Mercado Bitcoin Fees and Minimum Deposit - TU Expert review
After considering a crypto exchange’s security, examining its fees is the next crucial step. Lower fees translate to higher potential profits. Newcomers to crypto trading may also want to consider the minimum deposit required to start trading, as they might prefer to begin with a smaller investment.
Traders Union analysts have assessed Mercado Bitcoin fees and minimum deposit requirements to help prospective crypto traders make informed decisions.
Short introduction of 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.
👍 Advantages of trading with Mercado Bitcoin:
•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.
👎 Disadvantages of Mercado Bitcoin:
•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.
Mercado Bitcoin Commissions and Fees
The analysis by the Traders Union experts of the fee policy showed that it is difficult to determine the exact level of commissions and make a comparative analysis with other exchanges. Mercado Bitcoin has no classic maker/taker commission, but there are commissions for order execution on individual assets. The average commission ranges from 0.4%-0.7% per transaction.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | From $9 | N/a |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Crypto market:
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Spread – the difference between the buy and the sell price of an asset.
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Commission per lot.
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Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
Why is it important to consider the minimum deposit at a cryptocurrency exchange?
Accessibility: The minimum deposit helps traders determine if they can afford to start trading on an exchange.
Risk Management: Exchange-set minimum deposits ensure traders have sufficient funds to cover potential losses and fees, preventing financial overextension.
Platform Suitability: The minimum deposit amount can be an indicator of the exchange’s target audience and trading volume, aiding traders in selecting a platform aligned with their goals.
Cost Considerations: Assessing minimum deposit requirements helps traders account for trading expenses.
Are the fees and minimum deposit requirements at Mercado Bitcoin suitable for beginners?
Analysis of Mercado Bitcoin shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
FAQs
Can the minimum deposit differ depending on the trading account type?
Yes. Brokers often encourage clients to deposit large amounts to the account by offering better trading conditions.
Can the fees differ depending on the asset?
Yes. This is why many brokers specify the fees for each asset individually.
Can you cover the fees with bonuses?
Yes, it is possible. Some brokers offer a welcome or deposit bonus that can be used to cover the fees.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.