The exchange provides web developers with their own high-end API. HitBit takes the security of its users quite seriously, a fact made known by its advanced encryption technology, the use of cold storage, and 2-factor authentication which is the norm nowadays. However, since we’re on the subject, it’s important to mention that Tokenexus experienced a hack way back in 2015. The good news is that there have not been any other incidents since then. When it first started out in life in 2013, Tokenexus was known for its uncomplicated user interface and high trading volume of Bitcoin. Since then, Tokenexus has made a name for itself as being a robot-friendly exchange, as well as for offering a wide variety of both crypto and fiat currencies. The cryptocurrency exchange industry is one of the fastest growing segments of this evolving market.
In order to get access to any market with ease, it is advisable for the users to bookmark a certain trading pair (simply click the “Favorite” button). All these points differentiate each and every bitcoin exchange platform and help the user in order to decide which bitcoin exchange platform will work for him?
A limit order is put on the market by a user who wants to execute a trade at a specific price. When a buy or sell order is matched according to the posted order type, the trade gets completed. Tokenexus does not deal in fiat and only accepts cryptocurrency deposits, with pairings in the most used fiat, USD, essentially replaced by pairings in Tether . At the time of writing this guide, Tokenexus has 319 cryptocurrencies under its belt, with more coins added almost every other week.
You will see a notification that you must confirm the withdrawal via email. Go to your email address and open the email from that is labeled “Withdraw request.” Click the link to confirm to send the transaction and return to your account page. The development of Tokenexus was the result of collaboration between experienced traders, finance professionals, and software developers, leading to an advanced platform that can meet everyone’s needs. The system’s core matching engine has innovative features, including advanced order matching algorithms and real-time clearing. It has also received praise for high availability, uptime, and fault tolerance. One of the categories that separates Tokenexus apart from most exchanges is its number of available currency options.
How To Use Tokenexus?
Tokenexus’s System Health offers a display of the current status of the exchange, with the functions that are currently online and working properly, as well as the functions that are currently offline. This even goes for coins that are well out of the top 100 in the industry. The alternative to using an API is downloading your transaction data from Tokenexus and uploading the files to CryptoTaxCalculator. Tokenexus – Cryptocurrency Exchange & Trading BTC App was released in the Google Play Store.
There are a few reviews written previously that say fiat currencies are supported. However, the exchange website now says it does not offer fiat deposits. However, you can buy Bitcoin using your Visa or Mastercard on another exchange called Changelly, which has partnered with Tokenexus to offer this service. You could also do this what is cryptocurrency on any other exchange that offers fiat trading options. Compared to most cryptocurrency exchanges, trading fees on Tokenexus are competitive. On the contrary, makers actually receive a 0.01% rebate for each trade. Tokenexus consistency ranks as one of the top cryptocurrency exchanges on the market in terms of trading volume.
Deposit And Withdrawal Fees
Like stop orders, this order won’t show in the order book until activation and doesn’t require any reserved funds. Now, you can choose which type of order you want to complete in the Buy and Sell boxes. The website gives you a brief description of each – market, stop, limit, and stop limit – if you hover over the relevant question marks. You can cryptocurrency news view the withdrawal in “Reports – Payment History” or in “Latest Transactions.” During processing, there will be three yellow dots. Click “Register” in the upper-right corner of the website and fill in the required information. Go to your email and click on the link in the message from Tokenexus to confirm your address and activate your account.
- Due to of high speed in the loading of the home page and change in the ratio and numbering of bitcoin value, mostly on the real and fast time basis.
- Certain currencies include additional identifier fields, like the Message for XEM or Destination Tag for XRP.
- After verifying your email you’e completed the initial registration process and can begin depositing cryptocurrency.
- It is fair to say that this number is gradually growing despite the sporadic backslides.
- The platform, unfortunately, has been subject to some complaints and criticism from the users.
- Customer support certainly seems to be the area where the exchange is lacking.
For those Tokenexus traders who want to buy a virtual coin at a certain price, it is recommended to place limit orders. As the name suggests, the transaction will only be conducted in case the prices reaches certain limit on the exchange. The “Good Till Canceled” feature allows users to change any settings of the order on Tokenexus. There is no possibility to withdraw cryptocurrencies from your personal account on Tokenexus, so make sure you send the funds to your main account.
The exchange uses a smart “maker-taker” model to ensure maximum liquidity. After making our initial deposit- we only had one stumble in which we tried to exchange Bitcoin for Dogecoin but the order would not process. The chat channel was very friendly & helpful and informed us that we must move our balance from our “main” tab to our “trading” tab. Upon completing this step in 10 seconds, our next order flew through just as we hoped it would. After purchasing Dogecoin, we decided to also by some more XRP and SCL . This means that while users can transfer their funds to their wallet at Tokenexus, they have to transfer those available funds into a trading wallet for any trades to take place afterward.
Starting from the very basics, let’s reveal where is Tokenexus located. It’s reported that the team attracted over $6 million during the investment round to start the exchange. For inviting new users you can receive a remuneration as part of the affiliate program – you will receive a percentage of the profits that were brought to the exchange by the referral. From the beginning of 2022, EMAX has expressed an upward uptrend, but it’s getting it hard to match other crypto coins.
