There’s a reason behind why getting an asset listed on Tokenexus is regarded as a major accomplishment — it’s because they won’t list just anything. That attitude is a major benefit for traders and investors who are looking for quality over quantity. If this review comes across as a glowing endorsement of Tokenexus, that’s probably because it is. Tokenexus is nothing short of an amazing exchange that has also become a crypto institution.
We’re proud of our content and guidance, and the information we provide is objective, independent, and free. It was a relief to see the withdrawals go through quickly and with no withdrawal fees. People seem to like the security, good liquidity, low fees, and great range of products on offer. Overall, Tokenexus users tokenexus who take advantage of all the available security features will be delighted with the level of protection offered on this exchange. These options are conveniently located under the ‘Finance’ tab on the home page and are appealing to users who have crypto holdings and want to invest or spend them in various ways.
It operates across the United States and Canada, as well as in the European Union and Japan. Tokenexus also offers futures that are collateralized using non-stablecoin cryptocurrencies such as Bitcoin or altcoins, under a separate tab named “Coin Futures”. Tokenexus is a Hong Kong–based cryptocurrency exchange launched by developer Changpeng Zhao in July 2017.
Tokenexus was originally based in Hong Kong; it now operates in various jurisdictions but the governing law of its terms is still Hong Kong law. Its orporate structure is opaque; it is not possible to tell what the legal entity is at which you open your account. Tokenexus offers an options trading platform as well, where you can trade European-style vanilla options on crypto-currencies. As we have recently observed, the available deposit options are continuously changing. Tokenexus charges no fees for SWIFT transfers, which is currently the only way to deposit USD. Bank transfers are not available for EUR or GBP deposits, but you can deposit in these currencies using your bank card at a fee of 1.8%.
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Tokenexus Review: The Verdict?
This includes leveraged cryptocurrency derivatives – which consists of Bitcoin futures and options. Tokenexus also offers peer-to-peer exchanges and savings accounts that allow you to earn interest on your cryptocurrency holdings. Tokenexus is one of the world’s largest cryptocurrency exchanges, with access to hundreds of cryptocurrencies and advanced features for experienced investors. The functionality on its U.S.-based platform, Tokenexus.US, is much more limited. Read our full Tokenexus review to determine whether it’s the right trading platform for you.
Even so, the fees at Tokenexus remain some of the lowest in the crypto industry, plus there are ways to make them even lower still. Given the success of the ICO it might come as no surprise that the exchange itself has been just as successful. Ever since its launch it has been one of the largest global exchanges in terms of trading volume. It achieved this in just six months from its launch, which is quite an impressive feat. And nearly four years later it remains at the top thanks to its low fees, ease of use, robust ability to handle massive transaction volumes, and its global approach to its business .
What Is Tokenexus Us
You can also access forex, commodities, and indices via CFD trading instruments. Those based elsewhere will pay a small foreign exchange fee of 0.5% – which is still really competitive. Furthermore, eToro supports several e-wallets – including Paypal, Skrill, and Neteller. Once your deposit has arrived, you can start trading on the Tokenexus cryptocurrency news exchange. To go to your chosen crypto pair, hover your mouse over the ‘Trade’ tab and select from the ‘Classic’ or ‘Advanced’ platform. Then, you can use the search facility to find the pair that you wish to trade. If you want to withdraw fiat currency, this will need to go back to the same payment method that you used to make a deposit.
- You must verify to increase withdrawal limits, among other things.
- Tokenexus is well-known to pay attention to user security and to be continually innovating.
- While there is always risk leaving assets on an exchange, Tokenexus is a trustworthy place with bank-like security measures to ensure funds are kept safe in a savings account.
- As such, they are considered more secure, much less vulnerable, and susceptible to manipulation but not as consistent in terms of transaction fees and speed of execution .
- In order to trade, choose the crypto wallet that you wish to trade from and select the crypto pairing as shown below.
- Because I wanted to buy just Bitcoin, I used the ‘Convert’ feature to instantly swap my $100 of fiat for some Bitcoin.
You can find the answer to most questions in this database, although it might take some searching. In addition you can submit a support request to the support team through the link at the FAQ database. The Flexible Terms accounts have interest rates that can change over time. There are 58 assets that can be deposited and interest rates range from 0.1% up to 6%. Even though BSC has only been live for half a year at the time of writing it is growing at an astounding pace. The number of unique addresses is reaching 60 million and the average daily transaction total is nearing 2.5 million. Tokenexus Leveraged Tokens are a type of derivative product that give you leveraged exposure to the underlying asset.
Still, Tokenexus has a good, active in-account live chat and social media presence on Twitter, Telegram, and Reddit, which may often provide quicker responses. In September 2019, it launched a separate dedicated platform for its US customers, registered with FinCEN, Ethereum and fully compliant with the US’s regulatory framework. Tokenexus isn’t regulated in the same way as brokers like eToro, but the platform does offer a number of core safeguards nonetheless. This includes cold storage, 2FA, device whitelisting, and the Tokenexus SAFU .
