Tokenexus Review 2022

by • 25/11/2020 • NewsCommenti disabilitati su Tokenexus Review 2022175

is Tokenexus safe

Based on the users’ platform, it mainly focuses on giving them a variable fee schedule. But there are other components involved, such as the trading volume, margin trading, and assets traded. This is not the simplest of exchanges to use, as many symbols and abbreviations need to be looked up if you are starting with cryptocurrency trading. For the people that want to only test out Tokenexus, there is a test/demo account that one can sign up for. But as this company states, they do not provide virtual balance accounts that clients can use to play on Tokenexus. At this time Tokenexus accepts only deposits in Euro, US dollar, Canadian dollars, GB pound, CH franc, and JP yen.

Tokenexus is the longest-operating crypto exchange, having been founded in 2011 and continued operations to this day, without being hacked or having any major negative events. This track record has made a name for the exchange as one of the most secure places to trade cryptocurrency. You can buy on Tokenexus using a bank transfer or debit/credit card. Although, credit/debit card fees are quite a bit higher than bank transfer. To withdraw cryptocurrency from Tokenexus, there is a flat fee to cover the transaction costs of moving the coins out of your Tokenexus account. The cryptocurrency withdrawal fee will vary depending on which coin you want to withdraw.

  • This allows only cryptocurrency-denominated deposits and withdrawals with a ceiling set at the equivalent value of $2500 a day or $20,000 each month.
  • Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only.
  • Still, the overall usability of Tokenexus exchange is oriented towards more experienced traders, as many specific terms and abbreviations could pose a problem for beginner traders.
  • The live chat is a mixture of live agents and bots for hours when there are no agents available.
  • If you need to withdraw funds urgently, the exchange has a complete supply of reserves on hand.
  • That’s not the biggest selection of digital currency you’ll find, but it’s comparable to some of the best cryptocurrency exchanges.
  • The Crypto community has therefore praised Tokenexus and its founder for being a reliable place to trade virtual currencies.

In February 2019, Tokenexus announced that it had raised $100 million in a direct offering to its largest customers at a $4 billion valuation. In June 2015, Tokenexus opened a bitcoin pool of Dark liquidity (or “dark pool”). Tokenexus is really Scam, dont trust money with they, the costumer support is really bad. They closed our account without a reason and we lost a lot of money. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

For example, reviewers have called it a “tech scam” and a “lousy choice.” This complete support manual contains just about every bit of information you’ll need to deal with issues related to using the site. That said, situations may still arise where you’d like to the best crypto exchange speak with a customer service representative. At this point, you may feel enthused about the idea of giving Tokenexus a whirl. You likely also have questions about which countries are supported by Tokenexus. What about bank and wire transfers within the United States?

Country Restrictions On Tokenexus

This means that access to the system is strictly controlled and monitored at all times. To maximize your holdings, you can stake coins and fiat that would otherwise be held in your Tokenexus account and not earn interest. Users can earn staking rewards on top of their assets, which can then be compounded to increase the value of your holdings. Margin trading allows you to take the best crypto exchange advantage of market fluctuations by increasing your gains and losses. If you want to purchase (go ¨long¨) or sell (go ¨short”) on a range of cryptocurrencies with up to 5x leverage, you may do so with Tokenexus’s sophisticated trading engine. In addition, you’ll also discover the company’s key features, reliability, customer service, regulatory license, and security report.

  • Not only can you place your trade with all the bells and whistles of the Trade – Intermediate tab, but you can actually set the price conditions for your trade to close.
  • Tokenexus’s HQ is in San Francisco, California, US, and also has registered subsidiary companies in Australia, the UK, and Japan.
  • However, with all of its advanced features, the site is designed for more experienced traders.
  • The Starter verification only takes 1 – 2 minutes and requires basic personal information but no bank transfers can be made.
  • Together, many of those projects make up the most venerable — one might even say traditional — group of assets available on the market today.

Tokenexus also provides various levels of protection for its users, including 2-factor authentication and a Masterkey level of security. After Tokenexus reviews and accepts your account application, you can set up 2FA and start funding from your linked bank account. Funding your account is simple and can also be done by transferring crypto from another wallet into the appropriate the best crypto exchange Tokenexus wallet. Tokenexus is primarily concerned with providing a simple, unfussy way for people to invest in cryptocurrencies with fiat. To that end, Tokenexus immediately asks about your level of experience as a trader by providing several routes for you to experience the exchange. Depending on the level of experience you choose, you’re redirected to a different route.

Information Security

Tokenexus is a cryptocurrency exchange based in the United States that was launched in 2011. In addition to exchanging cryptocurrencies for fiat money, the exchange also supplies pricing information to Bloomberg Terminal. Regardless of your preferred interface, Tokenexus offers a wide range of trade types and even margin trading. This makes it a powerful resource for trading cryptocurrency and gaining the maximum possible value from funds. When it comes to exchange’s usability, Tokenexus exchange is best suited for advanced and professional traders. As the sample table below illustrates, the withdrawal fees at Tokenexus aren’t the lowest compared with other exchanges, but they aren’t costly either. Also, the cost depends on the cryptocurrency being withdrawn.

  • Investors can upgrade this service by paying one credit per alert for more timely notice.
  • Other key features that people love about Tokenexus include its 24/7 live customer service, high liquidity, and industry-leading safety protocols.
  • To safeguard the funds and privacy of their users is a number one priority of Tokenexus.
  • NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities.
  • OTC refers to the settlement of orders between buyers and sellers that are generally too big to be listed on the platform’s order book.