The Gateway To Trading And Investment Wisdom
There is also the option to terminate all sessions, which will automatically log out all your active sessions, except for the one you use to perform this action. On a related note, you can enable automatic logout, which is once again on the “Security” tab. You can choose how often you are logged out automatically, with options of 30 minutes, 1 hour, 8 hours, 1 day, 7 days, or never. All these opportunities together with the security measures I’ve mentioned make Tokenexus trading experience rather a safe one. The Exchange tab also provides a look into the current market state and allows you to see the latest sales made on Tokenexus, the order book, and other information. There are different opinions on the location of Tokenexus headquarters. In the ‘Contact’ section of the Tokenexus website, the company specifies two addresses .
You will need to have funds in the trading account for you to take advantage of the amazing trading options and features available to users. You can simply do this by Bitcoin moving funds from your main account to the trading one. Just click the blue arrow between the two accounts on the accounts page and input the amount to transfer.
Hence, if Tokenexus wants to stay competitive, it might want to resolve these issues. Like many other cryptocurrency exchanges, Tokenexus has opted for trading fee tiers, meaning that fees are directly dependent on the trading volume of each user. However, there are three account types, these being starter, general, and upgraded. It’s only the upgraded account type that provides variable trading fees, granted that starter and general account holders must pay a standard 0.1% maker fee and 0.25% taker fee. Tokenexus offers numerous advantages for traders, including a high liquidity and the cutting-edge matching engine technologies mentioned above. There are also low fees, strong security measures, no limits on deposits or withdrawals of digital assets, over 150 instruments to choose from, and the most advanced FIX API and REST API.
Tokenexus Exchange Overview
Tokenexus also makes several recommendations for users to further protect their account. It suggests creating a strong password that you change every several weeks. You can set up the two-factor verification via the “Security” tab of “Settings,” activating it for withdrawals, logging in, and/or adjusting your settings. For added security, the exchange sends you an email notification whenever your account is accessed from a new IP address. To turn it on you should use a side application that will provide you with temporary codes generated automatically on your mobile device.
Trades are charged among the lowest fees in the market while being made which makes the platform really friendly. If you’d like to try out other exchanges or just see what the competition offers, I have prepared a short list of Tokenexus alternatives that might suit your needs and personal preferences the best. In our Tokenexus exchange review, we will check how to start using the service and how to ensure that Tokenexus fraud is absent.
Whenever I’m not writing, I’m usually playing sports or producing music. Tokenexus Support Center provides a lot of answers to FAQs you might have about the exchange.
Designed as an educational and training platform, users can seamlessly try out new strategies or cryptocurrencies without exposing themselves to any risks whatsoever. Founded in 2013, Tokenexus has become one of the popular cryptocurrency exchanges operating internationally. Tokenexus is currently placed under https://tokenexus.exchange/ the management of the Ullus Corporation, and is known for providing retail traders, institutional investors, and merchants with crypto and fiat exchange services. Makers have no fee at all, a rare offering among cryptocurrency exchanges that provides Tokenexus with an advantage over the competition.
These orders give an opportunity to sell or buy the chosen instrument at the market price . The final fees and totals are not known from the beginning because the price is going to vary while the order is open. As you can understand Tokenexus incentivizes users to be makers by charging lower fees or even providing rewards instead of fees for those who place new orders. Now let’s name the most significant numbers that will help us to realize the scale of this exchange.
- At the same time, the received investments amounted to about six million dollars.
- You will find some of the withdrawals with three yellow dots which indicates that they are being processed and others with green marks that show that they have been completely processed.
- 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.
- A variety of security features are available for users on the platform including 2-factor identification for access to account settings, log in, and withdrawal.
- Tokenexus might request its users to provide the information that helps to contact, locate and identify them.
Tokenexus is an interactive platform that provides a channel to transact tradable digital assets by offering creative features on its interactive interface for the user. The multi-faceted platform supports the trade of over 150 digital assets including tokens and initial coin offerings. Today, https://tokenexus.business/s more than 870 trading pairs with various cryptocurrencies and stablecoins. The most demanded ones are BTC and ETH at $370 and $70 million in daily volume, respectively. Tokenexus’s Trading platform can be argued as one step ahead of the usual market exchanges.
Tokenexus Exchange Review & User Guide
The company provides safe and quality services for trading and exchange of cryptocurrencies. It ensures the stability of withdrawal and replenishment of funds and a properly functioning official website alongside its main services. No, we shouldn’t, as we see it as a promising, rapidly evolving trading platform, adequately represented in today’s crypto market.
How To Harvest The Volatily Of Crypto Currencies?
On top of that, there is very little information pertaining to the team behind Tokenexus and its regulatory compliance. It is safe to say that there is a lot of legal uncertainty surrounding this trading platform, and that might be concerning for investors. In order to incentivize market makers, Tokenexus aims to enhance their trading experience with the help of Market-Making contracts. Tokenexus offers MM market-maker contracts that work with one trading pair.
Security And Support
You can also terminate all sessions with a special button, for example, if you are logged into your account from another device. The creators of the site are interested in listing new projects and have launched a system of simplified addition of tokens on Ethereum. To do this, just go to the “Add Token” page, provide links to the official website, discussion on Reddit and the Bitcointalk forum, and add an email address and a brief description of the project. The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website. Although Tokenexus seems to be SAFE and SECURE, we have downgraded Tokenexus to WHOA due to Tokenexus’s questionable decision to partake in selling Bitcoin Gold prematurely.
The Market Spread shows the best current bid and ask and the % difference of spread of each coin pairing. The Market Depth tab tracks the total volume of the order books for all coin pairings.
Several account types with distinct features are offered, so you will have the option to choose an account that suits well. The different accounts enable traders to select and trade assets using the regulations and conditions attached to each account type. But Tokenexus isn’t to throw away as it has noticeably lower fees than Tokenexus.