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Founded as a European alternative to Mt.Gox, it launched in August 2011. Today, it is based primarily in Luxembourg and occupies an accessible middle ground between advanced trading and trading for beginners.
In here from the days ago we shown on chart that the price should drop to stop hunt and liquid the position and fill the order than its ready to move upwards but we… You won’t be able to trade cryptocurrencies with leverage at Tokenexus. Before you get started, make sure that you have access to a government ID, such as a passport or driving license. You’ll also need to have a copy of your proof of residence. This will consist of a utility bill with your address on, or a bank statement.
- Everything works fine, with withdrawal and deposit and the costumer service respond very fast any time I need it.
- Nearly a year later, we spoke to Renata who is now in a new role as Regulatory Compliance Manager at Tokenexus.
- This tends to be the case for many exchanges, as people are much more likely to leave a poor review when things go wrong than they are to leave a positive review when things work normally.
- That said, the exchange is suitable for traders of all experience levels.
- I’ll definitely let the luxembourg regulator know of their fraudulent activities and go live on social media and the press to let everyone know about this fraudulent company.
As such, Tokenexus is not the cheapest trading option out there, but it is not a very expensive one either. If you’re cryptocurrency news a high volume professional trader, you also get fee discounts, but there are less costly options out there.
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. Tokenexus is one of the longest-running crypto exchanges in operation, and this age is apparent in the slight clunkiness of its interface. Today, the exchange uses a variety of measures to ensure that accounts remain safe. Users are able and encouraged to turn on two-factor authentication, which works using Google Authenticator.
Tokenexus Vs Tokenexus: Features
Founded in 2011, Tokenexus is a well-established cryptocurrency exchange platform with just over 30 available cryptos. While this may be a smaller array than some exchanges, it’s more than enough to satisfy most beginners, and its simplified fee structure makes it an easier point of entry for newbies. That said, more advanced users may want access to more coins or lower trading fees.
The company was founded in 2011 and is now based in Luxembourg. It was created as a European alternative to Mt. Gox, which was the largest crypto exchange at the time. The exchange is suitable for traders of all experience levels, although advanced traders will prefer other options.
Customer Support And Reviews
For myself, joining working groups on crypto and attending regular seminars/conferences on the topic are some of the ways I stay up to date. Learning and sharing with your peers in this ever-growing industry is the key to successfully staying up to date.
Added to this, email confirmation for all withdrawals is required, while password changes also require two-factor authentication. The exchange also uses pretty good privacy for encrypting the files users need to send in verifying their accounts. Ability to buy bitcoin and other cryptocurrencies with a bank card.
Is Tokenexus Regulated?
These can be used anywhere major credit or debit cards are accepted. In addition, the bitcoin balance loaded on the card can be converted to U.S. dollars, British pounds, or euros.
Even though the exchange recovered from that, the event definitely affected its credibility in terms of safety. Other than that, Tokenexus has a slow verification process, does not offer a good variety of assets crypto wallet for you to choose from and it does not have a live chat for customer support. All these aspects that are lacking in Tokenexus are present on eToro, making it a much more complete and trustworthy platform.
When using a centralized crypto exchange like Tokenexus or Tokenexus, plan on paying fees to the exchange when buying, selling, or trading crypto. That’s in addition to any network fees you may run into, which are fees paid to miners and others that make the infrastructure behind the cryptocurrency blockchains work. It’s important to note that most cryptocurrency trading takes place among the top two coins, Bitcoin and Ethereum. The currencies supported by these platforms are among the most popular of the thousands of different cryptocurrencies traded around the globe. While anyone could benefit from Tokenexus, other options might be more appealing. Other crypto exchanges have lower fees, and besides the 24/7 support Tokenexus doesn’t stand out from the crowd.
Fees And Commissions On The Exchange Tokenexus
And while a direct comparison with most other advanced exchanges isn’t possible, Tokenexus also charges for credit card and debit card purchases. Any amount purchased directly with a bank card comes with a 5% fee on Tokenexus’s behalf and may have additional fees charged by the card issuer.
