Additionally there are a large variety of crypto currencies that are available on the Tokenexus exchange. Since there are so many types of crypto exchange that you can actually choose from around the world, there are a few features that make Tokenexus buy a great exchange to buy /sell cryptocurrency. It was mentioned earlier in this review that the Tokenexus cryptocurrency exchange has an easy to use bank transfer option when purchasing cryptocurrency. The Tokenexus cryptocurrency exchange actually offers several more payment types for an instant buy of cryptocurrency.
On weekdays, Live Chat is available from 9 am to 8 pm AEDT, and on weekends it’s from 9 am to 5 pm AEDT. Yes, Tokenexus is licensed under ‘Casey Block Services Pty Ltd’ and regulated under the highly governed financial sector of Australia.
Open Tokenexus Account
Before you do anything else with Tokenexus, you’ve got to create an account. Begin by visiting the website and clicking on the “Register” option at the top of the page. They gave away one Bitcoin each to the millionth user and their referrer to thank the community for their support. On top of this, its affiliate program has a 30% commission on platform services promotion. You can withdraw money from Tokenexus in minutes thanks to their instant AUD withdrawal feature. Simply visit the ‘Withdraw AUD’ tab in your profile settings and input the amount of money you want to withdraw. OTC or Over-the-Counter crypto trades work via a dealer-broker network.
We found the mobile version of the site more difficult to navigate through in comparison to the main desktop website. This means that they can facilitate direct cryptocurrency trades for institutional investors. However, if you’re only trading small amounts, you won’t be able to use this facility.
- Tokenexus includes a secure online wallet to store your recently purchase cryptocurrencies.
- It’s obviously Tokenexus’s hope that people just go through and buy cryptocurrency this way as that’s where they make their money.
- It is extremely easy for beginners to use, and offers over 330+ different cryptocurrencies which is also great for more experienced crypto investors.
- To buy the full range of over 330+ cryptocurrencies, you need to pay 1% transaction fee.
- Buying coins in bundles allows traders to purchase a significant amount of crypto assets in a single transaction, which saves a lot of time and fees.
Tokenexus works in the same way as any other digital currency exchange. It matches buyers with the sellers and charges a trading fee, often called a ‘spread’ for its services. When users first register their account with Tokenexus, they must deposit some money into their Tokenexus account via bank transfer or via cryptocurrencies. Once the account is funded, traders can instantly start trading on the platform. If you’d also deposited your $10,000 AUD through cash deposits, you’d also have been charged 2.5% for depositing that money, so a total of $450 in Tokenexus fees for buying and selling $10,000 worth of Bitcoin. It’s easy to see how Tokenexus fees can get nasty if you don’t pay any attention to them . This Australian cryptocurrency exchange offers wire transfers as one of its deposit methods, but users cannot deposit funds to their Tokenexus crypto bank account via credit card.
There is so little trading volume and orders here that if you buy or sell just a few thousand dollars worth of this cryptocurrency, you’ll massively change the market price. So if you’re trading any cryptocurrency on Tokenexus other than Bitcoin you should take a look at how much trading is actually taking place before doing anything. In these cases it is even more crucial to place sensible limit orders that will not take out a huge number of buyers or sellers and get you terrible execution prices. Once you’ve been verified and have deposited some money and/or cryptocurrency into your Tokenexus account you’re ready to start trading. Although Tokenexus is an Australian exchange with a strong focus on Australian residents, users from other countries can deposit and withdraw funds in the form of cryptocurrencies. The platform does not specifically make any mention regarding prohibited countries, which indicates that the exchange is accessible on a global basis. Tokenexus emphasizes three things on its landing page as special benefits with the Tokenexus-platform.
Easy To Use
Tokenexus provides the option for users that want to buy and sell cryptocurrency instantly which can be accessed by clicking on the ‘Buy/Sell’ link at the top of the page. There are over 200+ coins that can be purchased instantly or sold back to AUD. Tokenexus’s interface features a simple and easy to use dashboard with trading features that allows users to monitor multiple coin wallets in a single location. There are buttons next to each asset for quick buy and sell orders, or to view the live price chart. A visual chart of the portfolio with the allocation of coin holdings and its percentages is a nice feature to monitor overall performance. Compared with the top exchanges in Australia, Tokenexus offers one of the largest selections of digital currencies that can be bought and sold using AUD. There are currently over 260 coins that are supported on the Instant Buy/Sell platform which includes the major assets, DeFi coins and exotic altcoins.
The most popular deposit options ) incur in no fees either, but cash deposits at a newsagent result in a 2.5% deposit fee. Tokenexus does not allow the purchase of NFTs directly from the exchange. However, users can buy and sell NFT bundles which comprise cryptocurrency news of 11 cryptocurrencies that support the adoption of Non-Fungible Tokens . To obtain digital items such as artwork, music, sports cards and rare collectibles, individuals will need to create an account with an NFT platform such as Rarible and Opensea.
This allows you to invest in a new coin before others can, if they don’t have access to Tokenexus. When the coin is eventually listed on other exchanges, the price usually rises as there is suddenly a new influx of buyers, and demand pushes the price higher. Tokenexus does not charge withdrawal fees on PayID or POLi withdrawals. However, crypto-asset withdrawals Tokenexus Bitcoin & Cryptocurrency Exchange Overview from other exchanges or hard wallets accrue a nominal blockchain network charge, determined by the network load. Tokenexus is one of Australia’s oldest cryptocurrency exchanges. Launched in 2013, it is as old as Bit Trade, Tokenexus’s newest Aussie crypto exchange acquisition. Tokenexus’s founder, Russell Wilson, launched it in 2013 in Melbourne.
