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https://medium.com/noahcoin/how-to-use-mercatox-exchange-full-guide-bb506a6910c6
Topic: How to use Mercatox exchange. Full guide! citing NOAH coin as an example. (Read 179 times)
November 13, 2018, 05:42:51 PM
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
November 13, 2018, 09:55:29 AM
Mercatox from my standard isn't the best exchange i would advise a newbie to start his/her trading on, although they have one of the best user friendly interface but my problem is with their listing policies. 99% of exchange listing are shitcoins/tokens. They list what ever pays them well without auditing the projects thereby making the environment (exchange) in conducive for newbies because most times the exchange you're trading on can influence your trading habit. 99% of scam project raising fund through selfdrops get listed on the exchange and tokens get dump on inexperienced newbies joining the traded business as first timers. I won't advice any newbie to start his/her trading experience with the exchange. You can come back when you become an active trader to take advantage of the platform but for starters no, find somewhere else to get a better experience.
November 13, 2018, 05:14:35 AM
Nice guide, it includes all the basic concepts needed to start in the bitcoin world.
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November 13, 2018, 02:38:40 AM
Mercatox allows you to buy and sell over 100 cryptocurrencies. It gives you access to a multi-currency e-wallet and a wide range of currency pairs.
How to register on Mercatox
To begin with, you need to create your Mercatox account. Go to Mercatox. You will see the following picture:
Press the green Sign up button. You will see the registration page. Fill in the registration form and press Register button. The system will offer you to confirm your email.
Go to your email, open the Mercatox’s letter, and click on Confirm your account.
You will be redirected to the authorization form. Fill in your data and press the Log in button. The exchange will offer you to secure your account. Select any protection method you like and follow the instructions. We’ve chosen the email verification, and every time we want to log in, we need to go to our email to follow the link and enter our account. It may seem annoying at first sight, but we understand that it helps to protect our account. If you don’t want to pass through the protecting stage, you may turn off this function in your profile settings at any time.
The registration is over! It was quite easy, wasn’t it? As you can see, the interface is intuitive and simple, and the registration does not take much time. Let’s get to work with our Noah Coins.
How to make the first deposit
Click on E-Wallet tab at the top of the screen. You will see various Mercatox wallets. For this guide, we have chosen Ethereum (ETH) to show you all the steps. So, click on Deposit by the Ethereum wallet.
The exchange will generate an address to replenish the ETH wallet of Mercatox. It will take several minutes. Then copy the generated address and send a required amount of ETH (minimum amount is 0.001 ETH) from your ETH wallet.
When you receive ETH in your wallet, the following tooltip message will appear in the bottom-right corner of the screen:
Refresh the page. The balance of ETH wallet will appear in the Balance column in the ETH line.
You have deposited your account and you can trade now! Are you dying to buy your first Noah Coins on Mercatox? Let’s start right now!
How to buy Noah Coins on Mercatox
Click on Trade at the top of the screen. Type NOAH into the search bar and you will see the NOAH/ETH trading pair.
Click the NOAH/ETH line. You will be directed to the screen where you can buy your first Noah Coins.
At the bottom of the screen, you will see a Buy NOAH section. Type the price at which you would like to buy NOAH tokens (the Lowest Ask price is the NOAH price that will allow you to buy NOAH now). Then type in how many Noah Coins you want to buy. The fee and number of ETH to be withdrawn from your Mercatox wallet will be calculated automatically. Press on the Buy button.
If you don’t know how many Noah Coins to buy, you can take the sum you are ready to spend on NOAH and divide it by the lowest price.
If the order is formed successfully, the tooltip message with the order data will appear at the bottom-right corner.
Your order will appear in the My Orders section, too.
When the order is executed, the tooltip message with the order data will appear at the bottom-right corner and your order will be displayed in the My Trade History section below.
Besides, the number of bought NOAH tokens will be displayed in the Wallet section in the Balance column. Use the search bar to find your NOAH tokens.
