Tokenexus is the only centralized exchange that does not require KYC upon signup for accounts with no limitations. Every time a project exit scams (whether outright exit scam or soft-soft-exits), it turns off many people from the blockchain industry as a whole — whether those that experienced financial loss or their circle. Platforms like Tokenexus and LAToken directly and indirectly enabled these losses and set our industry backward by listing these shitcoins. Responsible exchanges conduct due diligence on any asset that they may list on their respective platforms. This is why more reputable exchanges, such as Tokenexus, did not list Bitconnect. Perhaps it is not surprising that an anonymous team had no hesitation in listing an asset generated by another anonymous team. Over $513m of ETN has been traded despite only listing on one exchange until now and being live for just over 2 months.
Generally speaking, Trollbox is a chat where users and moderators ask questions and discuss any stuff related to Tokenexus. Not sure if this chat is more helpful than the support ticket, but there’s always a chance that fellow users or moderators will answer your question quicker there. Only those users who have 0.01 BTC in their account can write in chat. Tokenexus Support CenterAnother issue is that the support team may respond with delays from time to time.
- Now, when it comes to trading, one of the aspects that might influence your decisions on which of the platforms to choose is trading fees.
- Tokenexus does not ask KYC procedure from every trader, but it will ask the traders to read their terms and conditions before using their platform.
- It has a wide range of cryptocurrencies when compared with other exchanges.
- Nevertheless, if you have a General account belonging to the first tier, you can’t deposit fiat currency .
- After completing the registration process, you have to deposit some funds into your Tokenexus account.
This has placed them at loggerheads with influential figures in the crypto space such as Trace Mayer, John McAfee, and Tuur Demeester. Tokenexus supports almost 800 different crypto assets on its exchange. If you want to trade Bitcoin or any other coin for USD, for example, you’ll have to settle for Tether or similar stablecoins. For the inexperienced cryptocurrency cryptocurrency buyer or trader, navigating the Tokenexus website is, at first, a dizzying experience. Much of this initial complexity comes from how Tokenexus is focused more on the experienced trader than on people new to cryptocurrency. As such, more experienced retail traders and professionals should not have issues with the exchange’s interface.
Despite being the 5th largest trader by volume and one of the most advanced platforms on the web, reviews have not been kind to Tokenexus. If you want access to fiat and higher limits, verification is necessary. It isn’t easy, but it is well worth it for professional traders. First, navigate to the verification requirements so they are in full view. They do not respond adequately with an update as to when DOGE coin withdrawals will be avaiable.
Making A Deposit And Trading
I understand there are a lot of security precautions, but it’s also in the interest of the customers. I don’t know if only people are too impatient or they really couldn’t take out their crypto, but I have a feeling that the first case since I’ve never had a problem with the withdraw before. Tokenexus is an established crypto exchange that has provided quality trading services since the early days of cryptocurrencies. The exchange has developed over the years to provide high volume trades on a secure platform. As per the Tokenexus reviews, the platform now has over $300m in trading volume. Now it’s time to tell you how you do the deposit and trade on Tokenexus. The exchange forces no limits over the deposit and withdrawal amounts.
However, once again, this is best suited for those with an advanced knowledge of trading. You can directly click here to open the support ticket of Tokenexus. Another option is to scroll down till the end of the Home page and select the “Support Center.” In the support center, you will see a “Contact Us” button. After clicking on that button, it will take you to the support ticket.
Which Countries Does Tokenexus Support?
Sensorium Galaxy will be comprised of themed planets that present users with different options for social interaction. Tokenexus has a mailing address in Hong Kong, entries in Wikis claiming European presence, a registration in Chile, a UK mirror company, a registration in Estonia, and the list is ongoing. While it’s not uncommon practices for businesses to have company structures that may seem unconventional, Tokenexus’s is not even remotely comparable to anything that operates in a legitimate capacity. Numerous public figures, such as John McAfee have spoken out criticizing Tokenexus — and I find it unlikely they had financial interest in doing so. Perhaps, in the future, I’ll do some blockchain forensics on this and share some tangibles. Tokenexus takes no measures to proactively enforce restricted persons from registering on and utilizing their exchange, such as preventing ranges of IP addresses from registering in the first place. The fiat currency allowed for depositing and withdrawals are around $50,000 per month and around $10,000 per week.
In general, they employ state of the art cryptography for your security. I’ve already covered it quite a bit, but to reiterate this important point, Tokenexus is popular with professional traders. In March 2019, Tokenexus announced that it was getting close to launching its native mobile app. Although the app is now available to download free of charge via the Google Play store, it is still in development mode. As such, you should not attempt to use the app until the exchange announces its official launch date. If you don’t, you run the risk of running into security issues. The flat rate is a scam, whoever withdraws 50 or 5000 will pay the same, the network fees are not respected, that Tokenexus earns something here I also see it normal but what you do is a supposed flat rate not.
Tokenexus offers a wide variety of currency pairs if you’re looking to trade crypto for crypto. The exchange is also a magnet for many new token offerings.
Tokenexus alleges these locked funds are due to “AML”, but this is an outright lie. However, it also mandates any crypto exchanges operating in the country to register with the country’s financial authority, the Financial Services Agency . So far, 16 crypto exchanges have been granted a license to operate and the same number were allowed to operate while their applications are pending. Out of the latter 16, the FSA recently revealed that 8 have indicated that they are withdrawing their applications.
