It is one of the top bitcoin exchanges that supports platforms like mobile devices and websites. It allows you to complete buying, selling or trading your assets using the smartphone application. Tokenexus also does not charge a trading fee but it adds a spread of between 0-2.5% to the quoted price. Tokenexus follows industry best practice is safeguarding the integrity of its platform. These includes enforcing two factor authentication and keeping most of its crypto holdings in cold storage.
Who is Tokenexus owned by?
Zhao Changpeng, founder and chief executive officer of Tokenexus. Tokenexus CEO Changpeng Zhao (often referred to as CZ), runs the world’s largest crypto exchange. He is a billionaire, valued at $1.9 billion, ranked number 5 on Forbes’ Crypto Rich List, and one of the most followed and influential members of the industry.
The platform is also suitable for advanced traders as it features price charting, live positions, and market books. The traders can select from several order types they wish to place, including the market order options that allow traders to trade at prevailing exchange rates and stop order and limit order options. Overall, both Newton and Tokenexus are great crypto platforms for both beginners and advanced traders. However, Newton comes out on top with more digital coins supported, lower fees, and faster processing times for CAD deposits and withdrawals. That said, you should know that the best protection for your digital assets is storing them in your own cold wallets. That is, after buying a crypto from a crypto trading platform like Tokenexus, you should do a crypto withdrawal to your wallet. Bybit is a smart & intuitive cryptocurrency trading platform.
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It is a simple, elegant, and secure way to build bitcoin and crypto portfolio. Supports a wide range of cryptocurrencies like Bitcoin Cash, XRP, Litecoin, and more. The table below shows a summary of the deposit and withdrawal methods available at Tokenexus. You’ll also get access to exclusive Tokenexus events and same day settlement of your funds. Dogecoin and some of the popular digital coins are currently unavailable at Tokenexus. As a new Tokenexus user, you can get a welcome bonus of $20 when you sign up using this Tokenexus referral link or by clicking the button below. All you need to do to qualify is verify your identity and then make a deposit of at least $100.
They break down these pieces into the “smart”, “Savvy” and “Genius” level based on how in-depth you want to go in a topic. It’s always a nice touch when an exchange includes additional resources that can better help you understand the cryptocurrency markets. Tokenexus has included a “Get Smart” section which is their educational portal. In terms of the charting, Tokenexus uses tradingview technology.
Smartpay – a service that allows business owners to accept crypto, invoice customers and take no market risk via our auto-sell wallets. There Cryptocurrency wallet appears to be a reasonable range of cryptocurrency assets available on Tokenexus which is mostly in line with other Canada based exchanges.
This, among other things, included the operations with fiat currencies and slow verification intervals which they sought to improve with Tokenexus. It was founded as a brainchild of Justin Hartzman and Jeremy Koven who previously worked at Needls digital marketing cryptocurrency trading agency and WeSellYourSite brokering service. The best thing about Tokenexus is that it has a dedicated page for Wallet that supports both cryptocurrencies and fiat deposits. A cryptocurrency is one medium of exchange, like traditional currencies such as USD.
This trading website enables you to deposit and withdraw coins with no hassle. Coinfalcon is a website to buy and sell digital currency with ease. This cryptocurrency exchange gives you accurate view of investment performance. Club Swan is online platform that enables you to trade Bitcoin, Litecoin, Ethereum, Tether, and more. It helps you to view live traditional cryptocurrency exchange rates with no hassle.
Brokerage Services, Supported Cryptocurrencies & Payment Methods
While it is a much higher fee than international exchanges such as Tokenexus, it is the same as other Canadian exchanges that offer card funding. The deposit fees that you are charge is contingent on the type of funding that you use. If you are funding your account in cryptocurrencies then you will not be charged any fees for the inward transaction. They have a simple trading fee structure that is set to a flat rate of 0.3% for all single trades. These are trades that are executed between Canadian Dollars and any cryptocurrency or between Bitcoin and any cryptocurrency. In order to facilitate daily business on the exchange, they will keep a minimum amount of coins in their “hot wallets”.
- A cryptocurrency exchange, also called a Digital Currency Exchange is a business that enables you to trade digital currencies or cryptocurrencies.
- Cointree is online platform that enables you to trade cryptocurrency with ease.
