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Tuesday, June 25, 2024

Tokenize Exchange Review: Tokenize Is Legit & Secure Exchange

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About Tokenize Exchange

Launched in Feb 2018, Tokenize Xchange is a centralized exchange based in Malaysia/Singapore. It has received full approval from the Securities Commission Malaysia and is working to get MPI licence in Singapore.

How To Sign Up & Start Trading

ExchangeDetails
Exchange NameTokenize Exchange
Exchange TypeCryptocurrency
Withdraw Fee  0.02% (min. 0.0005 BTC
Support24/7
LangugaeEnglish
Taker Fee 0.15%
Maker Fee 0.15%
WebsiteHomepage

How To Sign Up & Start Trading

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You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

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You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

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Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

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Tokenize Trading fees

This trading platform does not charge different fees between takers and makers. Usually, you say that such exchanges’ trading fees are “flat”. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model.

Tokenize’s flat trading fee is 0.25%. 0.25% can be argued to be the industry average, so no competitive advantage or competitive disadvantage for Tokenize here.

Tokenize Withdrawal fees

Tokenize has percentage based withdrawal fees (0.02%), but never lower than 0.0005 BTC. This means that just as with the trading fees, the fee charged when withdrawing from the platform is a percentage of the relevant amount (or 0.0005 BTC). For trading fees, the fees are a percentage of the traded amount. For withdrawals, the fees are a percentage of the withdrawn amount. Essentially all crypto exchanges in the world have percentage based trading fees, but out of the 600+ exchanges we have listed in our Exchange List (and that have died and been moved to our Exchange Graveyard), only 15-20 have charged percentage based withdrawal fees. The rest have fixed fees (e.g. around 0.0005 BTC per BTC-withdrawal, but without an additional percentage component). So it’s quite unusual to have the withdrawal fee model that Tokenize has.

With the hybrid percentage/fixed fee model that this exchange has, there is no benefit to you. The fee can never be lower than 0.0005 BTC. However, if you withdraw 10 BTC, the withdrawal fee becomes 0.002 BTC (very high). So, you could say that you are between a rock and a hard place when withdrawing from Tokenize, which is not consumer friendly at all.

Deposit Methods

This exchange offers wire transfer as a deposit method, but you can’t deposit via credit card. Offering wire transfer enables people with no previous holdings of cryptocurrencies to start off their trading career here, which is very helpful. However, if you absolutely need a trading platform that accepts credit card deposits of fiat currency, just go to our Cryptocurrency Exchange List and look for green checkmarks in the “credit” column.

Tokenize Exchange Features

Wide range of cryptocurrencies

Multiple cryptocurrencies are supported by Tokenize Exchange, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many others.

User-friendly interface

Users may buy, sell, and trade cryptocurrencies easily on Tokenize Exchange thanks to its user-friendly, simple-to-navigate layout.

High liquidity

Tokenize Exchange supports big trading volumes and has high liquidity, enabling customers to complete deals swiftly and effectively.

Security

Tokenize Exchange uses cutting-edge security techniques, like two-factor authentication and cold storage, to safeguard customer cash.

Margin trading

Margin trading is a feature of Tokenize Exchange that enables users to leverage their positions for greater earnings.

Mobile application

Tokenize Exchange offers a mobile app for both iOS and Android devices, making it simple for users to trade while on the go.

Low fees

Compared to many other exchanges, Tokenize Exchange features low trading fees, which attracts users.

Fiat deposits and withdrawals

Fiat currency deposits and withdrawals are supported by Tokenize Exchange, making it simple for users to deposit and withdraw money.

Support for users

Tokenize Exchange has a devoted support staff that is accessible to assist users with any problems or inquiries they might have.

Tokenize Conclusion

To sum up, Tokenize Exchange is a cryptocurrency exchange that gives users access to a variety of features and services, such as a large selection of cryptocurrencies, a user-friendly interface, high liquidity, sophisticated security measures, margin trading, a mobile app, low fees, fiat deposits and withdrawals, and a devoted customer support team.

It has a solid reputation for security and dependability and is a well-liked exchange in Singapore and other Asian countries. However, before using Tokenize Exchange or any other exchange, users should conduct their own research and carefully consider the risks involved in trading cryptocurrencies.

Tokenize FAQ

What is Tokenize Exchange?

Tokenize Exchange is a cryptocurrency exchange based in Singapore that allows users to buy, sell, and trade a variety of cryptocurrencies.

What cryptocurrencies can be traded on Tokenize Exchange?

Tokenize Exchange supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many more.

Is Tokenize Exchange secure?

Tokenize Exchange employs advanced security measures to protect user funds, such as two-factor authentication and cold storage. However, no exchange can guarantee complete security, so it is important for users to take their own precautions, such as enabling two-factor authentication and keeping their private keys safe.

How can I deposit funds into Tokenize Exchange?

Tokenize Exchange supports fiat currency deposits, as well as cryptocurrency deposits. Users can deposit funds using bank transfers or credit cards.

Does Tokenize Exchange have a mobile app?

Yes, Tokenize Exchange has a mobile app that is available for both iOS and Android.

Does Tokenize Exchange offer margin trading?

Yes, Tokenize Exchange offers margin trading, which allows traders to leverage their positions for increased profits.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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