Tokenexus Alternatives 2021

Tokenexus Alternatives 2021

Tokenexus Alternatives 2021

Tokenexus review

The flat and dynamic fee structure is confusing and has led many users to question Tokenexus’s transparency and ethics. Tokenexus is one of the few exchanges that charges fees on crypto deposits. Based on everything that has been highlighted so far, Tokenexus is a solid and established exchange that can be used to access super low trading fees, as well as an unparalleled trading engine and API. The exchange is best suited for advanced users, but beginners can also get the hang of it in due time. According to the exchange, the OTC service is opened for users looking to trade above $100,000 worth of cryptocurrency.

Tokenexus review

The exchange has been operational since 2013 and claims to be headquartered in Hong Kong. There is little public information available on the company’s leadership structure, legal status, and asset security practices. Users are able to enhance their exposure to the crypto market by placing margin-backed trades, which entail trading via borrowed funds. Through this strategy, traders can increase the value of their deposit through the means of collateral, thereby accessing a higher profitability potential. Margin trading is extremely risky however, as users must cover any loss caused by falling crypto prices. For the BTC/USDT margin trading pair, users can expect a 1M USDT borrowing limit for long positions. Tokenexus’s trading view is all-inclusive, and includes most of the relevant data sets that traders rely on to make smart and profitable transactions.

Tokenexus exchange complies to international anti-money laundering and KYC rules. https://tokenexus.business/ Often it’s some mix of positive and negative information about the exchange.

The Location Of Tokenexus Headquarters

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. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at As you can see, the registration process on this platform is conducted in a very smooth way with minimum efforts from the user.

Tokenexus review

Processing and storing of information occurs in the territory of the EU. The Tokenexus exchange provides an opportunity to work even without registering. Additionally, unlike other websites, it offers demo trading, enabling you to try your hand at the market without risks and learn more about the advantages of the resource. Thanks to an order book, analytical materials, graphs and tables, you can easily stay up-to-date with the current dynamics of cryptocurrencies. What is Bitcoin Among the key advantages of the company, one should mention low commissions, high-quality support service, market and pending orders, to say nothing of an advantageous referral program. The functionality of the exchange is simple, but at the same time it does not look limited and provides many opportunities for trading. Below the chart there are blocks for creating bids to buy and sell cryptocurrencies, which allow you to make an exchange.

Tokenexus Review

Other than this, users can deposit and withdraw to Tokenexus using most of the supported cryptocurrencies. Deposits are processed after at least once confirmation is received, whereas withdrawals are theoretically processed instantly. Deposits and withdrawals may be delayed if the Tokenexus security system is triggered. This is not meant to happen often, but some users have reported encountering issues with withdrawing on-demand.

Registration doesn’t require any information and users can deposit and withdraw cryptocurrency using a general account. Since there are no fiat deposits on the exchange, bank account or credit card information is never compromised. While Tokenexus was initially designed to serve as a fiat-enabled cryptocurrency exchange, it has removed Ethereum many of its fiat integrations due to regulatory concerns. Nowadays, fiat deposits are only possible if users rely on the Changelly integration, which allows the purchase of crypto via debit cards and credit cards. OTC trading, or over-the-counter trading, lets users make high-volume trades without using the public order books.

It displays a withdrawal column that features a button for every currency you have in your account. Coins can only be withdrawn from the main account so you need to complete transfers from the trading account.

However, with several users coming forward every week about the issues that they have been facing with Tokenexus, it seems that trading with the exchange proves to be more trouble than it is worth. Other than that, the exchange also implements cold storage and advance encryption features when it comes to its infrastructure so users’ funds could remain safe and secure at all times. Users can deposit funds into their wallet address at Tokenexus, and can withdraw their funds from the exchange by providing any wallet address of their own. The trading fee is segregated between the maker-taker model, where market takers are charged a flat fee of 0.1% from each trade, regardless of the cryptocurrencies the trade is being executed in. Known as one of those exchanges that give new coins and tokens a chance to grow, Tokenexus comes to be the first choice of many when it comes to finding newer cryptocurrencies to trade. Blockfer.com is an independently owned and operated blockchain finance education and resource service. Blockfer receives compensation from select affiliations in exchange for sponsored listings, product placements, and referred users.

Through the OTC layer of insulation provided by Tokenexus, price fluctuations will have little to no impact on prices. Those who are interested in the service, must apply via the exchange’s partner website, TrustedVolumes. Some of the exchange’s main selling points include smooth order execution, limitless liquidity, but also a simple, yet powerful trading terminal. Featuring over 800 trading pairs and more than 500 spot instruments, it’s no surprise that thousands of users worldwide leverage Tokenexus’s trading services. Tokenexus has been part of the cryptocurrency community almost since the beginning, giving it plenty of time to iron out any issues with the exchange. It also has a lot of useful features, such as numerous trading options and tips, plus a user-friendly interface. It has multiple strategies in place to keep your information and account safe.

In spite of the fact the Tokenexus exchange happens to be a new trading and exchange platform for cryptocurrencies, it’s all geared toward achieving leadership positions in the market. It has a successful development strategy, which focuses on providing high-quality, safe and unique services. Today, the Tokenexus exchange is a simple terminal that is quite intuitive for professional market players and beginners of crypto trading. The platform offers not only crypto trading, but also an advantageous exchange of cryptocurrencies in fiat money .

