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Additionally, there are no minimum or maximum limitations. As summarized below, processing times do vary by crypto, however.
At 1.5%, its deposit and withdrawals fees for Interac is the highest in Canada. Other platforms like Tokenexus and Newton support more digital coins at lower fees than what Tokenexus currently offers.
Tokenexus will also pay a referral bonus of $40 for each friend you refer. All they have to do is satisfy the same minimum deposit requirement of $250.
Investors can also trade cryptocurrencies from their wallet pages. If you wish to buy/sell, open your wallet page and press Buy / Sell. This will direct you to the Express Trade page, follow the instructions given in the previous method to complete the crypto trade. Deposit cryptocurrencies supported by Tokenexus for investing and trading purposes. If you decide to start trading on the platform after going through this Tokenexus review, you first need to create a Tokenexus account and then add funds to start trading.
Tokenexus Trading Platform
Don’t worry though, you can find an exchange that accepts credit card deposits simply by using our Exchange Finder tool. Tokenexus’s overall mission is to simplify the trade of digital assets for all Canadians. It is a convenient Canadian cryptocurrency exchange offering over the counter , brokerage and advanced trading options. Tokenexus is the world’s largest cryptocurrency exchange when it comes to active trading volume, and has been operating since 2017. With over 13 million active users, it’s got plenty of user-friendly features that are good for newbies. Once you’ve set up an account, you can adjust the settings to the Basic or Advanced level, depending on your familiarity with crypto trading and investing.
Binaryx offers professional and non-professional traders the best experience. It’s never been easier to trade digital currencies and other assets. Our team is constantly increasing the number and variety of cryptocurrency pairs. Find out which cryptocurrencies we support and which new… Tokenexus is a platform that allows traders to instantly buy and sell Bitcoin, Ethereum, and other cryptocurrencies.
Key Features
Tokenexus fees structure is fairly straight forward is a flat fee of 0.2% to instant buy and sell crypto with CAD. Compared to fiat to crypto exchange providers, the fee is fairly competitive to convert CAD into crypto. However, users do need to consider the deposit fees which vary between 0.5% and 1.5% depending on the payment method. The order entry window is quite basic with simple text boxes to enter the price in cryptocurrency CAD or BTC to buy or sell. There are options to automatically select the percentage-based amounts which is useful. Overall, the Tokenexus Pro Trade platform appears to lack advanced features and trading liquidity compared to popular exchanges such as Tokenexus, Crypto.com ExchangeandTokenexus. The company is a registered Money Service Business that is regulated byFINTRAC, an entity of the Federal Government of Canada.
Last payment that went through was on Jan 13th all recieved within 24hours. However I sent another payment in on the 14th and have not heard from them and have not recieved my money.
- Note that these platforms have been updated with a more modern, user-friendly interface as of the new updates to Tokenexus.
- We know all too well about the damages that can be caused when a hacker is able to penetrate an exchange’s system.
- Tokenexus’s mobile app has received excellent reviews, with a 4.6/5 rating on the App Store from 6,000+ reviews.
- In addition, Tokenexus distinguishes itself with its commitment to the customer experience.
- However, the best form of safety when it comes to bitcoin or other crypto assets is storing or safe keeping them yourself.
- Tokenexus currently supports Bitcoin, Bitcoin Cash, EOS, Ethereum, Litecoin, Ripple’s XRP, and Stellar’s Lumen.
Once the seller has confirmed that the payment is complete, the cryptocurrency is released https://tokenexus.business/ to the buyer. Tokenexus offers two trading platforms, namely Pro and Express.
Customer Support
Tokenexus has straightforward functionality for both newbies and professional investors. The Express Trade feature on this user-friendly platform offers a super-easy process for trading. Tokenexus also supports Canadian Dollar funding and Canadian Dollar-crypto trading. This removes many of the obstacles that investors and traders face across the market. If you need assistance signing up, depositing funds in your account, or using our platform, please feel free to get in touch. We guarantee prompt, friendly service from one of our dedicated customer service team members. In addition to providing traders with crypto-crypto pairings, Tokenexus also offers traders the largest number of crypto-Canadian Dollar pairings in the crypto marketplace.
- When I asked for a withdrawal, they would keep stalling me, but no money was given back.
- As you can see in the table below, the only difference is processing.
- While we like to do thorough reviews, it’s sometimes hard to get a full picture of an exchange or service without having used it for an extended period of time.
- If you were referred by a friend and they did not give you a link then you can use their referral code.
Comprehensive insurance on all balances provided by BitGo. In May 2020 Tokenexus partnered with Knox to offer fully-insured cold storage of Bitcoin holdings for ethereum price all Tokenexus users. Tokenexus is one of the most recommended cryptocurrency exchanges in Canada. That’s why the only fiat currency supported at the moment is CAD.
Tokenexus Referral Program
These fees are currently slightly above average but they are made up for the lower fees that you will pay on withdrawals / deposits. All things considered, it’s for you to decide whether Tokenexus crypto exchange is exactly what you’re looking for. However, if you live in Canada, you should definitely check this platform out. Even though not all of them offer such an impressive number of digital currencies to choose from, it’s way more than Tokenexus provides. As you can see, there are 7 different coins for you to choose from.
