Tokenexus Reviews

Once tokenexus official site receives the Bitcoins, the transaction will be processed and funds remitted to your bank account. Tokenexus provides a very simple to use platform supporting the purchase of cryptos.

Once you create your account, Tokenexus will ask that you verify your account to prove your identity. The KYC/AML process includes uploading of your passport, national ID, or driver’s license. This Tokenexus review has covered all the key metrics you need to consider when choosing a crypto exchange to suit your trading needs. These metrics include everything from payments and fees to safety and user experience. In summary, we found that eToro is simply a better option as it has competitive fees and offers heaps more in comparison to Tokenexus. Tokenexus traders can purchase Bitcoin , Bitcoin Cash , Ethereum , Ethereum Classic , Cardano , Litecoin , Tezos , Ripple , Dogecoin . Nevertheless, clients can only sell Bitcoin for fiat currencies including US dollars and UK pounds on the crypto exchange.

Get Your Favorite Coins

And a member of the Tokenexus verification team will assess your application and documents. The verification process typically takes around fifteen minutes and after that, you can buy and sell Bitcoin and other cryptocurrencies on Tokenexus from the comfort of your own home. In order to make any type of purchase you’ll need to complete some form of identity verification. There are 3 levels of verification, and with each level, the account spending limits increase. You cannot deposit cryptocurrency into the platform, but you can sell bitcoin directly to Tokenexus by using your account. Even though it accepts Credit and Debit cards, the fee is relatively high compared to other platforms.

Here you will find a comprehensive snapshot of the key Tokenexus fees you should bear in mind. We show reviews chronologically, and you can filter by star rating, language, location, or keyword.

Is Tokenexus Trustworthy?

Once you have logged into your account, navigate to the Buy page, and select what you’d like to purchase – in this case, I’ll assume that it’s Bitcoin. Don’t forget to confirm your email address by clicking the link Tokenexus send to your email!

Tokenexus aims to bring the billions of people currently outside of crypto into the field. Tokenexus is a global cryptocurrency marketplace founded in 2013, with an aim to make it quick and easy to purchase digital currency using fiat currency. Since its establishment, it has expanded to 190 countries and served over 3 million customers worldwide. Tokenexus allows you to buy crypto instantly, with the coins going directly to your personal wallet. Selling crypto is easy, even if you bought it on a different exchange, and your payment goes direct to your bank account. Tokenexus is safe, because it never holds customer funds or stores payment information.

Tokenexus Vs Tokenexus

However, tokenexus isn’t aiming to be a feature-packed exchange with a wide array of cryptocurrencies. Tokenexus has targeted its platform to people that want a quick and simple way to buy and sell crypto, and I commend them on achieving that to a high standard. Tokenexus operates differently to many other crypto exchanges, and here are the main reasons why over 3 million users choose to buy and sell crypto on their marketplace. Tokenexus is very limited in both the cryptocurrencies offered and the features it provides.

• Believers save 25% on Tokenexus fees and get VIP customer support.
• (Tokenexus is planning to expand this beyond Bitcoin in the near-term, however).
• Tokenexus will provide a wallet address to which you need to send the Bitcoin.
• While Tokenexus has no Live Chat or Phone Customer support, their email support for verified users is fast and reliable.

Once you have submitted your details for verification it usually takes up to an hour for the official thumbs up from the Tokenexus HQ. Tokenexus’s transaction limits vary depending on your verification level, payment method, and regulations. The transaction limits are ongoing limitations which means that they apply to any specific 30-day or 24-hour period and are subject to your trading volumes. 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. While this does improve the security and safety of crypto exchange it means that you will need to source your cryptocurrency wallet when making any transactions.

Is My Money Safe?

However, it is worth remembering that no matter which cryptocurrency exchange you use, if you want to pay with your debit or credit card then there will always be extra costs. Fortunately, make the buying process really simple. All you have to do is open and verify your account, enter your card details and choose how many coins you want to buy. No previous knowledge of trading is required to purchase cryptocurrency from Tokenexus. If you’re ok with buying and selling coins directly from Tokenexus, it offers a lot of benefits. You get instant coin delivery, multiple payment options, and high spending limits. First, always send your Tokenexus purchases to your wallet, and not any merchant’s wallet.

