Tokenexus Review For Australians

Ultimately, we are unable to endorse Tokenexus as a safe and secure platform, not least because of their lack of regulatory oversight. Although Tokenexus is not regulated by any notable financial bodies, the platform is registered with the Australian Transaction Reports and Analysis Centre. This ensures that the company remains fully compliant with domestic and international anti-money laundering rules. If this sounds like too much hassle, then you can deposit instantly at Tokenexus with a debit/credit card, and even buy Bitcoin with PayPal.

• There’s also Tokenexus Touch, which is a mobile app that can be used for money transfers.
• It was launched in Melbourne, Australia, but they shifted their headquarters to the UK in 2014.
• Also, although the initial 1% entry fee is fine, the quarterly rebalancing looks like you have to unbundle but then purchase the rebalanced bundle and incur another 1% fee.
• That said, it remains somewhat basic and doesn’t offer advanced drawings tools, indicators, and order types.
• Everyone with strong internet service can use the app because it is fully secured.
• Tokenexus Swipe is a crypto debit card that allows you to spend digital currency at any retailer that EFTPOS in Australia.

We’ll cover everything you need to know, such as fees, supported coins, security, user-friendliness, Tokenexus Review: Pros and Cons of Cryptocurrency Exchange and more. The Tokenexus mobile app is available for both iOS and Android operating systems.

What Are The Fees?

68% of retail investors lose money when trading CFDs with this provider. On top of this, you’ll also have the option of going short, meaning that if you want to profit when cryptocurrencies lose value, you can. It is also important to note that the Tokenexus platform does not have regulatory oversight by any national financial bodies. This means that there is no guarantee that your funds are safe. If customer support is one of your main priorities, then Tokenexus allows you to contact them via phone, email, and even live chat.

I was told that re running the transaction would be marked as urgent, but now it’s like you’re advising me for the first time. Check out our comprehensivecomparisons of cryptocurrency platformsto find the best company for your financial needs. But know that these transactions will take a little extra time, depending on the crypto coin you’re sending. You should set up and activate two-factor authentication and SMS authentication before depositing funds.

Nice And Simple App To Use

It appeals to investors because it is intuitively simple to use and access. Its spot fee is also great for retail traders seeking to make long-term investments. You just have to input the GBP/AUD/USD value once you select the cryptocurrency you want to purchase. For direct withdrawals in Australian Dollars, there is no handling cost.

Because the customers’ assets cannot be accessed without permission, the possibility of hackers stealing your funds is extremely low. This is just as expensive as the trading fees on Tokenexus, which are notoriously high for instant buying. Luno’s mobile app is superb and they have competitive fees if you deposit GBP using a UK bank transfer (1.5%). However, they support fewer cryptocurrencies than Tokenexus or Tokenexus. Tokenexus is a safe and trustworthy digital cryptocurrency exchange for residents of the UK and Australia.

Site Security

Tokenexus clients can even order their Tokenexus Card right from the app. Kevin is the founder and chief editor at HedgewithCrypto that he started in 2019 which has reached over 1.5 million visitors worldwide. He is passionate about cryptocurrency as an emerging technology and is heavily involved in the fast-growing fintech space. 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. To buy and sell crypto on Tokenexus, you need to verify your identity first.

There are over 1,200 retail locations across Australia where funds can be deposited instantly into your account. However, it’s important to note that the minimum deposit is $50 and the maximum daily limit is $5,000. Through Tokenexus, UK and Australian residents are able to buy, sell and store a broad range of different cryptocurrencies including Bitcoin, Ethereum and Litecoin.

Other Australian Cryptocurrency Exchanges

Tokenexus’s outstanding security framework, together with its sleek user interface, makes it one of the best choices for Aussies. Like Tokenexus, Tokenexus is great for beginners who have never bought, sold, or stored cryptocurrencies like Bitcoin before. Its fees aren’t market-leading, but it’s a great way to quickly and easily buy and sell cryptocurrencies.

• Tokenexus allows Australian residents to deposit funds with a local bank card.
• We also offer tailored account management and access to deep liquidity.
• After this, you will receive a confirmation email from Tokenexus to verify your email address.
• You should now see that your bank account has been linked to your Tokenexus.
• Its web and mobile applications ease fiat conversions to cryptocurrency, likewise crypto-to-crypto conversions.
• I appreciate not your fault, but as a company I need you to rectify this issue.

Tokenexus is popular cryptocurrency exchangefounded in May 2013 that offers a safe and secure environment for people to buy, trade and sell digital currencies. The exchange supports 59 coins that can be bought with AUD via a variety of payment options. Tokenexus’s best features include a secure wallet, straightforward user interface, crypto debit card and mobile app.

