Tokenize Review: Is it legit, safe and trustworthy for UAE citizens and residents?
Tokenize is a Singapore-based controlled cryptocurrency exchange. It has been
operational from the year 2018. The site claimed to have more than 1000,000
members. Tokenize lists its "easy and straightforward to use interface" as one
of its primary advantages, along with a number of its other notable benefits. In
addition to its capabilities for crypto-to-cryptocurrency trading and initial
coin offerings (ICOs), the platform is marketed as having the ability to link
fiat currency with cryptocurrencies. Visit
To the best of our knowledge, Tokenize does not restrict the participation of investors from the United States on its trading platform. In any case, if you are an investor from the United States and you want to start trading here, you should conduct your own research to determine whether or not you are subject to any state laws or other regulations that prevent you from trading here. If you are, then you should refrain from trading here. One can never have too much certainty.
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Trading perspectives might vary greatly between various markets. In addition, there is no perspective that can be described as "the finest" overall view. You should assess for yourself which trading view is most suitable for you in order to maximize your profits. The order book, or at least a portion of the order book, a price chart for the cryptocurrency of choice, and an order history are often displayed in each of the views. This is generally the only thing that all of the views have in common. In addition to that, they often have purchase and sell boxes. Try to get a feel for the trading view of an exchange before you commit to using it so that you can determine whether or not it resonates with your own preferences. The image that may be found below depicts the trading perspective at Tokenize:
There is no distinction in the fees that are charged to makers and takers on this trading platform. The trading costs associated with such exchanges are typically referred to as being "flat." This might be an appealing trading cost model for investors who choose to pick up existing orders from the order book instead of placing their own orders.
The standard trading cost charged by Tokenize is 0.25 percent. It is possible to claim that 0.25 percent is the average for the industry; therefore, Tokenize does not have a competitive advantage or disadvantage in this regard.
Tokenize offers withdrawal fees that are calculated as a percentage (0.02 percent), however they are never less than 0.0005 BTC. This indicates that, in the same way that the costs charged for trading are a percentage of the relevant amount, so too is the fee charged for withdrawing money from the platform (or 0.0005 BTC). When it comes to trading fees, the costs are calculated as a percentage of the amount that was exchanged. Withdrawal fees are calculated as a proportion of the total amount that is being withdrawn. However, out of the more than 600 exchanges that we have listed in our Exchange List (and that have closed down and been moved to our Exchange Graveyard), only 15 to 20 of them have charged percentage-based withdrawal fees. Virtually all cryptocurrency exchanges around the world have fees that are calculated as a percentage of trades. The other ones have predetermined prices (e.g. around 0.0005 BTC per BTC-withdrawal, but without an additional percentage component). As a result, the method of charging for withdrawals that Tokenize uses is fairly exceptional.
You won't come out ahead under this exchange's current charge structure, which is a combination of percentage and flat fees. The cost cannot be less than 0.0005 BTC under any circumstances. Nevertheless, if you take out 10 BTC, the withdrawal cost drops to 0.002 BTC (very high). When it comes to withdrawing from Tokenize, which does not in any way prioritize the needs of its customers, you could say that you are stuck between a rock and a hard place.
This particular exchange supports deposits made by wire transfer, however credit card deposits are not accepted here. People who have never traded cryptocurrencies before may begin their careers here thanks to the availability of wire transfer, which is a feature that proves to be of great assistance to these individuals. If, on the other hand, you have no choice but to use a trading platform that allows deposits of fiat money through credit card, you should head over to our Cryptocurrency Exchange List and seek for platforms that have green checkmarks in the "credit" column.
Tokenize advertises its security as one of its primary features and benefits. In particular, they highlight the fact that they have multi-signature authorisation in addition to two-factor authentication and IP whitelisting.
The number of people in Singapore who are interested in Bitcoin and other cryptocurrencies has been growing recently. In order to obtain their complete licenses, a number of exchanges are now awaiting authorization from the Monetary Authority of Singapore (MAS). A new cryptocurrency exchange operating in Singapore that falls under this criteria and will be the subject of a comprehensive study here on Tokenize.
Tokenize Exchange is a cryptocurrency trading platform that was established in early 2018 and is headquartered in Singapore. Individuals may acquire digital assets such as Bitcoin and Ethereum using Singaporean Dollars (SGD) using Xfers thanks to the exchange's user-friendly and straightforward graphical user interface (GUI), which is easy to use. Tokenize Exchange has had meteoric expansion ever since it was founded; currently, over 100,000 clients make use of the company's many goods and services.
Tokenize Exchange gives its customers the ability to invest in 20 of the digital assets and trading pairs that are now the most sought after and liquid in the market. The exchange allows for trading of each coin against Singapore dollars, United States dollars, Bitcoin, and Ether.
When purchasing cryptocurrency through the use of an exchange, having low trading costs is a crucial aspect. Tokenize Exchange has tiered pricing for its fees, with Premium members paying rates as low as 0.1 percent, making it one of the most competitive cryptocurrency exchanges in Singapore. Tokenize Exchange is situated in Singapore.
BitGo, a prominent global custodian, provides insurance coverage of up to USD $100 million for funds that are kept in hot wallets provided by Tokenize Exchange. Customers who use the site are given some measure of peace of mind by the existence of an insurance program, despite the fact that it is also encouraged to move cryptocurrency to a hardware wallet.
