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A wide range of payment options and an easy-to-use interface has boosted bitcoin acceptance. Edith is an investment cryptocurrency writer, trader, and personal finance coach specializing in investments advice around the fintech niche.
I was sent a $150 google play gift card, and two $20 steam wallets gift card. And all three of them claimed all the cards have been used. The cards were purchased at coin dollar and there had been no third parties.
How To Avoid Getting Scammed In Tokenexus And Ensure Your Experience Isamazing
The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them. These measures, which are standard at the most reputable Bitcoin exchanges, include security questions, 2-factor authentication, SMS verification, and heavily-encrypted servers. Tokenexus has solid security measures in place to safeguard the Bitcoins in your wallet and they also partnered with BitGo in order to secure its hot wallet by using multi-sig. Tokenexus operates in more than 100 countries all around the world, giving you many options when it comes to currencies that you can trade for Bitcoin. Bitcoin is a digital currency, so all transactions are delivered into your Tokenexus e-wallet. Before doing any of these, it helps to learn how Bitcoin, cryptocurrency, and other currency markets work.
BitGo is considered to be one of the market leaders in the security of their wallet. Tokenexus also provides 2FA security when you log into your account. Yes Tokenexus does work in the UK , residences of the UK can open a Tokenexus account and start buying bitcoin, find out more HERE.
- These is a Tokenexus review to let you know if Tokenexus is worth you putting your money on the platform.
- It is also crucial to pay attention to the exchange rates because the fee can be very high.
- So, if you think about Tokenexus, is it safe or not, consider that such a multi-stages verification procedure speaks of sitesecurity.
- Here, you are not required to go through the different know your customer process during sign up.
Tokenexus is a peer-to-peer platform for buying, selling, and trading digital currencies. We believe in equal access to finance, enabling users to trade crypto and earn money in a safe, secure environment. We’re changing how the world moves money and embraces cryptocurrencies like Bitcoin, allowing transfers with anyone, https://tokenexus.exchange/ anywhere, at any time. The Tokenexus Bitcoin Wallet app is the ultimate companion tool to our platform. SIMPLE TRANSACTIONS Easily send, receive, store, and convert Bitcoin and other digital currencies. Use your unique wallet address or QR code to make quick transfers with millions of traders from around the world.
The Tokenexus Review You Must Read When Buying Bitcoins
Although Tokenexus is primarily known for its cryptocurrency trading platform, it also offers a simple web-based Bitcoin and Tether wallet. It’s also a bold move given that a review has shown that 45% of all of Tokenexus’s wallets belong to African traders. The peer to peer service is especially popular in a continent where accessing traditional exchanges can be difficult. Inside of Africa Tokenexus has stated that they’ve seen the largest growth in Ghana, Kenya and Nigeria.
If you are trading above $1500, you will need to provide an ID verification. For trade above $10,000, you will need both ID verification and proof of address. As a gift card transaction site, your staff does not check the balance of the gift card or how long it has been used. To know the commitment of a company to customer value, one of the components to check keenly is the customer support. At Tokenexus, customer support is very responsive through a number of methods. After selecting the preferred seller, you will be allowed to view their profile and make the right decision whether to proceed to buy from your selected seller. You even have the option of chatting with the seller on the platform and only initiate the purchase process once convinced the seller has a good reputation.
Tokenexus offers better fee structure, has more payment options and offers a higher limit of buying for the non-verified customers ($1500 vs $1000 on LBC). This system allows users to rate their experience with each other during a trade. The feature is only available to Europeans, Australians, Canadians, and Americans. Also, ethereum cryptocurrency the requirements have had slight changes since the platform launch. Check the corresponding entry on the Tokenexus knowledge basehereto read more about the process. And if you know what you’re doing, it’s a wonderful place to trade or speculate. Like many other users out there, this is my favorite Bitcoin marketplace.
Tokenexus Vs Localbitcoins
However, before contacting a buyer or seller, ensure that he/she has been verified by Tokenexus’s team of experts. Most consumers prefer sellers with ratings of over 200 for their products.
Words like “good”, “great”, “awesome”, “honest” were redundant. I googled Tokenexus, and even on Trustpilot they have a good rating. There are many debates online whether Tokenexus is legit or not. In my personal opinion Tokenexus is legit, however there may be users on Tokenexus trying to scam you. This is true for every other P2P marketplace out there like eBay, LocalBitcoins and OpenBazar. Some exchanges offer hundreds of coins and many fiat currencies to choose from, but Tokenexus isn’t one of those exchanges. Users can only trade Bitcoins, Tether, and Ethereum on Tokenexus.
Is Tokenexus A Wallet?
