According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 50 BLR
- Proprietary platform
- Investment programs available
Our Evaluation of Mercado Bitcoin
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Mercado Bitcoin is a high-risk cryptocurrency exchange with the TU Overall Score of 2.97 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Mercado Bitcoin clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Mercado Bitcoin is among the best exchanges for Latin American investors because of its high liquidity and low fees. Investors in other regions may be interested in the exchange's investment programs.
Brief Look at Mercado Bitcoin
Mercado Bitcoin is an exchange for active cryptocurrency trading and investing in non-standard cryptocurrency instruments. It focuses on Latin American investors. The platform was founded in 2013 in Brazil, and today it has over 3 million clients. According to CoinMarketCap, an analytical portal, the exchange is among the top 100 largest exchanges in the world with a trading turnover of about 4-5 million USD per day. There are such tools for active trading as several dozens of cryptocurrencies paired with the Brazilian real, including BTC, ETН, and trending cryptocurrencies such as LINK, Sol, Aave, and AVAX.
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- The low entry threshold is 50 Brazilian reais.
- Fee Policy. The platform offers one of the lowest spreads in the region for major cryptocurrency instruments paired with the Brazilian currency (BRL).
- Investment instruments, availability of. Investors can earn from DeFi assets, NFT tokens, and unique tokenized investment portfolios.
- Legality. The exchange operates following Brazilian legislation and is controlled by the local regulator.
- Security. Account and wallet protection methods protect against hacking and reduce the effects of Distributed Denial of Service (DDoS) attacks.
- The payment methods are focused mainly on Latin American investors. Traders in other regions must use transit accounts, which means extra commission costs.
- No other drawbacks were found.
TU Expert Advice
Financial expert and analyst at Traders Union
Mercado Bitcoin is among the oldest cryptocurrency exchanges in the world and the largest exchange in Latin America. In 2013, the exchange entered the cryptocurrency market as a platform for trading the major tokens that existed at the time, including BTC. Gradually developing cryptocurrency exchange technology, expanding the range of trading assets, and developing new products, the Mercado Bitcoin exchange has become the largest player in the region. In 2020, the Blockchain Transparency Institute (BTI) ranked the platform among the 25 most trusted exchanges in the world.
The secret of Mercado Bitcoin's success is its combination of technical functionality, investment products, and tariff policy. Despite the relatively small number of cryptocurrencies available for active trading, the exchange is the main Brazilian platform for BTC/BRL pairs trading and it accounts for up to 60% of trading turnover. The reason is low transaction fees within the local payment system network and a wide range of payment methods specific to Latin America.
The platform also offers investment products such as DeFi, NFTs, and proprietary tokenized instruments. Although Mercado is focused primarily on residents of Brazil and Latin America, investors from almost any country in the world can join the ranks of its customers. Verification is easy and it takes up to 2 days. The exchange operates in the legal tax field of Brazil and has a fully legal status in the jurisdiction.
Mercado Bitcoin Summary
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Unified account, but different types of sub-accounts depending on varying conditions |
| 💰 Account currency: | The main currency is the Brazilian real |
| 💵 Deposit / Withdrawal: | Cryptocurrency e-wallets, cards, bank transfers |
| 🚀 Minimum deposit: | From 50-100 Brazilian reais, depending on the instrument |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Depends on the instrument |
| 💱 Commission: | Spot: 0,3%-0,7% |
| 🔧 Instruments: | 26 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | n/a |
| ⭐ Trading features: | Investment programs available |
| 🎁 Contests and bonuses: | Yes, bonuses from the Traders Union as rebates |
Mercado Bitcoin has a narrow spread/commission on major cryptocurrency pairs. There is a withdrawal fee.
Mercado Bitcoin Key Parameters Evaluation
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Regulation and safety
With a 5.25/10 score, Mercado Bitcoin demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- 2FA
- Cold wallet storage
- No successful hacks history
- Not tier-1 regulated
- Not government-regulated
- Not U.S regulated
- No investor protection fund
Mercado Bitcoin Security Factors
We also compared Mercado Bitcoin against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Mercado Bitcoin | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Mercado Bitcoin a regulated crypto exchange?
