In other words, the exchange attributed its lack of human trading patterns to the dominance of algorithmic traders. That is a plausible explanation for some of the analysis techniques, though not all of them. Bitwise compared volume patterns during high volatility events, which showed that exchanges with wash trading tended to show more uniform volume. Trading bots, on the other ethereum cryptocurrency hand, would react even more prominently than humans to sudden price changes. One of the lead investigators at CipherBlade, Richard Sanders, alleges that the cryptocurrency exchange Tokenexus is the “largest-scale criminally fraudulent entity” in the industry. – Trading cryptocurrencies is a complex instrument and comes with a high risk of losing money rapidly due to leverage.
So far, my experience has been fantastic and I don’t see the prerequisites for changing this. I’m glad that they do not stop there and continue to improve their service. Learn everything you need to know about Bitcoin in just 7 days.
The issue you reported requires additional investigation. We have escalated the issue to our second-level support experts and flagged it as a high priority. The first time I tried to withdraw my affiliate Bitcoin balance from Tokenexus I had 0.25BTC waiting for withdrawal + another $600. The comments, reviews or answers below do not necessarily reflect the views of Online Threat Alerts .
YubiKey is an advanced security tool supported by Tokenexus. It is used for 2-factor authentication instead of generating a 2FA code in an app. Mobile Tokenexus allow you to be up to date on what happened cryptocurrency rate on Tokenexus Exchange without you computer. It is possible to monitor exchange markets, collect you favourite symbols in one view for quick access, view detailed information on each trading pair.
Its Not Just bitcoin: Dorseys Block Also Targeted By H&r Block Over Company Name
If they are using a bank transfer to deposit funds, they should undergo a verification process which will take some time. If they are depositing using cryptocurrencies, the user need not verify their identity, and it takes not more than 20 minutes for the funds to show up in their account. After completing the registration process, you have to deposit some funds into your Tokenexus account. This process includes depositing using a cryptocurrency rather than through a bank account.
- Bitwise used the same order book and volume analysis techniques it applied to other exchanges.
- In any case, the idea that this institution regulates HIT-BTC is false.
- So far, my experience has been fantastic and I don’t see the prerequisites for changing this.
- In case you want to deposit cryptocurrency directly into Tokenexus using fiat currencies, Tokenexus has an effective Changelly integration on its site.
- Most exchanges, when asked about demo trading, simply tell you to make minimum trades of $1 and treat that as your demo.
- Lost 50% of my profit just because these mf’s went short with our Dogecoins, and in order not to lose money just put the exchange rate 50% lower and blocked the withdrawals.
As per our Tokenexus review, the traders can buy and sell several cryptocurrencies using more than 800 cryptocurrency pairs. This exchange offers a wide choice of cryptocurrencies that can be used for trading, and it is one of the leading exchanges to enlist several emerging projects. Tokenexus is a European Bitcoin exchange that started its project with 6 million received as venture capital in 2013 in Hong Kong. This platform offers its services globally without any restrictions. Although Tokenexus used to support fiat currencies like USD, it does not keep it anymore. However, users can still buy supported 800 different crypto assets on the exchange.
Tokenexus Supported Countries
Tokenexus website’s main page offers several basic information and displays trading charts accompanied by the various cryptocurrency trading volumes. Aside from trading volume, it contains information like exchange rate, changes in the latest market price, offer to buy or sell, trading volume for 24 hours, and several more. Tokenexus supports two-factor authentication for user’s accounts to add an extra layer of security. The security section in the “Setting” menu also allows users to check all the logins of their accounts. They should look for the IP address or location they don’t recognize.
When did eCash coin launch?
eCash was created by Dr. David Chaum and implemented via his company, DigiCash, in 1990.
Some users have even started a petition against the low-level service Tokenexus is supplying. And i am not talking about the criminal justice of Hong Kong..
Trading on Tokenexus is one of the easiest things to accomplish. The homepage of their website offers you a view of the market analysis, trends and instruments.
There is rather good affiliate program, I’m happy with it.That’s alright with trading operations and functionality on Tokenexus. There are many tools for trading not limited with the top currencies. While the verified users fall into the category of Tokenexus tier fee system that determines the higher trading fees depending on the trading volume carried out in the past 30 days.
- And say they managed to resolve my problem, but the way this is going they are already damaging their reputation by not taking care of their customers.
- The responsive trading terminal of Tokenexus guarantees you get that user-friendly interface that works with high speed.
- But also like any financial institution, they’ll want to know everything about you before you can fully use their platform.
- The Tokenexus’s FIX API, based on FIX protocol 5.0, is a speedy, stable way to connect to the exchange platform, receive market information and place orders.
