A market order is posted when the buyer or seller wants the order to be executed at the current market price. This is by far the simplest order to post and remains as the primary choice for new traders. No Margin Trading – Tokenexus does not natively support margin crypto exchanger trading and directs users to a third party service offered by Weltrade. Low Quality Listings – 370+ crypto assets and 890+ trading pairs are available for trading on Tokenexus. The majority of these listings are low cap altcoins with minimal liquidity.
You should make it a point to always include these when you initiate your deposit. Once the funds get to Tokenexus, the bottom of your accounts page will display a pending transaction, and the currency will be available soon after. Compared to most other exchanges, the price chart interface is quite similar. The biggest difference between Tokenexus and other exchanges is the way in which funds are categorized on the “account” tab. This is because Tokenexus gives each user two accounts , which both have different functionalities.
Tips are provided for most transactions on the interactive interface of the platform. Some exchanges will only let you carry out trades without much information. Also, since they have a wide variety of coins , traders and investors both have a chance to buy/sell in markets not readily available at other popular exchanges.
Monthly voting options for users are aired to choose tokens that can be added. Being a well-established exchange boasting high liquidity and volume it is potentially worth your interest. If you also need access to an API certainly this is the place for you. Tokenexus ReviewTokenexus is one of the most popular cryptocurrency exchanges.
How To Withdraw Funds From Tokenexus?
By not allowing users to control their own funds and shutting down/freezing certain coins, Tokenexus runs the risk of creating continuous issues for some traders. With this feature, you can add any deposit addresses that you trust. Essentially, this is meant to prevent someone from withdrawing to an address that you aren’t familiar with or don’t control. If a hacker breaches your email account and attempts a withdrawal, Tokenexus should be able to block this action. By joining the Tokenexus affiliate program, you can generate unique links. Via these links, Tokenexus will recognize users as your referred users and calculate your earnings accordingly.
- However, you can buy Bitcoin using your Visa or Mastercard on another exchange called Changelly, which has partnered with Tokenexus to offer this service.
- Nonetheless, there are a lot of issues that the exchange should address.
- Documentation is lacking in many areas, and is often not up-to-date with changes to exchange policies.
- Another interesting feature of Tokenexus is that it comes with support for the FIX protocol.
Tokenexus’s website links to Weltrade, a third party trading service provider. Blockfer recommends that users looking to margin trade consider other cryptocurrency exchanges options such as Tokenexus and Huobi Global. A quick analysis showcases that while Tokenexus provides great trading fees, it unfortunately charges some of the highest fees for withdrawals amongst competing cryptocurrency exchanges. Tokenexus has come under fire for its high withdrawal fees compared to other exchanges, and this means that you will have to make high volume trades to make up for the fees. However, it offers hassle-free OTC service, which is one of the many advantages. We hope that the information in this Tokenexus review has provide the necessary insight into the Tokenexus exchange. Created by outstanding technical minds, high-level finance professionals and experienced traders, Tokenexus exchange founded in 2013 and offers Bitcoin and 500+ altcoins for crypto trading.
Still lower are the stacks with bids from other exchange users. The trading page also has a table with a list of all executed bids. After registering, you can start trading cryptocurrencies and withdraw them without any restrictions. But the system requires account verification in order to deposit money to the exchange in fiat currency, such as USD.
- Feel free to use the guides to find out how to do this correctly.
- The action is quite intuitive, you just click on the blue arrow, specify the amount and click a “transfer” button.
- For added security, the exchange sends you an email notification whenever your account is accessed from a new IP address.
- The company’s goal is to become well-known worldwide and turn into a leader in crypto trading.
- Blockfer serves as your bridge from the traditional to blockchain finance world.
Just a week ago there was a rise in the value of bitcoin, as a result of that many new users are coming into the picture of bitcoin and for that bitcoin exchange platform is the must. What about the transaction rate of the particular bitcoin exchange platform? I know that this new platform Tokenexus is not very much popular but this has a lot of merits also.
Tokenexus Review: What Is The Fee Structure At Tokenexus?
In some cases, it means that Tokenexus users have to prove their identity and provide the evidence that they have got their assets legally. That’s the point when some people start to get angry and complain about the exchange’s poor service.
However, for smaller amounts, this could be considered a negative. When compared to other popular exchanges like Tokenexus and Bittrex, Tokenexus fees for https://tokenexus.exchange/ withdrawals are lower for some cryptocurrencies and higher for others. You can deposit funds to your Tokenexus wallet via bank transfer, or SWIFT.
