Mercado Bitcoin Review 2024
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
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 cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.04 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 recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
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.
- 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 |
| 💵 Replenishment / 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: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders 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.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | From $9 | N/a |
The comparative analysis takes into account DeFi cryptocurrency commissions, taking into account the current exchange rate of the Brazilian real to the U.S. dollar.
| Broker | Average commission | Level |
|---|---|---|
|
$9 | |
|
$20 | |
|
$0.1 |
Investment Options
Mercado is a cryptocurrency platform that constantly develops key investment areas. Therefore, the exchange's offers are constantly updated with new products that represent the so-called high-yield investment program (HYIP) ideas that are currently the most popular in the cryptocurrency industry.
Mercado Bitcoin is the leader in South America's cryptocurrency investment industry
Investment products of the Mercado cryptocurrency platform are:
Tokens de Precatório. A portfolio of assigned debt of individuals to legal entities. The investment period is up to 13 months, yield is up to 20% per annum.
Tokens de Consórcio. These are tokenized assets representing shares of a financial consortium. The investment period is up to 13 months, yield is up to 20% per annum.
Vasco Token and Token da Vila are tokens linked to situational events. For example, Vila Token is a digital token of the Brazilian club Santos, whose investor receives a part of the transfer value of a player when he moves to another club.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Mercado Bitcoin’s affiliate program:
At the moment, the marketing policy doesn’t provide for attracting customers through an affiliate program. Changes are possible in the future.
User Satisfaction