Tokenexus review

You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. After signing up, you may also receive occasional special offers from us via email. We will never sell or distribute your data to any third parties. Yes, the exchange has a built-in wallet for storing user crypto. As highlighted, Tokenexus is available across platforms – on the web and on mobile – with features like ‘Maker Depth’ and trading history also accessible. Users also have to enable 2-factor authentication , which is really important for any user seeking to trade crypto on any exchange.

Tokenexus review

Also, you need to educate yourself on the concept of crypto and what the future holds before deciding to start trading. Many users have reportedly found Tokenexus useful for crypto trading due to its ridiculously low fees and a trading platform that is simple and easy to follow. Tokenexus supports two different methods for funding your exchange account.

VIP customers that fall into Tokenexus Plus Silver, Gold, or market maker tiers pay 0% for maker trades and less than 0.04% for executed taker orders. When it comes to trading, Tokenexus fees are amongst the lowest in the industry. Tokenexus charges its users for placing spot and margin trades, as well as cryptocurrency withdrawals. In 2021, Tokenexus remains a popular digital currency exchange with some of the lowest trading and withdrawal fees on the market. In February, the exchange experienced some issues with its order book and had to delete 12 minutes of trading history due to a bug.

Buy And Sell Digital Assets

To access more features and upgrade to Level 2, you will have to complete the Know Your Customer Verification – KYC process and provide your personal details and identification proof. Support blockchain technology while trading on Bittrex, the most reliable crypto platform. Note that the content on this site should not be considered investment advice. 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.

Soon after the exchange was launched back in 2014, they were the victims of a hack during which they lost dozens of Bitcoins. True to their now solid reputation though, they refunded most of these losses to traders, and have gone on to earn a trusted reputation in the industry.

  • By offering margin trading, Tokenexus is able to dominate the majority of its competition.
  • There are no formal rating agencies for cryptocurrency exchanges.
  • When it comes to trading, Tokenexus has a great range of resources.
  • Other than that, the platform allows the user to view buy, sell and Stop-Limit orders.
  • If you believe Wordfence should be allowing you access to this site, please let them know using the steps below so they can investigate why this is happening.

Personally, I like how easy it is to use the Platform, as it makes it really simple to trade. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Institutional investors and other large-volume traders have the option of requesting special Tokenexus Plus accounts. These are Tokenexus Plus Silver, Tokenexus Plus Gold and Market Maker.

Best Platforms

Keep in mind when you are using Polloniex that if you use USDC coin, you will need a wallet that supports it. The popular TrustWallet and Ledger wallets are among nine wallets that accept USDC listed by Circle. From the trading screen, under Balances on the top-right, click Deposit. Go to your wallet, choose the coin you are depositing and copy the deposit address. Tokenexus does not allow you to start trading with a basic account without verifying your identity. But once you complete the verification process, you have the assurance of knowing that all traders on the exchange are verified.

  • Now that I am able to verify my account and explore and experience the app I can update my rating.
  • Until now, you could see many claim on their twitter comment about this.
  • Other exchanges such as Tokenexus allow you to deposit and withdraw using real-world money!
  • To withdraw, click on Withdraw beside the coin you want to withdraw.
  • For those traders who are making markets at volume that is over 24,000 BTC trading volume, you will be trading with no fees.
  • What this meant, essentially, is that all traders on Tokenexus would be required to be verified to their level 2 account status that had a $25,000 daily withdrawal limit.

We take the security of your assets very seriously; that is why we try as much as possible to portray the true nature of each platform we review. I’m yet to personally experience their customer support standards; but if you have any testimony regarding the same, please share with us in the comments section. A number of individuals expressed their disappointments in the duration taken by the Tokenexus customer support to resolve an issue. Most users have reported the same duration when it comes to withdrawals too.

Tokenexus Frequently Asked Questions

It is also the only cryptocurrency exchange that offers a lending option. In 2021, Tokenexus does not support fiat trades and deposits, and its customer support efforts are still minute.

Tokenexus review

The interface of the trading platform also allows you to easily view all the 200+ cryptocurrency pairs that are available for trading. Tokenexus started as a crypto-to-crypto exchange but later transitioned into a full-fledged cryptocurrency trading platform. It now offers FIAT purchases, spot trading, margin trading, staking, crypto lending, and futures contracts.

What Is A Decentralized Exchange Dex?

