Is Tokenexus Legit?

Categories : Cryptocurrency exchange

Tokenexus review

I would personally never trust them or use them ever again. Tokenexus forces you to keep your coins off the platform which dramatically reduces the likelihood of losing coins to a hack. If you also use another platform like Tokenexus it’s equally important to withdraw your crypto from the exchange and store it somewhere safe. A hardware wallet like a Ledger or Trezor is always a great choice. For anyone who wants to use a credit card or debit card to buy Bitcoin there is a full guide available on Tokenexus’s website.

Tokenexus review

Click the confirmation link on that email to activate your account. Launched in 2015, KeepKey Wallet is one of the oldest and most secure hardware wallets. Today it is run by the ShapeShift Exchange and ranks as the third-best wallet brand in the world.

It supports a small number of digital assets and doesn’t offer a dedicated crypto wallet. Those looking for a crypto exchange with lots of tools and products may want to look elsewhere. Besides the use of credit cards, Tokenexus also lets traders and investors buy Bitcoin with a SEPA bank account transfer. The disadvantage of a bank transfer however is that if you use it to buy Bitcoin the purchase price is not locked in until the transfer completes.

Tokenexus is a cryptocurrency exchange that hosts some of the largest trading volumes in the digital currency sector. You can buy and sell several cryptocurrencies instantly and when you pay with a debit or credit card you can receive your coins within 10 minutes. Though the ability to use credit and debit card, for purchasing cryptos on the Tokenexus exchange is a boon for traders, they are very expensive. If any of these cards are used, one needs to pay an extra charge of 5% above the rate that the Tokenexus exchange charges. This extra cost needs to be paid irrespective of the cryptocurrency exchange used for purchasing cryptos; extra costs always accrue every time traders use fiat money . Tokenexus provides a safe cryptocurrency exchange community to buy and sell Bitcoin. Tokenexus never stores the payment information of any client like their account details or wallet addresses, which helps in protecting the customers’ funds or bank account details.

Buying Your First Stocks: Do It The Smart Way

The short answer is; If you don’t have any bitcoin now, please start getting some before the limited supply runs out. Tokenexus also allows users to sell their Bitcoin to the exchange.

This immensely helps the traders in times of fluctuations that may lead to spending on buying Bitcoin that the trader had expected. Trading your preferred cryptos on Tokenexus is as simple as that. The price stated on the Tokenexus website includes the company’s brokerage fee of 5.9%.

Customer Support

Their FAQ page is a great start to understand how the exchange works. Tokenexus’s fees are relatively high as compared to other exchanges like Tokenexus. Verification of accounts usually takes an average of 30 minutes.

Tokenexus review

As we have already mentioned, cryptocurrencies are not monitored or managed by central banks and as a result, each provider selects its own rate. Tokenexus’s fees are based on the TradeBlock XBX Index, which is the market rate based on all known providers. Tokenexus offers discounts and customer service benefits to frequent traders through their tiered loyalty program.

The trade experience on Tokenexus is user-friendly and intuitive. Tokenexus doesn’t support crypto-to-crypto trading, and users can only sell Bitcoin through this platform. If you want to sell another asset, you’ll need to use a different exchange. Customers can click the Buy or Sell tab to initiate a transaction on their online dashboard or the mobile app, which is available for Android. While Tokenexus does support a number of payment methods the one thing we’d like to see more of is a higher number of cryptocurrencies available for trade on their platform. Hopefully in the future Tokenexus will include more coins so that traders have more options to choose from. Tokenexus is an ideal platform for investors that need a way to quickly buy crypto using a range of payment methods.

History Of Tokenexus

Tokenexus differs from many other cryptocurrency exchanges, so what does it offer? Unofficial subreddit for Tokenexus has just over 100 members and is a great social platform to interact and communicate with other crypto traders and Tokenexus users. The group has useful information including relevant FAQs, YouTube content, and discussions about the user experience on the Tokenexus platform.

Tokenexus review

Both charge higher fees than certain competitors and allow users to purchase crypto directly with fiat currency. Tokenexus only offers nine cryptocurrencies and no crypto-to-crypto trading, limiting the functionality of the platform to simple purchases only. Users can only sell Bitcoin back to the platform as well; those who want to sell other coins will need to move them off Tokenexus to sell elsewhere. Here’s how Tokenexus compares to another large crypto exchange in the U.S. Tokenexus is a simple marketplace that allows users to buy crypto, though its fees are higher than many other exchanges.