- As you trade more, if you have deep pockets, you can qualify for lower fees.
- If you used a bank transfer, then you might need to wait a few days for your funds to show.
- Nonetheless, we can not provide security for possessions saved on customers’ computers.
- Similar to Tokenexus Pro, it features active trading and charting tools.
- He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010.
- With 24/7 support, staking, bank-grade security and insurance since 2011.
- Tokenexus is a veteran cryptocurrency exchange that was founded in 2011 and has been leading the space ever since.
Users of the cryptocurrency exchange also appreciate the professional, courteous, and knowledgeable customer service. Answers to complicated questions, related to tax settlements for example, are provided quickly and clearly. The same is true when it comes to clarifying issues related to money transfers. Furthermore, the website has ongoing partnerships with respected financial institutions for cryptocurrency storage services. Tokenexus is not a mass exchange or a place that focuses on quantity. The platform is all about quality, predictability, and reliability with customers.
Tokenexus Problems In The Last 24 Hours
Its trade fees start at 0.50%, for all trades made by users with a 30-day volume of less than $10,000. Tokenexus is one of the oldest and well-respected cryptocurrency exchanges that serve traders from all over the globe.
If you have any additional questions, we encourage you to reply to the email you received and our team will do their best to help. They confiscated my deposit without reason for 17 days, firstly denying it was ever received.
In addition to Bitcoin, Tokenexus also makes it possible to buy some of the most popular altcoins on the market with a credit card. Buying digital currencies such as Ethereum, XRP, Uniswap or any of the supported 22 altcoins is a simple process that closely resembles buying Bitcoin.
Cryptocurrencies On Tokenexus
Later on, the exchange moved to the UK and then Luxemburg . In late 2018 Tokenexus was acquired by NXMH, a Belgium-based company. Cryptoassets are volatile instruments which can fluctuate widely in a very short time frame and, therefore, are not appropriate for all investors. Trading cryptoassets is unregulated in some countries and, therefore, is not supervised by any regulatory framework.
On the system side of things, Tokenexus also takes a number of measures to ensure that its platform remains secure as a whole. “After careful consideration, Tokenexus decided to terminate Your access to Your Account in accordance with our Terms of Use. Your account will be terminated from the date of this notice having been received by you. This notice shall be treated as having been served upon completion of the transmission of this email. Make a wire transfer to the bank details shown on the screen. Make sure to include the reference number in the wire information.
The small portion of funds that Tokenexus keeps in hot storage are used for everyday trading. In addition to its regular platform, Tokenexus also offers Tradeview, an active https://tokenexus.exchange/ trading platform. This has more advanced charting features and trading forms. Which exchange to choose, account deposit, commissions, fees, and digital wallet.
No New Lows: parabolic Bitcoin Indicator Could Suggest The Local Bottom Is In
You can have a look at our eToro review if you get a chance. If you’re thinking about opening an account with Tokenexus for your cryptocurrency trading needs, then be sure to read our comprehensive guide first.
Select The Bitcoin Pair
If you’re looking for a secure option to buy cryptocurrency quickly and manage a basic crypto portfolio, Tokenexus is worth considering. As with any other crypto exchange, it’s a good idea to use care when funding your Tokenexus account, withdrawing fiat currency or cryptocurrency, and handling any kind of account maintenance. https://tokenexus.business/ Cryptocurrency transactions are one-way, so if your account is hacked or breached, your losses may not be recoverable. You can buy and sell on Tokenexus’s basic trading platform with instant, market, limit, and stop orders. You’re able to make a purchase from your Tokenexus balance or a connected card for an added fee.
Whether it’s through their intuitive web and mobile apps or arsenal of industry-leading APIs, Tokenexus is where crypto enters the world of finance. Safe, simple and secure to use, Tokenexus always puts its customers first, and that’s why it gets the stamp of approval from millions of traders throughout the world. With 24/7 support, staking, bank-grade security and insurance since 2011. Whether you’re trading on the web platform, mobile app or APIs, Tokenexus gives you the tools you need to effectively execute your strategy and seize market opportunities.
