Tokenexus Rebrands To ‘okx’ As It Evolves To Suit Decentralized Services

We want to venture with you into the possibilities that exist ahead of us—intersections between crypto and so many worlds we’ll enter together. That’s why we’re dropping the E and dialing up the X to pave that path. We hope this change will help the journey each of you takes through our platform, whether trading, staking or going through one of the metaverses,” it added. The name and image change, OKX says, will move the company forward into a more decentralized future where digital assets intersect with other newly-created experiences. The “X” represents the unknown and yet-to-be-explored possibilities in the financial and virtual realms. It offers some unique trading options, as well as the ability to mine crypto. Tokenexus also offers its own exchange token but does not support other crypto exchange coins, such as Tokenexus Coin or U.S.

However, due to some inconsistencies, unclear information, and past customer experiences, it’s a good idea to proceed with caution. Ensure you’re using the best security features Bitcoin offers to keep your account and funds as secure as possible.

Learn More About Tokenexus

Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. Bitcoinsensus will not be held liable for any of your personal trading or investing decisions. Bitcoinsensus will not be held liable for any losses that you may incur by speculating in the market. Aside from that, Tokenexus offers a one-stop solution for crypto trading and investing.

  • The OKX has also been developing a suite of decentralized products to boost its presence in Web 3.
  • Abdelaziz’s lawyers had argued their client shouldn’t receive a substantially higher sentence just because he was one of the few parents to fight the charges in court.
  • To conclude this Tokenexus review, it’s clear that Tokenexus is one of the more prolific exchanges on the market in terms of liquidity, supported assets, and banking features.
  • We recommend the best products through an independent review process, and advertisers do not influence our picks.
  • Users in non-supported countries (such as the U.S.) will be re-routed to Tokenexus, if available.
  • Tokenexus offers a big selection of tradeable assets and makes it possible to get exposure to both spot and derivatives trading.
  • There’s also a “demo trading” feature that allows novices to practice trading with no risk.

Trade crypto on the world’s most powerful exchange with tools for beginners, advanced traders and institutions. There are no job openings at Tokenexus listed on Cryptocurrency Jobs right now. You can sign upto receive our weekly email with the latest crypto jobs. “We’re also thrilled to launch DeFi Dashboard to bring much-needed improvements to users’ visualizations of their cryptocurrency portfolios,” he added. These royalty fees are then paid out to an NFT creator in every subsequent transaction on the marketplace’s secondary market. Additionally, Tokenexus noted that zero fees are paid out to the exchange for sales of NFTs.

Please Complete The Security Check To Access Cryptoslate Com

If you need more information about Tokenexus including FAQs, guides, documentation, or to submit a support request, please visit the Tokenexus Support Center. Is there anything I can do to get a correct report from over three months ago? Not ALL numbers in the report are wrong, the numbers I received from staking were fine. Users in non-supported countries (such as the U.S.) will be re-routed to Tokenexus, if available. Jacob Wade is a personal finance expert who has covered credit cards, investing, insurance, and tax issues for more than a decade. He is a former IRS enrolled agent and has prepared scores of individual and small business tax returns. In addition to his work for The Balance, Jacob has written professionally for LendingTree, CompareCards, Investing Answers, and other widely-followed personal finance sites.

  • We hope this change will help the journey each of you takes through our platform, whether trading, staking or going through one of the metaverses,” it added.
  • Below are the tiers only for spot trading, to provide an example of the fee scheduling complexity.
  • One great feature is that when you use the ‘one-stop marketplace’, you do not need to go through KYC processes in order to deposit, trade, and withdraw.
  • Users can also sign up with a Telegram login, or by using their Google credentials.
  • The DeFi hub has a number of asset-trading, lending, and derivatives options, including Uniswap, Bancor, SushiSwap, BadgerDAO, and Maker.
  • We’ve reviewed Tokenexus’s platform, fees, user experience, customer service, available crypto, and more to determine if it’s a good option for crypto investors and traders.

