Compare IDAX vs Mercatox Exchange
On this page, you can compare IDAX with Mercatox. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. IDAX was founded in 2017 in Mongolia. Mercatox was founded in 2015 in United Kingdom.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Mercatox. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
IDAX is Centralized and Mercatox is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
IDAX has a mobile app available for iOS and Android. Mercatox doesn't have a mobile app.
IDAX has 3 languages available, including English, Korean and Chinese. Mercatox has 3 languages available, including English, Russian and Chinese.
| Company | ||
|---|---|---|
| User rating | 38 user reviews | 30 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 38 user reviews | 30 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
IDAX was established in December 2017 and it is currently the only operating Mongolian cryptocurrency exchange. In 2019 the exchange was shut down.
|
Mercatox has been around for about three years now after launching back in 2015.
The exchange offers a variety of services as it tries to appeal to traders including; margin trading, a multi-currency e-wallet, lending, a variety of payment methods, and interestingly, franchising capabilities on top of referral and loyalty programs.
|
Founding Date
| 2017 | 2015 |
Country
| Mongolia | United Kingdom |
Type
| Centralized | Centralized |
Languages
| English, Korean, Chinese | English, Russian, Chinese |
Mobile app
| iOS, Android | - |
Full address
| 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia | No data |
Fees
|
Fee for trading: 0.2% trading fee Withdrawal fees: https://www.idax.mn/#/fee |
No data |
| About |
IDAX was established in December 2017 and it is currently the only operating Mongolian cryptocurrency exchange. In 2019 the exchange was shut down.
|
Mercatox has been around for about three years now after launching back in 2015.
The exchange offers a variety of services as it tries to appeal to traders including; margin trading, a multi-currency e-wallet, lending, a variety of payment methods, and interestingly, franchising capabilities on top of referral and loyalty programs.
|
|---|---|---|
| Founding Date | Founding Date 2017 | Founding Date 2015 |
| Country | Country Mongolia | Country United Kingdom |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Korean, Chinese | Languages English, Russian, Chinese |
| Mobile app | Mobile app iOS, Android | Mobile app - |
| Full address | Full address 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia | Full address No data |
| Fees |
Fees
Fee for trading: 0.2% trading fee Withdrawal fees: https://www.idax.mn/#/fee |
Fees No data |
Trading
IDAX trading volume is 1,178,556,765.0. The exchange has 263 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
Mercatox trading volume is 11,541,946.0. The exchange has 609 available trading pairs. Fiat trading is not available on the exchange. Margin trading is available.
Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.
Volume
| 1178556765 | 11541946 |
Pairs
| 263 | 609 |
Coins
| 137 | 222 |
Fiat trading
| - | - |
Deposit
| No data | Free |
Fees
| Percentage | Percentage |
Margin
| - |
| Volume | Volume 1178556765 | Volume 11541946 |
|---|---|---|
| Pairs | Pairs 263 | Pairs 609 |
| Coins | Coins 137 | Coins 222 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit No data | Deposit Free |
| Fees | Fees Percentage | Fees Percentage |
| Margin | Margin - | Margin |
Safety
Two factor authentication
Verified
| - | Unverified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified - | Verified Unverified |
Social
Website
| www.idax.pro | mercatox.com |
| @IDAXpro | @Mercatox_info |
Number of followers
| 8884 | 28000 |
| Website | Website www.idax.pro | Website mercatox.com |
|---|---|---|
| Twitter @IDAXpro | Twitter @Mercatox_info | |
| Number of followers | Number of followers 8884 | Number of followers 28000 |
Rating
| User rating | 38 user reviews | 30 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
IDAX user rating is 3, based on 38 user reviews. Mercatox user rating is 2.5, based on 30 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
|---|
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
On this page, you can compare IDAX with Mercatox. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. IDAX was founded in 2017 in Mongolia. Mercatox was founded in 2015 in United Kingdom.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Mercatox. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
IDAX is Centralized and Mercatox is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
IDAX has a mobile app available for iOS and Android. Mercatox doesn't have a mobile app.
IDAX has 3 languages available, including English, Korean and Chinese. Mercatox has 3 languages available, including English, Russian and Chinese.