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Tokenexus scam

Here we will cover Tokenexus’s pros and cons, fees, features, cryptos listed, and everything you need to know before you sign up. The question arises why is it necessary to adopt all of these policies? To answer that, in recent times, many cases have been reported related to fraud activities and misuse of some of the authentic platforms by scammers to scam inexperienced traders. As a regulated platform, Tokenexus has to provide all of these security protocols to ensure the safety of the trader’s money and data. And I am pretty sure none of you would ever want to get scammed, especially while you are dealing with your personal and financial information and money at an online platform. Talking about data security, Tokenexus is an experienced exchange that has been working since 2014. The experience of more than six years has made the exchange realize that in this modern times, encryption is very important.

  • They also log you out of your account automatically after a period of inactivity.
  • Wired $2300 USD to my account, waited and them money never arrived.
  • Our mobile app makes it easy to buy crypto and see what’s happening with your portfolio while you’re out and about.
  • And to support the mission of Tokenexus, the platform is constantly updated by the team to keep up with the latest technology.
  • The layout is clean, and the help center has articles to explain each of the features.

We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey. Tokenexus has fee schedules that place customers in Tiers. The higher their trading volume gets, the more the fees decline. Especially for high volume traders, institutions or market makers, Tokenexus offers special fee schedules tailored to their needs. The simplistic design of the web-based trading platform makes it possible that both professionals and individuals can use it easily. To make the image more unprejudiced, we will show the disadvantages of the platform, too, which usually appear in the feedback from traders.

Different Trading Options Offered By Tokenexus

The exchange was later accused of inflating trading volumes artificially, in order to look like the biggest exchange in the BTC market. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

One of the most safe and promising exchanges of the market offers to its customers the robust cryptocurrency trading and rapid transactions. First of all, there are two types of accounts that customers can sign up for. The first one is the individual account, which is meant for only one person’s single-use. You can either make your account through the Tokenexus site or its app. When you open either of these, the option for Sign Up will pop up.

Any information you find on this article is base on the opinion and view of the publisher. You are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Tokenexus.com article. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. In order to start trading with Tokenexus, you have to deposit at least 15 USD .

Is Tokenexus Available In My Language?

It can be used on the move as it is very compatible and simple. The app is easily downloadable on iOS or Android devices and is very easy to use. In accordance with our research, Tokenexus is a broker licensed and regulated by the EEA. In order to be sure that Tokenexus is not a scam, read cryptocurrency is our trader reviews and check other popular trading related websites and forums. The time it takes for the deposit to become available varies. In general debit and credit card deposits are available instantly, and other payment methods take between 1- 2 or 1- 5 business days.

Tokenexus scam

There is conflicting information on their site about deposit minimums, with $100 quoted in one article. Leverage multiplies your profits and losses and increases the risk by the amount of leverage you take. If the price drops low enough that the difference in price is equal to the margin you have invested, your position will be liquidated. In the event it drops below the liquidation price, there is an insurance fund to cover the difference. All forms of investments carry risk, including the risk of losing all of the invested amount. With any investment, it’s important to understand what you’re buying.

Fees, Limits, And Payment Options On Tokenexus

It is possible you will have to verify your account to withdraw money if you didn’t when you deposited. You can only purchase real cryptocurrency on Tokenexus. They do not offer other markets like futures, options, or CFDs. Join the fastest growing global cryptocurrency exchange — with the lowest fees around. US dollar is the only accepted currency for deposits, and the only two ways to deposit them are Bank and Wire Transfer. The transfer is free for corporate users, while individual users are charged with a 0.1 percent of the amount transferred. The editorial stuff of FraudBroker.comproject will not call Tokenexus exchange the scam artist.

Crypto is not legal in some countries so you should check your local regulations before creating an account tokenexus cheating on any exchange. You can also fund your account for free with lightning transfers of up to 0.1 BTC.

Tokenexus scam

This is to provide more liquidity between takers and makers because their electronic trading platform makes use of a broker dealer network. To translate – on Tokenexus trading is essentially buying from and selling to their partners with fiat currency.

Whale Alert Report: Top Odl Exchanges And Ripple Transfer 203 Million Xrp

Hi there, thank you for taking the time to reach out with your review. It sounds like your initial deposit may have failed which caused the crypto you bitcoin trading purchased using the pre-credited funds we provided got returned to us. We recommend reaching out to your bank to see why they rejected the deposit.

