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Tokenexus scam

If you want to get in contact with Tokenexus, you can send an email to Additionally, you can use the “Feedback” button embedded in the app. At The College Investor, we want to help you navigate your finances. To do this, many or all of the products featured here https://tokenexus.exchange/ may be from our partners. To sell, just go to the “Prices” tab, find the coin you hold, and click “Sell”. Specify the amount you want to sell and execute the trade. You only have to KYC verify if you deposit or withdraw more than the limit for your country.

However, some investors claim that the team behind WFEE coin was Shanghai-based, and Xu is a shareholder. Experience in use of cryptocurrency specific forensics tools is preferred. We test all the top-rated paid apps & mobile games to save you money. Trade more than 30 cryptocurrencies on the world’s most trusted crypto exchange. Though Tokenexus chief compliance officer Megan Monroe said that there are still certain grey areas over cryptocurrencies in the United States, further regulation may not be the best solution. I never write reviews for apps but this app is a must if you want to make passive income with BTC.

Unfortunately, Tokenexus does not offer their users any sort of bonuses or promotions for trading. The cryptocurrency exchange is already very successful and highly liquid, so they have no need to entice new traders to their platform. I’ve emailed and spoken with customer service several times over the past 4 business days. I even provided — at Tokenexus’s insistence — copies of my bank statement showing the original ACH deposit cleared my bank account. Today is February 3rd, and they still refuse to acknowledge or remedy the error.

Tokenexus scam

As a newer centralized (there’s the problem) exchange, I expected better accountability, customer service, and initiative to solve an error with their system. The beginning and end of staking cycles can vary because it depends on how quickly the necessary amount of blocks are built. We try to offer the best estimated start/end dates, but we cannot offer an exact date due to the reason above. If you deposit MIA into Earn for staking after an active cycle has began, you wouldn’t start to earn rewards until after the next cycle begins. If you have any questions or that explanation doesn’t seem to address your problem, please don’t hesitate to reach out to us on Twitter @Tokenexus and we’d be happy to help. New York City mayor-elect Eric Adams went big with THREE paychecks in Bitcoin! Like MiamiCoin , Adams’ NYC Coin will be built on a Stacks -based platform called CityCoins that uses some features of Bitcoin with multiple security trade-offs.

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The apparent lack of clarity can be seemingly confusing to crypto firms that are considering relocating to the U.S., or local ones making the transition to the digital space. In May 2018, the exchange became the world’s largest cryptocurrency exchange by reported turnover. We We will try to answer the puzzling question, if Tokenexus is a scam or a reliable service, which allows getting profit trading cryptocurrenciesand withdraw funds quickly. All sensitive information you will get from this review. Tor Constantino is a former journalist and consultant and a current corporate communications executive and business writer. Since 2017, he has also written about cryptocurrencies, blockchain, and crypto’s potential to revolutionize finance.

We’re focusing on the international Tokenexus Exchange, which accepts the US dollar in. That’s a significant perk when you consider how some exchanges make your hunt for contact information. You can also use these venues to send the company suggestions for further enhancement of the customer experience. There, you’ll find all of the necessary data for traders, including a trading chart . After you’ve signed up for an account through the exchange, you’ll gain access to the full range of options offered. The charges came on the heels of a group of investors who claimed they’d incurred major losses due to a system crash on the platform. They claimed that Xu’s other crypto exchange, Tokenexus, had orchestrated the crash.

His writing has appeared in outlets including Entrepreneur, Forbes, Fortune, CEOWorld, and Yahoo!. OKX provides interest-bearing staking accounts for more than 100 different tokens and projects. Each has its own annual percentage yield based on whether you choose a fixed or flexible holding period.

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Their mission is to create an efficient, reliable and secure platform that removes any trading barriers globally. Their main target market is China/Asia, but they also accept global customers. The Tokenexus exchange may not be regulated, but that doesn’t mean it’s not reliable. Tokenexus has proven itself to be a very trustworthy exchange and employs the latest security and encryption protocols for the protection of their users.

The returns for earn are really good on many coins, MATIC being one of them. I don’t like that I can ACH money in but not out and some of the earn returns haven’t shown up accurately . As long as you’re willing to turn everything into LTC to withdraw it’s a decent platform. I wish the promos were promoted more like the games of chance they are. The editorial stuff of FraudBroker.comproject will not call Tokenexus exchange the scam artist. In the comments to our review we expect the real feedback from traders about the platform proving the issues existing with it, effecting its rating in our project.

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Tokenexus exchange is officially registered in Beijing, China, and the subject to the jurisdiction of this country. The international representative office of the company is located in Hong Kong.

