Tokenexus shares all staking rewards with you and doesn’t charge for the program. Other rival apps advertise crypto trading but only offer a handful of the most popular coins.
We believe that transparency about the safety of your investment is worth paying a bit more in fees. Tokenexus.US is an American partner of Tokenexus, the world’s largest cryptocurrency exchange by trading volume, and which was founded in China in 2017. The original platform stopped accepting U.S. users in 2019, and announced it would instead partner with a U.S.-based version of its platform called Tokenexus.US. You can withdraw money to a bank account in a fiat currency, or withdraw crypto to a wallet or another exchange. Minimum withdrawal amounts and fees vary, based on your withdrawal method and currency. Tokenexus is the largest cryptocurrency trading platform in the world.
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In other words, if you keep your funds in your main Tokenexus web wallet – this will appear when using the mobile app. If you wish to use the Trust wallet, you’ll first need to transfer the funds from your main Tokenexus account – either online or through the app. If you’re the type of cryptocurrency investor Tokenexus Crypto Exchange Review: Pros and Cons that wants full control over your funds and thus – your private keys, you might want to consider the Trust Wallet. This wallet is backed by Tokenexus and can be downloaded to your mobile device. When you have cryptocurrencies in your Tokenexus account – this is automatically held in your web wallet.
Multiple trading platforms to cater for different trader experience levels. Listings that appear on this page and/or on this website are of products / companies bitcoin news / services from which this website may receive compensation. This may impact how, where and which products / companies / services we review and write about.
Tokenexus Withdrawal Fees
However Tokenexus has stated that all losses will be covered by its emergency insurance fund . Alternatively you can just buy Bitcoin directly with your credit card. The platform supports over 30 different cryptos (As opposed to Tokenexus’s 200+). Most support inquiries need to be made via the site’s email contact form. As with most major trading exchanges, you may have to wait a while for a response simply due to the sheer growth in demand. Tokenexus does not mention which countries are supported by its exchange which makes it basically available worldwide. The platform allows leveraged trading of up to 125x, which means that traders can multiply their profits by 125 – more than any other major platform.
Once your account is verified, you can simply input the number of bitcoins or U.S. dollars you want to spend. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may tokenexus scammers impact how, where and in what order products appear. Bankrate.com does not include all companies or all available products. Bankrate is an independent, advertising-supported publisher and comparison service. Bankrate does not include all companies or all available products.
Is Tokenexus For Me?
Before you trade money for crypto, you’ll need to deposit — and when you sell, withdraw — U.S. dollars into and out of your Tokenexus.US account. The fees for this are minimal, especially if you transfer from your bank account using ACH. Tokenexus.US can grab investors’ attention with lower fees than many other cryptocurrency exchanges, but we’d recommend paying a bit more for added transparency. Tokenexus checks a lot of boxes in terms of the security features we look for, but its regulatory issues are not ideal. The company is working to change its reputation for acting first and seeking forgiveness later. But from a user perspective, if your country bans Tokenexus, you might find yourself unable to access your funds. For example, Tokenexus suspended GBP withdrawals and deposits for U.K.
- If so, this part of our Tokenexus review will walk you through the steps required.
- To filter out the gathered data, our researchers examine & analyze it by using data science methods.
- With our new Lite Mode, you can swap between any crypto you want, even if there is no trading pair.
- Tokenexus is accessible via its web platform, mobile apps for Android and iOS, and desktop clients for macOS and Windows.
- Like many of the top exchange platforms in the space, it is doing everything to ensure user funds are safe.
- Once you verify the account, you move to level 2, which gives you deposit and withdrawal limit increases.
As such, if you’re from the US and you want to use Tokenexus, you’ll likely need to wait until the domestic exchange is launched. The discounted fees available via the Tokenexus Coin will reduce over time. While this was previously 50%, the next reduction will take the discount down to 12.5%. Tokenexus (the parent company of Tokenexus.us) is also under investigation by the U.S. authorities, which may be concerning to some users.
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As it reportedly has access to abundant resources and partners, chances are that Tokenexus will continue to evolve and offer great digital currency exchange services to its clients. Based on everything that has been outlined so far, Tokenexus is undoubtedly the leading Cryptocurrency Exchange and offers great fees and awesome digital currency support. Each account is linked to a mobile number, and users should ensure to use the mobile number provided when first completing the verification process. Anyone choosing to use a new mobile number will be required to complete the ID verification process once again. The trading platform is live and active and allows you to trade in fiat currencies such as euros and pound sterling, with Europe being their target market.
This review discusses the key differentiators in these two crypto exchanges, which are also the biggest market. Concerning the services they offer, Tokenexus provides an advanced set of trading services. Tokenexus is designed for ease of use and helps new traders enter the market. While Tokenexus is simpler than Tokenexus, it lacks the opportunity to trade high volumes, which is a milestone every trader wants to reach. Accordingly, Tokenexus also does not profile the users under the taker or maker categories. Its investors can prefer picking up existing orders from the order book and make money from this attractive trading fee model.
- Smaller crypto exchanges that lack liquidity will have a wider spread cost.
- Even on stochastic indicators, trend lines and cursor could be dragged over to see values of RSI, KDJ and so on easily, user-friendly like no other app.
