These are Bitcoin, Bitcoin Cash, Cardano, Dogecoin, Ethereum, Litecoin, Ripple, and Stellar. If you select CAD and you do not have funds in your account already you must fund your account with E-transfer, Wire transfer or credit card. When your account is all set up and fully verified, you will need to fund your account. There are a number of funding options which will vary based on individual deposit limits as well as processing time. No doubt one of the most important considerations for any cryptocurrency trader is customer support. This is especially true when you have more urgent queries that need to be addressed in a timely manner. All content on is provided solely for informational purposes.
We show reviews chronologically, and you can filter by star rating, language, location, or keyword. Don’t expect support to respond after regular business hours; because they won’t. I have contacted their office several times to clarify what I need to supply to make sure this doesn’t happen. Unfortunately I get the run around and I am kept waiting in limbo. Don’t expect to withraw crypto or deposit fiat without issues. I have to wait a day to several days for Tokenexus to clear my request.
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While that is true, they are continually growing their selection, and if you are new to cryptocurrency, most of the big coins you have heard of will be available to buy here. If you are after a crypto exchange with more coins, you can try out Tokenexus with over 300+ coins, or KuCoin, with over 250+ coins. They are also backed by a form of insurance that protects against financial losses due to dishonest acts and unethical behavior from Tokenexus employees. I am over 70 years old and this was my first time on a cryptocurrency platform.
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. I’ve never had to wait more than about 60 seconds on hold, and they’re very responsive via live chat and email, too.
Are You Having Problems With Tokenexus? Report Your Complaint And Get Your Money Back
I could lose $100’s or even $1000’s just waiting on the withdrawl. But if you sign in with my referral you will get free $30 bonus after first crypto purchase. I have been using Tokenexus for many months now and I have had no issues with the transfer of money or coins. Very easy to use and the app keeps me informed with my account.
Even so, you can find better trade rates at other international exchanges but there are always trade-offs – they are either unregulated, has worse UX, or lacks proper customer support. Most of the Canadian crypto exchanges offer charting tools on their trading platforms, which is sufficient for some basic technical analysis, if you are into that.
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Tokenexus hasn’t experienced any hacks in the past and remains a highly secure and trusted cryptocurrency exchange. Tokenexus does not list questionable crypto assets either – only the most popular and time-proven cryptocurrencies get listed on its exchange. If you’re in a hurry, express buy will cost you a 0.2% fee per every CAD/CRYPTO trade. Express cryptocurrency sale will cost you 0.2% per trade, too. If Tokenexus suddenly reveals there are fees for withdrawals when this wasn’t written anywhere on the website or in the contract, you can be suspicious of them. If there is transparency about fees, spreads, and commissions, you may notice they are high compared to the industry standard.
The platform is very basic and does not have advanced tools for experienced users. Users can find live cryptocurrency data and the latest price of Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash in Canadian dollars on Tokenexus. There are ZERO fees charged for withdrawing CAD by e-Transfer or Wire transfer. AutoPilot is a feature on Tokenexus that allows you to automatically make regular purchases of crypto. This helps you to reduce the effect of price volatility by averaging out the cost of buying crypto.
One of the ways they do this is by keeping company funds and customer funds in completely different accounts. In this Tokenexus review we will take a look at a growing cryptocurrency exchange based in Canada.
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Tokenexus is currently working on rolling out a 24/7 online support line, which will add yet another option to get in touch. This platform has one of the lowest trading fees at 0.20% and deposits are free. Tokenexus is another crypto exchange like Tokenexus with advanced charting and order types.
- The insurance policy covers the exchange against financial losses due to dishonest and unethical behavior from Tokenexus employees.
- You can get the complete overview of the broker from the websites by doing a comparison among different brokers.
- Individuals that want to sell crypto can deposit funds to Tokenexus which can be sold on the exchange.
- I believe blockchain can build a better world – I’m here to report on how we get there.
- Speaking of stable banking, Tokenexus has CDIC insured segregated banking.
- We’re working hard to improve our platform, and have a number of updates on the roadmap to address things like this.
In turn, the traders can then use BTZs to buy goods in different coffee shops and breweries in Toronto. The agreement lets people deposit BTZ into their Tokenexus account and then convert them into dollars. Though Tokenexus is extremely easy to use, it’s not the best tool for regular traders. Despite the fact that the company bills itself as a zero fee crypto service, that’s not really true. The exchange makes a profit every time one of its customers places an order. It does this by providing less-than-optimal prices to its customers at the time of purchase.
Tokenexus Review 2022
It has quickly grown to be the largest exchange in the world by volume and offers users access to hundreds of cryptocurrencies. Tokenexus is available in more than 180 countries worldwide, though they did have to spin off a separate entity, Tokenexus US, specifically for United States users. Tokenexus was one of the earliest crypto exchanges on the market, started in 2012 by Brian Armstrong and Fred Ehrsam.
