Bitcoin Forum

Sorry for making this thread I just want to know if this exchange site is legit or scam.

I never trade any coins form this exchange and I would like to know some experienced users who use Mercatox exchange if this is a legit exchange site or not.

Or they are asking for KYC?

I just planning to use their exchange but I notice that the site is a centralized exchange that is why I'm thinking if the site is safe.

I used to trade here and they are good not really the best exchange but I have no issue with deposit and withdrawal and yes they asked for KYC if you trade within their allowed threshold, because they are a compliant company and exchange so if you are going to trade a huge amount then you will have to go through KYC.

I made many trades in past months in Mercatox without any problem and also withdraw were successful so I don't think they are a scam exchange.

Mercatox is not a scam. I already use it and I do not experience any problem withit. Fast transaction and convenient to use. KYC I think is required but the process is easy.

How much their threshold limit for withdrawal if my account is not KYC verified?

This is my big problem because I don't have documents like what documents they need for KYC.
I thought that I can withdraw more than 1 BTC in their exchange.

I've used mercatox exchange many times and had no problems. To me, a good exchange. They don't want you to do KYC unless you exceed certain limits. Many people who got Hydro token use Mercatox.

Make sure that you have the right website on your search mode.
website: https://mercatox.com/

Mercatox is not a scam it is a good exchange which i am also using.
They dont ask KYC if you dont need to withdraw big amount.
Never had KYC but i did deposit and withdraw to it.

Mercatox is a very sweet platform with really cheap withdrawals charges
But their bitcoin wallet can go on maintenance for too many days

It’s not a scam site, and you don’t need kyc, it’s just an exchange with lower rules and more volume for your project

Hey mate I think it's better if you move this thread to Exchanges: https://bitcointalk.org/index.php?board=223.0.

Personally though I haven't tried Mercatox so I can't say if they're scam or not. This is the official ANN thread as well: https://bitcointalk.org/index.php?topic=1662702.0.

it's better to ask, rather than not being satisfied later, I really salute you, a little review from me, I rate exchange mercatox very good, and fast, in deposits and withdrawals, I often use, and many times, for Kyc, Mercatox asks as a condition, to avoid things you don't want, and the presentation is very fast if your data is correct, only this, a little opinion from me, hope you are always successful in crypto traders.

Mercatox is a good exchange but with low volume trade there. Since I used it, they have never asked for KYC.

No, i have very old account in https://mercatox.com/ even in the last month i deposit INVACIO (INV) coin for selling
A lot of time i deposit many token for trade without any issue and hassle so definitely this is legit exchange don't worry
Mercatox not asking KYC if i didn't deposit big amount so i don't know there have any queries for big amount transaction

Mercatox is good for trade, I have some coins in that exchange, but it's been a long time for me to not visited that site. And after I check my account, I see in the profile, I need to do verification to reach the next level but it's not a must, and you could still make a trade as usual. But you only can withdraw 0.5 BTC in equivalent per 24h for unverified users and 5 BTC in equivalent per 24h for verified users. I choose not to upgrade my account because I don't trade too often in that site.

So far I have used Mercatox, I have never experienced any problems, but Mercatox is not a good enough exchange to trade better, just use binance and for the KYC problem at Mercatox I feel safe, you can do kyc well

we have been trading on Mercatox for a year and have never had any problems whatsoever, we recommend it.

I used mercatox for a very long time, and they didn't ask us to KYC to be able to use their exchange. For me, I have never had any problems with this exchange and I commented it was a good exchange

Mercatox become good and best exchange market where many ICO coin always listed at first time on mercatox, many coin only have mercatox for their exchange market and we are really happy with mercatox because want accepted new coin.

Mercatox exchange can be trusted, I have exchanged several times there and there is absolutely no problem, at the beginning of the registration they did ask for KYC but it was very easy.

Mercatox are running in almost a year I dont experience any problem in their trading platform I earned a lot of money in this exchange site there's also some good altcoin in this trading site. They dont ask any KYC but still this site are safe and smooth to use.

This might help OP, seems that the withdrawal is smaller than binance can provide in terms of non verified accounts, though there's no problem
trying the service with small amount of coins first then if OP got satisfied with the service he can deal with it again and again, though its time consuming and needs to pay more for transaction fees but far better than sending everything and experienced problem after.

Let wait for OP's update here if he able to try the service and what will be the feedback coming from his personal experienced.

Mercatox is not scam it is one of the trusted exchanges site and base on people who already traders in the Mercatox is good exchanges site. So it is really safe for you to trade coins if you want. I do not know if they implementing KYC because I trader there last 1 year ago and I do not know that they have new rules like KYC  or anything. You can register to that exchanges site and you can check it.

