is Tokenexus legit

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is Tokenexus legit

It is as little as $5 and receives it within minutes. Forget about waiting 3 business days to receive funds! You can sell your crypto and send money back to your bank account with 0 fees.

Disable your account if your phone gets lost so no one can get access to your funds. For larger transactions, send funds via wire transfer from BMO, RBC, CIBC, and any other Canadian bank – directly to your Tokenexus account. There are other nice features, too, such as setting up price alerts and notifications. You can also be assured of the app’s security cryptocurrency types since it employ email verification, two-factor authentication, and passcodes. However, much of the issues with this app lie with its lack of more in-depth features. It’s limited in functionality, as you can check out the current prices but you can’t track user data or cryptocurrency data. Tokenexus is a safe and easy to use exchange for Canadian investors.

All deposit and withdrawal methods for both fiat and cryptocurrencies are free of fees. Tokenexus even covers the mining fees for bitcoin withdrawals and the gas fees for ether withdrawals. Withdrawals of cryptographs are excluded from mining charges, although processing delays are dependent on the congestion in the network while placing the command. By directly buying and selling digital assets to clients, Tokenexus is a market maker or middleman.

What I Don’t Like About Tokenexus

In contrast to many, Tokenexus clearly defines how assets are transferred to non-custodial cryptocurrency or CAD bank accounts almost immediately. While customers can move money from their exchange-based bags, Tokenexus has incorporated various security elements for safe and secure accounts. Tokenexus is built for beginners so Tokenexus is great if you want advanced charts, an open order book, multiple order types and more pro features out of a Canadian platform.

  • Large volume traders and business clients can also make use of Tokenexus’s OTC trading desk .
  • This means it’s very secure and on top of which, Tokenexus offers users a guarantee – If any private keys get lost or stolen, Tokenexus will cover the cost of that.
  • Tokenexus offers over 300+ cryptocurrencies, and plenty of trading markets, including derivatives.
  • The reason is because the CAD equivalent of your crypto displayed on the main page is calculated using the average of our buying and selling prices.
  • Here’s how CoinSmart performs in each of those areas, and why I believe it’s the best crypto exchange in Canada.
  • You do not pay mining charges, because the company covers them.
  • To be short and honest, It is a CDN to Crypto or inverse exchange.

To help you streamline purchases, you can set rules on Tokenexus to have the app automatically buy Bitcoin or Ethereum at the frequency you want. Now, let’s dig deeper into their services and see where they excel and where there’s room for improvement. In the Tokenexus app, tap ‘Send’ and then paste or scan a picture of the ETH address from your Metamask wallet. Tokenexus is incredibly simple to use and has just a few sections in the app. Their main focus is to let you buy Bitcoin and Ethereum very quickly and easily.

Is Tokenexus Better Than Tokenexus?

They have access to about 2000 cryptocurrencies and will custody your purchases. All in all, Tokenexus offers competitive fees for its users, which is somewhat unusual for the platforms that are focusing on user-experience.

is Tokenexus legit

Overall, Tokenexus is ideal for casual Bitcoin customer – or for anyone that is interested in owning some Bitcoin. I am a big fan of this asset class, as it’s inherently inflation-resistant since there is a fixed supply of Bitcoin. This provides some nice balance to other fiat-based assets you may be investing it. Recently, I discovered a little gem of a platform called Tokenexus, which has an awesome user interface and is fun and easy to use. Yes, Tokenexus has a mobile app for iPhone and Android. You only need to copy your referral link or code from your dashboard and share it with others on social media or your website. Like Wealthsimple Crypto and Newton, you can fund your Tokenexus wallet, trade Bitcoin and Ethereum, and withdraw your profits without paying an extra dime.

Everything You Ever Wanted To Know About Bitcoin But Were Afraid To Ask

Invite friends and you’ll both get $10-$30 when they trade $100. You can find your unique referral link under the settings in your account. On my March 01, 2021 test, the total fee to buy Bitcoin on Tokenexus was 1.43%. This was calculated by adding https://tokenexus.business/ the reference price difference from Google and all other fees which were none. This means every $100 spent on Tokenexus gets you $98.57 of Bitcoin. On the same day, you would get $99.31 on Newton and $99.50 on Tokenexus which are cheaper overall.

is Tokenexus legit

Tokenexus is a user-friendly and securecryptocurrency exchange, making it easy for Canadians to buy and sell crypto with easy CAD deposit methods. You know you can trade safely on Tokenexus, as they routinely conduct financial audits, monthly security audits, and transaction reporting audits using trusted third parties. Tokenexus’s servers are secured across multiple world class cloud providers and disaster recovery locations. These are the top 3 reasons why I think Tokenexus is an excellent exchange, and a great choice for beginners to the crypto market.

