Mercury is a global company creating a new generation of financial services for the leading web3 and fintech applications. The latest insights in web3, crypto and payments are the edge of the technology that attracts investors.
Products of Mecuryo include Banking-as-a-Service (BaaS), Crypto-as-a-Service (CaaS), On-Off Ramps and Pay In-Out. Here is a detailed review of Mercuryo in the context of its broker services. This review aims to furnish you with a well-rounded understanding of Mercuryo.
Mercuryo reviews
Mercuryo is a global payments ecosystem, building and harmonizing crypto and fiat solutions, which enable businesses across the globe to unlock and harness the power of crypto payments. Mercuryo’s on-and-off-ramps solution features custom designs, easy-to-use dashboards, payouts, simple technical guides, and transaction monitoring (webhooks).
Mercuryo, as a broker, is a platform focused on enabling users to buy, sell, and exchange cryptocurrencies with fiat through various payment methods. It is not monitored by any strict standards by a regulatory authority.
| General features | Values |
| Founded | 2018 |
| Official website | https://mercuryo.io/ |
| Supported countries | 135+ |
| Supported currencies | Cryptocurrencies – 30+ Fiat currencies – 25+ |
| Minimum buy/sell amount | $25 (or equivalent in other currencies) May vary according to market fluctuations |
| Supported payment methods | Visa, Mastercard, Maestro, Apple Pay, Google Pay, SEPA bank transfer, PIX, Virtual Account: BNI/BRI, E-Wallet: QRIS, OVO, PayPal |
| Compliant | Holds an MSB status in Canada |
Mission
Mercuryo’s mission is to use cryptocurrency to turn every business into a global one by making all kinds of business payments, no matter what their nature is, easy and accessible, like never before.
Expertise
Mercuryo maintains expertise in,
- Customer-first approach
- Payments
- Blockchain
Fees
Mercuryo charges the below fee for customer activities. These fees are dynamic and may vary depending on location, payment method, and other associated fees such as blockchain fees. However, the accurate quote will always be displayed in Mercuryo’s widget or wallet before payment is confirmed.
| Services | Fees |
| Buying | Up to 3.95% |
| Selling | Up to 3.95% (Min amount of $4) |
| Withdrawing crypto to another wallet | Blockchain fee / Gas fee |
| Receiving crypto to your Mercuryo wallet | No fee |
Why Mercuryo?
- User-friendly interface
- Broad range of cryptocurrencies
- Competitive trading fees
- Strong security measures
- Excellent customer support
Support & contact
Mercuryo has a customer-first approach and it doesn’t end at the point of sale either but ensures the customers are utilizing the products and services to reach the best results possible. The service is at support@mercuryo.io.
Conclusion
Mercuryo is well suited for users and businesses looking for a more simple, secure, and compliant way to handle cryptocurrency transactions. Businesses wanting to integrate crypto payments and individuals looking for fast crypto-fiat conversions largely prefer Mercuryo for its convenience and high speed.
We are however concerned about the fact that Mercuryo is not overseen by any top-tier regulator. FCA – Financial Conduct Authority published in 2021 on its website that Mercuryo is providing financial services without its authorization. We would like to maintain a cautious outlook on Mercuryo backed by the high possibility of legal and capital risks.
Pro Tip
A saying goes, “Don’t invest unless you are prepared to lose all the money you invest”. However, you can minimize risks to some extent by choosing a legit broker that keeps your money secure from scams and fraud.
Understand the risks involved in crypto trading and choose the suitable broker wisely with our trusted forex brokers. Explore our various investment methods including crypto, stocks, and CFDs to experience safe and secure trading.