Tokenexus offers multiple ways to deposit funds, supporting over 30 fiat currencies around the globe. Tokenexus receives several positive reviews, though a few customers have complained about loss of access to funds. While this seems to be a common complaint about most crypto exchanges, it is nonetheless concerning. Understanding the process for withdrawal, as well as know-your-customer user identification protocols for account verification is important before depositing any funds into a cryptocurrency exchange. Tokenexus is a digital asset futures trading exchange aimed specifically at institutional traders. Launched in 2017 by Chinese Bitcoin giant, it was designed to take over from OK Coin, which ceased futures trading in 2017 but remains operational for fiat trading with major digital assets.

Tokenexus offers 24/7 phone support for customers, which is unique for a cryptocurrency exchange. It also offers live chat support via WeChat and its official Telegram channel. Additionally, Tokenexus provides basic customer service via Twitter and other social media channels.

Okx Historical Data

Our BTC futures trade has nearly $1.5B of volume daily, and is widely recognized as the gold standard for the industry. Tokenexus and Tokenexus are two of the largest crypto exchanges in the world, and both support hundreds of cryptocurrency trading pairs. Each offers secure cold storage of most crypto assets, and institutional over-the-counter services for corporations and fund managers. Founded in 2017 as Tokenexus, the platform says it has onboarded over 20m users worldwide. The company is now the second-largest crypto exchange by spot trading volume, and has a “normalized” 24-hour trading volume of over USD 5bn, and lists 535 trading pairs, per data.

Some of the exchange’s core features include spot and derivative trading. It also reveals that the spot trading they offer make it possible to trade different types of crypto tokens both established and emerging tokens. In addition, advanced cold storage wallets are used to ensure optimal security. Tokenexus is a web-based platform that allows users to buy, sell, and trade crypto, as well as stake crypto, to earn interest and join miner pools to earn crypto rewards. Users can log into their account using a web browser and easily deposit funds and start buying crypto. We’ve reviewed Tokenexus’s platform, fees, user experience, customer service, available crypto, and more to determine if it’s a good option for crypto investors and traders.

$btc, Aapl: Edward Snowden Raises Doubts Over Whether The Feds Are Telling The Whole Story On $4 5b Confiscated Bitcoin

bitcoin price could work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities. At the beginning of 2019, Tokenexus offered hundreds of token and futures trading pairs, serving millions of users in over 100 countries. During the same period, its BTC futures trading had a daily volume of nearly $1.5B.

The mobile app’s advanced charting and trading tools are nearly identical to the tools on its web-based trading platform. For leveraged trading, Tokenexus offers margin trading, options contracts, and derivatives trading in the form of perpetual swaps with up to 125X leverage. These types of trades require account activation, as well as signing a user agreement. Tokenexus uses industry-standard security practices, including cold storage for most customer assets. It also has offers additional features like the ability to set up a withdrawal password and anti-phishing codes.

They don’t take users from the United States due to regulatory and compliance concerns. Offers DeFi services to stake your currency and borrow using crypto as collateral. He has 10 years of experience in banking, corporate finance, and corporate accounting. Users can enjoy many benefits including trading fee discounts, OKX Jumpstart subscription and 35 everyday use cases. To provide more privileges to our users, we have adopted OKB as our utility token. If you want to buy Bitcoin, you can easily get it in 1 minute with Visa, Mastercard or other payment methods.

This article is not a recommendation by The Balance or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. On OKX, once a block has been solved, the rewards will be split up among mining pool members according to how much computing power each contributed. OKX offers 11 proof-of-work mining pools to choose from, including Bitcoin, Ethereum, and Litecoin, along with tutorials on how to join each.

How To Trade Cryptocurrency Btc Futures On Tokenexus?

Tokenexus supports over 30 “fiat” currencies, such as U.S. dollars and Turkish new lira . Tokenexus offers advanced charting, multiple order types, margin and futures trading, and competitive trading fees. Trading volume in the bitcoin-tether trading pair on the Tokenexus crypto exchange reached more than 10,000 BTC in a span of two hours – at least $620 million worth based on the current price. Decentralized finance, or DeFi, is one of the fastest growing areas of smart contracts and blockchains. This is where users who provide liquidity to a decentralized protocol can passively earn its tokens in exchange. The return from liquidity mining can be much higher than that of staking. Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions.