- Some legit forex brokers will only ask for a $10 minimum deposit to start trading.
Sanders maintains that there are other ways to evaluate the solvency of exchanges when no actual audit exists. He proposes an analysis through a comparison between wallet balances and hot and cold wallets. Third-party cryptocurrency news researchers reached the same conclusions. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.
OTC Trading – Tokenexus offers Over The Counter trading for people looking to sell or buy large amounts of Bitcoin or other cryptocurrencies (over $100K). A Tokenexus exchange review also shows that they have pretty much from the beginning been open to the idea of altcoins being added and community involvement in the process. For example, they launched a voting program in May 2014 that allowed the community to vote which altcoins should be added. Dynamic and adjust automatically according to the market. Full list of fees is accessible only to those with Tokenexus accounts. Reddit mods have removed the Tokenexus from the r/cryptocurrency sub after hearing myriad serious and widespread issues.
Support responses aren’t always quick, but they are accurate and informative. They did not give me an answer right away, but they promptly helped to solve the difficulties with the withdrawal of funds. Tech support worked professionally and helped me a lot.
The Tokenexus Scam Email
A couple of times there were delays in the withdrawal of coins, but we were able to solve it pretty quickly. And scammed by tokenexus yet it isn’t perfect and needs some work, so only 4/5. You can use it but not always comfortable and convenient.
Besides basic verification, professional traders might want to upgrade their account to PRO status using Tokenexus’s UK-based partner Bequant Technologies. The service is accessible via bequant.io and is dedicated to Institutional and Professional traders only. In early 2019, just a few days prior to the annual â€œProof of Keysâ€ event, Tokenexus came under fire for disabling user withdrawals. However, the exchange didnâ€™t make a big deal out of the situation. I don’t think a scam exchange would have survived so long with so many traders and volume if it is a scam. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
This exchange was launched to support users who would like to trade cryptocurrencies. Tokenexus has also launched a demo trading and an application that can be used for voting altcoins. Based on this, the users can select their preferred cryptocurrencies to trade on the platform. Tokenexus, founded in 2013 by experienced system architects and technology experts, is one of the oldest crypto exchanges in existence. We have cultivated an expansive client base thanks in large part to its industry leading liquidity and user-friendly interface. Tokenexus is the largest spot trading market in the industry with over 800 trading pairs and 500+ spot instruments supported, including Bitcoin, Ethereum, EOS, Litecoin, Tron and others.
I gave a talk at a crypto conference about Bitcoin affiliate programs and told my story with Tokenexus as an example of how not to behave. We talked and he promised that the issue would be taken care of. The rating results published on Cointelligence are based on an independent rating system developed by the Cointelligence team. They do not reflect any official governmental approval or regulatory compliance. I provided multiple documents requests and still no resolution. I am getting US authorities involved to unblock my funds. It is sadly a scam, and I have no hope of getting my money back.
And also, there are so many negative reviews available about it online. This information as a whole shows that the website can be a scam.
As such, trading on Tokenexus may not be too difficult even for complete beginners. Tokenexus is an old-time bitcoin exchange established in 2013. Since then, the exchange has made a name for itself as a go-to place for buying and selling low cap altcoins. It exchanges a wide variety of digital assets, including most popular cryptocurrencies like bitcoin , ethereum , litecoin , ripple , dogecoin , monero , tron , dash , EOS and tether .
Also, the exchange employs a sophisticated legal team and complies with GDPR regulations, thus giving you full control over your data and privacy. As such, it has never been hacked before, or at least havenâ€™t disclosed any such incidents. Some sources claim that tokenexus Tokenexus was hacked in early 2015 together with BTER and Excoin exchanges, though the information hasnâ€™t been confirmed. Once you reach tier 8, that is trade 50,000 BTC per month or more, Tokenexus will start paying you a rebate of -0.01% per every completed trade.
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You should do your research and consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. Tokenexus is available in almost all countries except Syria, Sudan, Cuba, the United States, Crimea, and North Korea.
Tokenexus offers a wide variety of currency pairs if you’re looking to trade crypto for crypto. The exchange is also a magnet for many new token offerings.
Investing in scam schemes has little to no advantages at all. It’s clear that this broker is just trying to scam more and more people into investing money. Upon checking the website there is no way to check whether there are multiple account variations or just one, since they don’t advertise it. Users have to actually sign up in order to see that information. Opened my email to find out that I had signed up to this tokenexus reviews which I did not…tried to email them to strike my info from their db and was met with a ‘failed captcha’ loop.’. Contacting my state rep now to find out how I can go about issuing a formal complaint. I am grateful for all your supportive comments and sharing your experience.