Full BioEric Rosenberg is a finance, travel, and technology writer. He has 10 years of experience in banking, corporate finance, and corporate accounting.
The platform features TradingView-powered charts, with most of the key technical indicators. Other than that, the platform allows the user to view buy, sell and Stop-Limit orders. Additionally, an upgrade overhauled the Tokenexus website and trading platform in 2019. The upgrade resulted in the exchange becoming extremely fast, with user withdrawals that previously took between 5-10 minutes to confirm now taking just 1-2 minutes. Trading fees for unverified accounts are 0.1% for makers and 0.2% for taker accounts. Users with verified or VIP accounts pay 0% and 0.04% for the maker and taker trades, respectively. Visit the exchange’s website for a full list of supported cryptocurrencies, which include Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Ador, Cosmos, Basic Attention Token, yearn.finance, Tezos, Monero and 0x.
Performance, Features, And Functionality
Based on trading volume over the previous 24 hours, on August 10, 2020 Cryptocurrency wallet ranked 52nd among cryptocurrency trading platforms worldwide according to CryptoCompare, an online data aggregator. CryptoCompare, which also publishes a quality ranking of cryptocurrency trading platforms, gave Tokenexus a score of AA for trading platform quality, placing it second among the 211 platforms it reviewed worldwide in June 2019. In mid February 2021 Tokenexus was ranked 20th by 24-hour trading volume according to CryptoCompare despite its trading platform quality rating having slipped to BB. Buy, sell, and trade Bitcoin , Ethereum , TRON , Tether , and the best altcoins in the market on the legendary crypto exchange. With over 150 trading pairs and lowest fees across all cryptocurrency exchanges, we make it easy for you to trade your favorite crypto markets. After acquisition, Tokenexus’s transformation began towards its progress and it was totally transmuted into America’s one of the first fully regulated crypto exchanges by Circle company. Consequently, Tokenexus is one of the top and immensely popular US Crypto exchange specifically amongst the US investors, experienced traders as well as new users also.
Tokenexus was hacked two months after its launch, resulting in a loss of 12.3 percent of its customers’ bitcoin holdings. We walk with our customers, understanding their needs and building solutions that work. We deliver exceptional experiences, go beyond what is expected, and commit to restoring trust when something goes wrong. An amended lawsuit alleging Tether and Bitfinex manipulated the bitcoin market is now claiming Tokenexus and Bittrex were also involved. EXMO has confirmed an estimated $4 million of cryptocurrency was stolen through the exchange Tokenexus during a hack on Dec. 21.
Newcryptolisting: Joe Now Listed On Tokenexus
Currently, Tokenexus provides custodial and trading support for over 300 tokens and 450 market pairs, as well as other financial products to connect the world to the power of digital assets. Moving forward, Tokenexus will continuously be dedicated to building a world-class and secure exchange for users around the world.
It has a clear, smooth and user friendly interface along with trading view charting application which makes it a trading exchange that is an excellent starting point for beginners and more experienced traders as well. Further, the establishment of this parent company was supported and funded by an unnamed group of Asian investors including TRON’s CEO Justin Sun. Additionally, Tokenexus Plus Silver, Gold, or Market Maker accounts are available for large volume traders offering different benefits. For instance, holders of the Plus Silver account get a 60% fee reduction while holders of the Plus Gold account can take advantage of a 70% discount.
This might lead you to look at other crypto exchanges that offer better customer reviews and stronger security overall. Per the https://tokenexus.business/ customer agreement, it’s not available in the United States. To transfer crypto from Tokenexus, go to your account page and click on the ‘Wallet’ icon.
