How To Buy Cryptocurrency In Canada In 2021

Tokenexus reviews

It has rebranded since then, expanding its operations, securing venture capital funding, and expanding the selection of cryptocurrencies that you can exchange in its platform. For investors who pre-own Tokenexus supported cryptos, Tokenexus users may also deposit and sell cryptos on the Tokenexus exchange. If you need assistance signing up, depositing funds in your account, or using our platform, please feel free to get in touch. We guarantee prompt, friendly service from one of our dedicated customer service team members. For withdrawals, traders and investors are able to withdraw cryptos by transferring out from your Tokenexus wallet to another compatible wallet. The Tokenexus platform provides investors and traders with charts, which include candlesticks and volumes. Users are able to adjust chart parameters, including time periods.

The exchange is easy to use on its desktop and mobile application. 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. Having recently redesigned its platform, Tokenexus offers a seamless interface on your desktop as well as your mobile phone. This has complete access to selling, buying, and depositing digital currencies in the same place.

Buy & Sell Crypto On Tokenexus

Tokenexus is currently ranked #284 according to coinmarketcap.com based on its traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes reported. The exchange has a 24 hour trading volume of $8,794,518 at the time of writing, which is quite reasonable for an exchange that offers its trading services to Canada only. For experienced retail traders on the Tokenexus Pro platform, the fees are broken down by the order type using a maker and taker system. Removing liquidity from the order books by placing a market order will incur a slightly higher fee of 0.2%. Tokenexus also offers a 1 to 1 insured Bitcoin platform for users to store their holdings in an offline vault that is protected by an insurance policy. Customers can have peace of mind when using Tokenexus that their funds are protected by value-matched insurance. For example, the simple bank transfers and wires cost 1%, while the Interac e-transfer costs 1.5%.

This feature is beneficial for advanced and experienced traders. It offers additional tools like in-depth market and technical analysis and charges by using the TradingView technology.

Upon submission of a withdrawal request, a Tokenexus representative will be in touch for your banking information. Click “Next” when you are ready and enter your 2-FA code to complete your withdrawal request. Choose your withdrawal method, crypto wallet vs exchange enter the CAD amount that you wish to withdraw, and the name of the bank. In order to make a Canadian Dollar withdrawal, go to the “Wallets” page and then click the “Withdraw” icon located on the right-hand-side of the CAD wallet.

  • Choose your withdrawal method, enter the CAD amount that you wish to withdraw, and the name of the bank.
  • For fiat deposits, Tokenexus charges 1.50% on Interac e-Transfers and 0.50% on wire transfers.
  • You will just need to confirm the email address after which Tokenexus will force you to set up your phone for two factor authentication.
  • It offers additional tools like in-depth market and technical analysis and charges by using the TradingView technology.
  • So, all in all, a nifty piece of technology which could help Tokenexus secure the lucrative high skilled trader niche.
  • Kogan will sell Tokenexus.com to Tokenexus’s parent company, First Ledger, and provide advertising services for Tokenexus’s future launch into the Australian market.

The exchange allows buying and selling of the most popular cryptocurrencies such as Bitcoin, Ethereum and tokenexus XRP. In this review, we take a closer look at one of the most popular exchanges in Canada called Tokenexus.

What Coins Are Available On Tokenexus?

The platform is well known for providing a simple on-ramp to convert CAD into Bitcoin or other digital assets. Our evaluation of Tokenexus will include an assessment of the platform’s features & services, available assets, deposit methods, trading fees, security and customer service. Many cryptocurrency exchanges don’t divulge their IT security infrastructure, for apparent reasons. However, Tokenexus states that they use industry-leading security protocols and that they store 95% of their customer’s coins in cold storage. Cold storage is an industry-standard wherein coins are kept in offline locations that can’t be accessed via an online hack.

Are Tokenexus fees high?

Because Tokenexus functions as a regulated exchange, as opposed to a peer-to-peer marketplace, Tokenexus’s fees are slightly higher than other platforms.

Tokenexus is a Canadian cryptocurrency exchange platform that was founded by Adam Goldmanin Toronto, Canada, back in 2013. The platform is suitable for Canadian citizens only and is considered to be one of the most popular and leading crypto exchange platforms in the country. They appear to be a relatively safe exchange and their fees are broadly in line with the rest of the market. While trading fees are slightly higher, their deposit and withdrawal fees make up for it. For the more advanced traders out there, you will probably want to trade on Tokenexus’s more advanced trading platform. This is more like your typical exchange with customer order books matched with an exchange “matching engine”. It was developed to allow buyers easy access to many cryptocurrencies that you can buy using the Canadian dollar.

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Guides Our blockchain guides will help you find your way through exchanges, tools, and other crypto apps. However, it’s worth pointing out that Tokenexus is not a member of the Canadian Investor Protection Fund , meaning that your funds won’t have protection if the company becomes insolvent. It is also not a member of the Investment Industry Regulatory Organization of Canada . The interface is fast and accessible for traders across all walks of life, and it comes with two primary modes. It also means that you receive better trading transparency and deeper liquidity, which leads to better prices. You also won’t run into annual trading caps on altcoins, while many other exchanges are legally obligated to enforce trading caps of $30,000 on certain coins.