You can see the transaction parameters in the Wallet section — Transactions History.
We’ve described how to work with the limit orders. The limit order is an order placed by a user to specify a maximum price to buy or a minimum price to sell.
The exchange allows to work with other two order types:
Market order
The market order is a buy or sell order to be executed immediately at current market prices. As long as there are willing sellers and buyers, market orders are filled. Thus, market orders are used when certainty of execution is a priority over the price of execution. The disadvantage is that the trader accepts any best available price on the market.
Stop order
The stop order (or stop-market) turns into market order by achieving market specified price. Buy Stop price must be higher than the current market price and the Sell Stop price must be lower, otherwise the order will be executed as a market order immediately.
How to sell Noah Coins on Mercatox
Now, let’s try to sell our Noah Coins. This process is the same as the one that is described above, with the obvious difference — that you will sell your coins.
Go to the Sell NOAH section. You’ll see the amount of HOAH you have and the highest bid. Enter the price at which you’re ready to sell your coins and the amount you want to sell. Then press on the green SELL button.
The tooltip message will appear in the bottom-right corner of the screen.
At the same time, you’ll see the transaction data in the My Trade History section.
You can check the information in the Transaction History, too.
Congratulations, the mission is complete! It was quite easy, wasn’t it? If you don’t want to store your coins in Mercatox account, we’ll show you how to send them to your ETH wallet. Stay with us for a few more minutes.
How to withdraw your coins
Go to the E-Wallet page on Mercatox. Press on the Withdraw button in the ETH line.
The withdrawal menu will appear on the screen. Type in the amount you want to withdraw, paste the address of your ETH wallet, then click Submit.
The exchange will offer you to check your email for the confirmation letter and redirect you to the Transaction History section.
Check the transaction info and press on the Confirm Withdraw button.
After the confirmation, you’ll find yourself on the Transaction History page and you’ll see the message that your request for withdrawal was successfully created. If you look at the Status column, you’ll see that your request is being processed.
Check your ETH wallet. To the point, our ETH wallet has received the coins while the processing status is still on. We have refreshed the page and seen the paid status. We recommend you to do the same if you think that the status does not change for too long. If you have any problems or questions, you can apply to the support team through the live chat or by email.
You are an experienced trader now. Good luck with trading!
So, let’s make a conclusion. In general, it is an informative and dynamic trading floor. Both beginners and experienced traders will find it easy to use.
Mercatox sometimes suspends its work for the maintenance. We found it when we were preparing this guide for you. The exchange will inform you about it 30 minutes before the maintenance — the red tooltip message will appear in the bottom-right corner of the screen.
How to register on Mercatox
To begin with, you need to create your Mercatox account. Go to Mercatox. You will see the following picture:
Press the green Sign up button. You will see the registration page. Fill in the registration form and press Register button. The system will offer you to confirm your email.
Go to your email, open the Mercatox’s letter, and click on Confirm your account.
You will be redirected to the authorization form. Fill in your data and press the Log in button. The exchange will offer you to secure your account. Select any protection method you like and follow the instructions. We’ve chosen the email verification, and every time we want to log in, we need to go to our email to follow the link and enter our account. It may seem annoying at first sight, but we understand that it helps to protect our account. If you don’t want to pass through the protecting stage, you may turn off this function in your profile settings at any time.
The registration is over! It was quite easy, wasn’t it? As you can see, the interface is intuitive and simple, and the registration does not take much time. Let’s get to work with our Noah Coins.
How to make the first deposit
Click on E-Wallet tab at the top of the screen. You will see various Mercatox wallets. For this guide, we have chosen Ethereum (ETH) to show you all the steps. So, click on Deposit by the Ethereum wallet.
The exchange will generate an address to replenish the ETH wallet of Mercatox. It will take several minutes. Then copy the generated address and send a required amount of ETH (minimum amount is 0.001 ETH) from your ETH wallet.
