Cryptocurrency trading has gained much prominence over the years and that’s because of its distinctive features that have displaced the traditional financial market from its eminent position. Crypto trading has always existed alongside cryptocurrency itself. The value of a currency is determined by the level of its usage and acceptability. In this Tokencan Exchange Review, you will become familiar with crypto trading and how to know which crypto trading platform I best suitable for you.
As an investor, you have the right to decide if you want to hold your asset for a long time or you want to trade it. However, trading cryptocurrency goes beyond buying and selling of cryptocurrency. It also includes speculating prices and this is only possible through an exchange platform.
Most of the time, beginners are liable to witness difficulties because they are not fully exposed to the market due to a large number of cryptocurrencies in the market. However, cryptocurrency trading has become less difficult. You can buy, hold and decide to sell your asset through an exchange. The first thing you need to get started is to create an account.
You must not underestimate the importance of trading with a trusted platform. While speculating your gains, deciding the exchange platform which is appropriate should be included as well. While some exchanges may require good tech knowledge before you can adapt to their system, some exchanges put limits on their deposit and withdrawal fee, and some exchanges can be difficult to maintain.
It won’t always depend on strategy or instincts; there are factors that shouldn’t be ignored when you want to choose an exchange platform. This review will guide you on how to trade on Tokencan exchange and why it is regarded as a reputable platform for crypto trading.
|Exchange Platform||Tokencan Exchange|
|Customer Support||24 h|
|Deposit fee||No charges|
|Trading platform Language||Web-based English and the Asian language|
T Net popularly known as the Tokencan is a fast developing market that is situated in South Korea and registered in Singapore. Ever since its launch in 2017, Tokencan has spread to Southeast Asia and also operates actively in the American and European markets. Tokencan is an exchange site that allows the trading of digital assets, issues tokens, and also provides high liquidity for tokens. Tokencan provides a one-stop solution and intermediaries get their profit through the different opportunities provided.
Tokencan has started multiple projects which include Merit Wall, Mining Pool Mall, Misscoin Project Incubator, and so on. However, its projects are not limited to all of these. Since its launch, Tokencan has remained active and highly recognized internationally; this is because it has tried to ensure that there is a win-win situation.
Tokencan has a coin known as YLB and it offers every holder a share of the dividend through smart contracts. Tokencan exchange is a platform that is developed towards the easiness of its users. It allows traders to trade cryptocurrency easily and can be operated through your personal computers or desktops.
The distinguishing characteristics of Tokencan include the ease of use, user-friendly interface, a secured platform with encrypted digital assets. Tokencan has made trading more convenient by providing users with several cryptocurrencies they can trade-in. To ensure that there is a great user experience, Tokencan ensures that there is less restriction on the payment; users can trade with different fiat currencies.
Tokencan exchange has created a platform aimed at making discoveries and also manages projects. Tokencan has a 24h trading volume and a total volume of about $56 billion. Tokencan has worked hard towards maintaining his reputation as being a part of the Americana and European markets.
Tokencan Trading Services
While it is very important that you register with a trusted exchange platform before you commence trading, you can only get to find out through the platform’s trading view. The trading view allows you to see the price chart of different cryptocurrencies the exchange accepts and the level of volatility. The trading view allows you to see the order history and also place your order. This makes it necessary that you examine the trading view before you can decide if it is best for you.
Tokencan allows you to adjust the settings of the trading view to your preference. Before you can begin buying and selling of any cryptocurrency of your choice on Tokencan, you need to open an account and you can decide to use your mobile phone or desktop. Whichever you have decided to use, you can either choose to register online or download on Google Play or the AppStore.
Tokencan offers different services to ensure a better user experience for all their target users. The Oripay is aimed at making things easier for students and their livelihood. In 2018, Oripay youth financial card was launched. The Tokencan exchange also has a game center called Mr.Game to increase the connection between their users and assets. Tokencan is also aimed at providing a one-stop service for agriculture, industries, and the general population through the Sheep ticket. Also, in order to assist investors to get rid of barriers that might make it difficult for them to understand through making a list of about 100 cryptocurrencies known as Miss Coin.
