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Author Topic: Mercatox threshold limit for non-verified or no KYC account?  (Read 123 times)
crairezx20 (OP)
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February 19, 2019, 08:44:16 AM
 #1

I just created this thread to know what is the threshold limit of mercatox for withdrawal if the account is not KYC verified?

I am planning to exchange some big amount of altcoin to the exchange and I don't want to give my documents for KYC for my safety.
Potato Chips
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February 19, 2019, 10:24:24 AM
 #2

Quote from: url=https://mercatox.com/fees/index?page=6&per-page=25
Instant withdrawals limits:
for unverified users - 0.5 BTC in equivalent per 24h
for verified users - 5 BTC in equivalent per 24h

As you can see even the limit for verified users is rather low if you compare it to others. The highest I've seen for unverified accounts is 2BTC per 24 hours e.g. binance, kucoin.
If you don't really want to undergo verification, best bet I could think of is to use as many exchange as required, tho the problem would be the fees and hopefully its not an obscure coin/token.

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crairezx20 (OP)
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February 19, 2019, 01:42:02 PM
 #3

Quote from: url=https://mercatox.com/fees/index?page=6&per-page=25
Instant withdrawals limits:
for unverified users - 0.5 BTC in equivalent per 24h
for verified users - 5 BTC in equivalent per 24h

As you can see even the limit for verified users is rather low if you compare it to others. The highest I've seen for unverified accounts is 2BTC per 24 hours e.g. binance, kucoin.
If you don't really want to undergo verification, best bet I could think of is to use as many exchange as required, tho the problem would be the fees and hopefully its not an obscure coin/token.

The problem I can't exchange the coins to other exchange which is not listed.
Only mercatox exchange have this coin and token that I hold.

Anyway, Thanks for the info about withdrawal threshold limit. I thought that it will be the same as binance that the withdrawal limit is around 2 BTC.
Potato Chips
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February 19, 2019, 10:32:59 PM
 #4

The problem I can't exchange the coins to other exchange which is not listed.
Only mercatox exchange have this coin and token that I hold.

Have you checked dexes? If you're relying to cryptocurrencies overview sites like coinmarketcap, live coin watch etc.. they don't list dexes afaik so much better to go the certain coin/token's site or sns to see the full list.

If you already did, then just trade every other day I guess? I would advice you to not hit your day limit tho

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dunfida
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February 19, 2019, 10:53:15 PM
Merited by Potato Chips (1)
 #5

The problem I can't exchange the coins to other exchange which is not listed.
Only mercatox exchange have this coin and token that I hold.

Have you checked dexes? If you're relying to cryptocurrencies overview sites like coinmarketcap, live coin watch etc.. they don't list dexes afaik so much better to go the certain coin/token's site or sns to see the full list.

If you already did, then just trade every other day I guess? I would advice you to not hit your day limit tho

CMC do list dexes. There are really some scenarios which you dont really any have choice to sell out your coins if its listed to some exchangers which we arent even sure if it goes well.
I tried to use Mercatox in the past but im not aware on their threshold on unverified accounts.Just like been mentioned above as of todays binance and kucoin do have the best daily withdrawal without any verification.

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February 20, 2019, 10:02:28 PM
 #6

CMC do list dexes.

My bad, I should've gone through the "markets" tab instead of "exchanges". Thanks for clearing this up.

Tho I'd still recommend op to go see the official site/sns' for a full list since not all coins are listed there anyways, especially as it seems we're talking about non-well known coin/token's here.

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raul89
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February 21, 2019, 02:48:57 PM
 #7

Why don't you use the service without registering to exchange your coins. Recently, I used ChangeNOW, their rules stipulate that they do not require KYC for exchanges of up to 11 BTC.
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