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Wednesday, August 17, 2022

Tokpie Exchange Review: It Is Legit & Secure Exchange

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About Tokpie Exchange

Tokpie Exchange is a crypto exchange that launched in 2018. The platform is based in Hong Kong. This platform’s main claim to fame is that they are – allegedly – the first platform offering bounty stakes trading. It allows traders and investors to get valuable altcoins of thoroughly selected projects by purchasing bounty stakes from hunters with huge discounts.

At the same time, bounty hunters can get ETH, USDC, TKP regularly by selling bounty stakes with no risks to waste time for zero bounty rewards. Finally, crypto startups can boost awareness and avoid token price dump by allowing impatient hunters to sell their stakes before distribution to stakes-buyers. So, ICO (STO) projects are benefiting by allowing stakes-buyers to pay for the hype.

Basic Information

ExchangeDetails
Exchange NameTokpie Exchange
Exchange TypeCryptocurrency
Withdraw Fee0.009
Deposit FeeFree
Maker Fee0.10%
Taker Fee0.10%
Maker Fee24/7
Top CountryIndia
Website Homepage

How To Sign Up & Start Trading

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

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.

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.

Tokpie Trading fees

Tokpie Exchange doesn’t treat takers (persons taking orders off the order book), and makers (persons placing the orders that the first group of persons take off the order book) differently. Instead, they charge something that they call a “flat fee”. This means that they charge both takers and makers 0.10%.

0.10% is a quite competitive trading fee. Global industry average is arguably around 0.25%, so Tokpie’s fees are a fair bit lower than current global industry average.

The fees, however, vary depending on the user’s price plan. So the taker fee can be as low as 0.02%.

Also, Tokpie exchange users can decrease the trading fees by five times and withdrawal commissions by almost twice through holding TKP tokens on their account balances.

Tokpie Withdrawal fees

Tokpie does not support trading in BTC, so they don’t have a BTC-withdrawal fee that they can compare against other such fees. Their ETH-withdrawal fee, however, is 0.009 ETH. This should be compared with other exchanges’ ETH-withdrawal fees in Exchange List, such as Joyso (charging 0.0006 ETH) EtherDelta (charging 0.0007 ETH per ETH-withdrawal), Allbit, Radar Relay and Kyber Network (all of them charging network fees, 0.004782 ETH per ETH-withdrawal) and Bilaxy (charging 0.01 ETH per ETH-withdrawal).

So, in comparison with the above, Tokpie’s withdrawal fee for ETH is the third highest. However, in the same way as for the trading fees, the withdrawal fees vary depending on the user’s price plan. The withdrawal fees can be as low as 0.0005 ETH.

Deposit Methods

Tokpie Exchange previuosly did not accept any deposits of fiat currency. This meant that new crypto investors (i.e., investors without any previous crypto holdings) couldn’t trade here. However, according to information from the exchange to Cryptowisser on 25 June 2020 (which we have verified independently), the exchange has now partnered with Simplex. This means that it is now possible to deposit funds to this platform via credit or debit card.

Features

  1. ICO, STO launchpad including Initial Exchange Offering (IEO)
  2. Bounty Stakes Trading and Listing
  3. Cryptocurrencies Listing, Trading, Lending, and Borrowing
  4. Bounty Campaign management. Marketing.

Advantages

Traders and investors

Receive promising altcoins by purchasing bounty stakes from hunters. Get the best ROI.

Bounty hunters

Get Ethereum (ETH), USDC, TKP for bounty work immediately and upfront. Stop waiting for reward many months.

ICO, STO, post-ICO projects

Boost growth and avoid token price dump by allowing hunters to sell their stakes before distribution.

Tokpie Exchange Review

6.9

CURRENCY VERITY

7.5/10

REPUTATION

6.5/10

CUSTOMER FEEDBACK

7.0/10

CUSTOMER SUPPORT

6.5/10

DESIGN

7.0/10

Pros

  • Easy-to-use interface.
  • Low minimum deposit.
  • 24/7 Support

Cons

  • No Live Support
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