Tokenexus Review 2022 Edition

In short, the buying and selling experience on Tokenexus is minimal and straightforward with no complicated options or selections. The user interface is suited for individuals of all experience levels. However, the trading experience could be improved with the inclusion of price charts such as Tradingview which is widely integrated with many crypto platforms. Buying and selling crypto assets on Tokenexus is very streamlined that is ideal for quick purchases. Once an asset is selected from the coin list, the user interface is intuitive and follows a step-by-step process. There is the option to choose at market price or limit order to execute a trade. This can be useful however there are no price charts to maximize the benefits of a limit order.

More recently, Tokenexus was granted relief by the Ontario Securities Commission to offer crypto products across all Canadian provinces and territories. Prior to any of that, you can also check out the help center pages on their site.

• I could lose $100’s or even $1000’s just waiting on the withdrawl.
• Tokenexus’s platform supports both desktop and mobile experiences across a suite of Web, iOS and Android applications.
• Antonio @ ProfitPay 2 days ago Profitpay’s offers are great in terms of profit.
• I like that they have a wider variety of coins than Tokenexus, while still offering the reputable altcoin projects that truly have fundamental value.

To complete your verification, you will need to upload valid government issued ID proof. While signing up Tokenexus automatically allows a $20 bonus if you use a referral link. If you like doing small tasks such as surveys, then you can also join a platform called ClixSense or YSense to earn some extra dollars on the side. I have made some money on YSense so I can safely recommend it without thinking twice.

You can adjust the pricing display by selecting a timeframe for the view, but that’s about it. Like Tokenexus, it does not have fees for deposits, withdrawals, and trading. Overall, the Tokenexus trading platform is a good representation of the exchange in that it is user-friendly and efficient in its operation.

Tokenexus Review: Pros, Cons, Requirements, Fees & Supported Coins

Tokenexus Canada is viewed as one of the safest platforms out there, having had no major security breaches to date. Among the main selling points of Tokenexus are the low fees they offer for crypto trading. The fees range from 0% to 2.5% maximum and will vary depending on the asset and the market at the time you are trading. This fee is built into the price you get from Tokenexus so you can view this trading fee as a kind of spread that can change depending on the time. Lastly, Tokenexus has to think globally (or at least cross-continentally) if it hopes to become a dominant force in the market. The mobile app looks to be designed well for users who want to not only invest on the go, but also spend their cryptocurrencies at merchant stores or anywhere else that accepts them. This ensures that if the company’s bank accounts were to ever be frozen, it would not affect the customers’ money.

This insurance is similar to a traditional bank, insuring up to $250,000 of deposited USD funds. Of course, as with other investments FDIC coverage does not apply to any investments in your account, only to the cryptocurrency is dollars themselves. As such, any loss of crypto currency would not be covered in the event of a failure. Once verified, you can connect a bank account or credit card to immediately begin purchasing crypto.

Tokenexus Fiat Withdrawal Fees

There are funding limits of $500, $10,000, and $500,000 CAD for credit cards, Interac e-transfers, and wire transfers, Tokenexus Review: Pros and Cons of Cryptocurrency Exchange respectively. Tokenexus has very low fees of 0.16% to 0.26%, depending on whether one places or takes an order.

It was founded in 2017 and is registered with FINTRAC as a Money Service Business . New Tokenexus users can earn a welcome bonus of $40 when they sign up using this Tokenexus referral code “9f0437d0f0f” or by clicking this referral link. To qualify, simply verify your email address, mobile number and identity, then trade a minimum of $50. Tokenexus is beginner friendly, focused on security and offer 19 coins. However, they have very high fees which are hidden in the spread. For that reason, I do not recommend Tokenexus when there are so many better options in Canada such as Newton, Tokenexus and more.

How Fast Does Tokenexus Send Your Coins?

