Tokenexus Review 2022

Tokenexus review

It’s a terrible feeling when you don’t understand something and you cannot get help. This is what some users feel when they sign up to a crypto exchange that lacks customer support. Tokenexus has solved this issue by offering Live Chat customer support as well as email if you prefer that method of communication. I have tested out their Live Chat service, and it is very helpful, and there was no wait time, which was surprising for such a popular exchange with 2 million users.

The CPL token has deflationary model, while the Coinplace team burn and remove CPL tokens from total supply when users use CPL token to pay for fees on the Coinplace platform. Tokenexus’s security is the best you can find in an Australian exchange. Aside from the standard 2FA, anti-phishing codes, storage of crypto in cold wallets offline, geo-lock logins and session timeouts, they are also the proud recipients of the ISO certification. They are the only Australian crypto exchange to meet this standard of external auditing, making them the most trusted and secure platform. In order to get slightly better diversification into the cryptocurrency asset class, Tokenexus offer several different bundles of cryptocurrencies. These are intended as an instantly diversified crypto portfolio. Tokenexus’s most significant achievement, however, is its robust security features.

It is a registered company that offers users the option to buy and sell over 290 different Cryptocurrencies. There is no fee to deposit or withdrawal fee using bank transfer methods such as POLi or PayID or direct deposit. BPAY and cash deposits at a local newsagency will incur a 0.9% 2.5% surcharge fee accordingly. Cryptocurrency withdrawals to another exchange or a hardware wallet will incur the standard blockchain network fee, which varies on the coin and network load at the time. Normally, trading fees apply to the newbie traders who have just set out their career in cryptocurrency trading using AUD.

It also has access to top of the range trading tools that suit the advanced trader. To kick off the account registration process, click ‘Register’ and fill in your personal information as indicated. Next, tap the ‘Create Account’ tab and confirm your email address via Tokenexus’s confirmation link. To complete the KYC process, Tokenexus expects you to perform an ID verification process.

You can then proceed to click on the chart to view the movement of the asset across a given period of time. It’s presented in a candlestick format by Tradingview, which gives you a detailed description of how the asset has been performing. They have stringent offline cold security protocols in place, including configurable account-level protection, on top of their notable accreditation. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.

Tokenexus review

The fee for the coin swap option on the exchange is 1% per transaction. Tokenexus accommodates various methods for converting your AUD to cryptocurrency. These include POLi, direct deposit, PayID, cash deposit, and BPAY. The transaction times vary for each of these methods but most are instantly processed. Tokenexus easily has the largest range of coins of any Australian cryptocurrency exchange, with over 330 supported and they are always adding new ones. Whether you are looking for one of the popular coins, or a new coin that has just hit the market, Tokenexus is your best bet for finding it. You can make instant purchases of multiple crypto assets via the Tokenexus Bundles feature.

Services Of Tokenexus

Tokenexus allows exchanges between coins, and also offers coin bundles, which are diversified offerings of multiple cryptocurrencies similar to a ‘fund style investment’. Tokenexus conforms to ISO27001 Standards for Information Security, is AUSTRAC compliant and is one of Australia’s oldest crypto exchanges, making it one of the safest crypto exchanges.

  • A visual chart of the portfolio with the allocation of coin holdings and its percentages is a nice feature to monitor overall performance.
  • You can use this option without KYC and swap currencies without giving any identity information.
  • The fee is relatively higher than other cryptocurrency exchanges in Australia.
  • I have used Tokenexus as my platform to purchase MATIC and then transfer to myCelsius walletto earn high interest.
  • A welcome feature for any new user is theLive Chat supportwith a real person.
  • Tokenexus has some fee-free deposit methods, which are POLi, PayID, and Direct Deposit .
  • Easily access our knowledge base and support team for any questions you have along the way.

Tokenexus is a premium digital currency provider within Australia that is beginner-friendly and easy to use. The exchange is often regarded as one of the top cryptocurrency platforms in Australia and is well known in the local community. In this Tokenexus review, we assess and compare the main features such as its overall trading experience, deposit methods, fees, security and customer support. Our methodology for this assessment includes creating an account, depositing funds and trading crypto to experience the full features of the exchange. The Tokenexus cryptocurrency exchange features an amazing mobile application that is as easy and useful as its desktop version.