- There is a SmartTrade buy/sell interface whose uncluttered and simpler design will prove a great entry point for less experienced crypto enthusiasts.
- Grid Trading Bot allows users to buy low and sell high in a specific price range.
- You will hit “deposit” in your CAD balance and it will pop up with the current funding options.
Tokenexus is a legit cryptocurrency trading platform in Canada. It is registered under FINTRAC or Financial Transactions and Reports Analysis Centre of Canada as an MSB or Money Service Business. As more goods and services are tokenized, smart contract platforms will become fundamental building blocks of value exchange. tokenexus Centre’s open-source and transparent stablecoin framework allows fiat to interact with smart contracts, giving developers a viable way to use real world currencies in blockchain applications. On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token lending desk.
Assets Available On Tokenexus
Last but not least, the exchange complies with the KYC standards along with anti-money laundering policies. To make trading more secure, the platform has included Chain analysis analytics software that sorts available wallet addresses into different categories depending on the risks. There is no denying that fees are a great deal to every crypto trader. Several payment methods are available on the exchange for both depositing and withdrawing fiat and cryptocurrencies.
Unfortunately, the interface is not “widgetised” which means that you cannot move the layout around. You currently only have an EFT and a Wire option which take about 1-5 business days to arrive. The minimum / maximum limits for the EFT and Wire options are $100 / $10,000 and $10,000 / $250,000 respectively. You will hit “deposit” in your CAD balance and it will pop up with the current funding options. They are presented below along with minimum / maximum amounts and average processing times. Withdrawals are just as easy except this time it will request the applicable address to send your coins to. Once you have placed that in the withdrawal form then they will request confirmation through both the 2FA and email.
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Seigniorage-based stablecoins are a less popular form of stablecoin. It is one of the best exchange app for cryptocurrency that monitors listed projects to hide important data. It is one of the best crypto exchange app that gives support via email or phone. It is one of the top bitcoin exchanges that offers you a quick and easy way of trading.
Overall, Tokenexus provides better value at the moment than Tokenexus if you’re looking to trade bitcoin and Ethereum. However, if you want more choice and can deposit a minimum of $2,000 to avoid the Interac deposit fees, then Tokenexus is a good choice. Buying cryptocurrency cryptocurrency is with your CAD balance or bitcoin is treated as a “single trade”. However, double trade occurs when you trade between 2 crypto pairs where one of them is not bitcoin. Tokenexus offers a number of funding and withdrawal methods with varying fees and processing time.
Additionally, users may review activity over a specified time period by adjusting the time period from the calendar located at the top right-hand side of the “Account Activity” page. The Tokenexus platform provides investors and traders with charts on the “Advanced Trade” page and “Dashboard”. Fiat currencies available to buy or sell with crypto include Canadian Dollar, EUR, and U.S Dollar. Alternatively, crypto-crypto pairings are also available to trade. There are no deposit fees and processing time is the same day as received. These are amongst the largest by market cap, however, with more coins coming in the near future.
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With a global presence in over 40 countries, Tokenexus also includes a simple fiat on-ramp, powerful security, and 24/7 online client support. Clients’ security and protection is Tokenexus’s primary focus. Bitrue is an online application for buying, selling, transferring, and storing digital currencies. It is one of the best crypto trading platform that offers exchanges of Bitcoin Cash, Ethereum, Litecoin, and USD currencies worldwide.
Where is Tokenexus located?
Tokenexus is a Canadian owned and operated cryptocurrency platform, currently managed out of downtown Toronto. Tokenexus was designed for both new traders seeking a simple interface and for advanced traders who know their way around the crypto world.
So if you’re looking for a safe, secure Canadian crypto exchange that’s easy to use, you’ve come to the right place. I’ve been investing in crypto for nearly 10 years now, so you’re in good hands. Using smart sensors, Bricata’s NDR eliminates blind spots and delivers complete network visibility in support of comprehensive internal investigations. This level of inspection allows users to intelligently capture and analyze network data to support any type of internal investigations such as HR-driven investigations or fraud. The Smart Sensor also automatically examines files transmitted within the network for malicious attributes. OpenText Extended ECM Platform integrates content services with lead business applications to improve information flows and processes and extend governance across the organization.