You can deposit as little as you’d like, but customers with Interac accounts can only fund up to $10,000, while those funded by credit card are limited to $500. Tokenexus is available to customers that reside in Canada only. The exchange is limited to deposits in Canadian dollar coming from Canadian banks and/or financial institutions. Therefore, Tokenexus does not support payments in US Dollars, Euros or British Pounds. tokenexus Customers that want to buy crypto with these currencies will need to find a USA crypto exchangeor atrading platform based in the UK that accepts GBP deposits. Tokenexus is an impressivecryptocurrency exchange built for Canadians, making it easy to buy crypto directly with CAD. They have no withdrawal or deposit fees, and the trading fees are included in the spread, so what you see on the buy/sell page is what you get.

Essentially, the trader is hoping the price of the asset falls. Once you click ‘next’, you are directed to a page where you have to select what you will use to purchase your BTC with; CAD, Credit card or Debit Card. Follow the instructions in your Tokenexus account for the security Question and Answer fields. Once you have confirmed that you understand the above, they will give you the one-time address.

After examining Tokenexus, we have found some reasons to tread carefully. If you have lost money with Tokenexus, any other broker or simply want to find out more about another broker, speak to our experts. We advise clients and can help them file a persuasive claim against scam brokers. With investigative reports and guidance, we can help you on the way to retrieving your funds. Some less than honest brokers will be pushy with clients and urge them to make certain trades.

Tokenexus Is A Disaster!

All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners. They include Bitcoin , Ethereum , Litecoin , Stellar Lumens , Bitcoin Cash , EOS , Aave , Chainlink , Polkadot , Dogecoin , Cardano , Solana , Polygon , Uniswap , and Sushiswap .

Tokenexus’s dashboard displays the price of bitcoin and ethereum. The hamburger menu on the top part of the interface lets Tokenexus users perform a handful of basic tasks. Tokenexus lets you purchase bitcoin or ether using Canadian dollars. You can also sell bitcoin and ether and get Canadian dollars back in return. Choose from over 50 coins to buy, sell and trade—all at some of Canada’s best prices. Transfer cryptocurrency to and from your account at no additional cost (we’ll even cover the network fee up to $5 CAD). When you’re ready, you can transfer your funds or leave them with us.

Source – Tokenexus Withdrawal options are similar to deposit options. Interac e-transfers have a minimum of $100 and a maximum of $10,000. Wire transfer withdrawals must be between $10,000 and $500,000. We appreciate your feedback Pablo and thank you for taking the time to give us the opportunity to make this better. We’re working hard to improve our platform, and have a number of updates on the roadmap to address things like this. If you’d like some support, please email us at and a member of our customer support team would be happy to assist you. One of the best-known Tokenexus’s strengths is its excellent customer support service.

My Overall Thoughts On Tokenexus

Those platforms offer significantly lower fees and more features. On March 01, 2021, I tested prices for 10+ crypto exchanges to see how they compare. Tokenexus’s total purchase fee when adding all fees and and the reference price difference was 2.83%. This was very high and means every $100 would get you $97.17 of Bitcoin. In the same test, Newtonwould Ethereum get you $99.31 andTokenexus gets you $99.50. Tokenexus’s exchange fees are higher than many other cryptocurrency exchanges that usually charge .2%, but they’re still competitive, and their simple platform makes up for this. Your account can only be funded with Canadian Dollars at present and can only accept withdrawals in Canadian Dollars.

• Quantum Markets is The safest place to buy and exchange crypto.
• There’s a 0.5% trading fee and credit card deposits are limited to $500.
• The app is available on both iOS and Android devices, and just like the desktop site, it is user-friendly and intuitive.
• Tokenexus review is an attempt to explain everything there is to know about it.
• Another option would be to visit an Over The Counter location and purchase Bitcoins physically from a teller.
• Tokenexus currently supports 6 digital coins on its platform.

