Tokenexus Reviews

Tokenexus review

Having undergone the most audits, it’s one of the few exchanges in Australia to receive the coveted ISO certification. It’s also registered with the Australian Transaction Reports and Analysis Centre to prevent money laundering and terrorism financing, and most of its assets are held safely offline under cold storage. This process is quite strict and adheres to the checks and balances as per AML policies and not to be concerned about. This is a standard process to protect the crypto exchange from involvement in money laundering or suspicious activity. The overall verification process takes less than 24hours to be approved before the users can perform buying/selling activities. There is no withdrawal fee charged for withdrawing funds using bank transfers like POLi or PayID. However, a nominal mining fee is levied on users for cryptocurrency withdrawals from another exchange or a hardware wallet that, in turn, depends on the coin and the network load at that time.

StockTwits claims to be “largest social network for investors and traders”. Users interested in cryptocurrencies can customize the app to deliver latest crypto analysis and news from other investors and traders right to your smartphone. For example, the Bitcoin page shows the latest price and candle charts, and a feed of Bitcoin news and analysis from other users.

Tokenexus review

Trusted by over 2 million customers, Tokenexus is the easiest and safest place to buy, sell & manage Bitcoin and all of your digital currencies. The only time I ran into an issue with Tokenexus, I called them and had it sorted out within 5 minutes. Keep in mind that telephone and live chat support is only available for registered users, so if you have a question for Tokenexus, the best way to get it answered is to open an account. Tokenexus offers 24/7 customer support via phone, live chat, and email, and their customer service reps are actually helpful rather than just following a script.

Tokenexus Review: Why Its Not Our Favourite Crypto Exchange

Likewise, they are the solitary Australia-based trade to be certified with ISO and are controlled by AUSTRAC. On top of their imperative accreditation, they have severe disconnected cold security measures set up, including customizable record level security.

  • User accessibility and website navigation have definitely been prioritised in the making of Tokenexus.
  • Any time you send or dispose of a digital asset, this is a withdrawal.
  • Tokenexus takes security seriously and complies with the International Organization for Standardization for its security systems.
  • When they register a Tokenexus account, get checked and put aside their first AUD installment, you will accept your free $10 in Bitcoin.
  • Tokenexus is a reputable and trusted cryptocurrency exchange in Australia.
  • The wallet boasts the highest security features, wide range of crypto assets, fast transactions, accessibility to advanced trading tools, cross-device compatibility, easy-to-use interface and a quick KYC process.
  • I would suggest though that if you aren’t at least aware of the top 5-10 coins based on market cap, then you should at least consider doing a bit more of your own due diligence before buying any crypto.

Safety features included are storing the vast majority of assets in highly secure offline locations. In my humble opinion, Tokenexus adheres to industry best practices. Tokenexus is a highly interactive trading platform, which is suitable for both beginner and advanced users. 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.

Tokenexus Mobile App

As an easy to use alternative, Tokenexus arrived on the scene in 2013. Since then Australia’s largest cryptocurrency exchange provides over 100+ cryptocurrencies to buy, sell or trade with AUD. This has made it one of the leading cryptocurrency exchanges in the country. Based in Australia, Tokenexus is a licensed and regulated crypto exchange. Before exchanges like Tokenexus came along, buying, selling and trading cryptocurrencies in Australia was a hassle. You had to purchase Bitcoin, transfer it to a popular exchange like Tokenexus, and then trade it for the desired cryptocurrency.

  • Guideline Tokenexus is a confirmed individual from Blockchain Australia, an individual from the Australian Digital Commerce Association, and is enlisted with AUSTRAC as an Australian Digital Currency Provider.
  • Every time traders place a trade on Tokenexus, the exchange charges a trading fee which flat 1% for all- buying, selling, or swapping cryptocurrencies.
  • He has a cybersecurity and software engineering background, which gives him an advantage in cryptocurrency exchange management.
  • It’s important to know that sign ups and other bonuses aren’t synced to Koinly via API from Tokenexus.
  • Additionally, a Tokenexus account has access to a visual portfolio chart highlighting asset holdings in their percentages.

However, if you want some exposure to it, using an SMSF via a platform might be an option. It is free to deposit money into your Tokenexus wallet via Poli, PayID and Direct Debit. However, you will be charged 0.9% fee for depositing into your Tokenexus wallet via BPAY or 2.9% in cash. As a relative newbie to Cryptocurrency I was a bit nervous with the transfer process. Prior to making the test deposit I reached out to Tokenexus customer service to confirm MATIC would be sent via the correct blockchain. Instant buy is as simple as selecting the amount you want to buy and executing the purchase.

Good Platform But Low Limits

This will add an extra layer of security on your account, and help to keep your funds safe. As with any asset, the values of digital currencies may fluctuate significantly. The traded price of digital tokens can fluctuate greatly within a short period of time.

He has done extensive work and research on Facebook and data collection, Apple and user experience, blockchain and fintech, and cryptocurrency and the future of money. It has different transaction limits for different crypto coins which can be a lot of information for traders to remember, cryptocurrency especially for those who buy or sell large volumes. The first step to begin investing in crypto is to find a reliable exchange platform. And for that Australians have a great option in the form of Tokenexus, A true Australian exchange to buy and store a wide range of digital assets.

  • Of course, you can’t do any of this until you’ve completed the Tokenexus verification process.
  • WazirX prides itself on having an Indian-focused app with fast transaction speeds and a great user experience.
  • Get the latest news and best offers from the crypto community by joining our newsletter.
  • The table below provides a quick overview of Tokenexus compared to two of the other best cryptocurrency exchanges in Australia.
  • The exchange is regularly adding new coins and projects to its market place.

