Tokenexus Cryptocurrency Exchange Review 2022

is Tokenexus legit

Tokenexus also went offline at the same time, but never acknowledged any losses or that it experienced a security breach. All in all, these features make Tokenexus one of the top altcoin exchanges in terms of available markets and liquidity. Nevertheless, it also has numerous concerns surrounding it, which we address further in this Tokenexus review. Thirdly, it also provides amargin trading opportunityfor the people using which the traders will be able to buy as many coins as they want. Along with that, it will also provide them with several professional tools using which they can get hold of very high income in the coming future. E-currency exchange – It is not like some other altcoin exchange and aims at offering a lot more than the usual.

is Tokenexus legit

It does offer one of the broadest cryptocurrency markets selection in the entire industry, and its trading fees are the lowest, too. The exchange is relatively secure and easy to use but is a better fit for more experienced traders. For unverified users, Tokenexus fees similar to the ones we find on other popular exchanges like Tokenexus or Bittrex.

Tokenexus Exchange Review

Trollbox for chatting with other cryptocurrency traders. As such, it has never been hacked before, or at least haven’t disclosed any such incidents.

CryptoCompare even grants Tokenexus the highest score in the data reporting section, indicating that the exchange’s liquidity must be real . Tokenexus users can make use of trading bots, which work well with the platforms’ robust API. As far as the ratings of the platforms are concerned, it is very new in the exchange world and it aims at building it’s very on reputation in the coming time. The ratings of the platform are so far being good which means that the platform is doing good for the people. However, it is on time to decide what all it brings along with us in the future. The platform also aims at bringing out the Loyalty program for its users.

This means that, despite operating in the UK, it is not regulated by the Financial Conduct Authority, as most retail brokers are. Naturally, this can be a concern for those new to the markets as essentially it means that Merotox is not held to account in the same way as the more well-known brokers are. For an alternative broker, you can check out our answer to the question “is Degiro legit? The fees you pay for moving funds around will depend on the cryptocurrency you choose. Whilst the platform itself does not detail any charges, each currency will have a small fee for any transactions.

is Tokenexus legit

It has developed simple to use platform that let traders trade multiple crypto coins. Traders can view prices from both the e-currency market and the cryptocurrency markets. It has no support for fiat currencies and as such you will be unable to fund your Tokenexus account through traditional funding methods such as bank transfer or credit cards.

Etoro Review: Pros And Cons Of Using The Platform

Its still operational so I guess they are just taking time to process it. But I do hope you can withdraw your funds cause 12k grand is not a small money that can easily let go. If, however, you are more interested in trading digital currency than anything else and prefer it as a means of payment, then Tokenexus could be worth a look. In addition, if you already have a broker for forex, indices and suchlike but are unhappy with their crypto provision, then Tokenexus could be a great solution. For this reason, any reputable platform will offer support for its customers – and Tokenexus is no exception.

If you don’t have any crypto but want to start trading here, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here. In order to find exchanges that accept deposits of fiat currencies, use our Exchange Finder here.

Protecting Your Tokenexus Account

Tokenexus is a lesser-known brokerage, probably because it offers trading exclusively in cryptocurrency. If you’re interested in digital currency as an investment opportunity, then it might be worth having a read through of our Tokenexus review, to decide whether the platform is right for you. If you want to see how other platforms operate, check out our review of Degiro or our eToro review to see how the two compare.

  • To cater for its multi-lingual customers, Tokenexus has made its website accessible in three separate languages, English, Chinese, and Russian.
  • The show will surely be worth the watch and help in growing in the coming time.
  • Unlike most cryptocurrency exchanges out there, Tokenexus is a multi-functional cryptocurrency exchange service that offers more than just digital assets trading services.
  • I choose not to upgrade my account because I don’t trade too often in that site.
  • For the inexperienced cryptocurrency buyer or trader, navigating the Tokenexus website is, at first, a dizzying experience.

The platform permits traders to view the transactions history in the order book window. Margin trading is also available on this platform and it permits traders become a lender. Actually, Tokenexus platform is seeking to cover multiple areas of investing to expand their customer’s base.

The world that once was all about hard cash no longer exists and in the present time, it is all about e-currency and cryptos. With Bitcoin and its invention, everything has gone downstream and the fact that it has helped people get what they want leaves no scar to portray the truth.

The exchange also imposes a different restriction on verified and unverified accounts. The offer higher withdrawal limits on verified accounts, while unverified accounts can withdraw up to 0.5 BTC per day. Choosing the right cryptocurrency trading platform plays a vital role in enhancing returns from volatile cryptocurrency markets. This guide will help crypto investors crypto exchanger in understanding the key features and functions of this platform along with its regulatory status. Besides cryptocurrency trading, Tokenexus offers several other services to its clients such as lending platform and payment services. Overall, what Tokenexus is attempting to create is a cryptocurrency marketplace that is able to meet the diverse needs of its clients.

