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.
The Compliance Officer undertakes the annual AML audit of the company’s operations. DigiFinex trading site allows its registered users to deposit and withdraw funds using credit cards and crypto coins. Traders can deposit and withdraw money on paying specific trading fees. The complete transaction will take at least minutes and be deposited into the DigiFinex wallet. It can handle transactions in large volumes and conducts digital asset management.
- DigiFinex is a global digital asset management platform headquartered in Hong Kong, registered in Seychelles, and has offices in Singapore, Australia, China, South Korea, and Malaysia.
- DigiFinex supports more than 100 crypto coins for exchange.
- To ensure the reliability and accuracy of all accounts, the system performs constant updates for cache and redundant backups.
- The platform claims to provide a mechanism for real-time accounting and transaction processing.
- The core team, including the founder Kiana Shek, conducts its operations in Malaysia, South Korea, China, and Hong Kong.
DigiFinex argues to be a safe, secure and convenient investment channel powered by an industry-leading technology architecture that guarantees asset security and service accuracy. CoinCarp provide crypto prices ,analysis, news and charts. We try our best to be the world’s leading cryptocurrency market data provider. ROKKEX is a fully regulated crypto trading platform that combines advanced cybersecurity tools and s… Panxora frees anyone, anywhere to use their cryptocurrency to trade global markets and generate a re… Their priority is to keep customers deposits safe and to create a stable trading environment through scalable HDM wallets (offline cold and multi-layer hot wallet) and special exchange service solutions . Furthermore, they advise their customers on how to keep their funds and themselves safe.
Users need to select the Cryptocurrency, copy the unique deposit address, and transfer funds from the exchange to the wallet. The exchange platform is regulated by the Australia Regulated Digital Currency Exchange Service Provider and Monetary Authority of Singapore for secured Blockchain technology. Additionally, every trader registering with the site needs to run through the Know Your Customer and other required steps. We have received reports from several project teams that Digifinex has been listing ‘fake’ tokens that have not been issued ahead of TGE. To make a deposit, hover over the “Balance” menu tab and select “Deposit”.
What is IDEX Crypto?
IDEX is an Ethereum token that powers the IDEX decentralized exchange, which combines an order book and automated market maker (AMM). IDEX holders can stake tokens in order to help secure the protocol and earn rewards.
Global FinTech Series covers top Finance technology news, editorial insights and digital marketing trends from around the globe. Get relevant updates on modern Fintech adoption with Fintech interviews, tech articles and events. Receive the latest news about our cryptocurrency education courses, events, and guides. The trading platform of DigiFinex seems simple and pretty straightforward. However, clients need to be advised that the color-coding for the price changes is different. It is a Hong Kong-based company but has a presence in different Asian countries including Singapore. Then, the ‘clear all drawings tools’ option helps to remove all drawing lines and patterns with just one click.
How To Make A Withdrawal On Digifinex
So if you have a MasterCard or a VISA-card, you can purchase cryptocurrency also at this trading platform. In 2019, DigiFinex exchange launched DigiFinex Korea, especially for traders in South Korea to trade cryptocurrencies using South Korean won. It partnered with Simplex in the same year where users can buy Bitcoin, Litecoin, Ethereum, and other digital assets. DigiFinex exchange is a Cryptocurrency trading platform and currently has more than 4 million users globally. This digital coin trading platform offers perpetual swaps, purchasing digital coins using a credit card, and leverage trading.
The layout of the pro user interface does not have much difference. It has a drop-down menu allowing the chart size to increase. An order window comes with an option to switch between spot and margin trading along with the pre-set volume amounts on the sliders. However, traders from the US and Singapore are not allowed to trade on the website.
The purchase process is handled through Simplex which adds a fee by increasing the dollar rate at which coins are purchased. 15 coins and tokens are offered via credit card purchase, with 36 fiat currencies supported in the conversion process. After purchasing cryptocurrency through Simplex, coins will be available in the user’s trading account, which can then be traded on the exchange for other coins. DigiFinex is a world leading digital assets trading platform, focusing on cryptocurrencies like Bitcoin, Ethereum, Litecoin etc. It was founded by blockchain enthusiasts and the core team come from well-known technology companies such as Xunlei, Tencent, Baidu and HP. DIGIFINEX LIMITED is a Seychelles company headquartered in Singapore. A DigiFinex review also reveals that this relatively unknown digital asset exchange was primarily designed to serve the Asian market.
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Security of the token is assured as it is insured and has a backing of digital and world assets. The base value increases over time since the asset’s backing is held in a fund model. Furthermore, the transaction fee is taken back into the asset fund backing the currency. The token holders can earn rewards on their held coins as security to staking on Bitcoin Latinum. Electricity consumption is reduced in the process by LTNM. NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.
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Half a dozen exchanges are planning to list LTNM before the end of 2021. She expressed that DigiFinex only selects high-quality projects. DigiFinex is committed to provide blockchain users safe, secure and convenient investment channels. This exchange has a solid 24 hour trading volume, almost always exceeding USD 1 billion on a 24-hour basis. On the date of last updating this review , the 24-hour trading volume was USD 1.67 billion. All Cryptocurrency exchange coins are secured against access by a third party.
