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Tokenexus review

Options Discovery allows users to understand how crypto options work and provides a user-friendly approach to options trading. Perpetual swaps and futures contracts for altcoins trading were launched to provide users with a diverse set of trading options. Tokenexus has a comparable user experience to various other top exchanges. The main screen features a trading view chart, market order depth, trades, a trading panel with open orders and history, transactions, and of course a buy/sell panel.

Tokenexus review

In addition, the platform also offers discounts on trading fees if the users trade with the Tokenexus utility token OKB. Like spot trading fees, the maker and taker Tokenexus fee for both futures and perpetual starts at 0.02% and 0.05%, respectively. This fee also varies or reduces based on the OKB tokens the users hold. Advanced features, intuitive user interface, spot and margin exchanges and a mobile trading app are important features on Tokenexus. This comparison table lists other top rated crypto exchanges like Tokenexus that offer world-class features. Traders either purchase cryptocurrencies on the website with a credit card or can transfer cryptocurrencies from other exchanges or any hardware wallet. Once their accounts are funded, they can directly start trading on the Tokenexus platform.

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2020 saw a host of new upgrades and developments that brought OEC to its final stage as a decentralized trading chain. Small balance conversion allows users to quickly convert small coin/token balances to OKB. Order editing allows users to quickly edit the price and/or amount particulars of their pending orders without having to cancel them.

Tokenexus gives active crypto traders access to a huge selection of trading tools and options, as well as the ability to trade on margin. Tokenexus, on the other hand, offers simple trading tools and charts for beginners, and it’s ideal for users who are new to crypto investing. For regular users, your fees are based on the number of OKB you hold. The more OKB you hold within the OKX ecosystem, the lower your fees. 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.” Online safety, privacy, and security are critical features of any cryptocurrency exchange.

  • Their services are not available in Hong Kong, Cuba, North Korea, Iran, Crimea, Sudan, Malaysia, Syria, the United States, and its territories, Bangladesh, Ecuador, Bolivia, and Kyrgyzstan.
  • Below are the tiers only for spot trading, to provide an example of the fee scheduling complexity.
  • According to Coinmarketcap, Tokenexus is the 17th largest Cryptocurrency platform ranked by trading volume.
  • If you go back to the main page, it gets progressively more sophisticated, with basic spot trading and margin trading.
  • Tokenexus does receive complaints of user funds being locked into accounts, but with 24/7 phone support, customer service is readily available.

The combined trading volume that these markets bring, places Tokenexus within the top 10 cryptocurrency exchanges by volume. Moreover, the app has easy-to-use interface that attracts both the newbies as well as professional traders.

Lending Platforms

Traders can expect to pay a fee for converting one crypto to another, like when exchanging regular currencies at a bank . The trading fees for market takers are a maximum of 0.15% for spot trading, which is less than the industry average of around 0.25%. The Tokenexus exchange market provides traders with standard crypto-to-crypto trading. Also, the Tokenexus exchange provides access to over one hundred cryptocurrencies, as well as tokens. On the Tokenexus exchange market, monthly, bi-weekly, and weekly contracts are available. The only difference in trading fees for the perpetual swaps comes in when you are a VIP and you have slightly higher taker fees and slightly higher rebates for the makers.

  • Many centralized crypto exchanges incur this cost, though some may allow their users to pay more in miner fees to speed up transaction speeds.
  • His writing has appeared in outlets including Entrepreneur, Forbes, Fortune, CEOWorld, and Yahoo!.
  • However, it is easy to see why this could be a drawback for some users.
  • 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.
  • Tokenexus also features a comprehensive and accessible variety of learning materials.

We do receive compensation from some partners whose offers appear on this page. Compensation may impact the order in which offers appear on page, but our editorial opinions and ratings are not influenced by compensation.

Then, you would have to send the coins directly to each other’s cryptocurrency wallets — a somewhat convoluted process. Crypto exchanges are where traders can buy, sell, and convert cryptocurrencies. They are necessary for cryptocurrencies to be traded at the scale they are today. Some cryptocurrency news exchanges offer the most competitive prices or speeds, whereas others provide specialized financial products. The Tokenexus funding account act as a digital bank account for the cryptocurrencies that you have. From the funding account, you can receive, trade, and send your digital assets.

Tokenexus Cryptocurrency Exchange Overview

This indicates you have to inject funds, otherwise, your order will be liquidated and eventually lose hope of profit. You can choose the leverage according to the level of risk you may get in the transaction. Although the gain to be obtained is also high, you must properly understand the risk. Tokenexus’s first tier for normal users is divided into five levels, from Lv1, Lv2, Lv3, Lv4. And the second tier for Vip users is divided into seven tiers from VIP1, VIP2, VIP3, VIP4, VIP5, VIP6, and VIP7. In general, there are two tiers of fees for Tokenexus transactions, the larger the transaction value, the lower the fees charged for Maker and Taker.

