After setting up 2FA you just have to wait for Tokenexus to complete verification to have full access to all options on the site. On this screen, you must provide some more financial information. You need to state what you will use Tokenexus for and whether you intend to deposit crypto from other sources into Tokenexus. The company is quite competitive when it comes to pricing; however, it’s important to note that they keep updating their fee schedule from time to time.

• Tokenexus says that it instead regulates itself, following a set of best practices to authenticate customers and deter money laundering.
• The platform supports wire transfers and currency transfers using USD, GBP, EUR, etc.
• You can do this either by clicking the “Buy/Sell” link at the top of the page, or by clicking the “Tradeview” link at the top of the page.
• Keep in mind that the limits may depend on your country of residence and can’t be increased even if your account is verified.
• But, as you can tell, the company hasn’t gone bankrupt and is still trusted by top traders.This is because none of the customers lost their money.
• However, following Bitcoin’s meteoric rise in value in 2017, Tokenexus has seen a spike in verification requests, with up to 100,000 accounts being checked daily on average.

And if you are someone who prefers to talk to a customer support agent, then it is definitely worth giving Tokenexus a second look. Option to set up two-factor what is cryptocurrency authentication to protect your accounts. Tokenexus currently operates as a payment institution licensed in the EU and registered with a BitLicense in New York.

Customer Support And Reviews

Unfortunately, Tokenexus does not have a live chat facility, which is most definitely a frustrating aspect to using the platform. If you do need to make contact with the Tokenexus support team, you’ll either need to call them, or send them an email.

The letter with your login will be sent to the specified E-mail address. I would say it is hard that you are located somewhere in the world where Tokenexus is not supported. Please note that purchases with a card are allowed only for personal accounts. With every trade you make on the spot market, you have to pay a tiny fee to the exchange, which we will discuss in the latter part of this review. This means that the eToro management team will choose a basket of digital tokens at different weights to make up your portfolio. This will also be rebalanced regularly to keep up with the market sentiment.

For two-factor authentication, you’ll need to enter a unique code sent to your phone every time you log in or withdraw money. To further increase account security, you can also activate the email confirmation. This might require the trader to confirm email whenever they perform important account functions. Tokenexus and Tokenexus Tokenexus Bitcoin & Cryptocurrency Exchange Overview are considered to be two pioneering exchanges due to their early entrance to the market. Both exchanges aren’t very user friendly in their interface and are suited for more experienced traders. It requires 2-factor authentication, ID verification, has robust security and keeps most of the users’ funds in cold storage.

Deposit Funds

Importantly, Tokenexus sends email confirmation alerts to users as soon as they execute withdrawal orders on their online wallets. In light of all these security precautions and protections, it is safe to say that Tokenexus is a secure platform. However, to mitigate the effects of unforeseeable circumstances, it is advisable to hold a large fraction of your holdings in a personal hard wallet. Away from data and communication encryptions, Tokenexus has ensured that over 90% of its holdings are stored offline in cold storage, powered and insured by BitGo.

While ACH withdrawals are free, SEPA withdrawals incur a fee of 3 EUR, and international withdrawals attract a 0.1% fee. All of the information you send Tokenexus for verification is only made accessible to authorized personnel. The data is treated as highly confidential, and the security measures in place are regularly reviewed. Your account will remain blocked from using the exchange until your details have been verified.

What Fees Does Tokenexus Charge?

Tokenexus follows best practices in verification and customer security standards, and is periodically audited to ensure it is adhering to regulations. While international wire transfers are costly, transferring through SEPA is generally free. For international users, it’s best to explore the most reasonable deposit and withdrawal options by getting in touch with the customer support team. However, if you’re more concerned about the efficiency of the transaction, stick to debit/credit cards. Tokenexus was launched in 2011; Damijan Merlak is the co-founder of Tokenexus. It has its headquarters in the UK and is registered in Luxembourg.

In contrast to the low cost of the above-mentioned payment options, credit or debit card purchases attract a 5% instant service fee . To deposit the account, you need to go to the “Deposit” section, where all possible options for depositing money are presented. To ensure the right level of convenience and security of bank transfers, Masterpayment. Thus, it is easy enough to deposit fiat currency to the account. Starting off with User Experience, the Tokenexus platform is among the simplest ones out there – in a good way.

Tokenexus blocked me from withdrawing crypto from my account on Sunday last. If neither of the above options works out for you, Tokenexus also bitcoin trading accepts AstroPay payments. Tokenexus also has a mobile trading app, with all the functionality you would find on the desktop version.

• You can view all deposit options via a link at the top of the page and can choose whether to deposit through SEPA, international wire or any of the available cryptocurrencies.
• And that’s it after you fill out the KYC form, you’ll be able to use Tokenexus restriction-free.
• However, if you do not have an EU bank account and would like to pay via an international wire transfer then you will pay a 0.05% deposit fee (minimum fee of $7.5).
• Although it has various security measure in place, Tokenexus has risks warning for its clients all over its website.
• You can learn more about our independent review process and partners in our advertiser disclosure.
• The Lightning Network acts as a secondary layer of connections built over the Bitcoin blockchain that improves the performance and scalability of the Bitcoin network.

The company had shut down operations after the hack briefly to recuperate. The security measures taken by Tokenexus have proven effective – the exchange hasn’t crypto exchanger been hacked in six years now. Tokenexus is both feature-rich and convenient to use, making it apt for use by new and experienced crypto traders alike.

