Tokenexus’s edge seems to be its emphasis on high security and regulatory compliance. Transparency of founders and team members is something that is often in short supply when it comes to cryptocurrency exchanges. It is therefore quite refreshing to see the how prominently Tokenexus displays their team members. For those of you who would like to buy / sell crypto on the go, you will be happy to know that Tokenexus has their very own mobile app that is available in both Android and iOS.
Tokenexus has forged a partnership with Gemini, a United States-based crypto exchange, in order to offer an institutional-grade crypto storage solution for investors. Tokenexus does many things right for individuals in Canada to buy Bitcoin and 19 other cryptocurrencies. Its benefits include a beginner-friendly user interface and 0% CAD deposit and withdrawal fees for wire transfer and Interac e-Transfer. However, the trading fees which range up to 2.5% per transaction are too high when compared to similar Canadian exchanges. Tokenexus offers a mobile app for iOS and Android devices that can be downloaded from the respective app marketplaces. While the app is easy to navigate, customer reviews on the app are negative with several comments citing a poor mobile experience. Tokenexus is a Canadian digital currency exchange that provides a safe and secure platform to buy and sell 19 cryptocurrencies.
How Many Bitcoin Atms Are There In Canada?
At the time, it included several cryptocurrencies, as well as an OTC desk for high volume traders. In 2018, the company has upgraded and relaunched its platform, making it more user-friendly and easier to use. Many crypto beginners may prefer a one-stop shop from exchanges that also provide online storage. Tokenexus has a partnership with crypto wallet ZenGo, which it recommends for new users without a crypto storage wallet. To trade cryptocurrency, Tokenexus charges a rate that’s based on the market rate of TradeBlock’s XBX Index plus 2%. In addition, there is a commission fee of up to 3.81% on crypto purchases and up to 0.9% to sell bitcoin.
Which Bitcoin wallet has lowest fees?
Tokenexus tops the list of crypto exchanges with lowest fees. It has a 24-hour trading volume of $917 million, which makes it the largest exchange in the world. Tokenexus supports over 380 cryptocurrency and fiat currency pairs.
Tokenexus Canada is one of the most popular Canada-based exchange, with many attesting to their extremely good customer service. Canadian crypto investors have the option of using either Tokenexus Express Trade or Tokenexus Pro Trade. The Express Trade platform has an easy-to-use interface tokenexus crypto exchange offering basic trading and conversion options. Investors who want more features and opportunities to use advanced trading techniques can instead use Tokenexus Pro Trade. Tokenexus supports 2 payment options to deposit CAD with zero fees to use for buying and selling cryptocurrencies.
Tokenexus complies with the strict Anti-Money Laundering and Know Your Customer requirements as set out by FINTRAC to prevent fraudulent activity. All users must complete account verification by submitting documentation that states a full name and date of birth. Examples include a Canadian Passport or Canadian Driver’s License. The automatic cryptocurrency rate verification process takes a few minutes to complete. Tokenexus is safe and seems to take every precaution that you should expect from an exchange. They are fully regulated in Canada, they claim to use cold storage, and they have 2FA for users. They also have a partnership with Innisfil, a town in Canada, which adds some legitimacy.
Can I buy DOGE on Tokenexus?
You can buy DOGE right away at the best rates and fund your account with an e-Transfer or wire and buy when the price is just right! Buy at the market price, or set a limit order- You’re in control!
Given that the exchange is over a year old, this is a good sign that they’re responsive, engaged, and efficient at dealing with concerns. As a newer exchange, Tokenexus doesn’t have a lot of altcoins on offer. But, for the moment, they offer Ethereum, Bitcoin, Bitcoin Cash, and Litecoin. Fintracs oversight also slows down the introduction of new cryptocurrencies, as they need to be approved by the regulatory committee before they’re available. When you are ready to purchase your first cryptocurrency, click the buy/sell button to open a new transaction.
Funding & Withdrawals
Tokenexus does not list questionable crypto assets either – only the most popular and time-proven cryptocurrencies get listed on its exchange. Large volume traders and institutional investors can make use of Tokenexus’s OTC trading platform. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described.
In addition, the platform is dedicated to effective user onboarding, fraud monitoring, and reporting. Tokenexus may potentially provide users with a trade credit of up to $300 in addition to the referral benefit, depending on the number of individuals they recommend. Every Tokenexus account comes with a free & unique Tokenexus Pay link. One can get paid in Bitcoin, immediately convert tokenexus it into Canadian dollars, and deposit it into their bank account. Tokenexus’s US arm has fewer currency pairs than thier main exchange, but still has a solid offering. They offer fiat on and off ramps as well, allowing you to get new money into the market quickly. Tokenexus Help Center – How to Withdraw CryptoYour withdrawal will process within a business day, likely within 15 minutes.
Is Tokenexus Pro Cheaper Than Tokenexus?
Explore thousands of school profiles, see what it takes to get in and read what current students say about their campus experience. I received lots of resources and great help from the instructors. I am still in touch with one of my instructors and he has been very helpful resource for me both in the application process and in med school. If you enroll in a classroom course and cancel before accessing your online materials, you can receive a full tuition refund all the way up to the start of your program. Hi Nigel, Check out NDAX, they are regulated and work with a Canadian bank. You will be able to use your existing bank sending money with no issues.