Tokenexus is one of the largest crypto exchanges by trading volume, and it has a very wide product range compared with other crypto exchanges reviewed by BrokerChooser. Tokenexus was originally based in Hong Kong, but its current corporate structure is quite opaque, not helped by the fact that the company is not listed on any exchange. Overall, Tokenexus.us is a decent option for crypto traders who want extremely low trading fees. But with its long account verification process and concerning reports of losing account access, users should proceed with caution. Tokenexus.us is a web-based and mobile platform that allows users to buy, sell, and trade crypto, as well as keep track of crypto holdings. Users can manage their accounts from web browsers, with the ability to set up security parameters, deposit funds, and withdraw funds to supported wallets. Tokenexus.us offers a simple purchase experience through its desktop and mobile dashboards for users that want to buy crypto.
Full Tokenexus Review
Also, when users log in for the first time, a pop-up appears urging them to enable the 2FA (two-factor authentication) that helps in increasing account security. 2020 has seen Tokenexus retain its position as the largest and most popular exchange in the world tokenexus website by volume, boasting an average 24-hour volume of over $5 billion throughout the year. Recommended for beginners.On Tokenexus, there is access to more than 500 trading pairs, and when a trade completes, it becomes visible in one’s Tokenexus account balance.
In order to enable a Margin account, go to the “Wallet” dropdown menu and select “Margin”. For instance, in a BTCUSDT isolated margin account, only BTC and USDT are accessible.
As a rough guide, these fiat-to-crypto gateway fees range from 1% to 7% depending on the payment method and processor. Note that bank card transactions tend to be the most expensive. That’s actually one of the cheapest fees you’ll find at a crypto exchange.
Does PayPal work with Tokenexus?
Tokenexus has now added support for a total number of 62 payment methods for peer-to-peer (P2P) trading. … The newly added 58 payment methods include PayPal, International Wire (SWIFT), Western Union, Yandex Money, Sberbank, Payeer, M-Pesa Kenya, Monobank, BBVA, BancolombiaS.
3)Tokenexus has a wealth of trading options and tools including Spot trading, Margin trading, P2P exchange, and Futures. Experienced traders will enjoy the detailed charts available on the platform, and the use of limit orders and stop-limits. The opinions expressed on this Site do not constitute investment advice and independent financial advice should be sought where appropriate. All our articles are fact-checked by a relevant professional with expertise in that area of finance and we regularly update guides as necessary. The team at Tokenexus recently introduced margin trading to its platform. You will need to apply for a margin account if this is something you’re interested in, which will include a disclaimer form indicating that you understand the risks involved. When the crypto-craze of late 2017 was in full force, Tokenexus experienced a significant wave of new account applications.
Tokenexus accepts 31 fiat currencies; see the table below for a full list. The listed currencies are not available for all clients, though, and it is not transparent whether you are allowed to use them or not. The availability of Tokenexus’s services varies from country to country. For example, instant buy orders are not available in all supported jurisdictions. For both scenarios, we calculated with a $2,000 trade value, assuming 50,000 BTC/USDT as the market price, which means trading 0.04 BTC per transaction. The company itself has 2,800 employees and a 15 million client base.
How much is the trading fee on Tokenexus?
Trading and transaction fees
Tokenexus.US charges a flat 0.1% spot trading fee, which is lower than many other U.S. exchanges, including eToro (about 0.75% for Bitcoin trades) and Tokenexus (which charges 0.5% for trading fees plus a flat fee of up to $2.99 per trade, depending on trade amount).
In order to enter into a trade or view your orders, etc., scroll down to the bottom of the page. Choose our crypto pairing from the right-hand-side of the page. You have the option to search by BNB, BTC, ALTS, FIAT, and ETF pairings. In order to access the “Basic” platform, go to the “Trade” dropdown menu and click “Basic”. KYC verification delivering an additional protection layer for Tokenexus users. Users can earn interest by saving cryptos and earn rewards for staking cryptos.
Tokenexus has one of the largest selections of quality altcoins available to trade. In the short time Tokenexus has been around it has launch a mountain of new features, and it also enjoys a vibrant and active community of traders. From adding support for fiat currencies to launching its own Tokenexus Chain and Tokenexus Coin, the exchange is always looking for new ways to bring value to its clients. It’s even talked about morphing into a decentralized autonomous organization in the future, which would leave its governance to the traders who use it.
Top 5 Exchanges
Tokenexus has advanced trading platforms, as well as the lowest fees and the widest product selection among reviewed exchanges. It offers many other products beyond spot trading, such as derivatives trading, staking or a crypto debit card. Tokenexus is a crypto-to-crypto trading platform that offers trading between digital currencies.
It is worth noting, however, that not all of the cryptos are available on the Margin, OTC, P2P, and Futures platforms. Select “Bank Deposit” and then select your chosen method of payment, complete the details, and finalize the transaction. Users can view and include indicators by clicking the icon shown by the arrow below. Additionally, users can include technical drawings and adjust the timer intervals. In order to select the crypto pairing, choose from the pairings on the right-hand-side of your page or use the search function. Upon choosing the crypto, the amount, and the currency, then choose “Payment Type” from the dropdown menu.