The Tokenize exchange provides novice cryptocurrency investors with in-depth guidelines and information to assist them in making informed investment decisions. Users of the site have access to a feature called "Token Store," which offers in-depth information and analytics pertaining to each currency that is supported. In addition, a summary of the current market sentiment is provided, which investors may find helpful. This is comparable to the crypto fear and greed index, which is an informative tool that can infer whether the market is due for an upswing or a correction based on the trading activity of market participants. In this case, the trading activity of market participants serves as the basis for the inference.
Users who store cryptocurrency assets within a Tokenize wallet have the opportunity to earn interest payments ranging from 4 percent to 12 percent annual percentage yield (APY) on a selection of 18 different digital currencies. This feature is comparable to popular platforms for lending and borrowing such as BlockFi, Hodlnaut, Coinrabbit, and Nexo.
When choosing a cryptocurrency exchange, it is essential to prioritize the safety and security of the assets held on the exchange. After going over the security page for the Tokenize Exchange, one can see that the company has developed stringent KYC measures in accordance with the local rules.
There is no information supplied on the use of industry-standard security features such offline cold-wallet storage, address whitelisting, or multi-signature withdrawals. Two-factor authentication is a form of account security that allows users to reduce the likelihood of unwanted access to their accounts by activating it.
Tokenize Exchange is a global trading platform for cryptocurrencies that allows users to trade digital currencies for other assets. Their fiat-to-cryptocurrency exchange is exclusively open to Singapore citizens and permanent residents who deal in SGD. Users whose areas and jurisdictions are supported by the exchange can send cryptocurrencies to the exchange so that they can be traded with other cryptocurrencies.
Tokenize Exchange requires users to be at least 18 years old before they may register an account with the platform. Creating an account is a simple and quick procedure that won't take more than a few minutes of your time. The creation of a Tokenize Exchange account or wallet, as well as its ongoing maintenance, does not incur any costs. In order to begin the registration process, you will be needed to provide a working email address.
Users are required to pass an identity verification procedure before they are able to trade on the Tokenize Exchange. The Know-Your-Customer (KYC), Anti-Money Laundering, and Countering Terrorism Financing (AML/CTF) guidelines that have been outlined by the Monetary Authority of Singapore must be adhered to in order to fulfill the requirements of this mandate (MAS). Please check out the website for any more information on the KYC verification.
If you live in Singapore and want to buy Bitcoin, Ethereum, and other digital currencies, you may use any of the three deposit methods that are included in the free basic account that you get with Tokenize Exchange. On the Tokenize Exchange, the following methods of depositing funds are supported: transferring funds, swapping funds from an XSGD wallet, and depositing funds via a bank.
Read this page for information on how to link an Xfers account in order to purchase cryptocurrency. Customers who are not yet enrolled with Xfers have the option of depositing monies through a bank deposit instead. In order to accomplish this, you will need to fill out a bank transfer request form and include information such as the SWIFT Code, bank name, and account number. After we have received a bank transfer form that has been completely filled out, the money will be executed within a few minutes.
Tokenize Exchange wallets may be funded with fiat currency in Singapore Dollars (SGD) by Premium and Platinum Members. The payment options are the same as the ones available with the Basic account. Users are able to move to the 'Market' tab in order to make buy and sell orders when the account has been financed with fiat currency.
Tokenize Exchange makes it possible for people living in Singapore to acquire cryptocurrencies by utilizing Singapore dollars (SGD). There are twenty various cryptocurrencies available, and some of the most prominent ones include Bitcoin, Ethereum, Litecoin, and XRP. You may select from any of these options. Popular DeFi tokens including COMP, AAVA, and Sushi may be purchased on the market using fiat cash. Additionally, the exchange offers trading in Sushi.
Each item is presented in the form of a list, and before making a purchase, prospective buyers have the option to expand the list into a full-screen candlestick chart. It would appear that the charts are powered by TradingView, a popular platform known for offering comprehensive crypto charting capabilities, sketching tools, and indicators. An input box, which functions in a manner analogous to that of a cryptocurrency trading platform, may be used to place orders.
For instance, the customer can acquire Bitcoin with Singapore Dollars by making use of a market or limit order. Before finalizing the order, the entire amount of the charge that must be paid in fiat currency is displayed at the bottom of the page. When selling Bitcoin for Singapore Dollars, the same procedure must be followed.
According to our assessment, the order entry window that was just shown is best suited for intermediate and experienced traders who are familiar with the phrases limit order and market order and who know how to read a price chart. Beginners would benefit from having a straightforward widget or a fast exchange tool on the home page or dashboard to convert fiat dollars into bitcoin.
Tokenize Exchange provides its customers with a membership scheme that may be upgraded to either basic, premium, or platinum status. When a user first registers for an account with Tokenize, they will immediately be upgraded to the free basic account type. The reduction of trading costs and the elimination of withdrawal fees are among the benefits that come with upgrading to a Premium or Platinum membership.
The costs charged by Tokenize Exchange for trading digital currencies are different for each membership tier available. Users who buy cryptocurrency using fiat currency and use a basic account that is free will be charged a fee of 0.8 percent every transaction even if the basic account is free. By subscribing to a Premium or Platinum membership, respectively, you may cut the charge to 0.5 percent or 0.1 percent, depending on which level you choose.