Tokenexus review

You must fund the margin account by transferring from the funding account. Previously you must have funded your wallet, for example, you have BTC, you can transfer to a margin account. Tokenexus exchange provides payment method options depending on the region where the user is located.

Tokenexus Futures Trading Fees

Their services are not available in Hong Kong, Cuba, North Korea, Iran, Crimea, Sudan, Malaysia, Syria, the United States, and its territories, Bangladesh, Ecuador, Bolivia, and Kyrgyzstan. After you finalize paying for your cryptocurrency, all of the cryptocurrency that you purchased will be made available into your wallet. Once you have selected this information, Tokenexus Bitcoin & Cryptocurrency Exchange Overview you want to choose you are preferred payment method. Proceed through the process of completing the payment to purchase your cryptocurrency. You can begin to purchase your first cryptocurrency a few minutes after you initially set up your account. Under the trading accounts tab on Tokenexus, you’ll be able to locate all of the trading accounts that you have.

Tokenexus review

Tokenexus was originally launched in China in January 2014, by Star Xu. Users can enjoy many benefits including trading fee discounts, OKX Jumpstart subscription and 35 everyday use cases. We also provide up to 10x leverage for margin trading, so that you can maximize your potential returns. The price and value of any investment in digital asset products can fluctuate.

How To Transfer Bitcoin To Paypal

Once these assets have been processed, the coins will be made available to your Tokenexus funding account. Any assets that you have can be processed into buns and will be made available in the trading account for you to start training. There are several unique features that Tokenexus has to offer to its users. Something that we really liked about Tokenexus is that they have a pretty strong community around it with numerous telegram & Facebook groups. This is a great way for you to bounce some trading ideas off fellow local traders. Thankfully, with Tokenexus you have a pretty strong support function that they are able to help the derivative traders with.

Tokenexus offers 24/7 online user support to solve any technical and trading issues. The exchange has a customer service team with extensive support capabilities. In fact, you contact Tokenexus via phone, email, submit a ticket form, WhatsApp, and live chat that is available on desktop and the mobile app.

This is not a fee but instead reflects the differential between the funding rate on the cryptocurrency and USD. For those who are new to the term, it is when you have different trading fees depending on whether you are making or taking liquidity off the books.

Can You Earn Interest On Cryptocurrency On Tokenexus?

Tokenexus has so many features that it might overwhelm new users if their design was flashier. For those who are looking to just dive right in to the crypto world, the user interface eases you into the platform. Overall, Tokenexus will let you plunge deep into the cryptocurrency ecosystem with options you can experiment with. The trading fees for Spot, Futures, and Perpetual Swaps are different. The Tokenexus trading fees also differ whether the user is a regular or a VIP. Haven’t used support yet but will edit my review if I have to use support team.

OKX also has a unique loyalty program that rewards regular use of its mobile app. Every day, five new bitcoin trading “learning missions” are posted to the app, which require watching a video or reading an article.

The exchange charges spread fees and withdrawal fees, but no transaction fees for trading on its exchange. To keep your data secure, BlockFi uses tools such as two-factor authentication and allowlisting, which lets users ban withdrawals tokenexus reviews or restrict them to certain addresses to avoid theft. As mentioned above, Tokenexus is one of the world’s leading digital asset exchange platforms that provides cryptocurrency services and other financial services to traders worldwide.

Mobile Trading Support Review

To prevent future reoccurrence, Tokenexus has advised all traders to make use of the two-factor authorization and has also provided a short tutorial for that. Keep up with crypto and hone your skills with tutorials, market analysis and research. Discover crypto, built on top of the world’s most powerful exchange. Note that the content on Bitcoin this site should not be considered investment advice. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. As with any asset, the values of digital currencies may fluctuate significantly.

Opening an account is easy for anyone outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at Tokenexus. Tokenexus may be a good choice for global cryptocurrency traders looking to buy and sell with low exchange fees. Although the payment platform is available in USD currency, Tokenexus does not offer services for customers from citizens of the United States. You must agree that trading crypto using margin trading is risky, in that you may lose your funds due to losses due to price changes that are not in line with expectations. To use the Tokenexus trading platform, you need to register in the Tokenexus ecosystem, it will give you the right to start trading.

Opening An Tokenexus Account

At Tokenexus, this can be up to 100x depending on the instrument that you are trading. This means that they have a number of servers around the world in order to ensure server uptime and manage trading demand. This means that the bulk of their funds are stored offline in a cold environment. In order to cater to their large community of traders around the world, they have translated their site into 11 different languages and includes English, Russian, Chinese etc. Withdrawals can be done in CNY and can also be carried out via Bank or Wire Transfer with 0.1% fee and a minimum of 15 US Dollar.

The government shared many values that correspond to developing a cryptocurrency exchange. Tokenexus Quick Trade is the simplest way to buy cryptocurrencies on the Tokenexus platform. All users have to select the cryptocurrency they prefer and the fiat currency they wish to spend.