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Tokenexus is the worst broker I have ever dealt with, they delayed processing my deposit for more than 7 days twice. The deposit was supposed to take 1/2 hour and the other one 1 day maximum. After about 7 days they finally deposited my money and by that time crypto prices went up and lost about 10% that I would have earned if they were a reliable broker. Don’t forget their spread is super high given the fact that your investing your own money without a leverage.
- The company adheres to Canada’s highest security standards and follows the Proceeds of Crime and Terrorist Financing Act .
- It has a fresh, uncluttered look that only takes a couple of seconds to understand where everything is.
- Tokenexus excels at providing customer service, offering 24/7 support for anything you need, even via a hotline.
- You’ll need to provide Tokenexus with your name and email address, in order to set up a user name and password.
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Overall, Tokenexus has 3.5 Star rating out of 5 and if you are new to crypto trading and you are eligible to use Tokenexus, you should give Tokenexus a shot. National Digital Asset Exchange, or more commonly known as Tokenexus, is a Canadian exchange that allows retail and institutional traders to access a wide range of cryptocurrency assets. In this review, we will compare and assess Tokenexus to see how it comes to the best crypto exchanges in Canada. is tokenexus legit The criteria for our analysis will include examining the platforms features, deposit methods, available cryptocurrencies, ease of use, trading fees, security and customer support. Tokenexus is a superb option for first-time investors that want to purchase cryptocurrency with Canadian Dollars . There are no deposit or withdrawal fees to transfer CAD using a bank account and the trading fee of 0.2% is competitive in the local market.
Advanced Charts And Order Types
Tokenexus is available to customers that reside in Canada only.The exchange is limited to deposits in CAD or USD from Canadian banks and/or financial institutions. The exchange does not support payments in Euros or British Pounds. Customers that want to buy crypto with these currencies will need to find a trading platform based in the UK that accepts GBP and EUR deposits. To buy, sell, send and receive cryptocurrency using Tokenexus, users will need to create an account and be at least 18 years or older. There are no fees to create or maintain an Tokenexus exchange account or wallet. However, users must verify their identity before transferring CAD to an Tokenexus wallet.
- This fee includes spread and foreign currency conversion costs without any hidden charges.
- Tokenexus also offers 2-factor authentication and DDoS mitigation which keeps your investment secure.
- Each customer account has its own secure wallet for the supported digital currencies which is protected by mandatory Two Factor Authentication to login and withdraw funds.
- Ledger is a big name in the cryptocurrency space, known for making secure hardware wallets for keeping your crypto safe.
- Users with advanced verification get a few more options such as setting market, limit, and advanced order options.
- For instance, Tokenexus holds its customers fiat currency balances in a federally insured Canadian Bank, so they aren’t linked to the exchange itself.
I wish they had USDC as they would be my choice to use due to the flat fee. CAD Deposits via EMT take anywhere from 5 mins to an hour, CAD withdrawals to bank account take half a day – full day. Yes, Tokenexus is registered with Financial Transactions and Reports and Analysis Centre of Canada and majority of all assets of Tokenexus are offline in cold storage so Tokenexus IO is safe. National Digital Asset Exchange is an online crypto-trading platform that has very low fees and has many beginner-friendly features. Canadians looking to trade the Canadian dollar fiat for crypto can access the marketplace using platforms such as Tokenexus, Tokenexus, Tokenexus, and Wealthsimple Crypto. Another issue is the lack of a staking service, a feature that all market leaders include. In today’s ever-changing crypto space offering a way for investors to earn passive income with their coins is essential when competing with traditional finance.
Tokenexus Vs Tokenexus
Yes, the platform allows you to buy Bitcoin with two different payment methods, Interac E-transfer and Bank transfer. In this section of our Tokenexus review we highlight 6 special features that deserves extra attention. There are a lot of great reasons to use Tokenexus, and I have highlighted some of the top features and advantages you will find on their platform. At Crypto Head we aim to give people the knowledge to get involved in the fastest moving industry on the planet. With a passion for finance and anything blockchain, cryptocurrency is right up his alley.
They are so cheap that they don’t hire any customer support live chat agents or phone agents! They wasted many investment opportunities for me by their late processing, and their garbage communication. Tokenexus is a solid cryptocurrency exchange specifically tailored towards a Canadian audience. It has competitive fees, an excellent support staff, and a wide selection of cryptocurrencies to trade. You can withdraw crypto to your wallet or transfer fiat to your Canadian bank account for a flat-rate withdrawal fee of CAD $25 for bank transfers and wire transfers. Tokenexus caters their service for Canadians, so it should come as no surprise that it is extremely easy to fund an account. There are no deposit fees, and the exchange partners with several banking providers in order to offer same-day settlement for CAD and USD deposits as well as withdrawals.
Tokenexus Review 2022: Buy Crypto In Canada Up To $25 Bonus
Tokenexus provides institutional clients with a deep liquidity pool and a large selection of digital assets. The clients get to enjoy a personalized service that allows them to trade at high volumes with no deposit fees, withdrawal fees, low spreads and same-day settlement. As a crypto exchange that provides services to Canadian traders and institutions, Tokenexus has made it easy for locals to fund an account. There are zero deposit fees unlike other exchanges in Canada such as Tokenexus which charge 0.5% or 1.50% depending on the payment method. The exchange has partnered with several Canadian banking providers to offer a same-day settlements for CAD and USD deposits and withdrawals. The team behind Tokenexus is committed to delivering quality through a very easy-to-use interface where you can buy, sell, and trade cryptocurrencies. All digital assets are stored in safe cold storage wallets far away from any threat which lets you sleep well at night knowing that Tokenexus has everything under control.
