Tokenexus review

Withdrawals can be delayed anywhere from 30 hours to more than 30 days. The issue typically surrounds a coin’s wallet and when the digital wallet goes down, they must manage the transactions manually. They stole all my coins by either saying they coin was hacked or they delisted the coin. Make sure to read our reviews of other exchanges like Tokenexus, CEX.io or Tokenexus. Stage 1 – By verifying only an email address you would have a daily withdrawal limit of $5,000. Their website also features a fully functional online shop where you can potentially buy almost anything from gift cards to headphones to a car, with cryptocurrency.

Right now, that’s not a bad option for saving money when moving funds around. Naturally, this solution is not for you if you are looking to hold Bitcoins in a hardware wallet long-term. It also presents liquidation problems for some users, but it is far easier to sell Bitcoin in fiat than any other altcoin. For a much smoother cryptocurrency types experience, it is advisable to move the funds via your chosen cryptocurrency. As you would expect, this automatic process is much speedier, and it occurs in minutes, rather than days. Over 400+ cryptocurrencies are available to deposit, withdraw, and trade. And of course, they include Bitcoin, Litecoin, and Ethereum.

Now the platform has expanded in several verticals and supports trading and exchange along with mining pools. This cryptocurrency exchange is cryptocurrency wallets for beginners available to players all over the world, however, in terms of regulations and laws, it complies with the legislation of New Zealand only.

Tokenexus review

However, for deposits into your crypto wallet, there will be no fee levied. For the most part, trading is quite simple and straight forward. In a market filled with cryptocurrency exchanges, Tokenexus offers much more than just this.

Cointrust

Instead, it is best suited for those who do more casual trading or purchasing of cryptocurrencies to hold. Anyone with a verified account can use this platform, and it operates worldwide with no exceptions. However, the only fiat currency this site supports is New Zealand Dollars , and on top of that, New Zealanders who verify their identity can deposit funds via bank transfer. Launched back in 2014 by Adam Clark and Rob Dawson, Tokenexus is a New Zealand-based cryptocurrency exchange. Nevertheless, if you’r thinking about using Tokenexus when the exchange is back up and running, then be sure to read our comprehensive review first. We’ve covered everything from the number of coins the platform supports, fees, regulation, and of course, its recent multi-million dollar hack.

It is also highly advisable that you make proper research on the exchange platform before placing your investments on its platform. Many cryptocurrency scams that have peaked the news to ploy people into the loss of their crypto assets. The same trend can be noticed for virtually all crypto scams of this age. As discussed earlier, several traders have reported slow to no responses from the Tokenexus customer support team.

Tokenexus review

Users have expressed frustration about the customer support regarding Bitcoin withdrawals—since they have a slow response time, if any at all. It is important to understand that Bitcoin withdrawals are not completely free, but one imagines that the charge is out of Tokenexus’s control. General queries are made via a contact form, so urgent support tickets don’t provide a relaxing experience. However, a hefty FAQ page and accompanying forum accompanying are provided, which are ideal when trying to find out general information about trading and cryptocurrency.

How Much Are Tokenexus Trading Fees?

It is based in Christchurch, and official documents show it was registered during July 2014 with two directors, Adam Clark and Robert Dawson. According to the official registration information, Tokenexus is a software development service.

At some point in the time when Tokenexus was still functioning. The platform was ranked the 90th Crypto exchange in the world. This Crypto exchange platform allowed traders to engage in P2P (Peer-to-Peer) trade orders.

  • Because Tokenexus has a large base of users, there is plenty of indication that you can trust this platform to be secure.
  • This is a pretty flexible and dynamic mining platform which supports all types of miners from simple single user – single machine miners to full fledged ASIC veterans.
  • You’ll potentially find some very competitive prices, but there will probably also be some very bad offers.
  • Anything you can say has been said already we only change the wording to the times we live in.
  • The exchange platform launched a new Cryptocurrency asset in 2017, one which was supposed to be pegged to the value of the New Zealand Dollars .

Tokenexus opened operations in 2014 as a two-man company founded by Rob Dawson and Adam Clark. Four years later Tokenexus expanded to beyond 50 employees in 2018. Temporarily the company reported higher trading volumes than the New Zealand Stock Exchange. Just like it happened with others before, these companies gets hacked cryptocurrency news and then transactions become final and people’s funds go down the drain. Profit is collected in your account, and you can withdraw it at any time. The system works in ✅ INSTANT mode, which means that you receive payment immediately after creating your request ⚠️ minimum withdraw is 1 USD for Perfect Money and 20 USD crypto.

Available Cryptocurrencies

In particular, traders based in New Zealand will delight at what is being offered, including the ability to deposit local fiat currency. Tokenexus is an innovative trading exchange, which was launched by Adam Clark and Rob Dawson in 2014. It heavily focuses on creating a fully immersive cryptocurrency experience for users, making it a one-stop shop for all trading, information, and news. From gathering and piecing up the facts, we can assume the administrators incompetence.

If you’re looking for a new cryptocurrency exchange to join, but not sure which one to go with, you might be thinking about using Tokenexus. The New Zealand platform makes it super easy to buy and sell a full range cryptocurrencies at the click of a button. A little backstory – I used them prior to 2017 and sometimes in 2018 as there are new projects who cannot list on bigger exchanges simply get sucked in by Tokenexus. I tried to withdraw ETH one day and it simply got stuck somewhere in their hot wallets. It took me 2 weeks communicating with support to actually retrieve the missing ETH and from the time I tried to withdraw it to the time I received it, the asset has plummeted by 30%.

