Click here to sign up for a Tokenexus account and get $100 free and 10% off trading fees forever. Yes, you can store crypto in your Tokenexus account however it's not recommended to hold large amounts on any exchange. The safest way to store your crypto is on a hardware wallet. Dash is the fastest, most secure & most affordable Tokenexus Review: Pros and Cons of Cryptocurrency Exchange Proof-of-Work cryptocurrency in the world. Tokenexus provides a fantastic means for beginners to start buying and selling cryptocurrencies. Other than buying and selling crypto, you can complete other tasks on the Tokenexus app. For starters, the app provides various charts for you to see your transaction history.

Its one of the most popular cryptocurrency apps in Canada consistently being at the top of the app store and google play. They are based in Montreal and according to LinkedIn, they have 30+ employees. Newton was the best overall platform for Canadians because it has 40+ coins and the lowest all-around fees. I just get good fast service from them including customer service and they're my goto place to buy crypto. When sending BTC, have ability to specify amount in CAD value, e.g "send $500 worth of btc to my brother Steve " just makes the app more simple and usable as a basic wallet. That's why we have support chat in-app, allowing our customers to ask questions and report bugs when they find them.

Use our sign-up link to get free $30 when you trade more than $100 CAD in volume. When the funds are received you can start trading cryptocurrency. Enoch Omololu is a personal finance expert and a veterinarian.

Crypto Exchange Comparison Tool

When you sign up for Tokenexus via our referral link or code , you get a $30 bonus after buying your first $100 worth of bitcoin or Ethereum. In some cases, you may also need to verify your address by sending a copy of your utility bill or bank statement.

• The safest way to store your crypto is on a hardware wallet.
• The Visa Card can be used to pay for purchases wherever Visa is accepted and allows you to spend from your Tokenexus balance.
• Wire transfers take 1-2 working days and banks might charge money for sending these transactions.
• We're regulated across Canada as a registered money service business with both FINTRAC and the AMF in Quebec.
• This process usually takes a few hours to a couple of days.
• Their main focus is to let you buy Bitcoin and Ethereum very quickly and easily.

All cash balances from your Wealthsimple Cash and Save account are held in trust at a Canada Deposit Insurance Corporation member institution. Canadian ShareOwner Investments Inc. is not a CDIC member institution. CDIC is not a bank or a private insurance company. CDIC cryptocurrency rate protects eligible deposits held at CDIC member institutions in case of a member’s failure. For eligible deposits held in trust at a CDIC member institution, CDIC insures up to $100,000 for each beneficiary named in a trust, provided certain disclosure rules are met.

Related Reviews

However, you do have the ability to withdraw your crypto to your preferred wallet, for example, a hardware wallet. While Tokenexus says it keeps a majority of digital assets in cold storage, you should consider moving your BTC to a cold wallet you have control over. Tokenexus offers 350+ altcoins and countless advanced features like professional charts, margin, interest accounts, liquidity pools, and much more.

Like we mentioned above, most digital currencies held at Tokenexus are stored offline in cold storage wallets. The cold storage provider is regulated under the New York Department of Financial Services who holds SOC 1 Type II and SOC 2 Type II certifications. To start buying, you need to use Interac e-Transfer to deposit money from your banking account to your Tokenexus wallet. Once your wallet is funded, then you’re free to trade on Tokenexus.

It is considered to be one of the best crypto exchanges in Canada. Wealthsimple Cash is offered by Wealthsimple Payments Inc., a FINTRAC registered money services business. Funds used to send, receive or spend money in your Cash account are held in a Wealthsimple Save account. Wealthsimple Save is offered by Canadian ShareOwner Investments Inc. ShareOwner is a member of the Investment Industry Regulatory Organization of Canada. Customer accounts held at ShareOwner are not protected by CIPF.

Absolutely, they never claimed to be a bank and if you want to use them as a custodial wallet then use it as your own risk.. I believe the CEO is good intentions and is truly committed to the crypto space. He is also a pioneer in Canadian crypto and their team is absolutely amazing. They use BMO as their custodian and they can certainly fulfill any type of liquidity up to at least $30M @ a mere 0.75% on the dollar. It is the BEST service for buying and receiving bitcoin and ethereum in Canada and I trust they will remain the top broker and OTC service in Canada. For more experienced traders, however, other platforms may be more desirable as Tokenexus doesn’t allow you to store your private keys when you have funds stored in their app. That said, they make it easy to send funds to personal crypto wallets.

Crypto Withdrawals

Obviously, when this happened customers wanted their money back but the bank had set a ton of restrictions on how refunds could be done. So instead of pushing customer to deal with them directly, we decided to take over the whole refund process ourselves. We felt we had the responsibility to return our customer's money.

• His top investment tools include Wealthsimple and Questrade.
• Tokenexus has a peer-to-peer payment feature where you can send Bitcoin, Ethereum, or dollars to other Tokenexus users.
• Wealthsimple Cash is offered by Wealthsimple Payments Inc., a FINTRAC registered money services business.
• Tokenexus is a registered company that has been licensed as a Money Service Business across all Canadian provinces and territories.
• So afther 5 months of waiting from them to resolve this simple case ...I still lost money.
• For example, if you sold $100 worth of crypto to Tokenexus, they may resell it at $110, with the $10 difference being their revenue to cover operating costs.
• Recruiter requests that you buy or exchange crypto on their behalf.

