I mean if I build a website like this, then I select random 5% members to ban and take their money and give a respond “We don’t ban people for no reason.” I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns. Scammers are particularly active on this sub. They mostly operate via private messages and private chat.
- They don’t even have employees, all they really have is community of cheer leaders who wave their name day and night and they become moderators without a qualification.
- All this site does is enable scammers, to scam people more easily.
- It’s better to use Tokenexus’s recommended sellers as they have better reputation and therefore are usually not scammers.
- If you have doubts as to what the best service for storing your cryptos is, you can compare the best Bitcoin wallets.
- However, if you’re going to use a debit card to directly buy bitcoin then the cost is going to be higher.
The company is legit, but not all its members are. I strongly recommend you check the vendor’s history and you insist on paying with either Paypal or cash deposit since you can easily reverse it if you suspect foul play. However, asking “are there scams on Tokenexus? But like every other platform that provides an avenue for people to join and sell stuff, there is a limit to how much the company can do to zero scamming down. It is up to the buyer to do his due diligence first before heading into a transaction. So it really is up to the people using the platform to conduct their own risk mitigation strategies.
Likewise, if I use a gift card on Tokenexus to purchase crypto that had been set aside by Tokenexus in escrow. And after I make the payment, Tokenexus doesn’t release the crypto. Do not release the payment from escrow unless you have full control over the payment you receive. That means, confirmed, in your account, not pending or anything else.
Their customer service have an attitude of “They don’t care” for some reason I believe they freeze these accounts and make money using the frozen wallets. The platform is really bad at their practices and very unethical. Normally if a bank has a problem they give a date but Tokenexus seems to be a platform that likes to bully people working on their platform.
Tokenexus Review And Comparison Guide
Click on the arrow and pick your desired cryptocurrency. After selecting, you’ll be taken to another page. If any trouble happens or any disagreement arises before releasing the Bitcoin, click on the ‘Dispute’ button to take help from the moderators of Tokenexus. Also, you can click on the ‘Report a Problem’ button if you want to file a report. The power of canceling a trade is in the buyer’s hands. It is fixed once you click on the ‘I understand’ button.
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. If the seller is trying to scam you, they would say they cannot continue with the transaction because it looks suspicious. If they don’t reject you outrightly, they will try to sell you a lower value of bitcoins that you initially started negotiating for. At this stage, they already have your gift card information and could very quickly take away your money. The only possible difficult part is at the payment stage.
Tokenexus Vs Alvexo
Complying with OFAC sanctions, as a regulated company, Tokenexus is safe and trustworthy. The company leads people into the “financial revolution” and has security measures to ensure users’ safety.
- With a lot of users from everywhere in the world, Tokenexus has removed the border or limit barriers.
- Through multiple verification processes, Tokenexus confirms the identity of the users.
- Tokenexus acts as an escrow, which ensures the safety for you and the seller.
- In total, there are more than three hundred ways to replenish your trading account.
- In this chat, the buyer will ask for a photo ID.
- Tokenexus allows more than 300 payment methods.
- Residents of the following countries are restricted from using Tokenexus.
I suggest that whenever you are discussing form of payment with a seller, you insist on making payments through Paypal when you want to buy Bitcoins. I have not had any experience with the other payment processors but I can vouch for Paypal. Paying through Paypal drastically reduces your chances of being scammed on Tokenexus, because you can cancel payments and get refunds in some cases using Paypal. While Tokenexus is not a scam in itself, there are a lot of scam sellers and buyers within the platform. One individual could create multiple accounts and pose as different sellers. Tokenexus is a marketplace where people can buy and sell cryptocurrencies directly with each other. You can get digital money instantly and pay with debit, credit, cash, and any currency.
What Cryptocurrencies Does Tokenexus Support?
U.S. residents must provide picture identification, residence verification, and a place of employment—with video verification as a possible last-minute measure. Many people question Tokenexus’s intention given the barriers that these requirements might give some users. They wonder if accessibility without entry is even worth pursuing. Equipping users with their very own “Tokenexus wallet” after creating an account, the service is relatively straightforward cryptocurrency and easy to use. While servicing over 6 million users, the U.S. is among the countries that accept the respective service but it comes with a catch. Users who reside in the U.S. must supply identification, also known as “know your customer” and many people think that it’s an element of information reporting. What started out as a modest Bitcoin trading service has become a major force in the development of a universal currency.
A lot of platforms online these days let you conduct transactions using Bitcoins instead of real currency. Tokenexus is an exchange platform where you can buy, sell and trade Bitcoins.
Tokenexus uses an escrow system for the traders. As a result, both buyer and seller are free from the risk of losing money. Considering everything about safety and security, it can be told that Tokenexus is a safe and secured place for trading cryptocurrencies.