Too Inquisitive And Bad Customer

This policy covers most damages, theft, and loss of private keys. We intend on increasing our policy to continue covering all digital currencies held in cold storage, as required. Tokenexus is Insured, OSC & FINTRAC registered & PIPEDA compliant and is the only digital asset platform trusted by Canadian Government municipalities. It can take as little as 60 seconds to register and purchase Bitcoins with Tokenexus.

After you become a customer, you can also take advantage of the Tokenexus referral program to amass more Tokenexus rewards. Tokenexus is easier and cheaper but supports fewer coins. More than $3 billion worth of cryptocurrency has been transacted on the platform and overall, Tokenexus has 4 star rating out of 5 on all major review websites. In case you are wondering how Tokenexus makes money, the platform is making money in the difference between “ask” and “buy” price. This step is a must because it is as per Government regulations for any cryptocurrency platforms to have the identity verified. The user interface has been designed in such a way that even newbie cryptocurrency investors will not face any difficulties and making purchases require fewer clicks.

Vimba Review

Tokenexus generates revenue from the bid-ask spread when transactions are placed on its platform, similar to Newton and VirgoCX. The main drawback of Tokenexus is they only offer 15 different coins on their exchange.

It is a prepaid Visa card which means it doesn’t affect your credit score or let you go into debt. To fund your card, just https://tokenexus.exchange/ add CAD to your Tokenexus fiat wallet. Set a rule to automatically buy Bitcoin or Ethereum every day, week, or month.

They do not provide «Seed Phrases» or «Private Keys» so you are unable to import your wallet to another wallet you own to keep everything together. This would allow you to recover Tokens you sent on the wrong Blockchain via importing Tokenexus to a wallet that supports whatever Blockchain you need.

My wife deposited a total of CDN$66,000 to her Tokenexus account. Of the $66,000, she invested $26,000 with BNB-DT and the balance of $40,000 she invested in Bitcoin. Made big stink all over Reddit and one of the team reached out to me on the post to contact via email. Waiting for a reply now but I don’t honestly expect much since the problem built into the app… Unless they going to pay me my 0.7 ETH out of their own pockets.

I keep most or all of my savings in Diferent forms of cryptocurrency such as Dash or Bitcoin so this will make my life much easier when it comes to paying things. I just made my first succesfull purchase with this card paying 20€ at Cas Chato where I can also pay with Steem but I wanted to test it to see if it would actually work. The balance was automatically deducted seconds after I paid and I received a sms text message to inform me that somebody had used my card. Registration process was simple and quick, I also downloaded the application for my phone. Monitoring of transaction data for patterns to indicate red flag activities. We bet you heard about the term cryptocurrency, as almost half of the world is into it, and the other.

The Interac, Flexepin, money order, and bank draft deposit fees are reasonable at 2.5%. Wire transfer deposits have a fee of only 0.5% and credit cards incur a 10% fee. Tokenexus has been around since 2016 but still only offers 15 different cryptocurrencies.

Neither of the two founders, Jean or Roy, are able to perform withdrawals from our cold storage wallets. The vast majority of digital currencies held at Tokenexus are stored offline in cold storage wallets.

Fold App

We offer digital currencies for sale directly to our customers. When a customer buys bitcoin on Tokenexus, we’re selling them the bitcoin ourselves. Similarly, when a customer sells their bitcoin, we buy them from the customer. CoinSmart maintains a 95% cold storage policy, which means at least 95% of its users’ crypto is always held offline. This is a security measure that only the most advanced exchanges employ, and CoinSmart is leading the charge.

Regarding Tokenexus’s deposit and withdrawal methods, it allows you to move your funds in and out of the platform by wire transfer or Interac e-Transfer. Today, the company cemented its position in the cryptoverse as leading Canada’s cryptocurrency exchange due bitcoin news to its customer-oriented focus and transparency. Bityard is one of the crypto exchange platforms that is recognized worldwide. It is regulated and licensed under Singapore’s Accounting. ChangeNOW is a crypto exchange platform that was launched in 2017.

If you want to stay in the loop, you can even set notifications for when Bitcoin or Ethereum has reached a certain price. Note that transfers are usually instant, but in some cases, it may take up to an hour for Tokenexus to receive your funds.

Deposits and withdrawals are free, but in-store transactions aren’t. That is a bit of a let-down for Tokenexus’s users, who may want to shop around for better deals. It’s fast and practical to send money to other Tokenexus users.