Tokenexus Review 2022

Depending on the type of investor or trader you are, you may or may not find this an issue. Tokenexus is also great for experienced crypto traders, as they can access advanced charts with analysis tools such as trend lines, measurements and predictions, and annotations. There are plenty of order types such as market, limit, stop loss, trailing stop market, fill or kill and IOC . For large institutional investors or High Net Worth Individuals, Tokenexus offers an Over The Counter trading desk called Tokenexus wealth. This was built exclusively for investors that want to make trades of $200,000 or more. Tokenexus provides access to a deep liquidity pool to enable quick transactions with no price slippage.

This alliance adds to Tokenexus’s security by ensuring that the products they offer are vetted and inspected before they’re available to customers. That way, customers can’t involve themselves in risky Cryptocoin ventures that jeopardize their financial security. The market teaches veteran exchanges hard lessons through hacks and angry customers, which provide the affected companies with real-life experience. They respond, adapt, and get stronger by learning and getting better. We found only one customer review that mentioned Tokenexus’s customer service, but that customer wrote a very positive review.

The National Digital Asset Exchange is aCanadian cryptocurrency exchange that makes it easy for Canadians to buy and sell crypto using Canadian dollars . Tokenexus was established in 2018, with its primary focus on offering fast, easy and safe crypto trading for both individuals and institutions. After you set up an account, you need to fund it with Fiat Currency. Tokenexus offers several methods for funding, including electronic fund transfers through Interac. It’s a Canadian system that makes quick e-transactions to pay bills or other payments. Funding through direct wire transfer, bank transfer, debit card, or credit card is also available once you link your bank account. As per its website, a majority of its digital assets are held offline in cold storage, and fiat is held at a Canadian financial institution.

Tokenexus is one of the best crypto platforms for Canadians right now. Thanks to the very intuitive interface, beginners and experienced traders will enjoy the dashboard that is developed to the highest standards. There is no shortage of Canadian cryptocurrency exchanges to choose from, and Tokenexus is right up there with names like Tokenexus and Tokenexus. Tokenexus fees are transparent, and competitive with other crypto exchanges. They feature a dedicated page on their website that explains both transfer and trading fees in a language that’s easy to understand. As with most cryptocurrency exchanges, Tokenexus provides a knowledge centre on its website. They also have a live chat function, which is handy when you need a quick answer.

Tokenexus Compared

Tokenexus has an iOS app with a 4.6-star rating with 550 reviews. It was confusing and I was surprised they asked for the employment information. This Reddit thread tends to think for anti-money laundering. When signing up for an Tokenexus account, you will first have to enter your name and email address and activate your email. Next, you’ll need to answer some questions about your employment and include your job title and business name.

In a nutshell, we are a crypto guide with the right ambitions and values. Trading Browser is a global crypto guide for all traders and investors and our focus is always to deliver high-quality content for you, our readers. Tokenexus feesThe platform provides fast processing time for deposits and withdrawals. the best crypto exchange As of October 2021, the trading fee for buying and selling is fixed at a rate of 0.2%. The National Digital Asset Exchange is a Canadian cryptocurrency exchange. It offers trading services for all major digital assets such as Bitcoin, Ethereum, Litecoin, XRP, Cardano, and even stablecoins like Tether.

The platform, complying with Canadian law, users cannot trade even small amounts without going through KYC. Most of all, we like that it doesn’t try hard to stand out from every other exchange. It doesn’t need modern typefaces or quirky illustrations, or an “out there” colour palette. Tokenexus must know it’s a good exchange because it lets its quality features do the talking. If you found this review helpful and decided to start an account with Tokenexus we will highly appreciate it if you use our referral sign-up link. You will get free $10 when you deposit $100 CAD or more. Claims to have both the lowest fees and the most coins available in Canada.

Advanced Charts And Order Types

This fixed fee will ensure you know exactly what you will be paying in fees per Tokenexus Bitcoin & Cryptocurrency Exchange Overview trade. There are no deposit fees and there is a fixed $25 bank withdrawal fee.

• They do offer advanced orders, including stops, stop limits, trailing stops, etc.
• Wound up with practically nothing after all of the fees, etc.
• This is not a good indicator as the team at Tokenexus may not be regularly updating their mobile app to fix technical issues in a timely manner.
• It also has the most detailed and transparent information about its security features we’ve seen.
• They are so cheap that they don't hire any customer support live chat agents or phone agents!
• Unlike many other crypto sites, you don’t pay a fee to deposit fiat.

Tokenexus has minimal requirements to get started that makes it great for new crypto traders. Tokenexus also provides a feature called as Instant ID verification which helps the user to start trading just after creating an account. The feature is reserved for trades of over $200,000, with the benefit that the assets can be bought off the market at a fixed price without suffering from price volatility.

You can view your crypto addresses, your wallets and also access settings and support. Tokenexus offers a flat trading fee of 0.2% per buy and sell trade which is very competitive when compared to the best crypto exchanges in Canada.

