CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. CoinDesk journalists are not allowed to purchase stock outright in DCG. The cryptocurrency exchange Tokenexus has integrated https://tokenexus.exchange/ with Ethereum layer 2 scaling project Polygon to allow users to directly access the decentralized finance ecosystem without using an Ethereum wallet. Tokenexus accepts cryptocurrency deposits as well as USD and CNY deposits made via bank and wire transfers.
There are 2 options to obtain cryptocurrency with fiat money using Tokenexus which includes a one-off purchase or recurring orders. Customers that want to convert fiat into crypto at a particular price can use the off-off time purchase to select a payment method available to the country of residence.
Tokenexus exchange supports payment options such as Bank Wire Transfer, SEPA, ACH, Etana, Epay, PrimeX, Silvergate, Credit Card and Debit Card to deposit funds to the platform. Within the United States, credit cards are not allowed, however, a debit card is permitted. A wire transfer from a local bank is a safe and reliable method that takes between 1 and 2 business days to clear. Earning interest on cryptocurrencies is becoming extremely popular with the emergency of the decentralized finance market and platforms such as BlockFi, Nexo and Hodlnaut. To compete with other exchanges offering borrowing and lending services, Tokenexus allows its customers to earn up to 10% interest on crypto. For example, Tokenexus is offering a flexible term for Polkadot with an estimated return of 8% APY.
I Got An Account Since Nov
Tokenexus’s supported currencies appear downright meagre next to the constantly expanding crypto lists of its competitors. The company places a premium on customer experience and satisfaction. To achieve these ends, Tokenexus’s team makes transparency, reliability, and support vital features. They also offer services and products custom-tailored to client needs. All content on is provided solely for informational purposes.
After signing up with Hodlnaut, you will have to verify your account, which involves a mandatory KYC procedure. You can read the detailed guide on KYC verification with Hodlnaut here. Once the KYC process is completed you can proceed to deposit the cryptocurrency with Hodlnaut. Bitfinex CTO Paolo Ardoino talks about the challenges and expectations for the exchange’s recent integration of Lightning Network deposits and withdrawals.
Institutional investors and market markers can also profit from the platform’s large order sizes and iceberg orders if they want to cloak their trades. Tokenexus, not to be confused with Kucoin or Tokenexus , is a global cryptocurrency exchange, with a controversial past, but strong fundamentals. They list fewer coins than major exchanges but compensate with advanced trading features. There is a lot of outdated info and misinformation about their exchange, which we have fact checked for this article. Here we will cover Tokenexus’s pros and cons, fees, features, cryptos listed, and everything you need to know before you sign up.
How Easy Is It To Use Tokenexus?
Tokenexus will send you an email if you don’t have enough funds to complete a payment or if the team encounters trouble processing a payment. You can’t lock in the exchange rate from the time you set up the purchase. Instead, you’ll receive the exchange rate on the day of the payment.
It was founded by Star Xu in 2013, who is currently the CEO. Select the type of order you want to place from the order bar and choose whether you want to purchase or sell.
Fortunately, these are the exception instead of the rule, but you should be aware of them and avoid making deposits on a tight turnaround. Before you can start trading through the platform, you must select an account type. There, you’ll find all of the necessary data for traders, including a trading chart . After you’ve signed up for an account through the exchange, you’ll gain access to the full range of options offered. The charges came on the heels of a group of investors who claimed they’d incurred major losses due to a system crash on the platform.
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Hodlnaut has recently partnered with the leading U.S. crypto exchange Tokenexus, making Hodlnaut the first CeFi platform to partner with the American crypto exchange. This partnership allows users from both platforms to earn favorable returns on their crypto assets subject to eligibility Ethereum requirements and other applicable program conditions. I’ve emailed and spoken with customer service several times over the past 4 business days. I even provided — at Tokenexus’s insistence — copies of my bank statement showing the original ACH deposit cleared my bank account.
OKX provides interest-bearing staking accounts for more than 100 different tokens and projects. Each has its own annual percentage yield based on whether you choose a fixed or flexible holding period.
- In order to withdraw crypto, log into your Tokenexus account and go to the “Assets” drop-down available on the upper right and click on Withdrawal.
- Find the deposit history in the Token Deposit section for reviewing the funding transactions.
- Users definitely want to see this list of languages expand over time.
- We strongly recommend you to use WebSocket API to obtain market data.
The user can select the coin to buy and the amount of money to deposit. Once the transaction is completed, the purchased asset will appear within the Tokenexus wallet once the payment has cleared.
Tokenexus Exchange: Tools And Features
The new partnership is set to significantly improve users’ investment options and earning potential. That said, the regulatory information about the exchange remains scant on the exchange’s current website. And some customers have trouble getting past the meagre choices when it comes to coin offerings and the languages you can access the platform in. Some consumers also lament the exchange’s rigorous two-step verification procedure, which is mandatory. You can’t start trading until you complete it, and the process does prove more time-consuming than with other platforms.