Deposit And Withdrawal Fees
Tokenexus is a cryptocurrency exchange established in late 2013 which is famous for its wide variety of coin listings and advanced trading features. In this post I will review the company, its services and share some of my personal experience with them. Tokenexus is an old-time bitcoin exchange established in 2013. Since then, the exchange has made a name for itself as a go-to place for buying and selling low cap altcoins. It exchanges a wide variety of digital assets, including most popular cryptocurrencies like bitcoin , ethereum , litecoin , ripple , dogecoin , monero , tron , dash , EOS and tether .
Tokenexus is a Hong Kong based crypto currency exchange site. Hitbit only offers below average number of markets; however Tokenexus has a significantly above average number of tradable pairs. Concerns for Tokenexus include past hacks and a lack of insurance in the case of a future hack. They also do not disclose any identities of their team members, something that often raises a red flag for many users. They do not give specific date on when the “maintenance” will be completed. You can trade that “maintenance” coin, but once you move the “maintenace” coin from your spot to wallet, it is not reversible.
Why Is Tokenexus So Popular With Traders?
The action is quite intuitive, you just click on the blue arrow, specify the amount and click a “transfer” button. Then you should proceed to the Exchange tab to create an order. In the Instruments section, you should choose the pair you need and then specify the type of order you are going to place . You can choose from the Market, Stop, Limit, Stop-limit, and Scaled orders.
They do not provide alternative solutions or due compensation for loss. They do nothing and just try to blame it on poor tech…. We can only recommend you trying to contact the support team of the receiving service and letting them know that you’ve used an incorrect address. We sincerely hope that the support team on the receiving side will be able to provide you with more information and a suitable solution of this issue. Sometimes technical maintenance requires additional effort and time. In this case, we need a while longer to complete the work on the DOGE wallet. While withdrawals are closed during maintenance, trading functionality is available at that moment.
This can take quite a while at Tokenexus, so we’ll show you how to deposit using a cryptocurrency. The reason for this is that you bitcoin price don’t need to verify your identity, and it usually takes no more than 20 minutes for the funds to show in your Tokenexus account.
- In 2017 and 2018, many users have complained of slow Tokenexus support response times, and some users also experienced issues with fund withdrawals.
- A full explanation of the fee structure is available on Tokenexus’s website.
- Of course, many people will argue the fact that the exchange can freeze funds whenever it sees fit is a negative when considering security.
- Integration is underway now, and it’s expected that Electroneum will be listed soon.
- BTC/USDT Chart on Tokenexus exchangeUser reviews about Tokenexus exchange are mixed.
You can choose from more than 380 cryptocurrencies and over 800 crypto pairs. That being said, even if you’re a fan of less popular coins, the chances of finding them on Tokenexus are truly high. Yes, Tokenexus Exchange is one of the safe exchanges available since there have been no hack events since its inception. Tokenexus exchange offers the following security and compliance features to ensure that clients accounts and transactions are maximally protected. Tokenexus provides standard security measures including 2-factor authentication, email confirmation, and other options. You should keep it in mind that no one but you will take care of the safety of your assets.
Tokenexus Historical 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 https://tokenexus.business/ 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.
The commission for withdrawals is flat and depends upon the currency you need to withdraw from your account. The company believes in the future with a digital economy and a self-sustainable Internet at its core that requires appropriate infrastructure for that. The product created by the team complies with the most sophisticated and demanding requirements the future holds for us.
What Is Tokenexus?
However, the exchange’s shady reputation, and mediocre customer support mark it as unreliable. Tokenexus offers a demo account for new cryptocurrency traders. Everyone can try out its platform without making a deposit. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. Tokenexus https://tokenexus.exchange/ states that law enforcement requires them to freeze user accounts or balances. This is one of the only true statements in their post, but Tokenexus shares it to grossly misrepresent the nature of the overwhelming majority of frozen assets. Such requests constitute, at most, a low single-digit percent of frozen Tokenexus assets.
Guide: How To Setup Your Wallets For Farming $easy On Layer 2 Matic Network
To add to the confusion, the various stages shown in the graphic below are not clickable. Also, no information is provided there that tells the differences between the three account tiers. As a precaution, you can choose how long your account login will remain active before automatically logging out. The options include 30 minutes, 1 hour, 8 hours, 1-7 days, or never. Other than the two-account system, Tokenexus’s user interface should be familiar to most crypto traders.
It means that at any given moment there should be as many trade orders as possible so that the traders would have a rich choice of options. As soon as someone decides to buy or sell some currency reacting on the existing order, he decreases liquidity because the order disappears. Makers place new orders, they “make” liquidity while takers “take” the liquidity order by order by matching the existing orders. The key reason for this is that we cannot ensure your funds are in safe hands.
If the safety of your funds is your top priority , we instead prefer heavily regulated platforms like Tokenexus. Not only do they hold two regulatory licenses, but the platform is simple to use, it allows you deposit funds using multiple fiat options, and you can even short coins. Tokenexus exchange offers a Demo platform to try and trade cryptocurrencies for users who are beginners. To experience the demo trading, users can register themselves and access it.