I joined with Mercatox in 2017 and I satisfied with their service, never experienced late withdraw or deposit, so I am sure until today they are not scam. About kyc is not mandatory if user just small player, kyc is required if you will make a withdraw 1 btc per day. So as a small player I am also love their their rule about kyc.

I used to trade some of my altcoins on Mercatox back in 2017 and never experienced any problems with them. The withdrawal and deposit worked smoothly back then. The UI hasn't changed since 2017. For small trader, the KYC verification is not a mandatory.

I trade there, everything looks really good and there are no problems ... they don't need KYC but they only ask for confirmation of e-mails every time you want to make withdraw

The problem is that now many are asking for this protection and it is difficult to determine the honesty of the project on this basis. But for an investor, this is now a barrier and a risk, and many just immediately leave without having figured it out completely.

Almost all answer is the same they don't read my last reply here on my own thread I hope someone can read it if not then I will lock this thread.

What I want to know is if what is their total threshold limit for non-verified or no KYC account.?

As long as I trade at Mercatox there are no problems at all. And to withdraw it also does not require KYC. That's what makes people trade there more often because basically they don't need KYC to withdraw there.

I used the Mercatox exchange in the days when the nano coin was claimed by the claim. I did the Kyc verification. I didn't have any trouble shooting money.

Yea mercatox is good and rated mediocre by myself ,its not the best one out there but yes deposits and withdrawal works

They are a good exchange I have tried trading in their platform several times when the market is doing fine, but now that the market is down I lost track of how these exchanges perform, but they are good to check the reputation and scam sections and see if there are valid complaints about Mercatox.

I have never had any problems with this exchange, so I have no reason to call them scammers!

Why if exchange ask to do KYC, peoples immediately think what it is scam ?
We at developing stage when every month exchanges hacks, to prevent this they ask kyc.
In other side SEC dictate their rules

I trade in Mercatox from time to time, there aren’t any problems with withdrawal and deposit. And yes, you will need to do KYC. To be safe, don’t store your coins in Mercatox.

Binance, bittrex, mercatox, kucoin, and much other major exchanges are centralized. But they are usually do kyc to prevent abuses, but it seems mercatox doesnt require kyc.

No, i would never say the Mercatox is scam. I made 20-25 trade and more than 10 withdraw with Mercatox and never had any problem with them. If you check the coinmarketcap the Mercatox has nearly $5 million daily volume and that is not so bad. They have 335 pairs in their exchange and every new day they add new ones.

I used to trade on mercatox exchange and it is not a scam exchange
Yes there is kyc on the exchange platform but it is not compulsory except you have tons of bitcoins withdrawals to make

Extra tip is that their withdrawal fees are cheap

KYC today is asked by everyone who is involved in cashing or trading in general on exchanges with large volumes, because today a very large number of people do not want to go through KYC, they start looking for different exchanges that will conduct different operations, but without KYC.

This is not a scam. Mercatox is completely trustworthy on my part, so you should not be afraid. However, if you are planning to perform big operations, you will have to undergo KYC.

Mercarox is a legit site ive been trading on that exchnage before so definitely its not a scam ,and no kyc required to withdraw your balances.

I have seen a lot of good reviews about Mercatox, and you don’t have to worry that they may require KYC. This is a necessity that occurs in rare cases, but I advise you not to keep a lot of funds there. There is always a risk of losing them.

Ive been trading on mercatox for almost a year,i would say that the site is legit and when it comes to kyc you dont need it to withdraw balances, maybe kyc is use only  if you want to increase your withdrawal to 100 btc

Yes kyc is only used to increase your limits ( withdrew/deposit ) but kyc works different on an ico or other service  . they need kyc not because of the limits but because that is their primary requirement before you can invest on them . 

I used mercatox before when the time that xrb ( captcha claim ) are still popular and if im not mistaken , they dont require a kyc that time . maybe mercatox updated their rules .

Not because it's centralized you'll have second thought though of course it's depend on the site otherwise not all decentralized is safe. Likewise, mercatox is already established one and it doesn't need a kyc for you to be able to withdraw and their withdrawal fee is reasonable.

Mercatox are running in just about a year and ago and I don't experience any issue in their exchanging stage I earned a great deal of cash in this trade site there's likewise some great altcoin in this exchanging site. They are not asking asking any KYC yet at the same time this site are protected and smooth to utilize. i am not sure why op get doubt instead of asking it he try on site directly.