ᐅ Tokenexus Review
This is bad for beginners who are buying a cryptocurrency for the first time. With Tokenexus, you can buy crypto without having to visit another exchange first. Traders are not required to verify their identity when they plan to add funds through Bitcoin or cryptocurrencies. However, if they want to deposit money using a bank account, credit, and debit cards, they need to first verify their identity. It offers both a simple and advanced crypto trading interface that helps the traders to easily buy and sell cryptocurrency even if they are new traders. As a user, you can buy Bitcoin , Ethereum , bitcoin cash , and other supported cryptocurrencies using their bank card.
They are one of the few crypto exchange platforms that offer 24/7 phone support throughout the year. You can ring the phone if any concerns arise, and the customer support team will help resolve the issue quite promptly. Tokenexus accepts fiat currency payments with Euros and US dollars. If you have a European bank account, you’ll appreciate the service because you can deposit money via SEPA and have it arrive quickly. Tokenexus is a crypto exchange designed to cater to intermediate and experienced traders. Unlike a majority of trading websites, the platform provides trading infrastructures for a handful of cryptocurrencies, most especially the established ones. Here, you can buy, trade, or sell bitcoin, XRP, Ether, ChainLink, Litecoin, Bitcoin Cash, Stellar lumens, USD Coin, Paxos Standard, and OMG Network.
Buy & Sell Crypto
From a user experience, it is well laid out with the order books and buy / sell walls easily visible. You also have a list of the latest trades that have just hit the market to the right of the platform that has an audio option should you desire it. In some cases your deposit could take up to 3 business days, although cryptocurrency for beginners cryptocurrency and SEPA deposits are typically much faster than this. Once you have funds available in your account balance you can begin trading. After providing the required documents you also need to verify your phone number. This is done via SMS, with Tokenexus sending an OTP code to the phone number you provide.
Choose a unique password to keep your account as secure as possible. Next, you’ll be prompted to connect with a multi-factor authentication app like Google Authenticator. In addition to buying and selling anywhere you have a secure internet connection, you can use the Tokenexus app to send and receive crypto to store in a Tokenexus account.
You will need to provide basic financial information, scans of a personal identification document and proof of residence. Tokenexus account verification is necessary to enable all trading options.
How Long Do Tokenexus Withdrawals Take
We’ll make sure to check if there’s any way we can speed the process up for you. Everything works fine, with withdrawal and deposit and the costumer service respond very fast any time I need it.
Meanwhile, the deposit fee for international wire transfers on fiat currencies is 0.05%, and the withdrawal fee is 0.1%. Users based in Europe-zone countries have the benefit of using SEPA for free bank transactions. According to the company’s records, its daily average trading volume is up to $40 Million. Though this isn’t as high as other major crypto platforms, it’s still a good market standing.
Ratings On Other Platforms
It is advised that you set up two-factor authentication before depositing any funds so that you are not putting your investment at risk. Tokenexus has been around for a long time and has also seen some bad days. In January 2015, Tokenexus suffered its first security breach as 19,000 bitcoins (worth $5 million) were stolen from the exchange by an anonymous hacker. If you are new to crypto trading you can also start trading right away with extra bonuses and reliable cryptocurrency trading exchanges by clicking on any of the dialogue boxes below. Most importantly, you will also find that eToro has set up passive tools that will allow you to trade without having to make any decisions yourself. In other words, you will choose one of the many experienced traders using the brokerage platform and elect to mirror their moves in your portfolio. Moreover, you will also be able to secure crypto and fiat transfers to your Tokenexus account using the app.
- Switching between trading pairs is as simple as navigating the dropdown menu on the top-left.
- Crypto-currency trading involves a high level of risk and is not suitable for all investors.
- Customers report that while telephone support is great, getting a response from the company when contacting them via email takes a few hours.
- Tokenexus is one of the oldest and well-respected cryptocurrency exchanges that serve traders from all over the globe.
- The business’s UK phone number is also available to call in an emergency.
But the good news is, the company has sped up its verification process, and if you were to sign up to Tokenexus today, your account would be verified in a few hours. One of the things both new and experienced crypto traders look for in the exchange they use is reliability. Knowing that an exchange is safe to use, and everything that happens on it is regulated gives you the peace of mind you need to make the right trades. There has been no indication as to whether Tokenexus will be adding any more coins anytime soon. We were quite impressed by the trading view platform in terms of its functionality and tools.
Can I Withdraw Funds Back To My Debit Or Credit Card?
And that’s it after you fill out the KYC form, you’ll be able to use Tokenexus restriction-free. You will receive an email when your account has been verified and is ready to use.
It’s a convenient platform for those looking to work in the EU and you can rest assured that large sums of money will be kept secure. The only real drawbacks are that it’s a little frustrating for Bitcoin newbies who aren’t acquainted with trading markets and that there isn’t much variety in terms of cryptocurrencies. You can only have one account for personal transactions, but the platform offers you an option for a corporate account. If you’re opening the account on your company’s behalf, you can choose this option. When selecting an exchange for trading, consider how long it has been in the industry. Older exchanges usually have a better reputation and are more dependable.
