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Author Topic: Mercatox is a SCAM  (Read 246 times)
nathias (OP)
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November 28, 2021, 06:00:44 PM
 #1

They disabled withdrawals for doge, and have been 'working' on it for a year.

Any advice on how to attempt to get my funds back?
vv181
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November 28, 2021, 06:10:34 PM
 #2

That is a freakin long time to get the Doge withdrawal to get fixed, it's should be a probable reason that the exchange has somethings wrongs behind it. Have you tried to contact their support team?

Another option is, let's assume the exchange is not a scam. You can consider selling doge on their exchange to other cryptocurrencies, and then make a withdrawal on that.
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November 28, 2021, 07:12:43 PM
 #3

If the exchange blocked the withdrawal of several coins, then this is not a scam.
I would withdraw my funds in Litecoins or TRON and exchange them for DOGE coins on other exchangers.
If you do not want to undergo the KYC procedure, then use this list.
https://kycnot.me/

I also use changelly.com
https://changelly.com/how-it-works

But I advise everyone to change no more than $ 500-1000 at a time.

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batang_bitcoin
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November 28, 2021, 07:49:02 PM
 #4

That's really a long time for a wallet maintenance. But there's a solution for that, if they've disabled the withdrawals for doge. Then trade it to another coin that doesn't have a wallet maintenance.
And when you're done, send it to another exchange and then buy doge there if you want again. That's all you need to do.

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Kavelj22
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November 28, 2021, 08:24:34 PM
 #5

They disabled withdrawals for doge, and have been 'working' on it for a year.

Any advice on how to attempt to get my funds back?

Withdrawal is disabled due to wallet maintenance. Many other users suffering from the same issue.
I don't think it's a scam. They just didn't update their systems yet for unknown reasons.
Did you contact the support? What they say to you?
I read about the issue with Doge wallet for mercatox. I also heard about the update in the Doge blockchain but if i am not wrong, all the service providers updated their wallets accordingly.

 
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November 28, 2021, 09:04:01 PM
 #6

It's not a scam but a technical glitch which is unresolved for a long time and it's really pathetic that they didn't fix it till date, it would be better for you to exchange doge for some other coin which can be withdrawn and then withdraw it rather than waiting forever. I think we must not use exchanges like MCX in first place because the volume over there is very less and mostly shit coins and scam projects are listed here since the emergence of ICO.
nathias (OP)
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November 28, 2021, 09:08:47 PM
 #7

Oh, I forgot to mention, there are no markets for DOGE.
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November 28, 2021, 09:55:32 PM
 #8

Oh, I forgot to mention, there are no markets for DOGE.

So your funds in mercatox is in doge or in other alts? Because if not in doge, then why not try different alts that you know you can very well get out of mercatox. I haven't used this exchange because I am not comfortable using this exchange. So if doge is still in maintenance mode, which is a very long time, why not look for other alts where you can exchange with and get out your coins as soon as you can.
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November 28, 2021, 10:30:34 PM
 #9

They disabled withdrawals for doge, and have been 'working' on it for a year.
Are you able converting your doge coin to the another coin? If you can do this and you must do that to be able to withdraw the tokens that available to be withdrawn from mercatox. This exchange site was a very well known as a scam exchange site. So many people aware about this and that's why they never use this garbag exchange site.
Any advice on how to attempt to get my funds back?
If the withdrawal button was not yet available and the only chance by trying to withdraw your funds through another coin and you can convert your money back again to the doge coin after you have been getting your money to go to your wallet. there's no other way for this.

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November 28, 2021, 10:49:12 PM
 #10

Oh, I forgot to mention, there are no markets for DOGE.

So your funds in mercatox is in doge or in other alts? Because if not in doge, then why not try different alts that you know you can very well get out of mercatox. I haven't used this exchange because I am not comfortable using this exchange. So if doge is still in maintenance mode, which is a very long time, why not look for other alts where you can exchange with and get out your coins as soon as you can.
OP said he has a dogecoin on the said exchange. I never use that exchange a long time ago because I don't like the site personally.
@OP, have you reached this already from their support and asked them about this issue? They could maybe fix this and refund your dogecoin into other altcoins which is available to them.

