Is Tokenexus A Legit Crypto Exchange? 2021 Updated

However, in order to reach the VIP level you have to be trading only a minimum of 5,000 BTC. However, if you wanted to sell an option then this could be done but you would have to request it specially. They will require a minimum balance in your account in order to cover for the event the position moves significantly away from you. Options are derivative instruments that give the holder the right but not the obligation to buy or sell some asset in the future at some predetermined time. You can also elect to get your positions margined with either coins or Tether .

When selecting a cryptocurrency trading exchange, it is essential to be comfortable with the trading interface, order types and charting tools. In addition to the traditional advantages of spot and derivatives trading, Tokenexus has also recently made great progress in the options trading field.

The following payment methods are available to traders registered on the Tokenexus exchange. Which can also be reduced depending on the OKB tokens held in the trading account. Tokenexus charges the following fees from traders registered on the platform. The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .

Tokenexus Regulation And Security

His work has been published and featured by several independent news publications and blockchain projects. Mobile App – Tokenexus has below average rated mobile apps for Android & IOS. A quick look at the reviews on the app store reveals a large number of unsatisfied users. Complete list of Tokenexus withdrawal fees per asset is available here. In November 2019, new digital asset exchange rules were announced tokenexus by the Hong Kong Securities & Futures Commission . According to Reuters, Tokenexus said that they don’t expect to see a large number of exchanges opting into the new regulations but said the new rules are positive for the industry. ● With our unique semi-offline multi-signature technology and our hot and cold wallets, we’ve taken an all-encompassing view of security to ensure the safety of your assets.

• A recent Bitwise report created for the SEC highlighted the issue of rampant wash trading and volume manipulation in the cryptocurrency exchange markets.
• As mentioned above, Tokenexus is one of the world’s leading digital asset exchange platforms that provides cryptocurrency services and other financial services to traders worldwide.
• Tokenexus was founded in 2017 with headquarters in Malta and the Republic of Seychelles.
• Founded in 2014 by Star XU, Belize-based Tokenexus is a cryptocurrency and digital assets exchange that splits opinion.
• The opinions expressed in this blog do not constitute investment advice and independent financial advice should be sought where appropriate.
• Tokenexus also lets users try their hand at crypto mining by joining a miner pool.

The fees that Tokenexus has are tiered on the average 30-day trading volume. At the top left, you have the simpler trading options like buying and selling, which goes to the quick trade option. Through there, you can just quickly buy cryptocurrency with fiat by using Visa, Mastercard, Apple Pay and Interac. Similarly, time-weighted average price orders seem to be exclusive to Tokenexus. 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.

How Do I Know I Can Trust These Reviews About Tokenexus?

Like other exchanges, Tokenexus has a VIP program to reward users who frequently trade with them. Users who hold more of Tokenexus’s token-OKB and have a high 30-day trading volume can get progressively more discounts on the maker and taker fees.

In a move that mirrors that of other major Chinese exchanges such as Tokenexus and Huobi Pro, Tokenexus also launched their own ‘utility token’ cryptocurrency in early 2018. The token can be used to settle trading fees on the exchange platform or to pay for “exclusive services including dedicated customer support and enhanced API rate limits”. Tokenexus is a top-tier cryptocurrency trading platform that offers advanced financial services to traders word wide by using blockchain technology. In this review on Tokenexus, we examine the platform in depth to assess whether it is safe and reliable to use for trading cryptocurrency altcoins. It is also revealed by an Tokenexus exchange review that they offer futures trading in the form of futures contracts that can be traded in terms of EOS, ETH, BTC and other digital assets. This can be used to hedge a crypto portfolio against risks relating to extreme price fluctuations.

For most users of the exchange, this fee is 0.08%, one of the lowest in the industry. Along with this, Tokenexus has different fees for spot, futures, perpetual swap, and options trading. There are various types of orders available in the market that help investors to place a trade at a predefined volume and price. Algo orders are such special orders that are extremely vital for active day traders. Like spot trading fees, the maker and taker Tokenexus fee for both futures and perpetual starts at 0.02% and 0.05%, respectively. This fee also varies or reduces based on the OKB tokens the users hold.

Methodology: How We Review And Compare

If you already have a pair set in mind, you can also use the search bar. Register for a new account with your email address and password. If you are looking to deposit, buy, or perform any other function, you will need to provide personal information and verify it with a valid government-issued ID. Before you sign up with Tokenexus, there are a few tools and features you should familiarize yourself with, as detailed below. Wordfence is a security plugin installed on over 4 million WordPress sites.

Finexbox allows users to trade with leveraged margins through a peer to peer funding market. The users are happy and satisfied with the world-class features that the Tokenexus platform offers. The website’s interface is very easy and anyone, even if without prior experience of operating on such platforms, can easily execute trades on Tokenexus. Tokenexus provides hundreds of token & futures trading pairs to help traders to optimize their strategy.