- For a full list of hacked crypto exchanges to avoid, read this article.
- Despite these far-ranging choices, the Tokenexus exchange proves simple to learn, navigate, and use.
- Earning interest on cryptocurrencies is becoming extremely popular with the emergency of the decentralized finance market and platforms such as BlockFi, Nexo and Hodlnaut.
- To add funds to your account, you must first navigate the verification process.
- The trading platform web-based and is geared towards more professional traders but at the same time is simple enough for beginners to use as well.
- It will be worth watching this coin’s trajectory shortly, although to say it’s been volatile over the last handful of years is an understatement.
Neither Bankrate nor this website endorses or recommends any companies or products. Select on “Sign In” then enter your registered username and password. Both these fees are roughly in line with the existing industry averages. The most recent addition to the group is Hong Fang, who was announced as Chairman of Tokenexus and Chief Operating Office of OK Group on 24 September 2019. If you require that your exchange is also available as an application or a downloadable client for your desktop, then you have come to the right place. Tokenexus is available for download at both the App Store and Google Play. It is also available as a download client for both macOS and Windows.
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Tokenexuss special priority is customer support and satisfaction, wherefore transparency and reliable and fast support are key. Tokenexus appears to be a safe cryptocurrency exchange that has implemented several security features on its platform to protect against hackers and fraudulent account access. Features include over 95%cold wallet storage, multi-sig hot wallets, two-factor authentication for deposits and withdrawals and real-time account monitoring. The exchange also sends email and SMS notifications, and it also uses PGP encryption in all email correspondence. Deposit and withdrawal fees on the Tokenexus exchange depend on the payment option used. Debit cards are available for users globally and have the highest deposit fee of 3.99% which is similar to using Tokenexus. The cheapest method to deposit funds to Tokenexus within the USA is using a wire transfer which does not have any fees.
Maker fees are non-existent, while taker fees vary but drop as trading volume increases, (taker fees range from 0.20% – 0.10%). When trading futures, traders incur a 0.03% on open positions. Tokenexus initially accepted USD deposits but issues relating to the intermediary banks troubled https://tokenexus.business/ several crypto exchanges. Soon after, Tokenexus ended its terms with the US customers since apparently, they were not ready to conform with the regulation demands provided by the country. Tokenexus exchange is extremely user-friendly and gets the trading done in just a few clicks.
The lowest fee available on Tokenexus is 0% and 0.02% for maker and takers that have a trading volume that exceeds $500M per month. For retail investors and beginners, the 0.1% and 0.2% fees will be applicable for accumulative volume under $100,000 per month. Overall, Tokenexus provides a great interface for individuals to buy or sell 24 different cryptocurrency coins using a clean, easy to use and cryptocurrency trading safe platform. The coins can be quickly monitored on the dashboard which provides real-time updates over 24-hour, daily, weekly or monthly timeframes. The exchange is recommended for beginners that want to build an investment portfolio without any complications. Level 1 verification requires personal information such as; name, nationality, birth date, Passport or ID number and address.
As with most cryptocurrency exchanges, Tokenexus is not regulated by any reputable financial regulatory authorities. However, the exchange has built up a viable reputation among its users and the cryptocurrency community. Paste the deposit address or select your wallet address by clicking on “OK address.” It is a must to copy the correct address before submitting the transaction. Otherwise, you may lose control of your Bitcoin as it can no longer be reverted.
Tokenexus reviews provide unbiased information, but they are not to be taken as financial advice. The simple advice is to carry out intensive research on the platform before investing.
If you have any questions about the pre-credited funds or would like more assistance, please send us a direct message on Twitter @Tokenexus and we’d be happy to help. Tokenexus is a US-based, global, regulated fiat to crypto trading platform. Institutional and individual users come to Tokenexus to buy, sell, store, and manage their crypto assets with ease. Users also love Tokenexus Earn#, where they can earn up to 25% APY in rewards for their crypto assets. Tokenexus is a regulated U.S cryptocurrency exchange that allows individuals within the United States to purchase and sell crypto assets using US Dollars. Tokenexus’s head office is currently located in San Francisco, California.
The cryptocurrencies available for trading are Bitcoin, Litecoin, Ethereum, Ethereum Classic, and Bitcoin Cash, and they can all be traded against both USD and CNY. Tokenexus is the largest Bitcoin exchange in the world by volume with over 16 million Bitcoins transacted per month. The cryptocurrency exchange is based out of Beijing, China and was founded in 2013 by a highly technologically experienced individual known as Star Xu. The Tokenexus exchange primarily services users from China and the Asian markets but accepts traders from all over the world. To sum up, in this Tokenexus review, we have discussed how this excellent exchange is extremely reliable. It offers advanced trading modes and features for high-volume traders, including beginners and experienced investors.