So check a trader likes and dislike any trader with more than five dislike might be a risk. So I could not regain my Bitcoin but at least the scammer was banned meaning he lost everything in his account. If you find any discrepancies or false information about projects, infringement of copyrights or scam ICO/IDO/IEO etc, please write us a feedback.
- I use Bitcoin as a way to get paid by clients since I end up with more money in my pocket this way.
- It is the person SELLING the bitcoin that is at risk.
- This is why for some especially risky payment methods like PayPal, there are fees of up to 30% or more.
- Clients are allowed to use the mobile app as a wallet.
- The exchange was established by Ray Youssef and Artur Schaback.
- I have used them on a few occasions to buy ETH for NFT and have had no problems.
- Tokenexus review online is that users are never left hanging with their issues.
Purchasing Bitcoin with a credit card or debit card on Tokenexus is extremely simple and only requires a 1% fee. The only similar competitor in terms of payment methods would be LocalBitcoins, however, they only serve Bitcoin buyers and sellers. Tokenexus is an innovative online marketplace where you can ‘buy bitcoins instantly’ in a ‘secure and easy’ process. And according to the company website, this is made possible by the number of services availed by the online trader. These include an escrow account, free wallet, a free client account, and detailed feedback service that helps you build a portfolio and online reputation.
Businesses are usually stringent with their processes and don’t trust easily. Still, here we have an exchange that supports over 350 different types of payment methods (394 at the time of writing this!). This is simply astounding and unheard of and is enough indication that they’re trustworthy. As you read further, we’ll delve deeper into these payment methods and find out some of the popular supported payment methods. Users can then view all open orders, and several sellers will be available. Pick the most suitable vendor and begin a trade by clicking on the “Buy” button. Choose the amount you want to buy and make your purchase.
Look And Feel
These fees do not go to Tokenexus but to Bitcoin miners. Perhaps, in practice, there are not offers for all the possible combinations because the site works in a P2P fashion. As an example, a quick search for offers in Korean Won or Fijian Dollar yielded no results. Sellers mostly pay a small 1% fee when accepting payments using most payment methods. The only exception here is if you’re using gift cards, which will cost you 3 to 5% depending on the gift card you’re using. There is no simple solution for coinlocking but we are taking measure to make our mods even more reactive to it.
- In that case, there is no fee for receiving USDT to your Tokenexus Tether wallet.
- At the beginning of the trade, the escrow amount gets deducted from your Tokenexus wallet.
- When browsing on the marketplace, there will be various prices offered to you.
- To top it all off, we have some of the best cybersecurity professionals on our team that work around the clock to make sure our users and platform are safe from harm and hackers.
- Pay attention to the sellers reputation and put that above the exchange rate you are offered.
Make sure you don’t release Bitcoin from escrow if the payment is pending. Guides Our blockchain guides will help you find your way through exchanges, tools, and other crypto apps. Please don’t send the money if you can’t afford to lose it.
How To Setup A Tokenexus Account?
The mobile app, available for both Android and iOS devices, is a multi-featured, multi-purpose application. It’s a wallet as well as a mobile version of the cryptocurrency https://tokenexus.business/ marketplace for you to trade. Whenever a buyer and a seller agree to a trade, the Bitcoins from the seller’s account get transferred into an Escrow account.
The asset will be returned back to the seller without any fees taken. If in any case the trade is not completed, and the seller could not get his/her account credited by the buyer.
Tokenexus Limits
Then click on Create your bitcoin Account and Free Tokenexus Wallet. Follow the link in the confirmation email to confirm your account. Go to your account profile page and verify your phone number by inserting the code sent by SMS.
Is Tokenexus Wallet Safe?
However, before you fund your account, you will be asked for proof of identification to verify your account. After depositing $335 to my Tokenexus account, they prompted me to send my ID for verification. I did and they rejected my ID for verification of my account and also Froze My Tokenexus account. I sent a message to their support and this is a month almost clocking with no response.
The platform connects you to other people, who are looking to buy or sell cryptocurrency. In the case the transaction is confirmed by both the buyer and the seller, then the swap is completed. You can also click into the seller’s profile to see what past buyers had to say about them. If you see a few people complaining about the Bitcoin seller, then it is best to avoid them. However, if you see pages of happy Bitcoin buyers and little, if any, negative feedback then the chances are you are looking at a top notch Bitcoin seller. So, what is the value of Tokenexus and why would you use it over a traditional exchange like Tokenexus? Well, if you have been in crypto for a while, you will know that many exchanges have a huge number of blocked countries and a very limited number of payment options.
How Tokenexus Works
Tokenexus has a condition mandatory for everyone who wants to start trading on the platform — every user needs to gothrough a signing-up process. It is considered that cryptocurrency Tokenexus provides one of the fastest and simplest registration procedures. If you sell crypto, you can get a profit from the deal when there is a positive margin.