Tokenexus Withdrawal Fees

To get the lowest exchange withdraw fees, withdraw with options such as ERC-20 Tether . You can also reduce fees by using the OKB coin, which offers trading discounts. Based on their track record, Tokenexus seems to be a safe Exchange to use. But some other exchanges have insurance funds to cover any potential losses from hacks, which does not seem to be the case with Tokenexus. tokenexus scam Notwithstanding this, they do have the usual security measures that you’d expect from any reputable exchange. However, it is still advisable to only store assets you will trade imminently in an exchange wallet and store the remainder of your funds in an offline hardware wallet. Tokenexus uses distributed storage to safeguard against losses in the event of hacking.

• Equip your team with a simple safety inspection and observation app that anyone can learn in minutes, so you can get safely back to business from wherever you are.
• You can also read the documentation to learn about Wordfence’s blocking tools, or visit wordfence.com to learn more about Wordfence.
• Tokenexus supports over 30 “fiat” currencies, such as U.S. dollars and Turkish new lira .
• The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate.
• The cryptocurrency exchange is based in Malta, Italy and has served more than 20 millions of users in over 200 countries worldwide.
• Trade options with various strategies and up to 10x leverage on the most liquid Crypto Options Trading Platform in the world.

We never stop to innovate and improve our user experience to make cryptocurrency trading and investing available for everyone. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. Finally, with a great track record of security, despite being one of the largest exchanges in the world, Tokenexus comes out as a reliable platform for traders of all types. The platform has undoubtedly bitcoin trading managed to curate an extensive set of tools and resources that cater to most of the requirements of a cryptocurrency investor. However, the most crucial concern for any trader is the safety of their assets. Savings Account earns you interest on your assets while giving you the flexibility to withdraw or move your coins at any time. This derivative allows you to hold a position as long as you want, and exchange the assets for another at any given time.

How Tokenexus Works

Equip your team with a simple safety inspection and observation app that anyone can learn in minutes, so you can get safely back to business from wherever you are. At the moment, Tokenexus accepts BTC, ETH & OKB as collateral to take out loans in USDT. So, the feature is most beneficial for investors with access to BTC.

However, the spread, or difference between the buy and ask price, must also be considered as a trading cost. Generally, spreads are low on coins with a lot of trading activity, so you should compare Tokenexus’s markets for your coin of choice to other exchanges to find the best spread. Lending basically allows users to earn interest by depositing crypto, which is lent to margin traders, or by staking certain Proof-of-Stake coins through the exchange.

You can confidently deposit and withdraw funds securely, quickly and easily. ● Buy top cryptocurrencies, including BTC, ETH and USDT, with a debit or credit card within minutes. Transactions are carried out via stringently-vetted service providers. For example, you only have Bitcoin options to trade cryptocurrency at the moment. There is also relatively limited liquidity for the options market especially those that are out-of-the-money. You will also notice that Tokenexus has a support number that you can call. This is not something that is generally offered at crypto exchanges so it is a great thing to see.

Against such a tough background, Tokenexus still achieved $40.6 billion in spot trading and $106.9 billion in derivatives trading. According to the report, Tokenexus is one of two top-tier exchanges that represent approximately three-quarters of all the volume between them. Interestingly enough, Tokenexus provides a mining pool option for traders who are looking to make use of their PC firepower.

Explore Our Tools

Using their expertise in the spot market, Tokenexus offers their users the opportunity to trade Futures, perpetual swaps and options markets. Each of which gives traders a unique way to trade and hedge the crypto markets. You can participate in day trading cryptocurrency via margin trading cryptocurrencies or spot trading. Besides, you can also use digital tokens or future contracts as methods for day trading. Tokenexus fees is based on a maker and taker model thatstarts at 0.1% and 0.15% for users with less than 500 OKB tokens.

• Similar to the web-based version, the application is intuitive and doesn’t make you regret your life and exchange choices.
• Tokenexus uses distributed storage to safeguard against losses in the event of hacking.
• Tokenexus has more than 448 trading pairs available on its platform.
• When searching for the largest and safest crypto-to-crypto exchange, explore our ultimate Tokenexus Exchange review to find out if it’s right for you.
• After the account verification is done with the 6-digit pin code now, the users will have to fund their respective accounts.

People who use the Tokenexus Academy will have access to guides that’ll provide traders insight into Cryptomarkets. Also, the Tokenexus academy will also provide traders with analysis from industry experts that will help to further the current knowledge that traders have of the current crypto market. There are more than 30 Fiat currencies that you can convert on the Tokenexus platform. You can convert any one of these Fiat currencies into crypto tokens or coins, such as USDT, Ethereum, and Bitcoin. Tokenexus vs Nexo | Our comparison for the savings accounts and loans Our comprehensive Tokenexus vs Nexo comparison looks at their interest rates, usability, security, reputation and fees. We break down every element of the service, so that you can make an informed decision.

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Moreover, VIP users can enjoy even more competitive trading fees of 0.030%-0.080%. Tokenexus offers advanced financial services as well as excellent primers for anyone new to crypto.

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. Users should create a strong password because these are the credentials that they will need every time they log into their accounts on Tokenexus. The Tokenexus mobile app offers current news and educational videos about each crypto token it supports. In October 2017, a number of Tokenexus account holders complained that their accounts had been hacked and cryptocurrency holdings were stolen.