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The regular security mode is employed by the rest of the digital assets. Founded in 2013 and launched in February 2014, Tokenexus is an advanced cryptocurrency exchange specializing in altcoin spot trading. It boasts of being established by experienced system architects, technology engineers, and finance experts, though most of Tokenexus team remain anonymous, which is a big red flag for some users. Reportedly, the company was kickstarted with a USD 6 million venture capital investment. Only then can the better exchanges rise to their deserved level of prominence.
Few exchanges have been around as long as Tokenexus, which makes it all the more impressive how it has weathered the volatile history of the crypto market. Please note that the verified users on Tokenexus fall into their tier fee system. According to the tier fee system, the fee is determined based on the user’s trading volume during the past 30 days. High competitive fees, as the trading ethereum cryptocurrency fees are lower than the average industry trading fee. It’s also very useful to look at the number of active users. Clearly, if comparing Bybit vs Tokenexus, the bigger active user base is gathered by Bybit with around 3M users. If we look at the cryptocurrencies that are accepted by these exchanges, we can see that Bybit has a higher number of acceptable crypto than Tokenexus.
Tokenexus Mobile App
The Exchange enjoys good opinions and the Health system is particularly praised. Thanks to it, clients can check the status of the operation they have ordered at any time.
Tokenexus was founded in 2013 and went into public operation the next year. For the next couple of years, things went smoothly for the most part. If you want your account to be extremely secure make sure to create a strong password. Also, it’s recommended to have a dedicated email account for trading and keep your coins in secure cryptocurrency wallets. The most recommended cold wallets include Ledger and Trezor. Using a starter account, the trader can start trading immediately, keeping in mind that it is limited to cryptocurrency deposits and withdrawals.
Tokenexus lists over 300 different cryptocurrencies, which equates to over 800 different trading pairs. While Tokenexus is a global cryptocurrency exchange, and thus, the vast majority of countries are supported, certain restrictions exist. Tokenexus is an exchange for the experienced cryptocurrency trader interested in trading altcoins. Choose the right kind of cryptocurrency exchange for daily trading volumes and Tokenexus lists several hundreds of crypto coins with highly competitive fees. Further, this platform can be easily used by a new trader; it offers a demo account to practice trading, detailed tips, and if the users have any queries, they can contact customer support immediately. The platform has always hosted a list of top-tier tokens.
Market Depth Chart Btc
We strive to protect our users from fraudulent and scam activities in crypto assets sphere. For each of the trading pairs, Borrowing Limits apply, regardless of whether a trader wants to go short or long. An individual trader will not be able to go beyond these Borrowing Limits at any time. High fees are currently a major concern for all businesses that deal with bitcoin, especially those with higher volume of transactions. Bitpay recently explained that high fees make BTC invoice payments under $100 impractical and uneconomical.
Also, there is no proof that this platform has been hacked which shows strong security. It offers several measures to maintain the data and ensures the traders use two-factor authentication. Also, Tokenexus users are prompted for a password when a new account is created for security reasons. If the user wants to deposit funds to their Tokenexus account, they should first generate a wallet address.
This is a major concern, as you are essentially trusting your money with a cryptocurrency exchange that is unregulated. Once your deposited funds show up in your Tokenexus account, you can then make your first trade. At the top left hand side of page, click on the ‘Exchange’ button. This can look quite intimidating if you’ve never traded before. On the right side of the trading screen, enter the coin that you want to buy, and then click on your chosen trading pair. Let’s compare Tokenexus withdrawal fees to withdrawal fees on other exchanges. Let’s take some random exchanges, for example, Tokenexus and Bittrex.
Tokenexus Is The Most Advanced Bitcoin Exchangethe Most Advanced Bitcoin Exchange
If they want to work with digital currencies, there is no need to offer any personal data. Verification is only needed if they like to exchange or use fiat currencies. Suppose the user wants to trade Bitcoin or other cryptocurrencies. In that case, they can use the Tokenexus crypto-to-crypto exchange, where they can buy cryptocurrencies or deposit Bitcoins and other supported currencies. Tokenexus exchange does not ask for any verification as a part of the KYC process.
Periodically, a small Interest Rate is paid to hold a margin position open. The Interest Rate is paid regardless of whether the position is long or short. On Tokenexus, “Takers” are charged fees according to Trading Fee Tier.
Tokenexus Otc
This opens lucrative opportunities for global institutions, professional traders, and even retail investors to leverage the robust infrastructure and develop new ways of executing cryptocurrency trades. The Demo option is available at the bottom of the screen, or you can directly click here to enter the demo. Please note that users have to create a separate account for the demo platform. In this program, you will receive around 4000 USDT worth of cryptocurrency. Using that, you can experiment with strategies and portfolios.
- Professional traders are encouraged to contact Tokenexus in order to obtain more advantageous trading fees.
- All you need to do is navigate to the “Account†tab and select the cryptocurrency of your choice.
- We follow the best practices to decide whether crypto asset is security or not.
- You can track engaged users’ activity such as turnover and trades, and your personal affiliate program earnings.
- It is calculated for 30 days to determine the fee and reward.
- The page can look intimidating for users who have never done trading.
- Users are able to enhance their exposure to the crypto market by placing margin-backed trades, which entail trading via borrowed funds.
