Mercado Bitcoin Review
Key takeaways from this review:
- Mercado Bitcoin is a secure and feature-rich Brazilian cryptocurrency exchange with a wide range of features for traders.
- Mercado Bitcoin offers low trading fees and a variety of payment methods, making it a great option for both beginner and experienced traders.
- Mercado Bitcoin is not available to US-investors, but there are a number of other great alternatives available.
Mercado Bitcoin Pros & Cons
What is Mercado Bitcoin?
Mercado Bitcoin is a Brazilian cryptocurrency platform that allows users to buy, sell, and trade Bitcoin, Ethereum, Litecoin, and other digital currencies. It also provides users with a secure wallet to store their cryptocurrencies.
Mercado Bitcoin Product & Features
One of the most popular features of Mercado Bitcoin is its advanced trading platform. It offers a range of order types, including market, limit, and stop orders, as well as a variety of charting tools and indicators. It also provides advanced features such as margin trading and automated trading bots.
Another key feature of Mercado Bitcoin is its secure storage options. It offers a variety of secure wallets, including a cold storage wallet for maximum security. It also offers a two-factor authentication system to protect user accounts.
Mercado Bitcoin also offers a range of payment methods. Users can buy and sell cryptocurrencies using a variety of payment methods, including bank transfers, credit cards, and cryptocurrencies.
Mercado Bitcoin offers a range of customer support options. It provides a help center with a variety of resources, as well as a customer service team that can be contacted via email or phone.
Can US citizens use Mercado Bitcoin?
No, US citizens cannot use Mercado Bitcoin. The exchange is only available to investors in Brazil, Portugal, and Spain. Investors from other countries are not able to access the exchange.
Mercado Bitcoin Trading Fees
Mercado Bitcoin charges a flat fee of 0.25% for all trades, regardless of the amount. This fee is applied to both maker and taker orders. Mercado Bitcoin also charges a withdrawal fee, which depends on the cryptocurrency being withdrawn and the amount. For example, the fee for withdrawing Bitcoin is 0.0005 BTC, regardless of the amount.
Mercado Bitcoin Alternatives
- Binance: Binance is the world's largest cryptocurrency exchange by trading volume. Binance offers low trading fees, wide variety of cryptocurrencies to trade, as well as margin trading and staking services. Sign up for Binance here.
- KuCoin: KuCoin is a global cryptocurrency exchange that is known for its wide variety of cryptocurrencies offered. It offers a variety of features, including margin trading, staking, and airdrops. Sign up for KuCoin here.
- Crypto.com: Crypto.com is a global cryptocurrency exchange that is known for its user-friendly interface and rewards program. It offers a variety of features, including margin trading, staking, and a Visa debit card that can be used to spend cryptocurrency. Sign up for Crypto.com here.
How to Sign up on Mercado Bitcoin?
Here are the steps on how to sign up on Mercado Bitcoin:
- Go to the Mercado Bitcoin website and click on the "Create Account" button.
- Enter your email address and create a password.
- Click on the "Create Account" button.
- Check your email for a verification message from Mercado Bitcoin.
- Click on the verification link in the email.
- Enter your personal information, including your full name, date of birth, and address.
- Click on the "Create Account" button.
- Verify your identity by uploading a copy of your government-issued ID.
- Once your identity has been verified, you can start trading cryptocurrencies on Mercado Bitcoin.
