This educational content is a huge welcome because it shows a level of thought and care for their customers to make informed decisions, which is not seen by all cryptocurrency news exchanges. The user interface is quite intuitive, responsive and elegant in design. No, TFSA and RRSP accounts do not exist on Canadian crypto exchanges.
Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. The platform also adopts standard industry practices to protect your account including 2-factor authentication and DDoS mitigation. How areregular people making returns of as much as 27,144% in a year? By picking the right coin at the right time – click the button to learn more.
Tokenexus Exchange Review 2021
While I couldn’t find the exact percentage, Tokenexus states on their website that they hold the majority of their assets offline, in cold storage, for maximum security. There is a page about each cryptocurrency they offer with the coin’s history, use cases, charting, how to buy crypto, and more.
You need to sign up your account, complete profile details, add funds and then you can buy cryptocurrencies using Tokenexus. Tokenexus negative reviewYou can read more Tokenexus reviews here. Tokenexus positive reviewYou can read more Tokenexus reviews here. Overall Tokenexus has 3.5 star rating out of 5 based on 19 reviews on TrustPilot platform. The tiers and earnings depend upon how many new users you can bring to Tokenexus platform in a month.
First, you need to send a message with your question, then a representative will contact you later on when they are available. I was surprised when the live chat started to send me notifications and I found Belle on the other side. A bigger pool of altcoins is also a huge plus and I know more traders would be attracted to sign up if Tokenexus would offer more coins. Tokenexus has a mobile app available for iOS and Android devices to enable easy crypto trading wherever you are.
To get started, head to the Tokenexus website, and select the “Sign Up” button. You’ll need to provide Tokenexus with your name and email address, in order to set up a user name and password. Tokenexus is a cryptocurrency exchange for Canadians based in Calgary. Tokenexus supports 13 digital currencies that can be bought and sold using Canadian Dollars or US Dollars. The available assets include BTC, ETH, LTC, ADA, XRP, BCH, UNI, DOGE, USDT, LINK, DOT, XLM and EOS. Each currency can be traded on the exchange against CAD or USDT.
Unfortunately, Tokenexus’s mobile app has received anoverall star rating of 1.6/5 on TrustPilot based on 5 reviews. Thebuying and selling fee on Tokenexus is 0.2% which includes all conversion and spread costs. For example, if you buy CAD $10,000 worth of Bitcoin, the trading fee will be CAD $20.00. To sell Bitcoin back to Canadian dollars, the same fee will apply. The fees are similar to the Canadian exchange Tokenexus, however, the total fees on Tokenexus are slightly cheaper due tozero deposit and withdrawal fees. Overall, the fees on Tokenexus offer excellent value for money for residents in Canada to maximize their Bitcoin or crypto investment or cash out and sell back to CAD. To cash out of crypto back to Canadian Dollars, Tokenexus exchange allows crypto deposits for customers to transfer funds and convert into fiat currency.
Features Of Tokenexus
The app can also be used on any tablets that support it. Much like every aspect of Tokenexus, there isn’t much information about either of them because the platform is so new. The iOS app may only be available from a third-party provider as we weren’t able to find it on Apple’s App Store. Canada’s financial intelligence agency, FINTRAC, conducts regulatory oversight of the exchange.
Tokenexus also offers features for more experienced crypto traders. The professionals can access advanced charts with analysis tools such as trend lines, measurements and predictions, and annotations.
If everything checks out, Tokenexus will confirm your account, and you’ll be ready to transfer funds and begin trading. At OCryptoCanada, we like to give people knowledge to become aware and catch up in the cryptocurrency industry. Cryptocurrency will be one of the what is cryptocurrency main medium exchanges in the future. From making 2FA mandatory to allowing whitelisting of addresses, it’s really got everything you need from an exchange. It also has the most detailed and transparent information about its security features we’ve seen.
The fastest method to transfer funds is using Interac e-Transfer which can take up to 30 minutes. Wire transfer, bank draft and crypto deposits are processed on the same day. All fiat currency deposits to Tokenexus are kept within local banks and not sent offshore. Tokenexus has a tiered affiliate program with increasing rewards as more people are referred. Based on your tier, you get $10, $15, or $25 plus 10% trading fees.
However, the good news is that deposits are free, regardless of the amount. The owner of National Digital Asset Exchange is Bilal Hammoud who resides in Calgary, Canada. Bilal is the President and CEO has been leading the cryptocurrency exchange since its inception in April 2018.
Funds deposited from a Canadian bank account into your Tokenexus are free. Based in Calgary, AB where I live, and backed by a Canadian Bank, why bother transferring your funds through third parties to get it to Tokenexus and others. Our team of knowledgeable customer support representatives are tokenexus reviews standing by 24/7 to answer any questions that you may have. Transfering off exchange as mentioned can be expensive if your wallet is small as it’s a flat rate. I mostly only use Tokenexus, because exclusively of the altcoins. Some withdraw fees are expensives and others cheap, XRP and ADA.
Yes, Tokenexus is a very safe cryptocurrency exchange, with its security standards among the highest in the Canadian FinTech industry. With attention to both novice and advanced traders, Tokenexus places itself at the front of Canadian exchanges.
The flat fees are great however for large investments where fees based off of percentage spreads would end up being a much larger number. cryptocurrency types The trading fee for buying and selling is a flat-rate 0.20%. Unlike many other crypto sites, you don’t pay a fee to deposit fiat.