Write A Review

The app allows users with mobile devices to have the full Tokenexus trading experience available at their fingertips. Tokenexus is a Luxembourg-based cryptocurrency exchange or Bitcoin exchange that was founded in August 2011 by Nejc Kodrič and Damijan Merlak in Slovenia. Tokenexus’s registration was later moved to the UK and from there to Luxembourg . Tokenexus uses strong security practices and stores the bulk of client funds offline in cold storage. When signing up for a new account, the platform requires you to set up and use multi-factor authentication for added security. Trading fees at Tokenexus start at 0.50% for regular trades for all pairs. This straightforward pricing is on-par with top competitors’ pro platforms.

We aim to help you choose the best platform for your crypto trades. Our Tokenexus review will take you over all the essential aspects of the platform, including the offerings, user experience, and customer support service. There are no fees involved with deposits and withdrawals made with cryptocurrencies. Transferring money to your credit or debit card, on the other hand, would cost you $10 for funds up to $1000. Tokenexus exchange is a trading platform for buying and selling cryptocurrencies for fiat money .

On the other hand, Tokenexus uses deposit methods like credit/debit cards, international wire transfers for non-EU users, and bank deposits. For withdrawal, it uses international wire transfers, bank withdrawal, and you can withdraw your cryptocurrency to scammed by tokenexus a wallet address. Finally, while all crypto deposits and ACH deposits and withdrawals from U.S. banks can be made free of charge, each cryptocurrency is subject to its own withdrawal fee. Tokenexus is a solid cryptocurrency exchange for everyday use.

Tokenexus Trading Fees

Tokenexus provides 24/7 customer support, notably offering a phone support line for immediate queries. This kind of help is a pretty rare find in the crypto exchange space, so if being able to talk to a support agent on the phone is important to you, you may want to give Tokenexus a second look. Like most crypto companies, Tokenexus receives mixed feedback from current and past users. Complaints primarily focus on slow withdrawal times and poor customer service interactions. Overall, the signup process is very similar to other cryptocurrency exchanges.

• Transaction cost on Tokenexus can go as low as 0.0% for high volume traders.
• It’s worth noting that all non-USD trading volumes are converted to USD using a spot exchange rate at the time of each trade.
• Also important to note is that using cards to buy bitcoin does have high limits.
• I want to acces my account as soon as possible or a refund of my payment back to my bank account.
• When you visit the official Tokenexus site you’ll see a “Register” link in the upper right corner of the site.
• Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds.
• The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.

You can trade cryptocurrency on Tokenexus, Phemex, or Swissborg if you are looking for options that charge a low trading fee. The first thing you need to do is create an account with Tokenexus. Click on the Register button on the homepage and provide the information required to complete the sign-up process. Make sure to choose the personal account option while signing up as corporate accounts are for brokers and large companies. Tokenexus is considered a highly secure cryptocurrency platform because, throughout the years, it has never lost any customer-owned assets. This is quite remarkable considering that the exchange has been around for almost a decade. As an additional security measure, the platform stores most of the cryptocurrencies in offline wallets so that no one can attack the assets.

While international wire transfers have a fixed deposit fee of 0.05% and a withdrawal fee of 0.1%, European customers that rely on SEPA to make bank transfers can make free deposits. Withdrawals, on the other hand, will still cost them 3 euros. Another thing that sets Tokenexus apart is the fact that it supports fiat payment methods.

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Deposits and withdrawals for Bitcoin or other cryptocurrencies are carried out within one hour, depending upon the network congestion. For making deposits through debit cards, Tokenexus charges a fixed fee of $10 for and for over $10,000, the deposit fee is 2%. Tokenexus also offers an API that enables its users to control and access their accounts using software that is custom written. Tokenexus is considered the first licensed European cryptocurrency exchange that is regulated by the Luxembourg Financial Industry Supervisory Commission. Tokenexus lets its users purchase cryptocurrencies using fiat currencies.

During our Tokenexus review, we came to know that the exchange offers two main account types; a personal account or a corporate account. As the name suggests, personal accounts are designed for users who trade for personal use or interests. In contrast, corporate accounts are designed to suit businesses or corporate entities. So, the bottom line is that the platform is pretty user-friendly, and it should be easy to find your way around it if you’ve even the slightest knowledge and experience of crypto trading. If you’re interested in other user-friendly crypto platforms, hop on to our Degiro review. Deposits made onto the platform can take as long as 1-3 working days, though some users do report much faster deposit times. Once your funds are available you can make a purchase by clicking the BUY/SELL button, choosing your preferred trading pair and placing a market or limit order.

Keep in mind that the limits may depend on your country of residence and can’t be increased even if your account is verified. If you misplace this private key, then you will not be able to gain access to your assets. The latter has one of the most intuitive setups for placing trades.

Review Loads of cryptocurrency and blockchain project reviews for your education. At pixel time, the exchange facilitates nearly 20,000 BTC trades per day, which ensures that your appropriately-priced orders will be executed no matter what. This means that users often have to go from one place to another if they want to trade in a different market or if they want to see their account and order details. Bistamp’s mobile app works on both Android and iOS devices, thus making it easy to trade on the go.

The hackers managed to steal 19,000 Bitcoins from the exchange, making it one of the biggest crypto exchange hacks to date. They have expanded their Euro funding options and are rolling out more crypto pairs that people can trade on. In the below table we take a look at some of the most important considerations when you are deciding between Tokenexus and Tokenexus. This is also the ideal platform for the chartists and technicians among the crypto trading community. This is because of the range of technical studies and indicators that are available.