Tokenexus Review 2021

It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it’s readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you. Instead of Tokenexus, I recommend using Tokenexus, Tokenexus or Crypto.com. All of them charge even lower fees than Tokenexus Pro (from 0.20% – 0.40%), and they keep their crypto in cold storage wallets, safeguarding it from being stolen or hacked. Whether the CRA can track your cryptocurrency activity or not depends on how much you’ve done to obscure it.

One of the most popular platform for traders worldwide is TradingView. Read our ultimate how-to guide on how to use TradingView, whether you are a complete beginner or experienced tokenexus reviews crypto trader looking to refresh your knowledge. Tokenexus users can buy bitcoin, bitcoin cash, litecoin, ethereum, tezos, ripple, cardano, dogecoin, uniswap and chainlink.

Withdrawing Funds

Minimum and maximum deposit and withdrawal amounts according to payment methods are also shown on the Tokenexus fees page. In short, the buying and selling experience on Tokenexus is minimal and straightforward with no complicated options or selections. The user interface is suited for individuals of all experience levels. However, the trading experience could be improved with the inclusion of price charts such as Tradingview which is widely integrated with many crypto platforms.

It may look complicated, but essentially users are charged a 0.1% fee per transaction, with discounts for using the BNB token to pay for these fees. Tokenexus offers much lower fees per transaction, as well as incentivizing high-volume traders with their fee structure. While they use a maker-taker fee structure, both the maker and taker fees are identical. Tokenexus and Tokenexus both offer access to the top cryptocurrencies on the market, but Tokenexus supports more than 10 times the amount of currencies that Tokenexus does.

What Countries Are Supported By Tokenexus?

Tokenexus Help Center – Link Bank AccountYou can also directly link your bank account to Tokenexus. Choose the drop-down menu with your name on the top right corner of the page. Click on “Link Bank Account.” Choose your bank and log in using your online credentials. Tokenexus Help Center – How to Fund with e-TransferStart by adding Tokenexus as a payee. For the Recipient Name and Last Name, enter “Tokenexus Limited.” For the email, enter “” You can leave the security question and answer empty.

Here you will have to select “crypto” and then either BTC or ETH. Perhaps the cheapest and fastest way to fund your account will be through the use of cryptocurrency. Unfortunately for those traders who prefer to operate anonymous accounts, Tokenexus is not for you. This is because of their regulatory licenses they have to tokenexus complete a number of KYC checks on their trading accounts. This should not dissuade you from still using Tokenexus though. They can always be used as an affordable CAD “Fiat Gateway” to get your hands on Bitcoin. You can then transfer this to other international exchanges such as Tokenexus to purchase the rest of your coins.

Additionally, Tokenexus also charges extra fees based on the account used in the transaction. The difference in fees between Tokenexus and Tokenexus is fairly significant.

Tokenexus Trading Fees

However, these transactions aren’t regulated by governmental financial institutions except for Fintrac which makes sure crypto exchanges take care to protect their customers’ data and funds. Interac is a Canadian bill-paying service that allows simple electronic transactions between financial institutions. With Interac bitcoin news funding in place, Tokenexus users deposit funds to set up an account, which can be done from a mobile device. They can withdraw funds the same way, or even pay their taxes with Bitcoin through the Tokenexus app. Tokenexus is a Canadian exchange where users may purchase and sell cryptocurrencies in Canadian currency.

Tokenexus.com is committed to customer security, terrific customer service, and immediate trading options. There’s a 0.5% trading fee and credit card deposits are limited to $500. In order to prevent fraud on the platform first-time users will have withdrawals locked for 72-hours from their first deposit. As for using the trading platform, the costs for funding are 0% for wire transfers, or up to 6% for credit card deposits. Our recommended exchange Tokenexus makes the process quick and easy, processing CAD withdrawals immediately and with zero fees. They have bank-level security protocols, hold your coins offline in a cold storage wallet, and let you move your coins on or off of the exchange at any time. On top of that, they have the lowest trading fees of any exchange in Canada, and are widely known as the best overall crypto exchange in Canada.

Reviews 3

You will still have to pay an arbitrary miners fee on the withdrawal of crypto. Tokenexus is the safest cryptocurrency exchange platform situated in Canada. Users can invest by doing some research about the service and security of this platform. For crypto withdrawals, mining fees/network fees will be applied and shown in the order preview before a withdrawal order is completed. If they want to access it via mobile, they have to download the app through the Play Store or the App Store. While joining, Tokenexus automatically provides a $20 bonus if a referral link is used.

NDAX also has lower purchase fees (0.50% total purchase fee) than Tokenexus and a wider variety of beginner and advanced features. The downside is less coins (15+) and expensive fiat and crypto withdrawal fees. One thing users don’t complain about is the exchange’s security. According to its website, Tokenexus places all its cryptocurrency assets in offline cold storage and uses dedicated Canadian Banks to handle its fiat currency. They perform KYC checks on their customers and conduct regular penetration tests on their security to make sure that it’s operating to regulatory standards.