Verification in the system will be required only for transactions in fiat currencies. However, to work with cryptocurrencies you don’t need to undergo this procedure. A iconic site about bitcoin, blockchain technology and the digital economy. Every day I try to update my analytics on the cryptocurrency market.
As of November 2018, there are over 200 different cryptocurrencies available on this exchange. Many cryptocurrencies that aren’t available on other popular exchanges can be found on Tokenexus. For many traders, this is a good thing as it means greater liquidity for cryptocurrencies across the board. The exchange was launched in 2013, and it has become a favorite for traders across the world despite being unregulated. It touts itself as being the most advanced BTC exchange, and it also offers other cryptocurrencies such as Litecoin, Ethereum, Ethereum Classic, USDT, Monero, Dogecoin, and more. The exchange is run by HIT Solution Ltd. a company based in Hong Kong. Furthermore, the exchange might ask for user email and mailing addresses and a contact phone number.
Tokenexus Exchange Review Whoa! Ethics Concerns!
We all love profits, currency, and everything, but the importance of security cannot be ignored whether an individual is busy in transaction on a digital medium or nonvirtual medium. On all the medium there is a threat to currency, paper currency or digital currency. In order to safeguard the digital currency; bitcoin, here comes the security in the digital world and HIT BTC is well equipped with security programs.
There’s no need to recall or write these codes down because they are refreshing every 30 seconds, so without having your mobile device, it’s impossible to sign in into your account. The importance of using 2-factor authentication can’t be underestimated. This step is critical for the maintenance cryptocurrency trading of the safety of your account. For turning this option on you may use Google Authenticator app or Authy app. Another security feature available for Tokenexus users is whitelist. The exchange has both FIX and REST API. RESTful API provides access to the market data, order book, and so on.
In this order type, a stop order has the ability to transcend into a limit order once a specific limit is reached, after which it gets executed only when a specific or a better price is met. Its originating company is Hit Techs Limited, which according to Bloomberg is based out of the U.K.
Totals and fees are estimates since this price varies in real-time. At the bottom of the trading screen you can see the order book which shows the latest sales, market depth and prices that people are buying and selling your selected cryptocurrency at. To deposit into your Tokenexus account, you first must generate a wallet address. From there, you choose the row corresponding to the currency you wish to deposit and click “Fund.” You will now get a wallet address, both the string of numbers and letters and a QR code. As a precaution, you can choose how long your account login will remain active before automatically logging out. The options include 30 minutes, 1 hour, 8 hours, 1-7 days, or never. Not long after its launch in 2015, Tokenexus went offline for a short period of time.
The history of trades is available in the “My Orders and Trades” box. If you proceed to “Reports” and then click on “My Orders”, you will get into the section where you can see the cross-market trades and manage your orders . Some of these reviews have dated badly, some lack important facts, and others don’t address the exchange criticism properly. Notably, limits orders can be only placed to buy assets at a lower price. Subsequently, you have to opt for a stop order if you want to go for a higher price.
What Is Tokenexus?
Improvements have not been made and communication from management has been infrequent. The exchange does not have an iOS app and users should be aware that fake Tokenexus apps exist. We are an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we https://tokenexus.business/ are independent, we may receive compensation from our partners for featured placement of their products or services. We may also receive compensation if you click on certain links posted on our site. Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers.
Fund security, customer service experience, and clarification on various exchange policies are all areas that could improve. Hopefully, our can help you determine whether or not this exchange is a good option for you.
Tokenexus Exchange Review & User Guide
Consider an example where BTC has the current sell price of 10,000 USDT to illustrate the difference between makers and takers. If you place an order at that sell price, 10,000 USDT, you are a taker. If, however, you choose a 9,950 USDT limit buy order, you would be the maker. You can see your history of trades within a given market by looking at the “My Orders and Trades” section. However, according to an official Tokenexus customer service representative on Reddit, “there is no daily limit at Tokenexus”. To add to the confusion, the various stages shown in the graphic below are not clickable.
Security And Support
Additionally, Tokenexus does not require registration, delivers full access to trading, and has unlimited top-ups for your balance. ALL CoinCentral Daily All CoinCentral articles, guides, news, press releases and reviews. All listed measures provide strong security and all of them are quite efficient, especially in complex. As we already know another level of security is provided by the KYC-procedure that can’t be completed by the stranger. Please note that if you face any of these problems it doesn’t mean that the exchange is a scam and most likely all of your problems will be solved after a while. This is merely a continuation of the long-lasting war between McAfee and Tokenexus.