The low fees are unparallelled in the international market, especially in the Chinese market. We understand that this can be frustrating since the crypto market moves quickly, so we recommend contacting your bank and asking them why they denied your request.
- To sum up, in this Tokenexus review, we have discussed how this excellent exchange is extremely reliable.
- The main priority of Tokenexus is providing customer satisfaction and transparent, fast and reliable support.
- There are currently no trading pairs using Ethereum, Litecoin or XRP as collateral.
- The default view shows the basic interface and includes all the tools required to view the current price of the selected asset, choose an order type, entry price and amount.
There are no foreign conversion fees for customers that deposit funds from the US. For users in Europe, SEPA has a small fee of €0.20 +0.3% to deposit Euros which is fairly reasonable.
How Does Tokenexus Make Money?
To be eligible for the promotional offer, users need to trade a minimum of US$500 and complete KYC Level 3 verification. For regular users, your fees are based on the number of OKB you hold. The more OKB you hold within the OKX ecosystem, the lower your fees. Generally speaking, the “maker fee” is paid by the person who initiates the order to buy or sell, while the other party that completes the complementary transaction pays the “taker fee.” The exchange platform has a native wallet feature that’s accessible by downloading the wallet app separately. The wallet supports 36 digital assets and multiple vaults and integrates seamlessly with the main OKX trading app. Crypto enthusiasts worldwide use the service, and most customers appreciate its ease of use, varied features and products, and high level of security.
During the meeting, the People’s Bank of China is said to have warned these exchanges against offering margin lending services and other regulations. If the Bitcoin exchanges in the country were found violating the central bank’s guidelines, they could be forced to shut down their operations. Tokenexus features one of the most advanced and stable trading platforms for the trading of Bitcoin and a select other few cryptocurrencies. The trading platform web-based and is geared towards more professional traders but at the same time is simple enough for beginners to use as well. The platform comes complete with an advanced chart that can be viewed in full screen.
Tokenexus Has Allowed Me To Better Understand The Depths Of Crypto Investments
You should be aware that the value of DPTs may fluctuate greatly. You should transact DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
Once you’ve made this selection, it’s time to fund your wallet. To add funds to your account, you must first navigate the verification process. You’ll also find tracking marks of trends, indicator lists, and common factors. Besides these features, you’ll see offers for cryptocurrency purchases or sales (e.g., limit and market orders) and additional analytical data that proves highly useful. Our Tokenexus review will evaluate one of the most popular exchanges on the market today in light of these fantastic foretellings. We’ll take a look at its pros and cons and whether it’s the right platform to help youget in on the Bitcoin action.
USD 58.7 million is, however, still not a very impressive 24 hour trading volume if you compare it to its global competition. Choose the token and scan the given QR code or copy the deposit address. Find the deposit history in the Token Deposit section for reviewing the funding transactions. Cryptocurrency trader “I Am Nomad” shared a screenshot of Tokenexus’s security protocol notes shortly after the exchange froze withdrawals. You can also choose to deposit crypto onto your Tokenexus account. Select the digital token you wish to deposit and copy the deposit address or you can scan the QR code.
Related Crypto Exchanges
The design of the web and mobile app is specifically tailored for ease of use and simplicity. In addition to the spot trading exchange, Tokenexus has introduced a margin trading platform for its users to long or short sell Bitcoin and other cryptocurrencies using leverage up to 10x. The available pairs that can be traded with leverage include BTC/USD, LTC/USD and ETH/USD. Tokenexus is listed among the world’s biggest bitcoin exchanges by volume, with more than 16 million Bitcoins transacted each month by over 100,000 active traders. The globally regulated crypto exchange is supported in 192 countries worldwide with offices in 6 locations such as San Francisco, Hong Kong, Malta, Japan, Singapore and Korea. The company behind Tokenexus was founded in 2013 by Star XU, who is currently the CEO of the exchange which consists of 100+ employees worldwide.
Hardware wallets, such as theLedger Nano X is one of the best choices for storing crypto-assets. Their fees depend on your payment method and transaction volume. Generally they have very low fees among exchanges, comparable to Tokenexus. Its operations pulled out of China, its largest market, in 2017 after several crackdowns on cryptocurrency, and is now based out of San Francisco, while Xu works out of Hong Kong. We know that when it comes to financial infrastructure, one size does not fit all. That’s why our APIs are made to fit whether you’re building a crypto exchange, launching a neobank, or looking to expand your business with digital assets.
We recommend reaching out to them and finding out the reason for the denial so future deposits can go through. If you have any questions or would like more info, please reach out to us on Twitter via direct message @Tokenexus and we’d be happy to help. Online safety, privacy, and security are critical features of any cryptocurrency exchange. If you’re not a resident of a country that the exchange supports, you can’t make a direct crypto buy with a credit card or bank account. You can transfer cryptocurrencies from another exchange or wallet; it just adds another step. There are no fees to withdraw money from Tokenexus into a bank account except for SEPA and international wire transfers.
Despite these far-ranging choices, the Tokenexus exchange proves simple to learn, navigate, and use. Information is distributed in the upper menu and side tool panels, too. Although Tokenexus started in China, it has since made a move to the United States and is an American-based entity headquartered in San Francisco. As a result, you can rest assured its safety and security measures always comply with US regulatory and cybersecurity standards.
