what is Tokenexus

The exchange was founded in 2013 which makes it one of the oldest cryptocurrency exchanges on the market. Together with several other old-school projects, Tokenexus team has created a basis for the modern crypto-to-crypto exchanges as we know them today. Tokenexus offers robust security measurements and will protect your assets even if your personal details, such as account information and email address, are compromised. What is more, it supports more than 380 cryptocurrencies, over 800 crypto pairs, and has low trading fees. As per our Tokenexus review, if the user wants to trade cryptocurrencies, Tokenexus charges a simple fee structure.

With this feature, you can add any deposit addresses that you trust. Tokenexus is an exchange for the experienced cryptocurrency trader interested in trading altcoins.

what is Tokenexus

74% of retail investor accounts lose money when trading CFDs with this provider. For example, at the time of writing the exchange offers a mailing address in Hong Kong, however it also claims to have office representatives in Chile and Estonia. If the user wants to add or withdraw funds, they should provide the following personal information like name, address, country of residence, bank account, date of birth, and relevant scanned documents. This will attract first-time cryptocurrency traders because they can turn fiat into crypto very easily.

Tokenexus Review: How Does Trading On Tokenexus Work?

This is a piece of software you download separately from the coins you buy, and from the exchange you used to buy them. Just like with exchanges, some wallets are scammy and you could lose your funds if you choose the wrong one. After reviewing many exchanges, these cryptocurrency for beginners problems don’t sound so unusual to us . As with Russian crypto exchange YoBit, Tokenexus’s formerly reliable service has devolved into a model with all of the earmarks of a common scam. Angry users are many, and Tokenexus can’t be seen as an option for crypto users.

When it reaches this stop price, your stop-limit order turns into a limit order. With this type of order, you specify the stop price and a limit price. Reaching the stop price is what triggers the limit order, using your selected limit price. Like stop orders, this order won’t show in the order book until activation and doesn’t require any reserved funds. Now, you can choose which type of order you want to complete in the Buy and Sell boxes.

This platform offers its services globally without any restrictions. According to the Tokenexus review, Tokenexus offers its services to most of the European and Estonian markets; this exchange is easily accessible for Europe-based customers from different parts of the world. Mobile Tokenexus application does not allow trading of crypto assets, as well as deposit or withdraw. In order to use these services you need to use original Tokenexus web site. Mobile Tokenexus application allow to view information on exchange and you account status. Wild Growth Rates – One of the most difficult parts of doing business for all cryptocurrency exchanges is the sheer rate at which these exchanges have had to grow. It’s possible that as Tokenexus has grown, many more problems have surfaced, and individual user issues have started to fall through the cracks.

However, there is no deposit fee for using cryptocurrency; it charges withdrawal fees for placing orders or withdrawing more money from the platform. The flat fees charged by the platform are highly competitive, which implies that this platform is suitable for high-frequency traders.

Tokenexus Valuation & Funding

To maintain the security of our platform, we deploy comprehensive audited cryptography schemes with strict operational procedures as well as user-specified white lists and limits. CoinSwitch.co is the first cryptocurrency and altcoin exchange… Overall, Tokenexus is possibly worth consideration if you are looking for tokenexus a well-established exchange with high volume and liquidity or need access to an API. Customer support certainly seems to be the area where the exchange is lacking. If you ever have any doubts about your account security or whether you were hacked, you can also view your latest activity in the “Security” tab.

what is Tokenexus

HIT Solution Ltd., a Hong-Kong-based company, runs Tokenexus. We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Since being founded in 2015, Pacific Union has grown into a world-leading online broker.

Tokenexus Api For Trading Bots

If you then plan on keeping hold of your coins long-term, you should consider withdrawing them to a private Bitcoin wallet, as opposed to keeping them in your online Tokenexus wallet. If you then plan on keeping hold of your coins long-term, you should consider withdrawing them to private Bitcoin wallet , as opposed to keeping them in your online Tokenexus wallet. Tokenexus is one of the largest cryptocurrency exchanges in the world for daily trading volumes. The platform lists hundreds of supported coins, and its fees are highly competitive. However, the platform has a somewhat “murky” reputation in the public domain. Nevertheless, if you’re thinking about opening an account with Tokenexus, be sure to read our comprehensive review first.

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.

