Tokenize Exchange Review
With the cryptocurrency world still in its infancy, there is always room for new exchanges promising a different experience to users. Tokenize Exchange is one of the newest kids on the block. Should you choose it as your cryptocurrency exchange? Our Tokenize Exchange review will discuss the platform’s key features. We will highlight all the pros and cons you need to keep in mind before joining the platform.
- Operating Since 2018
- Currencies Supported 20 cryptocurrencies
- Fees Varies
- Deposit Methods bank transfer, wire transfer
- Fiat Currencies Yes
- Verification Methods KYC, 2FA
- Margin Trading No
- Futures Trading No
- Tokenize Exchange Overview
- Tokenize Exchange Account Creation
- The Tokenize Exchange Trading Experience
- Added Features and Services
- Tokenize Payment Methods
- Tokenize Exchange Fees
- Tokenize Exchange Security
- Tokenize Customer Support
- Frequently Asked Questions (FAQs)
- Tokenize Exchange Pros and Cons
- Tokenize Exchange Review for Australia
- Tokenize Exchange Review for Canada
- Tokenize Exchange Review for UK
- Tokenize Exchange Review: The Bottom Line
Tokenize Exchange Overview
Tokenize Exchange is a Singapore-based digital currency exchange platform founded in 2018. The company’s unique selling proposition consists of an easy-to-use interface. The exchange’s founders set out to create a platform for complete newbies to the crypto world and intermediate trades.
It’s fair to say that Tokenize Exchange has fulfilled that goal. Today, Tokenize Exchange hosts more than 100,000 users from around the world. Features such as membership-based pricing and fixed trading fees have also enhanced the company’s reputation.
Tokenize Exchange Account Creation
You’ll notice Tokenize Exchange’s ease of use when you first land on the platform. The sign-up or registration process is straightforward: you’ll need to provide an email address and password to open an account. You can also choose to set up an individual or corporate account.
Once you open a trading account, you will be assigned the basic free account. , you’ll then go through the identity verification process. The verification process is mandatory for compliance with Anti-Money Laundering (AML) and Countering Terrorism Financing (CTF) regulations. It also fulfills Know-Your-Customer (KYC) rules.
You’ll need the following documents to complete your ID verification:
- A utility bill as proof of residence
- A government-issued identification document (passport or ID)
Once submitted, you’ll need to wait at least 48 hours to complete the verification process. Once you’ve been verified, you can start trading on the platform.
The Tokenize Exchange Trading Experience
Tokenize offers 45 trading pairs to users. The pairs feature a combination of 20 major cryptocurrencies and several fiat currencies.
Supported cryptocurrencies and DeFi tokens include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Cardano (ADA)
- Chainlink (LINK)
- Stellar (XLM)
- Tokenize Emblem (TKX)
- Tether (USDT)
- Sushi (SUSHI)
- Dogecoin (DOGE)
- Aave (AAVE)
- Uniswap (UNI)
The trading platform is compact and intuitive. You can find all the tradable assets on the homepage. Clicking on a selected pair will take you to a TradingView chart showing a detailed depiction of the historical data. Furthermore, TradingView platform also has a selection of charting tools and advanced trading indicators.
You’ll get a pop-up window to select your order type when you choose a pair. The platform supports both market and limit orders. You’ll get a summary of the fees on the trade window, allowing you to decide to proceed with a trade.
If you opt to move forward, you can expect execution in milliseconds.
Unfortunately, for a platform that prides itself on simplicity, Tokenize Exchange doesn’t provide a straightforward method of asset purchase. First-time crypto buyers will need to watch a tutorial to learn about the order window and the various order types.
In contrast, you can use a swap widget on other platforms to instantly convert one coin to another or one fiat to a coin. However, once you get the hang of the Tokenize’s trading process, executing and closing out orders is a breeze.
Added Features and Services
Tokenize offers a range of features and services designed to make trading safe and convenient for users. Some of them include the following:
In an ecosystem or blockchain as loosely regulated as the cryptosphere, many traders welcome the opportunity to trade without worrying about their deposit funds’ safety. Tokenize boasts a $100m insurance policy, providing additional protection to client funds. Traders with large-sized portfolios will especially savor the added peace of mind.
The Token Store
Tokenize’s Token Store is a digital library that holds a trove of tools for crypto traders. In the store, you’ll learn about the workings of the listed coins on the exchange. You’ll also find analytical tools that give guidance on current market behavior.
Overall, the Token Store can help improve your decision-making in the cryptocurrency market.
Tokenize Exchange operates a referral program as part of its marketing. As a result, existing customers have an incentive to bring people they know to the platform.
