Quick snapshot
Mercatox started around 2014 and offered hundreds of coins, from top assets to tiny community tokens. It drew hobbyists more than institutions and still hosts rare coins few platforms touch.
Trading experience
Looks old, with basic charts and simple spot orders. No advanced analytics, no pro tools. Liquidity is very thin - many markets barely move, so trades can sit for hours. Platform history also shows outages and unclear maintenance times that lock users out.
Deposits, withdrawals, hidden costs
- Only crypto in and out - no fiat ramps.
- Withdrawal fees vary, some oddly high. Times are slow, sometimes hanging for hours or days.
- Feels like using beta tools in modern crypto, especially for smaller obscure tokens.
Security and ownership
No named team, no headquarters info, no audits. Only standard login and optional 2FA protect accounts. No clue how wallets are stored or who controls them. Trust is entirely on faith in an unknown operator.
Why people still use it
Mercatox is basically a graveyard for old or rare coins. Some collectors or speculators buy dusty assets here hoping for odd pops. But for real trading, it’s too risky and unreliable.
Who might try it
- Collectors grabbing niche or dead project tokens.
- People fine risking tiny sums for curiosity trades.
Who should avoid it
- Anyone managing serious capital or wanting consistent fills.
- Users needing audits, insurance, or regulatory safety.
Pros and cons
- Pros: Huge coin list, rare token access, crypto-only with no bank issues.
- Cons: Very thin liquidity, outdated UI, unknown ownership, slow and unclear withdrawals.
Verdict
Mercatox is an old crypto corner best for odd collectibles. It’s not for safety or volume. Treat it like an experiment - small funds only, fully disposable. Anything serious belongs on proven, regulated exchanges.