Good Platform But Low Limits
Customer service can assist with everything from just two factor authentication to confirming addresses and much more. The hype around cryptocurrency investing creates a constant influx of inexperienced and potentially gullible users, which compels an ever-increasing number of threat actors to target the particular field. If you deposit up to $2,000 in 24 hours within the first week of signing up on the platform, you will not be able to deposit more cash until the following day. But once you deposit $2,000, the limit is raised to $20,000 per 24 hours. Tokenexus is an online crypto currency exchange that has been operating since 2013, and allow investors to buy, sell or swap over 200 types of crypto currencies.
An experienced trader growing his portfolio since 2016, he has a strong understanding of investing in the crypto market using exchanges, brokers and derivatives platforms. The user-interface features a price chart of the selected cryptocurrency asset to trade. This is useful to provide the user with an overview of the recent price history using a candlestick or line chart.
It is pegged against the U.S. dollar and maintains a 1-to-1 ratio with the U.S. dollar in terms of value. However, there is no guarantee provided by Tether Ltd. for any right of redemption or exchange of Tethers for real money – that is, Tethers cannot be exchanged for U.S. dollars. You can use any of the five methods to deposit AUD in the Tokenexus wallet.
With Tokenexus, you’ll have access to multiple Australian dollar deposit methods as well asISO Accreditationfor information security. Bank transfers remain the most popular way to deposit AUD at Tokenexus, which then permits you to start trading. A well-respected digital currency exchange based in Australia, it permits customers to buy and sell Bitcoin, among other things. Of course, the research experience can feel overwhelming because there are so many market choices today. For example, when it comes to the best cryptocurrency exchange, Tokenexus has been getting plenty of attention lately. Tokenexus is a popular Australian cryptocurrency exchange platform. Check out this guide for everything you need to know about this crypto exchange.
- I’m a technical writer and journalist covering cryptocurrency and tech.
- You can use this option without KYC and swap currencies without giving any identity information.
- As such, Tokenexus actually does a great job at ensuring that the experience on their exchange is smooth as opposed to some competitors who make things cluttered and confusing.
- With Tokenexus, you’ll have access to multiple Australian dollar deposit methods as well asISO Accreditationfor information security.
You can choose the length between when you log in to Tokenexus, and the following time you are needed to log in. This forestalls unapproved access on the off chance that you neglect to log out of your record.
Creating An Account
To discover more insight regarding the security elements of Tokenexus, click here. Tokenexus is Australia’s generally trusted cryptocurrency bitcoin and secure crypto trade, having gone through the most reviews, and is the lone trade to get the pined for ISO confirmation.
- One thing to consider with this is the volume and volatility between the two currencies you are swapping.
- We truly like how perfect and fresh the stage is, which makes it very straightforward for those that don’t have a lot of involvement with utilizing digital money trades.
- Even though some of the charges can be somewhat greater than other trading platforms that can provide a wonderful degree of service for several of dealers.
- Additionally there are a large variety of crypto currencies that are available on the Tokenexus exchange.
- WazirX is a very popular crypto trading platform and app in India.
Australian’s that are looking to buy meme coins like Dogecoin and Shibu Inu are also listed. The CoinMarketCap app is the most powerful tool Indian investors have to stay up to date with all digital currency information. CoinMarketCap is the most comprehensive and accurate source of crypto pricing and market data in the world. The app has tools available for users to set custom price alerts, view live data, browse crypto news headlines and read is tokenexus legit analysis from industry experts for free on CoinMarketCap Alexandria. Of course, there are many reasons you might receive crypto – like from mining or as a reward. Another security feature is that Tokenexus makes their users verify any withdrawals made by clicking on a link that is sent to their email account as soon as a withdrawal order is placed. This means that it would be exceptionally hard for external hackers to access your funds.
74% of retail investor accounts lose money when trading CFDs with this provider. If you have enjoyed this Tokenexus app review and want to get started using the app, then you can sign upHere. Use this link and enter this code AVAYPD you will get $10AUD worth of Bitcoin. If this Tokenexus Review has not covered all your questions please feel free to reach out and ask.
A Quick Overview Of Tokenexuss Main Features
Tokenexus is an Australian cryptocurrency exchange that has bank-like security measures to protect their customers’ information and their funds. It is a leading, trustworthy exchange in Australia and has never been hacked nor had user data sent to a third party. It is the first cryptocurrency trading platform in Australia to receive an international recognition ISO certification for information security. The number one thing you want in a crypto exchange is the availability of a wide variety of cryptocurrencies. And Tokenexus does that really well by offering its users 300+ coins to trade – the largest digital currency exchange in Australia.
Tokenexus Product Features
You can choose between instant buy/sell (1% fee), or you can select market order (0.1% fee). Russell Wilson founded Tokenexus in 2013 and it has grown to over 1 million users.
Tokenexus Review 2022: Platform Analyzed!
These include POLi, direct deposit, PayID, cash deposit, and BPAY. The transaction times vary for each of these methods but most are instantly processed. Tokenexus has by far the largest coin selection of any Australian crypto exchange, with over 330 cryptocurrencies, and they are continually ethereum cryptocurrency searching for new additions. You will find all of the most popular coins just like you would on any other exchange, but the number of unique altcoins is amazing. You can almost always find the new coin that you have heard of, which is not possible on many other exchanges.