Mercado Bitcoin is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Mercado Bitcoin is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at Mercado Bitcoin?
Yes, KYC verification is mandatory at Mercado Bitcoin. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Mercado Bitcoin available?
Mercado Bitcoin complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, India, United Kingdom, Nigeria, Malaysia, South Africa, Australia, Canada, Pakistan, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Switzerland, Netherlands, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, France, Bangladesh, Thailand, Italy, Egypt, Poland, Sri Lanka, Belgium, Norway, Saudi Arabia, Vietnam, Czech Republic, Greece, Japan, Uganda, Ghana, Morocco, Finland, Bulgaria, Korea, Algeria, Azerbaijan, Estonia, Argentina, Peru, Austria, Chile, China, Mexico, Denmark, Germany, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Lithuania, Ireland, Slovakia, Georgia, Tajikistan, Armenia, Hungary, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Mercado Bitcoin support.
Is Mercado Bitcoin available in the USA?
Yes, Mercado Bitcoin is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Mercado Bitcoin commissions and fees
Mercado Bitcoin received a 5.2/10 score for its trading fees. While Mercado Bitcoin is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- No deposit fee
- Spot fee above industry average
- Withdrawal fee may be applied
- P2P fee applied
What are Mercado Bitcoin trading fees?
We analyzed Mercado Bitcoin’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Mercado Bitcoin trading fees vs competitors
| Mercado Bitcoin | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,3 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,7 | 0,22 | 0 | 0.194 |
What are Mercado Bitcoin deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0004 BTC 1,99 BRL |
Does Mercado Bitcoin offer P2P trading?
No, Mercado Bitcoin does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
Mercado Bitcoin received a 4/10 rating for its deposit and withdrawal services. Mercado Bitcoin offers limited funding options and may charge fees, which could be inconvenient for many users.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- Bank transfers for deposits and withdrawals
- No PayPal option
- Withdrawal fee applies
- No Google Pay option
Deposit and withdrawal options
Mercado Bitcoin supports the following deposit and withdrawal options: Bank transfers, Crypto.
Mercado Bitcoin Deposit and withdrawal options vs competitors
| Mercado Bitcoin | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Mercado Bitcoin minimum deposit?
The minimum deposit at Mercado Bitcoin is 10 USD/USDT or 0,00001 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Mercado Bitcoin minimum deposit vs competitors
| Mercado Bitcoin | OKX | Kraken | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 0,00001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does Mercado Bitcoin support fiat money?
Mercado Bitcoin supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Mercado Bitcoin received a score of 3/10 in this category, indicating a modest offering of assets and markets. While Mercado Bitcoin covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Staking available
- Only 26 supported coins
- Copy trading not available
Mercado Bitcoin supported coins and markets vs competitors
We compared Mercado Bitcoin with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Mercado Bitcoin | OKX | Kraken | |
| Supported coins | 26 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Mercado Bitcoin passive income options vs competitors
We also compared Mercado Bitcoin with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
| Mercado Bitcoin | OKX | Kraken | |
| Staking | Yes | Yes | Yes |
| Yield farming | No | Yes | Yes |
| Copy trading | No | Yes | Yes |
Trading apps & tools
Mercado Bitcoin received a score of 6.5/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Positive user feedback on the iOS app
- App data protection with 2FA
- Advanced tools and automation with API
- Android app score 4,1
- No standalone desktop access
- No access to TradingView features
- No access to Copy Trading
Trading apps
Mercado Bitcoin provides web and mobile apps for both Android and iOS users, with an average rating of 4,6 on the App Store and 4,1 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Mercado Bitcoin platform is for mobile use.
| Mercado Bitcoin | Bybit | |
| 2FA | Yes | Yes |
| Face ID | No | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | No | Yes |
| Advanced Orders | Yes | Yes |
| Trading with bots | No | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does Mercado Bitcoin offer a desktop app?
No, Mercado Bitcoin does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Mercado Bitcoin offer advanced charting with TradingView integration?
No, Mercado Bitcoin does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2013 |
|---|---|
| Registration address | Alameda Mamoré, 687, suite 303, r. 03, Alphaville Industrial |
| Official site | https://www.mercadobitcoin.com.br/ |
| Contacts |
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