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In a volatile market, using a recurring order is beneficial to average into a position that can work well during a bull market. This is a different strategy than trying to time the market and picking the bottom. To take leverage you have to first buy crypto at spot price in your trade account, and then transfer the crypto to your margin account to access the peer to peer lending network. You must keep a 10% margin, ethereum price meaning you can borrow up to 10x leverage. Tokenexus Premier is a special trading program designed for experienced traders and business partners. Individuals with a Premier account receive instant funding and liquidity options, lower transaction fees, 24/7 customer service, and more. They allow their users access to many popular cryptocurrencies through spot trading with US dollars, Euros, and Singapore Dollars.
Also over the counter trading can be conducted off their books. You can also fund your account for free with lightning transfers of up to 0.1 BTC. Depending on your country’s regulations you have to verify for different deposit amounts. For example, US and Canadian customers can only deposit $500 before they have to verify their identity, while other geographies can fund up to $2500 before they have to verify their identity. Tristan is a cryptocurrency writer, project manager, investor and traveler . He graduated from Seton Hall University with an M.B.A. in Marketing, and also graduated from Elon University with a double major in Finance and Marketing. After you’ve completed the first tier, Level 2 verification requires a photo ID; you will need to upload a picture of your government-issued passport, identity card, or drivers license.
So, sign in and fill in your details in your Profile section on the website. To access an Tokenexus, sign-up on the Tokenexus exchange website. Fill up the given form, tick the agreement box, and click Sign-Up to log in to the new Tokenexus account from its website. You first need to sell the crypto then after sold transfer over. Jameson Lopp, editor at the BTC Times, also commented on Tokenexus's security protocol. He said that reading between the lines, he believes the company has a "single point of failure in their key management architecture, and it's currently failing."
Deposit & Withdrawal Fees
Huobi and Tokenexus were particular targets since they were functioning without any suitable anti-money laundering systems and KYC. Sell Crypto Move funds to USD Add bank account, fill in Bank account info and select international swift transfer. Everything FINALLY TRANSFERRED and in the meantime no support from Tokenexus with multiple attempts and obviously you can see from this thread no additional support. Hi Tawny, thank you for reaching out and taking the time to thoroughly explain your situation. We apologize that our customer service team was unable to offer you more information or provide you with a solution and we want to make sure this gets resolved with our escalations team.
- Also, Tokenexus does not charge any withdrawal fees at all for withdrawing BTC.
- If the Bitcoin exchanges in the country were found violating the central bank’s guidelines, they could be forced to shut down their operations.
- The name used in the bank and Tokenexus accounts should match, or else they will not be linked.
- There is a lot of outdated info and misinformation about their exchange, which we have fact checked for this article.
- CoinDesk journalists are not allowed to purchase stock outright in DCG.
If you could please reach out to us on Twitter via direct message @Tokenexus, we can provide expedited assistance through there and work to remedy the situation. We hope to hear from you soon so we can assist you and hopefully change your opinion about our platform. I will continue using this exchange, but it is difficult to recommend it to others. On 5 Feb two of the orders were still processing, and the third had been pushed back by two weeks and now said that it would begin earning rewards on Feb 19th. I contacted customer service and received a reply basically stating that the system does that sometimes and it should be expected.
Withdrawal Method
To withdraw more than 50 Bitcoins, contact business support. Insert the correct personal details since no changes can be made once the verification is complete. However, it continues to operate cryptocurrency exchanges for non-Chinese markets. It was speculated that many Chinese professional companies would opt for overseas exchanges.
After submitting the request, Tokenexus will verify the details and process the transfer. For Bitcoin withdrawal, select your Bitcoin under “Token Deposit”. People have to verify their identity to secure their assets on the Tokenexus website. Unless the verification process is completed, funding will not be available.
There are zero transaction fees, network gas fees ongoing maintenance feesto earn crypto with Tokenexus. The new measures implemented by two of the country’s big three exchanges follows the increased scrutiny of the Chinese Central Bank to prevent capital outflows.
