is Tokenexus safe

If you have deposited Bitcoin to your account, you will be able to purchase several different cryptos with Bitcoin. One more thing worth noting is that Tokenexus also supports some trading pairs which use Ethereum as a base currency. This means that if you want to take advantage of the BNB token for decreased fees on Tokenexus transactions, you can use either Ethereum or Bitcoin to purchase BNB. Tokenexus functions the same way, allowing users to deposit fiat funds and exchange them into cryptocurrencies. The main difference is that Tokenexus does not offer advanced trading options such as futures, options, and limit orders.

is Tokenexus safe

You can of course amend this at any time, although you’ll need to go through an extra couple of security steps. Although Tokenexus does offer a maker/taker fee structure, the standard trading fee that you will pay is 0.1%. If you are a market taker – meaning that you simply use the liquidity that is already available on the platform, then you can reduce this down to 0.09% if you trade more than 500 BTC in a 30 day period. Although a select number of nations can now use a credit card or bank account to deposit funds, we’ll make the assumption that you’re looking to deposit with a cryptocurrency. Tokenexus is also one of a few cryptocurrency exchanges that have its desktop trading application for both macOS and Windows.

Unlike PoA, stake pools and nodes in the PoS model are not approved or chosen by any central authority, making it far more decentralized. Ethereum is in the process of moving over to a new consensus model known as proof-of-stake in an effort to reduce fees. In this model, consensus is reached by using an algorithm that chooses a node to win a block of transactions. When a node is chosen, it produces the next block of transactions in the chain. Once they’ve won, the computer adds a new block of transactions to the blockchain.


The throughput was so high that the platform had to temporarily suspend new registrations. With that being said, Tokenexus has since increased its customer support team by a considerable amount. If you’re looking to use a traditional credit card to purchase coins, you can now do this directly from the Tokenexus website. In order to secure your account, Tokenexus will ask you to set-up two-factor cryptocurrency types authentication . This means that you’ll need to install an application like Google Authenticator on to your phone. Subsequently, each and every time you want to log in – or perform key account functions like a withdrawal request, you’ll need to enter a unique code that can only be found on your phone. Outside of its core exchange platform, Tokenexus has its fingers in a number of other pies.

The timing of the ICO, which occurred in June of 2017 at the beginning of the last bull market, was combined with Tokenexus starting in the world’s then-largest cryptocurrency market, China. Tokenexus has built a vast ecosystem of products and services to make it easier and more accessible for people in multiple jurisdictions to participate in the blockchain industry. If you’re just getting started with buying cryptocurrency, look for an easy-to-use platform with thorough educational resources to help you understand this complex, rapidly developing commodity. First and foremost, you’ll want a secure exchange, says Spencer Montgomery, founder of Unita Crypto Consulting, which helps the uninitiated learn how to start investing in digital currencies.

Asides from that, it’s worth to mention that Tokenexus’s international traders’ community is often rewarded with various contests and competitions with valuable rewards. At the most basic level , you will pay 0.02% maker fee and 0.04% taker fee. Tokenexus JEX. Tokenexus’s cryptocurrency futures and options trading platform. Tokenexus Futures with up to 125x leverage and margin trading with up to 3x leverage.

Summary Of Moneys Best Crypto Exchanges For 2022

Deposits and withdrawals that are made through several major payment channels and services, each with a good reputation, high performance, etc. BNB Pioneer Burn program, which cover potential fund losses for users who suffered from account breaches or human errors in transmitting cryptocurrencies. Security is the top priority to consider when picking an exchange to trade your crypto assets. The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities.

We considered each crypto exchange’s mobile and desktop interface and favored those with more intuitive designs. We also looked at the educational content and research tools available for users. The exchange offers what is cryptocurrency the largest selection of currencies among all the companies on our list — over 250 coins. Tokenexus.US also offers discounts for using the company’s proprietary cryptocurrency to buy and sell other coins.

Are Tokenexus And Tokenexus Us The Same?

Based on our research, is the most secure exchange among all centralized exchanges. When looking for crypto exchange, it’s essential to keep an eye out for fake websites and mobile apps. Serious traders are encouraged to keep an independent wallet to deposit crypto they aren’t actively trading. This is because you could lose all your digital currency if the exchange is hacked. Formerly known as Bitsquare, Bisq brings the clean, easy-to-use interface and vast coin support of centralized exchanges to a decentralized environment. 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. The exchange’s main highlight is its BlockFi Interest Account, offering up to 9.5% APY as monthly compounding interest to investors who store their crypto in the account.

is Tokenexus safe

Other than the CS team, Tokenexus offers a couple of FAQs and articles meant to help users get accustomed to the exchange and the way it works. The verification process requires users to provide Tokenexus with their full name, country, gender, a photo of passport/government-issued ID, and even a selfie with the passport. Another thing to note is the Tokenexus Coin, which was issued during their own ICO. The Tokenexus coin can be used to pay fees and it will also feature in their future plans to create a Decentralized Exchange where it will form one of the key base currencies. The advanced view uses a dark theme and makes the trading charts larger and the latest trade prices are displayed on the right with the buy sell boxes underneath. Scroll down to the “Withdraw” button to select the coin you want to withdraw. At Tokenexus, we are committed to user security, ensuring all the items listed in this article play a crucial role in our day to day operations.