The incentives differ on the type of referral program. However, the basic one pays 15 TKX to the referrer for every successfully onboarded referred user.
Tokenize pays users an annual percentage yield on coins stored in their wallets. The interest paid ranges between 4% and 12%. It’s not a lot, but it’s a good way to make money without actively trading.
However, Tokenize’s interest payments pale next to the staking plans available on competing exchanges.
Over-the-Counter (OTC) Trading Desk
Traders with huge portfolios may suffer significant slippage if they try to transact on a standard order book. The OTC trading desk on Tokenize Exchange aims to prevent this problem. The desk serves as a buffer between the trader and the liquidity pool. The result is trade execution at a favorable price.
Tokenize Payment Methods
There are two main payment methods of Tokenize: cryptocurrency and fiat.
You can initiate a standard crypto transfer if you have a wallet elsewhere and want to send money to your Tokenize wallet. Keep in mind that Tokenize doesn’t support all the coins on the crypto market right now. Therefore, it’s best to only transfer coins they support.
A good tip is to only transfer stable coins like Tether (USDT) or popular coins like Bitcoin (BTC) or Ethereum (ETH).
You can initiate cash transfers from your bank account to your Tokenize wallet if you’re just getting started or have cash instead of crypto. International wire transfers will show up in your wallet within three working days. However, transfers within Singapore usually reflect in your wallet within a day or less.
Interestingly, Tokenize Exchange does not charge any fees for transfers (deposit fees). However, keep in mind that you can only transfer US Dollars (USD), EUR, or SGD through bank wire or bank transfer. Again, the platform does not allow credit card or debit card purchases just yet.
Tokenize Exchange Fees
Tokenize operates a membership-based pricing model on its platform. All new customers begin on the basic account after ID verification. After that, your transactions determine if you’ll get upgraded to the premium or platinum membership plan.
You need to own a minimum of 160 TKX to qualify for premium membership. Furthermore, you need at least 800 TKX for the platinum membership.
Upgrading from the basic membership provides some benefits in trading fees. On fiat-crypto trades, you can expect to pay respective fees of 0.10%, 0.50%, and 0.80% on the platinum, premium, and basic plans. For crypto-crypto trades, the numbers change to 0.10%, 0.25%, and 0.10%.
Average trading fees on competing platforms typically fall between 0.20% and 0.25%. Overall, high-volume traders stand to gain significantly by moving to the platinum tier as quickly as possible.
Tokenize’s membership pricing also spills over to withdrawals, though to a lesser extent. Generally, the exchange will calculate an individual rate based on the trading volume of your transaction. However, there is a minimum withdrawal fee threshold of 0.0005 BTC.
Tokenize Exchange Security
A Tokenize Exchange review would be incomplete without a look at the safety of your funds. After all, the crypto space abounds with news of stolen funds and hacks.
Fortunately, Tokenize Exchange is among the few exchanges without a history of hacks or other fraudulent activities. The brand is strict with its implementation of CTF and AML regulations. Moreover, it has solutions in place to protect user funds and accounts. It also conducts self-assessment in the lines of the Monetary Authority of Singapore (MAS).
Users can add an extra layer of protection to their accounts by using two-factor authentication (2FA). You have to set up 2FA during the KYC verification process. Other security features include IP whitelisting and multi-sig authorization.
Tokenize Customer Support
Customer support often feels like an afterthought for many cryptocurrency platforms. However, Tokenize has taken a customer-centric approach to the support experience. The exchange offers a rich selection of support channels including frequently asked questions, phone, email, and live chat.
Even more impressive is the support staff’s experience level. They are real people with expert-level knowledge of cryptocurrency trading and a deep understanding of Tokenize Exchange business practices. You’re sure to get actionable answers from them instead of generic replies.
Frequently Asked Questions (FAQs)
Is Tokenize Xchange a Crypto Wallet?
Tokenize Exchange is a full-feature cryptocurrency trading platform. As such, they offer a digital wallet as a part of the package so users have a handy wallet for transactions. With the platform’s wallet, you can cut down on exchange fees lost during transfers from third-party wallets.
Storing your coins in the wallet also allows you to earn interest (up to 12% APY) without directly engaging in trading activities. However, leaving all your crypto holdings in an online wallet is risky. Hardware wallets are safer and your digital wallet should only hold “cash flow” coins.
Can You Trade on the Tokenize Mobile App?
Tokenize has a beautifully designed mobile app for iOS and Android. The app comes with an intuitive layout that allows you to buy and sell digital assets quickly. It is also free to use and has a good rating on the various app stores.
