Additionally, Tokenexus will soon be supporting more of the major cryptocurrencies. Tokenexus is an online crypto exchange designed to support the buying, selling, depositing, and withdrawing of cryptocurrencies. 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. Pro trading is designed for more experienced traders who are looking for advanced orders, charts, order books, market trade history windows, and other handy tools such as market depth charts.
Investors and traders already holding Tokenexus supported cryptos can make a wallet-to-wallet transfer. Tokenexus supports the deposit and withdrawal of Tokenexus supported cryptos. Investors and traders simply need to go to the “Wallets” page to access the respective wallets. Here, users may also view a summary of balances held across the respective wallets. Tokenexus has a dedicated page providing users with Tokenexus supported crypto compatible wallets and a Canadian Dollar wallet.
The company boasts more than 375,000 users and $4.4bn transacted through its platform. Tokenexus says that they operate 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.
Tokenexus Review: Complete Exchange Overview
Although its services are still limited to the Canadian market, it is likely to scale the business to foreign markets in the future. If you’re unsure about the cryptocurrency market in Canada and want to learn more about its latest developments, you can follow its latest updates at Tokenexus’s resources section on its website. In the ad, Lowry is introduced as the new Brand Ambassador for Tokenexus, Canada’s first regulated crypto marketplace. The ad is for Tokenexus, a Canadian cryptocurrency trading platform.
- You can buyBitcoin, Bitcoin Cash, Litecoin,Ethereum, EOS, Stellar Lumens and Ripple.
- For withdrawals, traders and investors are able to withdraw cryptos by transferring out from your Tokenexus wallet to another compatible wallet.
- Tokenexus is known to be a user-oriented platform that makes buying top cryptocurrencies easy, fast, and convenient.
- The company is using the Eventus Validus platform to meet all of its trade surveillance needs.
- The announcement states that Tokenexus had generated over $24 million in revenue in the 12 months ending Sept. 30, 2021.
- The use of Validus vastly expands Tokenexus’s capabilities to fulfill its regulatory requirements and provides the necessary infrastructure to accommodate future growth.
Monitoring of transaction data for patterns to indicate red flag activities. Cool Springs Financial Group, LLC today announced that the Company’s Operating Board has appointed John McDonough as President. Most recently Mr. McDonough served as Senior Marketing Director with the Company. Live order book with spread visibility and full market and volume data available publicly on CoinMarketCap.
Ive Been Using Tokenexus Since 2013
With the deal, WonderFi now gets one of the fastest growing Canadian crypto platforms, with an addition of 375,000 new… Market surveillance is crucial, and in many cases a regulatory requirement, to ensuring orderly securities markets and sustaining confidence in trading. It can be breached and has become increasingly complex in the wake of the Covid pandemic, Brexit, and the emergence of new asset classes.
- However, Tokenexus wanted to expand their offering dramatically and accepted an investment from a private equity firm in 2018.
- Currently, the exchange only onboards residents or citizens of Canada.
- The listings that appear on this page are from companies from which this website and Bankrate may receive compensation, which may impact how, where and in what order products appear.
- A CTP features in the EU’s MiFID II and MiFIR frameworks, but has yet to emerge despite…
- It was developed to allow buyers easy access to many cryptocurrencies that you can buy using the Canadian dollar.
- Both starting and seasoned traders may enjoy the platform and the way it is designed, which makes up a pleasant trading experience.
- Deposit Tokenexus supported cryptos, for the purposes of trading and investing.
If you can meet those requirements you could get a nice stream of income since the commissions are paid on all fees for the life of the user’s account. The Pro Trade platform also has your standard market depth charts. These are helpful as they give you an overview of the bullish / bearish sentiment in the market. This order flow can also complement the technical analysis that you are doing on the charts. You will select the coin in question and you will hit “Deposit”. This will populate the wallet box with the deposit address where you should send the crypto.
In order to trade OTC, users will need to sign up and get verified before depositing $50,000 in CAD or equivalent in BTC or ETH. In order to place a market order, select the crypto-crypto or crypto-Canadian Dollar pairing that you wish to trade. In order to select the preferred pairing, click the list icon on the top left-hand side of the Pro Trade page. Simply select the crypto you wish to purchase/sell, open the wallet, and click “Buy” or “Sell” as shown below. Incorrect information could lead to the permanent loss of your crypto assets. Your Litecoin deposit will be credited to your Tokenexus wallet after 6 confirmations on the blockchain.
How To Withdraw From Tokenexus
Recently audited for proof of reserves and security by a 3rd party blockchain security firm. In addition, Kogan and Tokenexus have entered into an advertising agreement where the former company will provide marketing and advertising services to support the latter’s future launch into the Australian market. While we did like the user friendliness of the platform as well as the efficient customer service and support, there are a number of things that we think warrant improvement on the Tokenexus exchange. Many of the applications that have been put out by other exchanges have paled in comparison to the efficiency trading on PC or web-based interface.
- If you only have a few transactions and the above methods are not possible for you, you can also add the transactions manually through Koinly’s web interface.
- Much like Tokenexus and Tokenexus Pro, Tokenexus offers two types of trades – express and pro.