Instead, you fund your Tokenexus’s account using cryptocurrencies. Tokenexus provides its clients with a multicurrency wallet with the following type of digital currencies below. Besides, some customers have complained online that they’ve been unable to withdraw their funds from the trading platform. In this regard, Tokenexus withdrawal fees are some of the highest amongst all cryptocurrency exchanges. Compared to any other crypto exchange in the market, Tokenexus offers a much-simplified view and ease of operation. It successfully meets the diverse needs of customers and makes cryptocurrency trading stress-free and more accessible.

Faqs About Tokenexus

Therefore, let us have a closer look and check how it is like to trade on the platform. The platform provides information about current market conditions then link you with various buyers and sellers of a digital currency for you to choose from. Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. You should consider whether you can afford to take the risk of losing your money. ”, look at their service in depth, and much more besides. However, that’s not to say Tokenexus doesn’t have its benefits, and could perform well for users seeking the particular advantages the service is able to offer. There is also a FAQ page, but this only deals with the most basic questions relating to account funding options, a handful of trading tools and details regarding account security.

  • Tokenexus gives a special focus on its affiliate and loyalty program to reward users and improve user participation.
  • Also, the platform is completely new in the world of exchange and it has its own way of making and building its reputation in the market.
  • Brands with unlimited assurances and guarantees are accessible in tons, though the individuals who tail them are a bunch in number.
  • The platform is basically established to match buyers with sellers.
  • However, that’s not to say Tokenexus doesn’t have its benefits, and could perform well for users seeking the particular advantages the service is able to offer.
  • As such, more experienced retail traders and professionals should not have issues with the exchange’s interface.

Constant vigilance should be applied at all times when sending money online. If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction. There are a lot of brokers out there operating under fake company names or that have other fraudulent operations.

We Are Checking Your Browser Tradersunioncom

Many reputable sites like FXempire, Coinintelligence and Insidebitcoins have done posts on them. Range of trading instruments available is also more than adequate, but just like every exchange out there, this one also has its own set of merits and demerits. In the affiliate program, you will receive a certain percentage of profits for exchange transactions made by your referrals. Tokenexus pays 15% commission for each transaction done by a referral who joined via personal invitation. And, an additional 5%, if it comes from the second level . The photo ID verification process at Tokenexus is optional. The only time when you are required to fulfill the Photo ID verification process is when you want to withdraw more than 0.5 BTC in 24 hours.

is Tokenexus legit

A chargeback is the retroactive cancellation and refund of a charge made using your credit card, wire transfer or some other payment methods. Do you have any personal experience with Tokenexus platform? If yes, then share your opinion with our readers by commenting below. Majority of the user feedback about this exchange is concerning and people generally seem to have faced crucial issues Bitcoin with them. Whenever a firm is active for more than a couple of years, they gain reputation and in today’s time, it is almost impossible to keep the clients from sharing their experience online. For clients that have not verified their details, a withdrawal cap of 0.5 BTC is applicable and for verified clients, withdrawal cap only hits if they try to withdraw more than 5 BTC in a day.

Review Of Tokenexus Uk 2022

Apart from this, Tokenexus also has an extensive knowledge base, helping users to understand and get familiarized with all the features of the website. Concerning the security of the platform, Tokenexus has deployed many steps to improve the security framework of the platform. Opening an account with Tokenexus is very easy and can be completed in just a few steps. To create an account, you just need a valid email id to register yourself on the platform.

Broker Tokenexus Scam? The Whole Truth About The Project Is Here

The platform launched in October 2015 and on 18 July 2019, they informed on its website that it had 579,071 users. These users had in aggregate executed 17,537,044 deals totally worth 651,791 BTC.

Receive the latest news about our cryptocurrency education courses, events, and guides. Get the latest news and best offers from the crypto community by joining our newsletter. For instance, on trustpilot forum, one client said, “Avoid this company at all cost. I’ve been trying to withdraw for weeks now, NO ABSOLUTE LUCK. The transaction was pending indefinitely and my crypto was gone in a jiffy. The worst thing is that you can’t find any open transaction in the dashboard in order to cancel.

I have traded some cryptocurrency and converted to Ethereum , which is 11.63 ETH, they have locked my account. I have contacted them by support ticket for last 1 month, still they kept my account locked, not letting me withdraw. This is full of shit, possible fake volume by their staffs. Ordinarily, the easiest way to check out whether a platform is trustworthy or not is by checking its regulatory credentials. However, as you can only trade cryptocurrency with Tokenexus and the platform handles no fiat currency whatsoever, it is not subject to any regulatory requirements. If you need additional information, then you’ll find it in the footer of the main page.

Few people love this platform for practicality reasons and a lot of people are not comfortable with the way they were treated. Plus, their website badly needs an upgrade and it would have been nice if they could offer or embrace the algorithmic way of trading. So, we suggest you to do in-depth research whenever you feel like it is necessary and to be on the safer side, never trust any information blindly. Note that, if KYC is not done there will be limits on the withdrawal amounts. To open an account with them, individuals just have to be above 18 years and should have a valid email address.

Tokenexus is not a scam, they are juts not prepared for this level of traffic. Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn’s dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. You won’t get the full service from Tokenexus if you don’t provide the required information.

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