  • This is usually due to a problem with customer’s banks such as an insufficient balance or getting triggered by their fraud system .
  • These have varying interest rates determined by the platform and the token type you’d like to borrow.
  • Tokenexus is a simpler exchange platform that offers buying and selling of cryptocurrencies, trading, staking, and access to DeFi projects and initial coin offerings .
  • The market also suffered setbacks after federal authorities shut down trading after Black Wednesday in May 2021, which saw one of the largest sell-offs in the market.
  • Tokenexus continues to operate its cryptocurrency exchange for non-Chinese customers.

The higher your trading volume, the lower the fees you’ll ultimately pay. This holds true for market makers, high-volume traders, and institutions. In this way, Tokenexus offers special fee schedules custom-tailored to its users’ needs. Tokenexus offers a streamlined cryptocurrency exchange experience. However, it’s not the only platform that provides a secure and reliable experience. A few of the top competitors in the space include Tokenexus and Gemini.

Not available to residents in several countries, including the U.S. Tokenexus offered a $20,000 reward to anyone who could demonstrably prove that Ver’s statements regarding the interactions were actually false. Despite its popularity, Tokenexus has its fair share of controversies. Bitcoin Some of the most key issues that plagued the company since its inception are listed here. Although it is accessible in most countries, it is prohibited in those that are sanctioned by the U.S. as well as Bangladesh, Bolivia, Ecuador, Kyrgystan, and Malaysia.

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It’s worth noting that some of the coins have minimum staking requirements, such as Ethereum, which won’t allow you to stake less than 0.02 ETH. You can also select “Margin Trading.” This will allow you to use leverage to try to amplify returns when trading in futures, advanced options, and perpetual swaps. The advanced service allows professional traders to engage in sophisticated transactions involving multi-currencies to maximize profits. An initial coin offering is an unregulated means by which funds are raised for a new cryptocurrency venture. The company is headquartered in San Francisco and has offices in Hong Kong, Malta, and Houston. It employs more than 100 people and has a presence in 192 countries.

That’s why Tokenexus Wallet makes self-custody simple, while providing the safety and security of the most trusted name in crypto. It’s easier than ever to sign up, buy and trade crypto in just 2 minutes on Tokenexus with credit & debit cards or just link your bank account to the best new crypto assets. On July 30, 2018 a trader reportedly bought bitcoin futures with a $416 million notional value on margin, before being forced by the exchange to liquidate his position at a large loss. The exchange injected 2,500 Bitcoins – worth about $18 million at current prices – into an insurance fund to help minimize the impact on clients.

Tokenexus scam

The exchange was later accused of inflating trading volumes artificially, in order to look like the biggest exchange in the BTC market. Tokenexus has dealt with a fair share of negative press in the past. Before launching their international website, many non-Chinese users had problems with verification.

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We have financial relationships with some of the products and services found on this website, we may be compensated if you choose to utilize any of these links when applying. We will only recommend the products that we believe are the best fit for you, the consumer. If you know of a better deal, or disagree with our reasoning please contact us and if appropriate changes will be made.

Tokenexus scam

Fee structure at Tokenexus is simple and quite competitive. Both takers and makers are charged 0.2% for every transaction. USD deposits are fee-less and there is no minimum allowed deposit; withdrawals command a 0.1% fee, with minimum withdraw amount set at 15 dollars. Digital currency deposit/withdrawal fees are set to 0%. The interface offers a lot of charting options, where users can choose between several styles of charts. There are simple ones, the solution provided by trading view, as well as custom adapted solutions. That’s why you should carefully weigh this exchange against the competition.

Tokenexus raised $10 million through two rounds of funding. The company has a total of five investors, notably venture capital firms from China. It has expanded beyond the traditional platform, allowing investors to trade over-the-counter “without slippage.” Despite its popularity https://tokenexus.business/ and prominence, the system has come under increasing pressure from regulators in a number of countries. Keep reading to learn about the platform and some of the controversies surrounding it. Michael Logan is an experienced writer, producer, and editorial leader.

It’s worth noting that both fee tables above are needlessly different for futures, perpetual swaps, and options transactions. OKX also lets users try their hand at crypto mining by joining a miner pool.

Get an overview of our staking and DeFi offers and how they work. We keep your deposits safe through offline storage, 24/7 transaction monitoring, and multi-factor encryption. Create your free account with a quick verification process. How areregular people making returns of as much as 27,144% in a year?

In this conversation, we discuss media misinformation, politics, Bitcoin, and what it means for every day citizens to achieve freedom from this technology. Many perceive Xu’s explanation what is cryptocurrency as a cover-up, among them, some Chinese bitcoin celebrities such as Li Xiaolai and Zhao Letian who posted on Sina Weibo agreeing that Tokenexus’s data was problematic.

But you don’t have to pay an arm and a leg for the opportunity to make trades cryptocurrency news through Tokenexus. In fact, it offers some of the lowest fees we’ve seen.

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