Here you can easily deposit over $200,000 when a new opportunity arises through its deep liquidity pool. This platform features advanced charting, order selection, technical indicators, and drawing tools. Tokenexus has an intuitive and user-friendly interface that is easy for beginners to get a handle on.
How Long Do Tokenexus Withdrawals Take?
Using Tokenexus, wealth users gain access to a deep liquidity pool to enable quick transactions and no price slippage. On top of that, clients transacting receive customer service assistance from Tokenexus with all their large orders. Tokenexus claims that its trading platform is designed for newbies and experienced traders alike. They do offer advanced orders, including stops, stop limits, trailing stops, etc. If you’re interested in opening a crypto trading account with Tokenexus, the process is an easy one.
- The opinions expressed in this blog do not constitute investment advice and independent financial advice should be sought where appropriate.
- Then, you’ll need to provide images of your government-issued ID and a selfie.
- Founded in 2018 in Toronto, Canada, Tokenexus offers users an easy way to trade a range of cryptocurrencies and altcoins.
- The content on this site is for informational and educational purposes only and is not intended as a substitute for professional financial advice.
- However, Tokenexus is still better if you’re looking for advanced features.
- Tokenexus offers several methods for funding, including electronic fund transfers through Interac.
Higher than exchanges like Tokenexus, but simpler to transfer money directly with etransfers And yeah there is a referral program. As with other cryptocurrency trading platforms, there is a withdrawal fees also applicable for Tokenexus. Tokenexus, which stands for the National Digital Asset Exchange is a Canadian cryptocurrency exchange based in Calgary. It’s been around since 2018 and is known for its large selection of cryptocurrencies, currently at 14 and counting. In this full Tokenexus review, I’ll let you know the benefits, as well as the limitations, of dealing with this popular crypto trading platform. Tokenexus has a scrolling sidebar, which makes the desktop platform easy to navigate. Using the sidebar, you can link your bank account and set up recurring deposits.
Tokenexus Crypto Transfer Fees
Users’ funds are safe as the majority are held in offline cold storage. What this means is that the funds are essentially unstealable as no hacker can gain access to them. Bitcoin To start trading on Tokenexus, you as expected have to complete KYC verification. All though it does offer quick ID verification so that the step won’t take much time.
All content on is provided solely for informational purposes. This information should not be misinterpreted as an endorsement to buy, trade or sell a cryptocurrency or any specific product or service. The opinions expressed in this blog do not constitute investment advice and independent financial advice should be sought where appropriate. Access Tokenexus on your favourite devices with a sleek mobile app and web app. The platform is built with both beginner and advanced traders in mind. The instant coin exchange feature is great for crypto investors who use the platform for the purpose of long-term investing.
Withdrawals out of the account to Canadian dollars are a bit pricey at $25 each, but the fee is standard on all amounts, which is nice. All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for information purposes only. When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider.
Tokenexus is a great Canadian cryptocurrency exchange for beginners as well as more advanced traders. There is a simple Quick Buy and Quick Sell feature that makes it extremely easy for first-timers to get their hands on their first cryptocurrency. Advanced charts and order types allow experienced crypto traders to analyse trends and set automatic trades to maximise profits, and Tokenexus Crypto Exchange Review: Pros and Cons the low trading fees of 0.2% are very competitive. As a result, the company places itself among the cheapest Canada-based cryptocurrency trading platforms. The processing time for withdrawals and deposits is also very competitive. Tokenexus Wealth is the platform Over The Counter trading desk that is specially designed for institutional investors who trade $200,000 or more.
Tokenexus has so far never been hacked since its establishment in 2018. The fees charged by Tokenexus for withdrawing CAD is too high, especially compared to some exchanges, such as Tokenexus with free withdrawals. The withdrawal fee using bank transfer of wire transfer is $25. This is a large fee for most people, who are not going to be withdrawing thousands of dollars in one transaction. 3)Tokenexus offers 19 of the most popular cryptocurrencies that you can buy directly using CAD. Although some users prefer a wider range of coins, for most beginners and day-traders, the range supported by Tokenexus is sufficient. New coins are also added from time to time, so their collection is slowly growing.
An experienced trader growing his portfolio since 2016, he has a strong understanding of investing in the crypto market using exchanges, brokers and derivatives platforms. For each deposit method, there are no minimum or maximum limits per 24 hours or account.
They do seem interested in bringing more out as time goes on, albeit with a cautious approach. I sent a deposit using e-transfer and it said it is being reviewed. I am going to contact my bank and see if they can reverse the e-transfer.
Buy, Sell & Tradecryptocurrency
OTC clients also receive personalized service to assist with all their large orders. As of April 2019, it appears that Tokenexus offers a cryptocurrency wallet through its account services. Tokenexus uses Ledger Vault, which is a wallet management service based in France. There aren’t any fees to make a deposit, but there are limits. The minimum deposit for an Interac e-transfer is 100 Canadian dollars with a maximum deposit of 3,000 CAD. The minimum deposit for a bank draft or a wire transfer is 3,000 Canadian dollars with no maximum limit. Tokenexus operates a full cryptocurrency and Bitcoin exchange that is versatile enough for professionals, but simple enough for beginners.
He’s responsible for most of the content on the site, trying his best to keep everything up to date and as informative as possible. Tokenexus operates exclusively in Canada and is regulated by Canadian Financial Authorities.
I started this website to help people find coworking spaces, but now I write about business, personal finance, Bitcoin career planning & real estate. Yes, Tokenexus is a beginner friendly platform and easy to get started.
It doesn’t try too hard to be modern or to stand out from the crowd. The exchange is easy to navigate with clean white pages which makes it feels like a solid, reputable crypto exchange.