Is Token Xchange Open to Users Outside Asia?
Tokenize provides services to users outside Asia. It’s an international brand with customers from all over the world.
If you have access to cryptocurrency, you can create an account on the platform from anywhere. However, fiat currency transfers for crypto purchases are only available to Singapore residents.
Tokenize Exchange Pros and Cons
- Intuitive interface
- $100 million insurance
- Referral program
- Mobile trading allowed
- Highly secure trading platform due to strict regulatory bodies
- Easy deposit methods such as bank, Xfers direct transfer, and Swap from XSGD
- Monthly interest on wallet holdings
- Users can deposit SGC using Xfers and bank transfer
- Offers ICO-offerings
- No margin trading
- Withdrawal and trading fees too high for basic membership tier
- Fiat to crypto exchange limited to Singapore residents
Tokenize Exchange Review for Australia
Tokenize was launched in 2018 and is one of the most well-known crypto exchange platforms. This exchange platform was founded in Singapore, home to many cryptos. It was created to facilitate transactions in crypto marketing and to allow investors and traders to trade and exchange easily. The platform allows traders to trade around 20 digital assets, and also deposit digital currencies.
The crypto trading platform has enjoyed a solid reputation since its inception. It currently holds over 100,000 accounts worldwide and is one of the most popular exchanges in crypto. The platform offers trading pairs for fiat-to-crypto and crypto–to-crypto.
Traders may also participate in ICO offerings that are listed on these platforms. Tokenize Exchange has been listed in the top 20 digital coins due to its simple trading process.
Tokenize Exchange offers the best price for digital currency. This platform uses Know Your Customer to prevent anti-money laundering.
Singaporean dollars can be used for trading purposes.
Tokenize Exchange offers many features that can help investors in many ways.
For trading purposes, the exchange platform provides easy-to-buy as well as selling prices. You can also limit the number of orders you buy and sell. Optimized trading allows you to queue orders up until they are fulfilled.
Investors have instant access to trading, including the ability to deposit and withdraw Bitcoin or other crypto coins in a matter of seconds.
Investors can trade on the platform with top-north security. IP allows listing & 2-factor authentication gives extra protection. A hybrid wallet mechanism and multi-signature strategy offer the ability to register.
This feature allows users explore the new blockchain innovation. Offline workshops are held to provide investment advice and education for news traders who trade cryptocurrency. You can find helpful guides with up-to-date information.
Tokenize is a wallet that allows traders to deposit or withdraw digital currency.
The Tokenize platform offers many services. These services allow traders to trade safely and have everything under one roof. Tokenize offers a number of services, including:
Tokenize offers $100 million in crypto assets to clients. This is the most important and crucial service offered by the platform. It also acts as a safety net for investors looking to invest in the event of a cyberattack on the platform. Tokenize clients have their funds protected by this insurance.
This platform offers a referral program that allows clients to make extra money in addition to trading. Each referral’s percentage varies from one batch to the next. The wallet is credited with the reward.
Tokenize is a relatively new exchange in the cryptocurrency trading platforms market. However, it has a solid reputation. You can trust it with your security and customer support. The platform still has much to do. There will be many new digital currencies added, and there will be more exchanges.
Don’t feel like trying Tokenize Exchange? Here’s a full list of the top cryptocurrency trading platforms to buy and sell Bitcoin in Australia. The list include some of the most popular crypto exchanges in the world such as Binance and Coinbase.
Tokenize Exchange Review for Canada
Tokenize, which was founded in 2018, is the most popular crypto exchange platform. It is also the best in Blockchain technology. This exchange platform was established in Singapore, which is home to many cryptocurrency tokens. The primary purpose of Tokenize’s creation was to make crypto marketing transactions easier and enable traders and investors to trade and exchange quickly. Future traders will be able to trade approximately 20 digital assets as well as deposit digital currencies.
The cryptocurrency trading platform has been well-respected since its creation. It is home to more than 100,000 global investors and is a top-rated exchange in the crypto market. It allows fiat-to-crypto as well as crypto-to-crypto trading pairs.
Traders have the option to participate in ICO offerings on these platforms. Tokenize Exchange is now listed among the top 20 most popular digital coins because of its easy trading system.
Tokenize Exchange’s ability to sell and buy digital currency at the lowest price is one of the main reasons to choose it. Tokenize Exchange uses Know Your Customer technology to protect users from money laundering.
Singaporean dollars are also available for trading.
Tokenize Exchange has many features that will help investors in many different ways.
You can easily buy and sell on the platform for trading purposes. Additionally, you can limit your order buying and selling. You can also queue your orders to be filled under the optimized trading part.
