Some would argue that Tokenexus has an easier KYC process but I’ve actually experienced it the other way around. Tokenexus’s brokerage service is almost identical to Tokenexus’s, with about 0.5% difference between the services.

• Today the company is registered in Slovakia while still owned and headquartered by New Bit Ventures in Israel.
• On top of the stated price, you will need to add a 5% credit card processing fee.
• Our estimates are based on past market performance, and past performance is not a guarantee of future performance.
• Tokenexus never holds customer cryptocurrency funds, nor stores your payment information, so your cryptocurrency and personal financial information aren’t available on the site to be hacked.
• There are 3 levels of verification, and with each level, the account spending limits increase.
• This means that Tokenexus’s price will be 10.9% above the market rate.

There are 3 levels of verification, and with each level, the account spending limits increase. There are no fees for SWIFT bank transfers of $1,000 or more. Tokenexus offers the ability to purchase some of the most popular cryptocurrencies, as well as sell Bitcoin for cash. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Buy Bitcoin today and start your journey into crypto space with as little as $100!

Buying Limits

After submitting your details for verification, we’ll then quickly go over it and make sure everything looks good. If you’re hesitant to use credit card, you can just send money through Western Union after the verification is complete. Giving out your credit card information to Tokenexus is totally secured. Since the exchange operates on an HTTPS certificate, none of your information is saved at Tokenexus, therefore a leak cannot affect you in any way. Rather than a credit card that’s even better since you’ll save 5% in total fees. Here’s a short comparison of Tokenexus’s brokerage service compared to other popular services around. In order to make any type of purchase you’ll need to complete some form of identity verification.

• For the longest time, it was very difficult to buy Bitcoin using credit cards.
• Buying crypto can be stressful, especially if its your first time and you’re unfamiliar with the process.
• NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor.
• Place your order and get your coins to your wallet instantly.

Regardless of your account verification status, you are still limited by the daily/monthly spending caps incurred by the payment processors. Tokenexus’s fees are relatively high as compared to other exchanges like Tokenexus. Tokenexus accepts Visa and Mastercard credit and debit cards.

Customer Support And User Reviews

Today the company is registered in Slovakia while still owned and headquartered by New Bit Ventures in Israel. We collect data directly from providers through detailed questionnaires, and conduct first-hand cryptocurrency news testing and observation through provider demonstrations. The final output produces star ratings from poor to excellent . Rather, the company will send coins to whichever wallet you own.

Don’t let anything hold you back from accumulating cryptocurrencies.

Tokenexus has recently partnered with Simplex to allow purchases of crypto with a credit card. The exchange rate of Tokenexus is practically similar to ’s.

• From my own experience I can say that verification with Tokenexus was relatively easy, and yes, they require a lot of information.
• As a financial service, Tokenexus is committed to the highest security and privacy standards.
• That’s why we prioritize customer care like no one else.
• The site sells fractional shares of bitcoin, so you can make purchases for as low as $30 worth of bitcoin based on its current spot trading price.
• That’s why I make it a habit to actually read through the reviews and see what people are complaining about.
• The minimum amount of Bitcoins you can buy is 60 USD or the equivalent in EUR/GBP/AUD/CAD/JPY.

From my own experience I can say that verification with Tokenexus was relatively easy, and yes, they require a lot of information. However this is just standard Know Your Customer and Anti Money Laundering policies most legit exchanges must adhere to. Tokenexus offers its services worldwide with the exception of sanctioned countries and several US states. Users can only purchase crypto currencies with fiat.

Tokenexus Vs Tokenexus

Initial verification on Tokenexus usually takes 10 minutes. After initial verification, all purchases will have bitcoins delivered instantly. However, level 2 and 3 verification may take up to six hours. Tokenexus charges a 3.99% fee for credit card purchases, which is lower than the 5.9% Tokenexus charges. Unlike Tokenexus, Tokenexus supports a limited number of countries around the world and is known to have horrible support.

The pros of a brokerage service are mainly that the process is simple and fast since you don’t need to look for a buyer on your own. On the other hand, brokerage services are usually more expensive. In Tokenexus’s case, the company has made ongoing efforts to reduce their fees as much as possible. At the end of this post you can see how Tokenexus compares to other exchanges. Many crypto beginners may prefer a one-stop shop from exchanges that also provide online storage. Tokenexus has a partnership with crypto wallet ZenGo, which it recommends for new users without a crypto storage wallet.

Full Review

The majority of Tokenexus’s negative reviews complained about one thing – the identity verification process. Users claim that Tokenexus requests a ton of information and in some cases rejects applications without giving proper explanation why. The prices you see on Tokenexus’s website already include the company’s brokerage service fee of 5.9%. The base price is calculated from TradeBlock’s XBX index. In this review I’ll cover the company, its services and also compare it to other leading brokers.