Assets Available

If you’re wondering if you can buy stocks on Tokenexus using crypto, the short answer is yes. Tokenexus has opened a new prouct called Stock Tokens that allows verified users to trade equity shares through cryptocurrency coins such as BUSD. The available stock tokens that are offered on Tokenexus include Tesla, Microsoft, Tokenexus, Microstrategy and Apple. While there is always risk leaving assets on an exchange, Tokenexus is a trustworthy place with bank-like security measures to ensure funds are kept safe in a savings account.

  • You will get 25% off your commission rate by holding BNB coins – and a 10% discount when trading futures.
  • We recommend Tokenexus because it offers a one-stop-shop for all your cryptocurrency needs.
  • However, despite this, Tokenexus was able to systematically identify and reverse all irregular trades, meaning that the only people to lose money were the hackers.
  • Trust Wallet is the official wallet for Tokenexus users, a free app to store cryptocurrency that is highly rated by Google Play and App Store users.
  • Similar toBlockFi,, Tokenexus has joined the borrowing and lending space and offers its customer a savings account to earn interest on crypto.
  • A limit order enables you to set a trade order at a price of your choice .

There are many other exchanges and resources available, and the competition is getting tougher as is evident by the number of exchanges that have recently overtaken Tokenexus in terms of the trading volume. Contributing to the Tokenexus exchange and general ecosystem is very helpful for new tokens to get listed. There is a listing fee to get added to Tokenexus, but it is not a fixed number, and all listing fees go to the Tokenexus Charity Foundation.

What To Look For When Choosing A Crypto Exchange

Like many of the top exchange platforms in the space, it is doing everything to ensure user funds are safe. Today, the what is cryptocurrency exchange platform has registered over 15 million users, with its average daily trading volume hitting over $2 billion.

  • Their order book here is pretty simple; just select the coin you want to Buy or Sell and click a few buttons to complete the process.
  • Trade cryptocurrency contracts and assets with leveraged positions for maximum returns.
  • “Three months after launch, this unbanked crypto exchange made $7.5m in profit”.
  • You may even be able to buy crypto with a credit or debit card, though this may carry additional fees, some of which can get quite high, possibly up to 5% of your transaction.
  • Margin trading allows you to borrow money from the exchange to buy an underlying asset, in this case, Bitcoin, Ripple , Ethereum , Tron and the native Tokenexus Coin .
  • Go to the in-depth view to compare the level of buy and sell orders.

If opting to use fiat currency, or you trade more than 2 BTC per day, you will need to provide your personal information. On the one hand, it is true that Tokenexus offers a significant number of cryptocurrency pairs.

Read on to learn about the best cryptocurrency exchanges, how they work, and which one you should pick. Purchasing from a lesser understood asset class that exists in the “Wild West” does little for investor confidence. As you may already know, no matter how much exchanges improve their security measures, like Tokenexus did, there will always be some risk of hacking attacks. That is why some of the most trusted exchanges have refund policies in case of hacking attacks. In both cases, whether your account has already been hacked or you haven’t created an account yet but want to know what happens if your account gets hacked, what I would do is contact customer support. They will definitely be able to tell you what are the next steps to take and whether a refund is due.

What Is The Difference Between An Exchange And Autotrading Robots?

You can deposit fiat through a bank transfer or via debit or credit card payments. You should be able to purchase cryptocurrency and start trading on Tokenexus in about 24 hours after making the deposit. Tokenexus also offers a way to instantly purchase crypto, but the fees are at least 5 times as much as those above, 0.5 percent. So if you’re looking to buy crypto straight from a debit card and want to do it right now, rather than waiting for money to transfer to your Tokenexus account, you can make it happen.

If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. Tokenexus (which charges 0.5% for trading fees plus a flat fee of up to $2.99 per trade, depending on trade amount). For traders in a hurry, Tokenexus.US also offers a 0.5% Instant Buy/Sell fee. The scoring formula for online brokers and robo-advisors takes into account over 15 factors, including account fees and minimums, investment choices, customer support and mobile app capabilities. Tokenexus does a lot to provide safety for its users, such as implementing 2-factor authentication among other things.

Has Tokenexus Had Any Security Compromises?

You can buy crypto on Tokenexus with fiat currency by linking your bank card to your wallet or by making a direct bank transfer. If you’re feeling social, purchase crypto directly from other users through Tokenexus P2P.

Tokenexus Vs Tokenexus: Fees

Next up, there’s Tokenexus’s OTC (over-the-counter) trading portal for crypto whales, institutional investors, or large volume retail traders. Performing large trades via Tokenexus OTC desk reduces the risk of slippage when the price in the regular order books is suddenly moved due to large transactions. Also, you have to pass level 2 verification to be eligible for such trades.

Supported Crypto Currencies

This can take many years to master – which is why Tokenexus is arguably more suited to experienced traders. Before taking the plunge and signing up with Tokenexus – it’s worth seeing if there is a better broker or exchange out there for your personal needs. We have reviewed dozens of prominent exchanges in the cryptocurrency arena and found that eToro comes out on top. If eligible, you might also be able to deposit funds by performing a local bank transfer. Hover your mouse of the ‘Buy Crypto’ tab and click on ‘Bank Deposit’. Then, Tokenexus will display the bank account details and reference number that you need to use.