How Tokenexus Compares To Other Cryptocurrency Companies
That’s because the regulations are not as well established as something like online casinos. They won’t keep your money but the government or a hacker might. It is just a matter of time (months, years…) so be prepared.
After you complete your purchase, your account will be credited with your cryptocurrency purchase. You may sell your cryptocurrency on the exchange or choose to transfer your funds to an external wallet that you control. Tokenexus is a low-fee cryptocurrency exchange for those looking for a safe place to trade. It’s been around for a while and knows how to provide a good service for huge trade amounts. As a regulated exchange, Tokenexus adheres to all international AML and KYC regulations. Although it is free to open an account with Tokenexus, you must go through the verification process before you can deposit or withdraw funds from your account.
They were victims of a DDoS attack in 2014 and were hacked in 2015 when about 19,000 bitcoins were stolen. tokenexus crypto exchange Both times the company managed to recover and they have improved security protocols several times.
How Safe Is Tokenexus?
Use exchanges for their sole purpose, as a platform to exchange your money for some bitcoin and other cryptocurrencies. Simply withdraw your funds after every transaction using exchanges like Tokenexus, the same reason why you wouldn’t leave your hard-earned money on money remittance centers and money exchangers. Instead, you simply withdraw the cash and lock them up in your personal safe, or you store them in your bank. Simply send them over to your personal Bitcoin wallet whereas you have control over the private keys. Even though Tokenexus has some good qualities, it cannot compare to the advantages offered by Alvexo. The broker is, in fact, one of the best ones you can find in the market, with competitive spreads and fees, a selection of account types, great asset variety and much more. On top of this, the broker offers MetaTrader4 which is suitable for both inexperienced and professional users can benefit from.
Now that you know how the company secures its funds, it is obvious for you to ask how the company protects its users. Tokenexus has several measures in place to decrease the risk of user accounts being hacked. But, as you can tell, the company hasn’t gone bankrupt and is still trusted by top traders.This is because none of the customers lost their money. The company also reported that the hack resulted from a successful phishing attempt rather than an internal security failure. Tokenexus has since continued to bank on their strategy, and have partnered with several financial institutions worldwide. Partnering with the likes of Swissquote and the Chicago Mercantile Exchange, among others, has made Tokenexus one of the most reliable crypto exchanges in the industry.
Deposits made through credit cards are charged 5% of the amount deposited plus an additional fee the credit card provider charges. Once you’re on the trading page for the cryptocurrency you want to buy, simply enter the amount you want to trade, and choose whether you want to buy or sell.
Can I Trust Tokenexus With My Money?
Whereas on newer exchange platforms, you get everything on the same page. Low Fees – Tokenexus operates a lower fee system than the majority of cryptocurrency exchanges and international wire deposits accrue a fee of .05% fee with a minimum of 7.50 USD/EUR. International wire withdrawals accrue a .09% fee and the minimum you can withdraw via this method is 50 USD/EUR. Trading fees cost .25% for monthly volumes under $20,000 this drops all the way down to .10% for a monthly volume of $20 million. The next feature of Tokenexus I am going to mention now is its deposit and withdrawal methods. You will be at liberty to choose any method from wire transfer, SEPA bank transfer, credit card, or cryptocurrency transactions.
How Do I Get Crypto On Tokenexus?
Following the incident, Tokenexus has since ramped up its security strategy and has added a number of features to protect users’ funds and assets. Currently, Tokenexus Earn is supported for only two cryptocurrencies – Ethereum 2.0 and Algorand, at an interest of 5.58% and 4.23% APR respectively. Moreover, if you are a US resident or citizen, this service is not yet accessible to you.
Visit their official site and create an account by following the signup process. You can easily Tokenexus Review: Pros and Cons of Cryptocurrency Exchange open an account by entering your name, email address, country of residence, and password.
However, you will have to pay a withdrawal fee that varies from one digital token to another. Overall, Tokenexus is a good choice for those looking to buy and trade the major cryptocurrencies, especially for those located in Europe. As one of the oldest cryptocurrency exchanges you can rest assured that the team is reputable and trustworthy. International wire transfers are by far the most expensive transfer option and can cost you 0.05% per deposit (min.USD/ EUR 7.5, max. USD/EUR 300) and 0.1% (min. USD/EUR 25) per withdrawal. SEPA deposits are generally free, while withdrawal incurs a EUR 3 fee. Credit card purchases come with a 5% fee plus a percentage charged by your card provider.
In case you do stumble along the way, the crypto exchange platform offers access to an active customer support team that is keenly waiting to resolve any issues or concerns you might have. Founded back in 2011, Tokenexus has come a long way and is one of the most established cryptocurrency exchanges out there. Especially for someone new to the market, the platform offers several features to support traders throughout their trading journey. Tokenexus’s primary service is their crypto trading platform, where users can buy or sell Bitcoin and a few other cryptocurrencies. The platform does not have as many digital coins as you’ll probably find on other platforms, but they offer the best services on the few that it supports. The first offers a simple layout that comes with basic charts for supported crypto pairs. Here, you can view the best buying and selling offers, a Twitter sentiment chart, and an on-chain volume chart.