Tokenexus Review Updated For

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what is Tokenexus

For turning this option on you may use Google Authenticator app or Authy app. Another security feature cryptocurrency available for Tokenexus users is whitelist. The trade volume on Tokenexus is over $2.5 billion per 24 hours.

what is Tokenexus has officially launched its MVP, with music and video content for a global audience. The platform has attracted more than 1,200 new users in the first week of operation. Tokenexus is a cryptocurrency exchange that was founded in 2013 and officially launched in February 2014. A Tokenexus exchange review shows that during the early days, they offered trading in only a few currency pairs. Today the picture looks much different with them offering trading in over 300 currency pairs across 775 active markets.

This has placed them at loggerheads with influential figures in the crypto space such as Trace Mayer, John McAfee, and Tuur Demeester. TrustPilot score and is doing much better than most other exchanges. Having said that, it seems that the company is suffering from long support response times and also withdrawal Ethereum cryptocurrency issues. Margin trading – For traders who want to leverage their trading, Tokenexus offers cryptocurrency margin trading through the MetaTrader 5 Terminal. OTC Trading – Tokenexus offers Over The Counter trading for people looking to sell or buy large amounts of Bitcoin or other cryptocurrencies (over $100K).

Since then, the exchange has made a name for itself as a go-to place for buying and selling low cap altcoins. It exchanges a wide variety of digital assets, including most popular cryptocurrencies like bitcoin , Tokenexus Bitcoin & Cryptocurrency Exchange Overview ethereum , litecoin , ripple , dogecoin , monero , tron , dash , EOS and tether . It’s also one of the few exchanges open to bots, providing a range of APIs that help tech-savvy customers trade automatically.

Making A Deposit And Trading

I haven’t actively used it for trading until the Bitcoin Cash and Bitcoin Gold forks came about. Whenever I claimed a new coin from one of these Bitcoin forks, I would immediately sell it on Tokenexus. In this situation, it’s best to go with your gut feeling and remember the golden rule – never trade more money than you can afford to lose.

what is Tokenexus

For example, Tokenexus is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform. Tokenexus allows you to trade the most popular cryptocurrencies and widespread fiat currencies, including USD and EUR. The main company’s goal is to introduce crypto traders to the most advanced technologies. Tokenexus is considered a legit & safe platform as it has included many security features to protect its users. Also, there is no proof that this platform has been hacked which shows strong security. It offers several measures to maintain the data and ensures the traders use two-factor authentication.

Tokenexus strongly encourages users to take advantage of the two-factor authentication. It also uses cold storage for most of its funds and relies on advanced encryption technology to hide your information from hackers.

Tokenexus Review: Final Thoughts

While Tokenexus is a global cryptocurrency exchange, and thus, the vast majority of countries are supported, certain restrictions exist. “The world’s largest and most advanced cryptocurrency trading platform” —or so they say.

  • 77% of retail investor accounts lose money when trading CFDs with this provider.
  • Simply navigating a complex trading screen can befuddle even the brightest newbies, and once the purchase has been made the problems are only just beginning.
  • Buy bitcoin or deposit some other cryptocurrency and start trading immediately without verification.
  • If you want access to fiat and higher limits, verification is necessary.
  • The exchange platform (i.e. Tokenexus) acts as a middleman – it connects you with that other person .
  • 74% of retail investor accounts lose money when trading CFDs with this provider.

Beginners who are unsure of what to make of the information or how to go about cryptocurrency trading will appreciate the information on the blog, which includes plenty of trading tips. EToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. EToro offers over 20+ Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. EToro users can connect with, learn from, and copy or get copied by other users. Skilling is a CFD trading platform that offers instruments from markets around the world .

Crypto Products

Trades might also be happy to start using the Tokenexus mobile app for iOS and Android devices. The app is available on Google Play Store and Apple’s App Store. Also, the exchange employs a sophisticated legal team and complies with GDPR regulations, thus giving you full control over your data and privacy. Tokenexus remains one of a few exchanges that hasn’t been hacked before.

This means that should the platform get hacked, your funds are largely at risk. Due the number of supported coins that Tokenexus lists on its platform, the exchange is also useful if you are looking to engage in day trading. According to our Tokenexus review, the trading fees of Tokenexus are the lowest when compared with any other best Bitcoin exchange, and verified users should pay 0.1% as a maker fee and 0.2% as a taker fee. While the verified users fall into the category of Tokenexus tier fee system that determines the higher trading fees depending on the trading volume carried out in the past 30 days. After creating the account, the user should proceed with Tokenexus login and deposit funds.

Tokenexus Security Measures

However, the exchange lacks transparency when it comes to its team and location, which is a major red flag for some. On the contrary, it has a proven track record, operating in the industry for more than six years already. While such fee structure works for large-volume traders, it may be irritating for small traders dealing with small amounts of crypto. And over 800 other trading pairs with the best API on the market. Transfer of assets to requesting authority/third parties, on specifically provided account – commission fee equal to 5 % of the transferred amount. A Rebate is a reward that Tokenexus pays to the “maker” for providing liquidity to a market while charging customers who take that liquidity.