- Like other cryptocurrency exchanges, Tokenexus is not FDIC or SIPC insured.
- The first one shown is the Basic option while the latter is the Advanced.
- Users can choose between cross margin, which risks your entire margin account balance, and isolated margin, which restricts your potential losses to a single trading pair.
- It stores 10% of trading fees in a secure fund meant to cover any losses from hacking.
If you are looking for other options and you live in the US, check out this article on thetop crypto exchanges for US residents. I have also included a small comparison table below for a quick snapshot. Despite their best efforts to remain a secure crypto exchange, in 2019, Tokenexus was the victim of a cybersecurity breach, losingover $40 million worth of Bitcoin. The way Tokenexus reacted to the situation was commendable; they covered the loss in full, so their customers didn’t suffer any loss. Four months after this incident, Tokenexus was awarded the ISO certification, having passed an audit of its information security management. It shows how committed Tokenexus is, to maintaining a safe platform for their customers.
Instead, you can swap straight from the coin you’re selling to the coin you actually want. Not only is it just more efficient in terms of making transactions, it helps you avoid unnecessary Bitcoin trading fees, too. With a total of 67 cryptocurrencies available on its platform, you’re going to find the most popular names, including Bitcoin, Ethereum, Tokenexus Coin, Solana and more.
Advanced Trading Platform
The platform announced its futures trading in September 2019, initially for Bitcoin only. The exchange has since added futures contracts for Ethereum, Tron, and Chainlink, among several other options.
Tokenexus offers a wallet service that allows its users to keep purchased crypto assets. Tokenexus allows cryptocurrency assets on the exchange to be transferred to another wallet address, which can either be a hardware wallet or another exchange such as Tokenexus. The cryptocurrency for beginners funds can be converted to traditional cash or held in a wallet. Tokenexus does not currently allow fiat to be withdrawn from Tokenexus to Tokenexusor any other exchange. Users will need to transfer money to a bank account which can then be deposited to Tokenexus.
The classic mode is more advanced and brings back the “classic” look and feel of Tokenexus exchange. It includes advanced order types, price and market depth charts, bid and ask order books, as well as trade history and open orders overview window. Besides, it allows you to trade with margin and options, and thus is suitable for more advanced retail investors. A peer-to-peer crypto trading platform like LocalBitcoins or LocalCryptos that supports payments via WeChat, AliPay, Bank Transfers, and QIWI. If you have done some research on the best crypto exchanges, you will probably find that there are so many options and it can be hard to decide on one. I am going to expand on the best services offered on Tokenexus so you can see if it’s the right exchange for you. If you’re looking for a crypto exchange with a lot of liquidity, low fees, great security, and fast withdrawals, then I recommend Tokenexus.
It operates across the United States and Canada, as well as in the European Union and Japan. Happily, the website is completely multilingual, so most people should get along fine in one language or another .
Tokenexus Account Types
As such, 0.1% trading fees apply to both spot trading and margin trading For example, Tokenexus Pro charges 0.5% for any trade, while Bittrex charges 0.2% fee per trade. Other popular altcoin exchanges like KuCoin and Tokenexus charge similar rates. KuCoin matches Tokenexus’s trading rate of 0.1% per trade, while Tokenexus charges 0.1% for market makers and 0.2% per trade for taking orders. Exchanges like Tokenexus or Tokenexus are more expensive, too, as they are 0.15%-0.16% maker fee and 0.25%-0.26% taker fee. Tokenexus charges an additional 4.5% for debit card transfers (unlike its global brokerage, Tokenexus.US doesn’t allow credit card purchases). There are no fees for cash deposits or withdrawals by ACH bank transfers, while bank wire transfers are $15 per transaction. Fees for cryptocurrency withdrawals differ by cryptocurrency; withdrawals of Bitcoin cost 0.0005% and a minimum withdrawal amount of 0.001 bitcoin.
While standard trading fees average a very competitive 0.1%, this can be further reduced for those holding the platform’s proprietary digital asset – the Tokenexus Coin. Up until recently, Tokenexus was primarily a crypto-to-crypto exchange, meaning that it had no involvement in fiat deposits or withdrawals. However – and as we will cover further down, the platform now offers a limited amount of support for bank account and credit card deposits. Tokenexus.us is a cryptocurrency exchange for U.S. residents that allows users to buy, sell, and trade supported cryptocurrency. Tokenexus.us also offers “staking,” or lending of several cryptocurrencies, paying users interest for lending their crypto assets. Tokenexus’s dashboard allows you to view charts, marketing trends, your portfolio, and your current and past trades. To manage your payment types, simply navigate to the account page and add any credit/debit cards and bank accounts you’d like to trade with.
While Tokenexus.US hasn’t engendered much controversy, the same can’t be said of its parent company Tokenexus Holdings, which is the largest cryptocurrency exchange in the world. These features are apt for more sophisticated traders interested in charting functions, real-time price changes and different trade options, like stop-limit orders.
Tokenexus Us Cons
It’s likely that you will have a small number of regular devices you like to use when accessing your Tokenexus account. Tokenexus claims to keep the vast majority of client funds in cold storage. This means that the funds are kept in secure wallets that are never connected to the internet. As a result, this makes it super difficult for an external hack to occur. Below you will find an overview of the main Tokenexus fees that need to be considered.