Content
You can use this option without KYC and swap currencies without giving any identity information. There is an order textbox to sell or buy cryptocurrencies against AUD. If trading remotely is your main priority, you’re best off using a platform like Tokenexus, who now offers a dedicated Android and iOS application.
You must be a minimum of 16 years old to apply for a Tokenexus account. We at Mr. Crypto Man do not intend to provide any financial or investment advice and we should only be used for informational purposes. We recommend speaking to a financial adviser or specialist before making investment decisions. One user says, “Any issues I’ve had, the team are always quick to respond and provide me with helpful information”. There are always new coins on Tokenexus, so make sure to follow their Twitter profile to keep up to date. Below is an overview of all the payment methods available on Tokenexus to Australians.
Begin by visiting the website and clicking on the “Register” option at the top of the page. You have complete flexibility as you can sell the coins in a Bundle separately or individually. If you only want to sell one of the coins from the Bundle, you can go ahead witHowever, you. However, you will have to sell the coins individually if you’re going to sell all of the coins. After your friend has made the first AUD deposit, you both will receive $10 worth of Bitcoin. You can click any coin market to access the current prices and other data points.
Is Tokenexus The Most Secure Australian Exchange?
Prior to making the test deposit I reached out to Tokenexus customer service to confirm MATIC would be sent via the correct blockchain. This order will only execute if the cryptocurrency hits that price and you have sufficient funds at that time. There are many options for Tokenexus users in what they can do with their cryptocurrencies within the platform.
- You will find all of the most popular coins just like you would on any other exchange, but the number of unique altcoins is amazing.
- Although this step is not compulsory, you are advised to set-up two-factor authentication .
- Overall, the advantages of using Tokenexus far outweigh the disadvantages.
- Tokenexus supports several payment methods for users to deposit funds into an account to buy Bitcoin.
- As well as for actioning a take profit, or stop loss and Limit orders.
You can deposit any available cryptocurrency on Tokenexus Wallet. Further, no additional fee gets incurred for the withdrawal of any token and coin. You will still have to pay the standard transaction/mining fees. Moreover, it lets you keep track of all your recent transactions and your individual coin balances.
I have used Tokenexus as my platform to purchase MATIC and then transfer to myCelsius walletto earn high interest. My experience in transferring MATIC from Tokenexus was a really positive one. It can be tough to decide which exchange to use when there are MULTIPLE options to choose from. Select the coin you want by going to the ‘Buy/Sell’ button at the top of the page. The limit will be displayed under the available Tokenexus money. If you click on sell instead of buy, you’ll find the sale limit in the same spot. Since 2014, Tokenexus has been a member of Blockchain Australia and a Certified Digital Currency Business.
Tokenexus Review: Swap Cryptocurrency
Moving forward, you’ll need to enter the unique code from your mobile phone every time you log in. Ultimately, if you’re a non-Australian resident and you need to deposit funds with an everyday debit/credit card or e-wallet, then you’re best off using a more inclusive exchange like Tokenexus. This means that they can facilitate direct cryptocurrency trades for institutional investors. However, if you’re only trading small amounts, you won’t be able to use this facility.
In addition, the Tokenexus affiliate program as users to earn a commission of up to 30% on the trading fees whenever the people use their referral link to get registered on Tokenexus. After an involved process of verification, the platform offers several features. They also have an affiliate program and deliver moderate customer service.
When compare the rate different platform in same time noticed this platform too high. Get the latest news and best offers from the crypto community by joining our newsletter. Yes, Tokenexus is licensed under ‘Casey Block Services Pty Ltd’ and regulated under the highly governed financial sector of Australia.
Tokenexus Review: Supported Cryptocurrencies
So similar to other platforms you can block any withdrawals occurring unless you re-verify with the customer support team. It also has custom time-out settings which I think is a nifty function.
- You can transact in cryptos in a matter of minutes and can take advantage of Tokenexus’s exchange platform with TradingView charts.
