Tokenexus 2021 Review

Investors and traders who understand how to read live crypto charts. I nearly lost all my savings due to this company, if it wasn’t for swiftrecovery.link who were able to withdraw my funds for me, would have in tears.. The article selection is vast and you can find the What is Ethereum answer to most basic inquiries, but if you can’t find what you’re looking for, you’ll need to submit a support ticket. The support ticket feature allows you to upload images and screenshots, so be as specific as possible when submitting your request for a prompt answer.

Your application for credit products is subject to the Provider’s terms and conditions as well as their application and lending criteria. Tokenexus ran into a verification time snag recently as its client base expanded rapidly. The company has since tripled its support team to better streamline the verification process. Make fast transactions including spot, futures and P2P trading with this cryptocurrency exchange. The exchange is accessible to view worldwide, but it is only available for use for those living within Australia or the United Kingdom. Additionally, 90% of the funds held by Tokenexus are stored in offline wallets to avoid external breaches. Tokenexus also claims to hold at all times sufficient reserves to cover customer balances with matched durations and in the appropriate currencies.

This does not particularly render the platform user-friendly, which is a deterring factor. Tokenexus is a cryptocurrency exchange that was established is tokenexus safe in 2013 in Australia. The exchange is mainly focused on the local market of Australian investors, though it does provide limited service worldwide.

Cryptocurrencies Accepted:

All banking can be done from a singular platform — deposits, withdrawals, transfers, purchases and sales. Not only do users get access to a speedy exchange but also a digital wallet to store their assets. If you’re from Australia, you have the option of funding your account via your local bank account. Once your account is funded, you can then buy and sell cryptocurrencies. The Tokenexus exchange platform charges a flat rate fee of 1% on the buying and selling of all crypto assets. And this fee when in comparison to other fiat-to-crypto exchanges in Australia is quite on the high side.

Tokenexus Rewards points can be exchanged at the Tokenexus Rewards Store. Tokenexus has a mobile phone app for iOS and Android devices that you can use to buy and sell crypto. The web version of the platform is also mobile friendly and can be used on smartphones. Before depositing funds, you should Tokenexus Crypto Exchange Review: Pros and Cons setup and activate 2FA and SMS authentication for extra security. This can be found under ‘Settings’ and going to the ‘Enhanced Verification’ section which you can read more abouthere. I had the below response 8 hours and now cannot get a response to what is happening to my funds.

Minute Review

Please let us know your support ticket number or a Tokenexus username so we can assist. The Exchange proves clean, minimal, and sleek, which makes trading cryptocurrency trading a visually appealing experience. That said, it remains somewhat basic and doesn’t offer advanced drawings tools, indicators, and order types.

Using the OTC platform, investors can carry out off-exchange trades above 50,000 British Pounds or Australian Dollars. Trading cryptocurrency with peace of mind involves selecting the right crypto exchange.

Since May 2021, UK residents have also been able to instantly buy Bitcoin and any other supported cryptocurrency with a debit or credit card. You can link up to 3 cards to your account and most people will have a limit of £10,000 per day.

Tokenexus Instant Exchange

However, for crypto and AUD pairs it charges a flat rate for its makers and takers fee which is usually between 0.15% and 0.20% on each trade. The trading fee is usually subtracted from the main balance and therefore does not affect the initial order margin. Furthermore, clients that trade more than $10M in trading volume each month will receive a discount on trading fees seeing them pay as low as 0.10%. For crypto deposits, Tokenexus operates just like a regular crypto exchange allowing its client to send crypto from an external crypto wallet into the unique Tokenexus crypto wallet. It takes just a few minutes for the entire transaction to be processed but it takes a longer time when the volume being transferred is huge.

• The security features are also impressive compared to other exchanges.
• Based in Australia, the support team works regular office hours in Melbourne.
• Most places I’ve checked out do allow deposits/withdrawals of cryptocurrencies they support.
• SMS messages are not encrypted by phone providers and can be vulnerable to security threats such as port forwarding or interception.
• Our OTC trading desk is also available for larger trades needing privacy and flexible settlement.
• The exchange platform also makes available a dedicated support page known as Knowledge Base which consists of various articles that assist investors with complaints.

The customer support is available 5 days a week and from the hours of 8 am to 6 pm Melbourne time. The exchange platform also makes available a dedicated support page known as Knowledge Base which consists of various articles that assist investors with complaints. The Tokenexus exchange platform offers impressive customer support to its clients in all areas. It makes available support agents that are diligent and ready to respond to requests and complaints within 2 business hours. In fact, there are more advanced attributes on the Tokenexus exchange that suits crypto investors and trader better compare to the fiat-to-crypto trading platform. For the Tokenexus exchange platform, it gives the highest priority to the safety of its client’s investment fund, personally sensitive information, and the exchange itself.

Does Tokenexus Allow Smsf Investing?

The offering of crypto assets on Tokenexus is quite limited compared to Tokenexus and Swyftx which have over 280 digital currencies. This is one area that could be improved to cater for savvy altcoin investors. Like many other crypto exchanges out there, Tokenexus relies on a maker-taker model for trading fees. These rates begin at 0.2 percent and go up to 0.15 percent per trade.

