Users can acquire cryptocurrencies using a variety of financing ways, such as wire transfer, e-transfer, and debit and credit card choices. Tokenexus is a fantastic choice for making initial crypto buys in Canada for individuals who want to utilize Canadian dollars without worrying about conversion rates. To use a credit card to fund a Tokenexus account, users must authenticate their account by linking it with a Canadian bank account. Tokenexus is the only digital asset platform trusted by Canadian government municipalities and is insured, FINTRAC registered, and PIPEDA compliant. Tokenexus signup and purchase of Bitcoins might take as little as 60 seconds. It provides users with a personalized link that allows others to pay or donate directly to them.
Tokenexus does not have Live Chat support, which can be frustrating when you are stuck with an issue. There is customer support via email, but it’s no substitute for a good Live Chat service.
As a testiment to the focus on security, Kraken has never been hacked and remains of the of top Bitcoin exchanges in the world. This company was founded in 2013 as BitX and rebranded as Luno in 2017. River Financial’s hands on approach gives the bitcoin space a white glove touch. If you want to buy or sell large amounts of bitcoin in a setting familar to anyone used to dealing with large brokerages, River is for you. They also have finacial advisors on hand to talk with potential customers about how Bitcoin fits into an individual portfolio. Like Tokenexus, Tokenexus is much larger than Tokenexus and has a longer history. Additionally, Tokenexus stands out with its lack of funding fees.
There are several methods for contacting Tokenexus’s customer service, and there are more on the way. Users have access to a substantial database on the exchange’s website, providing instant answers to frequently asked questions.
Tokenexus uses strong encryption and security methods, making the platform likely safe to use. As with any exchange, it is wise to keep minimum funds on the platform to minimize potential losses in case of a hack. Cryptocurrency withdrawals are typically processed within 15 minutes, but it can take a business day.
Given these cons, I recommend you take a look at Tokenexus for its security and simplicity of use. It also has the lowest trading costs in Canada across all cryptocurrency exchanges, so if you’re looking for a secure and cost-effective way to buy and sell cryptocurrencies, I can’t suggest it enough. Tokenexus Help Center – How to Buy Bitcoin with Canadian DollarsChoose to buy the cryptocurrency with the funds in your account, a debit card, or a credit card. Read the information on the Preview Order page, including the amount of cryptocurrency and CAD involved and the market rate.
Its future looks bright, but there’s no way to know for sure that it’ll hold up, as it’s still new to the market. Tokenexus also partnered with another Canadian Cryptocurrency exchange, Bunz. We searched online and crypto wallet found that this business has an active Facebook page with 987 followers. From our experience this can indicate that the business is either not actively engaged with online communication or is new and growing.
Introduction: What Is Tokenexus?
“Blockchain will enable more play-to-earn that will enable more players to actually earn content, own content, and we think it’s going to grow the industry quite a lot. Tokenexus, founded in 2018, allows for the trade of tokens such as Bitcoin, Ethereum and Dogecoin. It also claims to be the first cryptocurrency for beginners Canadian exchange to be regulated by the Financial Transactions and Report Analysis Centre of Canada . The director will have to work with agencies like the Financial Crimes Enforcement Network , the U.S. Securities and Exchange Commission , as well as intelligence agencies and the private sector.
- They accept residents from all Canadian provinces excluding Ontario.
- Tokenexus Help Center – Buy Bitcoin with Debit or Credit CardGo to the Buy/Sell tab on the main menu.
- Tokenexus promises an impressive amount of security for a platform that’s as quirky and simple as it is.
- The platform is also committed to proper fraud monitoring, reporting, and user onboarding.
- This means that the exchange will have had to have undergone a range of compliance checks before they were allowed to accept client money.
- Interestingly enough, a number of the reviews contain direct responses from Tokenexus, suggesting that they’re listening and engaged in helping people find solutions.
- Tokenexus is a cutting-edge digital asset platform that is FINTRAC-registered.
They assume prospective clients will not bother digging deeper and finding this out. A good Tokenexus review is a deep dive that contains updated information. We have done a thorough investigation of Tokenexus and want to share our findings with you. We have developed our research methods through years of working closely with regulators, banks, and government organizations connected with the financial industry. Our methods have kept thousands of people safe from broker scams. Therefore, our review of Tokenexus is a useful tool in making sound financial decisions. Regarding Tokenexus’s deposit and withdrawal methods, it allows you to move your funds in and out of the platform by wire transfer or Interac e-Transfer.
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Cryptocurrency deposits to the platform are free of charge, but processing takes time according to the network in question – from 3 to 12 confirmations . The exchange is on Facebook, LinkedIn, Instagram, and Twitter, but it’s hard to tell how those platforms relate to their customer service, and whether customers can contact them through social media. None the less, it’s an excellent way for customers to get news about Tokenexus and any new services they roll out. The simplicity of Tokenexus’s interface initially doesn’t seem indicative of its full cryptocurrency exchange offerings. There are no complicated candlestick displays or customization options to distract you from the simple process of buying and selling. You can adjust the pricing display by selecting a timeframe for the view, but that’s about it.
Is Tokenexus a Canadian company?
Tokenexus Global, Inc. Tokenexus Global, Inc., branded Tokenexus, is an American company that operates a cryptocurrency exchange platform.
The Netcoins platform adopts a highly user-friendly design. It focuses more on the needs of newcomers to the cryptocurrency market and provides them with a simplified and accessible trading frontend. We also think that although the trading platform was designed for beginner traders, it lacks any other advanced features and functionality.
