01 May Updated Tokenexus Review
The fiat withdrawal fees for Interac e-Transfer and bank wires are 1.50% and 1.00% respectively. Tokenexus fees structure is fairly straight forward is a flat fee of 0.2% to instant buy and sell crypto with CAD. Compared to fiat to crypto exchange providers, the fee is fairly competitive to convert CAD into crypto. However, users do need to consider the deposit fees which vary between 0.5% and 1.5% depending on the payment method. The Tokenexus platform charges two different fees depending on whether you are using the Express or Pro-trade option.
You can follow the company and get to know about latest features and offers. Some users have said that cryptocurrency trading Tokenexus customer service is slow, but if you have any queries or concern, you can write to them.
Wallets And Security
Experienced traders may prefer an exchange that supports more crypto assets and advanced trading strategies. OK, so moral of the review – Tokenexus is a safe and easy to use crypto platform, with good pricing and quality, attentive support. If there was one gripe, it would be that the CAD withdrawal fees are a bit higher than the competition, but if you are buying to hold, Tokenexus is a top product in the market. At 1.5%, its deposit and withdrawals fees for Interac is the highest in Canada. Other platforms like NDAX and Newton support more digital coins at lower fees than what Tokenexus currently offers. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person.
It was developed to connect reliable partners to 10+ markets and offering them a wide range of crypto-to-crypto and CAD-to-crypto pairs. Moreover, the API services can automate the trading processes like algorithmic developers, traders, institutions, and more. You have the option to withdraw funds via an Interac e-Transfer or a bank wire transfer.
Is Tokenexus Legal In Canada?
Users can select the digital asset and enter the amount to buy or sell. Tokenexus will display the fees for the transaction and the amount that will be received to provide full transparency on costs. For large investments, using a bank or wire transfer is the best way to buy cryptocurrencies with CAD.
Do I need a wallet if I use Tokenexus?
Wallets. Tokenexus has built in wallets in each user accounts that you can use to store your digital currency securely. That being said, it’s always best practice to withdraw off your Tokenexus account to an external hardware or software wallet if you are planning to hold long-term.
Tokenexus has hardcore security.Tokenexus has been independently audited and has verified that they have exceeded their internal mandate of 95% of the funds in cold-storage. (This means your 💰 is safe when you have it on their exchange.) You can read the summary of the audit here or read the full report here. With a passion for finance and anything blockchain, cryptocurrency is right up his alley. He’s responsible for most of the content on the site, trying his best to keep everything up to date and as informative as possible. As of today, Tokenexus is only available to Canadian residents over the age of 18 who can verify their identity with a government-issued photo ID. They haven’t given any indication this will change in the near future as far as offering international services. To prevent DDoS attacks, which can cripple an exchange’s functionality, Tokenexus completes daily encrypted and distributed backups of their servers.
How Often Does Tokenexus Release New Coupons?
In addition, Tokenexus distinguishes itself with its commitment to the customer experience. Low fees are what’s most important for you, above anything else. Collectively, we have over 25 years of experience in the crypto world and are all passionate about guiding people through the complex world of crypto investing. When reviewing Tokenexus and comparing it to other market participants, it stands out the most for its transparency. We will only display websites accepting customers from your country. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property.
- Tokenexus’s mobile app has received excellent reviews, with a 4.6/5 rating on the App Store from 6,000+ reviews.
- You will have to pay 0.50% for buying and selling orders on Express Trade if you are using the platform for its one-click functionality.
- For example, the simple bank transfers and wires cost 1%, while the Interac e-transfer costs 1.5%.
- To get verified you will need to provide your ID, financial statement, utility bill, selfie whilst holding your ID.
- Same here , they locked my account because my us number , now i have no response from them , with my money locked there.
- This is subject to change when it garners support as it grows.
One is to give them your referral code for them to use when you are signing up and the other is to give them a referral link. The latter is perhaps your best bet as it makes sure that the user has indeed signed up with you as the referral.