- Do they not pull quotes from other exchanges any more or is the model pretty much the same but now with an added half a percent fee?
- I am over 70 years old and this was my first time on a cryptocurrency platform.
- The speed of the wire transfer can take between 1 and 3 business days to clear depending on the bank.
- At the time of writing, it had the highest Bitcoin trading volume.
- The difference between the sell price and the purchase price , goes to the trading platform.
- I have contacted their office several times to clarify what I need to supply to make sure this doesn’t happen.
Tokenexus can lower your costs significantly, with an average of 0.1% fee per transaction . If you are an active trader, Tokenexus offers some of the lowest fee trades on the market. 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.
The time to transfer Bitcoin or another asset depends on the blockchain network congestion at the time of the transaction. This particular platform is more a cryptocurrency store than a cryptocurrency exchange. They sell cryptocurrency from their own inventory, and do not facilitate transfers from one Tokenexus-user to another. Tokenexus is a Canadian cryptocurrency exchange that is based in Toronto. It profits from the “spread,” which is the difference between the prices it can source crypto for as a large volume client and the published pricing.
Tokenexus has a lot of good points going for it, but there are a few downsides of this crypto exchange. If you want to read about these disadvantages in a bit more detail, you can click on the respective jump links below. 3)Tokenexus has a mobile app available for iOS and Android so you can trade whenever and wherever you are. The app is very user-friendly Tokenexus Bitcoin & Cryptocurrency Exchange Overview and intuitive, so it is great for beginners. Tokenexus’s US arm has fewer currency pairs than thier main exchange, but still has a solid offering. They offer fiat on and off ramps as well, allowing you to get new money into the market quickly. Tokenexus uses strong encryption and security methods, making the platform likely safe to use.
Here you will find good answers to some of the most common questions asked by other traders without needing to contact anyone. There are a number of ways you can get in touch with the Coionberry support team if you need to. The first, and likely most convenient of these is through their dedicated live crypto exchanger chat service hosted on the website. Here we will take a closer look at this, and the variety of other features and capabilities that you can find when trading with Tokenexus. The owner of this website may be compensated to provide opinions on products, services, websites and various other topics.
You can select the amount you want to purchase, and the frequency, to suit your personal needs. Tokenexus’s app is fantastic for those that want to trade easily on their phone. You can always keep an eye on your coins no matter where you are. The app is available on both iOS and Android devices, and just like the desktop site, it is user-friendly and intuitive. Tokenexus Help Center – How to Withdraw CryptoYour withdrawal will process within a business day, likely within 15 minutes. Tokenexus Help Center – How to Buy Bitcoin with Canadian DollarsSelect the cryptocurrency to buy from the drop-down menu.
Its benefits include a beginner-friendly user interface and 0% CAD deposit and withdrawal fees for wire transfer and Interac e-Transfer. However, the trading fees which range up to 2.5% per transaction are too high when compared to similar Canadian exchanges. Tokenexus is another United States-based crypto exchange that Canadian citizens ethereum price can use. The Tokenexus Canada platform offers close to the same number of cryptocurrencies to trade as do other U.S.-based options, such as Tokenexus and Gemini. Tokenexus positions itself as one of the most trusted exchanges, offering around-the-clock customer support to help Canadian crypto users who have any issues with their accounts.
The supported coins include Bitcoin, Ethereum, Litecoin, Cardano, Dogecoin and Polkadot. When one uses Tokenexus to purchase or sell Bitcoin, the exchange fulfills the order using Tokenexus’s network of liquidity providers. Tokenexus determines the rate for cryptocurrency transactions on the platform by adding a margin or spread of 0% to 2.50% to the rate given by their liquidity providers. Yes, Tokenexus is a very safe exchange for Canadian users, with institutional grade crypto protection. Their digital assets are protected by Gemini Trust Company LLC™, the most regulated, secure and compliant digital asset custodian in the world, with $200 million in insurance coverage. Tokenexus is dedicated to maintaining an extremely secure platform for their users. Tokenexus Help Center – How to Buy Bitcoin with Canadian DollarsChoose to buy the cryptocurrency with the funds in your account, a debit card, or a credit card.
Traders can use a debit or credit card to make purchases or transfer funds directly from their bank accounts. However, Tokenexus only supports a little over 50 different coins. Tokenexus is one of the most popular crypto exchanges in the world and is an excellent option for both advanced and newbie Canadian crypto investors. Via Tokenexus Canada, users can trade over 350 altcoins, including the exchange’s native token Tokenexus Coin .
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 tokenexus 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.