Mercuryo review

The taker fee is 5.5%, the highest figure among the buy crypto providers compared here. Most sit near 0.25%, so a regular buyer pays well over the going rate. A single purchase is where that gap matters least.

Mercuryo is registered with Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Money Service Business, Comision Nacional del Mercado de Valores (CNMV) MiCA Crypto Asset Service Provider (Criptan Trade, S.L.) and UK Financial Conduct Authority (FCA) Electronic Money Institution (Monetley Ltd), so the counterparty is regulated in Canada, Spain and the UK. Buyers in those markets deal with named operating entities rather than an offshore shell.

Mercuryo holds a UK electronic money institution licence, 900921, and a Canadian money service business registration, M21565803. Both registrations sit with named entities inside the same group.

Deposits run through card, bank and sepa, so a card, a bank transfer or a SEPA transfer all work. A card suits a quick first purchase, while bank and SEPA transfers suit larger amounts and cost less to move.

Sending crypto to another wallet costs only the blockchain or gas fee that the network charges, so there is no platform withdrawal charge on top. Receiving crypto into the Mercuryo wallet carries no fee, and custody is custodial per custodial, so the provider holds the keys.

Mercuryo lists 70 coins, a shorter range than Bitpanda at from 650. The list sits below the 62 median for the exchanges compared, so it covers the familiar names rather than every new listing.

Support runs on email, chat and help centre, which means a help centre, live chat and email. There is no phone line, so chat is the quicker channel for anything urgent, and the help centre answers routine questions on fees and deposits first.

It suits people who want a custodial wallet to hold and buy crypto rather than a full trading account. The provider was founded in 2018, is headquartered in Canada and trades under Moneymaple Tech Ltd.