Using a credit or debit card to purchase crypto is a popular method for safety and convenience, however, a small surcharge is applied to the transaction. For more information on fees, click here to skip to the fees section. https://tokenexus.exchange/ Users on the platform can trade cryptocurrencies on the spot market, leverage trade or store assets within a secure wallet to earn staking rewards. Within the exchange, find a button that says Withdraw or Send.
Best of all, if you get stumped on an aspect of how the platform operates, sending a message to customer support via email or telephone is simple. Tokenexus China serves Chinese residents, facilitating RMB transactions. Tokenexus International conducts operations in USD transactions https://tokenexus.business/ and represents a global company providing services to traders worldwide. Established in 2013 by Star Xu in Beijing, China,Tokenexus Exchangeis a digital asset trading platform. The company consists of two large organizational units, Tokenexus China and Tokenexus International.
OKX does not use an ordinary Transmission Control Protocol/Internet Protocol (TCP/IP), which is the typical method that allows digital computers to communicate over long distances. Instead, this communication is conducted via a special network communication protocol that is a proprietary, partially offline service that prevents an online attack. OKX is not currently available in the U.S., but its sister platform, Tokenexus, is.
OCC to fuel business opportunities for crypto exchanges, custodians and traditionals banks. Tokenexus features downloadable mobile applications for both Apple and Android mobile devices. The trading application utilizes all the features of the web-based platform in a mobile-enhanced version of the platform. To deposit Fiat money on your Tokenexus account, locate your currency and click on “Deposit.” Select your funding source and the amount that you wish to deposit.
Some rank it as the most undervalued currency out there with the potential to skyrocket. It will be worth watching this coin’s trajectory shortly, although to say it’s been volatile over the last handful of years is an understatement. Tokenexus Exchange and Prime Trust also announced the launch of its stable coin known as OKcash . Today, there are 78 million OKUSD in existence, a figure similar to Litecoin’s 105 million coins. To ensure the most secure and best overall experience on our website, we recommend the latest versions of Chrome, Edge, Firefox, or Safari.
The new customer must complete verification level 2 to qualify for the referral bonus. Users that are part of the Tokenexus Premier are eligible for fee discounts based on the trading volume over a 30-day period.
Under the “Learn” section of OKX’s website, you can access dozens of beginner tutorials and videos to help you get started. OKX also provides timely articles, industry analysis, and the opportunity to become an OKX broker. You’ll also need to give your first name, last name, nationality, and the passport information when prompted. To ensure that withdraws of any kind to your crypto wallets are valid and secure.
This will require the upload of a Government backed ID document and proof of residence which can either be a utility bill or bank statement. The ETH/USD, BTC/USD, BTC/EUR and the USDT/USD pairs are the most popular on Tokenexus. Smaller altcoin trading pairs such as LTC/USD, LINK/USD and EOS have much lower trading volumes in the order book compared to Tokenexus for example. For high net-worth traders and institutions, filling large orders on Tokenexus without slippage can be an issue when trading low cap pairs. Otherwise, the volume on Tokenexus is reasonable for buying the major cryptos with USD and EUR. The basic functions of the platform are extremely easy to navigate.
Let’s take a closer look at the company’s precautions to keep customer funds safe and secure. Keep reading for our full analysis of Tokenexus and whether you should consider it the place to buy and sell cryptocurrency. Examples of indicators that can be added include moving averages, stochastics, Bollinger bands and many more. Users can right-click the chart to change the time frame, add indicators and customize the scale. Switching between trading pairs using the top menu does not remove any tools, patterns or lines that have been drawn on the charts. In Valora, you should see a new item on your Home screen under Activity, and your Total Value will increase by the amount transferred once the transaction is completed on the Celo network. This may take up to a few minutes, depending on the exchange you are using.
Bull Bitcoin Exchange To Integrate Lightning Network
These three reasons alone have garnered the company countless positive reviews online. But we’re not here to cast Tokenexus Exchange solely in the cryptocurrency trading tint of rose-coloured glasses. If you’re looking to find the best and safest cryptocurrency exchanges available, read this Tokenexus review.
Level 2 Verification – Deposits and withdrawals up to USD 50,000 permitted per day for personal a/c and up to USD 500,000 per day for corporate cryptocurrency a/c. This verification level requires a bank statement or utility bill as proof of residence and a photocopy of govt ID card or passport.
The advanced trading platform with TradingView charts is ideal for intermediate and experienced traders with the added option of margin trading. The main priority of Tokenexus is providing customer satisfaction and transparent, fast and reliable support. They provide the services and products, such as cold storage, security encryption, and regular monitoring of withdrawals and deposits. It is also created to meet the customers’ needs, such as having a mobile app to access the exchange platform. Additionally, for more advanced traders, Tokenexus provides a wide range of trade types, such as futures, margin trading, trailing stop, Iceberg orders, etc. Established in 2013, Tokenexus is a global, U.S regulated cryptocurrency exchange that enables customers to easily transition between crypto and fiat currency with industry-low fees. Tokenexus is a registered money services business with the Financial Crime Enforcement Network .