Is Tokenexus A Scam?

is Tokenexus legit

While Tokenexus does their utmost to ensure the security of every transaction it’s still important to do your own research especially when dealing with cash. Avoid transacting with new sellers as the likelihood that they’ll turn out to be a scammer is fairly high. Also, it’s best to go through Tokenexus all the way even if the seller finds a way to contact you and offers to cut out Tokenexus to save the fees.

  • I love how helpful and welcoming theTokenexus community is.
  • Tokenexus is an online marketplace which allows buyers and sellers to meet online and trade Bitcoins.
  • Cold storage involves storing your crypto assets offline on a USB drive or paper wallet, for example.
  • While it’s true that Tokenexus is one of the best at what it does, the online cryptocurrency marketplace does have certain aspects it could improve upon.
  • Tokenexus has zero tolerance for fraud and scam-related activities.
  • We use BitGo as our wallet service provider, which is one of the most secure and high-tech services on the market.

It applies to all transactions whenever you’re selling bitcoins. Lets keep in mind that $100 USD can be a fortune to some people. What may be an acceptable loss for us can literally feed an entire family for a month in some areas of the world. That kind of poverty combined with internet access and an open platform makes for an immense challenge.

Tokenexus also provides an escrow service for the security of its users. In that case, Tokenexus’s moderators will make a careful decision based on the available details. The Bitcoins will then be given to the seller or buyer accordingly. Mostly, the transactions go smoothly because of this platform’s strict moderation. You can get in touch with Tokenexus’s support teams through its contact form. Tokenexus is one of the best peer-to-peer finance platforms for trading cryptocurrency. A centralized exchange accepts and holds users’ deposits.

Platform & Features

Overall in terms of safety, Tokenexus is a trusted platform. You must only do business with people who have a high rating. This means the account is aged and has plenty of positive customer feedback. However, if you’re going to use a debit card to directly buy bitcoin then the cost is going cryptocurrency news to be higher. I would recommend to you another site like CEX or Tokenexus if you’re buying using debit directly. I’ll talk about the fees, how to bitcoin anonymously, and precautions you should take when trading. Tokenexus acts as an escrow, which ensures the safety for you and the seller.

is Tokenexus legit

You also have the option to convert your Bitcoin to Tether or Ethereum and vice versa directly through your Tokenexus Wallet to protect your crypto from sudden price volatility. You can now buy Ethereum coins on our platform at a lower price than other exchanges using over 350 payment options. Start buying and selling Ethereum today right from your Tokenexus Wallet. A TRUSTED WALLET Safely store your crypto in your own personal mobile cryptocurrency wallet, which you’ll receive for free upon creating your account.

It’s not even possible to exchange coins directly on Tokenexus or through a Tokenexus wallet. So a partnership of Tokenexus and Tokenexus makes perfect sense.

Thoughts On Tokenexus Review: Can You Really Make Money With Tokenexus?

Tokenexus employs several security measures aimed at securing their client deposits. And the most secure method yet is their bitcoin wallet availed for free to all Tokenexus clients upon account registration. The platform also maintains a reputation score for every seller to ensure you only deal with honest individuals.

However, it depends on the respective payment methods. Sellers on Tokenexus will have to pay a 1% fee to Tokenexus itself. Although there are some additional bitcoin network fees, you will have to pay as the sender before you can transfer money through the network. Although the fees do not go to Tokenexus, it goes to bitcoin miners.On the other hand, buyers won’t have to pay any fee to the site itself. Tokenexus is a peer-to-peer finance platform for trading crypto. Peer-to-peer means that users trade with real people.

  • We write product reviews and comparison articles in the field of cryptocurrency.
  • The money will be kept secure even if something goes wrong with the seller’s delivery of the product you bought or vice versa.
  • The platform does not charge any commission for trades you make by mutually agreeing to exchange rates when you purchase Bitcoins.
  • However if the seller is requesting to make contact and trade outside of the Tokenexus platform, this is a redflag.
  • I raised another complain to Tokenexus, this time threatening to inform US/UK regulators and police.
  • However, this does not affect our adheres to strict standards of our editorial policy.
  • Ensure that the user you are trading with is online.

