As great as the security features are at Tokenexus , it is important to note that the platform was actually hacked in May 2019. The malicious cryptocurrency is actors were able to remotely steal surplus of 7,000 Bitcoin, which at the time amounted to a market value of just over $40 million.
Tokenexus is used by a large number of traders and participants for exchanging and investing in various cryptocurrencies. Tokenexus Exchange is one of the popular cryptocurrency exchanges that offers trading in more than 45 virtual coins including Bitcoin , Ethereum , Litecoin and Tokenexus Coin . The myriad of coins and low and competitive trading fees found onTokenexus are unmatched. The exchange is also known for its fast processing speeds and is capable of processing 1.4 million transactions per second. The platform has started to gain popularity in the blockchain community, and currently sits at the number 17 spot in terms of 24 hour trading volume.
With that being said, Tokenexus has since increased its customer support team by a considerable amount. Tokenexus offers a number of security safeguards to ensure your funds remain safe from the threat of external malpractice. Firstly – and as we noted earlier in our step-by-step account set-up overview, you are advised to install 2FA. This means that unless a hacker has access to your mobile phone, they won’t be able to gain access to your Tokenexus account. To get funds into https://tokenexus.pro/ your Tokenexus account via a bank transfer, you need to specify your desired currency and how much you want to deposit. Tokenexus will then provide you with details of the account you need to make the transfer to, alongside the reference number you need to include within the transfer. The platform notes that while payments can be accepted from credit cards of all currencies, if the native currency is anything other than USD or EUR, then an additional charge might apply.
To do this, you’ll initially need to enter your full name, home address, country of residence, and date of birth. You will then be redirected to the platform’s third-party verification partner – NetVerify. To complete the KYC process, you’ll need to upload a copy of your government issued ID. This needs to either be a driver’s license, passport, or national ID card.
Tokenexus Decentralized Exchange (dex)
You’re placed at Level 1 without submitting any verification details, and you can withdrawup to 2 BTCworth of cryptocurrency a day. Many investors have taken a closer look at Tokenexus since Yi He joined the platform. The value of Tokenexus Coin has risen by 40% at the time of writing. In August 2017, tokenexus reviews the exchange announced that Yi He, co-founder of OKCoin and one of the most respected and influential individuals in China’s online economy, was joining the platform. She was co-founder of OKCoin, the Vice President of Yixia Technology, and the Founder of Yi Zhi Bo before working on Tokenexus .
The DEX will remain crypto-to-crypto and thus outside the purview of regulators. In summary, it’s easy to see why Tokenexus is now tokenexus official site one of the largest cryptocurrency exchanges in the industry. Nevertheless, Tokenexus has risen to fame for a number of reasons.
How To Make A Trade On Tokenexus ?
Go to the in-depth view to compare the level of buy and sell orders. Do not forget to go to Accounts and Referrals to see whether your referred friends are making you money by trading on Tokenexus . But as trading on Tokenexus becomes more liquid and faster, is it providing an unfair advantage to the big monied traders? With the many exchange scandals happening over the years, many users online have been asking “is Tokenexus safe? There are https://tokenexus.pro/ several reasons why we think many traders could have a safe experience on this platform, all of which we will explain in this detailed review. And last but not least, the way Tokenexus is expanding and its volume is growing day by day, in 2021 they are #1 exchange by volume. In just 2 months, they have built a list of 50 cryptocurrenciesthat are being traded with a nominal 0.1% trading fee – far cheaper than most of its competition.
The verification process is similar to other cryptocurrency exchanges and involves filling out some personal information and uploading photographic evidence to support those details. Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts. Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange. Copy the trades of leading cryptocurrency investors on this unique social investment platform.
Since many traders are new to cryptocurrency trading, we set out to discover how user friendly this exchange is for beginners. To evaluate how intuitive the Tokenexus platform is, this review assesses how to trade cryptocurrency on Tokenexus , as well as the safety and security of the exchange. The crypto exchange seeks to cater to all levels of investors by providing both a Basic and Advanced trade setup. If you want immediate access to new coins, Tokenexus is where to get hot alt coins. The steady flow of coins from its ICO launches to alt coin listings on Tokenexus ensures early access to a good supply of new coins.