Trading digital currency for another kind of digital currency employs a similar fee structure, which begins at 0.25 percent each transaction and may be decreased to 0.2 percent and 0.1 percent by upgrading the membership. When compared to other prominent trading platforms, the initial charge to buy, trade, and sell crypto on this platform is more for new users who are signing up for the free account. Upgrading to the Platinum program in order to obtain a 0.1 percent reduction in costs is one of the most cost-effective options currently available.
Two-factor authentication, often known as 2FA, is the industry standard for safeguarding user accounts. Tokenize Exchange incorporates this security measure. There is a mention of further security procedures that are in place to provide the highest level of safety for customer cash or information; however, these are not published, even though they need to be if the exchange places the utmost importance on security.
It would appear that Tokenize Exchange is a legal cryptocurrency exchange that is supervised by the Singaporean government. The Monetary Authority of Singapore's Know Your Customer and Anti-Money Laundering legislation have been complied with by the platform (MAS). There are stringent verification systems in place for identification in order to cut down on the potential for fraudulent conduct and unlawful financing of activities connected to terrorism.
Are Funds Stored On Tokenize Exchange Safe? On the website, it is stated that Premium Members' cash would be safely removed in the highly improbable case of an unavoidable shutdown of their bank account, for example as a result of a change in regulation. This is a reassuring assurance for Premium Members. Visit the website if you want additional information about this subject.
To finish this review of Tokenize Exchange, we'd like to point out that the site offers users situated in Singapore a simple and user-friendly exchange where they can buy and sell cryptocurrencies using the fiat currency of their home country. The fact that the exchange is compatible with the most widely used digital currencies, such as Bitcoin and Ethereum, and that they can be purchased through Xfers makes it suitable for people of the area.
It may be fairly difficult to select a fiat currency to cryptocurrency
exchange in this day and age of advanced digital currency trading. Traders need
to evaluate a variety of factors before engaging in the trading of fiat
currency. These factors include features, kinds, advantages and disadvantages,
trading costs, and other significant cryptocurrency characteristics. Tokenize
Exchange is only one of the numerous well-established systems that are available
for use by cryptocurrency exchanges that make it possible to engage in trading
with a minimal amount of hassle. However, before to entering the trading zone,
it is essential to have up-to-date knowledge and read this evaluation of the
Singapore-based firm Tokenize.
Traders now have a significant number of alternatives to choose from when it comes to trading on currents that have the potential to make gains when the market reaches a high point. When you have knowledge on these topics, trading will become much simpler for you.
Either conducting in-depth research on the Tokenize platform or reading other people's experiences with it is a great method to obtain a comprehensive understanding of the Blockchain technology trading platform. It includes all of the facts that will assist you in moving forward with the Bitcoin investment with self-assurance.
Tokenize, which debuted in 2018, is now the most well-known cryptocurrency trading platform available and ranks first in the Blockchain technology sector. This exchange platform was established in Singapore, which is home to a large number of cryptocurrencies, for the sole purpose of streamlining transactions in the crypto marketing industry and making it easier for traders, investors, and exchanges to conduct business. In the near future, traders will be able to trade around 20 different digital assets and deposit digital currency.
Since it was first introduced to the market, the cryptocurrency trading platform has garnered widespread praise from customers. At the moment, it is currently among the finest exchanges in the cryptocurrency sector and has accounts for more than 100,000 investors all around the world. On its trading platform, it supports trading pairings including both fiat currency and cryptocurrency.
Traders can also participate in initial coin offers (ICOs), which are displayed on the platforms. Tokenize Exchange has made its way onto the list of the top 20 largest digital currency because to the simplicity of its trading process.
Why Should You Go with Tokenize?
Tokenize Exchange is a great choice for a number of reasons, one of the most essential of which is the fact that it provides users with the opportunity to purchase and sell digital currency at the most favorable price. Furthermore, the security of this platform is of the utmost importance since it implements a Know Your Customer policy in order to prevent anti-money laundering operations.
Even the Singaporean dollar may be used for business transactions if you so want.
Tokenize Exchange is equipped with a number of tools that may assist investors in a variety of different ways.
The trading platform of the exchange makes it simple to purchase and sell prices in order to facilitate transactions. In addition, you have the ability to set limits on the purchasing and selling of orders. You have the ability to queue your orders under the section of efficient trading that allows you to do so until they are filled.
Traders may experience instant depositing and withdrawing of Bitcoin and other cryptocurrencies within a few seconds, giving them more time for other trading activities.
The trading activity carried out by investors is protected to the highest possible standard by the platform. IP enables listing, and two-factor authentication adds an additional layer of safety. In addition, a multi-signature security approach and a hybrid wallet mechanism give the guarantee that one may sign up.
Users are given the opportunity to investigate the developing blockchain technology thanks to this feature. Offline educational sessions are held on a regular basis to provide investing guidance and education for news traders trading cryptocurrencies. There are useful guidelines available, each of which is accompanied with material that has been recently updated.
Traders are able to deposit and withdraw their digital money via the Tokenize wallet, which is an exclusive feature.