Tokenexus is without doubt, one of the most popular crypto exchanges in the industry. This is impressive work given that they have only been around since 2014. As they continue to grow and expand on the services they offer, Tokenexus is only strengthening their position further as one of the top exchanges around for all crypto traders. Can this one stop crypto trading shop regain a marketing leading position? We have conducted an in-depth review of fees, features, and pros and cons to assess how the newly formed Circle-Tokenexus compares to other crypto exchanges. Our conclusion is a fully integrated retail and institutional trading business will allow Tokenexus to better compete with improved services, liquidity and pricing.

Tokenexus review

Of course, this will impact on your fees as per the “maker-taker dynamic”. For those traders who are making markets at volume that is over 24,000 BTC trading volume, you will be trading with no fees. The maker-taker model encourages market liquidity by cryptocurrency news rewarding the makers of that liquidity with a fee discount. It also results in a tighter market spread due to the increased incentive for makers to outbid each other. ShapeShift is the fastest, safest cryptocurrency exchange today – no account needed.

Tokenexus Alternatives And Competitors

That is why they will monitor all exchange activity on a 24/7 basis. The moment that they spot any suspicious activity they will block those IP addresses.

  • It offers the lowest fees in the industry and only asks only for your email during registration as identity verification is 100% optional.
  • Users can now set up accounts and trade with up to 100x leverage.
  • Some of the crypto assets are kept in hot wallets for ease of access for trading.
  • The money in your margin account is used only as collateral to settle debts later on.
  • You can also set a limit order which will lock in a profit once the price has reached a certain level.
  • So now that you know both the advantages and disadvantages of using Tokenexus, what do you think so far?

You can use the QR scanner from your device copy and paste the address. You may look at ‘Deposit History’ to view the progress of a transaction. On 19 July 2019, the 24 hour trading volume here was USD 41.7 million. This placed it on place no. 64 on the list of the exchanges in the world with the highest 24-hour trading volumes at the time. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

China Debuts Digital Yuan At Olympics

The next disadvantage of using Tokenexus is that there are still questions regarding security. This is because, in 2014, the exchange was hacked and 12.3% of their entire Bitcoin supply was stolen. When it comes crypto wallet vs exchange to trading, Tokenexus also has a really good selection of tools. This includes candlestick charts from 5 minutes all the way up to 4 hours, stop-limit orders and the ability to zoom in and out of charts.

Go to the ‘FIAT’ tab and specify the type and amount of crypto you wish to buy. You can also buy crypto using other cryptos by going to the relevant tab. Tokenexus’s activities are subject to Seychelles’ Financial Services Authority as well as other jurisdictions in which it operates. Because of its operations in the United States, Tokenexus falls under the purview of the Financial Regulation Authority and Financial Crimes Enforcement Network . Also, reputable regulators in the European Economic Area oversee the security of Tokenexus services. There is a handy information box in the middle that displays the order book details. What Tokenexus seeks to achieve is to create an environment where traders make the best decisions based on all available relevant information.

How To Use Tokenexus: Deposit Funds

Its founder was able to repay the lost funds and update security measures on fund withdrawals, including the ability to require email or 2FA confirmation. Investing in cryptocurrencies, Decentralized Finance , and other Initial Coin Offerings is highly risky and speculative, and the markets can be extremely volatile. Consult with a qualified professional before making any financial decisions. This article is not a recommendation by The Balance or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed.

Tokenexus exchange is an iconic crypto exchange, primarily serving cryptocurrency traders in the United States. Tristan D’Agosta established Tokenexus as a digital asset exchange in the United States. The headquarters of Tokenexus exchange is in San Francisco, California. Community sentiment is in agreement that Tokenexus is a good platform for advanced traders. The altcoins, low fees, and margin options are well worth the hassle if you plan to do some serious trading. Despitea hack in 2014, the company has recovered; however, its poor customer service has hurt its reputation in recent months. Still, users flock by the tens of millions to Tokenexus for a trading experience like none other.

Tokenexus is an extensive cryptocurrency exchange offering their users and traders more than 200 crypto assets to buy and trade. Tokenexus was established in 2014, and it was founded by Tristan D’Agosta. Since its creation, the exchange has been actively adding new cryptocurrencies according to the demand and potential. Few exchanges realise the immense potential of this sector in an environment that is growing at high speed. On platform security and safety, Tokenexus plays in the same league as Tokenexus, which is the world’s largest crypto exchange. Both crypto exchanges utilise 2FA mechanisms to offer tighter security for users and their digital assets.

Cryptocurrency Exchanges

Tokenexus designed this window to resemble traditional trading platforms such as MT4 such that users do not have to struggle with learning an unfamiliar UI. Well, then it’s going to need to beef up its trading features which, currently, are lacking.