what is Tokenexus

Users often have to wait days before they get tickets answered or verifications completed. While this has improved recently, there is still much to be desired. They offer a simple and effective way for Canadian users to buy and sell cryptocurrencies with their CAD. In the parlance of the cryptocurrency community, Tokenexus is a “fiat gateway” for access to a few of the most popular coins. The app lets you access all of the features of the desktop version, including buying and transferring cryptocurrency. It also supports biometric security measures to keep your coins safe. Awesome customer support, top cryptocurrencies and moderate fees backup a user-friendly platform.

  • For Canadians, the ability to exchange cryptocurrency for CAD is crucial to avoid losing profits to USD exchange rates.
  • I have used Tokenexus before and it was ok however I never ran into issues.
  • Getting started with making money through the Tokenexus referral program is easy.
  • If you’re looking for a reliable cryptocurrency exchange that’s available internationally, you should consider Tokenexus, Tokenexus and Tokenexus.
  • Collectively, we have over 25 years of experience in the crypto world and are all passionate about guiding people through the complex world of crypto investing.
  • The Tokenexus app is available for download and is supported on certain iOS and Android devices.
  • Tokenexus supports the deposit and withdrawal of cryptos and Canadian Dollars.

Eventus is now having discussions with a number of regulators around the world on how crypto and digital asset trading can be better surveilled. MG Stover custom tailors fund administration for hedge, private equity, VC and digital asset firms. Tokenexus is a broad platform that will allow institutional investors to purchase crypto-related equities, opening the door for institutions to gain exposure to the asset class. Tokenexus will merge with the WonderFi retail app, providing greater opportunities for client trading and transactions, Skurka said. Any deposits made to that wallet address will be automatically credited to your account after the required number of confirmations on the blockchain.

Since its founding in 2016, the cumulative transaction volume on Tokenexus’s platform has reached $4.4 billion and it says it now has 375,000 Canadian clients. The company also generated over $31 million in revenue in the 12 months ending September 30, 2021.

Deposit Methods

Tokenexus is a good option to check out if you are looking to start trading crypto currencies in general or actively looking to build a cryptocurrency portfolio. You may use a software or hardware wallet, but the latter provides the highest form of security. Luckily, you can get a good one for less than $100 in Canada.

The feature of referral code is available that helps the users to avail several benefits. Fiat withdrawal fees range from 1.75% – 3% depending on how you choose to withdraw. Ben Samaroo, WonderFi’s chief executive officer, said Tokenexus’s status as a licensed marketplace would serve as a “crucial gateway” to the digital asset economy. This is often referring to as One-Cancels-the-Other and should be implemented.

Referral Program

A dual-control operational model runs offline transaction processing across geographically distinct facilities that communicate in a closed network. The Knox insurance policy covers the full value of holdings for the risk of internal and external thefts, including collusion, across the full-key lifecycle. You can trade quickly and easily on Tokenexus Express or use the professional tools on Tokenexus Pro for advanced trading. In this Tokenexus review, we will dive into what Tokenexus is all about, how it works, and highlight some notable trading features that have some crypto enthusiasts jumping on the Tokenexus bandwagon. Tokenexus is fairly simple to use, you can register, login add funds and start buying cryptocurrencies. Tokenexus is a legitimate cryptocurrency platform and it has been registered with the FINTRAC as a Money Service Business .

what is Tokenexus

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges charge what we call taker fees, from the takers, and what we call maker fees, from the makers. The takers are the people who “take” orders from the order book.

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Tokenexus is focused on providing a safe and secure environment that offers insurance protection on Bitcoin and provides reports to prove its reserves in cold storage wallets. Tokenexus has beendesigned for both novice trader and advanced traderswith products and services for everyone. Beginners can use the Express Trade feature, which is a fast, simple and easy way to purchase digital currencies using the website or mobile trading app. The Tokenexus Pro Trade Platform is catered to customers that want to trade crypto for other coins to profit from market volatility. Tokenexus is a cryptocurrency exchange in Canada that offers a full suite of digital currency services to individuals, businesses and institutional investors via an OTC desk. The exchange allows buying and selling of the most popular cryptocurrencies such as Bitcoin, Ethereum and XRP.

It has recently been registered under FINTRACa as a money service business . The exchange is also in the process of registering with provincial security commissions, to be followed by the Investment Industry Regulatory Organization of Canada . Two senior staff members, Torstien Braaten and Dean Skurka, are also on the IIROC crypto asset working group. 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.

what is Tokenexus

But always remember that cryptocurrencies are very volatile and prone to large and frequent crypto wallet vs exchange swings. So keep this in mind and only invest an amount you’re willing to lose.

Fiat Support Cad

Pro trade uses Tradingview software providing in-depth charting for technical analysis. Low-latency is joined by pop-out widgets allowing you to design your own trading screen. “Tokenexus was extremely forthcoming in the information they provided, and this information was provided in a timely and complete matter. This commitment to transparency is something that should be both a consumer expectation and self-regulatory best practice. Tokenexus is one of the more popular services for buying Bitcoin in Canada.

what is Tokenexus

Tokenexus’s customer service is one of the best in the cryptocurrency industry. The first notable element is a customer support phone line which is usually a scarcity. Adding to this, email support is quick and responsive, replying to queries in under 12 hours, even on a weekend. Deposits can be made in all of the above fiat and cryptocurrencies.