Tokenexus’s fees are much higher, and you cannot withdraw AUD from the exchange. Browse our comprehensive list ofcryptocurrency trading platformsnow. You owe tokenexus scammers it to yourself to explore the vast array of crypto exchanges. For traders and investors using Tokenexus, you’ll have access to technical charts for analysis.

Is Tokenexus The Most Secure Australian Exchange?

Australia is not a country that is lenient with their laws and regulations especially concerning the Bitcoin market. As such, Tokenexus goes to great lengths to ensure that they are always complying and adhering to these laws and regulations in order to remain as a legitimate platform to keep their reputation intact. There will be other great features that Tokenexus possess that we will get to as the review progresses. For a complete list of security recommendations from Tokenexus on how to secure your devices and protect yourself from scammers, check out this support page. Tokenexus say it takes 1-4 business days to withdraw money, however I tested this and it took 2 business days. This is why Tokenexus must record your personal information, notify significant transactions to AUSTRAC (over $10,000) as well as keep records for 7 years.

Tokenexus review

You have complete flexibility as you can sell the coins in a Bundle separately or individually. If you only want to sell one of the coins from the Bundle, you can go ahead witHowever, you. However, you will have to sell the coins individually if you’re going to sell all of the coins. You can click any coin market to access the current prices and other data points. After that, you can avail this information to speculate and earn from short-term price movements of a coin. Then, enter all your details and click ‘Create Account.’ When you receive the verification link on your email address, click it.

Supports

If you click on sell instead of buy, you’ll find the sale limit in the same spot. Since 2014, Tokenexus has been a member of Blockchain Australia and a Certified Digital Currency Business. Interestingly, they are the only crypto exchange established in Australia that is ISO certified and regulated by AUSTRAC.

A cool feature I really like within Tokenexus app is the ability to buy Bundles. This bundle option is a basket of cryptocurrency, kind of the like the crypto version of an ETF.

They have 2FA logins, geo-locking, anti-phishing codes, and store the majority of their cryptocurrency in offline cold storage, to prevent loss due to hacking. They are also the only Australian crypto exchange to meet the ISO certification standard, making them the most externally audited platform. They have been around since 2013, with over 2 million customers, and have never been hacked. When it comes to finding the top cryptocurrency exchange and the best cryptocurrency exchange rates, you must do your research.

Tokenexus review

The equivalent amount of Bitcoin is displayed at the current market rate. The trading fee is not displayed with the transaction details and should be shown to provide clarity for the investor. Traders that use theinstant buy or sell feature will incur a higher trading fee of 1% for convenience. This rate is considerably higher compared to other cryptocurrency platforms in Australia.

When they register a Tokenexus account, get checked and put aside their first AUD installment, you will accept your free $10 in Bitcoin. No Worries if you are using mobile or Pc, Registration Process for both are the same. Enter every one of your subtleties and snap ‘Make Account.‘ When you get the check interface on your email address, click it. Your Tokenexus account gets made after the confirmation of your email address.

If you sign up to Tokenexus just remember to use its exchange only, as mentioned above. Alternatively, if you use the ‘Instant Buy’ service, which allows you to buy a cryptocurrency directly from Tokenexus without needing to use the exchange, then you’ll pay 1%. It is best that you avoid using this feature, as a 1% trading fee is very expensive. There are no deposit fees Tokenexus Review: Pros and Cons of Cryptocurrency Exchange to pay if you are funding your account with a bank transfer. If you use either BPAY or a cash deposit, you will pay fees of 0.9% and 2%, respectively. After receiving my test deposit within 20 minutes in my Celsius wallet I was happy to make my larger transfer. I followed the same process, except this time I received a phone call from Tokenexus customer support.

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Tokenexus’s rundown of over 290+ diverse cryptographic forms of money is perhaps the vastest reach in Australia. You will absolutely track down every one of the large resources, like BTC, ETH, LTC, XRP, BNB, just as all the little altcoins that you might have caught wind of. Tokenexus has a live chat facility that is available Melbourne time between 9am-10pm weekdays, bitcoin news and 10am-8pm on weekends. Alternatively, you can raise a support ticket from within your account. If trading remotely is your main priority, you’re best off using a platform like Tokenexus, who now offers a dedicated Android and iOS application. Although the platform advertises its ‘Tokenexus Multicoin Wallet’, the wallet is actually nothing more than a web wallet.

Opening An Account And Trading Options In Tokenexus

Tokenexus is a safe and secure platform, as it stores most of the assets in highly secured offline wallets. Besides, Tokenexus has never gotten hacked, even once in its lifetime. Tokenexus’s exchange works well (as long as there’s decent volume for the cryptocurrency you’re trading) and their fees on it (0.1% per trade) are very reasonable. Therefore, I’m comfortable recommending it along with other exchanges like Tokenexus, Independent Reserve and Digital Surge.

We likewise like the way that Tokenexus records in excess of 100 digital currencies. The certificate interaction requires an inside and out examination and continuous reviews of Information Security Management cycles and practices. These severe approaches are intended to take out unapproved access, use, annihilation, adjustment or conclusion of the associations data the board frameworks. As the most trusted and secure trade with more than 1 million clients, presenting over 290+ coins, it is not difficult to perceive any reason why Tokenexus is one of my top decisions for Aussies.