This is currently the most common case of cryptocurrency exchanges worldwide. However, investors should also be aware that there are many blockchain themed fraud schemes. Tokenexus is a modern service for accessing e-currency and cryptocurrency exchange markets. Tokenexus is a convenient and advantageous platform for trade, exchange of various currencies, which can be used by both experienced traders as well as beginners. A number of complaints have been found regarding the Tokenexus broker in the various online review sites. A low rating on several online platforms makes it clear that the broker has a negative reputation among the investors. The investors have accused them of being scam brokers and state how they have been victims of the Tokenexus scam and lost all their money and efforts to them.
This will tell you whether they are regulated by a central authority or if Tokenexus is an offshore and/or unregulated entity. Tokenexus is an online trading broker owned by MX Digital Ltd and located at Marshall Islands. There is no address for the company on the official web page. But the press release claims that the company is in London. The rating results published on Cointelligence are based on an independent rating system developed by the Cointelligence team.
The point of this Tokenexus review is to provide honest and transparent feedback of the platform. That being said, the platform is not regulated and does not comply with regulatory policies and trading standards. Even though Tokenexus is based in the UK it is not regulated by FCA. Without regulation there is a higher risk of potentially losing your funds. It also decreases the chances of an investor to potentially receive funds from insurance companies.
Tokenexus support team can be reach via live chat or email. Many Tokenexus reviews Tokenexus Review: Pros and Cons of Cryptocurrency Exchange state that they are relatively slow in their response although very helpful.
Unfortunately, the company does not offer bank wire transfer and credit cards options. cryptocurrency They want 50% to withdraw kick tokens, with a minimum of 50,000 tokens.
They Signed Me Up For Tokenexus Without
The genuine brokers that are operating in the market often require low deposits as high deposits are not in the favour of the regulatory bodies. Whereas, the Tokenexus broker tends to charge a huge deposit amount that is a major red flag to avoid moving further with your investment journey. The same criteria goes with leverage, as the leverage offered by legit firms is low and in small amounts. Whereas, the Tokenexus broker tends to offer high leverage, shaping it as a scam broker.
- There are a lot of brokers out there operating under fake company names or that have other fraudulent operations.
- However, the UK financial watchdog did not provide a definite regulation for the crypto-exchanges.
- Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns.
- Customer robot email support says they are working on the issue and will let us know when it is fixed.
- But, there are some reasons why we have tagged Tokenexus Broker Review in our list of scam brokers.
All my KIN coins I bought them in Tokenexus, I never had problems to withdraw them, the purchase and the withdrawal was practically instantaneous. The only thing I can complain about is the cost per transaction (10 k.) Out of that there are no complaints. I don’t really know about the Tokenexus exchange whether the support there responds quickly enough or not at least there is still a solution to withdraw the OP’s funds. If not then this is one of Tokenexus’s unprofessionalism. I have never used Tokenexus but there must be another Doge pair and you can exchange your Doge with another token and then withdraw your assets. Why only focusing on DOGE when Tokenexus is supporting many coins in their exchange.
Is This Your Company?
Investors should always remember that the scammers don’t have any right to take away their funds with illegal ways and hence, it is their responsibility to fight for it and get it back from the scammers. All Scam Reports Team is here to help you out in this situation of fund recovery. All you need to do is to fill a small complaint tokenexus reviews form and we will be in touch with you shortly with a Free consultation. Receive the latest news about our cryptocurrency education courses, events, and guides. We’ll never spam you or sell your information. Furthermore, Tokenexus has not had major hacks frequently recurring hacks as the crypto market has been developing.
Tokenexus is always doing that at different times, preventing investors from withdrawing their crypto assets. I have stopped using the exchange for a long time when there is another better option. I tried to exchange my coins into another one and both of them are supported by it. Tried to contact their customer support, filed a ticket and they responded once. I didn’t got the coins that I want and at the same time, they didn’t refund me so they got my coins. After what happened, I will not use it again.
- It supports fiat currencies such as USD, Rubies, and Euro.
- Genraly any exchange Disable any token withdrawal to work for System Maintance.
- The buy went through yesterday after a 3 day wait, but the withdrawal went without a hitch this morning.
- My first trade with this exchange is very smooth and lesser hassle too.
- If still not working and all other wallets are also disabled, then it’s now suspicious.
- This sometimes leads people to ignore the harmful effect of the online world.
- Like any other online service, the reputation of an exchange is very important when it comes to looking for a reliable one to work with.
You also withdrwal your token other ways like you sell you doge token and buy TRX then you withdrwal all fund . They currently have 83 coins/tokens listed as not available. There are 55 coins in maintenance that if you have coins in you have no access to them. Yet they continue to add new offering to the exchange. I have made well over 100 support tickets to get them to take my coins out of maintenance so I can remove the coins from this exchange. They only respond with the same comments over and over It has now been 5 months and now they just ignore me. SHARE THIS WITH EVERYONE. No support and you will lose your coins.