Tokencan Trading Fees
As mentioned earlier, some exchanges are expensive to maintain and may require that a certain limit be placed on the fees. Transaction fees must be in your consideration before you choose any trading platform. Just like any other crypto trading, Tokencan exchange is between the makers and takers.
Whenever an order is placed, you will be charged a percentage for the transaction fee based on the value of what you order. The makers increase the liquidity of any exchange platform because they place new orders to be added to the order book while the takers place orders on the ones existing on the order book.
This means that if you are choosing from the existing order from the order book then you are a taker and this means that your order will be attended to quickly. However, if you are making a new order to be added to the order book then you are a maker.
Most of the time, the makers influence the liquidity rates. In Tokencan exchange, the transaction fees are charged through the “flat fees.” Flat fees mean that both the takers and makers are expected to pay the same fee when it has to do with instant delivery; which is referred to as spot trading. Tokencan charges according to the global industry average and both the takers and makers are charged 0.20%. The normal industry average for spot trading for makers is 0.162% while that of the taker is 0.215%.
Although you may not be charged when holding the Tokencan token but you will be charged whenever a transaction is done. The trading fee on Tokencan is 0.2% and there is a discount of 50% when you use the Tokencan token YLB for payment. Currently, Tokencan does not charge over-the-counter trading.
Creating an account is free and you won’t be charged any fee when you want to make any deposit.
Withdrawal and Deposit Fees
Although the withdrawal fees vary according to the cryptocurrency you are trading with. However, the withdrawal fees are mostly fixed. There is a particular percentage accepted by the global industry average which is 0.0006 per any amount of BTC withdrawn. Tokencan exchange charges lesser than that which is 0.0005 BTC.
Tokencan supports different fiat currencies like US dollars, Euro, Hong Kong Dollars, Pound Sterling (GBP), Australian Dollar (AUD), and Yen (CNY). You can make a payment with your bank card. However, Tokencan only supports cryptocurrency, to begin with. If you are just getting started and you don’t have any, it allows you to register with another account that accepts fiat currency as payment. Buy cryptocurrency there and then transfer it to your Tokencan account.
You don’t have to worry about the cryptocurrency that Tokencan accepts. Tokencan exchange supports a wide range of cryptocurrencies and there are no fees charged when you make any deposit.
The digital wallet is very important for users to store their cryptocurrency and it can only be accessed by the user’s private key. Before you can commence trading, you need a crypto wallet. It does not only help you hold your cryptocurrency but also helps validate every transaction and also ensure that your keys are safe when you need them especially when you want to buy cryptocurrency.
Tokencan exchange wallet allows you to access different tokens and it accepts transfers and deposits with the WeChat. It is very easy to use and highly secured. Also, the Tokencan exchange wallet makes cryptocurrency conversion faster.
Tokencan exchange supports other wallets where investors can choose from. SpectroCoin Wallet which allows the buy and selling of different coins and also accept debit card but it is not entirely easy to use. A better example of a crypto wallet you can choose is Trezor Wallet which has amazing features which include highly guaranteed security, anonymity, and ease of use. Trezor Wallet allows users to buy and sell crypto but they do not allow debit cards.
Tokencan Limits and Liquidity
Although there is no stated limit to the amount of cryptocurrency that you can deposit in your Tokencan exchange account, there is a limit to the number of withdrawals you can request within 24 hours. The minimum withdrawal amount for Bitcoin and Ethereum is 0.001 BTC and 0.03 ETH respectively. If you are withdrawing the Tokencan token, YLB, the minimum withdrawal is 500 YLB.
The maximum amount a user can withdraw within the space of 24 hours is 10 BTC. Before any users can make any withdrawal, they can either decide to make identity verifications or not. Verification is mandatory. If at all there is a need for a user to increase the withdrawal amount beyond the stated limits then they have to contact Tokencan through their public mail.
