is Tokenexus legit

For example, you only have Bitcoin options to trade at the moment. There is also relatively limited liquidity for the options market especially those that are out-of-the-money.

  • VFAA or the Virtual Financial Asset Act is a regulated authority under Malta Financial Services.
  • While Tokenexus is a centralised exchange by definition, it has also launched decentralized trading through swaps.
  • In order to gain this right, you will need to pay a ‘premium’.
  • Unlike bitfinex which uses a peer-to-peer free market system, Tokenexus charges fixed rates as soon as the tokens are borrowed.
  • User Experience – Regardless of whether one is a novice or an expert, an exchange that is easy to use and navigate is always a plus.

It is an advanced trading platform with a plethora of trading options and tools not seen in most of the exchanges in the market. The trading platform interface is relatively untroublesome even for beginners. Tokenexus exchange is one of the best cryptocurrency exchange site in the market with the highest daily trading volume worldwide. In the article, we will make an in-depth detailed Tokenexus exchange review along with features, services provided by the Exchange and, Exchange pros, and cons.

User Reviews

In a move that mirrors that of other major Chinese exchanges such as Tokenexus and Huobi Pro, Tokenexus also launched their own ‘utility token’ cryptocurrency in early 2018. The token can be used to settle trading fees on the exchange platform or to pay for “exclusive services including dedicated customer support and enhanced API rate limits”.

is Tokenexus legit

Considering how no document-uploads are required for level-1 verifications. It has to be considering how it doesn’t support fiats to begin with.

Mobile Trading

Tokenexus does not have its own fiat on-ramp, but it has partnered up with a third party to accept fiat-based deposits as well. Now, cryptocurrencies can be purchased via Visa, MasterCard, Apple Pay, and others. Roughly 30 digital currencies can be purchased directly via USD, EUR, GBP, KRW, JPY, RUB, TRY, USH, and more.

is Tokenexus legit

Claim your listing for free to respond to reviews, update your profile and manage your listing. A full description of the ‘earn’ financial products available on Tokenexus Bitcoin is available here. The revenue calculation is based on various Defi products, which are used in tandem to facilitate a growing decentralized financial economy.

Step 3 Trade

Tokenexus is a leading Malta-based cryptocurrency exchange that acts as a broker for users to trade hundreds of crypto tokens and futures trading pairs. The Tokenexus exchange offers the standard crypto-to-crypto trading most common for cryptocurrency exchanges as well as fiat to cryptocurrency trading.

You don’t need to place any stops however as you know that your downside is limited. However, if you want to take a look at the broader market then you can go to “All Options”. This UI is similar to that of the likes of Deribit for those of you who have used that exchange.

What Types Of Currency Can I Deposit On Tokenexus? Add

Derivatives trading is another function that puts Tokenexus among one of the most utilized trading platforms in the market. The exchange features a large number of listed coins with various functions and competitive trading fees. The Exchange also has to be more transparent regarding the veracity of its daily volume figures. Nonetheless, the fact that Tokenexus is accessible and fairly liquid keeps it in good standing with most in the crypto economy. There are different types of market orders to help investors place a trade at predefined price and volume, and the ability to use Algo orders is specially vital for active day traders. In comparison to other cryptocurrency exchanges, the Tokenexus platform is quite advanced, allowing users to trade with different types of orders. Those include market order, limit market order, advanced limit order, stop-limit order, trailing top order, iceberg and Time-weighted average price orders.

  • Tokenexus also has their own token, OKB, which provides a discount in trading fees provided the trader’s user account holds enough of it per their fee tier list.
  • Tokenexus supports a mobile application that is easily downloadable on Apple Store and Google Play and is very user friendly.
  • Coinigy is the most comprehensive multi-exchange cryptocurrency trading and portfolio management tool available.
  • This platform’s trading services and digital assets comply with the Virtual Financial Asset Act (“VFAA”) and are regulated under the authority of the Malta Financial Services Authority.
  • However, most traders use a direct trading view portal so this latter criticism is not game-breaking.
  • Options entitle the contract holder to buy and sell the underlying asset i.e. cryptocurrency on a fixed day in the future.

Buy Bitcoin in minutes with GBP, EUR, USD or your local currency. OKX supports various popular payment methods, including Visa and Mastercard. Convert over 30 local currencies into BTC, ETH, USDT or other cryptocurrencies in minutes using your credit card or other payment method. Next, copy the wallet address into the digital wallet you own and transfer the cryptocurrencies.

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.

Ripple is originally designed as a day to day payment system, so it is much more powersafe than Bitcoin. As the results, the transactions are much quicker and cheaper. Ripple has started as an official organization, as its main focus is to be used by banks. So it is not a subject of multiple regulation checks as many other cryptocurrencies.