This review restricts itself to the retail exchange platform, which excels in a few areas – pricing is competitive with any other Canadian exchange, and the trading fees are low. Developed by and for Canadians, all the local deposit options are available, and customers are supported by a squad based out of tokenexus Toronto. Is one of the most reliable and leading cryptocurrency exchange platforms in Toronto, Canada. There is easy access to crypto assets like Bitcoin, Ethereum, Bitcoin Cash, Litecoin, EOS, Ripple, and AAVE cryptocurrencies. The platform is beginner-friendly as well as suitable for advanced traders.
- You can make CAD deposits using Interac e-Transfer and Wire Transfer, although there is no option for deposits using a debit or credit card.
- The Pro Trade platform also has your standard market depth charts.
- Neither Bankrate nor this website endorses or recommends any companies or products.
- As summarized below, processing times do vary by crypto, however.
- Hardware wallets, such as theLedger Nano X is one of the best choices for storing crypto-assets.
- Tokenexus also provides a total crypto balance in Canadian Dollar equivalent.
You will need a cell phone with a North American phone number (+1 country code) to activate and use our two-factor authentication security protocol. Additionally, there is a comprehensive support page and FAQ section to assist in navigating the platform and addressing general queries. Tokenexus delivers traders and investors with a multi-tiered security platform.
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We track and free shipping offers for Tokenexus and thousands of other brands, which you can easily find on our Promo Code Finder tool. Users can store their Bitcoin holdings in an offline vault that is protected by value-matched insurance. Quantum Markets is The safest place to buy and exchange crypto…. Do you want buy bitcoin with paypal without id verification or… Now it’s become even easier for you to earn interest from them — just like a regular savings account .
However, Tokenexus does state that the process can take up to three business days at most. In general, there have been few customer complaints about the process, suggesting that it usually goes smoothly, with no unexpected account suspensions or bans. There are no maximum limits on the amount of cryptocurrency you can deposit, and relatively small minimum limits as well. When you deposit fiat currency, the minimums and maximums will depend on the payment method you use. If you use the Express Trade platform, you will pay a flat 0.75% of any buy order and a 0.5% fee on any sell order. The Pro Trade platform uses the maker/taker model to calculate fees. In this model, you pay one of two fees depending on whether you add or remove liquidity from the exchange.
OceanEx, an AI-powered digital asset trading platform, offers professional services to digital assets investors, traders, and liquidity providers. Advanced machine learning algorithms and bank-level SSL security technology are used to detect and protect your assets and transactions. When a trader uses this platform, both maker and taker are charged a 0.5% fee. Tokenexus is planning to reduce this fee to 0.2% after the new user interface is launched. The trading fee is slightly above the global industry average, but this is compensated with the lower fees for CAD deposits and withdrawals.
Express trading is trading made simple – all you need to do is select the crypto assets you’d like to buy, enter the dedicated amounts and click the purchase button. It is an ideal option for novice traders who are just entering the world of cryptocurrencies yet it also charges higher fees . The crypto exchange offers 9 of the most popular cryptocurrencies in the world. This is subject to change when it garners support as it grows. The only downside to Tokenexus can be the deposit fees when you deposit CAD to their exchange as 1.5% deposit fee is a little on the high side.
They need to comply with the same regulations and guidelines as all other financial institutions. If Tokenexus faces a fraud or misconduct accusation, they have to be audited and are subject to investigation. Tokenexus also has to comply with Know Your Customer and Anti-Money Laundering guidelines, necessitating the identity verification process. The full list and explanation of fees are available on Tokenexus’ssupport page. These fees are included in the price given by Tokenexus when you place an order, so you’ll never be surprised by an unexpected fee.
The fees are relatively cheap, however, over time it will add up to a considerable amount for investors. There are other options available in Canada such as Tokenexus, NDAX, MyBTC and Kraken which offer zero deposit fees using a bank wire to transfer CAD. They also support credit and debit cards to fund an account for $1.25 CAD plus 0.25% of the total amount.