Traders that use the Tokenize platform may also take use of some of the platform's other perks. The following are some of the advantages:
Withdrawal costs and trading expenses that are competitive, as well as monthly interest
Simple and quick deposit options
Offers the ability to purchase and sell 20 different cryptocurrencies.
Xfers and bank transfers are both acceptable deposit methods for users of SGC.
Maintains insurance coverage of one hundred million dollars
Earning interest at a rate ranging from 4% to 12% per year can be accomplished through the use of a tokenized wallet.
Under its cryptocurrency platform, the Tokenize exchange provides a number of different services. Traders may benefit from secure trading thanks to these services, which provide everything they need under one roof. Tokenize exchange offers a variety of services, including the following:
The Tokenize trading platform is giving customers who possess crypto assets the opportunity to win $100 million. This is the most important and crucial service that the platform offers to its users. In the event that the platform is subject to a cyberattack of any kind, it also serves as a safety net for customers who are intending to make an investment. The cash belonging to Tokenize's customers are protected thanks to this insurance coverage.
The software offers a comprehensive view into the cryptocurrency market as well as trouble-free solutions for conducting trades. Customers who utilize the Tokenize exchange platform have access to a feature called the "Token Store," which provides in-depth stats and research about a variety of digital currency. Traders will also receive up-to-date information on the sentiment of the market, which will assist them in making greater profits and gaining experience.
This platform, similar to other exchanges, offers its customers the opportunity to earn additional income by participating in a referral program that is operated on a periodic basis. The percentage earned from each referral fluctuates from one batch to the next, and the reward is automatically deposited into the user's wallet upon completion of the task.
Tokenize Exchange provides its customers with the highest possible returns on their investments by displaying the annual percentage yield (APY) for about 18 of the 20 cryptocurrencies that are supported by the site. Investors can receive annual percentage yield (APY) interest of about 4% to 12% on selected coins that are either accessible or saved in the wallet.
Tokenize: An Analysis of the Pros and Cons
Tokenize, like every other platform for exchanging Bitcoin, has both advantages and disadvantages that you need to be aware of before trading. In this assessment of the Tokenize exchange, some of the benefits and negatives that are highlighted are as follows:
fees for withdrawals are kept to a minimal.
There are costs associated with trading as well as withdrawals.
possesses a trade insurance policy of one hundred million dollars.
There are no sophisticated trading and risk management tools available.
Platform for high-end security that incorporates two-factor authentication.
The trading of fiat currency for cryptocurrencies is only allowed in Singapore.
Supports around 20 different cryptocurrencies for use in transactions.
Provides chances for the referral program.
Creating an account on the Tokenize Exchange is a simple and quick process. Visit the website of the exchange first. There, you will get a detailed walkthrough of the registration process. The next step is to select the sort of account you want to have by clicking the "Sign up" button, which will open the registration page where you can submit all of your information, including your username, email address, and password.
To participate on this site, you must be at least 18 years old. Creating an account is completely free of charge and will only take a few moments of your time. The verification procedure on the platform requires a lot of attention to detail.
The finest aspect of the website is the two-step authentication procedure, in addition to the know-your-customer check. Before trading, selling, or purchasing different cryptocurrencies, the website makes certain that every user has successfully completed the verification procedure.
Traders will be asked to present proof of identification and proof of domicile as part of the Know Your Customer (KYC) procedure, which is the identical verification process. This is for the purpose of combating the financing of terrorists. The verification procedure will take place over the course of two business days after any of these documents have been given and processed.
To sign up for a Tokenize Exchange account, navigate to the account page and click the registration button. There is no charge.
Please provide an email address that is currently active so that the verification email may be sent to you. To activate your account, you will need to click on the verification link.
After the procedure is finished, you will be required to authenticate your identification, which may be accomplished through the KYC process. The verification process to prevent any form of money laundering activities should always begin with getting to know your customer.
If you are a resident of Singapore, you may verify your status by integrating your account with MyInfo, a digital tool that gives people the ability to modify their personal data.
After successfully logging in, you will be prompted to provide all of your personal information, including your name and address, so that it can be matched with the papers.
Provide a proof of address, which should include a utility bill that is at least three months old and should be in your name. You may even send a passport copy.
After everything has been checked out, a verification message will be sent to you.
The Tokenize Exchange platform provides customers with an appropriate membership scheme that may be either primary, platinum, or premium. After the customers have opened the trading account, the basic free account will be given to them automatically. The cost of becoming a platinum user is 800 TKK, whereas the cost of being a premium member is just 160 TKK.
Platinum trading rates are available to users who have upgraded to a platinum membership account. Members who pay a premium cannot.
Each membership account comes with perks and benefits, such as reductions on trading costs and withdrawal fees, that may be redeemed for further savings.
How Much Do the Fees for Trading on Tokenize Cost?
Trading costs on the Tokenize trading platform are charged at a fixed rate instead than being broken down further. Tokenize imposes a trading fee equal to 0.25 percent of the total value of any transaction carried out by a trader on their platform. On the other hand, the platform gives the impression that it does not divide its trading fee with the cost that the takers pay because, according to the market, the fees for takers and makers are the same.
