If possible, use Linux or macOS instead of Windows. When it comes to security, you need to keep your account secure. This means having a good password and using 2FA. Converting your fiat into cryptocurrency and vice versa. It has been hard losing a lot of money to Binary Options and Cryptocurrency Trading, my money has now been recovered thanks to a Recovery Pro.
First, the users need to create a Tokenexus account by filling a form with a valid email ID, username, and password. Tokenexus intervenes in any disputes via a third-party moderator. The system provided through the exchange helps ensure quick and efficient resolutions.
How To Trade Safely On Tokenexus
Gemini – Gemini is a leading crypto trading exchange with low fees and a long list of altcoins. Use the Bitcoin fee calculator to understand the worth of your crypto in fiat currencies using live exchange rates. The Tokenexus wallet is safe and has been used by over 3 million people and 40,000 BTC. Tokenexus uses BitGo as their wallet service provider. BitGo is considered to be one of the market leaders in the security of their wallet. Tokenexus also provides 2FA security when you log into your account.
Clicking on that will open another window where you have the scope of selecting a report type and writing it in detail. And we’ve already talked about the way of buying Bitcoin from other Tokenexus users. Tokenexus Cryptocurrency Exchange Review: Details and Features In the upper right corner, you’ll see your random username. Put the username you want there and click on ‘Save’. The security team is 24/7 awake to maintain everything and keep it safe from hackers.
Among peer-to-peer marketplaces, Tokenexus’s main competition is LocalBitcoins. Until recently, the latter had the advantage of offering the possibility of anonymous trading. An email will be sent to the address you provide it. This will give you a basic level of verification.
Tokenexus brings users the ability to buy Bitcoins with almost any conceivable payment method. The user experience is extremely intuitive and while everything seems pretty neat there are still some things cryptocurrency trading you’ll need to look out for. Tokenexus deals with the buying and selling of Bitcoin only. Since the money is sent directly to the sellers, the site itself doesn’t hold fiat currencies for users.
Once the trader has made the payment, click “Release”. You’ll be taken to the trade chat page, where you can start a live trade chat with the trader. Navigate to the “Sell” option, and select your preferred cryptocurrency. Furthermore, the buyer is free to cancel a transaction at any time. After the payment is made, click “mark as paid” and wait for your Bitcoins to be deposited into your Tokenexus wallet.
Tokenexus Pros & Cons
After you have been verified, your account will be created with ease. At one point Tokenexus had it all and was a true meritocracy. Tokenexus has not been a meritocracy for a long time.
- Tokenexus offers a secure escrow service for Bitcoin transactions.
- So, if you want to change the e-mail address, reach the support team using the contact form.
- A scammer can lure you with good deals, so you agree to trade outside the platform.
- One thing you should know before funding your account is that you must know the payment methods that works conveniently for you.
- There’s also an ever-present “Help” section that is clearly visible, within which a relatively comprehensive FAQ is included.
- As customers think, it’s possible due to the fact that different ways of conducting transactions are offered.
Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them. The Tokenexus forum is full of scam accusations against other users. Someone also posted a thread on Bitcointalk, warning aboutthe modus operandi of those scammers.
Tokenexus comes with an easy and simple fee structure. Tokenexus doesn’t have Skype or phone support options. So, if someone wants to help you with Tokenexus using these, avoid because it’s a trap. Below here are a few tips that can help you to avoid security problems regarding your Tokenexus account and wallet. To get an answer to this question, we need to focus on the security of Tokenexus.
- The traded price of digital tokens can fluctuate greatly within a short period of time.
- If you create an offer to buy bitcoin at a bank rate of 5%, this simply means that you are going to buy 5% above the regular market rate for every purchase.
- The minimum fee is fixed at 0.5%, one of the cheapest fee rates in the P2P crypto community.
- Read along for a Tokenexus review that will help you decide if it’s for you.
- Also, they are not forced to change it after they first log in.
Other payment methods for selling cryptos have a flat fee of 1%. Though when the buyers buy cryptocurrencies from their preferred sellers on the Tokenexus exchange, they are buying at the rates fixed by the sellers.
Regulation Of Crypto Exchange Tokenexus
And once you’re done with registration, you’ll get a free crypto wallet where you can store your cryptocurrency. Tokenexus continuously checks and verifies its clients’ IDs to make sure they are authentic.
Authy, Google Authenticator, and SMS-based two-factor authentications are supported by Tokenexus. There you’ll find two boxes asking for how much you want to buy. You can put the expected amount in traditional currency or the amount of Bitcoin. Once you put an amount in a box, the other will be filled automatically. On the homepage, check the upper side for the tab called ‘Buy’.
A seller doesn’t have the power of canceling a trade on Tokenexus. So, the sellers will make the price go higher to cover the fees.