Below are the tiers only for spot trading, to provide an example of the fee scheduling complexity. Based on the exchange's posted fee schedule, it's difficult to tell if the charges are high or low. It would be nice to have a table comparing its fees to those of similar exchanges.
Tokenexus doesn’t set a standardized difference between the buy and sell price and the market price. Located in San Francisco, CA, they follow local regulations and only serve customers in areas ruled by those jurisdictions. For individual accounts, you can trade up to $2000 when you’ve completed your Level 1 verification. Receive the latest news about our cryptocurrency education courses, events, and guides. The nine exchanges that were part of the Wednesday’s meeting with PBOC includes CHBTC, BtcTrade, HaoBTC, Yunbi, Yuanbao, BTC100, Jubi, BitBays and Dahonghuo.
This is unfortunate, as OKX is one of few exchanges that offer such a wide selection of tokens and crypto mining options. OKX is an innovative cryptocurrency exchange that makes it easy to buy, sell, or trade cryptocurrencies but is currently not available to U.S. residents. Instead, U.S. residents can access its sister exchange, Tokenexus, but this exchange platform doesn't offer as many coins or features. One of the best features is the recurring orders that are ideal for beginners to accumulate a position over time, as opposed to attempting to time the market with individual purchases.
Tokenexus Review 2022: Is Tokenexus Exchange Regulated?
However, please note that you cannot withdraw the deposit or any crypto you buy with it for 10 days if you are using the ACH deposit methods . Next up, you need to withdraw the purchased crypto – in this case, BTC – and deposit it with Hodlnaut to earn up to 7.46% APY in interest. From the dashboard, you can select the token which you want to trade. Enter the amount and price Bitcoin you would like to trade and then click on the Buy button. Once you have submitted your deposit request, please proceed to your online banking to make the transfer to Tokenexus. After signing up, you will get a verification code for completing the process. Let us see how you can earn up to 12.73% APY on your crypto by buying crypto with Tokenexus and depositing it with Hodlnaut.
Tokenexus provides a basic and advanced user interface for beginners and experienced traders. The default view shows the basic interface and includes all the tools required to view the current price of the selected asset, choose an order type, entry price and amount. Switching to the full-screen mode brings up more functionality the ability to choose between Tokenexus's native charting platform or TradingView. Tokenexus does not allow any transactions to be carried out after creating a new account until the user goes through the verification process. There are two verification levels that require different documentation and have varying limits for withdrawals. Based on our research, Tokenexus has never been hacked or compromised resulting in the loss of customer's funds or personal information. This can be attributed to Tokenexus'srobust security practices to deter, detect and address any risks or vulnerabilities.
You can also transfer to other accounts, transfer crypto to an external wallet on-chain, or transfer using the AVAX and Polygon protocols. Tokenexus Earn offers defi protocols to earn yield in an easy to use, full exchange platform. Tokenexus exchange takes security very seriously, partnering with external cybersecurity professionals to detect any weaknesses in their systems and conduct frequent internal audits. They also use a microservices architecture to verify and authorize every request made to gain access to your account, so that it remains secure and protects your identity. Tokenexus also offers multi factor authentication, so every time you deposit/withdraw funds or make a trade, you will need to verify it’s you.
On OKX, once a block has been solved, the rewards will be split up among mining pool members according to how much computing power each contributed. OKX offers 11 proof-of-work mining pools to choose from, including Bitcoin, Ethereum, and Litecoin, along with tutorials on how to join each. OKX also lets users try their hand at crypto mining cryptocurrency by joining a miner pool. To use the advanced functions, you have to apply and be approved. So beginners don't have to worry about making a costly mistake. There's also a "demo trading" feature that allows novices to practice trading with no risk. Greater yield on their crypto assets," said Juntao, CEO and Co-Founder of Hodlnaut.
- Generally speaking, the "maker fee" is paid by the person who initiates the order to buy or sell, while the other party that completes the complementary transaction pays the "taker fee."