Investors can trade instantly, with instant withdrawal and deposit of Bitcoin and other cryptocurrency coins.
The platform provides investors with the highest level of security in order to trade. IP allows listing & 2-factor authentication gives extra protection. The guarantee of registration is provided by a multi-signature strategy and a hybrid wallet.
This feature allows users the opportunity to learn more about blockchain innovation. Workshops are offered offline to help news traders trade cryptocurrency and offer investment advice. The guides are updated with useful information.
Tokenize’s exclusive wallet allows traders deposit and withdraw their digital currencies.
The Tokenize cryptocurrency exchange offers several services. These services are designed to make trading safe and easy. Tokenize Exchange offers several services:
Tokenize provides clients with crypto assets up to $100 million. This is the most significant and critical service that the platform offers. This also serves as the safety net to clients who are looking to invest, in the event that the platform is attacked by hackers. Tokenize clients’ funds will be protected under this insurance.
The platform also offers a referral program, which allows its clients to make additional money. The reward for each referral is directly credited to your wallet.
Tokenize exchange is relatively new in the cryptocurrency market. However, it has gained a strong reputation. The platform is supported by reasonable security measures, customer service, and multiple crypto options. It still has a lot of work ahead of it, as there are many new exchanges that will be introduced with digital currencies.
Here are the best crypto trading platforms to exchange Bitcoin in Canada if you want to have more choices.
Tokenize Exchange Review for UK
Tokenize was established in 2018 and is the most recognized crypto exchange platform. This exchange platform was launched in Singapore, the home of many cryptos. Its primary purpose is to ease crypto marketing transactions and make trading and trading easy for investors and traders. Traders have the ability to trade with around 20 digital assets. They can also deposit digital currency in the future.
The crypto trading platform is well-known in the market since its founding. It holds more than 100,000 accounts from around the world and is considered one of the top exchanges in the cryptocurrency industry. It also offers fiat to crypto and crypto-to-crypto trading options.
Traders are also able to engage in ICO listings on the platforms. Tokenize Exchange’s simple trading approach has earned it a spot in the top 20 major digital coins.
Tokenize Exchange has one advantage: it allows you to buy and sell digital currencies at the best prices. This platform also ensures safety by using Know Your Customer to avoid money laundering.
Singaporean Dollars can also be used to trade.
Tokenize Exchange features many benefits that assist investors.
The platform allows you to easily purchase and sell prices for trading. Limiting the buying and selling orders is another option. You can queue up your orders until they are completed under optimized trading.
Investors can instantly deposit and withdraw Bitcoin and other crypto currencies.
The platform offers investors top-north protection for trading activity. IP allows listing & 2-factor authentication gives extra protection. You can also register with a multi-signature strategy or a hybrid wallet.
This feature lets users explore the latest blockchain innovation. Regular workshops are held offline to teach news traders how to trade cryptocurrency, as well as provide investment advice. These guides provide updated information and are very helpful.
Tokenize allows traders to deposit and withdraw digital currency.
Tokenize offers multiple services through its cryptocurrency platform. These services enable traders to trade with confidence and are available under one roof. Tokenize exchange offers some of these services:
Tokenize is an exchange platform that offers clients $100 million worth of crypto assets. This is the most crucial and important service the platform provides. It acts as a safety net, protecting clients seeking investment opportunities in case of cyberattacks on the platform. Tokenize clients funds are protected under this insurance.
This exchange also has a referral program. Clients can earn additional income by trading on the platform. Each referral has a different percentage and the reward is directly credited into the wallet.
Although Tokenize has been around for a while in the cryptocurrency industry, it has already earned a great reputation. It has good security features, excellent customer support, and many crypto options. The platform has a long road ahead, as new crypto exchange providers with emerging digital currencies will be added.
If you’re not satisfied with this Tokenize Exchange review, here’s a comprehensive list of the best places to buy crypto in UK. You should check it out, especially if you’re interested in other types of trading such as derivatives trading, as well as other assets such as NFTs.
Tokenize Exchange Review: The Bottom Line
Tokenize Exchange is a modern crypto trading platform with a notably customer-focused approach to business. However, as we’ve seen earlier in this Tokenize Exchange review, the platform may be best for beginner or intermediate traders. The exchange offers 45 trading pairs, which doesn’t provide enough flexibility for experienced traders.
The exchange is also not the cheapest in terms of withdrawal and trading fees, especially for users holding a basic membership. Still, the platform is the perfect blend of functionality and efficiency for traders looking to trade the highest volume pairs in the cryptosphere.
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