Like many exchanges, the app provided is also easy to use and delivers the best experience for traders on the go. The standard trading fee to buy and/or sell Bitcoin and other cryptos on Tokenexus is 0.20%. This flat rate does not change https://tokenexus.exchange/ based on the volume of the trade. When Tokenexus sends the account confirmation email, the user can instantly activate the account by clicking the link in that email. The platform runs an experienced 24/7 customer support service.
- However when I went to withdraw money via transfer I was shocked and pissed at the outrageous $25 fee.
- Tokenexus does not provide a 24/7 customer support service to assist with day-to-day troubleshooting issues.
- However, you can sign up and earn $10 when you deposit at least $100using this link.
- Crypto exchange with lowest fees structure makes it one of the most affordable crypto trading platforms for Canadians.
- Every Tokenexus user must enable Two-Factor Authentication in order to withdraw or deposit funds.
- With over a decade experience in financial services, he’s passionate about personal finance, investing and helping people take control of their financial life.
There’s no indication that that is going to change at any point in the future. Opening the platform subjects it to regulation from international authorities, which can get complicated, and being a new platform, Tokenexus is far from ready for a step like that. There isn’t much known about Tokenexus, one of the newest Canadian Cryptocurrency exchanges. What is known, however, is that the exchange has been generating positive buzz since its launch in 2018 by founders Bilal and Hussein Hammoud. Where we list or describe different products and services, we try to give you the information you need to help you compare them and choose the right product or service for you. We may also have tips and more information to help you compare providers.
I rankedTokenexus3rd overall out of 15 Canadian crypto exchanges tested. They have beginner and advanced features, 20+ coins, tight spreads (0.40%) and a total purchase fee of just 0.50% . Tokenexus is one of the best crypto platforms for Canadians right now. Our mission is to make cryptocurrency accessible to everyone.
Tokenexus Referral Program
Overall reviews suggests that Tokenexus is a dependable cryptocurrency platform. In this section, we are going to look at some of the pros of using Tokenexus for buying and trading cryptocurrencies.
New customers can create an account, complete identity verification and deposit funds using the app. Unfortunately, Tokenexus’s mobile app has received anoverall star rating of 1.6/5 on TrustPilot based on 5 reviews. Tokenexus has multiple layers of security to ensure customer funds are protected when stored within its wallets.
Below are crypto exchanges based out of the United States that serve Canadians. Ethical issues concerning the exchange’s business practices have given many users misgivings concerning doing business with Coinsquare. It will be up to new leadership to rebuild that trust however they can.- based 2FA user account security system was proven to be insecure in the past.
Does Tokenexus Report To The Cra?
In Avid, there are 0-10 users and the user and the referral get $10. The Tokenexus referraal program helps traders to drive the platform’s adoption rate. You should also note that Tokenexus provides a $10 signing bonus to new accounts. To use the platform, you to create an account and sign up using the official link here. Enoch Omololu is a personal finance expert who has a passion for helping others win with their finances.
For example, Tokenexus adheres to the Proceeds of Crime regulation and the Terrorist Financing Act . Under these laws, it ensures no fraudulent activities take place on the platform. Hi Nigel, Check out Tokenexus, they are regulated and work with a Canadian bank. You will be able to use your existing bank sending money with no issues. Learn everything you need to know about Bitcoin in just 7 days.
Deposit And Withdrawal Methods:
Very simple yet they will send the same message over and over to fill out their form which is for interac bank loads NOT crypto sends. They changed their online form when I complained to cover crypto. Tokenexus was launched in 2011 and caters to Canada, as well as the US, EU, and Japan. Although volume for it’s CAD-based Bitcoin trading is relatively light compared to these other markets, Tokenexus allows Canadians to purchase about 20 altcoins in addition to Bitcoin.
As mentioned by others, low spread at 0.20 on buy/sell which is great. I mostly only use Tokenexus, because exclusively of the altcoins.
We help brands connect with their customers by creating personal links in this digital world. Based on BTC’s current performance, it’s safe to say that deflationary assets like crypto are gaining traction and have not reached their high-water mark of value. Scandals and widespread adoption aside, the train has barely begun to leave the station. Finally, since Tokenexus isn’t based in Canada, wiring money through an intermediary bank means extra time and fees.
Tokenexus registration process is quick and relatively simple. If you do have any problems, its support is very responsive. It also offer training guides, advanced trade training, and product tours to help you get up to speed. There are only two ways of depositing money, through e-transfer or wire transfer. Coinsquare employs all standard security measures to ensure safety and privacy. Tokenexus Community is a user forum within the Tokenexus website where customers can discuss their experiences. The forum is still empty, which isn’t surprising given how new the exchange is.