I don't know the reason why they did not want to upgrade the system or in this way they want to get profit from their users.
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November 28, 2021, 10:53:15 PM
 #11

They disabled withdrawals for doge, and have been 'working' on it for a year.

Any advice on how to attempt to get my funds back?

I don't think it's a full blown scam per se. Exchanges usually have wallet maintenance for an incredibly long amount of time. It might be something with Dogecoin blockchain or maybe their team doesn't have the capacity right now to fix the wallet. I would suggest you just convert the doge to another altcoin and withdraw.

Exchanges would be considered a scam if they block all withdrawals and outflows from the exchanges made by users.

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Koro-Sensei
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November 28, 2021, 11:08:37 PM
 #12

They disabled withdrawals for doge, and have been 'working' on it for a year.

Any advice on how to attempt to get my funds back?
Yow just sell your doge and get your funds out of there. If you really want to have Doge in your wallet, you can buy it in other exchanges which don't have maintenance like that. Its not a scam if only a couple of coins aren't available for withdrawals. Probably a maintenance or a problem with doge itself.
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November 28, 2021, 11:27:30 PM
 #13

They disabled withdrawals for doge, and have been 'working' on it for a year.

Any advice on how to attempt to get my funds back?

wow i remember in the past they competed with yobit on the question of who had more scam accusations:

https://bitcointalk.org/index.php?topic=5199337.0

i suppose today they changed? will be? I don't use this exchange at all

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November 28, 2021, 11:32:26 PM
 #14

At other times the DOGE markets were also disabled, but now I saw there were two open.
This way I at least got 1/5 out. Roll Eyes

would not recommend
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November 28, 2021, 11:33:46 PM
 #15

it takes very long time for wallet maintenance, have you contacted their support team?, if there is no solution you exchange it to another coin which doesn't have wallet maintenance and send it to another exchange, that's all if you get your funds back.

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November 28, 2021, 11:43:19 PM
 #16

At other times the DOGE markets were also disabled, but now I saw there were two open.
This way I at least got 1/5 out. Roll Eyes

would not recommend

If they have opened a market for DOGE, immediately sell all your doge and immediately withdraw all funds that are there if you no longer feel safe using the exchange.

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November 28, 2021, 11:51:58 PM
 #17

At other times the DOGE markets were also disabled, but now I saw there were two open.
This way I at least got 1/5 out. Roll Eyes

would not recommend

This  Is a shady exchange, I have not used it due to the accusations I saw against them, but when or if you get all your coins then withdraw everything and no longer use this exchange, there are many reliable exchanges, you have no reason to be there use this shady exchange

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sheenshane
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November 28, 2021, 11:59:22 PM
 #18

They disabled withdrawals for doge, and have been 'working' on it for a year.

Any advice on how to attempt to get my funds back?
I didn't use this exchange but regarding your problem, I think you're not alone here.
I saw someone posted on Reddit regarding this and it seems they are also waiting for an update from Mercatox.

I think the best thing that you can do for now is waiting until the maintenance will be done or keep asking the support regarding this issue.  But your accusation about a scam, I don't think if this is a scam since we saw Mercatox was actively working fine.
GreatArkansas
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November 29, 2021, 12:13:08 AM
 #19

Try to convert your Dogecoin to another cryptocurrency just like TRX/XRP/Litecoin or anything that got a very cheap withdrawal fee just to transfer your funds to another exchange, once you already transferred, you can buy back your desired cryptocurrency.
Maybe they messed up internally on dogecoin related of their system, that could be the reason why they disabled their withdrawal on particular cryptocurrency.

khiholangkang
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November 29, 2021, 03:07:20 AM
 #20

They disabled withdrawals for doge, and have been 'working' on it for a year.

Any advice on how to attempt to get my funds back?
Exchange your assets to another, I've also made withdrawals on Mercatox several times and it's safe using TRX

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