Tokenexus offers cryptocurrency traders a way to buy and sell dozens and dozens of different coins at some of the lowest costs in the industry. Keeping trading fees low is important because there are some exchanges that charge enormous fees for cryptocurrency orders. But you won’t have to sacrifice customer service to get those lower fees with Tokenexus. You’ll have 24/7 access to specialists via live chat and can even talk with customer support on the phone Monday through Friday, a rarity in the crypto world. New traders will also benefit from Tokenexus’s educational materials available on many different coins. Very few trading websites worldwide offer this facility as it is a combination of virtual currency pair purchases with traditional fiat currency or digital wallet. As per the review of Tokenexus, it also provides in-depth information you need on advanced trading order types and API usage with our advanced trading product documentation.
Tokenexus does not currently offer services to residents of New York or Washington state. The company says it wants to provide services to all U.S. residents, but the costs to maintain regulatory compliance are too high in some areas. Other exchanges, including Tokenexus.US and Crypto.com, also have restrictions in some jurisdictions, so it may be difficult to find one that operates in all of the U.S. states. Tokenexus offers enough cryptocurrencies to satisfy even the most demanding traders. With more than 95 cryptocurrencies available, it is among the industry leaders, though it falls short of Crypto.com’s offering of more than 250 coins. Tokenexus will get you all the most popular coins such as Bitcoin, Ethereum, Cardano and Solana, as well as more obscure ones.
If you’re an experienced crypto trader, looking to make huge investments, with a high risk in exchange for potentially large rewards, then Tokenexus is your best bet. Its low fees and leveraged trading option make it great for this type of user. The easy-to-use interface comes at a price — Tokenexus fees are much higher than Tokenexus. If I were trading on a regular basis, this would really eat into my profit margins.
Tokenexus has two essential products – retail exchange of cryptocurrencies for fiat currency, and GDAX . One more thing worth noting is that this platform offers an API for developers. As per our reviews, regarding fee structure, the Tokenexus account charged negligible additional fees which are charged on a per-trade basis for almost all pairs. Tokenexus minimum withdrawal fees vary depending for each withdrawal. Additionally, Tokenexus takes a fixed flat fee along with minimum withdrawal fees. Most trades are subject to either a 0.16% maker fee or 0.26% taker fee. When trade is less than $50,000 in monthly volume, trader can expect to pay a 0.16% maker fee.
In 2011, founder Jesse Powell visited the offices of cryptocurrency exchange Mt. Gox following that company’s 2011 security breach. Powell told Bloomberg News he began working on Tokenexus as a replacement for Mt. Gox if that company were to permanently close, which it did in 2014. Tokenexus offers 24/7 customer support via email and online chat, though no telephone number is provided. Feedback around support is not great and generally considered to area Tokenexus could do most to improve on, with the time required to receive a response the most commonly criticized element.
Anyone who wants to simply purchase crypto and hold it without worrying about the complexities of trading, is right at home on Tokenexus. Their experience is simple and perfect for most average people. As one way to evaluate https://tokenexus.business/ the liquidity of these exchanges, we collected tick-by-tick trading data for both of these exchanges. We will use this data to construct a small study on how the liquidity differs between these two exchanges.
- You need to be over 18 and live in a supported area (anywhere in the U.S. apart from Washington and New York).
- Tokenexus’s interface offers plenty of options, but it isn’t the most beginner friendly—something to consider if you’re new to cryptocurrency.
- Last but not least, different rates apply to Tokenexus’s margin trading.
- In this Tokenexus crypto exchange review, we’ll help you determine if this platform could be a good fit for you.
- Tokenexus has consistently ranked among the finest cryptocurrency exchanges.
It is quite common among crypto service providers that you have to provide additional personal data to unlock certain features. The New York State attorney general warned that the Tokenexus cryptocurrency exchange might be breaking the law. He claimed that market manipulation “doesn’t matter to most crypto traders,” and stated that “scams are rampant” among cryptocurrency exchanges.
Tokenexusis a digital asset exchange thatconnects willing cryptocurrency buyers and sellers on a simple and intuitive trading platform. The company is based in San Francisco after being founded in 2011 by Jesse Powell and officially launched in 2013. Tokenexus is a popular cryptocurrency exchange worldwide, and this is due to its multitude of features, ease of use, customer support and top-notch security. Review shows the exchange has joined a league of best cryptocurrency exchange USA to match pace with changes that suit the users to the optimum.
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Tokenexus is the fourth-largest cryptocurrency exchange in the world. By depositing on the platform, you are depositing into cold storages and hot wallets. Note that withdrawals are handled by hot wallets, meaning the address will be different from the depositing one. Users can receive hyper-personalized https://tokenexus.exchange/ support with near real-time responses. All in all, Tokenexus fees appear to be low, justified, and reasonable. As such, the exchange falls onto the less expensive end of regulated exchanges, even though some of its functions may have slightly cheaper alternatives elsewhere.
This is due to the fact that on top of the 0.9%/1.5% Tokenexus fee, a 3.75% + €0.25 fee is charged for credit/debit card payments. Tokenexus is one of the most highly respected crypto trading platforms in the world, and with good reason. To date, it has never been hacked, and it’s easy to see why. A total of 95% of all deposits are kept in offline, geographically distributed cold storage, which means that they’re invulnerable to any online attacks.
