Additionally, you will pay a selling fee ranging from 0.1% to 0.9%. When buying crypto via a bank transfer, Tokenexus limits the order amount at $1,000. If you have to transact with amounts less than $1,000, you will incur a ‘below crypto exchanger the minimum fee’ of £20 ($25.78). United Kingdom-based buyers who choose to use SWIFT Faster Payment or SEPA are not subject to ‘below the minimum fee’. Anyone who wants to buy Bitcoin is welcome to use the services of Tokenexus.

A 5.00 percent momentum charge is added to card transactions with a fixed crypto rate and rapid delivery. All costs combined amount to a 10.9 percent levy on card purchases. The prices on Tokenexus are based on the TradeBlock XBX average plus 2%. In addition, there is a 3.90 percent commission fee on buy transactions and a 0.9 percent commission fee on sale transactions charged by Tokenexus. Crypto Believer – a lifetime purchase amount of more than $ USD or a cumulative purchase amount of $ USD over a rolling 90-day period. Buying costs have been decreased to 2.86 percent, while selling fees have been reduced to 2.93 percent.

Will Tokenexus Delete Your Personal Data If You Request It?

The more documentation you provide, the more currency you can buy on Tokenexus. If you don’t have a safe Bitcoin or Ethereum wallet, pick one from our list of Ethereum wallets and Bitcoin wallets. They recently added an option to sell Bitcoin for Customers in the 37 European countries that are part of SEPA . We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date. The initial Tokenexus verification should take only about 10 minutes, however, when purchasing coins, you might need to wait up to 6 hours to get verified. You can also enter a custom amount of BTC that you’d like to purchase, too – the price will be presented in the currency of your choice. In the next section of this Tokenexus review, I will show you how to verify your account.

Ultimately, Tokenexus has a strong reputation within the cryptocurrency community as a safe, honest and trustworthy broker. It may not have some of the additional features that some of its competitors do, and it may not be the cheapest, but it does what it does very efficiently and securely.

Comparison With Other Exchanges

Tokenexus’s fees are based on the TradeBlock XBX Index, which is the market rate based on all known providers. While this does improve the security and safety of crypto exchange it means that you will need to source your cryptocurrency wallet when making any transactions. Trading your preferred cryptos on Tokenexus is as simple as that. Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions.

So, whenever users buy cryptocurrencies they can store the digital coins in a crypto wallet and thus use it to execute transactions. Moreover, two factors make Tokenexus stand out from its competitors. Tokenexus was launched in 2013 with a mission to make buying and selling cryptocurrencies simpler and widely accessible. Since that initial start, Tokenexus has served more than 2,800,000 clients in around 190 countries. Currently, Tokenexus users can buy and sell Bitcoin and eight other altcoins including Ethereum, Ripple, and Litecoin. Tokenexus is a perfect platform for users who want to buy Bitcoin instantly with ease, But the transaction fees are too high(5.5% – 5.9% approx).

The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. At present, Tokenexus is only currently available as a website, with no mobile app available. In addition, Tokenexus has not released an API to enable users to create custom applications cryptocurrency types that would be compatible with the platform. Tokenexus now requires verification for all purchases due to new KYC regulations. Tokenexus does provide users with the QR code and download link for ZenGo in case you do not have any crypto wallets. SWIFT bank transfer orders have a minimum order amount of 1,000 USD, however.

Denied Services With Giving A Clear

On the one hand, that makes it easy to execute trades, but on the other hand, it leaves you vulnerable as you’re trusting the exchange with your cryptocurrency. In other words, storing your coins on an exchange is akin to depositing your funds in an unregulated, uninsured bank and hoping for the best.

When you buy Bitcoin from us, you send it to the cryptocurrency wallet of your own choice, putting you in control of your own funds. This means you don’t have to worry about someone else having access to your wallet’s private keys, or your funds being kept on an exchange’s hot wallet that’s susceptible to hacking. Additionally, we never store your credit card or bank account information. So, now that you have your crypto wallet you can buy Bitcoin and other cryptos with your credit or debit card, SEPA or SWIFT bank account, or Apple Pay.

Even though Tokenexus offers more advanced features and ways to earn free coins, these are worth little if you are not able to access them from your country of residence. The minimum transaction amount for orders to buy cryptocurrency on Tokenexus is 50 USD. For selling cryptocurrency, the smallest amount you can sell is the BTC or other crypto equivalent of 50 USD. Transaction limits reset based on your spending, and not on the first of the month. You can check your limits by logging into your account and selecting “limits”. While Tokenexus gives a merchant code to the card issuer when claiming your payments, they decide whether to apply cash advance fee.