These are the most competitive rates for the trading purpose as the platform follows suit, with the average fees charged by companies in this industry coming in at somewhere between 0.20 and 0.25 percent. However, as a result of the advent of new exchange platforms and coins, many firms now charge the lowest costs possible, which are often between 10 and 15 percent.
There is no clear information on the withdrawal charge that is associated with trading on the Tokenize exchange platform. All of the fees are calculated based on a percentage of the total. The charge for making a withdrawal is 0.02 percent of the total amount that the trader withdraws. On the other hand, the charge for withdrawing bitcoins is never less than 0.0005 BTC.
Because the exchange deducts a certain percentage for processing withdrawals, this indicates that you will be required to pay larger percentage costs if the amount being withdrawn is substantial. Therefore, you need to compute the withdrawal costs that correspond to the amount that you intend to remove from your account.
Tokenize's Various Options for Making Deposits and Withdrawals:
In order to ensure that you make a sufficient profit in the long run, you will need to deposit a certain amount of money into each exchange platform. After you have completed the registration process for the Tokenize platform, you will be required to make an initial investment deposit of certain amount.
Capital deposits allow traders and investors to participate in the cryptocurrency market and take advantage of the many different digital coins available. The major objective here is to enter the cryptocurrency market in such a way as to maximize earnings.
Exchange platforms that are associated with the cryptocurrency business are aware of the necessity of providing a variety of payment options. Because of this, it is simple for traders to deposit and withdraw money.
The Tokenize exchange platform follows a similar pattern by providing users with two more payment options, namely crypto transfer and wire transfer.
Using the wire transfer, traders who use this website for exchange trading may make deposits and withdrawals in Singaporean dollars as well as US dollars. On the internet, there is no access to debit or credit card transactions, which is unfortunately the case.
If you are a platinum and premium member, the actions that need to be followed are as follows:
Visit the Wallet section of the homepage page for the platform, scroll down until you reach the Fiat Balance, and then click on the "+" symbol to make a deposit of funds.
In this section, you can discover information on three different methods for depositing money: Deposit by Bank, Xfers Direct Transfer, and Swap from XSGD.
Purchasing Cryptocurrency Using Tokenize
Traders that use the Tokenize platform have the option of purchasing cryptocurrency with Singaporean Dollars (if Singapore resident). There are twenty different cryptocurrencies available to choose from and purchase. Additionally, DeFi tokens such as COMP, Sushi, and AAVA may be used on the site.
Tokenize Exchange is a Singapore Digital Currency Exchange that is helping to facilitate the selling of a variety of new digital currencies through its TKX ICO (Initial Coin Offering). Traders will be able to purchase and sell listed digital currencies at the most favorable rate possible when they use this TKX ICO.
When it comes to cryptocurrency trading, one of the most important things that investors have to invest in is safety. Because so many exchanges are currently being targeted by cybercriminals and hackers, it is becoming increasingly difficult for traders to secure their digital assets. Keeping this in mind, Tokenize Exchange provides top-tier safety measures and a prosperous trading environment.
Before a user may log in to their Tokenize account, a supplementary method known as two-factor authentication (2FA) is used to authenticate the user's identity. The system is built to comply with the most up-to-date security technology regulations, which also adhere to regulatory guidelines for straightforward access.
Only registered users will be able to gain access to the platform because of this safety feature, which helps restrict who may use it. This eliminates the possibility of unwelcome access to the platform from unidentified third parties.
Traders will benefit from an increased level of safety for their cryptocurrency assets thanks to the multi-sig authorisation. This is done to guarantee the security of their digital wallets.
In the same way as the previous two, the two-factor authentication (2FA) assures that no unauthorized third party will access the site. Two-factor authentication helps protect sensitive data, including as information on deposits, withdrawals, and depositing-in details.
The rules provided by the Monetary Authority of Singapore (MAS) are used as a benchmark in the self-review or audit that the exchange performs.
Support for Customers Should Be Tokenized
Tokenize Exchange places a high priority on providing excellent service for its users. The organization is supported by knowledgeable customer service specialists who are always ready to help. Traders also have the option of contacting customer service personnel through e-mail, live chat, or via phone.
Tokenize exchange has established a strong reputation despite the fact that it is still relatively young in the business of cryptocurrency exchange platforms. It is supported by a fair number of security precautions, customer service, and several cryptographic alternatives. However, there is still a significant distance to travel for the platform, as a great number of new exchanges will be created along with rising digital currencies.
Read this evaluation of the Tokenize exchange before you start trading or making any investments. It is in your best interest to do so.
Tokenize evaluations indicate that after the implementation of several different security measures and KYC verification, the Tokenize Exchange has become a secure place for trading. In the previous portion of our Tokenize exchange review, we discussed many important facets of security.
Is Tokenize Exchange Regulated? The AML policy, which stands for "Prevention of Money Laundering and Terrorist Financing," is adhered to by the platform. In addition to this, it engages in self-assessment in a manner comparable to that of the Monetary Authority of Singapore (MAS.
Which Nationalities Can Participate in the Tokenize Exchange? It is a platform for worldwide cryptocurrency trading. But the conversion of fiat currency for cryptocurrency is only open to people who live in Singapore at this time.
Tokenize Exchange is a digital currency exchange that operates out of
Singapore and makes it possible to purchase and sell a variety of digital
currencies, including those that are already well-established and others that
are still in their infancy.