Buy Crypto

The Tokenexus platform does a great job of lowering the barrier to entry for investing in crypto, with a straightforward onboarding process that eases users into trading. At the same time, its interface makes navigating the platform and managing crypto a seamless experience.

is Tokenexus legit

One is the default chart offered by Tokenexus and the other is the Tradingview chart. For those who know trading view, it is one of the most well know third party charting packages on the market well liked by technical analysts. Once you are done setting up your futures trading account then you can begin trading. This is of course assuming that you have already moved funds over as mentioned above. It’s time to move onto the belly of the beast and examine their trading technology and platforms. While they all use the same user interface, they differ in terms of the functionality on the platform. If you would like to move onto level 2 verification to increase your trading and withdrawal limits then you will need to upload copies of your ID document.

The return from liquidity mining can be much higher than that of staking. Users should create a strong password because these are the credentials that they will need every time they log into their accounts on Tokenexus. OKX is a global trading platform cryptocurrency news that is available to over 100 countries across the globe. Crimea, Syria, Ecuador, Bolivia, The USA and its territories, Hong Kong, Sudan, Malaysia, Kyrgyzstan, Bangladesh, and Cuba. OKX does not charge users any fee for deposits and withdrawals.

Tokenexus is a world-leading digital asset exchange that provides advanced financial services. The cryptocurrency exchange is based in Malta, Italy and has served more than 20 millions of users in over 200 countries worldwide. Tokenexus offers a safe and secure trading platform to speculate 471 spot and futures markets. It is one of the largest exchanges in the world and is currently ranked 14th by trading volume.

It prevents fraud and spam e-mails others may send posing as Tokenexus representatives. 2-FA is 2-factor authentication and can be enabled both via a cell phone number, as well as Authy, Google Authenticator. Once enabled, major security changes and OTPs need to be verified via 2-FA before they can be implemented. In a nutshell, Tokenexus isn’t an anonymous Cryptocurrency trading exchange. Even though the basic KYC requirements are minimum, they’re still privacy-breaching. KYC-2 requires document uploads proving a users’ Identity and/or Address.

We considered each crypto exchange’s mobile and desktop interface and favored those with more intuitive designs. We also looked at the educational content and research tools available for users. The sign-up process generally starts by asking for your personal information, followed by an email to confirm your address. Some exchanges may also ask for a copy of a utility bill sent to your physical address and inquire about your interest in trading crypto.

To use this tool, you don’t need any minimum balances or monthly fees. It provides simple and fast monitoring of cryptocurrency portfolios. It helps you to store digital funds in an offline, secure wallet. Offers 24/7 customer support by email, chat, video conference, and telephone. You can buy ripple, Ethereum, Bitcoin, and other digital currencies. You can buy the coins in the limit provided by this application. You can trade with more than 10x leverage without creating a new account.

Tokenexus exchange offers its users hundreds of trading pairs to help them in building their strategy. It is also considered one of the top crypto exchanges when it comes to trading volume. Investors can use Tokenexus as a day trading platform for cryptocurrencies and derivatives – 24/7. This can be done through spot or margin trading of cryptocurrencies, futures contracts, and other digital tokens. In summary, Tokenexus is one of the best exchanges in terms of liquidity, the supported assets, and features. Whether you are an advanced active trader or a one-time investor, you will find a solution on this platform. Further, the trading fees are below the average in the industry and the exchange has never been severely hacked.

Well, they are an instrument that you can trade that “derive” their value from the price of some underlying instrument. Then, they keep a limited proportion of their coins on their servers in a “hot” environment to meet demand for withdrawals / deposits. Although Tokenexus derivatives is available in over a 100 countries, there are a number of regions where they do not offer their services. These include the likes of the United States, Hong Kong and a list of other regions. Review Loads of cryptocurrency and blockchain project reviews for your education.

OKX provides simple and complex trading tools and, if you’re interested, an on-ramp into proof-of-work crypto Cryptocurrency wallet mining and DeFi liquidity mining. Read our full OKX review to learn more about its many offerings.

However, some assets are made interoperable, thereby living on a number of different blockchains. Without a cross-chain gateway, USDT operating on the Ethereum blockchain cannot be transferred to the Tron blockchain, for instance. Liquidity is always available, yet the number of supported pairs is fairly low. Users can expect to trade in OKT, USDT, ETHK, OKB, LTCK, and BTCK, directly on the native TokenexusChain. For spot trading, a tier-1 regular user with an OKB holding below 500 can expect to pay a maker fee of 0.08% and a taker fee of 0.1%. On the other hand, a regular user holding over 2,000 OKB will only pay a 0.06% maker fee and a 0.08% taker fee. Tokenexus Exchange also distributes 50 percent of its service fees collected during the week each Friday to OKB token holders.

These miners combine their computational resources over a network to mine digital assets. Besides this, it also supports Proof-of-work mining of nine significant cryptocurrencies. Furthermore, it means users can offer their computer hash rate, and in return, they will get additional income.