Worst Crypto Exchange Ever
Tokenexus is a UK based cryptocurrency exchange that launched in October 2015 and currently accommodates more than 280,000 users on its platform. The platform is multifunctional in that it not only provides the typical trading services, but it gives its users a other useful services to indulge in. Other services that Tokenexus provides include; a lending platform that users can enjoy, an e-wallet for users to store their multiple digital currencies as well as payment services. Tokenexus review – compared to most cryptocurrency exchanges this exchange is multifunctional with more to offer than just cryptocurrency trading services and this is why it is worth reviewing. Like any other online service, the reputation of an exchange is very important when it comes to looking for a reliable one to work with. Therefore, this in-depth Tokenexus review will provide you with enough information to help decide whether you can rely on Tokenexus exchange to fulfil all your trading needs or not.
Tokenexus is a London based exchange with a wide range of cryptocurrencies traded with reasonable trading fees. Tokenexus charges a 0.25% fee per trade to both its buyers and sellers. While there are no deposit fees, withdrawal fees apply and vary depending on the currency you wish to withdraw. Moving forward, there are good and bad experiences that users deal with in that exchange. To OP, if DOGE withdrawals are not that priority, trading it to other assets can be considered.
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More Info About Trading Scams:
The regulation status of a broker is one of the most critical points while choosing the right broker. Here, with Tokenexus broker, it seems not to be regulated in its jurisdiction of operation and is indulged in scam activities. There is a high possibility that Tokenexus has been warned by reputed regulation authorities like CySec, ASIC, FCA, CNMV, FINMA, etc.
Worst scam exchange, high rates, high minimum for withdrawals, full of scam coins, an interface from 1995. Literally any exchange is better than this scam. After conducting some research on various social media platforms , as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with Tokenexus. Based on this user feedback, it appears that Tokenexus is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform. The buy went through yesterday after a 3 day wait, but the withdrawal went without a hitch this morning. Mins you after last nights shutdown, I probably wont be using them again.
Cryptocurrencies Supported On Tokenexus
One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too. Highway Media Group would like to remind you that the data contained in this website is not necessarily real-time nor accurate. It supports fiat currencies such as USD, Rubies, and Euro. But, it doesn’t have a mobile trading application, has low trading volumes as well as liquidity.
The era of the internet has made people habitual of getting the benefits at the earliest. This sometimes leads people to ignore the harmful effect of the online world. There are so many online platforms that enable you to gain endless information and profits from them. One such platform to earn a higher yield is Forex trading. A number of investors whether new or experienced, with little or no knowledge, are curious and trying their hands on trading, without realizing the genuineness of the trading platforms and trading market. These brokers have a unique yet common way of finding their victims either through cold calling, creating fake websites, or a pop-up advertisement.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Yes, this exchange is crap, basically, if you put any money in, you will get zero out.
Commissions And Fees
Trading or investing in cryptocurrencies carries with it potential risks. Every exchange has a unique dashboard and trading view and it is up to the use to really decide which one works best for them. However, you will find that most trading views are the same in certain this such as the visibility of the order book, price charts of selected cryptocurrencies as well as the order history. Generally, all views usually have buy and sell boxes as well. The Tokenexus trading view is pretty much the same as the typical trading view, it is pretty simple and straightforward, very easy to navigate. In a nutshell when choosing your exchange make sure to see the trading view as well so that you make sure that it is right for you. I would trade them for any other crypto that is withdrawable at the moment and withdraw out of that exchange fast.
They Are Definitely A Scam!
Tokenexus is a cryptocurrencies exchange that combines automated trading, payment service, peer-to-peer sharing based on smart contracts. I deposited a token in this exchange 2 years ago. I put a sale order because the price of the token dropped and I forgot about it because it didn’t sell for a long time. Then a few days ago I suddenly logged in to this exchange and saw that I have $450 BTC in my cryptocurrency for beginners account. If you cannot withdraw Dogecoin, you can withdraw it by converting it to another coin. “The press release was not well proof-read and does not appear to be composed by a native English speaker. Also, it’s short on “features” — most are buzzwords and no connection to “benefits” — most suspicious is the claim “all the world banks, payment systems, virtual, gaming, cryptocurrency and more”.
How Online Trading Scams Work
They’ve started the crowdsale in order to raise funds to finance the marketing strategy and further development of the platform. During this round, they are distributing 5% of platform tokens. The crowdsale will continue crypto wallet vs exchange for 30 days – until December 20, 2016. Tokenexus claim that they’ve completed the first stage of the platform development and launched a beta version. They say that beta testing will last approximately 2 months.