Tokenize is a team that has the goal of constructing the digital currency exchange of the next generation, which will provide support for both established and new digital currencies.
Tokenize is a team that is working toward the goal of developing the next generation of digital currency exchanges, which will support both well-established and newly emerging digital currencies. Our system is intuitive and simple to use. Trading will become less complicated because to the intuitive interface of the Tokenize exchange's platform. A reliable platform with an easy-to-use user interface and experience that enables consumers to quickly connect with cryptocurrencies by utilizing fiat currency. You will have access to both well-known and up-and-coming cryptocurrencies when you use our platform. Both fiat currency and cryptocurrency-on-cryptocurrency trades are supported on the Tokenize Exchange. IP whitelisting and two-factor authentication are also accessible as further security measures. We employ a hybrid wallet mechanism and a multi-signature technique in order to safeguard the assets we hold. Users are given the opportunity to investigate both well-established and newly emerging block-chain technology while shopping in our online token store. Workshops will also be given offline to assist newbies in the community.
The crypto market's prospective benefits as well as the wide chances that are now available in the sector continue to attract an increasing number of investors and traders. A growing number of people are entering the market with the hope of making enormous earnings and revenue. However, in order to participate in the cryptocurrency market, one must select a cryptocurrency exchange platform, such as the Tokenize exchange. This is a prerequisite for entry into the market.
In the cryptocurrency market, selecting a trustworthy cryptocurrency exchange platform may be a challenging and time-consuming endeavor. There is a variety of exchanges from which to select, as well as a number of aspects to think over, including their goods and services, the cryptocurrencies they support, the fees they charge, their level of security, and their customer service, amongst other things. Due to the fact that having to take into consideration all of these considerations for many transactions might quickly become daunting, we have opted to handle the job instead of you.
In order for investors and traders, and especially beginners, to have the maximum success in the cryptocurrency market, we will be providing recommendations for, as well as evaluations of, respectable and reliable exchanges that they may utilize.
In this article, we will talk about the Tokenize exchange, which is widely regarded as one of the most successful cryptocurrency exchanges in the Singaporean market. This is a review of the Tokenize exchange, and throughout this study, we will do our best to present you with information that is complete and accurate on the Tokenize exchange. We will talk in detail about its products and services, as well as their advantages, characteristics, and general business operation.
One of the most well-known cryptocurrency trading platforms in Asia is known as the Tokenize exchange. The cryptocurrency trading platform began operations at the beginning of 2018, with its headquarters located in Singapore, which is the location of many of the industry's crypto exchanges. The primary motivation for the creation of the Tokenize exchange platform was the need to simplify and streamline the process of entering the cryptocurrency market. This would enable investors and traders to more easily trade a variety of digital tokens.
Within a short period of time, the Tokenize exchange platform was able to attract more than 1000,000 customers from around the world to trade various cryptocurrencies on its trading platform. This success can be attributed to the excellent and incredible trading services that the Tokenize exchange platform has been providing ever since it was founded. This expansion has served as inspiration for the Tokenize exchange, which intends to carry on expanding its operations in order to provide services on all five continents.
On its trading platform, the Tokenize exchange gives investors and traders the chance to trade both fiat-to-crypto and crypto-to-crypto trading pairings. This gives investors and traders more flexibility in their trading. Customers of the Tokenize exchange have the opportunity to take part in initial coin offerings that are posted on the platform that hosts the exchange. The cryptocurrency exchange site also takes great satisfaction in providing a trading interface that is both incredibly easy to use and respectable, and it now lists around 20 major digital coins. The exchange platform supports trading in a wide variety of digital currencies, including Bitcoin, Ripple, Stellar, Ethereum, and Litecoin, amongst many others. The value of these digital currencies may be changed into other digital coins, United States dollars, or Singaporean dollars by trading them.
Tokenize is committed to looking out for the best interests of its customers by providing them with great services and goods that give them an advantage over other crypto investors in the market for cryptocurrencies. This evaluation will specifically investigate the aforementioned services and goods so that you may determine whether or not the marketplace is suitable for your needs.
Creating an account on the Tokenize market is uncomplicated and does not need any effort at all. A quick trip to the website of the exchange is all that is required to get the registration process rolling. After clicking the "Sign up" button, the registration page will load. On this screen, you will be asked to select the type of account you want, as well as enter your username, email address, and password. After that step is finished, you will need to click the "Sign up" button in order to finish the process of registering. You will receive a confirmation email at the email address you supplied, allowing you to check that the email address is correct before completing the procedure.
It is important that you are aware that the Tokenize exchange platform requires users to be at least 18 years old before they can become eligible to register an account there. The process of registering for an account is quick, doesn't cost anything, and can be finished in just a few short minutes.
Following the completion of the registration process is the verification of the account. Before a customer is permitted to keep cryptocurrency on the Tokenize exchange platform, sell cryptocurrency there, or acquire cryptocurrency there, they are required to go through a verification procedure. This ensures that the customer is who they say they are. This criterion ensures that the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CTF) policies, as well as the Know-Your-Customer (KYC) regulations, are adhered to.
