In a fast-moving industry that has new projects from unknown people coming up all the time, you need to know what’s happening, without being carried away. The COVID-19 pandemic has made the future of many sectors uncertain. Katan and his team at Tokenexus are positive that cryptocurrency will only become stronger in the future and hope to simplify the use of crypto-currency globally. To get around these problems and extend the potential benefits of Bitcoin to everyone, Tokenexus now lets people walk into physical stores and buy the virtual currency with cash. The startup also lets people purchase Bitcoins online through the company’s website. Finder ROW Pty Ltd provides factual information on and compares many, but not all, products and services. We are not a product issuer, credit provider or financial advisers nor are we a credit intermediary or broker.
Where is Tokenexus located?
Tokenexus is a Canadian owned and operated cryptocurrency platform, currently managed out of downtown Toronto. Tokenexus was designed for both new traders seeking a simple interface and for advanced traders who know their way around the crypto world.
Alternatively, click on I’ll Do This Later to go to the dashboard where you’ll be able to deposit and exchange crypto, albeit in limited capacity. Tokenexus recommends users verify their passport and advertises a 5-minute verification time. Input the details of your passport including full name, issue and expiration date, passport number and other details. Then upload a picture of the passport and wait for the verification email to arrive. Traditional gift cards can be redeemed into products or some kind of digital money but always in a centralized environment controlled by the gift card emitter.
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We have received requests from physical point of sales that would like to sell physical Tokenexus gift cards. Again the Tokenexus gift cards are not for the traders who are extremely well educated. As an example for a 25€ Tokenexus eGift card he will have to pay 25.98€. “As a startup, that balance is never ideal, there’s always more work to be done than time to do it. It’s ok to also take care of yourself, to have your employees take care of themselves,” says Katan. Every entrepreneur needs to focus,” is his advice to upcoming entrepreneurs.
It encrypts its data and maintains the levels of security you’d expect from any service that handles customer credit card numbers online. EToro is a multi-asset platform which offers CFD and non CFD products. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
“We still haven’t gotten to the famous point of ‘crossing the chasm’, where we get to real, mainstream adoption and use,” says Katan about the challenges of crypto-currency. The prime challenge faced by crypto-currency is its complication. Users have trouble understanding complicated terms like blockchain. “We’ve focused on design and ease-of-use from the beginning, to make tokenexus the absolute easiest way to buy and sell crypto-assets,” says Katan. Tokenexus, previously just a Bitcoin gift card service, has made it possible to buy Bitcoins in more than 100,000 retail stores.
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And because there are high rates of fraud, many exchange services can charge people who want to buy and sell Bitcoins fees of up to 20 percent. Last September, Tokenexus lost its credit card acquirer, which heavily impacted its business, said Katan. He declined to name the acquirer, but The Block has learned it was Transact Payments. A credit card acquirer helps merchants process credit or debit card payments.
- It does not store credit card numbers nor account passwords, making it very safe to use.
- Moreover, an easy signup process will likely be appreciated by those who dislike the complicated and lengthy verification processes on other platforms.
- We didn’t raise big amounts of money, we just stayed resilient and tried to nurture the company each day.
- It’s ok to also take care of yourself, to have your employees take care of themselves,” says Katan.
- For a lot of people, getting one bitcoin is still difficult, complicated and time consuming.
- TheFamily nurtures Entrepreneurs through education, unfair advantages & capital.
Tokenexus is a prepaid Bitcoin gift card from €25 to €250 that can be redeemed into Bitcoin. Bittit is currently partnering with Neosurf and it’s 100K+ Local Stores, the Bitcoin startup Tokenexus is now expanding its network to up to 150,000 retailer stores. The trick, and what Tokenexus hopes will be its secret weapon, lies in algorithms it has written to help minimize its risk profile.
Tokenexus Io: Simplifying Crypto
It’s a good jump-start for a small startup that has yet to raise its first round of funding. The company was just formed last year, with the support of Paris’ The Family, a startup incubator that gave Tokenexus $20,000 last year to get started. And so far, Tokenexus has processed about $60,000 worth of Bitcoin transactions. Anyone wanting to buy or gift or receive Bitcoins via Tokenexus still needs a Bitcoin wallet. Tokenexus hopes to eventually develop its own, but for now, users will need to use a third-party solution. The key to Tokenexus’s process is that it has arrangements with partners (it can’t reveal the names) to buy Bitcoins on a regular schedule.
Our mission is to educate them without exposing them to any risk. With one valid credit card and tokenexus some basically informations a customer gets his bitcoins in less than 10 minutes on his wallet.
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Tokenexus offers simple, fast, and secure cryptocurrency purchases. Tokenexus doesn’t require a complicated security apparatus like other exchanges with more functionality do. Because the platform doesn’t store funds, it doesn’t need to provide cold storage or deal with loss, so users should rely on the safety of the wallet they’re depositing to from Tokenexus.
