Tokenize Exchange Review
The potential gains and vast opportunities present in the crypto market continue to allure more investors and traders into the crypto sphere. Many individuals now venture into the market to make huge profits and revenue. However, to be able to have access to the crypto market, there’s the need to choose a crypto exchange platform like the Tokenize exchange.
Choosing a decent crypto exchange platform in the crypto industry can be a very difficult task. There’s a pool of exchanges to choose from and several factors to consider such as their product and services, supported cryptocurrencies, fees, security, support, and many more. Having to consider all these factors for several exchanges can become overwhelming and as such we’ve decided to do the work for you.
We’ll be recommending and making reviews of decent and credible exchanges investors and traders (most especially newbies) can make use of to have the best result in the crypto market.
We’ll be discussing one of the top-performing exchanges in the Singapore crypto community which goes by the name Tokenize exchange. This is the Tokenize exchange review and in this review, we look to provide to you, detailed and accurate information about the Tokenize exchange. We’ll expressly discuss its product and service, benefits, features, and overall trading operation.
|Exchange Platform||Tokenize exchange|
|Trading assets||Bitcoin, Ripple, Stellar, Ethereum, Litecoin and so much more|
|Payment method||Wire transfer and Crypto transfer.|
|Security||Two-Factor Authentication, IP whitelisting, and mult-sig authorization Know Your Customer.|
|Trading platform||Web-based platform and mobile app|
The Tokenize exchange is one of the prominent crypto exchange platforms in Asia. The exchange platform was established in early 2018 founding its headquarters in Singapore – the home of many crypto exchanges in the crypto industry. The Tokenize exchange platform was primarily established to give simple and smooth access to the crypto market, allowing investors and traders to exchange various digital coins with ease.
Owing to the excellent and incredible trading services the Tokenize exchange platform has been providing since it was founded, it has been able to attract more than 100,000 customers globally to trade various cryptocurrencies on its trading platform within a short time. The Tokenize exchange has been motivated by this growth and plans to continue to expand spreading its services across the continents.
The Tokenize exchange offers investors and traders the opportunity to trade both fiat-to-crypto and crypto-to-crypto trading pairs on its trading platform. Client’s of the Tokenize exchange can also participate in the ICO offerings listed on the exchange platform. The exchange platform also takes pride in offering a very simple and decent trading platform on the exchange listing about 20 major digital coins. The digital coins listed on the exchange platform include Bitcoin, Ripple, Stellar, Ethereum, Litecoin and so much more. These digital coins are traded against one another, Us dollars, and Singaporean Dollars.
Tokenize, in looking out for the best interest of its clients, offers incredible features and products giving its clients an edge over other crypto investors in the crypto market. As mentioned earlier, this review will expressly examine these services and products so you can see if the exchange is best for you.
Registration and Verification of Account
Creating an account with the Tokenize exchange is straightforward and very easy. A simple visit to the exchange’s website kicks off the whole registration process. A click on the “Sign up” button opens up the registration page where you’re asked to choose the type of account, input your username, email, and password. After that is done, you click the “Sign up” button to complete the registration process. A confirmatory email is sent to the email address provided so you can verify the email address and finalize the whole process.
Please note that there’s a minimum age requirement of 18 years to become eligible to create an account with the Tokenize exchange platform. Creating an account is totally free and it takes just a few minutes to be through with the entire registration process.
After registration comes the verification of the account. The Tokenize exchange platform compels every one of its clients to complete the verification process before they can be allowed to store, sell and buy various cryptocurrencies on the exchange platform. This requirement is in compliance with the Anti-Money Laundering, Countering Terrorism Financing (AML/CTF), and Know-Your-Customer (KYC) policies.
To complete the verification process clients are required to submit a proof of residence (which could be a utility bill such as water or power bill or bank statement) and proof of identity (government-issued ID or passport). Once these documents are submitted, it is processed and approved within two working days. After that, you start trading fully.
Product and Services
- Insurance Protection
The Tokenize exchange platform ensures clients’ crypto assets in its hot wallets up to $100 million. This provides a safety net to clients’ investment in case of a successful cyberattack. With this insurance coverage, clients of the Tokenize exchange platform are well assured of the safety of their funds. This insurance coverage is offered by the renowned custodian BitGo.