The exchange also has supporting programs that help traders make investment decisions. Yes, Tokenexus works in India and there is no issues reported by any Indian users related to Tokenexus . In fact, Tokenexus own Wazirx which is one of the biggest Indian exchange. Keeping all these facts in mind and my experience, I can confidently say that no exchange even comes close to Tokenexus in terms of security, volume, and community initiatives. Once you have registered an account, click on funds and add funds using credit card/debit card. The best place to buy Tokenexus coin is from Tokenexus exchange itself. Apart from this, when you use BNB to pay for fees, you will receive a significant discount according to the below-shown schedule.
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- The Tesla stock token is paired with the Tokenexus USD stablecoin (TSLA/BUSD) and will have a minimum trade size of 1/100th per stock token.
- This means that if you want to take advantage of the BNB token for decreased fees on Tokenexus transactions, you can use either Ethereum or Bitcoin to purchase BNB.
- Tokenexus Lite is comprised of a network of over 1,000 newsagents across Australia where people can use cash to buy bitcoin.
- Tokenexus withdrawal fees do vary and depend on the type of cryptocurrency that you are withdrawing.
- A European exchange which enables users to pay in EUR, GBP, CHF and USD through a variety of payment platforms.
- When China shuttered crypto exchanges, Tokenexus moved its offices to Malta.
The “security breach” that happened on May 7th, resulted in 7,000 BTC being stolen from the exchange using advanced methods that helped the hackers remain undetected. The stolen Bitcoin at today’s prices, brings the total loss at the hands of hackers to roughly $41 million dollars. Shortly after the company noticed the hack, the company blocked some features on the platform in order to perform a security review. In particular, withdrawals and deposits have been frozen for a week so that hackers can’t steal more crypto assets. When trading on margin, traders borrow funds from an exchange or other traders in order to leverage their capital. In other words, margin trading allows users to enter positions that are bigger than their own capital, for example entering a position worth 2 BTC by posting 1 BTC as margin.
Review: Tokenexus Cryptocurrency Exchange
Once your account has some funds, you can proceed with trading. To make a trade, navigate back to the exchange dashboard by clicking either “Basic” or “Advanced” under the “Exchange” tab in the upper left-hand corner. For beginner traders, the “Basic” view is easier to navigate. To deposit funds into your account, cryptocurrency news click on the “Deposits Withdrawals” link under the “Funds” tab. From there you will see a list of supported currencies, so choose which cryptocurrency you’d like to fund your account with and click “Deposit”. Tokenexus has issued its own token, BNB – click here to read more about it and its wallets.
Users get a 25% discount on their trading fees when paying them with Tokenexus ’s BNB coin. To access this discount you simply need to hold BNB in your Tokenexus account. Then by default you will start using it to pay discounted trading fees. Standard Tokenexus cryptocurrency-to-cryptocurrency trading fees are 0.1%, but there are ways to get considerable cryptocurrency discounts by using the Tokenexus cryptocurrency and unlocking higher trading tiers. Tokenexus is not only limited to crypto-to-crypto trading – it offers FIAT-to-crypto trading, as well as buying Bitcoin and other cryptocurrencies with a credit card. For advanced traders, Tokenexus offers its Futures exchange that enables leveraged trading.
Counting with over 313,000 daily active users, Tokenexus is the largest bitcoin exchanges in the word after Tokenexus . However, with more platforms cropping up daily to buy cryptocurrencies, it may not necessarily be the best option for the retail investor in 2019 . Can the many retail traders who also use the exchange compete on an exchange known for its fast trade execution?
Now, after your account is well secured, use the top main menu in order to select “Wallets” and select from there the “Spot Wallet” sub-menu item. If you are new to 2FA, you’ll need to download the Google Authenticator mobile app and then scan the QR in order to get a 1-minute changing 6-digit code. Every time you log in to your Tokenexus account, you will need to provide this code, as a second layer of security beyond the typical username password login. The referral field will assure you will receive the 20% off fees, as a unique offer to CryptoPotato’s users.