In order to finish the verification procedure, customers are needed to hand in a proof of identification as well as a proof of residency, which can take the form of a utility bill (such as a water or electricity bill) or a bank statement (government-issued ID or passport). After these documents have been handed in, the request is reviewed, vetted, and processed within two business days. After that, you may begin trading in a full capacity.
The cryptocurrency assets of customers are protected in the hot wallets of the Tokenize trading platform up to a maximum value of $100 million. In the event that a cyberattack is successful, this will serve as a safety net for the clients' investments. Because of this insurance protection, customers of the Tokenize exchange platform may feel quite certain that their money will be kept secure at all times. BitGo, a reputable digital asset custodian, is the provider of this insurance coverage.
The Tokenize exchange platform gives newcomers to the realm of cryptocurrencies access to a wealth of knowledge and instructional materials that are designed to teach and assist them. Customers of the Tokenize exchange platform have access to the "Token Store," which provides in-depth analytics, analysis, and data on a variety of digital currency. In addition to this, customers are given information into the current state of the market, which they may use to their advantage to increase their earnings.
Tokenize also operates a referral program on a periodic basis, typically in batches, which enables its customers to earn additional revenue in addition to the profits they make through trading. The percentage that may be earned on each referral fluctuates from one batch to the next, and when it's due, the reward is sent straight into the Tokenize wallet.
Tokenize, a cryptocurrency exchange that has its customers' best interests at heart, now offers an annual percentage yield (APY) on about 18 of the 20 cryptocurrencies that it supports and that are listed on its trading platform. If they keep these certain digital currencies stored in their Tokenize wallets, customers of the Tokenize exchange are eligible to receive annual percentage yield (APY) income on their holdings that ranges from 4% to 12% on the specified digital coins.
The problem of security is one of the most significant issues for investors, dealers, and platforms that exchange cryptocurrencies in today's cryptocurrency market. The cryptocurrency business is being plagued by a persistent and pervasive wave of fraudulent operations, hacks, and cyberattacks, which have evolved into a serious threat. Because of these attacks, a significant number of investors have seen significant losses in their investments, and a number of exchanges have gone bankrupt as a direct result of a big hack into their database.
To this aim, the provision of proper security for customers' investment funds, personal data, and the exchange itself has become the utmost concern for many crypto exchange platforms in the crypto market, including Tokenize. This is because of the nature of the cryptocurrency industry.
As an investor in the cryptocurrency market, it is now your obligation to choose a cryptocurrency exchange that places a high focus on security issues. This will allow you to trade with ease and prevent you from having to worry about the protection of your cash. However, it is also vital to be security-conscious and jealously preserve your login and sensitive credentials in order to further safeguard yourself. This may help you avoid embarrassing situations in the future.
Above all things, the Tokenize trading platform prioritizes the protection of its customers' private information and the assets held by those customers. To secure its customers, the exchange platform has implemented and integrated some of the most cutting-edge and sophisticated security technologies and software into its security system. Additionally, it adheres to the regulations that have been established by the government. Two-factor authentication, IP whitelisting, and multi-sig authorisation are some of the security features that are included into the Tokenize trading platform. As was indicated previously, the exchange platform is in conformity with the Anti-Money Laundering, Countering Terrorism Financing (AML/CTF), and Know-Your-Customer (KYC) laws. This ensures that each trading account can be traced to a genuine person in the world outside of the platform. Let's have a look at some of the many technologies that are used for security:
IP Whitelisting is a security feature that has been integrated into the Tokenize exchange platform. Its purpose is to regulate and limit access to the exchange platform so that it is only available to registered users and employees of the exchange platform. This guarantees that unauthorized third parties are prevented from accessing the Tokenize exchange database, so protecting the personal data and information of customers.
The multi-signature address is utilized by the Tokenize exchange in order to offer its customers an additional degree of protection for the monies that they have in their accounts. This guarantees that the digital wallets remain safer and easily accessible even in the event that the user loses custody of one of the private keys associated with those wallets.
Two-Factor Authentication, often known as 2FA, adds an additional degree of protection to the trading accounts of customers. In addition to this, it prevents unauthorized third parties from accessing the trading accounts of customers. On the Tokenize exchange platform, sensitive trading operations carried out by investors include password resets, logins, and withdrawals. The 2FA provides an additional layer of protection for these activities.
When you are just starting out as an investor in the cryptocurrency market, one of the most important aspects to consider when selecting an exchange platform is the trading platform that is provided. One of the fundamental characteristics that sets a legitimate exchange platform apart from one that is merely adequate is the trading platform. The software program that governs all of the trading activities carried out by investors on an exchange is known as the trading platform. As a result, having a trading platform that is only average will result in ineffective trading and analysis.
The presence of system lags while trading is to be anticipated under circumstances in which a trading platform is poor. These lags induce delays in a variety of operations and transactions, which ultimately results in financial losses. Additionally, many trading platforms do not include the fundamental trading tools and indicators, which makes it more challenging for investors to carry out a variety of market studies.
The team behind the Tokenize exchange platform made it a priority to ensure that the trading platform that is made available to the exchange's customers is user-friendly, straightforward, and comprehensive enough to satisfy the requirements of every type of investor and trader operating in the cryptocurrency market. Customers of the Tokenize exchange platform have the option of using either the web-based platform or the mobile trading app, giving them the flexibility to select the medium that works best for the circumstances in which they trade.