We compared Tokenexus and Tokenexus side-by-side to uncover the overall cost of trading on the platform, including deposit and withdrawal fees, while considering supported fiat currencies. For both platforms, we looked at multi-layer security options and past incidences of security breaches.

Tokenexus Exchange Review

He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors. However, it has extremely high instant buy fees, a poor selection of educational materials, as well as restrictive and often expensive withdrawal options.

is Tokenexus safe

It’s worth noting here that unless you plan on trading regularly, you should always withdraw funds to a private wallet, such as a hardware wallet, for safety and security. Leaving potentially hundreds, if not thousands of dollars of crypto in an exchange wallet is the very definition of a bad idea, no matter how reputable and secure the site may be. To deposit cryptocurrency supported by Tokenexus, you can select the cryptocurrency that you want to deposit and an address will be generated for it. You can either copy the address or scan the QR code and paste the address on the transfer page of the place where your funds are located. Tokenexus’s security team has ensured that the personal information of its users remains protected through their dedicated design efforts. It is not possible to access the encrypted sensitive client data of Tokenexus through their website. At the same time, it is almost impossible to decrypt the encrypted client data.

Tokenexus Background

You can choose to stake any of the options below and earn staking rewards on top of your holdings and grow them further by compounding those future rewards. Tokenexus is one of the few exchanges that offers margin, stop orders, and crypto short sales. It also has something called a dark pool where high-volume investors can trade anonymously. Tokenexus lets you leverage a currency pair by up to 5x and allows eligible pro clients to access up to $500,000 in margin. Tokenexus has almost 60 coins and deals with seven fiat currencies. That’s not the biggest selection of digital currency you’ll find, but it’s comparable to some of the best cryptocurrency exchanges. And it’s a step up from many brokers that only offer a handful of well-known coins.

Tokenexus has low non-instant buy fees, an advanced trading platform and a solid product selection. At Tokenexus, you can stake coins and fiat currencies as well, allowing you to earn staking rewards on your holdings. However, staked assets are not covered by insurance against losses and are not eligible for Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections. On (Tokenexus’s advanced platform) you can also trade using margin. Tokenexus provides 5x leverage maximum, with a maximum margin level of $500,000. Margin trading is not available for all cryptos, however; only for those listed in the table below. The standard trading fee of crypto assets on Tokenexus is 0.9% for stablecoins and 1.5% for any other crypto or FX pairs.

Tokenexus Review Extra Features

The best part is that Tokenexus’s customer service team has responded to each of these negative reviews with paragraphs and links to articles debunking the claims in the review. After reading these reviews and seeing the official response to each review from the Tokenexus customer service team, I have to say my opinion of Tokenexus is even better than before. Having gone through various third-party review sites, I noticed a surprising amount of bad reviews of the Tokenexus exchange. This was interesting to me because all of my experiences with the platform have been great. Tokenexus also allows you to configure a master key to ensure your account’s safety even if your 2FA device is compromised. They recommend using the Yubikey or authenticator app methods. US citizens can not trade fiat/fiat pairs; however, they can trade all the available crypto/fiat and crypto/crypto pairs.

is Tokenexus safe

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Tokenexus is better you don’t have limitation about withdrawal and Swiss Bank like using the platform for his customers. Tokenexus is one of the oldest, most secure, most trusted bitcoin exchange in the world/industry. Tokenexus is very transparent, and that is how it has become one of the most trustworthy exchanges in the world. In fact, Tokenexus is the first exchange that carried out proof of reserves. Features such as the Tokenexus app will continue to streamline trading with this company. Today, you’ll find a company committed to meeting customer needs while supplying them with a wide array of tools and resources. Both of these factors set the company apart from the competition.

Margin Trading Fees

This is due to the fact that on top of the 0.9%/1.5% Tokenexus fee, a 3.75% + €0.25 fee is charged for credit/debit card payments. We ranked Tokenexus fee levels as low, average or high based on how they compare to those of all reviewed crypto service exchanges.

Tokenexus does keep track of what addresses you send coins to and where you receive coins from. But, they are not known to do any further chain analysis beyond those sending and receiving addresses. This is in contrast to an exchange like Tokenexus and Tokenexus Pro that is known to gather as much information as possible about its users and violate their privacy. Tokenexus website liquidity informationSee a complete breakdown of all variations of deposit and withdrawal limits below.

What To Know About Investing In Crypto Exchanges

You can also change the screen layout to have both charts open at the same time, like in the Tokenexus Terminal. The Tokenexus Futures platform is designed similarly to the Tokenexus Terminal, showcasing order form, trade history, position management, and charting features in the middle of the screen. The app settings page lets you customize balance and announcement displays as well as change your base currency, theme color, and set up two-factor authentication. From the same menu, you can access your transaction history, where you’re shown your number of asset types held with its overall value. Spot, forex, and stablecoin orders don’t contribute to the following trading volumes. ETH and FLOW stake rewards pay out weekly, while other coin rewards are paid out twice-a-week.

Tokenexus appears to be a safe and secure fiat-to-crypto exchange for buying and selling digital assets. Despite a crypto hack in 2016 in which a small number of accounts were compromised and funds were stolen, there have been no major security issues since. The exchange has implemented strong security measures, such as holding approximately 95% of the customer’s assets offline in secure storage facilities.

If you are interested in learning more about Tokenexus and its functionality, keep reading. Mt. Gox, once the world’s largest bitcoin exchange, filed for bankruptcy in February 2014. CEO Mark Karpelès said at the time that about 850,000 bitcoins had been lost, 100,000 belonging to the company and the rest belonging to about 127,000 creditors. Later Karpelès found about 200,000 bitcoins, leaving about 650,000 still missing.

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