is Tokenexus legit

The Tokenexus exchange was born out of Tokenexus as a brand targeted at more advanced cryptocurrency traders. Tokenexus cryptocurrency exchange is considered as the most trusted digital assets exchange and the global leader of the blockchain technology. Any of the exchange cannot be regarded as a trusted exchange until it proves itself. The exchange has brilliant records so far in the crypto world and has proved its worth as a secure and advanced platform for trading. Tokenexus is one of the best cryptocurrency exchanges in the world that caters to the needs of both beginners as well as professional traders. The competitive fee structure at Tokenexus serves as a plus point for the exchange. The token security at Tokenexus is based on the core ‘private key encryption, algorithm, with the hot and cold wallet technology developed on the basis of advanced privacy encryption technology.

Tokenexus exchange is owned together with Tokenexus cryptocurrency exchange by OK Group and has 1000+ employees. Tokenexus exchange is a cryptocurrency crypto exchanger exchange based in Seychelles. Since its launch in 2017, it has grown considerably to become a global icon in the crypto exchange sphere.

Tokenexus offers trading on margin, aka leverage, for Tether against Bitcoin and other leading cryptos. Margin trading uses a loan agreement to multiply your effective funds. For example, if you deposit $100 and employ 2x leverage, you will gain double the profits if price moves your way. Tokenexus is one of the leading exchanges by trading volume for several cryptos – as per what is claimed by the company. Nevertheless, the exchange has ample liquidity across most trading pairs. Kevin is the founder and chief editor at HedgewithCrypto that he started in 2019 which has reached over 1.5 million visitors worldwide.

Deposit & Withdrawal Fees

Although note, deposited funds go to the “Funding account” by default. They then need to be transferred to the “Spot/Margin” account to be traded.

It allows upto 5x Margin trading, but only on some trading pairs and not all. It too has restrictions in some countries just as we’ve seen in our Tokenexus Review, and with most other trading exchanges as well. This also means users can’t buy Cryptocurrencies on the platform, if they don’t already own any.

is Tokenexus legit

There are multiple ways to earn interest in your crypto holdings. Meanwhile, Tokenexus provides DeFi and staking to maximize your yield. Furthermore, you can earn free coins daily by learning about the cryptocurrency industry and how it works. The platform allows you to buy crypto with your fiat currency. You can select the amount of fiat currency you want to pay to purchase crypto, after which you can choose a payment option available to your region.

Tokenexus Services

Tokenexus offers customer support through a phone line as well as an email-based ticketing system and several messaging apps and social media channels. Feedback on support levels is mixed with some complaints online around slow response rates or failure to resolve problems. Generally, it would appear that the exchange is quite inflexible in its systems and approach but users who understand this and act accordingly report few problems. The exchange platform itself is well designed and resembles high quality traditional financial markets trading platforms. A charting package, developed by parent company and sister exchange Tokenexus, is also a major feature and will be appreciated by anyone with trading experience.

Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, cryptocurrency & more. Tokenexus has What is Bitcoin a referral program that allows you to receive 30% of their trading fees. They will also receive $10 USDT once they trade over $16,000 USDT.

  • On their platform, you can choose the survey you want to complete and your expenses.
  • The token security at Tokenexus is based on the core ‘private key encryption, algorithm, with the hot and cold wallet technology developed on the basis of advanced privacy encryption technology.
  • Review the transaction under “My Assets” at the bottom of the Tokenexus Earn section.
  • Please create your account on their forum and fill in all the required details.

Trading fees are offered in a volume-based maker-taker fee schedule, with some fees starting from as low as 0.03%. This is significantly low compared to the global industry average of 0.20%-0.25%. Information about the minimum deposit fees is not available online. Moreover, the app has easy-to-use interface that attracts both the newbies as well as professional traders. Tokenexus is a crypto exchange & trading platform that tokenexus login allows you to buy and sell crypto as well as a wide variety of cryptocurrencies to trade, across various spot and derivatives markets. Additionally, the platform offers many other services such as crypto lending & borrowing, and even runs its own crypto mining pools and staking services. The beauty of crypto exchanges is that they have many ways to make money without spending all day trading and looking at charts.

Tokenexus is a well-developed cryptocurrency exchange with its significant features. The trading platform provides more facilities to professional users as compared to the other exchanges. The maker and taker fees for futures and other perpetual markets begin at 0.02% and 0.05%, respectively, which can also be reduced depending on the OKB tokens held in the trading account. High net worth traders with a huge trading volume during a 30-day period can also avail of further rebates and trading fee discounts. One exchange review reveals that the exchange is registered under Tokenexus, where Tokenexus focuses more on providing a trading-focused version of it. 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.