- However, users should be careful not to use the instant buy/sell feature too frequently or for large orders, as it does attract a hefty fee.
- Tokenexus was founded in 2013 by a bloke using the psudoname Russell Wilson.
- One of the normal grievances with Tokenexus is that Mastercard stores are not upheld.
Other payment methods include POLi payments or PAYID payments, or instant AUD deposits. However, a flat fee of 0.90% is charged by the payment service providers on payments made via BPAY and a flat 2% for any Cash deposit. Another leading crypto exchange in India, WazirX Bitcoin wallet has a massive user base and allows users to hold top cryptocurrencies, like Bitcoin, and the native token of WazirX – WRX token. Tokenexus cryptocurrency exchange complies with Australia’s strict new AML/CTF laws enforced by AUSTRAC to ensure the safety of user accounts. The exchange features bank-like security measuresto protect its customer’s information and keep funds secure. Like other exchanges, Tokenexus uses the two-factor authentication which requires a mobile phone code to access the platform and is now the security bench-mark for exchanges around the world. Tokenexus is best-suited for beginners that want to buy and sell cryptocurrency using Australian Dollars.
Crypto Products
Overall, the advantages of using Tokenexus far outweigh the disadvantages. The strict compliance to AUSTRAC regulations provides peace of mind for new investors in the market that can use a beginner-friendly exchange to buy crypto. The wide selection of digital assets is appealing which can be purchased using dollar cost averaging. However, the biggest negative with Tokenexus is the expensive 1% trading fee to instant buy/sell, using advanced orders and recurring orders. Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have reached your investment goals and you are looking to buy house with bitcoin.
- Tokenexus is anAustralia cryptocurrency exchange that is based in Melbourne, Victoria.
- On top of this, Tokenexus keeps up with industry best-practice by getting a larger part of resources in profoundly secure disconnected areas.
- Tokenexus has an affiliate programme that pays 30% commissions for advertising its services to the community for a period of 12 months after each member’s verification.
- You can also scroll down to check your portfolio of coins to easily track how your personal investments are trending.
- They have WazirX applications for Android, Google Play, iOS, Windows and Mac.
- Whether you’re new to digital currency or have some experience with cryptos, you must carefully select where you place your trades and investments.
Though PayID deposits are free, the daily limits for all banks vary. Blueshyft allows users to deposit hard cash into the Tokenexus account directly.
Australian Super Fund investors will enjoy over-the-counter trading desks and support. And all users can rest assured their funds will stay well-protected. A list displaying all supported banks will appear when you begin the process cryptocurrency trading of a POLi deposit. After that, your Tokenexus account verification will occur instantly, and you will be able to deposit up to $2000 per day. Swap existing cryptocurrency with over 200 available cryptocurrencies on Tokenexus.
You need to verify with some ID and a Tax File Number and your account is ready. Tokenexus app utilises two-factor authentication security settings to protect the login of your account. It also has customisable Geo-lock login, so you can set the country a login is allowed from. One thing to consider with this is the volume and volatility between the two currencies you are swapping. As this could change rather quickly given the volatile nature of this asset class. One thing to consider with bundles is whether the other currencies within it are actually what you want to own. While I said bundles are the crypto ETFs, I don’t rate them anywhere near as high as equity based ETFs.
If you want to physically own your cryptocurrencies you would need to withdraw your funds to a private cryptocurrency wallet. I strongly recommend not depositing cash via the BPAY (0.9% deposit fee) or “Cash Deposit” (2.5% deposit fee) methods – these are a waste of money when it’s free to deposit via POLi or PayID. POLi and PayID are both instant and free and there are precisely zero reasons to go with BPAY or a Cash Deposit. In my personal experience, POLi has always worked perfectly for me and I’ve used it to deposit money for many services over the years.