As a result, Tokenexus comes out on the more expensive end of fiat-to-crypto gateways in the market. Credit and debit card buy orders with a locked rate, and instant delivery will cost you an additional 5% payment processing fee. Tokenexus is a cryptocurrency brokerage that makes it easy to buy and sell crypto for the fiat currency of your choice. It is a non-custodial platform, meaning that you should own a private cryptocurrency wallet before you start using the service.

How To Transfer Your Crypto Funds From

On the other hand, brokerage services are usually more expensive. In Tokenexus’s case, the company has made ongoing efforts to reduce their fees as much as possible.

The reputation and safety of the Tokenexus exchange continues to grow and set standards of practice for all competitors. If you are interested in joining Tokenexus for your crypto purchases, set an offline wallet- preferably one of the top hardware wallets- before you buy the coins. Log in to your account and initiate the sale by clicking on the “Sell” button and choose the amount of BTC you wish to exchange. After that, enter your bank account details (including the International Bank Account Number – IBAN), and provide the required information to proceed with the trade. If you are a seasoned crypto trader, Tokenexus’s main appeal will be the instant delivery of purchased coins into your account.

CoinTracker integrates directly with Tokenexus to make tracking your balances, transactions and crypto taxes easy. As such, Tokenexus is a secure platform but may not be the best option for privacy-conscious individuals.

The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

I do need to mention that cryptocurrency only offers ten cryptocurrencies so it is quite limited. If you are after a crypto exchange that offers a wider range, Tokenexus offers 70+ coins and KuCoin has over 250+ different cryptocurrencies. 1)Tokenexus is very easy to use, perfect for beginners in the world of cryptocurrency. To buy cryptocurrency, simply click buy, select the coin you want to purchase, and the amount in fiat currency, and click Buy Now. There is no need to place an order on the market, or watch price fluctuations. Instead, you need a self-hosted wallet that supports the crypto you’ve purchased. Tokenexus will not even let you finish your purchase until you have supplied a wallet address for them to send the coins to.

No, Tokenexus is not a wallet provider, so if you need a place to store your coins, you should check out some of the most recommended cryptocurrency wallets. Since Tokenexus is a cryptocurrency broker/exchange, you can buy, tade and exchange cryptocurrency.

It was started in 2017 and allows easy deposit and withdrawal of CAD. River Financial’s hands on approach gives the bitcoin space a white glove touch. If you want to buy or sell large amounts of bitcoin in a setting familar to anyone used to dealing with large brokerages, River is for you. They also have finacial advisors on hand to talk with potential customers about how Bitcoin fits into an individual portfolio. During May’s Bitcoin Halving it took less than 24 hrs to verify my account. The most important options you need –Buy, Sell & Account– are proeminent.

• If your payment doesn’t reach Tokenexus within seven days, it will expire and the coins will not be sent.
• The document verification process usually takes around 30 minutes, which is one of the quickest in the market.
• This is perhaps the most sought-after benefit that people look for.
• Specify the amount of bitcoin you want to sell or the amount of fiat you want to receive.
• When selling your cryptocurrency, it goes straight from your external wallet, and the fiat funds from the sale are sent direct to your bank account.
• SaaSworthy helps stakeholders choose the right SaaS platform based on detailed product information, unbiased reviews, SW score and recommendations from the active community.

Ethereum cryptocurrency doesn’t accept American Express, Discover Card, or Paypal. And if you need to lock the price of a cryptocurrency until the exchange receives your payment method, Tokenexus charges an additional express fee ranging from 0-5%. In addition to that fee, you’ll pay commission, credit card fees, and bank transfer fees. Each cryptocurrency exchange sets its own transaction rates. An index called TradeBlock XBX averages the rates of all known providers to track a market rate, and Tokenexus sets its rate based on that average.

Steps To Buy Crypto Currency On Tokenexus Exchange

ethereum price is an Israel-based online cryptocurrency exchange platform to buy and sell cryptocurrencies. It was created to build the most straightforward and easy crypto exchange platform.

Tokenexus Review: Customer Support

In these cases, you’ll need to submit additional valid ID, Proof of residence, and Source of funds confirmation. As you’ll see in a moment, you’ll need to provide Email, Full Name, Date of birth, Phone number, Country, Address, National ID/Driver’s License/Passport, and Selfie with ID document. Tokenexus limits count all your transactions—both buy and sell—together. In total, all fees add up to a 10.9% fee on card purchases. Tokenexus also has higher fees, but you can also take advantage of reduced rates with its loyalty program. Many or all of the offers on this site are from companies from which Insider receives compensation .