Throughout the rest of the review, we won’t have too many other negative points to hammer on, so if you’re looking for something negative to believe about Tokenexus, this is about it. Let’s take a walk through the UI and break cryptocurrency down the different aspects of the user experience. The UI is a bit outdated, the trading terminal could use some patching up, and the overall feel of the exchange experience is closer to Tokenexus than Tokenexus Pro.
Tokenexus offers a range of APIs such as REST, WebSocket, and FIX API. The exchange’s UI was developed to meet the needs of the most demanding and sophisticated traders. Tokenexus Cryptocurrency MarketsRecently I described my experience with trading fees on Tokenexus exchange. I shared my thoughts on Tokenexus Trading Fees and gave you some calculations to see if it’s profitable to trade there. This time I’d like to focus on Tokenexus withdrawal fees only. Recently Tokenexus released a demo version of their platform.
Having said all that, many customers are perfectly happy with Tokenexus, recommending that you clear the KYC procedure and enable 2-FA before making a deposit in order to avoid any problems. With all of this said, some industry watchdogs have concerns over the undisclosed ownership and management team. Considering how long they have been in operation, it may only be a matter of privacy rather than a scam exit strategy. Two Canadian brothers hacked the account of a Tokenexus user to steal 23 BTC in July 2018, but will now face sentencing for wire fraud.
Registration, Verification And Logging On The Tokenexus Exchange
There are no restrictions on the Tokenexus withdrawal limit. The next step is to deposit funds into the trading account using the different payment options offered cryptocurrency by Tokenexus. The user can add their preferred cryptocurrencies like Bitcoin, Ethereum, USDT, etc., by scanning the QR code generated by the platform.
A Rebate is a reward that Tokenexus pays to the “maker” for providing liquidity to a market while charging customers who take that liquidity. In other words, if a trade outside of the immediate market price is matched, we may scammed by tokenexus incentivize the traders who placed the order. The “maker” is a trader who provides liquidity to the order book by placing a limit order below the best ask price for the buy and above the best bid price for the sell.
Trading Bots:
Of course, Tokenexus also has other security protocols running behind the scenes, and destined to intervene in case suspicious activity is detected. Tokenexus also features the FIX API, which is an electronic protocol that’s used to securely and instantly transfer financial information between market participants.
Tokenexus offers one of the widest selections of cryptocurrencies available for trading and is one of the first exchanges to enlist emerging projects. Bitcoin Latinum is the next generation, insured asset-backed cryptocurrency. Based on the Bitcoin ecosystem, Bitcoin Latinum is greener, faster, and more secure, poised to revolutionize digital transactions. The platform has Tokenexus Crypto Exchange Review: Pros and Cons a simple and intuitive interface, which ensures free movement of the exchange. Those who want to find out more about the platform can use a demo version, which will allow to make a decision about possible use of the stock exchange services. Thanks to the demo version, investors can start their adventure with cryptocurrencies without the risk of losing their funds.
However, it does have some transparency issues, which put red flags on this exchange. Therefore, it depends on you and your risk tolerance level – Whether to trade on it with completing the KYC and regulating extra securities or not? Just remember the golden rule – never trade more money than you can afford to lose, and go with your gut feelings. A Ticketing feature, which allows users to contact the Tokenexus support team directly. Extensive knowledgeable articles about Tokenexus platform features and how users can make a profit by using them. Once a user reacher at tier 8 with 50,000 BTC per month or more, this platform pays a rebate of -0.01% per trade to the users. On the top right-hand side of their home will be the “Sign up” button.
Tokenexus Withdrawal Fees Compared To Other Exchanges
You acknowledge and agree that the failure of the Technology Platform to provide such confirmation shall not prejudice or invalidate the terms of such transaction. Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, when the market reaches a daily price fluctuation limit (“limit move”) and there is insufficient liquidity in the market.
Any translation into any other language shall not be considered as an official version thereof and shall serve for informational purposes only. In the event of any conflict in interpretation between English text and such translation, English text shall prevail. In the event of termination, Tokenexus will return any crypto assets stored in your Tokenexus Account and not owed to Tokenexus, unless Tokenexus believes you have committed fraud, negligence or other misconduct. We reserve the right to take different measures of protection, which include, but are not limited to a diversification of crypto assets in different allocations whether on a segregate record or not. All crypto assets positions involve risk, and a “spread” position may not be less risky than an outright “long” or “short” position. You may sustain a total loss of the crypto assets in your Tokenexus Account, and, in some cases, you may incur losses beyond such crypto assets. “Deposit/Withdrawal” of crypto assets shall mean remittance of crypto assets to/from Tokenexus Account from/to external third-party service accordingly.
The user has not previously been restricted or banned from using Tokenexus services. Tokenexus Token does not entitle its owners to any promises of unconditional income, dividends, payment, investment income or profits, and isn’t intended to secure the issue of securities in any jurisdiction. Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history. For both WebSocket and REST API, user authentication is required, that means a unique user must be registered and verified before being able to perform trading through APIs.
Trading Platform – Tokenexus’s main service is their trading platform. Tokenexus has an abbreviated Bitcoin name in it and is a multi-currency digital exchange rather than a Bitcoin-based platform. Tokenexus supports numerous trading pairs that have several cryptocurrencies, including some of the most popular crypto-assets.