- In terms of figures, the size has grown from 100 million to 200 million users in four months.
- The listing is planned for the third week of October 2021.
- Existing users can use and share the referral link or promo code with friends and family to receive trading rewards.
- Dr. Basile is also the Chairman and CEO of Roman DBDR, a NASDAQ listed SPAC company.
- DigiFinex trading site allows its registered users to deposit and withdraw funds using credit cards and crypto coins.
- Though they are not totally without negative reports and security incidents, DigiFinex is largely considered to be a very safe and upstanding exchange.
Support was a little slow to respond to our queries, and crypto is not insured, so capital is at risk. Overall, it is an excellent platform to conduct trading on different exchange coins and native tokens. DigiFinex offers multiple trading assets, including Bitcoin, Bitcoin Cash, spot currency trading, and others. Traders can choose the one on which they are confident of getting a good return.
Digifinex Exchange Additional Information
The in-house developed security has multiple fail-safe layers, two-factor authentication, giving cryptocurrencies heavy protection. In the age of crypto trading, traders have a vast number of options to choose the platform and start trading. From native exchange tokens to the latest ones, trading platforms following regulations offer options to traders to trade without any issues. However, choosing the right trading platform and having insight into coin exchange is vital. Since there are several crypto exchange options, choosing the right one is quite a task. There is a greater plan to have the token listed on top global exchanges in the coming months.
Verification is necessary to prevent fraud and ensure community safety. In addition, after verification, users can manage transactions up to 50 BTC per day. The owner of DFT tokens can receive some percentage of each exchange.
DigiFinex has established itself as a central crypto trading exchange platform. This digital trading exchange platform uses native exchange tokens and powers of the DigiFinex Ecosystem. Traders using this website can trade spots, perpetual swaps, and buy crypto using fiat currency.
A DigiFinex exchange review reveals that the latter is a Seychelles company with headquarters in Singapore. It was founded in 2017 by Ned Kee, the existing CEO of DigiFinex. This world-class exchange forms part of the top 10 cryptocurrency exchanges by volume. It is a relatively unknown exchange, yet a serious player in the crypto space, servicing the crypto community via no less than 123 markets.
The commission for trading is a bit higher (0.2%) comparing to the one Binance has (0.1%). Currently, US residents cannot use their services or even open accounts on the platform. The company is registered in Seychelles and is operating in Hong digifinex review Kong with offices in different countries. Users can safely exchange cryptos and can even connect with the crypto community for further assistance. All digital assets in the platform are highly secured to avoid third-party access or data breach.
Is DigiFinex a big exchange?
With daily trading volume around $1 billion, DigiFinex is one of the top rated global cryptocurrency exchanges that offers spot, leverage, perpetual trading, and fiat to crypto trading. In addition, DigiFinex offers unparalleled 24/7 customer service for its user base.
A list of top cryptocurrencies on DigiFinex exchange based on the highest 24h trading volume, with their current price. A list of top markets on DigiFinex exchange based on the highest 24h trading volume, with their current price. Buy and trade Bitcoin and other cryptocurrency straight from your phone, and manage your portfolio to grow your blockchain assets. In terms of figures, the size has grown from 100 million to 200 million users in four months. According to Fundera, more people across the world are transacting using cryptocurrencies. It is easier to buy and make in-store payments with the tokens.
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Monsoon Blockchain developedBitcoin Latinumfor the Bitcoin Latinum Foundation. DigiFinex trading fee structure for makers and takers is based on a flat model of 0.20 percent, which is slightly lower than the industry average of 0.25 percent. VIP fees can go as low as 0.03 percent and are based on the trading volume of a VIP user in a 30-day period.
Spot trading in DigiFinex offers security trading for immediate delivery in the market capitalization. With this, trading traders can buy and sell foreign currency as a part of commodity purposes. The right spot trading platform like DigiFinex will get exposed to thousands of assets using derivatives like spread bets and CFDs. Currently, the platform offers 100+ major cryptocurrencies trading pairs and ten fiat currencies; traders can actively trade.
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Its users can trade using a mobile app supported by iOS and Android devices. Traders can use the app to track trade positions and crypto market prices any time and everywhere. At the heart of the DigiFinex exchange lie three main technologies – a scalable HDM wallet, smart contract service solutions, and real-time recording for users’ transactions. With the HDM wallet technology available on the platform, users can either opt for a single cold wallet or go with a multi-layer hot wallet to generate a multi-signature collection address. The feature doesn’t just meet wallet security performance, but it also satisfies added requirements pertaining to a user’s address and wallet. Bitcoin Latinum , the next generation, insured, asset-backed cryptocurrency, has officially listed on the DigiFinex exchange, opening over 200% in its first hour of trading. Bitcoin Latinum congratulates DigiFinex on a successful launch, and everyone who has supported the project.
Author: Shaurya Malwa