- Token Store
The Tokenize exchange platform provides detailed information and guides to tutor and assist newbie investors in the world of cryptocurrency. Clients of the Tokenize exchange platform get to use the ‘Token Store’ which makes available profound metrics and analysis and metrics on various digital coins. Clients also get to have an insight into the market sentiment which they can take advantage of to make more profits.
- Referral Program
Tokenize also runs a periodic referral program usually in batches allowing its clients to earn more income asides from trading. The percentage to be earned on each referral varies from one batch to the next and the reward is paid directly into the Tokenize wallet when due.
- Earn Monthly Interest
The Tokenize exchange having the best interest of its clients at heart offers an annual percentage yield (APY) on about 18 of the 20 supported cryptocurrencies listed on its trading platform. Clients of the Tokenize exchange get to earn APY interest between 4% to 12% on these selected digital coins provided they store these crypto-assets in their Tokenize wallet.
One of the major concerns for investors, traders as crypto exchange platforms in the crypto market today is the issue of security. There’s been a continuous widespread of fraudulent activities, hacks, and cyberattacks that have become a menace in the crypto industry. A lot of investors have lost their investments to these hacks while exchanges have declared bankruptcy as a result of a major hack into their database.
To this end, the provision of adequate security for clients’ investment funds, personal data, and the exchange itself has become the topmost priority for many crypto exchange platforms (including Tokenize) in the crypto market.
As an investor in the crypto market, it is now your responsibility to find a crypto exchange that takes security concerns as the topmost priority so that you can trade with ease without having to worry yourself about the safety of your funds. However, it is also important to be security-conscious and guard your login and sensitive details jealousy to further protect yourself.
The Tokenize exchange platform places the security of its clients’ funds and sensitive data above anything else. The exchange platform has established and integrated some of the latest and advanced security technologies and software with its security system while also following the government’s laid down policies to either protect its clients. The Tokenize exchange platform integrates the Two-Factor Authentication, IP whitelisting, and mult-sig authorization within its security system. As mentioned earlier, the exchange platform is in compliance with the Anti-Money Laundering, Countering Terrorism Financing (AML/CTF), and Know-Your-Customer (KYC) policies ensuring that each trading account can be linked to an individual in real life. Let’s have a look at some of the security the technologies;
- IP whitelisting
The Tokenize exchange platform integrates the IP Whitelisting security feature to control and limit access to the exchange platform only to registered users and staff of the exchange platform. This ensures that unauthorized third parties access into the Tokenize exchange database is prohibited from safeguarding clients’ personal data and information.
- Multi-sig Authorization
The Tokenize exchange makes use of the multi-signature address to provide for its clients an extra layer of security for their funds. This ensures that the digital wallets are safer and easily accessible even when they lose one of the private keys in their possession.
- Two-Factor Authentication (2FA)
Two-Factor Authentication (2FA) provides an extra layer of security to clients’ trading accounts. It also ensures unauthorized third-party access into clients’ trading accounts. The 2FA assists in securing sensitive trading activities such as password reset, logins, and withdrawals performed by investors on the Tokenize exchange platform.
As a new investor in the crypto market, a vital feature you must evaluate when choosing an exchange platform is the trading platform offered. The trading platform is one of the basic features that distinguish a credible exchange platform from a mediocre. The trading platform is the software algorithm that controls the entire trading operations carried out by investors on an exchange. Hence, a mediocre trading platform translates to inefficient trading and analysis.
In situations where a trading platform is bad, system lags are expected to occur when trading which causes delays in various activities and transactions eventually leading to losses. Also, some trading platforms lack the basic trading tools and indicators making it more difficult for investors to carry out various market analyses.
For the Tokenize exchange platform, the team behind the exchange ensured that the trading platform offered to its clients is of simple design, intuitive, and adequate to meet the needs of all kinds of investors and traders in the crypto market. The Tokenize exchange platform offers both the web-based platform and mobile trading app to its clients so they can choose one that best suit their trading situations.