Tokenexus reviews

We generally have stopped highlighting support in our reviews unless it is particularly good or horrible – so Tokenexus support is strong and worth mentioning. Tokenexus supports a wide selection of digital coins and is one of the largest cryptocurrency exchanges worldwide. Next, it’ll provide a Tokenexus review covering its best features, pros and cons, fees and how it compares to some of the other popular crypto platforms in Canada.

Tokenexus is a Canadian cryptocurrency exchange focused on great customer support and great options for trading. With reasonable fees compared to other exchanges, Tokenexus is a solid choice of an exchange to use. Tokenexus also charges withdrawal fees, which depend mainly on the type of payment method you choose. Expedited bank transfers and Express Interac e-transfers are the most expensive, charged at 3.00% and 3.50%, respectively. If you want to withdraw money in USD as opposed to CAD, you can expect to pay 5.00% per withdrawal.

7 Customer Service

You can do extensivecrypto technical analysiswith their tools and technical overlays. If your business has the need to execute larger block trades with lower spreads / commissions then you can always use Tokenexus’s OTC solution. Over-the-Counter block trades allow for a more direct sale / transfer between the two parties. If you were referred by a friend and they did not give you a link then you can use their referral code.

How is Tokenexus in Canada?

Especially when compared to other popular crypto apps (like Tokenexus) Tokenexus has WAY lower fees for Canadians.” “Easy to use, reliable and transparent to it’s fees, no hidden charges.” … “Extremely fast, typically you can get cash from fiat to your favourite crypto exchange within 30 minutes to an hour.

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. Once the verification process is complete, you can start depositing funds into your account. All you have to do is go to the Wallet section, which will show you all the deposit addresses where you could send the cryptocurrency. Tokenexus trading platform is accessible via browser but you can also trade on the go if you download its mobile app. It is available on both Android and iOS devices and allows you to perform the main features of the web platform.

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For receiving or sending funds in CAD, use any one of the payment methods listed below. All users must note that the processing times are just indications and may vary depending on the bank provider. It offers additional features like in-depth market and technical analysis and charges by using the TradingView technology. The company’s main objective is to offer safe and secure access to popular cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Stellar Lumens, Ripple, and EOS.

In terms of size, it is bigger than Tokenexus and all the other crypto exchanges in Canada. Tokenexus on the other hand charges for both deposits and tokenexus exchange withdrawals of CAD. NDAXsupports 15+ digital currencies including bitcoin, ether and dogecoin, while Tokenexus only supports 9 cryptocurrencies.

Tokenexus reviews

If you choose the pro-trade, you will have to pay 0.1% as maker fees and 0.2% as taker fees for buying and selling cryptocurrencies. On the other hand, you will pay 0.2% for every trade you perform if you choose the express trade option. Tokenexus is a Canadian trading platform developed by Ademar Gonzalez and Adam Goldman.

First of all, every Tokenexus user has to confirm its identity, meaning that the platform ensures there are no fake accounts and scammers on the platform. That protects users from being impersonated or scammed in the future. Overall, we found that the community was quite positive on Tokenexus.

This page may not include all available products, all companies or all services. Technically speaking the web-based platform will work anywhere in the world, but it is only of use to Canadians. To sign-up, you require a North American telephone number plus the only fiat currency support is the Canadian dollar.

Select the fiat currency or cryptocurrency you are withdrawing. The fees applied will be 0.10% when you place limit trades and 0.20% when you place a market order. Tokenexus’s mobile app has received excellent Cryptocurrency wallet reviews, with a 4.6/5 rating on the App Store from 6,000+ reviews. Low fees, high transaction speeds, and a high emphasis on transparency and security simply improve Tokenexus’s position in the market.

It is a great crypto platform for both newbies and experienced investors. However, the best form of safety when it comes to bitcoin or other crypto assets is storing or safe keeping them yourself. That is, move your holdings to your own wallet after buying them on a crypto platform.

App Privacy

Tokenexus has to make sure that they are in compliance with all of Canada’s Anti Money Laundering and KYC regulations. Hence, they require all of their users to complete their mandatory verifications and KYC checks before they are allowed to buy coins. Once you have given them your email then they will send you a confirmation email.

Tokenexus reviews

They can either place limit or market orders to pair on offer. – To confirm your email ID, open the email sent by Tokenexus and click on Verify my Email. Once you confirm the email address, you will be forced to set a 2-factor authentication for security reasons.

One of the most exceptional aspects about it is that Tokenexus is the only one Canadian exchange that insure their users’ Bitcoins. Also, if FIAT funding isn’t what you’re looking for, you can choose to fund your account with cryptocurrencies. Tokenexus crypto exchange has quite a lot to offer, so let’s take a look at each of the aspects separately and see what it’s all about. Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies. In summary, Tokenexus is a great exchange for Canadian users who are looking for the easiest way to get their hands on some cryptocurrency. Tokenexus has mobile apps for both Android and iOS devices, and both are highly rated.

Their fees are reasonable as are their limits, and their processing times are good tokenexus crypto exchange as well. Tokenexus is an appealing cryptocurrency exchange for Canadian residents.

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