Numerous users have begun reporting issues with deposits as well as withdrawals. Apparently, transfers either freeze or never show up, and customer support is slow to respond to any issues. This means that you’re unable to use it to buy coins with Tokenexus Bitcoin & Cryptocurrency Exchange Overview fiat currencies like the USD. Instead, you’ll need to acquire either BTC, USDT, NZDT, LTC, or DOGE and transfer it to your Tokenexus account to begin trading. Even before the hack took place, Tokenexus was lacking in a range of key areas.

Tokenexus Marketplace

It wasn’t until June 3 they finally after multiple open cases with them changed my email and allowed me in. When I did get in all my crypto had been sent out to someone elses wallets. Then the support team had the balls to say, “it looks like you were able to login. I’m glad we could help.” WTF Total scam, everything was moved out of my account on May 31. He’s of course referring to the bitcoin white paper written by Satoshi Nakamoto, like everyone is waiting for just bitcoin to change the world and the internet and everything in between. Here, Hoffmann seems like a bitcoin lover/maximalist who just can’t understand what people want from these new things called cryptocurrencies and the blockchain technology. This is ironic, considering how he says in the first part about the media that “they don’t understand what’s going on” and “just want to stir controversy”.

  • Stage 1 – By verifying only an email address you would have a daily withdrawal limit of $5,000.
  • This is further amplified by the fact that the Tokenexus owners are “unable” to pay the funds back.
  • It does not have any claims as a financial service, something that would add to its regulations.
  • If your coin isn’t paired with the coin you deposited with, you might need to make an additional trade.
  • If the coins you bought were worth $20,000 at the time you decided to sell, then you would pay $40 in fees.
  • If you only want to invest in some of the top cryptocurrencies, you should avoid this exchange.

To contact the support team is offered to use email or ticket system. ✅ PAYING when we and all our partners get withdrawals intime. This is a very intense and detailed documentary about the entire industry. I need to watch it again because it was so information dense. The production was really high quality with many graphics and helicopter shots. I enjoyed some of the funny scenes that lightened the mood between more technical bits. Usually, transaction costs are 0.20% of the cryptocurrency being traded.

Currency Support

However, they warn that no information can be completely secure when sent over the internet. To improve your security, Tokenexus highly recommends using two-factor verification . As mentioned previously, this is required on the highest level of verification. If you want, you can buy a 2FA device from Tokenexus in the Paytopia section. It is designed for users with very specific needs and corporations. Marketplace – The marketplace lets you sell anything, to anyone, anywhere in the world in exchange for any cryptocurrency you want to sell it for. But there is also some information here that no one really needs or wants to know.

Tokenexus review

This platform provides convenience to its users with mining pools, a crypto market place and exchange service all in one platform. In the case of an exchange, a user can use this platform to pay bills or buy anything from the crypto market place. If you are looking to setup two – factor authentication, it is pretty simple. You can really enhance the effectiveness of your two – factor authentication by putting to use Google authenticator. You need to initially open an account, which takes no more than a couple of minutes. Once you do, you then need to fund your account by depositing cryptocurrency. Once you’ve funded your account, you can then exchange your coins with a different cryptocurrency.

Exchange Info

Learn everything you need to know about Bitcoin in just 7 days. Many have speculated that the Tokenexus scam is the work of the administrators of this platform. Tokenexus used to be a preferred exchange for investors looking to purchase relatively unknown coins. No matter what coin you’re looking to trade, you’ll probably find it on Tokenexus. ALL CoinCentral Daily All CoinCentral articles, guides, news, press releases and reviews. Note that the content on this site should not be considered investment advice.

Trading on the Tokenexus platform like most other credible Crypto exchanges involves a registration process. The KYC process confirm the identity of prospective traders.

Since Their January 14 Hack Impossible To Do Anything A Nightmare!

This exchange was founded in the July of 2014 by Adam Clark and Rob Dawson. The company is registered in New Zealand at the address – Tokenexus LIMITED , 6 Dennitt Street, New Brighton, Christchurch, 8083, New Zealand. Although Tokenexus is a New Zealand-based exchange that only accepts fiat currency deposits and withdrawals from New Zealand bank accounts, the platform allows traders from any country to join.

Due to the small number of employees that Tokenexus have, response times can take days. Once you’re all set-up with a fully funded account, you can then make your first trade.

To receive the accruals for the Tokenexus referral program, you need to provide each new user with a personal link, which he or she must specify during registration. For get technical support, you need to send an email to the support service. Major delays have been known to occur on the Tokenexus exchange.

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Remember that the only fiat currency that is compatible with Tokenexus is New Zealand dollars. Funding your account with cryptocurrency is relatively straightforward. Once you are logged in, just click on the Bitcoin symbol that appears next to your username.

More so, the use of this trading bot on Tokenexus accounts was free of any charge. In other words, unlike brokers such as Tokenexus or Tokenexus, you cannot trade crypto with fiat currency pairs. As such, the platform is used to trade on a crypto-to-crypto basis. The exchange works much in the same way as other cryptocurrency tokenexus reviews exchanges in the online space. Here you can see the minimum amount to withdraw money from the exchange. Tokenexus offers its users various security authentication options. Apart from the 2-factor authentication, traders can choose Google authenticator security option under the “settings” tab on their account.