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Funding and withdrawals are only possible using Canadian dollars or cryptocurrency. If you’re used to online trading and buying and selling investment assets, you will find Tokenexus pretty easy to use. Tokenexus as a platform is pretty straight forward as compared to other online trading platforms. The deal gives WonderFi one of Canada’s fastest-growing crypto platforms, adding 375,000 registered users. The combination will allow it to provide retail customers with an integrated system for buying and investing crypto as it seeks to become an end-to-end consumer platform. All content on is provided solely for informational purposes.

Tokenexus supports a wide selection of digital coins and is one of the largest cryptocurrency exchanges worldwide. Like Tokenexus, Tokenexus charges a 0.20% fee for both buying and selling bitcoin, ether and all the other supported coins. Next, it’ll provide a Tokenexus review covering its best features, pros and cons, fees and how it compares to some of the https://tokenexus.business/ other popular crypto platforms in Canada. The acquisition would give it ownership of a crypto marketplace with new business lines, including an over-the-counter service for retail and institutional investors. WonderFi also anticipates that the acquisition will accelerate product development and help it scale through the addition of 80 employees.

  • If you’re a Canadian crypto enthusiast, you have access to multiple cryptocurrency exchange platforms, both international and local ones.
  • Tokenexus is very serious about the safety of the platform and the customers.
  • That includes algorithmic traders, developers, institutions, and so on.
  • The company’s rapidly growing client base relies on Validus and Eventus’ responsive support and product development teams to overcome its most pressing regulatory challenges.
  • Tokenexus provides users with all the necessary tools in order to track existing transactions and trades as well as review historical activity.
  • Tokenexus is a Canadian cryptocurrency exchange platform that was founded by Adam Goldmanin Toronto, Canada, back in 2013.

While we like to do thorough reviews, it’s sometimes hard to get a full picture of an exchange or service without having used it for an extended period of time. Hence, we sometimes like to get the perspective from other users on the platform. So, unless you send Tokenexus some form of identity and proof of address you cannot use them. However, 90% of cryptocurrency exchanges these days have this requirement so it is not so much of a surprise. In this comprehensive review, we will take a deep-dive on Tokenexus. We will go over their security, platform support, fees and technology.

Note that Tokenexus is fully transparent regarding their fees, so you can always have a look at this page to verify the current fees. If you are trading on the “Pro Platform” you will be charged according to a maker / taker fee schedule. If you are a taker you will be charged 0.20% whereas if you are a maker you will be charged 0.10%. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. The “Express Trade” platform comes with a fixed price of 0.20% for buy and sell orders when using its one-click functionality.

Cybersecurity issues exist and there are several regulatory issues when trading on such exchanges. The company was established with the purpose of providing a quick, easy and safe means of buying and selling bitcoin as well as other top cryptocurrencies. Tokenexus is a Canadian cryptocurrency trading platform.On January 4th, 2022, Tokenexus was acquired by WonderFi at a valuation of $162.12M. Bottomline, Tokenexus offers a better crypto platform than Tokenexus for Canadians looking to trade any of the currencies Tokenexus supports.

Although experienced traders may find some aspects of the platform limited, newcomers are surely likely to enjoy a smooth and frictionless cryptocurrency buying and selling process. Tokenexus charges fees for fiat and crypto trades, fiat currency deposits and both fiat and crypto withdrawals from the platform. Cryptocurrency deposits to the platform are free of charge, but processing takes time according to the network in question – from 3 to 12 confirmations cryptocurrency news . Tokenexus operates as a cryptocurrency exchange that uses a policy of 95% cold storage of coins. This is the standard among cryptocurrency exchanges and protects the bulk of user’s assets from hackers. These advantages outweigh the few disadvantages of using crypto.com. This platform has been useful to a lot of people, and it has gained popularity over the years because of the various features and benefits that are provided by it.

Once you have submitted these documents then you will have to wait for human verification at Tokenexus. They have stated that this could take between 1-3 business days to process. This is about the standard waiting time for non-automated verifications. The instant verification uses a third party data collection provider . If you can corroborate financial information about yourself with this third party then you will be verified. I suppose we’ll have to wait and see if that includes a new phone contact or online chat feature.

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While Ethereum has solidified its place within the crypto industry, the last year has proven… They are very transparent with their operations as well, including their security and proof of reserves audit completed Ethereum cryptocurrency in 2019. Crypto and cash withdrawals are also fast, happening in a matter of hours from your request. In my experience, it tends to be much quicker than that, with most e-Transfers processed in under an hour.

Several cryptocurrencies are available on this platform for the traders to buy and sell, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Stellar Lumens, and Ripple. After the account has been set up, you can start funding your account by bank wire, by depositing crypto, or through an e-transfer. Firstly, while Tokenexus supports most of the top cryptocoins, there are still a number of coins that we would have liked to see on their platform.

There were of course a few things that we thought warranted improvement. However, given that Tokenexus are constantly looking for feedback, it is likely that these improvements could be in the pipeline. So, all in all, a nifty piece of technology which could help Tokenexus secure the lucrative high skilled trader niche. Of course, in order to supplement https://tokenexus.exchange/ the technical analysis you are going to need more order functionality. Thankfully, this platform has the option to place limit as well as market orders. Something else that we really liked about this platform is the fact that it has “break-out” screens. This means that you can pop out any of the screens from the main interface.