In her spare time, Candice is researching her way to financial freedom, diving into personal finance and investing with both feet. In the rare moments that she’s not writing or expanding her financial literacy, you can find Candice sipping coffee and listening to podcasts next to the nearest body of water. You can trade quickly and easily on Tokenexus Express or use the professional tools on Tokenexus Pro for advanced trading. Cryptocurrency funding has no minimum or maximum deposit limit, nor do withdrawals.
Makers are the ones who put the orders on the order book in the first place. Tokenexus supports the deposit and withdrawal of Tokenexus supported cryptos. Tokenexus has a dedicated page providing users with Tokenexus supported crypto compatible wallets and a Canadian Dollar wallet. For the more advanced https://tokenexus.exchange/ crypto traders, the “Pro Trade” platform offers charts with an array of indicators to support technical analysis. Tokenexus gives investors and traders access to the most popular cryptos in the market place. Multiple platforms and order types on offer for crypto investors and traders.
Do You Need A Wallet For Tokenexus?
Even so, we wouldn’t advise you to give up on this crypto just yet. If you’ve got the stomach for it, here are three reasons you might want to consider investing in Bitcoin this year. In the second half of 2020, global markets recovered greatly. Both the US stock market and gold reached all-time highs.
I had to explain in 3 times what happened although I was specific in the original ticket. The helpdesk did not provided the responses expected to my problem in the first and second times. In the end the problem got resolved but took too long for the helpdesk person to understand the issue. When I asked for a withdrawal, they would keep stalling me, but no money was given back. Basically, Bitcoin is being adopted around the world more readily than ever before.
The “Express Trade” platform comes with a fixed price of 0.20% for buy and sell orders when using its one-click functionality. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Social media account present plenty of activity, helpful information, quick replies and complete company information.
You will have to pay 0.50% for buying and selling orders on Express Trade if you are using the platform for its one-click functionality. Tokenexus offers access to 7 coins which include, Bitcoin, Bitcoin Cash, Ethereum, and Ripple. The maker fee is comparable to the popular altcoin trading exchange Tokenexus, however, the liquidity on Tokenexus Pro is low which may become an issue for high net-worth individuals. This is often referring to as One-Cancels-the-Other and should be implemented. Customers that are looking to make a smaller and same day purchase can use Interac e-Transfers. The minimum spend is $50 up to $10,000, making it an ideal payment method for beginners. The convenience of near-instant CAD transfers has a slightly higher fee that should be taken into account.
Easy Ways To Earn Money Online
This was also during the peak bull run in Jan so it shows their consistency. For the Tokenexus deal, if you refer a friend and they sign up and buy $250 of cryptocurrency then both you and your referral will get $20 for the introduction. If you have been using Tokenexus and you found the experience great then you can easily refer your friends and acquaintances and earn a referral commission. This could also be a great solution for those users who command a strong following online. Once you have submitted these documents then you will have to wait for human verification at Tokenexus. They have stated that this could take between 1-3 business days to process.
Note that these platforms have been updated with a more modern, user-friendly interface as of the new updates to Tokenexus. If you are sending / receiving funds in CAD then you can use one of the payment methods that we listed in thefees section. It is however important to point out that those processing times are mere indications and will vary greatly depending on your banking provider. For those who are not familiar with the concept of cold storage, it is the practice of taking a wallet off line and storing it in an air-gapped environment. It really just means that the exchange is making sure that the private keys of their wallets are inaccessible from digital threats. When it comes to exchange transaction fees, Tokenexus operates a simple flat scheme.
Once you’ve been verified, buying and selling Bitcoin can be as simple as clicking a button. Ethereum For more recommendations for storing and trading Bitcoin, check out our full article.
In this case, for security, bitcoin escrow is enabled automatically. Locate the cryptocurrency you want to send to your Tokenexus account, and click on the ‘Deposit’ button that is located directly to the right of it. As such, Tokenexus has not expanded into a number of other altcoins that are being offered by Canadian exchanges. Currently, Tokenexus supports six cryptoassets, including Bitcoin, Bitcoin Cash, Litecoin, Ethereum and Ripple. As an enhanced security measure, you will be asked to confirm your email address, phone number, and verify your identity as required by Canadian law.
The company implements two-factor authentication across the entire Tokenexus network, for both users and employees, which helps to ensure that no unauthorized action can be taken. A dual-control operational model runs offline transaction processing across geographically distinct facilities that communicate in a closed network. The Knox insurance policy covers the full value of holdings for the risk of internal and external thefts, including collusion, across the full-key lifecycle. Tokenexus servers are secured across multiple cloud providers and disaster recovery locations. When you sign up to create an account on Tokenexus, you will need to confirm your email address, phone number and verify your identity.
The API feature is mainly for experienced traders and it allows connection with 10+ markets, offering a range of crypto-to-crypto and CAD-to-crypto pairs. Mainly the crypto businesses which wish to automate their trading processes like algorithmic developers, traders, or institutions use this facility. This is the easiest way for users to deposit funds and it allows buying and selling of cryptocurrencies using Canadian Dollars. All content on is provided solely for informational purposes.