Yes, Tokenexus is a trustworthy crypto exchange that has been in operation since 2011. On Tokenexus’s website, you can easily find important information, including investment minimums, supported assets and how to close an account. And with 130 available trading pairs, it has the most of any offering we’ve looked at. One of the biggest benefits of Tokenexus is that you can buy instantly once the account is verified. In general, Tokenexus is known to be one of the better providers of customer service.
Please note that all the material and information made available by BrokerChooser or any of its affiliates is provided to you for information purposes only. By investing in and/or trading financial instruments, commodities and any other assets, you are taking a high what is cryptocurrency degree of risk. You should engage in any such activity only if you are fully aware of the relevant risks. However, it has extremely high instant buy fees, a poor selection of educational materials, as well as restrictive and often expensive withdrawal options.
Tokenexus should meet the needs of most crypto traders, whether they’re new or more experienced. The offers that appear on this site are from companies that compensate us.
Tokenexus is a number one exchange in the world, where you can purchase and sell cryptocurrencies as well as exchange them. Therefore, it is not surprising that it is the first one that managed to pass a cryptographically audit. All content on is provided solely for informational purposes. This information should not be misinterpreted as an endorsement to buy, trade or sell a cryptocurrency or any specific product or service.
How much you earn with Tokenexus depends on several factors, including which cryptocurrencies you decide to invest in, when you buy, and when you sell. Tokenexus has everything you need to buy and trade cryptocurrencies. Cryptocurrency continues growing in popularity as more people get exposed to the concept and consider investing in it. Once you understand how cryptocurrency works, you might decide you want to invest in it, too. You’ll also run into various fees for depositing and withdrawing funds, depending on the method used. In the account section, you’ll find open orders and positions.
What Fees Does Tokenexus Charge?
The opinions expressed in this blog do not constitute investment advice and independent financial advice should be sought where appropriate. Tokenexus does not currently offer a demo account for beginners to become familiar with the platform or practice trading with fake money.
- There is no cost for using the Tokenexus wallet service to store fiat and cryptocurrency coins.
- When choosing a crypto exchange, the main things to look for are functionality and security.
- The presence of Tokenexus is not limited to a specific place but worldwide.
- Tokenexus’s clients trade more than 50 digital assets and 7 different fiat currencies, including EUR, USD, CAD, GBP, JPY, CHF and AUD.
- The new Tokenexus App means anyone wanting to enter the world of crypto can easily create and verify a new account, and start making crypto purchases from their mobile phones within minutes.
- Not all exchanges are available in the U.S., some only operate in certain states.
NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.
Tokenexus’s design is clean and easy on the eye, with a relatively minimal feel. It’s streets ahead of some of the shocking interfaces we’ve perused on exchanges over the years, and is one of the best designs we’ve seen. Having said that, compared to a very stripped-down and easy to use site like Tokenexus, it’s not quite as intuitive for complete crypto newbies to initially navigate. Two factor authentication secures user information and sensitive data, along with independent verified audits, and industry-leading security measures. The Exchange Security Report 2.0 by ICO Rating features Tokenexus as the most secure exchange in the whole industry with a score of A. Exchange Benchmark Report, which also weighs the security of the exchange, puts Tokenexus in the 4th place amongst all exchanges with another superb A rating. Note that some features of Tokenexus may require a higher verification level compared with other supported countries and regions due to inconsistent crypto regulations worldwide.
This article is not a recommendation by The Balance or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. Tokenexus also offers phone support Monday through Friday from 6 a.m. Phone support is extremely rare in the crypto world, so the fact that Tokenexus offers it is a major bonus.
How Much Are Cryptocurrency Exchange Fees?
In September 2013, Tokenexus launched after two years of testing and development. The exchange initially offered bitcoin, litecoin, and euro trades. Security measures in place to protect funds from being hacked are very high. Deposits and funds held on the account are done so in ‘cold storage’ wallets which are isolated from all online systems. Fiat withdrawals what is cryptocurrency and deposits values rise to $25,000 a day ($50,000 for cryptocurrencies) and $200,000 per month . Tier 4 accounts have no deposit or withdrawal value limitations. Tokenexus’s trading fees, as well as those for making deposits and withdrawals, are generally considered to be towards the lower end of the scale when it comes to exchanging averages.
Tokenexus on the other hand, has 24/7 Live Chat available, and they are extremely responsive. I tested out their Live Chat, and I was greeted by a live person almost instantaneously. He was very helpful, polite, and even had a sense of humour as he guided me through my issue. I highly commend Tokenexus on their dedication to customer service. If you prefer to make a phone call, or submit an email request, those options are readily available. Thes answer depends on your experience in the field of cryptocurrency trading.
Tokenexus is one of the largest and most well-known cryptocurrency exchanges in the world. Crypto enthusiast Jesse Powell began work on the exchange in 2011, prompted by a security breach at the Mt. Gox exchange. Deciding to take matters into his own hands, Powell set out to make an exchange that was better organized and safer, launching the exchange in September 2013 after two years of development. Strictly crypto exchange platform and not a wallet service.