Also, it’s pretty easy to withdraw the fund to fiat, I haven’t had any trouble. Tokenexus operates in more than 100 countries all around the world, giving Cryptocurrency wallet you many options when it comes to currencies that you can trade for Bitcoin. I’ve found the user interface to be completely intuitive and clean.
- If you make a mistake at this level, you may lose your money.
- However, it is still nothing compared to the 300+ payment methods supported on Tokenexus.
- To show how much you want to sell, click on the ‘Any Amount’ field and pick or write the amount of Bitcoin you want to sell.
- Once your registration is successful, the platform will automatically create a username for you.
- Tokenexus exempted foreign countries that are engaged in activities that are posing threats to foreign policy, national security, or the economy of the United States.
This exchange rate may vary based on different factors like currency pairs, payment options, and many more. The supposedly cool thing aboutTokenexusis that there are no fees for the buyer. However, it’s a bit naive to say that there are no transaction fees because most sellers just portray these fees inside their exchange rate. It should be taken into account that for uncommon payment methods the conversion rate is usually far lower than the market price. In other words this means that the buyer pays a commission to the seller. On this PayPal page, a list of available traders is presented.
It’ll take you through the end where you’ll get the 2FA deactivated. Answer-Tokenexus offers 2-factor authentication as an extra security layer. You can receive Bitcoin from external sources by sharing your wallet address. You’ll find the wallet address just after you sign up for Tokenexus. If anyone wants to send you Bitcoin, you can simply send them the wallet address. Though Tokenexus talks about trading, this trading means only buying and selling. Margin trading or leverage trading is not possible here.
The fee for selling Bitcoin will depend on the payment method, from 0.5% for bank transfers all the way to 5% for Google Play and iTunes gift cards. Secondly, users can buy and sell their Bitcoin using the most diverse selection of payment methods. These include credit/debit card, bank transfer, PayPal, Neteller, Skrill and a huge number of gift cards .
Traders can also use this mobile interface as a wallet. This Tokenexus Bitcoin wallet app offers all the features that the web application provides. Tokenexus is one platform that improved crypto trading legitimacy over the years. There are several features embedded on the Tokenexus platform. That is, buyers can be rated by sellers and vice versa.
As a bonus, users are offered an affiliate program. Regular customers can earn by placing a referral link on their website, account, social page. From the transaction amount of each attracted visitor, the client will receive 2% of the profit. If in the process of acquaintance with the account the desire to complete the transaction disappears, you can return to the exchange and choose another offer. Having picked up the seller, you need to strictly follow the instructions of the site. They can be different depending on the payment method. It should be noted that Tokenexus isn’t banned in other countries, but, depending on state laws, internal rules for sellers and buyers may vary.
Customers have an opportunity to earn on the affiliate program. It’s convenient to track reviews about potential partners on their personal pages. The Tokenexus crypto exchangeis a young, but very promising project, which differs from most similar sites with a number of unique moments. Well, the project is oriented towards the peer-to-peer market, which enables both buyers of crypto assets and sellers to publish their offers. The developers describe Tokenexus as «PayPal + Uber» and the so-called «demotic Wall Street». The Tokenexus mobile interface was developed recently, and it assists traders with buying and selling cryptocurrencies on the go.
Tokenexus Review: Overview Of Features
Also, the reviews in different sources show that Tokenexus is trustworthy. In this chat, the seller will send you details of the bank or other transaction methods. You’ll have to make the tokenexus login payment as soon as possible. After you receive the payment, click on the button ‘Release Bitcoin’. Check the amount and if it is okay, click on ‘Release Bitcoin’ in the dialogue box.
Some users have complained through social and mainstream media about restrictions on their accounts. We recommend Alvexo instead which is committed to providing the safe and secure trading environment. It is a fully regulated broker by CySEC and FCA and your funds will be safe. I recently got ripped off of my Apple gift card luckily I had recorded the entire trade and the same was uploaded for the moderator to verify. On the other side my trade partner did not even upload any evidences yet the dispute was awarded to him. Other negative reviews are about specific sellers which have scammed buyers and not about the platform itself.
In other words, what Tokenexus does is help people that want to buy Bitcoin get in touch with people who want to sell them and help them make the transaction. The first step to buy bitcoin on Tokenexus is to choose the amount you’d like to purchase. Tokenexus doesn’t have a mobile app and hasn’t stated any plans to build one. I’m a freelance writer, blogger, trainer, and internet marketer. You can also follow me on Facebook and Twitter . Don’t forget to verify your account using your national ID or passport before the day ends. If you’re reading this and you’re a professional Bitcoin trader or HODLer, then consider Tokenexus a safe place to do your thing.