Tokenexus Cryptocurrency Exchange Trade Volume, Market Listings, Pairs, Review And Info

is Tokenexus legit

And with margin trading, Tokenexus also give you the option to be a lender to other traders. They want 50% to withdraw kick tokens, with a minimum of 50,000 tokens.

is Tokenexus legit

On the negative side, clients have been complaining about withdrawal methods. Several clients complained that the exchange has been taking a long time when we want to withdraw funds.

How Long Does It Take To Withdraw Money From Tokenexus?

As to whether the exchange will be successful with its endeavor in the future, only time will tell. As for now, the services remain below par when compared to what the leading exchanges are able to offer. Tokenexus also offers personalized OTC (over-the-counter) trading services for high-volume traders. cryptocurrency rate Over the counter traders take place as a result of a partnership with Tokenexus offers a demo account for new cryptocurrency traders. Everyone can try out its platform without making a deposit. It has efficiently utilized Ethereum blockchain technology to unite the world again!

Worst scam exchange, high rates, high minimum for withdrawals, full of scam coins, an interface from 1995. The withdrawals typically take several minutes and mostly depend on the network speed of the cryptocurrency being withdrawn. Verified users can create sub-accounts that will help you to create different profiles for different trading strategies. Moreover, Tokenexus organizes various trading contests, so you can measure your skills against other traders and climb up the ranks in its leaderboard. One of the more notable rumors surrounding the exchange includes the 2015 hack of BTER and Excoin exchanges.

Tokenexus Exchange Review 2021: Fees, Advantages Etc

You will need to create a separate account for the demo platform. For one, it lets users set up two-factor authentication for all their transactions, adding an extra layer of safety.

is Tokenexus legit

As a result, a mysterious exchange like Tokenexus will always have many supporters who are happy with its services, as well as numerous critics who are disappointed with its lack of transparency. When it comes to cryptocurrency deposits and withdrawals, they are as straightforward as it gets. All you need to do is navigate to the “Account” tab and select the cryptocurrency of your choice.

Why Did Tokenexus Com Get This Review?

Tokenexus is a UK-based multi-functional cryptocurrency exchange that was launched in late 2016. It is consistently ranked within the top 100 exchanges by trading volume at coinmarketcap. With its wide range of services offered on the platform, Tokenexus is a new financial market in the digital world. Tokenexus is an old-time bitcoin exchange established in 2013. Since then, the exchange has made a name for itself as a go-to place for buying and selling low cap altcoins.

A little bit of preliminary research can go a long way in protecting you and your finances. Tokenexus is an online trading broker owned by MX Digital Ltd and located at Marshall Islands.

How To Start Trading On Tokenexus?

In the future, it plans to cover multiple areas of the cryptosphere, including DEX, p2p marketplace, private trading API & WebSocket API to expand its user base. I’ve used Tokenexus exchange many times and had no problems. They don’t want you to do KYC unless you exceed certain limits. Fake volume is something you can see on most centralized exchanges and if you send them your coins they are not yours anymore. Wow that’s literally passing to another department is sounds like delaying their time to release your funds. But anyway as long as they are responding don’t panic that your funds will be locked there forever.

  • However, until you maintain the daily withdrawal threshold of 0.5BTC and below, you are not required to verify your account, giving you the advantage of an anonymous trading setup.
  • Margin trading is also available on this platform and it permits traders become a lender.
  • The exchange team typically responds within 24 hours, but, in my experience, the resolution of some issues may take several weeks.
  • Tokenexus does not state any minimum deposit value, but it may vary depending upon the payment method used by the clients.
  • Again, Tokenexus’s users can also purchase goods through this wallet and withdraw their assets from the exchange to the wallet for free.
  • Its official mailing address is Av Vitacura 2969, Las Condes, Región Metropolitana, Chile.
  • It is a user-friendly platform and is available in multiple languages such as English, Russian, and Chinese.