Buy Order Fees

It also offers a simple mobile app for managing user accounts and making purchases on the go. Tokenexus has two sets of fees, one set for cryptocurrency buyers and another for sellers. Before we get down to details of the fees, let us point out that the exchange determines these based on the TradeBlock XBX index. The TradeBlock XBX index provides an average market rate for cryptocurrencies, bearing in mind that the crypto market comprises various providers, each with a unique rate. Tokenexus is an easy, and convenient way tobuy and sell cryptocurrencies instantly.

The most important element that springs to mind when it comes to selecting a crypto wallet is to do your research. By this we mean to find out what coins each wallet supports, familiarize yourself with social proof, and then sign up and download the wallets that suit your crypto trading needs. And a member of the Tokenexus verification team will assess your application and documents. The verification process typically takes cryptocurrency for beginners around fifteen minutes and after that, you can buy and sell Bitcoin and other cryptocurrencies on Tokenexus from the comfort of your own home. Nevertheless, you can still access Tokenexus’s services via most mobile browsers. With Tokenexus, purchasing cryptocurrencies is no more a daunting task. Here are the few steps that we found while making this review that makes the crypto buying process easier on such a platform.

For instance, some other exchanges offer discounts on trading fees but in order to qualify for the discount you first must purchase some of their exchange token. Crypto believer – The highest level of the Tokenexus loyalty program. At this level there is a 25% reduction in Tokenexus purchase fees. In order to qualify you must purchase more than $18,000 worth of crypto in any given 90 day period. Crypto enthusiast level – This is for any trader who purchases more than $5,000 worth of crypto in any given 90 day period.

Company Overview

Numerous crypto exchanges and trading platforms do not facilitate the sale of cryptos and withdrawal of fiat money. Tokenexus only supports the sale of Bitcoin, and not the other Tokenexus supported cryptos. Users may withdraw proceeds by bank transfer, https://tokenexus.exchange/ or by credit or debit card. (Tokenexus is planning to expand this beyond Bitcoin in the near-term, however). Secondly, Tokenexus does not offer crypto wallets, which are apps and devices that let users store and use their cryptocurrencies.

• It supports a small number of digital assets and doesn’t offer a dedicated crypto wallet.
• Tokenexus doesn’t support crypto-to-crypto trading, and users can only sell Bitcoin through this platform.
• The information goes a long way in helping the platform enforce safety measures and make things convenient for its users.
• Both Tokenexus and BlockFi are cryptocurrency exchanges allowing customers to buy and sell digital assets; however, there are some notable differences between the two platforms.

In addition to this, Tokenexus also offer credit and debit cards as deposit methods (VISA & Mastercard) and bank transfers (Faster Payments , Fedwire, SEPA, Sofort, and Swift). Tokenexus supports VISA and Mastercard, SEPA and bank transfers. For the last time, you need to confirm the address of the wallet that should receive the coins.

You always have the cash in your hands, so you don’t have to worry about entrusting your assets to Tokenexus. You will not lose any crypto if Tokenexus is hacked since it is always held in your personal hot or cold wallet. Tokenexus gives you access to ten of the world’s most popular cryptocurrencies. Bitcoin , Bitcoin Cash , Ethereum , Dogecoin , Cardano , Litecoin , Ripple , Tezos , Chainlink , and Uniswap are some of the most popular cryptocurrencies . When you buy a coin from Tokenexus, you apple pay for it and the currency is instantly sent to your wallet.

Bottom Line: Should You Use Tokenexus?

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. Tokenexus is designed like a cryptocurrency instant swap service where purchased digital assets can be bought and sold directly using a hardware wallet. This means funds is not stored on the platform which greatly reduces the risk of hackers stealing funds. The design and arrangement of the website are clearly orientated for beginners that are purchasing Bitcoin or other altcoins for the first time.

For transactions made by SEPA bank transfer, there is no additional fee. For transactions made by SWIFT bank transfer, there is a minimum fee of 20 GBP on orders below 1000 USD and no additional fee on orders above 1000 USD. Tokenexus is a global cryptocurrency marketplace founded in 2013, with an aim to make it quick and easy to purchase digital currency using fiat currency. Since its establishment, it has expanded to 190 countries and served over 3 million customers worldwide. Tokenexus allows you to buy crypto instantly, with the coins going directly to your personal wallet. Selling crypto is easy, even if you bought it on a different exchange, and your payment goes direct to your bank account. Tokenexus is safe, because it never holds customer funds or stores payment information.

Tokenexus accepts credit or debit cards that are issued by Visa or Mastercard. The company https://tokenexus.business/ now also accepts payments by bank transfer with 0% processing fees as well as Apple Pay.

Tokenexus Fees And Limits

We may receive commissions on purchases made from our chosen links. No, Tokenexus is not a wallet provider, so if you need a place to store your coins, you should check out some of the most recommended cryptocurrency wallets.