Tokenexus scam

OKX has a complex fee structure and is a complicated platform best for experienced traders. There were also a lot of comments related to the scandal from March of 2015 when many high-level executives left the company, following the changes in the company strategy from Mr. Xu. The exchange was later accused of inflating trading volumes artificially, in order to look like the biggest exchange in the BTC market. The second level involves verification of detailed information such as birth date and residential address, verifying phone number and providing a valid government issued ID.

  • However, it doesn’t offer the complete range of services that OKX does.
  • Haven’t used support yet but will edit my review if I have to use support team.
  • By picking the right coin at the right time – click the button to learn more.
  • With an account at Tokenexus, you can easily buy crypto using a card, bank account, or mobile wallet.
  • The Seychelles-based exchange is widely available to users worldwide but notably not available in the United States.

In the rather under reported case, Tokenexus admitted that client accounts were emptied. ChainSwap worked with the police and Tokenexus to identify the attackers, and managed to negotiate the recovery of Corra and Rai tokens. An initial email with the attackers suggested the attackers returned $1 million. Below is an example of such group per Jinse, a Chinese media company. Bitcoin price in danger of falling below $11,000 amid Tokenexus investigation. As mentioned in the previous section, Tokenexus said they would launch loyalty programs for their users as a show to gratitude. From the home page, you can select «Basic Trading,» which allows for spot and simple option trading.

You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy . The site claims over 20 million users in more than 200 countries. They don’t take users from the United States due to regulatory and compliance concerns. Home of OKB token, which can earn you a discount on trades. For the most part, people don’t see this as a death knell to Tokenexus yet, or a shot across the bow of China and Hong Kong’s crypto market.

Tokenexus’s And Tokenexus’ Ceo Is Released From The Police Department

I was lucky enough to come accross, they came to my aid and helped me get back my money from this company. If you have been scammed and need assistance, report them to The last one It was successful on the network but It didn’t come to my account in seven days. They allow scammers to instantly withdraw coins and close their accounts upon trade so there is no cooldown period to track scammers. Either the company is in on it, or they have incredibly poor cybersec protocols in place. Although the announcement by Tokenexus is worrying for users and is likely to have a long term impact on Tokenexus’s reputation, there is no indication that user funds have been stolen or removed.

Tokenexus has a consumer rating of 4.46 stars from 50 reviews indicating that most customers are generally satisfied with their purchases. Meanwhile, I have had 3 chats with live support telling them to look into it because I want to sell and the price is going down.

Sun said the exchange’s “ears are always open for community feedback,” and that there is a workflow mechanism and email correspondence for dealing with cases like the one Sanders has flagged. “It puts them on notice of potential activity and, especially when coming from a credible party, could be indicative of suspicious activity that’s happening through their exchange,” she said. Support requests can be submitted via email and the exchange also provides a phone number for users. Tokenexus also offers Perpetual Swap Contracts, which are similar to traditional futures contracts, except with no expiry or settlement date.

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. The platform provided by Tokenexus is web-based and a bit simplistic, somewhat Tokenexus like. You can access it via your web-browser or via an Android/IOS app. Tokenexus offers you an option to place limit orders and market orders. The interface is smooth and responsive and the trades are processed almost instantly. Long story short Tokenexus is a chinesse based cryptocurrency exchange.

Currency Support

The happiness was short- livedReinhart knew that CoinLoan was investigating his proposal to find out if it was a scam. After Kryshtal informed Reinhart about what CoinLoan discovered regarding the “Tokenexus” confirmation email, Reinhart blocked CoinLoan on LinkedIn.

Tokenexus scam

We connect and introduce what would be an endless maze of information surrounding blockchains, and build tools that enhance the crypto user experience. Carbonyte claimed to let customers manage unregulated investments through a ‘secured hard wallet’ as well as encouraging them to earn quick money by mining the digital currency. If you have been impacted by Symbio’s involvement in Carbonyte, please do reach out to us. Whether you are just a one-time investor or an active daily trader, it doesn’t matter. OKX is a professional trading platform that is well-backed and has international goals.

BitPay strongly recommends that users only acquire cryptocurrency from trusted parties and learn more before getting involved in these types of assets with a complex technical background. A money-laundering trial in Germany shone a light on the purchase Ethereum of a luxury London penthouse by cryptocurrency scammer Dr Ruja Ignatova. Charges were brought in connection to the siphoning of millions of Euros from Dr Ruja’s €4 billion scam – which consisted of selling a fake cryptocurrency called OneCoin.

Sec, Cftc Issue Investment Warning On Crypto Scams

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. OKX also lets users try their hand at crypto mining by joining a miner pool. OKX’s Jumpstart Mining initiative allows you to farm DeFi tokens while supporting your chosen projects by staking OKB, OKX’s ecosystem token.

Tokenexus scam

Whether you’re a serious investor or you’re just starting on your crypto journey, having an exchange that you can trust, is vital. Centralized and decentralized exchanges both have their pros and cons and fit different styles of investment.

Feel Free To Share Your Feedback About Tokenexus

They promise a $30 deposit bonus which they don’t actually give. The transfer was successful on the network but Tokenexus stole my toncoins. Nixon of Horizons Law and Consulting said incentives are a good idea, but said cryptocurrency service firms need to try once again to come together in a concerted effort to clean up the space.