There is a lot of trading pairs and this is to ensure that users enjoy a good liquidity rate. Also, the trading volume has contributed to ensuring liquidity for traders. In the last 24 hours, the trading volume of Tokencan is 12, 938,844 USDT.
The user’s portfolio is very important when trading cryptocurrency. The journey of building your portfolio begins the moment you fund your account. Tokencan helps users to build their portfolio by giving them a 50% discount when they make use of the Tokencan YLB token for payment.
Your portfolio helps you stay updated when there are any changes to the price of cryptocurrencies and this is to make it easy for you to manage your trading and investments. This is to make things easier and also help overcome cognitive difficulties. This is to ensure that new investors get familiar with the crypto market.
Tokencan is aimed at ensuring that its users are able to build their portfolios. To begin with, you need to create an account. To create an account, you have to go to the website then fill in your details (your name, mobile number, Email, and a strong password). If you have a referral code then you can choose to use that as well. A confirmation link will be sent to your Email after you have created an account on the website, this is to ensure that your account is validated.
Cryptocurrencies Available on Tokencan
In cryptocurrency trading, the volatility rate is determined by the trading volume. Every investor wants to trade in a market that is stable and that is a high volatility market where there won’t always be a fluctuation of prices.
Liquidity means that crypto doesn’t get to lose its value even when it is being converted to other cryptocurrencies. So that there will be enough liquidity for traders to enjoy, Tokencan supports a wide range of cryptocurrencies and also give traders fiat currency through which they can make payments like the Dollars, Yen, Euros, and Pound Sterling. Some of the cryptocurrencies Tokencan exchange accepts include Bitcoin (BTC), Ethereum (ETH), Filecoin (FIL), TRON (TRX), EOS (EOS), Dogecoin (DOGE), Litecoin (LTC), Celer Network (CELR), Ontology (ONT), and a lot more.
Although there is just little restriction placed on countries, Tokencan does not allow investors from the United States to invest in their exchange and that’s because of the Security Exchange Commission. Most exchanges have refused to accept United States investors and that’s to ensure that they are not sued unnecessarily. Should in case you are an American citizen and you want to start crypto trading, Tokencan is not available for US investors.
Tokencan Users Interface
One of the peculiarities of the Tokencan exchange is the user interface. Tokencan exchange is aimed at ensuring that there is nothing hindering users from understanding the market. The interface is easy to use and this is by far one of the best advantages of the Tokencan exchange.
The user interface includes trade history which enables users to know about previous transactions, price charts, order books, and trade views. This is to ensure that traders trade easily and also new investors and traders get accustomed to the market without facing any sort of difficulties.
It is also easy to fund your account and creating an account is also made easy as well.
How Secure Is Tokencan Exchange?
While every crypto exchange is working towards ensuring that users have easy access to their website, they must also ensure that their website is secured. User’s anonymity and privacy must also be maintained. The good thing is that cryptocurrency is decentralized and secured.
Most of the time, it is required that you drop your personal information when creating an account. Tokencan also ensures that a confirmation link is sent to your email so you can verify your account and there is also an OTP code sent to your mobile number.
While the exchange platform has provided security features, it is also important that users also work towards ensuring that their security is not compromised. Tokencan will not put a call through to ask for your password or any details.
Customer support is another way Tokencan exchange ensures that users don’t face many difficulties. When users want to lodge complaints, there is a support desk to do that. Also, Tokencan is very active and responsive. Tokencan exchange has active social media platforms.
Tokencan have their active official page on Facebook so you need more information or there are any complaints, you can reach out to Tokencan exchange on Facebook.
You can also reach out to Tokencan through their email: Tokencan.firstname.lastname@example.org
Other platform includes Twitter, LinkedIn, and WeChat.
By now, you should know it is not advisable to underestimate the importance of investing with a trusted exchange platform. Tokencan provides different products and services to ensure that the best service is offered to users. Most importantly, enable that the satisfaction of every user is guaranteed. Jump on this opportunity to earn in cryptocurrency and trade with Tokencan.