• However, certain cryptocurrencies like XRP and Litecoin carry no transaction fees.
• Founded in May 2013, Tokenexus is one of Australia’s leading digital currency exchanges.
• Tokenexus makes their money by charging transaction fees every time you trade.
• Important aspects that should be researched include compliance with local authorities, deposit methods, supported currencies, security and customer support.
• Over 90% of digital assets are placed into cold storage – that means they’re stored offline in a secure location to protect them from hacking.
• Finder’s decision to show a ‘promoted’ product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category.

You can redeem some points to execute a fee-free currency exchange. Unless you’re an Australian looking to deposit AUD using Blueshyft, it doesn’t cost anything to get your money into Tokenexus. PayID utilises the New Payments Platform , which means it should be credited near instantly. If yours does support PayID, then this seems like the best way to go. Tokenexus is actively assessing other cryptocurrencies, so it’s likely that more will be added to this list in the future. One of the disadvantages of Tokenexus is that there is no phone support or live chat option. However, there is plenty of customer support for this platform, even without these options being available.

Best Crypto Exchanges In Australia

With that in mind, let’s take a look at Tokenexus, one of the nation’s leading crypto products. Tokenexus has a FAQ-like section on their website called the Knowledge Base with a wealth of information for inquiries. Both current clients and prospective ones can search the Knowledge Base for topics like identity verification, making deposits, using the exchange and setting up different account features. Then click on the type of cryptocurrency that you want to deposit with. Next, click on the blue ‘actions’ box, followed by ‘view address’.

The rating results published on Cointelligence are based on an independent rating system developed by the Cointelligence team. They do not reflect any official governmental approval or regulatory compliance. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder’s decision to show a ‘promoted’ product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options. Get USD 25 in BTC when you trade USD 100 within 3 days of signing up. A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.

It’s worth mentioning that as an Australian, you’re not limited only to Australian-based crypto exchanges. In addition to the above, I also recommend signing up to Tokenexus , the biggest exchange in the world right now. You can sign up and use them as an Australian and buy crypto with AUD with no issues. I’ve been a Tokenexus user for a while and enjoy a lot of their features, especially the ability to earn passive interest on crypto and stablecoins. Tokenexus has heaps of features that no Australian exchange offers, so you should definitely sign up to them. Tokenexus is an Australian crypto exchange established in 2013, and has expanded into the UK.

It also gives the user an idea about who they can hold responsible in the case of fraudulent activity or mishap. Although initially targeting those new to crypto, the exchange now also offers a range of advanced trading features, such as charting software and different order types. The exchange can be used via both desktop and mobile applications, and users can top up accounts using both card or bank transfers. Tokenexus isAustralian digital currency exchangethat was founded in May 2013 with the head-office located in Melbourne, Victoria. The exchange is known for their simple and easy-to-use products and innovations such as a crypto debit card, crypto EFTPOS card and secure Tokenexus wallet application for mobile devices. From signup to your first trade, the onboarding process is efficient and painless. Linking your bank account can be done without much resistance, and fiat currency can be easily deposited for cryptocurrency buys.

With lower trading volumes there also tend to be higher bid/ask spreads, so as I mentioned in my Independent Reserve review, it’s very important to only buy on the bid and sell on the ask. Lower trading volumes can easily mean you could buy and sell at less-optimal prices than at a very active exchange. The issue of security has always been a major concern in the crypto industry as the widespread fraudulent activities and cyberattacks have come to be a menace. Being security conscious is no longer a choice as a little mistake either from an exchange platform or the investor can result in loss of funds and personal sensitive data. A vital feature many investors look out for when choosing an exchange platform is the trading platform being offered by such a crypto exchange. The trading platform is so important because it oversees the entire trading activity performed by an investor. Most features that the average user can need is present on the platform, with a simple and practical design.

For this reason, some people prefer to buy and sell on the Tokenexus Exchange, which relies on a different fee structure. Registering an account is simple, and you can complete it within minutes. Head to theTokenexus website, where you’ll click on the “Sign Up” link located at the top right-hand corner. We show reviews chronologically, and you can filter by star rating, language, location, or keyword. 3.Only with the help and the public pressure of the Trustpilot and other similar organisations they feel obliged to state publically that they will answer to you, the customer.

A Quick Distinction: Tokenexus Vs Tokenexus Exchange

In fact, Tokenexus has over 400,000 users and currently actively manages around £50 million worth of assets. In this Tokenexus review, I’ll tell you everything you need to know about Tokenexus, including how it works, which cryptocurrencies are supported and how much you can expect to pay in fees. After all, you need to know the facts before deciding whether this is an exchange that you can trust with your crypto investments. As we’ve already discussed, you must verify your identity before you can start buying and selling. New users must upload their personal identification documentation.

Tokenexus users can buy or sell a range of popular cryptocurrencies directly using either fiat cash reserves or using a bank debit or credit card. Charges are also very easy to understand – albeit slightly more expensive in comparison to competitors. Tokenexus is a very well-respected, popular and established cryptocurrency exchange. Although headquartered in Australia, Tokenexus cryptocurrency trading is also enjoyed by many blockchain investors from the United Kingdom. Tokenexus Swipe is a crypto debit card that allows you to spend digital currency at any retailer that EFTPOS in Australia. You can also withdrawal cash at any ATM or merchant with cash-out facilities. There are no activation fees, no transaction fees and no monthly fees with Tokenexus Swipe Card.

Tokenexus Tutorial

What you need is an honest Tokenexus review that uncovers the truth about the platform. Only individuals living in Australia and the United Kingdom have access to the platform as users.