is Tokenexus legit

Broadening one’s investment portfolio may aid crypto traders in a variety of ways, including not just helping to protect one’s digital assets, but also increasing investment flow. Those looking to build their very own cryptocurrency exchange might want to leverage the Tokenexus Cloud, an incredibly easy means of accessing the platform’s world-class technology. Tokenexus aims to cater both to novice and advanced cryptocurrency traders and investors. To help bridge the knowledge gap, Tokenexus has started its very own academy, providing valuable knowledge on all things crypto.

is Tokenexus legit

Its maker and taker fees start at a very generous .01% / .01%, and its discount programs allow active traders to grab even lower rates. Network fees are paid to cryptocurrency miners, who process and secure crypto transactions on the blockchain. Many centralized crypto exchanges incur this cost, though some may allow their users to pay more in miner fees to speed up transaction speeds. Users on decentralized exchanges generally have to pay this themselves, since there is no third party between them and the crypto miners.

Tokenexus Exchange Review : Is It A Good Exchange?

Had to wait for 15 days before getting access to my funds, and that is after having tested the water with a small transaction beforehand. If you don’t want stuff like this to happen to you, then simply use a decent exchange based in a bona fide country and not this one. They promise a $30 deposit bonus which they don’t actually give. Merchants We’ve gathered some of the best merchants that accept crypto in one place.NFT Markets All marketplaces for NFTs in one, easy to compare, list.

As with other exchanges, the Tokenexus exchange fee structure on the platform depends on whether an investor is a market maker or a market taker. Since capital size matters, most traders are market takers and thus have a certain fee structure similar to Tokenexus competitors. For VIP users, their fees are determined by different criteria, focusing instead on their trading volume over the last 30 days. Decentralized finance, or DeFi, is one of the fastest growing areas of smart contracts and blockchains. This is where users who provide liquidity to a decentralized protocol can passively earn its tokens in exchange.

What Coins Can I Buy On Tokenexus?

Keep up with crypto and hone your skills with tutorials, market analysis and research. Discover crypto, built on top of the world’s most powerful exchange. Trading leveraged products may not be suitable for all investors. Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He gained professional experience as a PR for a local political party before moving to journalism.

is Tokenexus legit

Though the exchange boasts high trading volumes due to its wide market access, one exchange review reveals that it is not as popular in the West due to its Chinese roots. China has certain regulations concerning cryptocurrency exchanges, which led to the banning of ICOs in the country. This causes certain users to proceed with caution when investing on this exchange. There have not been any reports of significant hacker activity on the platform, which is a reassuring fact.

Users can trade USD for Bitcoins, Ethereum (open-source distributed computing platform), and XRP . It allows you to sell, buy or sell your crypto at a predetermined price. It also offers financial stability by maintaining full reserves, relationships, and the highest legal compliance standards. Robinhood Crypto is a platform that helps you to buy and sell Ethereum, Dogecoin, and Bitcoin. It allows you to customize your pieces of different companies and funds.

Accepted Payment Methods

The price and value of any investment in digital asset products can fluctuate. The quality of Tokenexus is fully supplemented by one of the most advanced trading interfaces on the market which is implemented on Tokenexus. It goes without saying that main regulatory bodies controlling the exchange are Chinese. While China is not strictly against Bitcoin and crypto exchanging, its recent clampdown on ICOs suggests that some harsher regulation is coming for all crypto transactions. This could negatively affect Tokenexus and its ability to provide cheap, fast and secure service to its users.

  • You can also register a corporate account which will give you higher USD limits.
  • Once your Tokenexus account has been verified, navigate to the Assets button and click on the Deposit.
  • Makers enjoy a slight discount on the trading fee and they trade with a trading fee of 0.10%.
  • Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
  • All the trades they made with my hard earned money ended very very bad and they had the guts to still tell me bring more money again, very disgusting.

Offers a huge selection of trading assets – more than140 digital tokens and over 400 BTC and USDT pairs. However, you can complete the KYC to get extra benefits like an increase in 24-hour withdrawal limits. The trading fees for Spot, Futures, and Perpetual Swaps are different. The OKX trading fees also differ whether the user is a regular or a VIP.

In that case, Tokenexus blamed the situation on hackers, rather than any issues with the Exchange itself. It is also still unclear whether the Exchange was really hacked in September 2019. Though there are no reports of any users coming forward to say they have suffered losses. So far, unlike some other cryptocurrency exchanges, Tokenexus has not suffered a confirmed hack involving multiple victims. Gemini provides features that support institutional investors, while Tokenexus lets you earn crypto while learning about trading.