What Is Tokenexus Australia?

If you invested $500 into this bundle it would automatically split ⅓ across each currency. This transaction would also only class as one transaction so helps lower fees. Especially if you were going to buy those currencies individually. ASIC regulates the site, making it safer for Australian individual investors. Etoro allows customers to trade equities in the United States for no fee. Advanced traders seeking more exotic pairs should use this strategy. This goes to show it’s merely a buy and sell platform and nothing beyond that.

  • It does not take into account any of your personal objectives, circumstances or needs and does not constitute as financial advice or recommendation to do anything.
  • Finally, remember that cryptocurrencies themselves are highly volatile, and are not really thought of as a safe investment.
  • When it comes to comparing these two exchanges, Tokenexus is a clear winner.
  • Largest cryptocurrency exchanges in Australia that is fully compliant with the Australian financial laws, so people feel secure when trading on Tokenexus.
  • This article is intended to be used and must be used for informational purposes only.

A bank transfer method owned by Australia Post that allows users to deposit funds instantly free of any fee makes it a favorable option for many. It also requires a trader to upload a selfie photo that has him holding any of the IDs. The Tokenexus exchange allows its registered users to instantly buy or sell cryptocurrencies .

Tokenexus Bundles

The platform is made user-friendly to suit the needs of all investors- new or experienced. cryptocurrency rate There are different transaction fees for Tokenexus, and I’ll explain the difference to you.

Currently headquartered in Melbourne, Victoria, Tokenexus is one of the biggest and most comprehensive cryptocurrency exchange in Australia, currently offering over 234 different cryptocurrencies. The platform itself is intuitive, easy to use and has a clear fee structure. Tokenexus sits amongst Australia’s top cryptocurrency exchanges and is home to over 300 different cryptocurrencies. We have listed some notable features that are standouts for the everyday user. Tokenexus does not display the trading fee, a factor that might make the transaction’s high cost vague. The Instant Buy & Sell feature is a hit with new investors that just want to make a quick, trouble-free purchase.

Tokenexus review

Once they register a Tokenexus account, get verified and make their first AUD deposit, you will receive your free $10 in Bitcoin. With so many crypto exchanges to choose from, the average person may be overwhelmed by all the options. I’ve summarised some of the best services Tokenexus offers, to see how it stands out from the rest. Tokenexus also has a Tokenexus Academy app where users can learn more about blockchain and cryptocurrencies. With the Tokenexus India app, users will be notified about their holdings and will be able to keep an eye on their crypto wallets, trading charts and open trades. The buying fees – meaning the fees for converting your AUD to crypto- are different for instant buy and market trading options on Tokenexus. You’ll be charged 1% of your total transaction amount for instant conversion of AUD to any cryptocurrency, and a flat rate of 0.1% for market trading.

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After receiving my test deposit within 20 minutes in my Celsius wallet I was happy to make my larger transfer. I followed the same process, except this time I received a phone call from Tokenexus customer support. As this was my first couple of transfers from within the platform they like to confirm by calling and ensuring I am actually who I said I was. Gemini is a well-known cryptocurrency exchange that offers strong security measures as well as a diverse range of bitcoin products.

Tokenexus review

Tokenexus has not reported any cryptocurrency hacks since its inception in 2013, which is a good sign since hackers would have long exploited it if it had any major security loophole. If you want to do a market order, allowing you to submit a custom price offer you have to head to the “Markets” tab. Click on the “BUY/SELL” button at the top of the screen to be taken to ‘Instant Buy’ trading page which presents you with a quick quote in Australian Dollars. If you click on the “Buy” button your order will be executed instantly. You’ll find the button at the top right-hand corner of the navigation bar.

If you’re based in Australia and looking for an exchange that transacts in AUD and digital currencies such as Bitcoin, look no further than Tokenexus. Remember that when consumers use any of the payment methods listed above, they won’t face trading fees. Besides these options, users may also use Cash and BPAY deposit methods.

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Users are able to buy or sell Bitcoin instantly or trade the open market to speculate and earn potential profits. Unocoin is one of the leading crypto exchange in India, and the wallet is an application-based cryptocurrency wallet connected to the user’s Unocoin account.