  • Tokenexus has a site, first of all, that its customers can use for trading.
  • This is what I’ve been saying for awhile people like to complain about btc.sx fees but they are honestly very reasonable.
  • Tokenexus exchange is officially registered in Beijing, China, and the subject to the jurisdiction of this country.
  • Most of their users are in China and countries in Asia.
  • Double Maker Rewards (roughly Sept – Dec 2104) – during this period, if you are a maker on an order, you get double rebates on your fees.
  • Every retail forex broker in the world trades against the client order flow.

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.

None of the information you read on Tokenhell should be regarded as investment advice. Cryptocurrencies cryptocurrency for beginners are highly volatile, conduct your own research before making any investment decisions.

Is Tokenexus A Scam?

This can ruin or enhance your overall trading experience. So after going through this article, you will be able to make a better decision and see whether Tokenexus is worth it or not. There are certain scenarios when you can’t find your answer in the FAQ section, or let’s assume you are facing an error during any transaction and don’t know what you do. They have provided the contact information of its customer support team, which is available 24/7 at your service. There is an option of live Q&A where you can ask them any of the queries related to the platform, and you are going to get an instant response from them. But if you are not willing to indulge in live chat, you can always send your problem via email, which will be catered to on very short notice.

The same is the case with the verification process. It is also a simple one that will not require days to process. It requires you to sign in to your account first of all. Once you are signed in, you have to visit your profile and choose the option for identity verification.

Tokenexus scam

Very solid project and look forward to how the interface improves even more. First let me say its nice to have a trusted exchange. If you are trading on any exchange that offers leverage and / or no fees, I’d say there is about a 100% chance you’re trading against the exchange, and therefore being scammed. Tokenexus holds 105 percent of the user funds in cold storage and has a hot wallet which always provides enough liquidity.

Most of their users are in China and countries in Asia. However, they have stopped trading in CYN and during Chinese tech crackdowns have halted operations in the past. Dear users, According to the European Unions regulations, all Tokenexus users have to agree to the following User Agreement to continue to user the website. We keep your deposits safe through offline storage, 24/7 transaction monitoring, and multi-factor encryption.

Basic Information From This Tokenexus Review

There isn’t any information about how they determine market price in their broker dealer marketplace on their site. However you can always check the price by asking for a quote in the trade tab. One of the major drawbacks of Tokenexus for the average crypto trader is the limited number of coins listed, and the limited trading pairs. Hi there, thanks so much for your positive review. Loving Tokenexus right now, good interest rates and restacking earned interest isn’t a pain. Pretty simple buy/sell order limits with some education on more advanced features. Also maker/taker fees are the lowest, except maybe when buying on Tokenexus.

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. Since launching in 2012, Bankless Times is dedicated to bringing you the latest news and informational content within the alternative finance industry. Our news coverage spans the whole crypto-sphere so you’ll always stay up to date — be it on cryptocurrencies, NFTs, ICOs, Fintech, or Blockchain. To sell, just go to the “Prices” tab, find the coin you hold, and click “Sell”. Specify the amount you want to sell and execute the trade. You can set up recurring buys of any cryptocurrency to dollar cost average automatically.

Top of the line exchange, especially for professional traders. The company offers a lot of advanced order types, including Iceberg orders, trailing stop orders and TWAPs. When completed Level 2 provides 50,000 US dollar limit on daily deposits and Tokenexus Crypto Exchange Review: Pros and Cons withdrawals for personal accounts and 500,000 US dollars limit for corporate accounts. Tokenhell is a blockchain & crypto news agency where you can discover news about crypto coins, technical analysis, blockchain events and detailed reviews.

As a complete side note, the kind of strategy you are referring to in #1 drives me crazy. They screw you over unless you complain, and then it’s “oh, sorry, our mistake, we’ll fix that for you” as if they have great customer service. It’s just a blatant strategy to screw everybody that doesn’t notice they are getting screwed. All in all, an excellent exchange, especially for Asian users. The exchange offers two-factor authentication and admin password feature which allows setting the frequency at which the trading requests the password. When it comes to futures trading, the open position is charged 0.03 percent, while closed position is free of charge. One of the reasons for Tokenexus’s success is their fee schedule.

How Much Are Tokenexuss Fees And Commissions?

They claim the least clicks of any crypto exchange. If you want to buy and sell crypto at market prices, just go to the price page and click “buy/sell” next to the coin you want. The layout is clean, and the help center has articles to explain each of the features. At this time almost all trading pairs are in USD, some in EUR, and a few major coins with trading pairs in USDT, BTC, or STX.