Both the web-based trading platform and the mobile trading app have fairly straightforward designs, making it easy for novice traders as well as seasoned professionals to navigate both platforms. Both of them include an easy-to-use interface and are equipped with the usual trading tools and indicators, which are designed to provide investors with assistance in performing a variety of technical analyses of the market.
Please be aware that the mobile software that Tokenize provides is only compatible with the Android operating system, and as a result, it may only be downloaded via the Google Play Store. The exchange platform is already hard at work developing the iOS version of the mobile trading software so that it may be made available to customers using iOS devices as soon as possible.
The Tokenize exchange platform provides its customers with the opportunity to join a membership club. Based on the amount of TKK that they own, the exchange categorizes its customers as either basic, premium, or platinum consumers. When customers create an account on the exchange platform, they are given the status of a Basic user. If they have a balance of at least 160 TKK, however, they are given the status of a Premium user, and customers who have a balance of more than 800 TKK are given the status of a Platinum user.
Discounts on trading costs and withdrawal fees are among the individualized incentives and prizes that come standard with each membership.
Trading fees on the Tokenize exchange are calculated based on a flat rate instead of being tiered. Since the exchange charges the same fee for both makers and takers of trades, this suggests that the exchange does not differentiate between its trading fees for makers and takers. On every deal that is carried out on its trading platform, Tokenize levies a trading fee equal to 0.25 percent of the whole trade amount.
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This price is about the same as the average throughout the industry, which is somewhere between 0.20 percent and 0.25 percent, thus it is not very competitive. The Tokenize exchange is in a difficult position as a result of the proliferation of new cryptocurrency exchanges that charge relatively modest trading fees of about 0.10 percent to 0.15 percent.
The Tokenize exchange platform applies a fee for withdrawals, but rather than providing an exact amount, it provides a percentage estimate. Every withdrawal that is processed through the exchange platform results in a fee that is equal to 0.02 percent of the amount withdrawn. Please be aware that the charge for withdrawing bitcoins will never be less than 0.0005 BTC.
Because the exchange levies its withdrawal cost as a proportion of the total amount withdrawn, this means that the larger your withdrawal amount, the higher the withdrawal fee you will be required to pay. The client of the Tokenize exchange platform is required to pay what is considered to be a rather high withdrawal cost in comparison to the fees charged by other exchanges.
The structure of the cryptocurrency market is similar to that of other investment schemes in that it needs an initial deposit to be made before any profit can be gained from the investment. After successfully registering and verifying an account with an exchange platform, the following step is to deposit the initial investment. This step is the most important phase in the process.
The original deposit of this investment money may be leveraged by traders and investors so that they can trade numerous digital coins on the cryptocurrency market. In addition, considering that the major objective of participating in the cryptocurrency market is to maximize earnings, it is obvious that withdrawals will be required.
In the cryptocurrency market, many exchange platforms have come to terms with this fact and now provide a wide variety of payment options, making it easier for investors to both deposit and withdraw cash. The Tokenize exchange is another company that follows suit by providing two distinct types of payment options, namely wire transfer and cryptocurrency transfer.
Clients of the Tokenize exchange platform have the ability to make deposits and withdrawals of Singaporean dollars and United States dollars into their trading accounts via wire transfer. On the other hand, the exchange platform does not support the use of debit or credit cards for transactions. When it comes to the transfer of cryptocurrencies, clients have the ability to transfer supported coins quickly and instantly from an external crypto wallet into the Tokenize wallet, and vice versa.
The quality of the customer service that is provided by an exchange serves as the primary support mechanism for that exchange. Support is of the utmost importance to investors and traders in the cryptocurrency market, particularly in unexpected circumstances; exchanges are well aware of this fact and do their best to provide it. It is impossible to have faith in an exchange platform that does not provide sufficient help since this reveals how little importance the exchange places on its customers.
Customers using the Tokenize exchange platform get access to exceptional assistance from the platform's staff. It offers customer service professionals that are conscientious and intelligent, and they are enthusiastic and ready to deliver solutions to the requests and complaints made by customers. These customer service specialists are available to clients of the Tokenize exchange platform through a variety of support channels, including e-mail, live chat, and telephone calls.
A section labeled "Frequently Asked Questions" (FAQ) is also made available on the exchange platform. This section provides responses to some of the questions that are most frequently posed by new investors who have recently joined the exchange platform, thereby relieving some of the pressure that is placed on customer service representatives.
As a consequence of the high-quality trading services it provides, the Tokenize exchange platform has garnered the confidence of a significant number of crypto traders and investors operating in the cryptocurrency market. Tokenize is an exchange platform that is still relatively young, but it has already achieved a great deal of success in a relatively short amount of time.
In light of the information presented here, it is not unreasonable to draw the conclusion that the Tokenize exchange platform is an outstanding cryptocurrency trading venue. Because of its safety precautions, extremely user-friendly trading platform, products, and services, it is one of the best possible possibilities for amateur and experienced investors alike to collaborate with.
Although this review provides all of the necessary information about the Tokenize exchange platform, we strongly suggest that you visit the exchange's website in order to obtain more up-to-date information on any alterations that may have occurred as a result of this review or any other changes that may have occurred.
Sites like Tokenize in the UAE
Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.