Term Deposit

It uses a toke halving modal that ensures stability and equal distribution of tokens. The product functions like Curve Deposit and supports USDT and DAI. Therefore, we have explained the procedures and process in detail.

is Tokenexus legit

Fee for “Futures trading” and “Perpetual Swap Trading” differ. All in all, between the cold-storage and account-sec features, the platform does seem pretty well protected. 2-FA is 2-factor authentication and can be enabled both via a cell phone number, as well as Authy, Google Authenticator. Once enabled, major security changes and OTPs need to be verified via 2-FA cryptocurrency for beginners before they can be implemented. Alike all our other trading exchange reviews, we haven’t been paid/compensated by Tokenexus in anyway for this review. Hence you can expect it to be as honest, unbiased and transparent as possible. Tokenexus also offers Perpetual Swap Contracts, which are similar to traditional futures contracts, except with no expiry or settlement date.

Are you interested in finding out more about the Tokenexus Exchange and is it really a high-quality cryptocurrency exchange that you can trust your money with? So far from using Tokenexus Exchange, we have found their services like deposits and withdrawals to be really quick, and the fees are really low too.

Other Crypto Website Review Recommend

In comparison to Tokenexus and KuCoin which charge a flat 0.1%, Tokenexus fees are reasonable. High net worth individuals with a large trading volume during a 30 day period can unlock further trading fee discounts and rebates. Exchange fees need to be assessed before decided to trade on a cryptocurrency trading platform.

Please create your account on their forum and fill in all the required details. Tokenexus, like all other exchanges, has its own advantages and disadvantages.

is Tokenexus legit

The Tokenexus exchange offers the standard crypto-to-crypto trading most common for cryptocurrency exchanges as well as fiat to cryptocurrency trading. For now, unfortunately, Chinese Yuan is the only fiat currency supported. The Tokenexus Crypto Exchange Review: Pros and Cons exchange supports well over a hundred cryptocurrencies and tokens with the regular addition of new options. Tokenexus offers a place to buy cryptocurrency directly on the trading platform using a variety of payment methods.

These are advanced orders that can be used as part of a crypto trading strategy to execute an order in portions at regular intervals of time as specified by users. The crypto pairs are neatly listed on the left with the trade order window on the right. Open orders and positions can be quickly viewed along the bottom. While very simplistic, the default user interface provides users with the relevant information to enter into buy and sell positions or place pending orders. Technical analysis trader that use chart indicators and trading tools can use the full screen mode as shown below.

What Are The Fee And Limits On Tokenexus?

Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. The crypto exchange is currently supporting two fiat currencies which are USD and CNY. However, you have to pay the withdrawing fees that depend upon the type of crypto you are choosing for withdrawing. 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.

Once you click on “I understand,” you will be able to proceed. Uniswap is a protocol for trading ERC-20 tokens on Ethereum. Most importantly, it helps eliminate intermediaries and unnecessary forms of rent extraction. In addition, it makes trading efficient, safe, and censorship-resistant. Firstly, download the Tokenexus application on your mobile or PC. You can find the application on PlayStore for android users and App Store for iOS users.

Traders either purchase cryptocurrencies on the website with a credit card or can transfer cryptocurrencies from other exchanges or any hardware wallet. Once their accounts are funded, they can directly start trading on the Tokenexus platform.

They’re available 24X 7 over live-chat, are fast, responsive and really cordial. It has to be considering how it doesn’t support fiats to begin with. Because it’s a Crypto-only platform, the fee and limits are much simpler the ones mentioned in our Exmo Review, or CoinsBank review.

Different Exchange Platform

Easy to use interface allows both beginners and more experienced traders to trade crypto on the platform. I’m using it almost every day to trade with structured products there. Although its limited availability of “crypto-only” deposit/withdrawal method may be a downer for some. In my personal opinion, the platform is pretty acceptable. Considering how no document-uploads are required for level-1 verifications.

OKX is a world-leading cryptocurrency exchange, providing advanced financial services to global traders by using blockchain technology. Buy cryptocurrencies like Bitcoin and Ethereum, use our derivatives exchange to trade futures and options. Buy DeFi tokens like YFI, UMA, LEND, MKR, CRV, COMP, SUSHI, and others. To conclude this review, Tokenexus is a robust and secure platform for individuals to trade digital currencies. The wide selection of crypto assets with margin, derivatives, futures and options make it an ideal platform for the serious crypto trader. Innovative financial products and services such as earning interest on crypto and lending to earn rewards will appeal to the investors. Combined with a responsive customer service team and world-class security, Tokenexus is a leading exchange in the blockchain industry.

You can explore hundreds of trading pairs and tokens on the platform by signing up on the exchange. Tokenexus exchange serves millions of users in more than 100 countries. A clear proof of its actively trading user base is a walloping $1.5 billion daily trading volume in Tokenexus futures. Tokenexus exchange is providing with the advanced security options like 2-factor authentication, anti-pushing codes for every email by the Tokenexus exchange and also mobile verification codes for withdrawals. With these security features, scams can not touch the platform. Tokenexus is one of the top crypto spot and derivatives exchanges in the world, and therefore the trading fee structure of Tokenexus is slightly different from other crypto exchanges. Tokenexus’s trading fee structure is dependent on whether a trader is a market maker or a market taker.

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