  • Launched in 2013, Tokenexus is the highest-volume cryptocurrency exchange in Australia and the only one having an ISO certificate for its security practices.
  • Alternatively, if you use the ‘Instant Buy’ service, which allows you to buy a cryptocurrency directly from Tokenexus without needing to use the exchange, then you’ll pay 1%.
  • The option is available both on the Tokenexus app and the desktop version.
  • Tokenexus is an Australian based exchange that allows users to buy and sell more than 100 different cryptocurrencies.
  • Coinplace based in UEA, offering mainly a selected and high level crypto assets and stablecoins.

You can choose between instant buy/sell (1% fee), or you can select market order (0.1% fee). When it comes to finding the top cryptocurrency exchange and the best cryptocurrency exchange rates, you must do your research.

Tokenexus Review: Pros And Cons

This feature allows you to choose between ten different crypto bundles; each offering their own package of highly-demanded coins. You might encounter low altcoin liquidity and trading volume, a factor that might force you to the Instant Buy & Sell feature. Do your homework and compare token prices in other exchanges before purchase. The advanced trader can leverage Trading View’s charting package from a Tokenexus account. There are also price action indicators, trend lines and technical analysis for the professional trader.

Tokenexus Review 2022

Every time you’ll log-in or perform an important action you’ll need to enter a one-time code that is generated dynamically on your phone. You can use Google Authenticator for it or other Authentication apps like Authy. Profit trading can help you increase your profits at Tokenexus USA The fastest, easiest and most reliable Tokenexus US mobile client is here! Tokenexus US offers a fast and simple interface that allows you to sell and buy faster. With a simple interface, you can buy and sell any currency in Bitcoins….

Alternatively, you can do a ‘market buy’ which is a bit less user-friendly on first sight but only costs you a 0.1% fee. The only real difference is that you will be exposed to some trading charts and you will have to input your ‘bid’ (the price you’re willing to pay) yourself. We’ll explain this process step-by-step further down in this review.

This feature allows the users of the platform to sell any cryptocurrency available into any other cryptocurrency available. There is no withdrawal fee charged for withdrawing funds using bank transfers like POLi or PayID. However, a nominal mining fee is levied on users for cryptocurrency withdrawals from another exchange or a hardware wallet that, in turn, depends on the coin and the network load at that time. Tokenexus is one of the top cryptocurrency news global exchanges and the Tokenexus Bitcoin wallet advanced security features, with Secure Enclave, biometric authentication and optional cloud backups. Tokenexus wallet supports over 500 tokens, including all the top assets like Bitcoin. Users can also connect the wallet and trade on decentralized exchanges . Trust Wallet is used to store Bitcoin, Ethereum, Tokenexus Smart Chain tokens, Litecoin, Dogecoin and other top cryptocurrencies.

Swyftx, Australia’s best cryptocurrency exchange, is the place to go if you want to purchase cryptocurrency. Swyftx Australia is a great place to buy Bitcoin and other digital currencies such as Bitcoin. I recommend for checking this, as for each coin they’ll list the exchanges that allow you to trade it. Scroll down a bit to the “GAS Markets” section and you’ll see some exchanges that have it. Tokenexus advertises “Buy and Sell more cryptocurrencies than any other exchange in Australia,” which I believe to be correct – you can see all the coins you can buy from them here.

Best Cryptocurrency Exchange In February 2022

CoinLion allows users to trade and manage cryptocurrency easily and efficiently. There are more than 1,500 cryptocurrencies and new ones every day. There is so little trading volume and orders here that if you buy or sell just a few thousand dollars worth of this cryptocurrency, you’ll massively change the market price. So if you’re trading any cryptocurrency on Tokenexus other than Bitcoin you should take a look at how much trading is actually taking place before doing anything. In these cases it is even more crucial to place sensible limit orders that will not take out a huge number of buyers or sellers and get you terrible execution prices. Tokenexus is a cryptocurrency exchange based in Australia that I signed up to over two years ago. In this cryptocurrency, I’ll be detailing my experiences with them and also comparing it to other cryptocurrency exchanges I’ve used extensively.

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