I also took a look at various customer reviews users posted online. Having reviewed over 20 exchanges by now, I know that when people leave reviews online it’s almost always negative reviews because they are pissed off about something. That’s why I make it a habit to actually read through the reviews and see what people are complaining about. For beginners, this is an excellent option for buying your first Bitcoin. More advanced users can use alternative trading platforms to save on transaction fees. Tokenexus has higher fees than some other providers, though these fees fall as the amount of crypto you purchase and the time you’ve been a customer increase. Cryptocurrency with a high-interest credit card can be risky business.

Investing in cryptocurrencies like bitcoin is highly speculative and known for its volatility. It’s wise to never invest any more than you can afford to lose. BitWallet users can now buy and sell Bitcoin instantly from the application. Complete your account set up and start purchasing in minutes. Now that the whole process has become advanced, the 6% fee was even higher just two years ago. This is due to the expensive measures companies have to deploy in order to avoid fraud and chargebacks. If you’ve had your own experience with Tokenexus, I’d love to hear about it in the comment section below.

How Long Does It Take To Get Verified On Tokenexus?

Download the Tokenexus app, sign up, get verified in minutes and buy crypto with one of our many supported payment methods. A cryptocurrency exchange is a service for changing digital currencies, such as Bitcoin, Ethereum, and more, to fiat currencies or for other digital currencies. At Tokenexus, you can exchange your fiat currency, such as dollars or Euro, for several cryptocurrencies. At this time Tokenexus does not allow customers to sell Bitcoins on its platform.

However, users can only sell bitcoin for fiat currency (such as U.S. dollars) on the exchange. That may be a turnoff to users looking to cash in other cryptocurrencies or make cryptocurrency-to-cryptocurrency trades. Changelly was known to be one of the most expensive services you could use to buy Bitcoin with a credit. However, it seems that lately they have optimized their service to offer a more competitive offer. Changelly takes a 5% on top of the existing 5% payment processor fee.

Place your order and get your coins to your wallet instantly. Tokenexus sends the coins within 1 hour after both your payment and wallet address have been confirmed. They also offer live chat option to users but it is not available 24×7. Their FAQ page is a great start to understand how the exchange works. The minimum amount of Bitcoins you can buy is 60 USD or the equivalent in EUR/GBP/AUD/CAD/JPY. The daily buying limit is set to 5000 USD and the monthly limit to 15,000 USD for Level 1. Tokenexus was established in 2013 in Israel and has since grown to serve over 2m customers in over 188 countries with over 30 employees.

On top of the stated price, you will need to add a 5% credit card processing fee. This means that Tokenexus’s price will be 10.9% above the market rate. Tokenexus never holds customer cryptocurrency funds, nor stores your payment information, so your cryptocurrency and personal financial information aren’t available on the site to be hacked. Still, the company announced in 2019 that 450,000 email addresses and hashed passwords were hacked in a data breach, which may give some new users pause.

In September 2020, Ethereum reached a deal with Apple to allow the use of Apple Pay for crypto purchases. Find out why Tokenexus is one of the most well-loved places to purchase Bitcoin and grow your crypto wealth. Trusted by over 2,700,000 people across 188 countries, we have been helping people buy and sell cryptocurrency online since 2013. Before creating your first order, we need to know a bit about you. As a financial service, Tokenexus is committed to the highest security and privacy standards.

Comments On Tokenexus Review

This also helps us keep your account safe, fight fraud, and more. The process is called verification tokenexus login and is something everyone must go through before buying cryptocurrency anywhere.

Tokenexus is one of the oldest and most respected exchanges out there so it’s a solid alternative for Tokenexus Review: Pros and Cons of Cryptocurrency Exchange. Also, just like Tokenexus, the exchange supports a wide variety of countries worldwide.

Dont Like To Read? Watch Our 2 Minute Tokenexus Review

Tokenexus states that verifications should take from 30 minutes to up to one hour. Tokenexus has a complete help center and also a dedicated support channel via email. Support requests are usually answered within 24 hours. Tokenexus’s app is available on Android only, but has received fairly good reviews.

Tokenexus At A Glance

To trade cryptocurrency, Tokenexus charges a rate that’s based on the market rate of TradeBlock’s XBX Index plus 2%. In addition, there is a commission fee of up to 3.81% on crypto purchases and up to 0.9% to sell bitcoin. Market rate plus up to 3.81% for users to buy; market rate plus 0.9% for users to sell. Credit/debit transactions incur an additional 5% charge. Tokenexus supplies a brokerage service for Bitcoin and other cryptocurrencies. This means that the company sells you the coins directly as opposed to a trading platform where you buy the coins from other people. NerdWallet strives to keep its information accurate and up to date.

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