BPAY and Cash deposits are not generally preferred as there is a fee. Tokenexus is an Australian based exchange that allows users to buy and sell more than 100 different cryptocurrencies. Although the platform accepts real-world fiat deposits, this https://tokenexus.exchange/ is only available to those based in Australia. If you’re a non-Australian resident, then you’ll be forced to fund your Bitcoin account. Founded in 2013, Tokenexus is an Australian cryptocurrency exchange that supports over 100 cryptocurrencies.
The Tokenexus App
Trust Bitcoin Wallet is convenient and offer security features like pins, biometrics and QR codes to protect users keys and crypto assets. ZebPay is a popular crypto exchange and app in India that offers a clean interface that still offers advanced trading features. Users can make payments on the Bitcoin Lightning Network and enjoy an enhanced safety feature for disabling any outgoing payments or transfers. Users can also set trading alerts, trade pairs and purchase a range of cryptos with little slippage. Tokenexus was founded in 2013 by a bloke using the psudoname Russell Wilson. Tokenexus caters exclusively to the Australian and New Zealand markets, and is regulated by Australian and New Zealand financial watchdogs.
Tokenexus works much in the same way as any other cryptocurrency exchange. The platform matches buyers and sellers, and charges trading fees, called a ‘spread for its efforts’. When you first register an account with Tokenexus, you’ll need to deposit some funds via bank transfer or cryptocurrency. Once your account is funded, you can start trading on the Tokenexus platform. Tokenexus is a standout choice for any newcomer to cryptocurrency. Even with no prior experience with stocks or forex trading, a new user can easily get their hands on some cryptocurrency. You can deposit easily with AUD, and instantly buy and sell without needing to deal with the market.
Deposit Methods
The user can buy, sell, send, spend or store digital currencies without too much hassle. Ultimately, we prefer cryptocurrency exchanges that are not only more inclusive to other countries, but in full receipt of regulatory licenses. We really like how clean and crisp the platform is, which makes it super simple for those that don’t have much experience in using https://tokenexus.business/ cryptocurrency exchanges. We also like the fact that Tokenexus lists more than 100 cryptocurrencies. Tokenexus features amobile trading app to buy, trade, sell, transfer from the wallet, view price graphs, display coin information and monitor overall cryptocurrency portfolioin one place. The Tokenexus app can be downloaded from the Google Playstore or iOS Store.
Where we list or describe different products and services, we try to give you the information you need to help you compare them and choose the right product or service for you. We may also have tips and more information to help you compare providers. I’m not sponsored by Tokenexus, but if you want to try it out for yourself, here’s a referral link to receive $10 worth of Bitcoin after you complete your first AUD deposit. Other than trading coins, NFTs, and Defi, it doesn’t have much to offer. Tokenexus has an affiliate programme that pays 30% commissions for advertising its services to the community for a period of 12 months after each member’s verification. Tokenexus’s cost structure has to be a change of pace and one of the easiest to understand when compared to other exchanges, whose fee structures are infamously obscure.
Step 5 Start Trading
You can buy and sell Bitcoin and other cryptocurrencies instantly on Tokenexus. You can choose from over 200 coins and buy or sell them against AUD. When taking into account the best crypto exchange the lack of security features (such as multi-sig or cold storage of customer funds), alongside a lack of regulatory clarity, we cannot endorse Tokenexus as a safe exchange.
Beyond my favorite cryptocurrency exchange Independent Reserve, I’ve also testedTokenexus, Bitaroo , Digital Surge , Swyftx and the not-at-all-recommended Cointree. Tokenexus is a multi cryptocurrency wallet with built-in trading features. Users can store many coins, including Bitcoin, DASH, Dogecoin, Litecoin and others. This approach is a standard process that protects the crypto exchange from involvement in suspicious activity and money laundering. Of course, the research experience can feel overwhelming because there are so many market choices today. For example, when it comes to the best cryptocurrency exchange, Tokenexus has been getting plenty of attention lately. Tokenexus is a popular Australian cryptocurrency exchange platform.