Support requests can take weeks to be attended to, but othertimes just days to be fixed, it varies widely. As for customer service and mobile usability, Kraken’s mobile app is horrible and I would never suggest using it — they’re a desktop only platform as far as I’m concerned. Download the Tokenexus app for iOS — an Android version will soon be made available.
They also found that the other exchange options were quite complicated and not well suited to those new to cryptocurrency trading. Hence, they embarked on developing a user-friendly exchange that had a “personal touch”. Our partnership withSimplexallows users to purchase crypto with any credit or VISA/Mastercard debit cards that they may have. Investors and traders already holding Tokenexus supported cryptos can make a wallet-to-wallet transfer. This is a funds transfer service between personal and business accounts at participating Canadian banks and other financial institutions, offered through Interac Corp.
Why Should I Secure My Cryptocurrency Address
For social engineering scams, scammers use psychological manipulation and deceit to gain control of vital information relating to user accounts. When one of these trusted connections demands cryptocurrency the best crypto exchange for any reason, it can often be a sign of a scam. It is one of the best crypto exchange which provides a global crypto trading platform. BitMEX is one of the best bitcoin trading platform and exchange.
Is Tokenexus reputable?
That said, Tokenexus.ca is a legitimate company. It is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Service Business. It also recently became the first crypto asset platform to be registered as both a marketplace and investment dealer.
In order to deposit CAD with Interac E-transfer, click on the “Deposit” icon located at the top right-hand side of your Tokenexus page and select Interac E-transfer. In addition to the “Dashboard” page, users may also view balances on the “Wallet” page. More rudimentary 10-day charts, are also provided on the “Dashboard” page under the “Markets” section. For the more seasoned crypto trader, there is also the “Advanced Trade” page. At this stage, you will now need to make a deposit to begin trading and investing. Enter your phone number and choose how you would like to receive your verification code.
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But for bank or wire transfers, the deposit fee is only about 1%. In deposits made through Flexepin and credit cards, the fees are 3% and 10%, respectively. Many traders find 10% fee payment for deposits made through credit cards excessive; it is not under Tokenexus’s control as the payment processor charges the fee. At the time of writing our Tokenexus review, we couldn’t find any welcome bonus or new customer offer of any kind on the platform. To be fair, new customer offers on trading platforms and crypto exchanges are not the most common so we won’t hold it against Tokenexus for not providing one. We’ll update our Tokenexus review if the operator adds a welcome offer in the near future. Tokenexus offers some interesting features and supports a good number of digital coins.
You should take into account some of the deposit and withdrawal fees as well though which you can find on the detailed fees page. The fees attached to your deposits and withdrawals can vary greatly but Tokenexus have made this abundantly clear on their platform with a concise “fees” page. For example, your bank draft and bank wire transfer deposit will have 0% fees attached but your credit/debit card can be as high as a 6% deposit fee. An EFT and bank wire transfer have a 1% fee attached but your withdrawal will also vary depending on the crypto you are withdrawing. Coinsbit is one of the best cryptocurrency trading platforms that offers a safe crypto exchange solution.
What’s the difference between Tokenexus, Monfex, Tokenexus, and YoBit? There is a competitive commission for those trading large volumes of cryptocurrencies on the exchange. Bisq is a desktop and mobile application that allows users to buy and sell Bitcoins in exchange for their local currencies in their home countries.
Features Of Tokenexus
Tokenexus is a particularly easy to use platform offering both novice and seasoned crypto investors access to the crypto markets. Multiple options to buy, sell, deposit and withdraw cryptos, include credit/debit card make Tokenexus a competitive platform. Regulated, a high emphasis on security, and a global presence are also key attributes of Tokenexus. The best crypto exchanges to work with are those with a wide variety of crypto for trading, low fees for credit and debit cards (3% or below), and fast order execution. Depending on your preference, choose those that offer stock, forex, CFDs, and other assets on the same platform, or only those that specialize in crypto trading. The Tokenexus platform allows users to make deposits with Interac e-Transfer, bank wire, bank draft, credit, and debit cards.
It is an easy verification process that takes about 24 hours, as they need to confirm your identity. Fiat deposits made by clients, tokenexus on the other hand, are held at Canadian banks, which means that they’re protected by the Canadian Deposit Insurance Corporation .