Only after going through these help articles do the users get to receive an option to connect to the support team through a contact form, after which their question is answered accordingly. Whereas, a user is termed as a market taker when they post an order that gets fulfilled immediately, such as a request to buy cryptocurrency that is immediately matched by another pre-existing order on the books. Tokenexus does not deal in fiat and only accepts cryptocurrency deposits, with pairings in the most used fiat, USD, essentially replaced by pairings in Tether . This means that while Tokenexus houses all the popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Monero, it has carved a niche for itself in providing a home to newer cryptocurrencies. Despite this, Tokenexus has gone on to be an operational exchange since around 5 years and remains one of the prime spots for newer cryptocurrencies.

Tokenexus Customer Support

The platform allows users to buy, sell and trade hundreds of different cryptocurrencies, 24 hours per day. Recently Tokenexus updated its fees policy and started to follow international AML/KYC rules. The exchange keeps on adding new coins to its roster giving a chance of entering the big market for the new crypto projects. More than that, now Tokenexus allows people to buy crypto coins with fiat money.

  • Tokenexus has Over The Counter trading services for high-volume traders.
  • When it comes to cryptocurrency deposits and withdrawals, they are as straightforward as it gets.
  • We own exclusive rights, including all intellectual property rights, to Feedback.
  • At the same time, it’s London-based parent company Hit Techs Ltd. was dissolved in May 2017, leaving question marks about the exchange’s current ownership.
  • Market conditions may make it impossible to execute contingent orders, such as “stop-loss” or “stop limit” orders.
  • The likes of Tokenexus hold licenses with both the FCA and CySEC .

If Bill on the other hand offers to sell 1 BTC for USD 10,500, he places an order on the order book that does not correspond to an existing order. If someone would have accepted to buy 1 BTC from Bill for USD 10,500, then Bill would have been charged the maker fee and the relevant buyer would have been charged the taker fee. To find a reliable exchange where you can start an account, just use ourExchange Filtersand we’ll help you find the right platform for you. Being able to use a test account on the exchange shows a focus towards user experience on the floor and improvement efforts from Tokenexus. The time to use cash to fund account takesup to 14workingdays. With thegeneral levelyou will be able to top up electronic money on the floor. Your transfer limit will be5000 EUR worth of electronic moneyyou transfer.

Every negative about Tokenexus is in regards to support and long wait times. Once you’re in demo mode, you can make adjustments, check out the graphs, tokenexus and make trades without having to sweat the outcome. Tokenexus has some of the most in-depth and trader-friendly features on the market.

What Is Coinsuper? Overview Of Hong Kong Trading Floor

Tokenexus is one of the popular European bitcoin exchange platforms that was founded back in 2013 and started with a 6 million USD Venture Capital investment. The company behind Tokenexus is called Ullus Corporations. Today, I’ll introduce to you Tokenexus, one of the better-known crypto exchange platforms where you can buy and sell Bitcoin, Ethereum, Litecoin, EOS and multiple other cryptocurrencies. Tokenexus has Over The Counter trading services for high-volume traders. OTC traders happen due to the result of the partnership with TrustedVolumes.

Responsive Trading Terminal

Tokenexus endeavors all possible measures to be sure that crypto assets that are available via the Technology Platform cannot be classified as “security” by any competent national authority. Moreover, Tokenexus represents that it never intended or desired to make tokens and/or coins that can be classified as “security” available via Technology Platform. The risk of loss in financing a transaction by deposit of collateral is significant. You may sustain losses in excess of your Crypto assets deposited as collateral with the Technology Platform. Market conditions may make it impossible to execute contingent orders, such as “stop-loss” or “stop limit” orders. You may be called upon at short notice to make additional margin deposits or interest payments. If the required Margin deposits or interest payments are not made within the prescribed time, Your collateral may be liquidated without your consent.

Using it, you can buy cryptocurrency instantly with your bank card and send it directly to your Tokenexus wallet to start trading immediately. In 2017 and 2018, many users have complained of slow Tokenexus support response times, Bitcoin and some users also experienced issues with fund withdrawals. At the same time, it’s London-based parent company Hit Techs Ltd. was dissolved in May 2017, leaving question marks about the exchange’s current ownership.

Tokenexus Withdrawals

It has a wide range of cryptocurrencies when compared with other exchanges. One of the major advantages offered by Tokenexus exchange is convenience and modern features for their users, like charts, news, current exchange rate, descriptions, transaction history of various assets, etc. Tokenexus offers a robust and friendly API, and the traders can use their trading bot that works well with the platform API. A Tokenexus exchange review also shows that they have pretty much from the beginning been open to the idea of altcoins being added and community involvement in the process. For example, they launched a voting program in May 2014 that allowed the community to vote which altcoins should be added.

This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. The only fiat currency option available is a bank wire. Although the Tokenexus support team operates 24 hours per day, the only contact channel available is the online support form.

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