My wife deposited a total of CDN$66,000 to her Tokenexus account. Of the $66,000, she invested $26,000 with BNB-DT and the balance of $40,000 she invested in Bitcoin. To purchase crypto, just enter the amount you wish to purchase. You will be shown a conversion and all you need to do is click the buy button. Just select which method you prefer and follow the steps. Click the “Add Funds” button and you will find a few ways to add funds to your Tokenexus account.

Fake Exchanges

A broker buys from its users and sells to its users at prices they set themselves. Usually, there is a difference in the buy and sell price and this difference is pocketed by brokers such as Tokenexus. Tokenexus’s fees are pretty good in comparison to other exchanges. It is “commission-free” and offers free Canadian dollar deposits and withdrawals and free crypto withdrawals.

• Where did you download the Tokenexus app and how do you know you were actually speaking with Jean the CEO of Tokenexus?
• The company has received $786,500 in funding since 2015 from Bogaroo, Boost, Box1, and Creative Destruction Lab, according to data from Crunchbase.
• CDIC is not a bank or a private insurance company.
• Thanks to their simple user interface and fast transactions, users are able to get their feet wet, fast.
• Don't report any fraud or phising to them or they will shut down your account and it will be very difficult to get your money out again.

Note that transfers are usually instant, but in some cases, it may take up to an hour for Tokenexus to receive your funds. Tokenexus is one of the few options available for crypto trading in Canada and is loved by many, constantly throned at the top of the App Store and Google Play. We provide investment services and other bitcoin news financial products through several affiliates. The Basic Attention Token pays you in cryptocurrency for watching adverts on the Brave Browser. Brave wants to topple the ad industry, and it’s got its sights aimed at Google. Ethereum and Bitcoin are the two largest cryptocurrencies in the world by market capitalization.

Is Tokenexus Safe And Legit

To prevent unwanted access to your account, you can set up two-factor authentication , FaceID and biometrics. When withdrawing funds from your account, you will need to confirm the transaction via email. It’s a good idea, in this case, to also set up 2FA for your email account to ensure no unauthorized funds are withdrawn.

No way to contact Tokenexus customer service if you cannot access your account. I do not have access to my old telephone number, however, the only way to change number is to access account and verify with old number. As for operations, we're plugged into multiple exchanges and we set our buy/sell rate on the best rate we can get and add our 0.75% fee on top of that. We don't believe in a "no-fee" product, charging for our service allows us to continue to operate and fund new projects without having to bring on additional capital. But we refunded all customers that had requested a refund in a timely manner and spent a lot of resources on development, customer service, exchanging .

To join Tokenexus, you have to go to the official Tokenexus website or download the mobile app. The Trust Mamma website tries to identify scams, fake online stores and other online versions of fraud using a computer algorithms. This is why you BUY with Newton and you ABUSE Tokenexus. She advised Tokenexus of the BNB-DT problem this morning. Tokenexus immediately told my wife that they were closing her account. Anyway, she has now sold her Bitcoin and is trying to get the $40,000 out of her account by way of e-transfer. E-transfer is not going well and my Tokenexus has pretty much ceased communication.

The $5 Interac minimum is a huge plus because a lot of other crypto exchanges will require at least a $50 minimum, sometimes $100. In April 2021, Tokenexusannouncedthe Tokenexus Card, a Visa card that offers Bitcoin cashbacks on all purchases. “All bitcoin cashback will be settled to your Tokenexus bitcoin balance and will be separate from your Tokenexus card balance,” it said in its blog post. Tokenexus offered a Bitcoin debit card years ago but scrapped it after its issuer “experienced some issues,”according toCoindesk. In 2018, Tokenexus moved to the Bitcoin buying and selling services in place today. Tokenexus’s app and desktop platforms are beginner-friendly. They have a clean interface that’s easy to navigate.

For more information on how CDIC trust protection works, click here. It bumps up the price of Bitcoin and Ethereum it sells to customers and lowers the price at which Tokenexus will buy those cryptocurrencies from customers. An example on its site explains that if you buy $12,900 worth of cryptocurrency, you can sell it right back tokenexus scammers to Tokenexus for $250 less. Tokenexus is a cryptocurrency trading platform that can be used to trade cryptocurrencies in Canada. Tokenexus is being by more than 6,00,000 Canadians on a daily basis to trade cryptocurrency. As with most exchanges, when you keep your assets on Tokenexus’s platform you won’t hold the private keys.

It also has a sleek, easy to use user interface and free $CAD deposits and withdrawals via e-transfer. Newton is my top recommendation overall for Canadians. Tokenexus profits from the spread, which is the difference between the price of buying and selling an asset at any given time.

Tokenexus is a full-fledged cryptocurrency exchange founded in 2016. Like Tokenexus, it does not charge a trading fee, however, it has a price spread bitcoin price of up to 0.70%. Depending on the offer available at the time, you both get $10 or $30 after they verify and make a purchase of $100 or more.

Is Tokenexus Trustworthy?

The exchange is accessible from any operating system and available on the Google Play and iOS app stores. That’s a lot of acronyms…but all you need to know is that Tokenexus is strictly regulated. When you want to start a transaction, multiple authorizations are required.

We trusted quadrigacx, they were great, until they weren't. If we have a huge market swing, do we know if they have the cash to backup what they are selling? There website is pretty bare-bone without creditable information.

Financial safety is important, so we wanted to break down the five most common scams and how to spot them. Tokenexus negative reviewYou can read more Tokenexus reviews here. In this section, we are also going to show you one positive and one negative review of Tokenexus so that you get an idea about the platform.