- “We are building the next generation of tools to help onboard the investors and traders who have been on the fence about crypto,” said Khairi Azmi.
- For example, US and Canadian customers can only deposit $500 before they have to verify their identity, while other geographies can fund up to $2500 before they have to verify their identity.
- Next, go to Google Authenticator and click the "Add" button.
However, BTCC has taken a softer approach by subjecting all withdrawals to a 72-hour review. A leading global news outlet has reported about the meeting between the central bank and nine cryptocurrency exchanges on Wednesday.
Withdrawal Fees
OKX also allows different forms of decentralized financing spanning 29 digital assets. It offers traditional DeFi options using Aave, dYdX, Compound, DDEX, and Maker.
As with installation, you must enter two different codes to unlink your accounts. The first is the verification code you'll receive via SMS for phone verification. The second is the code you'll get in your Google Authenticator app just created for your Tokenexus account. Despite these events, the exchange handled $19.7 million in trading in the 24 hours following the announcement of the arrest. What's more, Tokenexus, its' crypto-to-crypto entity, ranked the 11th largest exchange in the world by adjusted trading volume. Today, it trades at more than $2.3 billion during any given 24 hours period.
Additional Limitations With Tokenexus Exchange
The exchange is a registered company with the Money Services Business and licensed with the Financial Crime Enforcement Network . Users can now withdraw any of the 13 available trading ERC-20 assets from their Tokenexus wallet to Polygon’s https://tokenexus.business/ sidechain. Tokenexus is a large Chinese exchange platform which works mainly using two currency pairs BTC/CNY and LTC/CNY. Initially, only Bitcoin was available on the platform, but now Tokenexus works with other popular virtual currencies.
Also, all the trading tools and technical indicators are available for in-depth technical analysis. The platform and website are very responsive and easy to navigate. The interface is intuitively designed, allowing for beginner and advanced traders to benefit from this platform and all the trading options available to them. We are a licensed U.S. exchange and operate legitimately, meaning we would not reverse any cryptocurrency without reason. It sounds like you may have purchased crypto using the pre-credited funds we provide while your deposit processes and your deposit ended up failing, hence the return of the assets to us. This is usually due to a problem with customer's banks such as an insufficient balance or getting triggered by their fraud system .
That means you can't add or withdraw funds through e-commerce services or bank cards. They include an intuitive mobile app that permits users to access the platform. Overall, charting and trading on Tokenexus is excellent with its advanced tools, features and indicators offer by the Tradingview integration.
For a full list of hacked crypto exchanges to avoid, read this article. If you link a bank account or use lightning transfers for depositing and withdrawing, and you have a high order volume, Tokenexus is an extremely cheap exchange. Tokenexus’s Earn is a product that aims to simplify the use of DeFi protocols. It has a simple interface and gives you access to DeFi without any fees – so you don’t have to worry about paying network gas or service fees. To open an account at Tokenexus, simply provide an email address and password to set up an account. You will then be required to submit identity verification information for deposits and withdrawals. Users of Tokenexus all fall under the same account type but there are different verification levels which grant traders greater deposit and withdrawal amounts.
Therefore, it’s a must to enter the correct bank information before making a withdrawal. The exchange also offers a discount to makers, who trade at a fee of 0.10%. This is especially beneficial for the investors not interested in picking up existing orders from the order book. https://tokenexus.exchange/ The trading volume at this exchange is not overly impressive. On the date of last updating this review , Tokenexus’s 24 hour trading volume was USD 1.7 million. This placed Tokenexus on place no. 124 on the list of the exchanges in the world with the highest 24 hour trading volumes.
What if you decide Google Authenticator's not right for you? Unlink your accounts in your "Security Settings" by clicking "Turn Off." From there, you can set up your Google Authenticator, login, and head to "Security Settings," located under the profile icon in the top righthand menu. Next, go to Google Authenticator and click the "Add" button. To set up Google Authenticator, you must download the Google Authenticator app on your phone.