Both the web-based trading platform and mobile trading app are of very simple design allowing simple navigation by both newbie and professional traders. They both have a simple interface and are incorporated with standard trading tools and indicators to assist investors to carry out various technical market analysis.
Please note that the mobile app offered by Tokenize is only supported by Android OS and so it is only available for download on Google Play Store. For clients using iOS devices, the exchange platform is already working to roll out the iOS version of the mobile trading app soonest.
Membership Pricing and Fees
The Tokenize exchange platform offers a membership program for all its clients. The exchange groups its clients into a basic, premium, and platinum users depending on the TKK held. Upon creating an account with the exchange platform, clients are classified as a Basic user but clients who hold a minimum of 160 TKK is classified as Premium user, and clients with more than 800 TKK are classified as Platinum users.
Each membership comes with customized incentives and rewards include discounts on trading fee and withdrawal fees
- Trading Fee
The Tokenize exchange employs a flat rate fee structure for its trading fee. The implies that the exchange doesn’t split its trading fee into makers and takers fee as it charges the same fee for both. Tokenize charges a trading fee of 0.25% on every trade executed on its trading platform.
This fee isn’t quite competitive as it follows suit with the industry’s average which is roughly 0.20% – 0.25%. The emergence of new crypto exchanges charging relatively low trading fees around 0.10% – 0.15% puts the Tokenize exchange at a disadvantage.
- Withdrawal Fee
The withdrawal fee charged by the Tokenize exchange platform isn’t specific but percentage-based. The exchange platform charges a withdrawal fee of 0.02% on every withdrawal made on the exchange platform. Please note that this withdrawal fee is never lower than 0.0005 BTC.
With the exchange charging a percentage-based withdrawal fee, it implies that the bigger your withdrawal amount, the more the withdrawal fee you’re to pay. This model sees the client of Tokenize exchange platform pay a relatively high withdrawal fee compared to other exchanges.
Withdrawal and Deposit
The structure of every investment scheme requires an initial deposit to be made so that profit can grow when such investment grows and this also applies to the cryptocurrency market. The next step after successful registration and verification of an account with an exchange platform is the deposit of the initial investment.
With the deposit of this investment capital, investors and traders can leverage the initial deposit to trade various digital coins in the crypto market. Also, since the primary aim of venturing into the crypto market is to maximize profits, the need to make withdrawals becomes apparent.
Many exchange platforms in the crypto industry in recognizing this reality provide various methods of payments so investors can deposit and withdraw funds with ease. The Tokenize exchange also follows suits offering two different types of payment methods; wire transfer and crypto transfer.
Clients of the Tokenize exchange platform can deposit and withdraw US dollars and Singaporean Dollars into their trading account using wire transfer. However, the use of debit or credit cards is not enabled on the exchange platform. For crypto transfer, clients can easily transfer supported coins from an external crypto wallet into the Tokenize wallet instantaneously and vice versa.
The customer support offered by an exchange is the pillar of such an exchange. Support is so crucial to investors and traders in the crypto market most especially during unforeseen circumstances and this fact is not lost on exchanges. Therefore an exchange platform that fails to offer adequate support cannot be relied on as it is an indication of how much such an exchange prioritizes its clients.
The Tokenize exchange platform offers remarkable customer support to its clients. It provides diligent and intellectual customer representatives that are eager and ready to provide answers to clients’ requests and complaints. Client’s of the Tokenize exchange platform can reach these representatives via various support channels like email, live chat, and phone call.
The exchange platform also makes available an FAQ section that answers some of the frequently asked questions by newbie investors who just joined the exchange platform reducing the pressure on customer representatives.
The Tokenize exchange platform has gained the trust of so many crypto traders and investors in the crypto market as a result of the excellent trading services it brings to the table. Being a relatively new exchange platform, Tokenize has been able to achieve much success in a relatively small time.
From this comprehensive review, it is not far-fetched to conclude that the Tokenize exchange platform is an impressive crypto exchange. Its security measure, highly intuitive trading platform, product, and services make it one of the ideal options both newbie and professional investors can partner with.
While this review provides all the necessary information about the Tokenize exchange platform, we recommend that you visit the exchange’s website to have more updated information on any changes that may have transpired after this review.