Blog

Also, to protect user funds against hacking, the exchange uses 2FA (two-factor authentication) that requires traders to enter a code generated on their registered mobile device to sign in to the Tokenexus platform. There is no withdrawal fee charged for withdrawing funds using bank transfers like POLi or PayID. However, a nominal mining fee is levied on users for cryptocurrency withdrawals from another exchange or a hardware wallet that, in turn, depends on the coin and the network load at that time. To create an account on the Tokenexus crypto exchange platform, traders need first to visit the Tokenexus website and click on the “Register” button to find it at the top right-hand corner of the page. After this, they can directly start the registration process by clicking on “Create Account,” which will open a registration form with personal details like username and password and email address. An auto-generated link will be sent to the users’ email id to confirm the email address. Further, the account will be activated, and the primary login and registration process ends.

For more information about protecting cryptocurrency investments, see this article. Also, be sure to see CyberTalk.org’s past cryptocurrency coverage pertaining to Google Ads. Activate 2FA wherever possible and do not share 2FA information with other users. Any clicks on links in the email direct victims to a phishing landing page.

This time the attacker intends to acquire a 2FA code from the target. This can potentially be used to bypass any further levels of security when the threat actor tries to use the information to access the target’s account.

Depositing Funds

CryptoTaxCalculator has partnered with leading Australian cryptocurrency exchange Tokenexus Cryptocurrency Exchange Review: Details and Features, offering seamless integration between the two products. Being one of the earliest fully featured trading platforms that facilitate crypto to crypto transactions, it exciting for us to offer complete support for Tokenexus users.

• On weekdays, Live Chat is available from 9 am to 8 pm AEDT, and on weekends it’s from 9 am to 5 pm AEDT.
• Also the feature to swipe across on the screen from the main coin list, to gainers and then to losers is gone.
• 0.10% in trading fees is below the industry average (arguably around 0.25%) and thus a competitive advantage for Tokenexus.
• Any clicks on links in the email direct victims to a phishing landing page.
• Once they register a Tokenexus account, get verified and make their first AUD deposit, you will receive your free $10 in Bitcoin.
• Afterwards, attackers can apply the account credentials to a legitimate login page and can take control over a victim’s account.

By integrating with all of your cryptocurrency platforms and consolidating your crypto data, CryptoTrader.Tax is able to track your profits, losses, and income and generate accurate tax reports in a matter of minutes. includes a secure online wallet to store your recently purchase cryptocurrencies. This wallet can be used to send and receive your coins to other exchanges or a hardware wallet.

Tokenexus Australia only offers spot conversion of fiat to digital currency and vice is tokenexus safe versa. For more details, please review our Terms of Service and Privacy Policy.

Good Platform But Don’t Keep Limits Low

Tokenexus allows users to easily buy Bitcoin, Ethereum, XRP and over 290 other digital currencies. Due to Tokenexus making crypto investing simple, we are widely known as Australia’s best cryptocurrency exchange. We offer users easy access to the largest variety of coins and trading pairs. Simply make a payment directly to your Tokenexus account to get started. You can even make direct swaps between any currency listed on the platform.

• With over 1 million users, Tokenexus is one of the most popular exchanges in Australia and has established a strong reputation for safety and ease of use.
• This allows your transactions to be imported with the click of a button.
• If you sign up to Tokenexus just remember to use its exchange only, as mentioned above.
• This is useful to provide the user with an overview of the recent price history using a candlestick or line chart.
• To add to the appearance of authenticity, the threat actors used password requirements and checks, such as upper- and lower-case characters, numbers and special characters, the analysts say.
• Simple HTTP requests will return JSON formatted information on latest prices, open orders, and order history.

To add to the appearance of authenticity, the threat actors used password requirements and checks, such as upper- and lower-case characters, numbers and special characters, the analysts say. As is usually the case with such campaigns, the attackers sent users an “extremely convincing” phishing email, the analysts say.

cryptocurrency news is an Australian crypto exchange that opened its doors in 2013 and was able to capture the market by being one of the earliest players in the industry. Their stronghold continues today despite the arrival of Swyftx, Digital Surge and other top Australian crypto exchanges.

Is Tokenexus Legal In Australia?

Traders can instantly trade cryptocurrencies from amongst the huge list of supported crypto coins; more than 210 crypto coins are available at Tokenexus. However, Tokenexus only has visibility to transactions that take place on the Tokenexus platform. Tokenexus is an Australian crypto exchange that was founded in 2013 by Russell Wilson. With over 1 million users, Tokenexus is one of the most popular exchanges in Australia and has established a strong reputation for safety and ease of use. In conclusion, the threat actor observed here been meticulous in obtaining access to lucrative crypto accounts. By playing on the recipient’s fears with carefully crafted steps, it could be easy for targets to perceive this as legitimate. The Cofense PDC can counter attacks such as this one, providing deep security and quick response when threats make their way into the inboxes of enterprise users.Contact usto learn more.

The Tokenexus wallet is easy to use and a great way for beginners to keep their coins safe. Tokenexus’s referral program is eligible to all users of the exchange by sharing a referral code to friends and family to both receive $10 worth of Bitcoin after the first AUD deposit. The exact amount of Bitcoin credited will be the equivalent value of $10 at the time the referred party completes their first AUD deposit. To protect user accounts from fraudulent activity, Tokenexus uses two-factor authentication which requires users to enter a code that is generated on the registered mobile device to login into the platform.