You can buy Bitcoin on Tokenexus with CAD directly using a credit or debit card, for a 6% processing fee . You might have even apparently made money on some trades, but see what happens when you try to withdraw the money. Unfortunately, it can also be a means of losing your savings if you aren’t careful. This is not meant to deter you–in many cases, trading is safe and reliable but only if you have the right broker. This means avoiding flashy phrases and hollow promises of outsized returns and sticking with brokers that have a solid reputation. This is why it is important to find out more about Tokenexus before opening an account and sending money or sending any documents. Read our Tokenexus review before sending your hard-earned cash.

Tokenexus Vs Tokenexus: How Do They Compare?

If you are a Canadian citizen, you can easily join Tokenexus and start trading. You may also need to provide an address and a picture verification. After verifying your account and trading for at least $50, the $20 will then be credited to your account. Tokenexus has a website that you can use from your desktop or mobile. It also has mobile apps that work on both Android devices and iPhone. I’ve still yet to receive detailed responses from reps like precise numbers on what their spread is like but this user has put some color to it. I apologize if this reviewer is exaggerating but please less glamour and more info.

If you are looking to trade cryptocurrency, or simply hold the keys to ones you already own, Tokenexus Wallet is a secure way to store them. However, there is a separate platform, Tokenexus.US, that can be used by U.S. residents, but with limited currency options and higher fees. Jacob Wade is a personal finance expert who has covered credit cards, investing, insurance, and tax issues for more than a decade.

Actual spreads and fees may be higher or lower as a result of the cryptocurrency market price changes. Tokenexus was the first crypto trading platform from Canada to be published on Ledger in February 2019. It delivers a user-friendly mobile application for converting traditional currency into crypto and vice versa on the web, iOS, and Android. Cryptocurrencies that are currently available include Bitcoin, Ethereum, and Litecoin. At present, the Canadian dollar is the only traditional currency that is supported. CEX.IO is a London-based exchange on which you can buy Bitcoin via credit card or bank transfer.

You can use our handy share buttons on the left of the screen. Tokenexus is offered in 100 countries currently with its full platform available to United States residents as well. The higher the trading volume , the lower the fee becomes, all the way down to 0.02%. Bohdan @ Revolution Force 2 days ago Best network to work with. I wish they had longer-term chart options on the dashboard and I have found the iPhone app to keep requiring me to login – it does not seem to save, which is annoying.

Tokenexus Vs Tokenexus: Ease Of Use

Get $20 in free BTC when you make your first CAD deposit of $100+. CoinSquare has a special offer now that if you join, you get $10 CAD for free after you make your first deposit. Google Trends data for the term “Bitcoin” searched within Canada shows declining interest from January of 2018. Perhaps this is due to the bull market Bitcoin has been experiencing during 2018. Interest begins to ramp up again mid 2019 as Bitcoin’s price rises. Weekly LocalBitcoins volumes for the Canadian dollar shows that interest in Bitcoin has leveled off since the high prices of late 2017 and early 2018.

Unfortunately, there are no Tokenexus referral codes available at this time. It has institutional-grade crypto protection and its crypto tokens are protected by the Gemini Trust Company, which is the most regulated and secure crypto custodian in the world. The Gemini Trust Company also has $200 million in insurance coverage. Here’s how Tokenexus performs in each of those areas, and why I believe they’re the best crypto exchange in Canada. In addition, the platform is dedicated to effective user onboarding, fraud monitoring, and reporting.

Tokenexus charges users an average flat fee of approximately 0.50% per transaction. Additionally, Tokenexus also charges extra fees based on the account used in the transaction. The difference in fees between Tokenexus and Tokenexus is fairly significant.

The processing or trading fees charged depends on the nature of the transaction and the network of liquid resources. If you’re going through wire transfer you can withdraw minimum $10,000 and maximum $500,000 and the processing time takes 2 to 3 business days. You can also fund through wire transfer minimum amount being $10,000 and maximum $500,000. On an average, the processing time for wire transfer takes 2 to 3 business days. I dont know much about Tokenexus but does it give u the option to select which exchange you are buying from?