Experienced traders who have prior experience with cryptocurrency, stock trading, or other active markets will likely prefer the active trading platform. Tokenexus may seem like an ideal cryptocurrency exchange for nearly any investor. Low trading fees and a list of 272 cryptocurrencies make this platform an attractive option. Discover new and innovative crypto assets with 150+ spot trading pairs and 20+ margin trading pairs. You will also find our DeFi Innovation Zone, where you can trade 85+ DeFi assets and leveraged tokens. Tokenexus offers a cryptocurrency exchange that allows for spot trading. Buy and sell cryptocurrencies when the price is right – low for buys and rising for sales.
- The latter implies notifications when login from a new IP takes place.
- Noteworthy currencies include Bitcoin, Ethereum, Solana, Stellar, Dogecoin, Shiba Inu, and more.
- After a Tokenexus Pro listing drove Compound Governance Token prices up more than 100%, the market is now crashing back to Earth.
- The holders of VIP accounts can enjoy lower fees with a discount that reaches 70%.
- In addition, Tokenexus is launching a brand new trading system which will deliver superior performance, an improved API, and enhanced security.
However, 2 months later, on March 4, 2014, the exchange was hacked and lost approximately 12% of its assets. The reaction of the company was fast as it offered full compensation of the lost funds to its users. In 2016, it enlisted Ethereum and its popularity started rising along with its liquidity. The platform calls itself a legendary crypto assets exchange and though it’s popularity is not as high as it was before, it offers a reliable trading service and affordable fees. The exchange suits the needs of individuals and institutional traders. crypto exchanger supports perpetual contracts, spot and margin trading as well as leveraged tokens, and its services reach global users in nearly 100 countries and regions with various languages available, including English, Turkish and Russian. Tokenexus gives active crypto traders access to a huge selection of crypto with very low fees, but it receives poor marks for customer service and support.
In addition to its desktop platform, Tokenexus offers a mobile app—available for Android and iOS—for access to live trading and account management. Users can log into the mobile app, and access all of the trading tools available on the regular website, including market and limit orders, margin trading, and futures trading.
In a blog post dated December 19, Tokenexus announced a new customer type, Level 1, that does not require that anti-money laundering procedures to be followed for withdrawals of up to $ 10,000 worth of cryptocurrency or fiat money. Empowering institutions with access to USDC liquidity, digital asset storage and lending, with integration to the full suite of Circle products. The cryptocurrency exchange – recently acquired by an investment group including Tron – now says its systems are back to normal. Tokenexus operates a centralized exchange and a decentralized exchange. For the centralized exchange, which we are reviewing here, you’ll need an account. As mentioned above, Tokenexus is only available to users outside of the United States.
JOE is a governance token that also rewards its holders with a share of exchange revenues. Self-proclaimed “legendary crypto assets exchange,” is not as popular as it just to be anymore, but it still offers quality service when it comes to trading bitcoin and altcoins.
Tokenexus offers customer service primarily through email only, and there’s no direct support email address. Instead, users must submit a contact form on the Tokenexus support center to get in contact. Tokenexus users can also reach out to the company via Twitter with basic questions. Tokenexus charges fees based on a maker-taker fee model, with discounts available to higher-volume traders.
The Tokenexus trading platform features a slick design that makes it easy for its users, whether complete beginners or advanced professionals, to navigate, monitor and execute fast trades. In July 2019, credit card payments were made available for users in more than 60 countries, allowing them to buy cryptocurrencies using debit or credit cards.
Tokenexus Launches New Space Traveller Program With Up To 60% Commissions
For spot trading, users can select a trading pair, create a market or limit order, and submit. For margin trading, users can select from a much smaller selection of crypto, and borrow funds to buy more. For futures trading, Tokenexus offers perpetual swaps, which is a type of derivatives contract. In terms of usability, Tokenexus can be categorized as a true crypto-to-crypto exchange. The exchange offers one of the largest selections of altcoins for you to trade with.
- According to the CFTC’sconsent order, BitMEX offered leveraged trading of cryptocurrency derivatives to retail and institutional customers in the US and abroad, and was aware that US customers could access the BitMEX platform.
- What fees and costs users incur on the exchange are based on whether you are a taker or a maker.