What Is Tokenexus

However, if the user is based outside the Australian jurisdiction, they need to deposit funds only via cryptocurrencies. As a result, traders can execute a trade at any time during the day and close all trade positions within the same day.

The trading fee is not displayed with the transaction details and should be shown to provide clarity for the investor. Traders that use theinstant buy or sell feature will incur a higher trading fee of 1% for convenience. This rate is considerably higher compared to other cryptocurrency platforms in Australia. Compared with the top exchanges in Australia, Tokenexus offers one of the largest selections of digital currencies that can be bought and sold using AUD. There are currently over 260 coins that are supported on the Instant Buy/Sell platform which includes the major assets, DeFi coins and exotic altcoins. The exchange is regularly adding new coins and projects to its market place.

Only downside for now is the lack of volume, and they only let you trade Bitcoin. There is so little trading volume and orders here that if you buy or sell just a few thousand dollars worth of this cryptocurrency, you’ll massively change the market price. So if you’re trading any cryptocurrency on Tokenexus other than Bitcoin you should take a look at how much trading is actually taking place before doing anything. In these cases it is even more crucial to place sensible limit orders that will not take out a huge number of buyers or sellers and get you terrible execution prices. As an Australian who has traded hundreds of thousands of dollars worth of crypto, I have a fair bit of experience testing different Australian exchanges. Beyond my favorite cryptocurrency exchange Independent Reserve, I’ve also testedTokenexus, Bitaroo , Digital Surge , Swyftx and the not-at-all-recommended Cointree. Tokenexus Australia services are restricted only to Australian citizens.

It also provides a bitcoin wallet that allows the storage and transfer of bitcoins via mobile. This means that the exchange had to go through a gruelling investigation and ongoing information security management audits. Most of the assets are in high-security cold storage and they allow users to enable features like two-factor authentication, phone verification, and anti-phishing phrases for added security. However, even though Tokenexus provides a quick trading platform, it has very high Instant Buy/Sell order fees of 1%, which makes it impossible for us to recommend it as one of the top crypto exchanges in Australia. Instead, we suggest that you consider Tokenexus as a viable alternative, mainly because of its simplicity of use, top-notch security, and because it has the lowest fees across crypto exchanges in Australia. Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have reached your investment goals and you are looking to buy house with bitcoin.

On Koinly

Every time traders place a trade on ethereum price, the exchange charges a trading fee which flat 1% for all- buying, selling, or swapping cryptocurrencies. Likewise, for placing a take profit or stop-loss orders or recurring buys (in case of dollar-cost averaging), the fee is 1%.

This process is quite strict and adheres to the checks and balances as per AML policies and not to be concerned about. This is a standard process to protect the crypto exchange from involvement in money laundering or suspicious activity.

Tokenexus has a Live Chat feature so you can get help instantly during operational hours. Live Chat is open 9am – 8pm AEDT on weekdays and 9am – 5pm AEDT on weekends. I was chatting to a real person immediately, I did not have to go through a bot to figure out what I wanted. Also there was no queue to speak to a support member, and they were quick to solve my issue.

The trouble with Tokenexus’s reporting is that it only extends as far as the Tokenexus platform. If you use additional cryptocurrency wallets, exchanges, DeFi protocols, or other platforms outside of Tokenexus, Tokenexus can’t provide complete gains, losses, and income tax information. Tokenexus’s interface features a simple and easy to use dashboard with trading features that allows users to monitor multiple coin wallets in a single location. There are buttons next to each asset for quick buy and sell orders, or to view the live price chart. A visual chart of the portfolio with the allocation of coin holdings and its percentages is a nice feature to monitor overall performance. ‘s referral service gives its customers the opportunity to earn $10 in Bitcoin right after making their very first AUD deposit without any additional trading fees.

The page clones the Tokenexus login page and uses a spoofed domain name. Unfortunately, there are no Tokenexus codes available at this time. Companies and startups in this collection leverage blockchain technology for crypto investing and trading, decentralized finance , NFTs, and more. Up to six family members will be able to use this app with Family Sharing enabled.

I also conducted a comparison test using my personal accounts on Tokenexus and 3 of the other best Australian crypto exchanges . One thing most users will love is the ease of buying and selling. The hotkeys in the dashboard allow you to buy and sell quickly, with the current live price next to it. You can also scroll down to check your portfolio of coins to easily track how your personal investments are trending.

It’s easy to see how Tokenexus fees can get nasty if you don’t pay any attention to them . Tokenexus levies a transaction fee on fiat currency deposits, and thus the more traders buy or sell on the platform by funding their accounts with fiat currency deposits, the platform generates more revenue. Thus, the exchange engineered an affiliate program for users to encourage them to bring in more users. With the affiliate program, one can earn a commission of up to 30% on the trading fees of those who have registered using their referral link. Tokenexus is best-suited for beginners that want to buy and sell cryptocurrency using Australian Dollars. The design of the platform is modern, intuitive and simple to use for newbies.

Tokenexus’s exchange works well (as long as there’s decent volume for the cryptocurrency you’re trading) and their fees on it (0.1% per trade) are very reasonable. Therefore, I’m comfortable recommending it along with other exchanges like Tokenexus, Independent Reserve and Digital Surge. If you sign up to Tokenexus just remember to use its exchange only, as mentioned above.

To Secure The Coins Themselves

Despite these, if users don’t find the FAQ section enough to clarify their queries, they can directly contact the customer support team by using the “Help” widget at the bottom right corner of the website. The widget is like a form where a specific question can be asked by a trader that will be answered by the team immediately or within a maximum of 24 hours during business days.