Mercatox is it scam or not? Do they ask for KYC?

[Question123]

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.

[johnleo]

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.

[chipzeru]

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.

[Henrobakkara]

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

[Weeker]

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.

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.

[crairezx20]

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.?

[qomariah95]

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.

[SRKNGL]

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.

[Fluxtorrence9]

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

[plr]

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.

[dnovsckym]

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

[Turkish88]

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

[shirackjs]

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.

[TechComputer]

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.

[burky156]

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.

[cytpoway121]

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 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

[lutcor]

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.

[KiserHoff]

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.

[fourpiece]

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.

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.

[raul89]

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.