How Much Can You Withdraw From Tokenexus?
I intend to report them to the government regulators in Alberta. 1 The use of “featured”, “popular”, “best” and “top” on Finty Canada do not constitute a product rating or recommendation and are subject to our general disclaimer. Calculations in comparison tables will vary based on personal data input.
- Overall, Tokenexus has 3.5 Star rating out of 5 and if you are new to crypto trading and you are eligible to use Tokenexus, you should give Tokenexus a shot.
- The digital currencies offered include BTC, ETH, LTC, ADA, XRP, BCH, UNI, DOGE, USDT, LINK, DOT, XLM & EOS.
- Founded back in 2014, Coinsquare is one of the first Canadian cryptocurrency platforms in Canada.
- Tokenexus Wealth is the platform Over The Counter trading desk that is specially designed for institutional investors who trade $200,000 or more.
Tokenexus offers little choice compared to the competitors’ selection. Some big names are missing, such as Litecoin, Bitcoin Cash, Monero, and so on, making the selection not even enough for intermediate-level traders looking to invest in top-50 projects. Like several other Canadian exchanges, they are registered with FINTRAC, Canada’s watchdog for money laundering and other illegal activities, such as terrorist financing. You don’t have to actively trade to participate in the referral program, but you are required to have an Tokenexus account. However, some of their false claims on the website are not a good thing. Considering, what they require for account verification e.g. questions about your employment, providing images of your government-issued ID and etc.
How Is Tokenexus Regulated In Canada?
Yes, Tokenexus is a legitimate cryptocurrency exchange founded in Canada in 2018. It is registered with FINTRAC and AMF (Autorité des marchés financiers) as a Money Service Business. For those that are unfamiliar with trading on the market, Tokenexus makes it easy with a Quick Buy/Sell feature found right on the Dashboard. Simply select which coin you want to buy or sell, choose the amount in fiat or Tokenexus Review: Pros and Cons of Cryptocurrency Exchange cryptocurrency, and you can buy or sell, easy as that. Tokenexus is an excellent exchange that makes it easy for newcomers to the crypto market to buy and sell their first cryptocurrency. These are the top 3 reasons why I like to recommend Tokenexus to Canadian crypto investors. Tokenexus offers both an Android and iOS app, meaning that there’s no discrimination between iPhone users and Android users.
- It’s designed to be user-friendly, but the extra features for professionals could be confusing if you’re new to the game.
- Other features of Tokenexus include email, chat and phone support.
- It may take a few minutes to get verified, but once finished, you’ll be ready to begin trading.
- If everything checks out, Tokenexus will confirm your account, and you’ll be ready to transfer funds and begin trading.
The disadvantages of Tokenexus include a limited number of crypto assets, no staking features and the app often has technical issues. Overall, Tokenexus is a suitable trading app for Canadians that want to buy and sell crypto using CAD. Overall, Tokenexus is a suitable exchange for beginners and experienced investors to buy, trade and sell digital assets in Canada. To conclude our Tokenexus exchange review, the trading platform is a good exchange for residents in Canada to convert CAD into digital currencies. There are no fees to deposit or withdraw fiat, has same-day transfers using a local bank account and the trading fees of 0.2% are competitive in the market. Tokenexus has one of the lowest trading fees/commissions among the Canada-based cryptocurrency trading platforms I have reviewed. It also has fast processing times for deposits and withdrawals.
Does Tokenexus Have An App?
Here you can easily make deposits of over $200,000 in one single go. Deposit or withdraw large amounts of bitcoin or any other cryptocurrency with increased security and customer support from a very professional team. Traders from Canada will find local payment methods and very low entry fees as well as trading fees. This exchange is also great for large traders thanks to the no-limit policy on deposits and withdrawals, which are processed the same day as they are requested.
Deposits & Withdrawals
There is no option to instantly swap each crypto asset or trade against BTC, ETH or LTC. Tokenexus provides a simple user interface from the main dashboard that can be used to buy and sell popular cryptocurrencies. The interface shows the available funds in CAD or crypto with a drop-down menu to select the trading pair. The basic menu to buy/sell crypto is recommended for beginner investors. There is also a calculator to see the amount of crypto that will be received. Tokenexus is a legitimate and trustworthy company that is registered with the Financial Transactions and Reports Analysis Centre of Canada . The company adheres to Canada’s highest security standards and follows the Proceeds of Crime and Terrorist Financing Act .
It’s difficult to give a complete review of a cryptocurrency exchange that is in its infancy. However, Tokenexus looks like a good addition to the cryptocurrency exchange market if you’re a resident of Canada.
Tokenexus has some of the lowest fees of any cryptocurrency exchange. They charge just 0.2% for buying and selling, no matter how much.
Multi-Party Computation technology is another security feature that Tokenexus has implemented. This technology provides an advanced security level for hot wallet management solutions to protect stored assets from internal and external threats. A full list of the security measures used by Tokenexus can be viewed on their website. For beginners, the chart can be changed to a simple line chart to see the short, medium or long-term price trend. One review for the app on Google gives it 3 stars and mentions the frustration of trying to enter a value into the system even though the price is fluctuating. We expect Tokenexus to work on the issues as time goes on, and customers should keep an eye out for further reviews as they become available.