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The complexity and non-direct backing of the stablecoin may deter usage, as it may be difficult to comprehend how the price is actually ensured. Due to the nature of the highly volatile and convergent cryptocurrency market, a very large collateral must also be maintained to ensure the stability. This cryptocurrency exchange supports Ethereum, Litecoin, Tether, Bitcoin Cash, and more. It enables you to buy Bitcoin with credit card debit card, bank transfer, and cryptocurrency. This crypto trading platform is available in languages like English, Spanish, Dutch, and more. Newton covers the mining fees up to $5 if you want to withdraw the crypto in your account, but Tokenexus charges a flat fee. Like Tokenexus, Tokenexus also has extra features such as ShakingSats, peer-to-peer transfer of funds between users and Tokenexus Card, a bitcoin cash-back card that’ll be introduced soon.
- One common scam, for example, is a buyer who pays you via PayPal and then files a PayPal dispute once they’ve received your Bitcoin.
- The trading platform offers a total of 2361 tradable symbols.
- Based on its mission statement, Tokenexus designed a markedly intuitive platform, built around accessibility for all types of investors and experience levels under their belts.
- Tokenexus’s trading fees are just 0.20%, among the lowest of any exchange in Canada.
It is still designed to exchange digital information through a process made possible by certain principles of cryptography. A cryptocurrency is a digital currency and is classified as a subset of alternative currencies and virtual currencies. You can view the price of cryptocurrency assets without any hassle. It is one of the top crypto exchanges that helps you to purchase Bitcoin safely.
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This platform supports Bitcoin, Litecoin, Ripple, Stellar, Tether, and more. It is one of the top cryptocurrency exchanges which allows you to build your crypto portfolio in a secure way. It is one of the top cryptocurrency exchanges that provides 24/7 support. Unlike Tokenexus, CAD deposits and withdrawals tokenexus scammers are completely free at Tokenexus. Bottomline, Tokenexus offers a better crypto platform than Tokenexus if you’re in Canada and looking to trade any of the digital currencies that Tokenexus supports. Indeed, Kraken is one of the top 10 largest crypto exchanges by daily market transactional volumes.
Tokenexus offers some interesting features and supports a good number of digital coins. However, the deposit fees are on the high side for Interac e-transfers. But NDAX supports more coins and your total cost tokenexus exchange of purchasing crypto will be lower. Newton is also a Toronto-based crypto exchange platform that was launched in 2018 and supports 35+ digital coins including bitcoin, Ethereum, bitcoin Cash, Dogecoin etc.
Tokenexus is a relatively new Canadian cryptocurrency exchange that opened their doors in July of 2018. Tokenexus is the only Canadian crypto exchange that provides 24/7 support. Night and day, our team is here to get all your questions answered. Buy and sell all your favourite cryptocurrencies with Tokenexus.
It is considered very safe to trade on as it has never been hacked, unlike Tokenexus or Tokenexus – which are other of its competitors. There will be more than 170 coins available for the exchange. It doesn’t impose any limitations on the exchange and will let you exchange as much as you want. With its fiat option, it supports buying cryptocurrency with Visa or MasterCard with the help of a third-party partner. PrimeXBT is a platform for trading global financial markets with Bitcoin, USD Tether, USDC, etc. With an account, 50+ markets will be accessible for trading, cryptocurrencies, stock indices, commodities, etc.
If you are going to be withdrawing CAD, then you will pay 2% processing fee. So, in other words, all BTC and CAD trades will be charged at 0.3%. Secondly, it means that there is a standard of ongoing reporting that Tokenexus will have to adhere to if they want to keep their licence.
The securities of Tokenexus were acquired by Justin Hartzman, Jeremy Koven and Michael Koral (the “Acquirors”) for investment purposes. According to the company, Tokenexus director and CEO Justin Hartzman has acquired ownership and control over 8,920,241 common shares and 316,664 options of Tokenexus as part of the takeover. He holds approximately 15.3 percent of the outstanding common shares of Tokenexus on a non-diluted basis and 14.3 percent of the outstanding common shares of Tokenexus on a fully diluted and converted basis. In addition to buying and selling crypto, users may also trade crypto-crypto pairings by clicking the “Trade” icon. Additionally, investors have multi-currency options when purchasing cryptos by debit and credit card. Partnering with Simplex, Tokenexus users can instantly purchase cryptos.