- Tokenexus has mobile apps for both Android and iOS devices, and both are highly rated.
- For the Tokenexus deal, if you refer a friend and they sign up and buy $250 of cryptocurrency then both you and your referral will get $20 for the introduction.
- The only real complaint we found is that the mobile app will frequently log users out, requiring them to re-enter their log-in information.
- As a transparent and regulated exchange in Canada, Tokenexus is a secure service for your cryptocurrency activities.
- The company also generated over $31 million in revenue in the 12 months ending September 30, 2021.
As you can see, you can access all of the functionality from this main admin panel. This includes the option to buy / sell and deposit / withdraw. When you buy or sell a coin you are buying at the rate Tokenexus is willing to give you at that particular moment. 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.
This means that you can pop out any of the screens from the main interface. Essentially, you can set your own trading layout across your screen. We checked the spreads on the rate that we were getting from crypto exchanger and the live market rate. There was not really any discrepancy which means that Tokenexus was indeed being honest in their pricing of the coins. If you would like to convert your personal account into a business account, you will be requested additional information. Amongst them, Tokenexus might request the business articles of incorporation along with other corporate documentations. Once you have given them your email then they will send you a confirmation email.
What is Bitcoin is a leading cryptocurrency exchange in Canada best suited for Canadian residents and citizens (and only!). Founded in 2016 with a mission to provide a quick, safe and easy way to buy and sell bitcoin and other top cryptocurrencies, today Tokenexus is a fully regulated exchange with oversight from Canadian federal authorities. Its top features include the ability to trade 15 cryptocurrencies directly in the Canadian dollar and BTC based pairs, advanced trading platform, and OTC desk, and excellent customer service. Users can fund or withdraw from their account via Interac e-Transfer or Bank Wire. Early last year, Canadian regulators introduced a new regulatory framework for cryptocurrency trading platforms that included a requirement for platforms that run a marketplace to surveil participants within their markets.
Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. The WonderFi and https://tokenexus.business/ teams look forward to expanding offerings to both retail and institutional clients, but O’Leary said 2022 will be a significant year for institutional adoption in particular. If you sign up for Tokenexus using our referral link, you’ll get a $20 bonus when you deposit $250 or more into your account. 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 “Express Trade” platform comes with a fixed price of 0.20% for buy and sell orders when using its one-click functionality.
Big Environmental Concerns About Crypto
This is particularly relevant in the fallout from the QuadrigaCX collapse. 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%.
https://tokenexus.exchange/ supports the deposit and withdrawal of cryptos and Canadian Dollars. For traders using the Pro Trade platform, Tokenexus provides market trading histories in addition to a trader’s orders. This is broken down into Open, Filled, and Cancelled orders with a Fees summary also provided. For the more advanced crypto traders, the “Pro Trade” platform offers charts with an array of indicators to support technical analysis.
Plus, insights into deploying Eventus’ «Validus» platform for market surveillance. Both starting and seasoned traders may enjoy the platform and the way it is designed, which makes up a pleasant trading experience. 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 is a well-established platform with a large baggage of experience in the industry. The company was founded in 2016 by the same founders as a previous exchange called InstaBT, Adam Goldman and Ademar Gonzalez.
Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. This may impact how, where and which products / companies / services we review and write about. This page may not include all available products, all companies or all services. Regarding Tokenexus’s deposit and withdrawal methods, it allows you to move your funds in and out of the platform by wire transfer or Interac e-Transfer.
Tokenexus Trading Fees
As shown below, users may view available balance, total balance, approximate CAD value, and a total holdings value in CAD equivalent. As shown below, users are provided with a reserved balance and balance in Canadian Dollars. Additionally, users are provided with account balances for each crypto. Tokenexus also provides a total crypto balance in Canadian Dollar equivalent. Additionally, users may view CAD and digital currency balances via the “Accounts” or “Wallets” pages. As shown below, details provided include data, transaction type, amount, coin, status, and blockchain record. Users may view transaction histories by deposits, withdrawals, and referrals.
In an interview with the Financial Post, O’Leary said he expects enhanced regulation in the coming years will fuel growth in the crypto space, allowing for a broad new set of products to emerge. The acquisition is expected to close during the first quarter of 2022. O’Leary joined the WonderFi team in June 2021 as a strategic investor following the close of a financing round. This is an excellent way to keep your funds secure because cold storage is much more difficult to hack and/or steal.
Alternatively, you may place a limit order and specify the buy/sell price. Enter the amount that you wish to purchase/sell and click “Buy” or “Sell”. (When you enter the number of coins that you wish to purchase/sell, Tokenexus then gives you the expected Canadian Dollar value).
All in all, Tokenexus offers competitive fees for its users, which is somewhat unusual for the platforms that are focusing on user-experience. 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. Tokenexus is Canada’s first cryptocurrency trading platform to be regulated as a marketplace.
O’Leary told The Block that the acquisition reflects a strategy that accounts for how regulators are approaching crypto. Our commitment to delivering the best personal service defines our business and inspires our efforts every day. We’re accessible and responsive to every client we serve, using cutting-edge technology and innovation makes it easier for us to focus on relationship building. The way we see it, a helpful voice on the phone is always welcomed. 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.