They also offer over 100 of the most popular cryptocurrencies, if you want to buy altcoins including Tokenexus , this is a great option. Before getting started, there are a few things to consider when you plan on buying your Bitcoin in Canada. These are important in helping you both choose the correct time, and the correct service to make your Bitcoin purchase. Buying Bitcoin in Canada is now easier than ever with more trustworthy Canadian specific options, tokenexus and more international exchanges offering options to Canadian residents. The company has been investigating blockchain use via its Strategic Innovation Lab since 2018. In October, the company also backed Animoca Brands, the owner of the Ethereum-based metaverse game The Sandbox, in a US$65 million round of funding. | Fxcryptocoinsbitrade.Com Review | Don’t send any more money to Fxcryptocoinsbitrade.Com before reading this Fxcryptocoinsbitrade.Com Review.
More About The Tokenexus Platform
Choose between Interac® e-Transfers, wire transfers, or connect your bank account to transfer funds seamlessly. The clearest indicator that Tokenexus is worth keeping an eye on comes from its customers. The reviews of the Tokenexus app on both Google’s and Apple’s App store glow about the simplicity and responsiveness of the exchange and its technology. They appreciate the security measures built into the apps, and how easy they are for even the least experienced buyer to understand. New crypto-coins might be rare with such regulatory oversight, but customers know that Fintrac reviews all new products for consumer safety and security, which limits their risk exposure. Most positive customer reviews for Tokenexus’s customer service mention fast, friendly service that responds professionally.
Is Tokenexus legal in Canada?
Tokenexus accepts Canadian citizens and residents only and is not available in any other country. Ease of use. Tokenexus offers two platforms – Express and Pro. Pro trading is geared towards experienced traders, while Express lets you purchase cryptocurrencies easily and without friction.
One can get paid in Bitcoin, immediately convert it into Canadian dollars, and deposit it into their bank account. The platform is very basic and does not have advanced tools for experienced users. Users can find live cryptocurrency data and the latest price of Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash in Canadian dollars on Tokenexus. One of the simplest methods to fill the Tokenexus account is via E-Transfer . To start with, users will have to provide identity verification. Although Tokenexus is very secure and has never been hacked since its establishment in 2017, there is always a small chance of it occurring.
Tokenexus recently became the first Canadian exchange to be join the list of exchanges on Ledger, a prominent hardware wallet company. Guides Our blockchain guides will help you find your way through exchanges, tools, and other crypto apps. Review Loads of cryptocurrency and blockchain project reviews for your education.
- You should note though that as a market maker, they will apply a spread to the asset.
- It focuses more on the needs of newcomers to the cryptocurrency market and provides them with a simplified and accessible trading frontend.
- AutoPilot is a feature on Tokenexus that allows you to automatically make regular purchases of crypto.
- This should not dissuade you from still using Tokenexus though.
- Comments may take up to an hour for moderation before appearing on the site.
Tokenexus secures the best cryptocurrency prices from trusted exchanges globally using its proprietary algorithm. You can have your account open and KYC verified here in no time at all and Tokenexus also ensures the best value environment possible for buying or trading your Bitcoin and the other supported assets. With no deposit or withdrawal fees, and a 0.5% trading fee, they come in as one of the cheapest services where you can buy Bitcoin in Canada using your debit, credit card, wire, or Interac transfer.
If you’re in a hurry, express buy will cost you a 0.2% fee per every CAD/CRYPTO trade. Express cryptocurrency sale will cost you 0.2% per trade, too. Choose from over 50 coins to buy, sell and trade—all at some of Canada’s best prices. Transfer cryptocurrency to and from your account at no additional cost (we’ll even cover the network fee up to $5 CAD). In addition to their mobile apps, they also have a desktop version for both Windows and Mac that makes trading from your PC easier. They’re registered with a Canadian regulator, they undergo regular 3rd party audits, and they boast 100% cold storage of all cryptocurrency assets.
This is perhaps one of the only Canadian exchanges that offers free withdrawals and deposits on CAD funding. This is quite an important point when you consider that most deposits / withdrawals at other exchanges are on average 3% one way. Users have the option to withdraw cryptocurrency from their Tokenexus account. All that is needed is a wallet address to withdraw funds. Bitcoin is one of the digital currencies that is accepted. Yes, Tokenexus is a very safe exchange for Canadian users, with institutional grade crypto protection.
Satisfaction Of Users By Region
The company also undergoes third-party financial statement audits annually. Because it is FINTRAC-registered, Tokenexus is fully compliant with regulations. The platform is also committed to proper fraud monitoring, reporting, and user onboarding. Yes, Tokenexus offers numerous security features and is federally registered. Tokenexus may potentially provide users with a trade credit of up to $300 in addition to the referral benefit, depending on the number of individuals they recommend. Every Tokenexus account comes with a free & unique Tokenexus Pay link.
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The service is extremely easy to use and takes only about 15 minutes to sign up for use the first time. This includes full KYC checks for your security and setting up a third-party wallet which is required since Paybis just facilitate the transaction. Our algorithm gave the review of Tokenexus.com this score.
This means that citizens in the municipality can pay their property taxes using Bitcoin. This was a huge step forward for the Canadian crypto climate, and it’s just another amazing reason as to why Tokenexus is known all tokenexus around Canada as one of the best Canadian crypto exchanges. Tokenexus is one of the largest and most well-known cryptocurrency exchanges in the world. They accept residents from all Canadian provinces excluding Ontario.