When you receive ETH in your wallet, the following tooltip message will appear in the bottom-right corner of the screen:
Refresh the page. The balance of ETH wallet will appear in the Balance column in the ETH line.
You have deposited your account and you can trade now! Are you dying to buy your first Noah Coins on Mercatox? Let’s start right now!
How to buy Noah Coins on Mercatox
Click on Trade at the top of the screen. Type NOAH into the search bar and you will see the NOAH/ETH trading pair.
Click the NOAH/ETH line. You will be directed to the screen where you can buy your first Noah Coins.
At the bottom of the screen, you will see a Buy NOAH section. Type the price at which you would like to buy NOAH tokens (the Lowest Ask price is the NOAH price that will allow you to buy NOAH now). Then type in how many Noah Coins you want to buy. The fee and number of ETH to be withdrawn from your Mercatox wallet will be calculated automatically. Press on the Buy button.
If you don’t know how many Noah Coins to buy, you can take the sum you are ready to spend on NOAH and divide it by the lowest price.
If the order is formed successfully, the tooltip message with the order data will appear at the bottom-right corner.
Your order will appear in the My Orders section, too.
When the order is executed, the tooltip message with the order data will appear at the bottom-right corner and your order will be displayed in the My Trade History section below.
Besides, the number of bought NOAH tokens will be displayed in the Wallet section in the Balance column. Use the search bar to find your NOAH tokens.
You can see the transaction parameters in the Wallet section — Transactions History.
We’ve described how to work with the limit orders. The limit order is an order placed by a user to specify a maximum price to buy or a minimum price to sell.
The exchange allows to work with other two order types:
Market order
The market order is a buy or sell order to be executed immediately at current market prices. As long as there are willing sellers and buyers, market orders are filled. Thus, market orders are used when certainty of execution is a priority over the price of execution. The disadvantage is that the trader accepts any best available price on the market.
Stop order
The stop order (or stop-market) turns into market order by achieving market specified price. Buy Stop price must be higher than the current market price and the Sell Stop price must be lower, otherwise the order will be executed as a market order immediately.
How to sell Noah Coins on Mercatox
Now, let’s try to sell our Noah Coins. This process is the same as the one that is described above, with the obvious difference — that you will sell your coins.
Go to the Sell NOAH section. You’ll see the amount of HOAH you have and the highest bid. Enter the price at which you’re ready to sell your coins and the amount you want to sell. Then press on the green SELL button.
The tooltip message will appear in the bottom-right corner of the screen.
At the same time, you’ll see the transaction data in the My Trade History section.
You can check the information in the Transaction History, too.
Congratulations, the mission is complete! It was quite easy, wasn’t it? If you don’t want to store your coins in Mercatox account, we’ll show you how to send them to your ETH wallet. Stay with us for a few more minutes.
How to withdraw your coins
Go to the E-Wallet page on Mercatox. Press on the Withdraw button in the ETH line.
The withdrawal menu will appear on the screen. Type in the amount you want to withdraw, paste the address of your ETH wallet, then click Submit.
The exchange will offer you to check your email for the confirmation letter and redirect you to the Transaction History section.
Check the transaction info and press on the Confirm Withdraw button.
After the confirmation, you’ll find yourself on the Transaction History page and you’ll see the message that your request for withdrawal was successfully created. If you look at the Status column, you’ll see that your request is being processed.
Check your ETH wallet. To the point, our ETH wallet has received the coins while the processing status is still on. We have refreshed the page and seen the paid status. We recommend you to do the same if you think that the status does not change for too long. If you have any problems or questions, you can apply to the support team through the live chat or by email.
You are an experienced trader now. Good luck with trading!
So, let’s make a conclusion. In general, it is an informative and dynamic trading floor. Both beginners and experienced traders will find it easy to use.
Mercatox sometimes suspends its work for the maintenance. We found it when we were preparing this guide for you. The exchange will inform you about it 30 minutes before the maintenance — the red tooltip message will appear in the bottom-right corner of the screen.
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