Such results the project was able to achieve due to the provision of many currency pairs and good functionality. Trading Fee Discounts – Tokenexus offers trading fee discounts to high volume traders who upgrade their accounts by completing a KYC check. The Tokenexus TrollBox allows users to share ideas directly on the exchange and respond to one another for real-time discussions about cryptocurrency trading tactics, prices, and more. As long as users already have cryptocurrency to deposit to the exchange, Tokenexus provides a smooth transition to purchasing coins of their choosing. However, there have still been intermittent issues for users, such as deposits and withdrawals suspended for days at a time. Tokenexus is a cryptocurrency exchange offering a platform for buying and selling cryptocurrencies.

Tokenexus Technologies And Api Review

The main disadvantages of Tokenexus is the latency regarding their website, their deposit fees, and their ‘main’ vs ‘trading’ accounts. One of the biggest pain points of Tokenexus that I noticed is how unusually slow the site takes to load. We have tested their site speed across multiple computers using different browsers and it almost always takes at least several seconds to go from the exchange platform to the account page. This could be a back-end issue or a traffic issue, either of which could very well be resolved in the future. They also have a deposit fee, which is very unusual for major cryptocurrency exchanges. While most cryptocurrency exchanges do not have a deposit fee, Tokenexus charges a fee to deposit onto their site. The withdrawal fees are competitive and similar to that of other exchanges.

  • Withdrawals operate in much the same way, and increases to withdrawal and deposit limits will require further verification to obtain verified account status.
  • The majority of these listings are low cap altcoins with minimal liquidity.
  • Streamline your support workflows.Integrations Process critical app data on reviews, ratings, and ASO in email, Slack, Zendesk, Tableau, Webhook, and over 30 more services.
  • Since 2013, Tokenexus has been providing markets for Bitcoin, Ethereum, Litecoin, Dogecoin, Monero, USDT, and more than 300 cryptocurrencies in total.
  • To create an account, simply go to HitBbTC.com and register with an email address and a password.
  • Tokenexus trading, however, will deliver much of the information that you will need to figure out before trading.
  • Generally, the exchange asks clients to verify their accounts to get access to more features like lower fees and streamlined services.

The document «Privacy Policy» defines how to disclose information about customers. In this case, the exchange management introduces new rules and technologies that can protect user data (for example, General Data Protection Regulation, OPPA, CAN-SPAM, COPPA). Tokenexus collects the most complete information about its users (the registration date, visits, visited web pages, etc.). When needed, it requests personal information of customers in order to improve the overall quality of the resource and improve the website. This information is also required to personalize users and process payments. The exchange is obliged not to sell or use this data anywhere for its own benefit. It’s expected to do its best to ensure the security and confidentiality of any information about its customers.

Trading And Exchange Fees

New users will have a hard time finding benefit for using the exchange, but almost anyone else will find it to be a good choice trading new currencies. For traders who want access to a variety of coins that you can’t get anywhere else, Tokenexus is an excellent choice. Withdrawals operate in much the same way, and increases to withdrawal and deposit limits will require further verification to obtain verified account status.

  • First off, Tokenexus has a cutting-edge matching engine that makes trading easier and faster than on many other exchanges thanks to advanced order matching algorithm and real-time clearing.
  • Their platform is primarily built around trading cryptos through derivative trading or other approaches like margin trading.
  • Tokenexus Review Tokenexus is a US-based cryptocurrency exchange platform that allows its users to trade over 50 tokens and coins.
  • However, its troubles extend far beyond the McAfee beef — Tokenexus would constantly draw ire from its users for randomly freezing accounts.
  • A verification email will be sent immediately following registration to verify the email address entered.
  • The biggest difference between Tokenexus and other exchanges is the way in which funds are categorized on the “account” tab.
  • After completing our purchases we moved our new balances that appeared in the trading tab, back into the main balance and promptly withdrew to our secure wallets.

For Tokenexus there are two ways to do so, through an API upload or through a CSV history file upload. Either will work and allow CryptoTaxCalculator to calculate your crypto taxes and specifically your Tokenexus tax obligation. Featured and helpful reviews are the first to be noticed by users and in case of no response can affect download rate.

Tokenexus Exchange Review How Safe Is Tokenexus Exchange?

KYC/AML problems are often mentioned in negative reviews about Tokenexus exchange. When such things take place, many users begin to question the exchange’s intentions and publish negative reviews on numerous websites and social media. These delays in fixing tech problems may harm the people’s trust in the company and worsen the trading experience. Satisfied users usually praise the exchange functionality and a big number of available trading pairs.

Tokenexus review

The trading screen can be found on the exchange option where you can select trading pairs. Tokenexus’s tech support service works quite well, but sometimes there are complaints.

This year Tokenexus updated its fees policy and started to follow international AML/KYC rules. The exchange keeps on adding new coins to its roster giving a chance of entering the big market for the new crypto projects.

Tokenexus strongly encourages users to take advantage of the two-factor authentication. It also uses cold storage for most of its funds and relies on advanced encryption technology to hide your information from hackers. After selecting “Withdraw,” type your authentication code, assuming you enabled two-factor authentication for withdrawals.

Microstrategy Buys The Dip By Investing $25 Million In 660 Bitcoin

It does try to exemplify itself as the ‘most advanced Bitcoin exchange’. They also have a tab for ICO’s, or coins that were recently in the ICO stage and hit the exchange. They have https://tokenexus.exchange/ the usual order book, trade history, and charting application. Tokenexus is a global cryptocurrency exchange that does not require a trader’s country of residence to register.

Other people mention such flaws as a slow support team and technical shortcomings of the exchange. This type of order means that the trade will be executed only for a certain price or a better one.

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