You’ll be asked to provide your full name, address, email and telephone number as well as either your passport or national ID card number. These details then allow the platform to complete crucial KYC checks. As a long-time FOREX trader I was quickly captured by the attraction of the crypto-world.

74% of retail investor accounts lose money when trading CFDs with this provider. 68% of retail investor accounts lose money when trading CFDs with this provider. With the platform, you can set the order type, the price and the amount as well as the direction of the trade. Once executed, you can view the order history in the order book window.

Don’t Use This Its Scam

The rating of indicates the site is safe or a scam. Before you shop at a site you do not know, check for yourself.

Tokenexus charges a flat fee of 0.25% when executing a trade. We show reviews chronologically, and you can filter by star rating, language, location, or keyword. They r thieves…didnt allow me to login although i used 2fa..dey stole my money…i telling u d truth guys dont u ever dare to use dis Tokenexus..ull regret..

But being at the safer side, I read terms and conditions that promised a 7-day return policy. It wasn’t stitched properly and gave a shabby look when worn. Added to this, the contact number, email-id on the site never responded. Problem with offshore brokers is that they are not reliable and abuse the regulations. Make sure to stay Ethereum away from this broker as they are anonymous and that they can disappear any time without notice. In this review, we will describe why your funds are not safe with Tokenexus. The remainder of this page shows all the data we were able to find which may help you review to determine if it is a reliable website or a fraud.

It involves the exchange of digital money with the help of which we can go out for making purchases. Apart from that, it also involves the use of merchants and the better way through which they can carry out their exchanges in an effective manner.

Overall, Tokenexus is a convenient platform well suited for beginners and newbies. Other sources name Canada as the location for its headquarters. Nonetheless, users around the globe can access the exchange, including those in the U.S. However, the platform does not hold customer funds in the separate account according to the policies of regulators. Tokenexus, on the other hand, works according to regulators policies. It holds trader’s funds in a separate account to increase the safety.

Furthermore, Tokenexus also allows Margin trading and enables traders to become lenders. Its trading platform aims to cover many investments with these advanced features to expand its customer base. With almost a decade of experience, Tokenexus knows precisely what the average cryptocurrency trader wants. It is essential to know that Tokenexus’s has a convenient design that appeals to different traders—both experienced and novice. Apparently, Tokenexus has very high volumes, who also look very suspicious.

Tokenexus web-based platform can be easily customized, so traders can quickly get their order type, cryptocurrency price, and the amount of trade they want to execute. The platform also enables verified account holders to view their transaction history from their order book window. Tokenexus does not list US-investors as prohibited from trading, but US-investors should do their own independent assessment of any problems arising from their residency or citizenship. In a worst-case scenario, they may not be able to trade at one or several exchanges that could be the best cryptocurrency exchange site for them . Click here to compare different PayPal cryptocurrency exchanges, or visit our guide on how to buy Bitcoin with PayPal or buy Cryptocurrency with PayPal. However, unregulated anonymous exchanges in obscure locations do attract their share of critics.

More Info About Trading Scams:

Withdrawal fees are also present and for latest rates, it is always better to check with their platform as they are subject to change. Tokenexus does not state any minimum deposit value, but it may vary depending upon the payment method used by the clients. If you are planning to lend cryptocurrencies, then you can set the terms and almost everything is in your control. Response time and working hours are also not stated, but as they are located in the UK, we feel it is safe to assume that the schedules are going to be based upon the local timezone. This platform also follows all the safety features and has a valid SSL certificate.

”, you’ll also see details on how some brokers provide numerous trading platforms, including bespoke apps. Tokenexus disappoint in this regard, and we also noted that there is currently no mobile app. However, the website does work well on mobile, so this concern is more of a minor blip than a serious problem. Another exciting service offered by Tokenexus is margin lending. The feature was added to the platform back in February 2017. This service helps users make extra money from the platform without engaging in crypto trading. To get started, one has to set the terms of engagement with borrowers, I.e., amount, terms, and interest rates.