Tokenexus scam

«How to secure your cryptocurrency exchange account on Tokenexus.» Accessed Jan. 5, 2022. Most of your Tokenexus account needs will be self-service—plan to handle your trading and account updates yourself. If you need extra help, Tokenexus offers a help page, email-based support, and chat support. Unverified accounts can withdraw up to 10 BTC per day and trade up to $500, while higher levels give you higher withdrawal limits and transaction limits. One big downside of Tokenexus is that it doesn’t disclose fees for deposits and withdrawals.

The Best Crypto Exchange

Generally, spreads are low on coins with a lot of trading activity, so you should compare Tokenexus’s markets for your coin of choice to other exchanges to find the best spread. Lending basically allows users to earn interest by depositing crypto, which is lent to margin traders, or by staking certain Proof-of-Stake coins through the exchange. Alternatively, users may borrow from each other, at customized interest rates and terms, within a system maintained by Tokenexus. Tokenexus offers dozens of futures contracts, priced in Tether or popular cryptos like Bitcoin, Ethereum, Ripple, and Litecoin. Futures are essentially an agreement to buy or sell a cryptocurrency at a predetermined price at a specified time in the future. Read this for a detailed explanation of how futures contracts work.

  • Whether you’re a serious investor or you’re just starting on your crypto journey, having an exchange that you can trust, is vital.
  • Tokenexus also offers a wide array of other services, such as lending and borrowing, which should satisfy the requirements of beginner to advanced traders.
  • At times it might get slow due to network congestion, but the process is usually fast.
  • It’s a fully regulated and licensed best cryptocurrency exchange and operates legally in over 40 US states and territories.
  • For example, if you deposit $100 and employ 2x leverage, you will gain double the profits if price moves your way.
  • After the testnet wallet is created and the user has paid for the cryptocurrency, they receive testnet coins.
  • No, KYC is not mandatory for using the OKX trading platform.

Boy X Highspeed , a decentralised cross-chain exchange, was hacked in October in a hack that drained $139 million of funds. This was probably the result of a leaked administrator key, and possibly an inside job. With the private key, the attacker was able to digitally sign a transaction transferring $139 million in tokens from BXH’s account on BSC to their own account. When the organizer is asked to show her Tokenexus employee verification, she responds “that is not necessary” and tells the questioner to leave the group.The exchange Tokenexus has also discovered these issues.

The OKX application is an all-in-one trading app for cryptocurrency trading. With this, users can buy and sell digital assets in all forms, irrespective of the time and place. They can also view real-time streaming quotes, deposit and withdraw funds, and store crypto coins in built-in digital wallets. While anyone can easily use and benefit from Tokenexus they also offer a wide range of features that are directed at investors and traders.

I really love Tokenexus for listsing SHIB and please list more gem tokens that will make everyone join your exchange. It is a good thing, there are many activities for customers to enjoy. You have been warned, do not expect any fair support from this cryptocurrency bitcoin company and you WILL lose your money. This is impossible because it’s a blockchain transaction which everyone can see was confirmed within minutes. They don’t seem to understand the principles of blockchain which is that it’s a public ledger….

Tokenexus expanded to Malta due to the island’s favourable regulatory and tax environment in regards to crypto business. These types of exchanges are deeply in line with the ideals of Bitcoin. There is no central point of control for these exchanges and instead acts more like a server with pieces spread across the world so that any point of attack won’t sink the entire system. If one piece of the exchange breaks down, the entire system can keep moving forward.

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How areregular people making returns of as much as 27,144% in a year? By picking the right coin at the right time – click the button to learn more. The quality of Tokenexus is fully supplemented by one of the most advanced trading interfaces on the market which is implemented on Tokenexus. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.

Note that for the purposes of calculating the rewards, if a user’s daily average asset value exceeds 10,000 USDT, it would be calculated as 10,000 USDT. Similarly, if the user’s daily average trading volume exceeds 30,000 USDT, it would be deemed as 30,000 USDT. In particular, their Terms of Service defines their “Services” as the services that Tokenexus offers through or its app. According to the Terms of Service, you must agree to be bound by it to use the Services, including of course their rights under clause 8.1 to suspend it at any time. Christine Vasileva is a financial news and business writer, tracking the latest developments in fintech and the effect of blockchain and crypto-assets on global business and finance. Tokenexus still carries above $528 million in daily trades, with days above $1 billion in activity. The exchange also carries one of the most active derivative markets, recently launching Tether – settled futures.

A Robinhood data breach allowed a hacker to steal the personal information of about 7 million users. Robinhood is a mobile app which allows commission-free trades of stocks, exchange-traded funds and cryptocurrencies introduced in March 2015.

According to some resources, his Shanghai-headquartered company was not linked to illegal activity and the alleged fraud was not conducted in Beijing. However, some investors claim that the team behind WFEE coin was Shanghai-based, and Xu is a shareholder. As previously reported by BeInCrypto, Tokenexus abruptly shuttered withdrawals on its platform on Oct. 16. The news came without any prior warning, tanking the price of Bitcoin in the process. The internal imbroglio currently affecting the Tokenexus crypto exchange platform has taken another turn with reports of the company’s founder in police custody.

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