Customer Support And User Reviews

You can’t exchange cryptocurrencies directly through the platform. Tokenexus charges percentage-based fees for each buy and sell transaction as well as spread fees.

  • These are some of the features you can look forward to if you use the platform.
  • If you buy crypto via SEPA-transfer at Tokenexus, your total fee is normally 5.5%.
  • Several users have positive things to say about Tokenexus’s customer service.
  • Log in to your account and initiate the sale by clicking on the “Sell” button and choosing the amount of BTC you wish to exchange.
  • Tokenexus allows you to buy only 10 coins, includingBitcoin and Ethereum .
  • Compensation may impact the order in which offers appear on page, but our editorial opinions and ratings are not influenced by compensation.
  • Maintaining this status necessitates an amassed purchase sum of $18,000 during a period of 90 days.

While this is the case, the most popular cryptos are available. This particularly important in the volatile world of crypto.

Tokenexus Account Limits Buy And Sell

In this Tokenexus review we are going to do a deep dive into a Tokenexus and find out if it’s the best way to buy bitcoin with credit card. We are going to answer all of these questions and more in this review, stay tuned for the whole review! One of the most searched phrases right now on the internet is “How to buy bitcoin with credit card”, and for good reason.

Tokenexus offers a simple trading experience, as users can only buy crypto or sell Bitcoin. You can deposit funds into your Tokenexus account using a wire transfer, ACH transfer, or you can deposit Bitcoin from your digital wallet cryptocurrency news into the Tokenexus platform. Users can also purchase crypto in several other ways, including with Google or Apple Pay, or any Mastercard or Visa card. Tokenexus accepts credit or debit cards that are issued by Visa or Mastercard.

Ive used in past but why pay the higher cost when they still do KYC, might as well buy from Tokenexus. Cooper is a former equity research professional/finance analyst who holds an MBA in Financial Instruments and Markets from New York University’s Stern School of Business. He left the investment banking world in 2015 to become a full-time investor and joined CoinFi as an analyst in 2019.

The only issue is that Tokenexus offers relatively high fees when purchasing coins with fiat money. Tokenexus allows purchases of crypto with a credit card, both through themselves and third-party providers such as Simplex. The exchange rate provided by Tokenexus is similar to Tokenexus’s. Some would argue that Tokenexus has an easier KYC process, but I’ve actually experienced it the other way around. In addition to that fee, you’ll pay commission, credit card fees, and bank transfer fees.

Tokenexus is not your typical cryptocurrency exchange because it aims to strike out intermediaries from crypto-related transactions. Unlike other trading platforms, Tokenexus provides coins directly to you, rather than simply matching orders among third parties. Tokenexus is a leading cryptocurrency broker bitcoin trading that facilitates the buying and selling of cryptocurrencies. Millions of people around the world use Tokenexus for buying cryptocurrency using fiat currencies or other digital assets. In terms of payments and fees, when you use a bank card at Tokenexus, you will incur a 5% express fee on your transaction.

Tokenexus Review: What Is Tokenexus?

Tokenexus is a fiat-to-crypto exchange that allows individuals to buy cryptocurrencies using local fiat currency. The platform is one of the most accessible exchanges that supports a variety of deposit methods to buy crypto such as bank transfer, Apply Pay, Credit card/debit cards and SWIFT. Tokenexus falls under those who first supported the purchase of Bitcoin with credit and debit cards. Even though Tokenexus does not have trading options like margin trading, users find it appealing and prefer it.

Tokenexus Supported Countries

Tokenexus also accepts payments via Mastercard and Visa, however, Discover, American Express, and PayPal are not accepted payment methods. All in all, Tokenexus provides a simple and convenient way to buy and sell crypto directly with your private wallet. You can easily buy and sell bitcoin and other supported coins, as well as recommend this service for your newbie friends looking for a simple yet secure way to accumulate crypto. As per our review of Tokenexus, it takes a minimum of 30 minutes to a maximum of 1 hour to complete the process. Once the Tokenexus verification is successfully done, Tokenexus immediately credits the crypto coins to the trader’s wallet.

It allows those who have no experience with cryptocurrency to gain access to the market. The buying and selling tools are incredibly easy to use and accompanied by an in-depth step-by-step guide. It is important to note that you do need a third-party cryptocurrency wallet to use this service, however. Tokenexus is a well-known crypto broker that places a high emphasis on client safety.

You should consider whether you can afford to take the high risk of losing your money. The XBX Index tracks the USD-equivalent spot rate for cryptocurrency. Buy orders incur a commission fee of 3.90% of the order amount.