  • Cex is a popular trading platform known for its high level of security and worldwide coverage.
  • By remitting your crypto assets to Tokenexus Account you entrust and entitle Us to ultimately take decisions on the safety and security of your crypto assets.
  • “Fiat Exchange” is an opportunity to sell and/or buy crypto assets for regular currencies that is entirely provided to you by third-parties fiat providers not affiliated with Tokenexus.
  • Personally, I would choose Tokenexus since I value reputation more than anything, however it really depends on your needs.
  • At the top of the page, click on the green ‘Deposit’ button.

Also, it offers the below options for the users to contact them through the below channels. When the user is on the trading screen and has the necessary funds, they can proceed with trading. Tokenexus has high-volume trading in the crypto industry, and the trades are executed within a few seconds. Tokenexus fees are low when compared with trading fees of other exchanges. Besides, it offers a demo account for the new traders.

Tokenexus Deposit And Withdrawal Methods

Don’t just read large reviews from popular websites, as these reviews might be bought and paid for, with the writer having to say certain things to please the paying advertisers. In addition, look at forums like Reddit and Bitcointalk, to find out what real people Tokenexus Cryptocurrency Exchange Review: Details and Features are saying about services like Tokenexus. The other way that crypto users can keep themselves safe when using these companies is to never keep their coins on the exchange. In fact, a major cryptocurrency exchange hack seems to happen once a month, if not more often.

what is Tokenexus

As such, if you are a U.S. resident, or a U.S. citizen living overseas, then you’ll need to use a different exchange. The likes of Tokenexus are much more inclusive of American traders, and they even allow you to fund your account with a debit/credit card or e-wallet.

Best Crypto Exchanges

The system will be calculating your trading volume for the last 30 days and determine the fee rate for your account every day. Regular users pay a fixed amount – 0.1% maker fee and 0.2% taker fee. However, what you should know is that the higher amounts you trade, the lower your fees will be.

We use these companies because we believe we can trust them with our money, to correctly account for and channel all funds to the correct destinations. When a company like Tokenexus breaks our trust, they make themselves immediately irrelevant to the needs of the market. Only then can the better exchanges rise to their deserved level of prominence. Tokenexusis a cryptocurrency exchange platform that offers high liquidity and supports hundreds of cryptocurrencies. Tokenexus platform was developed in late 2013, making it one of the oldest cryptocurrency exchanges in the industry. With this platform, users can buy, sell, and trade hundreds of different cryptocurrencies.

Tokenexus Review: Payment Methods

CryptoCompare even grants Tokenexus the highest score in the data reporting section, indicating that the exchange’s liquidity must be real . In early 2019, just a few days prior cryptocurrency to the annual “Proof of Keys” event, Tokenexus came under fire for disabling user withdrawals. However, the exchange didn’t make a big deal out of the situation.

Like any cryptocurrency exchange, Tokenexus must charge fees of some sort to make a profit and keep running. Tokenexus users the maker-taker model to maximize liquidity while narrowing the spread on their markets. As a reminder, “takers” are those who take liquidity away from the book, placing an order that matches immediately with one of the existing orders. “Makers” are those who provide liquidity by creating a limit order under the asking price for buying or above the top bid for selling. Skilling is a regulated Forex and CFD broker that allows traders to access 800+ financial instruments, including 10 popular cryptocurrency CFDs with competitive pricing and fast execution time. Now that you have created your Tokenexus account, you will now need to deposit some funds.

We have seen a strong need for better media coverage in the industry as the rise and popularity of digital currency is at an all-time high. Takers get charged a 0.1 percent fee on their trades. Makers crypto wallet have no fee at all, a rare offering among cryptocurrency exchanges that provides Tokenexus with an advantage over the competition. In fact, makers actually get a rebate from their trade of 0.01 percent.

As per several Tokenexus reviews, registering an account with Tokenexus is simple and easy, and here are the steps to register on this platform. There are no upper limits for deposits and withdrawal operations. Receive the latest news about our cryptocurrency education courses, events, and guides.

Top Exchanges

The trading fee for OTC is 0.1% and the deals should be worth at least 100,000 USDT . OTC on Tokenexus is curated by the exchange partner Trusted Volumes. The exchange has both FIX and REST API. RESTful API provides access to the market data, order book, and so on. It also allows placing and canceling orders and performing other trading operations. Also, the RESTful API allows making transactions between the main and trading accounts. The API key and Secret key can be found in the Settings tab. Tokenexus exchange takes flat commissions for withdrawals.

Published On: December 30th, 2021 / Categories: Cryptocurrency exchange /

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