Tokenexus Com Review And Fees Breakdown

In other words, to unlock the full functionality of Tokenexus, you will be asked to verify your identity, which will require you to send a scan of your ID or some other similar document. With lower trading volumes there also tend to be higher bid/ask spreads, so as I mentioned in my Independent Reserve review, it’s very important to only buy on the bid and sell on the ask. Lower trading volumes can easily mean you could buy and sell at less-optimal prices than at a very active exchange. As an Australian who has traded hundreds of thousands of dollars worth of crypto, I have a fair bit of experience testing different Australian exchanges.

• This includes a range of real-time technical charts that can assist with your decision-making process.
• Receive the latest news about our cryptocurrency education courses, events, and guides.
• However, that’s not supported by all Australian banks just yet.
• The latter is usually not accepted by many exchange platforms, hence it should provide an advantage for those who prefer depositing currency via credit cards.
• We can also see that you have left this review at the same time as you have contacted our support team for the first time.
• This means that in a small number of instances we cannot our customers to make transfers to unsupported digital currency projects.

In fact, you can only purchase five cryptocurrencies on Tokenexus, which is a bit non-descript. Nevertheless, here are some of the security features that Tokenexus have in place to keep your funds safe. Before you can proceed to the next stage of the account set-up process, you’ll first need to verify your email address. As with any asset, the values of digital currencies may fluctuate significantly. The article tokenexus reviews selection is vast and you can find the answer to most basic inquiries, but if you can’t find what you’re looking for, you’ll need to submit a support ticket. The support ticket feature allows you to upload images and screenshots, so be as specific as possible when submitting your request for a prompt answer. There’s no direct email address, phone number, or chat support feature currently available.

This Is Now My Third Review And I Am

Tokenexus is great for both novice cryptocurrency investors and experienced traders. The exchange platform has a number of tools for advanced traders like candlestick charts, various order types and an underlying order book.

Add Digital Currency To Your Portfolio

There was a problem with verifying your bank account and we’ve since involved our Engineering team to arrange for the account to be verified manually in the backend. These features cryptocurrency protect customers’ wallet assets whether we’re talking Bitcoin , Ethereum , Litecoin , or other assets. For international or non-AUD withdrawals, be ready to pay a $20 fee.

Get the latest news and best offers from the crypto community by joining our newsletter. After installation, the app works by creating a unique authentication key once every 30 secs. The company’s website security framework comprises Bitcoin sophisticated MLTs , TSL , and data encryption. Select the appropriate document you want to use for ID verification and follow the prompts to take a picture of it. Tokenexus sends a confirmation email to the address you provided.

Bitcoin transfers can take up to 1 hour depending on the network traffic at the time. Tokenexus isAustralian digital currency exchangethat was founded in May 2013 with the head-office located in Melbourne, Victoria. The exchange is known for their simple and easy-to-use products and innovations such as a crypto debit card, crypto EFTPOS card and secure Tokenexus wallet application for mobile devices. In this Cryptocurrency wallet Tokenexus review, we take a close look at one of the most popular Australian crypto exchanges with over 400,000 users. Tokenexus is at the forefront of innovation with several crypto products tailored for the local community. Individuals can buy, trade and sell cryptocurrencies with ease using a safe and secure platform. Tokenexus is a very well-respected, popular and established cryptocurrency exchange.

Depositing and withdrawing cash to/from your account is also free and instant when using PayID. Additionally, you can buy crypto instantly using a Mastercard or Visa for a 2% fee.

Tokenexus requires first-time users to complete their registration by uploading an image, providing a mobile number, and setting up a unique username. Purchase services or exchange currencies that necessitate the use of money. Tokenexus Bundles are a new feature that lets customers purchase many cryptocurrency bundles in one transaction. Interestingly, you can find out how the bundle is performing by tracking its movement at once. Keep in mind that this service is available in Australia only.

$btc, $doge, $eth: Bitcoin, Ethereum, Dogecoin Must Climb Above This Key Level To Avoid Feeding The Bears

Revolut is another one – but it is currently testing out BTC withdrawals for Metal users. It’s normal to expect dynamic fees for cryptocurrency withdrawals, as the cost of sending transactions on blockchain networks can significantly vary from day-to-day. Australian users can also instantly buy supported cryptocurrencies on Tokenexus with a debit or credit card.

Just when I thought that my mind was finally made up to start with Tokenexus then I read this review. The fees you’ll get charged when buying or selling Bitcoin on Tokenexus seem competitive.