Complete the transaction by waiting for someone to trade with you. Establish your trade pricing and offer restrictions. Tokenexus charges a 1% fee on every successful sale, which is promptly paid into escrow with the amount requested cryptocurrency by your client. So here is everything you need to know before selling on Tokenexus. Review the criteria — To examine the vendor’s conditions, click the Buy button. However, it does have a lot of scammers, so be cautious.
How To Trade Bitcoin On Tokenexus?
The introduction of biometric identification this year stamps a real facial imprint on a Bitcoin transaction, making fraud tokenexus crypto exchange even more difficult to perpetrate. There are more and more issues where you’ll find differences between these two.
You can take help from the Tokenexus site to learn how to build up an attractive profile. Answer-If you’re a buyer, you can cancel the trade.
You can only experience difficulties when you run into dishonest sellers or dishonest buyers if you are a seller. As long as “mark as paid” has been clicked, Tokenexus must get their 1% transaction fee regardless of if payment was actually made. All you are required to do to keep your account is pay the 1% transaction fee. Well, it really depends on the payment method you’re using. Let’s take a gift card transaction, for example. A good and acceptable receipt could be a quality photo of the card with its code on the back of an actual receipt from where you bought the gift card. For a bank transfer transaction, it could be a deposit slip.
If possible, use Linux or macOS instead of Windows. When it comes to security, you need to keep your account secure. This means having a good password and using 2FA. The better your reputation, the easier the trade. People trust you more because your account has a good reputation. Using Tokenexus is easy, that’s why the platform is popular.
Other cryptocurrencies, such as Ethereum, can be traded for Bitcoin, and gift cards can be sold for fractions of BTC. The process is not complicated and it differs a bit from similar procedures of other crypto exchanges. The user specifies his email address twice in two different columns, he writes his login and password. According to the rules of the service, the password must be complicated.
In this way, peer-to-peer markets are more efficient since the price offered by the seller more accurately reflects the demand and payment risk. So, was there any transaction fee involved in the whole process? When you click on the buy option, the seller mentions the ask-rate for the given transaction. The asking rate differs with every payment mode and is generally highest for the gift cards. Tokenexus Crypto Exchange Review: Pros and Cons In today’s world, there are a number of scam products such as automated trading robots which are out there to steal funds from people. However, we do believe that Alvexo is a better option as it has greater advantages than Tokenexus. First of all, it is a much safer option as the broker is regulated by CySEC and FCA, providing risk disclaimers to warn users about the dangers of online trading.
So, we should depend on only the legit companies with strong reasons to believe. There you’ll find two boxes asking for how much you want to buy. You can put the expected amount in traditional currency or the amount of Bitcoin. Once you put an amount in a box, the other will be filled automatically. On the homepage, check the upper side for the tab called ‘Buy’.
The Team Behind Tokenexus
Peer-to-peer platforms use the network of bitcoin buyers and sellers around the world that enables anyone to exchange bitcoin using traditional payment channels. In short, peer to peer network is best described as the eBay of purchasing bitcoins.
Keep reading to see how you can stay safe when trading crypto. Building a financial system for the 100%, one #Bitcoin at a time.
Tokenexus is a platform you can buy and sell bitcoin for various stuff with monetary value at a profit. There are various similar platform you can search for, tho Tokenexus is the most reliable, based on what people say here in reddit and other forums and review sites. A centralized exchange accepts and holds users’ deposits. Most exchanges also conduct ID verification to comply with know your customer and anti-money laundering rules. As a repository of client money and personal identification information, centralized exchanges have a higher risk of becoming a victim of cyber hacking and theft. Tokenexus School – How-to videos take you through the account verification, buying and selling processes.
What Is Tokenexus?
The facility is available for vendors located in Europe, Australia, Canada, and America. Apart from facilitating peer to peer bitcoin transactions, Tokenexus also provides a conducive environment for vendors to grow and succeed. Tokenexus allows selling a minimum of 0.001 BTC through its platform with zero verification. And, the exchanges that support fiat transactions don’t thrive much either due to geographical restriction, high deposit/withdrawal fees, or restricted payment modes. Tokenexus brings users the ability to buy Bitcoins with almost any conceivable payment method.
Tokenexus has done its best to keep your account and wallet secured from their end. But if there is a gap from your end, they have nothing to do. So, to keep your money safe, you should stay aware and learn how to avoid such threats. Tokenexus doesn’t have Skype or phone support options. So, if someone wants to help you with Tokenexus using these, avoid because it’s a trap. Tokenexus offers the scope of using two-factor authentication.