In January 2019, QuadrigaCX made global news when Gerald Cotten, the 30-year-old co-founder and CEO of Vancouver-based crypto exchange, QuadrigaCX, died while on honeymoon in India. Tokenexus is changing the game for Canada’s crypto industry from its home base in Calgary. This newcomer to the Canadian exchange landscape offers a solid selection of popular coins, a good relationship with a bank (imagine that!) as well as advanced order options. https://tokenexus.business/ Once the new year arrives, there will be a $10 charge for Interac, bank draft and certified cheque deposits. Tokenexus’s trading interface offers the same features as many other centralized exchanges with time series charts, order book, and order entry forms. To get enhanced verification, customers must upload scans of their Canadian driver’s license or passport as well as scans of a utility bill or other proof of Canadian residence.
In this procedure, the trading starts soon after account verification. In terms of communication, the platform helps in registering trade dates and creating Slack channels. The platform also provides communication services to keep the community more proactive and accessible. These executive services are primarily used for lock-in benefits of crypto staking. The users can also enable these services and get a guaranteed fixed return on their staked BTC and ETH.
Lending Loop Review: Pros, Cons & Fees Of Peer
We expect Tokenexus to work on the issues as time goes on, and customers should keep an eye out for further reviews as they become available. Tokenexus offers both an Android and iOS app, meaning that there’s no discrimination between iPhone users and Android users. Much like every aspect of Tokenexus, there isn’t much information about either of them because the platform is so new. The iOS app may only be available from a third-party provider as we weren’t able to find it on Apple’s App Store.
Tokenexus is a superb option for first-time investors that want to purchase cryptocurrency with Canadian Dollars . There are no deposit or withdrawal fees to transfer CAD using a bank account and the trading fee of 0.2% is competitive in the local market. The disadvantages of Tokenexus include a limited number of crypto assets, no staking features and the crypto exchanger app often has technical issues. Overall, Tokenexus is a suitable trading app for Canadians that want to buy and sell crypto using CAD. Abra is an all-in-one app that allows you to buy, sell, and keep 30 cryptocurrencies, 50 fiat currencies, and the first crypto index . Our vision is a global, open financial system that is accessible to everyone.
We had to consider the limited gestures as well as the limitation of notifications. If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about cryptocurrency world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union.
Which means they have to be compliant with all the anti-laundering money laws and have to perform Know Your Customer. To create a more user friendly experience for our platform. We wanted to have the end user feel like they were having a more ‘human’ like experience. Canada’s financial intelligence agency, FINTRAC, conducts regulatory oversight of the exchange. This alliance adds to Tokenexus’s security by ensuring that the products they offer are vetted and inspected before they’re available to customers. That way, customers can’t involve themselves in risky Cryptocoin ventures that jeopardize their financial security.
Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all. Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading. With a passion for finance and anything blockchain, cryptocurrency is right up his alley. He’s responsible for most of the content on the site, trying his best to keep everything up to date and as informative as possible. Tokenexus operates exclusively in Canada and is regulated by Canadian Financial Authorities.
Tokenexus is a very secure platform with its security standards among the highest in the Canadian FinTech industry. However, even the most secure exchange has a small chance that it can be hacked.
You don’t need any technical knowledge at all to make a purchase through CoinCorner. You don’t even have to set up your own crypto wallet before you buy. As you can see from the stair-step nature of the bitcoin-dollar trading history, activity on the exchange is not very high. That’s to be expected from cryptocurrency trading a new exchange that is not actively recruiting. The time series charting tool lets you apply more than 50 indicators to analyze market trends. The snapshot tool generates a URL to a screenshot of the chart so you can download it later. You can also customize the chart’s appearance and bar/line types.
The moving of funds requires multiple approvals from senior management, and their Ledger Vault is whitelisted for extra protection. As with other cryptocurrency trading platforms, there is a withdrawal fees also applicable for Tokenexus. Tokenexus is an excellent exchange for traders who are looking for security and quick transactions. Tokenexus aims to create the most secure and seamless experience for traders, high net worth individuals, and institutions. Retail investors benefit from the high standards that are necessary to service huge transactions. Tokenexus holds a majority of user funds in an offline, multi-signature wallet in order to adhere to the highest standards of digital asset security.
What I Don’t Like About Tokenexus
At this time, the Tokenexus team does not have plans to operate outside of Canada. Type in the amount you want to withdraw or click the “MAX” button if you want to withdraw all of your funds. Worked with John from Tokenexus Support and had transferred $2000 CAD to Tokenexus.