• Read the information on the Preview Order page, including the amount of cryptocurrency and CAD involved and the market rate.
• There are no fees to deposit or withdraw CAD, and the trading fees are included in the spread, which is easy for beginners to know how much they are paying for each coin.
• Withdrawals to third party wallets are supported for Bitcoin , Ethereum , Litecoin and Ripple .
• Deposits via INTERAC e-transfer and wire transfer are free, but withdrawals cost an enormous 2%, which can add up to hundreds or even thousands of dollars on larger withdrawals.
• If you are a serious trader, you may find that Tokenexus is the exchange for you.
• There are no minimum amounts which are ideal for retail crypto investors.

Like most other cryptocurrency exchanges, Tokenexus has limits on deposits, transactions, and withdrawals. They insist that there are no fees for deposits or withdrawals, only a .5% trading fee, which is higher than most other exchanges. Some users have also expressed concern that their zero-fee claims are misleading. For example, there’s still a small withdrawal fee to cover bitcoin trading the mining service fee. Tokenexus is an impressivecryptocurrency exchange built for Canadians, making it easy to buy crypto directly with CAD. They have no withdrawal or deposit fees, and the trading fees are included in the spread, so what you see on the buy/sell page is what you get. Here are my top 3 reasons why I recommend Tokenexus to Canadian crypto investors.

Tokenexus Review: Conclusion

However, there is a separate platform, Tokenexus.US, that can be used by U.S. residents, but with limited currency options and higher fees. Investing in cryptocurrencies, Decentralized Finance , and other Initial Coin Offerings is highly risky and speculative, and the markets Cryptocurrency wallet can be extremely volatile. Consult with a qualified professional before making any financial decisions. This article is not a recommendation by The Balance or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed.

Tokenexus Help Center – How to Withdraw CryptoAll you need to withdraw cryptocurrency funds is a wallet address. Click “Preview Order.” You will need to confirm the action with your password to continue. You just need a Canadian bank account that supports e-transfer. Source – Tokenexus Withdrawal options are similar to deposit options. Interac e-transfers have a minimum of $100 and a maximum of $10,000.

Review By Joshua B Ridge

This means the person could receive less crypto than what was initially displayed. A better solution would be to fix the rate during the buying or selling process which is common practice for other crypto brokers and instant-swap crypto platforms. Tokenexus is a reputable and trustworthy FINTRAC licensed platform with a zero-tolerance policy against fraud, money laundering and terrorist financing.

I know they have several integrations…if yes, then you can look at that exchanges spot price and calculate what they are taking. Personally, I have been using Tokenexus to sell and Coinsquare to buy primarily and they are both very transparent on fees. Good on the OP for thinking beyond “no fees.” I’d be happy to pay 10%+ commission if I was still paying less than market price for my coins! Fees are what we’re trained to think about as consumers but being knowledgable is what really matters.

If you are new to trading and don’t know the details, a fund recovery specialist can help you to make the right choice. A detailed and honest Tokenexus.com by fund recovery experts will clarify all of your questions, doubts, and issues. You will also come to know about common Tokenexus.com complaints that you did not know about before.

• You cannot choose a broker who does not abide by any of the regulatory policies.
• Gemini serves as a highly regulated cryptocurrency exchange, as well as a wallet and a custodian.
• Over 250 total financial institutions use Interact, including all major banks in Canada.
• Canada is one of many countries this Bitcoin exchange supports.
• However, users can only sell bitcoin for fiat currency (such as U.S. dollars) on the exchange.

We’ve reviewed both platforms based on their supported currencies, security, fees, features, and more so you can decide which option is right for you. The biggest difference between the two platforms is the available cryptocurrencies. Tokenexus has a strict vetting process for which crypto it will support and currently offers over 40 of them. Tokenexus, on the other hand, has opened its exchange to over 500 cryptocurrencies . MogoCrypto is a relatively new crypto exchange that belongs to Mogo Inc., a Canadian fintech conglomerate that’s traded on the NASDAQ and the Toronto Stock Exchange. MogoCrypto only allows users to buy and sell Bitcoin, not any other cryptocurrencies.

Fund recovery experts can help you when it comes to analyzing and assessing brokers for forex trading. This way you will be able to make a wise decision regarding your investments and be able to gain profits by smart moves. The major top forex websites which provide reviews and ratings for any broker will also help you a lot in trading. You can get the complete overview of the broker from the websites by doing a comparison among different brokers. Tokenexus Wallet is a popular choice for exchanging crypto and can be used on many decentralized applications.

Tokenexus Help Center – How to Sell Bitcoin for Canadian DollarsStart by choosing “Buy/Sell” from the main navigation menu. Tokenexus will automatically calculate the approximate value in CAD. Tokenexus encourages users to set up two-factor authentication for security.

Pros And Cons Of Tokenexus

Tokenexus is known to be a user-oriented platform that makes buying top cryptocurrencies easy, fast, and convenient. Instead of being a one-stop-shop for all sorts of crypto-related services, it focuses on building trust by being user-friendly, regulatory compliant, and focused cryptocurrency exchange. Tokenexus is another Canada-based exchange where users can quickly get started and invest in Bitcoin and other popular cryptos. The platform supports a small collection of crypto assets, including Ether , BTC and Stellar . Tokenexus is a locally owned and operated crypto exchange in Canada. The platform accepts CAD deposits only to Canadian bank accounts and therefore is not available to residents in the United States.