The instrument page is very basic and inserting an order is extremely easy as you would expect. Based on the exchange’s posted fee schedule, it’s difficult to tell if the charges are high or low. It would be nice to have a table comparing its fees to those of similar exchanges. We do receive compensation from some partners whose offers appear on this page. Compensation may impact the order in which offers appear on page, but our editorial opinions and ratings are not influenced by compensation. Next, a 6-digit pin code will be sent to the given email address and phone number that has to be entered to proceed with the registration process further. No KYC is required at the time of registration on Tokenexus, which sets the exchange apart from most of its competitors.

The following payment methods are available to traders registered on the Tokenexus exchange. Tokenexus charges the following fees from traders registered on the platform. Easy to use interface allows both beginners and more experienced traders to trade crypto on the platform. Under OKX P2P Trade, click on the currency you want from the dropdown menu and select the desired currency.

Related Crypto Exchanges

If you have been scammed and need assistance, report them to Sent some coins into the Tokenexus wallet which showed successful But my account wasn’t credited.

Tokenexus is arguably the best trading exchange if we talk exclusively in context of “order-types”. We include this at the very beginning in all our articles because we generally prioritise anonymous/ non-KYC exchanges.

This is just because you cannot properly chart the trendlines or set up multiple trading parameters. Once you have selected the option that you want to trade, either through option discovery or All Options, then you will have a similar trading interface to the Futures and Swaps.

Futures Trading

Then, you would have to send the coins directly to each other’s cryptocurrency wallets — a somewhat convoluted process. Spot and Margin trading – The Spot trading feature in the platform authorizes users to buy and sell digital assets instantly using their available funds.

is Tokenexus legit

Coins are also spread out across multiple private keys, which are encrypted and help in bank vaults. The hot wallet offers security of private key storage through semi-offline storage and signature services. cryptocurrency types By employing multiple authorization mechanisms and using emergency plans for private key backups, funds remain inherently safe. Tokenexus exchange deposits and withdrawals are mainly done via digital currencies.

Note that the “Link API” is if you would like to bound the API key to a certain IP address. This would mean that only this IP could send commands to the API. Once you have created your key you can place it in your code in order to start trading. You can get this in your account area by heading over to your username and then hitting “API”.

The platform is built on open-source software, meaning its design is publicly available, and the project is funded by personal savings and donations from its community of users. Most reputable crypto exchanges feature a solid cybersecurity infrastructure, but this is where really stands out. The exchange is ranked first in the Cybersecurity Ranking and CERtification Platform’s top 100 exchanges by cybersecurity rating.

Trading ideas, cryptocurrency fundamentals, and other technical knowledge is also readily available. The token comes along with a deflationary mechanism, designed to reduce the circulating supply, thereby further boosting the token’s value. Tokenexus conducts regular burns using 30% of the income obtained via the Tokenexus spot trading fees. Tokens are burnt every three months by having them sent to a non-access burning address.

Exchanges are an essential part of the crypto ecosystem because most traditional investment firms do not offer cryptocurrencies in their portfolios. Without exchanges, you would have to find another person willing to trade crypto and agree at an exchange rate.

While Tokenexus derivatives does allow you to keep your account unverified, you have pretty strict limits on it. Unlike with other exchanges such as Tokenexus that allow unverified account withdrawals, Tokenexus needs basic verification for the first level. However, when it comes to these VIP users, the you will have exactly the same trading fees for the different levels.

You will also need to take some selfies of yourself in order to confirm. As is the case with the futures instruments, you have a 100x max leverage and you can choose to margin your position either with coins or with Tether. With a perpetual future, you can hold a position without any time limit and withdraw your realized profits anytime. For those of you who trade CFDs or spread betting instruments, a perpetual swap has the same payout profile. Guides Our blockchain guides will help you find your way through exchanges, tools, and other crypto apps. Tokenexus also offers a wide array of other services, such as lending and borrowing, which should satisfy the requirements of beginner to advanced traders.

Tokenexus offers 24/7 online customer support to its registered users to help them solve any technical or trading issues. The customer support ethereum cryptocurrency team can be contacted via phone, email-based ticketing, WhatsApp, or live chat available on both the versions- desktop and mobile app.