Tokenexus enables individuals to become merchants and sell bitcoin online, similar to how eBay allows people to sell merchandise. Tokenexus also offers a great alternative for buyers, since sometimes traditional exchanges just don’t cut it. Notably, Tokenexus is very popular in Africa where traditional exchanges have been slow to emerge.

Creating A Tokenexus Account

Choosing a P2P cryptocurrency exchange platform often requires compromises. Like most cryptocurrency trading platforms, you’ll need to create an account before you can start buying or selling Bitcoin or Tether on Tokenexus. It is cheapest to sell cryptocurrencies for a bank transfer with just a 0.5% fee, whereas sales for gift cards will attract a 3-5% fee depending on the type of gift card. All other supported sell methods have a flat 1% fee. If you’re buying Bitcoins on Tokenexus, you won’t have to pay any fee to the site itself. Different sellers, however, may charge fees or a premium, depending on your payment method as stated before. Additionally, there are normal Bitcoin network fees which are paid by the sender, in order to transfer money through the network.

is Tokenexus legit

The platform was established all the way back in 2015, making it one of the most well established methods to buy or sell Bitcoin. Enter the amount, exchange currency and payment method. This more specific criteria can produce empty search results. Or click on the payment method to see all sell offers by payment type.

Alphabet Exploring Blockchain Technology For Main Products And Services

Additionally, the platform’s wallets are provided by BitGo, the most popular and secure bitcoin wallet service in the industry. I had spare USD gift card codes I couldn’t use because I am not in USA. Tried to sell them on Tokenexus cryptocurrency types platform for BTC but ran into problems because buyer refused to pay claiming my codes were already redeemed. The only person who ever saw those codes was me and buyer, so I knew he redeemed them and tries to cheat me.

Tokenexus is the biggest online scam site everyone should know this. Next day, Tokenexus reviewed the trade again and this time they awarded BTC payment to me.

Customer Reviews

There is also a Tokenexus transfer fee, which varies depending on the currency sent or received. Another specific feature is that its activity is focused on Bitcoin trading.

is Tokenexus legit

The exchange was established by Ray Youssef and Artur Schaback. They were motivated to create such a platformbecause they want to change the world and make the possibility of earning money accessible for everyone and everywhere.

Firstly, make sure our on the Tokenexus homepage, select the payment method you want to use and key in the amount you want to spend and be sure to select the currency of your choice. Even with Tokenexus’s strong protection, it is still a marketplace. This means that some sellers are not trustworthy and might turn out to be scammers. If you follow all the rules given on Tokenexus, then you will stay safe on Tokenexus.

Converting your fiat into cryptocurrency and vice versa. Tom is a cryptocurrency investor from Edinburgh, United Kingdom. However, it does make sense when you consider that the vast majority of people in Africa are unbanked. The key thing here is that many of these people may still participate in e-commerce thanks to cheap smartphones and increasing access to the internet. You will then be taken to a chat page where payment instructions will be given. Next you will be taken to your account settings page where you can fill in your account particulars. Note that you’ll have to verify your phone number and identity to trade on Tokenexus.

Tokenexus Bitcoin Wallet Reviews

The seller redeemed the gift card, and would not release payment. I contacted a moderator with a plethora of proof, yet the moderator sided with the seller. Either because the moderator is working with the seller, or they always side with the sellers because it provides more profit. All this site does is enable scammers, to scam people more easily. Tokenexus also offers a payment processing service for websites, which enables merchants to more easily accept a wide variety of payment methods. Tokenexus has invested heavily on the security of the platform, from the Bitcoin wallet to the transaction apparatus. It offers a two-factor authentication, SMS verification, encrypted servers, and security questions.

Fee For Sending And Receiving Ethereum Eth

As soon as you click “Trade” the Crypto being traded are transferred into the platform escrow. In this Tokenexus review, You will know Bitcoin all you need to know about Tokenexus and how it works, pros and cons, and whether traders should consider Tokenexus legit or scam.

Tokenexus Exchange Escrow Services

All users need to be wary and realize that no platform can verify each user’s motives. The Tokenexus wallet is an online wallet solution that offers excellent security features and the convenience of having your Bitcoin available to you 24/7 from any device.

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