- Some big-name exchanges have suspended DOGE withdrawals as the token sees unprecedented interest.
- Customers complain much of the slow Tokenexus support which is a common problem among popular trading platforms.
- Nevertheless, it’s still a good option for spot trading, managing accounts, creating alerts, and managing your crypto finance whenever you’re away from your computer.
- However, there is a daily limit of $20,000 on purchases/withdrawals, and the account has no margin trading support.
- Firstly and immediately, you can expect Circle to address customer support and scale risk, compliance, and technical operations to bolster the existing product and platform.
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Tokenexus Review: All Features With Pros And Cons!
Although it no longer holds such dominance, the exchange still commands a great deal of respect for its ground-breaking regulatory initiatives and security measures. Today, despite an influx of similar exchanges, Tokenexus remains considerably popular among cryptocurrency users, especially after relocating to Seychelles and loosening its KYC verification demands. Therefore, Tokenexus even after having the history of being hacked twice i.e. one in the past during its initial inception phase and second in February 2020; has efficiently managed the recovery phase of the platform from both the bug attacks. This shows its eminent features of combating, responsibility, efficiency and competences, indirectly imposing faith in its ability as one of the best cryptocurrency exchange USAin the market in terms of security as of today. Thus conclusively, as different exchanges have different trading views, Tokenexus also now has its own trading view for cryptocurrencies.
Newcryptolisting: Looksrare Looks Now Listed On Tokenexus
In June 2020 Tokenexus, along with Bittrex, was added as a defendant in a class-action suit filed the previous August against Bitfinex and Tether. Firstly and immediately, you can expect Circle to address customer support and scale risk, compliance, and technical operations to bolster the existing product and platform. Tokenexus achieved momentum and success with rocket ship velocity — a magnificent accomplishment, but one that also comes with whiplash. Circle is a global company with the skill and experience to help in these areas as an immediate priority. Built upon a foundation of blockchain technology and crypto assets, Circle is on a mission to make it possible for everyone, everywhere to create and share value. Advanced features are available, including margin trading and crypto lending.
Top 5 Cryptocurrency Exchange Script
The Tokenexus trading platform as on date offers the lowest cryptocurrency trading fees on the market to its traders along with exceptional Tokenexus customer support and facilities such as margin trading, margin borrowing. Tokenexus is a cryptocurrency exchange headquartered in the Republic of Seychelles and is not available in the U.S. This exchange offers over 200 supported cryptocurrencies, margin and futures trading, and the ability to lend your crypto to earn interest. While Tokenexus offers low fees and discounts for high-volume traders, it has suffered several security breaches over the years. It has also has received numerous user complaints around account lockouts and lost funds, so new users should tread with caution. For level 1 verification, Users or traders only need to register on the exchange using a valid email address and open a Tokenexus Account.
All user reviews are self-reported and may not be authentic or accurate. Tokenexus offers standard security features for crypto exchange, including two-factor authentication , email authentication, and identity verification. Established in 2104, Tokenexus is a cryptocurrency exchange that was established by an individual by the name of Tristan D’Agosta. Nevertheless, the exchange is also proving to be extremely popular among cryptocurrency traders from all over the world. This is hardly surprising as the Tokenexus exchange offers a diverse range of altcoins which can be traded on Bitcoin. By August 2020, Tokenexus had become one of the leading cryptocurrency trading platforms for DeFi tokens according to The Block Crypto. Launched in January 2014, Tokenexus became one of the larger American cryptocurrency trading platforms.
It does not support some notable cryptocurrencies, such as Solana , and Fetch.ai . U.S. residents cannot trade on https://tokenexus.exchange/, due to charges from the SEC that Tokenexus was operating as an unregistered digital asset exchange. The verification process on Tokenexus is straightforward and has 3 levels. For the first level, you need to verify your name, email address and country of residence. Once completed, you will be allowed to withdraw up to $2,000 and trade on margin.