Launched in 2016, Mercatox is a modern P2P service for accessing e-currency and cryptocurrency exchange markets via its trading platform. Basically, such exchanges match buyers and sellers of cryptocurrencies. The service is running on blockchain technology, supported by the community, which significantly deters hacks. Besides, clients` personal information is not accessible by the service provider (it is only shared with your direct trading counter-parties).
The firm operating the site and the brand is headquartered in London, UK, but given the nature of its service, it is not licensed by the Financial Conduct authority, nor by any other regulator. However, the UK financial watchdog has not taken a definitive approach towards crypto-exchanges.
While this is currently the most common situation with cryptocurrency exchanges worldwide, investors should be aware that there are also many blockchain-themed fraud schemes out there, exploiting the recent hype around Bitcoin.
Yet another option to trade in cryptocurrencies is to do that with forex brokerages. There are certain specifics you should take into account, however most of them are regulated and provide leveraged trading.
Topic: Mercatox Review (Read 58 times)