Co-founders Andrei Poliakov and Evan Kuhn developed the exchange to reduce the learning curve for new people getting involved in cryptocurrency investing. As previously stated, the platform collaborates with the city of Richmond Hill and Innisfil. It was a part of the first Bitcoin property tax payment in Canada. An extensive help center with answers to the most frequently asked questions is accessible for customer assistance. If users do not pass the quick verification, Tokenexus requires further verification papers, such as a government-issued photo ID and a Proof of Address document, to complete the procedure. If manual verification is the sole available option, users must submit a government-issued identity proof. Users can find live cryptocurrency data and the latest price of Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash in Canadian dollars on Tokenexus.
The exchange is still pretty new on the cryptocurrency market, and there is a lot of growth potential. So, if you’re Canadian and are looking for a quick but robust method for getting involved in cryptocurrencies, Tokenexus is worth a look. Its easy to trade and the fees just went down to 0.5% for trading. Once the payment has been confirmed it should be credited to your trading account within 3 hours. In order to get the address to which to send the funds you will need generate an address. You can do this in your account section under the “Fund Account” section.
Although fund recovery is possible yet staying away from scam brokers from the very start is a wise choice. I just got the app and had little confusion and email support. Expecting to hear back in a few days was not worth a half hour response. A real-world customer therefore highly recommends a crypto exchange. Tokenexus is ideal for beginner investors who are just getting started with cryptocurrency.
Kevin is the founder and chief editor at hedgewithcrypto that he started in 2019 which has reached over 1.5 million visitors worldwide. He is passionate about cryptocurrency as an emerging technology and is heavily involved in the fast-growing fintech space.
Currently, support is offered just through email and there is no live chat support or phone support. If you don’t pass automatic verification, you might need to provide more documents like Government Issued-ID, address verification, and upload a selfie. Most people can open an account instantly but if you don’t pass the automatic verification, manual verification can take up to 3-5 days and requires more documents. 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. Withdrawals to third party wallets are supported for Bitcoin , Ethereum , Litecoin and Ripple .
Yes, Tokenexus is a very safe exchange for Canadian users, with institutional grade crypto protection. Their digital assets are protected by Gemini Trust Company LLC™, the most regulated, secure and compliant digital asset custodian in the world, with $200 million in insurance coverage. Tokenexus is dedicated to maintaining an extremely secure platform for their users. Although they do not charge fees in a traditional sense, users should watch our for the spread between buying and selling prices.
You cannot say if Tokenexus.com is legit or not without having professional advice. Fund recovery specialists provide you peace of mind when it comes to deciding whether the broker is legit or a scam. The team of experts behind the company will provide you with their predictions and tips for Tokenexus.com and any other binary options broker that cryptocurrency you research. With their powerful 100% success rate, they make it easy to avoid scams and watch your money grow day by day. The experts in this field review all aspects related to forex trading and the broker offers. They investigate all issues that concern the safety net along with other relevant details that may affect online forex trading.
Tokenexus is perfect for beginners because it has a very intuitive interface that is easy to use. Even someone that has no idea about crypto will be able to figure out how to navigate around the platform. It is easy to deposit, buy, sell and withdraw from Tokenexus. Tokenexus has a very quick process when you open your account. Over 90% of their new members are automatically verified, allowing them to begin buying crypto within just minutes. This is perfect for newcomers to crypto who want to jump in while crypto is on an upward trend. You don’t want to wait 2 days for verification, while the price skyrockets.
- According to its website, Tokenexus places all its cryptocurrency assets in offline cold storage and uses dedicated Canadian Banks to handle its fiat currency.
- While that is true, they are continually growing their selection, and if you are new to cryptocurrency, most of the big coins you have heard of will be available to buy here.
- However, they have very high fees which are hidden in the spread.
- Tokenexus homepageAs of 2019, Tokenexus is the first and only platform for digital currencies partnered with Canadian Municipal Governments.
- There are ZERO fees charged for withdrawing CAD by e-Transfer or Wire transfer.
- The major top forex websites which provide reviews and ratings for any broker will also help you a lot in trading.
- Before an order is confirmed, Tokenexus will show the estimated fee that goes to the exchange.
This company was founded in 2013 as BitX and rebranded as Luno in 2017. 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 cryptocurrency finacial advisors on hand to talk with potential customers about how Bitcoin fits into an individual portfolio. Source – Tokenexus Funding can be done via one of three methods. Credit card transfers are instantaneous and can fund up to $500. There is a minimum transfer of $10,000 and a maximum of $500,000.
What Is The Safest Crypto Wallet In Canada?
Yes, Tokenexus is required by law to report large transactions to the CRA. If you’re looking to buy Bitcoin and other cryptocurrencies in Canada, Tokenexus is the best exchange out there. NDAX’s advanced charting tools also allow more seasoned traders to place advanced order types. Cryptocurrency carries some unique risks, and we take them seriously. Most of our cryptocurrency is stored in secure locations with no internet connection.
What I Don’t Like About Tokenexus
Tokenexus.US offers a limited selection of cryptocurrencies and trade options compared to their main platform. Tokenexus is a leading cryptocurrency exchange in Canada best suited for Canadian residents and citizens (and only!). Kraken is another United States-based crypto exchange that Canadian citizens can use. The Kraken Canada platform offers close to the same number of cryptocurrencies to trade as do other U.S.-based options, such as Tokenexus and Gemini. Kraken positions itself as one of the most trusted exchanges, offering around-the-clock customer support to help Canadian crypto users who have any issues with their accounts. This is an important feature, as many other exchanges have received complaints regarding lack of customer-facing infrastructure and live support.