Where Is Mercatox located?
Mercatox is located in the United Kingdom. However, users from around the globe can access the exchange, including those based in the United States.
One can directly contact the exchange to see the full list of supported countries.
Interface & Functionality Review
The user interface is easily one of the selling points of Mercatox as the platform is intuitive and has a convenient design. It can appeal to experienced traders and to novices, as well.
The homepage informs all visitors about the advantages of the platform and describes all the features in short. In the upper part of the website, there is a menu with 3 tabs (Trade, Lending, and E-Wallet).
In the upper-right side of the Trade tab, one can see the box containing the list of all the crypto markets and e-currency markets. Below there is a Margin Trade button and an active chat room where traders can interact with each other and share information on topics related to cryptocurrency trading. This chat can be especially useful for those in need of quick assistance regarding the use of the platform. Under the chatbox, there is another section providing news associated with the Mercatox exchange. That’s where users can see the announcements or learn that some of the coins are temporary cannot be traded due to the maintenance, and so on.
On the left side, there is a trading candlestick chart. Besides a generic candlestick graph, there are such options as Hollow Candles, Heikin Ashi, Baseline, Area, and Line. Moreover, there’s a rich choice of indicators that can enhance the trading process of experienced customers who know how to use sophisticated analysis tools. Above the charts, one can see the numbers (24-hour change, 24-hour volume, 24-hour peak price, 24-hour bottom price, and so on).
Under the candlestick graph section, there are Buy and Sell boxes and My Orders section. The users can place one of the three types of orders: limit, stop, and market orders.
Market orders can be used to buy or sell assets at the current price (the trader cannot specify this price when placing a market order). In markets with high liquidity, market orders usually get filled instantly. The chance that the market order is not going to get filled is very little. The final price can depend on the moment when the order gets filled.
Stop orders are used to buy or sell the assets at the best market price (just like market orders). The difference is that these orders get triggered only if the market price reaches a specific figure.
Limit orders allow trading with lower risks of losses. These orders get triggered only at the specified or better price. Some of the limit orders are not getting triggered. It happens when the market price doesn't reach the price specified by the user or gets worse than this price. What's good is that if such order gets triggered it always gets triggered at the desired or better price.
Another tab is Lending. There one can make money without trading by lending assets to interested individuals at an interest. The feature was added on the platform back in February 2017. Also, the Lending feature might be useful to get extra money for margin trading. To get started in this section, one has to set the terms of engagement with the borrowers, i.e. amount, terms and interest rates. According to Mercatox, lending is a high-profit exercise that has no risk. In fact, it’s better to adequately estimate possible risks and profits before making the decision to use this feature.
The E-Wallet tab contains the Mercatox E-Wallet service. In fact, it is a multi-currency wallet. It allows users to send and receive crypto-assets instantly. Moreover, Mercatox users can purchase goods via this wallet. Users can withdraw coins from the exchange to this wallet for free. The deposits made via this wallet are also free of charge. Business owners can use the Mercatox wallet to accept payments through the integration of the wallet into the business website
Topic: Mercatox cryptocurrency exchange – March 2019 (Read 7106 times)