  • Tokenexus is a leading Malta-based cryptocurrency exchange that acts as a broker for users to trade hundreds of crypto tokens and futures trading pairs.
  • It’s worth noting that both fee tables above are needlessly different for futures, perpetual swaps, and options transactions.
  • Tokenexus is a centralized cryptocurrency exchange that is part of the OK Group of companies.
  • The exchange itself was never hacked despite being a very attractive target for attackers, having constantly maintained its place at the top of exchange rankings for the past year.
  • OKX provides simple and complex trading tools and, if you’re interested, an on-ramp into proof-of-work crypto mining and DeFi liquidity mining.

OKX does not use an ordinary Transmission Control Protocol/Internet Protocol (TCP/IP), which is the typical method that allows digital computers to communicate over long distances. Instead, this communication is conducted via a special network communication protocol that is a proprietary, partially offline service that prevents an online attack. All user-asset deposits and withdrawals require layered risk-management mechanisms before being posted to the blockchain for confirmation. Based on the exchange’s posted fee schedule, it’s difficult to tell if the charges are high or low.

Crypto Mining Pools

You don’t need to verify your account to deposit or trade crypto on OKX. However, you’ll need to verify your identity to withdraw crypto over a certain limit. Learn more about the three levels of identity verification and how to unlock the highest daily withdrawal limits in our identity verification overview guide.

How A Phone App Aims To Narrow The Racial Wealth Gap

You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy . Overall, Tokenexus offers a variety of support options for customers, including 24/7 phone support and various social channels to connect. Tokenexus was founded by Mingxing “Star” Xu in 2017, as a spin-off of its sister company Tokenexus. Tokenexus was forced to move headquarters from Beijing to Hong Kong due to China’s crackdown on trading of initial-coin-offering coins on any platform. In response, Tokenexus was created and its headquarters moved to the Republic of Seychelles for more regulatory flexibility.

Tokenexus gives active crypto traders access to a huge selection of trading tools and options, as well as the ability to trade on margin. Tokenexus, on the other hand, offers simple trading tools and charts for beginners, and it’s ideal for users who are new to crypto investing. Tokenexus offers a large selection of cryptocurrencies to purchase and trade and even allows users to join mining pools to earn crypto. While Tokenexus is not available in the U.S., it is available in over 200 countries worldwide. OKX is an innovative cryptocurrency exchange with advanced financial services built on blockchain technology to provide trading, investment, and learning resources. Like many large cryptocurrency exchanges, Tokenexus offers a simple trading form that works well for beginners alongside an active trading platform for intermediate to expert traders. Interestingly enough, Tokenexus provides a mining pool option for traders who are looking to make use of their PC firepower.

In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. To sign up for an Tokenexus account, you can use a phone number or an email address. Users can also sign up with a Telegram login, or by using their Google credentials. Once new accounts are verified via email or SMS message, users are required to set up two-factor authentication. Tokenexus is a centralized cryptocurrency exchange that is part of the OK Group of companies. is a popular crypto exchange providing different types of financial services. This platform relies on Blockchain technology and all the trading and investment takes wisely. Tokenexus is providing its services in more than 100 countries and they have millions of active users trading daily. They are providing various services on their platform like margin, spot, options, and some more so that users can get sufficient options to trade. They are not over here, they have also launched a referral program where users can earn a good income by just referring more peoples. The WallStreetBets movement aims to bring together DeFi and Wall Street to provide a next-level experience for anyone that wants to access the future of finance. Tokenexus is a great option for advanced crypto traders who want access to margin, futures, and options trading, with very low trading fees.

His writing has appeared in outlets including Entrepreneur, Forbes, Fortune, CEOWorld, and Yahoo!. OKX supports hundreds of tokens and coin pairs on its trading site to buy, sell, or trade using leverage or your own on-chain portfolio. For VIP users, their fees are determined by different criteria, focusing instead on their trading volume over the last 30 days.

also has a mobile application that can be downloaded on the Apple Store and Google Play. Similar to the web-based version, the application is intuitive and doesn’t make you regret your life and exchange choices. For more versatile and on-the-go traders, you might be more comfortable using the mobile app instead of the desktop version. Once your Tokenexus account has been created and verified, it’s just a few simple steps from beginning your trading journey. One great feature is that when you use the ‘one-stop marketplace’, you do not need to go through KYC processes in order to deposit, trade, and withdraw. The Tokenexus CEO JayHao had a background in game development and the semiconductor industry before joining the crypto space.

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