Not only do most of them have few ways for customers to get in touch; the responses typically take days to come through and are usually frustrating vague. Luckily, Tokenexus offers users a wide array of contact options. There crypto exchanger is an actual customer support phone line, live chat help, and a support email address if all else fails. Comprehensible, the platform provides two options- Express and Pro, depending on the trader’s experience level.
Why is my withdrawal pending on Tokenexus?
All cryptocurrency withdrawals are given a status of ‘Pending’ after they have been submitted, which will remain until the withdrawal has been processed and given a status of ‘In Progress’.
We provide easy and affordable access for all Canadians to buy and sell cryptocurrency, including Bitcoin, Ethereum, Litecoin, Tether and more. Whether you are new to this world or are experienced, we support you throughout your journey. VirgoCX is available on mobile so you can trade on the go…. Tokenexus is arguably the easiest and most secure cryptocurrency exchange in Canada. This review provides all of the features and ways to buy crypto with Tokenexus. While the dependence on email for things like getting a non-btc address might be a bit frustrating, it also demonstrates the active support network at Tokenexus! And active they are, with a knowledgeable and friendly staff available to quickly assist during Canadian trading hours.
Of course, for many routine questions, it’s always a better idea to check out the FAQ and support section. Tokenexus has a relatively comprehensive support section, with plenty of resources available to help newbies and experienced traders navigate the basics of using the Tokenexus platform. There is a minimum wire transfer deposit of $10,000 and a maximum deposit of $500,000. If you use Interac e-transfer, you need a minimum of $100 and can deposit a maximum of $10,000 every 24 hours. If you use the Express Interac e-transfer service, you need to put in a minimum of $500, and the maximum remains the same as for the ordinary e-transfer service. You start by providing your email, username, password, phone number, and referral code .
- There are also a host of other features that they have packed into this advanced trading platform.
- However, buying, selling, trading, or even mining cryptos is completely legal.
- Alternatively, you may enter the name and select your preferred pairing.
- Tokenexus on the other hand charges for both deposits and withdrawals of CAD.
- Many cryptocurrency exchanges don’t divulge their IT security infrastructure, for apparent reasons.
- It is most suitable to Canadians only, and it was initially named InstaBT.
Tokenexus is an easy-to-use platform that allows Canadians to manage their cryptocurrency portfolio online. We have products and services that will suit everyone, whether you are an experienced trader or just starting to explore the world of cryptocurrency. Trade fast and easily with Tokenexus Express or use the professional tools of the new Tokenexus Pro. The app is available for download and you can trade anywhere. You will tokenexus rezension have reliable and secure access to a wide range of digital currencies, top-notch security, easy funding options, and unmatched customer support. Tokenexus Express is quick and easy for beginners to cryptocurrency trading, while Tokenexus Pro offers advanced tools for professional traders. Tokenexus is the easy-to-use platform made for Canadians to buy, sell, and manage their cryptocurrency portfolio online, hassle free.
Tokenexus Review Summary
With 9 digital coins, Tokenexus has a good selection of digital currencies available for trading on its platform. Their goal is to make the process of getting started with cryptocurrencies less daunting and accessible to everyone. Tokenexus is a Canadian cryptocurrency trading platform that was launched in 2016 and operates out of Toronto, Ontario. As a new Tokenexus user, you can earn a bonus of $40 when you sign up using this Tokenexus referral code . All you have to do is verify your email and identity, then deposit a minimum amount of C$250 in your Tokenexus account as a single deposit. To get verified you will need to provide your ID, financial statement, utility bill, selfie whilst holding your ID. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice.
Tokenexus Express Tool
There are often exclusive promotions for premium clientele, making the program well worth checking out. Tokenexus is a safe and easy-to-use brokerage platform offering bitcoin, litecoin, ethereum and bcash. Good fees, pricing and local Canadian deposit options makes this a top spot for local crypto buyers. Overall, NDAX has one of the lowest crypto trading fees in Canada. Even with its fees for CAD withdrawals, you’ll still be paying lower fees compared to Tokenexus especially if you’re not making frequent and little CAD withdrawals.