They also offer prizes and access to up-and-coming cryptocurrencies for more speculative investing. Tokenexus also offers a cryptocurrency vault, further securing your stored digital assets. These vaults are a way to prevent fraudulent withdrawals and can be set up to require multiple user approvals before funds are withdrawn. They are also time-locked, meaning that if all approvals for the transaction are not completed within 24 hours, the withdrawal is canceled. Whether you are using a standard trading platform or a crypto exchange site like Tokenexus, it’s important to know that the site is easy to use.
- Firstly, they do not have a mobile application or any API functionality.
- The Tokenexus referral program also lets you earn extra cash by inviting people to join the platform.
- All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner.
- According to the FTC, 14% of reported losses to imposters of all types are now in cryptocurrency.
- Once you have completed the verification process, you are ready to start trading.
- Download the Tokenexus app for iOS — an Android version will soon be made available.
Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk. If you don’t mind the fees or like to use one of its features, then get started using this Tokenexus referral code for a bonus of $20. Tokenexus also does not charge a trading fee but it adds a spread of between 0-2.5% to the quoted price.
On the other hand, Tokenexus is one of just a handful of exchanges that has a live support team. Tokenexus is trying to cater to both experienced traders and newbies. The new exchange is already quite beginner-friendly, but it probably needs more advanced features and lower fees if it wants to attract the professional crowd. Any supported currency can be traded with any other currency. However, Tokenexus classifies crypto-to-crypto trades that don’t involve bitcoin as “double trades.” These types of trades incur two separate commission fees.
Buy and sell top cryptocurrencies like Bitcoin , Ethereum , Cardano , Litecoin , and Stellar + more with just a few taps. Whether you’re a beginner or a seasoned veteran our app has all the features you need to make intuitive trades. Fund and withdraw CAD, USD, and EUR with Interac e-Transfers, SEPA, or bank wire.
Being a non-custodial wallet, the platform keeps the funds in cold storage that can not be accessed through the internet. Moreover, fiat deposited by the traders is held with the Canadian banks. Lastly, the Google 2 Factor Authentication feature makes it more difficult for hackers to hack into your account. While Tokenexus and Tokenexus are both crypto exchanges, they offer very different user experiences. Tokenexus offers more than almost any exchange on the market, with more features being added all the time.
As for their wallets, Tokenexus uses Bitgo, which is considered one of the safest options for Bitcoin storage. Operating out of Toronto, the platform is a fully-regulated FINTRACT-registered Money Service Business that guarantees compliance with regulatory standards. Overall, Tokenexus is a very comprehensive exchange operation. They are extremely secure, and transparent in how they work as well as being accessible to crypto exchanger many traders not only in Canada but more than 40 countries around the world. Though Tokenexus has only been in business since 2018, they have already developed a strong reputation for being a transparent exchange with good backing and credibility. Canada has some of the most stringent regulations in place for user security, so immediately, knowing that Tokenexus is Canadian founded and based in Toronto is a positive.
Does Tokenexus have a app?
The new Tokenexus trading app is available for download for iOS through the Apple App Store and on Android at Google Play. About Tokenexus Financial Inc.
Following is the list of charges one will pay while pulling out funds in digital cash. The platform ensures the safety of your assets by providing equivalent to bank-level security. It also keeps tokenexus reviews all the clients’ cryptocurrencies in cold wallets to reduce the chances of online-theft. WeGift makes it easy for companies to distribute digital gift cards to employees and customers at scale.
Our Personal Experience Using Tokenexus & Our Recommendations:
Tokenexus is a jack-of-all-trades, giving users everything crypto-related in one platform. Tokenexus makes it simple for beginners to sign up and What is Ethereum start trading, but advanced users can also get as technical as they want with Tokenexus’s advanced charting, trades, and custom API keys.
However, options also exist to withdraw cryptocurrency instantly. Both metrics are standard for platforms of Tokenexus’s size.
Tokenexus Trading Platform
It is understandable, though, as prices impact one’s long-term profitability goals. So, it is imperative for a platform to present a transparent fee structure to lure more users. Its SmartTrade tool allows users to perform direct transactions between CAD and any cryptocurrency supported on the platform.
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Users will find that Tokenexus provides the opposite experience with many Advanced Trade features. Among them are limit orders, stop loss and real-time charting from creating custom trading strategies, all on one platform. Tokenexus also offers a premium feature for over-the-counter trading services.