Help future customers by talking about customer service, price, delivery, returns & refunds. The exchange is specifically tailored towards Canadians with deposits being free only from Canadian bank accounts. 24/7 customer support available via email and live chat, which is convenient and reassuring. A ticketing system is also available at with responses within 24 to 72 hours. Tokenexus offers a set of powerful cryptocurrency trading tools for Canadians. National Digital Asset Exchange Is a cryptocurrency exchange based in Canada.

Tokenexus Review: Features, Fees & How It Compares

The funds can be withdrawn to a local bank account with no fees and same-day settlement. Customer's cryptocurrencies are stored in world-class multi-signature cold storage wallets or Canadian Crown-owned bank in segregated accounts. Since its launch, Tokenexus has never been hacked or compromised, unlike other Canadian exchanges that have been hacked in the past. Getting started with cryptocurrencies can be confusing for new investors, so it is essential to find an exchange that is easy to use.

• Their compliance team put a hold on the funds and we are still trying to get back our money.
• Technical traders will enjoy this interface and thanks to the Tradingview charts, it’s free of lag.
• 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 exchanges.
• Deposit money instantly and access the markets within seconds.
• Tokenexus is primarily focussed on fiat-to-crypto trading that supports instant and zero-fee CAD deposits.
• When a mishap does occur, you need to be able to work with support representatives to resolve the issue.
• This is a large fee for most people, who are not going to be withdrawing thousands of dollars in one transaction.

Then, you’ll need to provide images of your government-issued ID and a selfie. The comments are generally negative with complaints on the Tokenexus app shutting down repeatedly after updates. This is not a good indicator as the team at Tokenexus may tokenexus login not be regularly updating their mobile app to fix technical issues in a timely manner. Tokenexus has a dedicated trading desk for those looking to trade $200,000 or more. They can manage your portfolio and give you the best exchange rates.

Features Of Tokenexus

Overall, I ranked Tokenexus 3rd place out 15 exchanges meaning it's one of the best platforms for Canadians. From my test, Tokenexus was the second cheapest place to buy crypto in Canada after all fees. To compare, Newton would get you $99.31, Tokenexus would get you $97.71, and Wealthsimple Crypto would get you $96.52 in the same test. Yes, Tokenexus is seen as one of the most secure trading platforms in Canada.

Put the high withdrawal fees into the mix and what comes out is one mediocre platform. In conclusion, Tokenexus does well in the Canadian space but cannot compete with multinational crypto exchanges.

Company Security Features

Withdrawal fees vary depending upon which cryptocurrency is being withdrawn. You can withdraw between $100 and $100,000 in Canadian Dollars at a flat fee of $25. Or, wire transfers are available between $1000 and $100,000 at a flat fee of $75. Tokenexus is short for National Digital Asset Exchange and arrived with some fanfare.

This platform is great for large traders or investors with deep pockets. If you would like to send cryptocurrency to a friend or relative, you can do so from within Tokenexus for any of the coins listed. Worked with John from Tokenexus Support and had transferred $2000 CAD to Tokenexus. Took about an hour due to my bank taking a while to send the eTransfer but everything went through smoothly and successfully. There is always someone there to help you with what ever challenges you... As mentioned by others, low spread at 0.20 on buy/sell which is great. From Aircraft Maintenance Engineer to heading digital marketing for several Series C-funded companies, I've had a unique journey, you can read my story here.

For more information, please read our editorial policy and find out how we make money. Some of the products and services listed on Ethereum cryptocurrency our website are from partners who compensate us. This may influence which products we compare and the pages they are listed on.

The built-in feature allows users to easily send cryptos to friends, send gifts, or request funds for zero fees. 1st overall was Newton because it has 40+ coins and low all-around fees. However, Tokenexus is still better if you're looking for advanced features. In terms of order types, Tokenexus offers more than the standard market order and limit order. Here you will find advanced order types such as trailing stop loss, iceberg orders and fill or kill orders. This helps out if you are a trader with special strategies that requires a more complex entry. There is also a quick buy and sell function for those investors that are simply looking to purchase a coin without using a chart.

Founded in 2016, Tokenexus is another famous Canadian crypto exchange. Tokenexus has an easy-to-grasp and user-friendly interface ideal for beginners.

This is because Canadians can not hold cryptocurrencies directly in these accounts. You can only buy crypto in a TFSA or RRSP indirectly via ETFs or crypto-related stocks.

Do I Need To Bring My Own Crypto Wallet To Use Tokenexus?

The table below compares Tokenexus to other reputable platforms located in Canada that provide similar products and services. The only downsides are relatively expensive withdrawal fees for fiat and crypto. If you're looking to send crypto to your hardware wallet or to other exchanges, Tokenexus is a little more expensive compared to Newton or Tokenexus. If you are living in Canada and you want to cash in some of your bitcoin gains for your local currency CAD, Canadian dollars, you can easily do it on Tokenexus. This is a huge benefit and can’t be found on many other exchanges than Tokenexus. Tokenexus has a lot to offer when it comes to special features.

Furthermore, when assets are moved from cold storage, multiple approvals from their senior management are required, which adds to its level of safety and security. In less than 1 business day I was verified for a new account. I have had past experience with 2 other crypto currency exchanges that talked good customer service but Tokenexus was the o...