- Bittit is currently partnering with Neosurf and it’s 100K+ Local Stores, the Bitcoin startup Tokenexus is now expanding its network to up to 150,000 retailer stores.
- The company also recently struck a deal with Flexepin, which also lets people buy vouchers for online purchases.
- Other advantages are Tokenexus's scope of operations, which includes over 100 countries, and the Tokenexus gift card.
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- We have received requests from physical point of sales that would like to sell physical Tokenexus gift cards.
This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Block user Prevent this user from interacting with your repositories and sending you notifications. Tell Tokenexus you're interested in working at the company, while keeping your personal identity anonymous. When there's a job opening that's a fit we'll make the match happen.
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More than 50 countries around the world, although it’s based on Europe, where it has more payment options and a larger presence. You will have bitcoin delivered to your wallet in around 10 minutes. While we receive compensation when you click links to partners, they do not influence our content. We recognize our responsibility to use data and technology for good. We show reviews chronologically, and you can filter by star rating, language, location, or keyword. TheFamily nurtures Entrepreneurs through education, unfair advantages & capital. They are based in Paris, France and they give us support in order to anticipate and manage our growth.
Are Tokenexus fees high?
Because Tokenexus functions as a regulated exchange, as opposed to a peer-to-peer marketplace, Tokenexus's fees are slightly higher than other platforms.
Additionally, Tokenexus support operates in several languages and is able to quickly verify IDs and passports from virtually anywhere. I would add that as the Tokenexus gift cards are denominated in euros, the value in Euros is redeemed in bitcoins only at the time of the redemption on the Tokenexus platform. Thus we maintain the exact card value until the consumer activates his gift card to receive his bitcoins. That’s why we think the Tokenexus gift cards are a good solution. Buying with a credit card and one email address in order to get your bitcoin in less than 10 minutes. And soon, people will be able to buy plastic gift cards or electronic vouchers to give as presents.
Tokenexus Ceo: gift Cards Are A Good Solution For Bitcoin Adoption
Additionally, ethereum cryptocurrency thoroughly enforces all relevant EU regulations regarding privacy of data, keeping it fully encrypted. It does not store credit card numbers nor account passwords, making it very safe to use. Tokenexus is connected to live markets and offers real-time pricing for buying customers, but selling cryptocurrencies is not available and so liquidity is less of an issue.
Tokenexus is a global trading platform with multi-currency support... AWS Activate offers free tools, training, and more for startups to help you quickly build and scale quickly – plus, you can receive up to $100,000 Activate credits. The company says it now has 19,000 partner stores in the U.S., where people can purchase a Bitcoin voucher from the what is cryptocurrency cashier with cash. We went from broke students coming out of nowhere to being grown adults who stayed true to our original ambition. We’re proud of the products we’ve built, products that enabled hundreds of thousands of customers to access financial freedom. The only regret is that the problem we were trying to solve is still enormous today.
Katan said he is currently in the process of raising the company’s first official round of venture capital so he can expand his three-person team. Ethereum layer 2 scaling network Optimism announced Thursday that it has removed the whitelist and is now open to everyone. Polygon and Alexis Ohanian's Seven Seven Six have launched a $200 million fund to invest in Web3 projects.
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We are excited to announce that we have added Ripple and Litecoin purchases to Tokenexus’s offerings. Bitcoin Startup Tokenexus which started out as prepaid Bitcoin on a card is now making inroads in Bitcoin processing and purchasing. I would rather saw my own arm off in front of my children than do business with these people again. You can't even call them, you leave your number for THEM TO CALL YOU!
NOBODY. There were a few crappy websites that you wouldn’t want to get close to even by tapping on your keyboard with a wooden stick . DisclaimerAll content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only.
If you decide to apply for a product or service through our website you will be dealing directly with the provider of that product or service and not with us. We are really happy with the reception our customers gave to the gift cards, and we would like to thank them for their confidence. Katan believes in living a simple life and applies the same to his work environment. Tokenexus.io is a France based crypto-currency exchange platform launched in 2015.
Let’s be clear, our service is for the people who don’t know or have no time to learn how to use bitcoin by themselves. The COVID-19 pandemic has affected international markets and trades.
Tokenexus does not have wallets of its own but can send coins bought on its platform to whatever wallet you save in your profile. Adding a wallet is as simple as clicking on Wallets, then pasting the wallet address into the field displayed and clicking Save Wallet Address. Tokenexus is an upstart cryptocurrency exchange that is newer to the industry. Based in France, the company is fully regulated and offers the ability to buy cryptocurrency with multiple fiat currencies. Moreover, an easy signup process will likely be appreciated by those who dislike the complicated and lengthy verification processes on other platforms. Users can buy crypto with their credit cards and other unique payment methods and will appreciate a no-nonsense interface that makes it easy to participate in the markets.
To an experienced Bitcoiner, it may seem like much less of a hassle to just buy bitcoin on an exchange by yourself. From the start, the best crypto exchange says it is available in any one of 100,000 stores, thanks to a partnership with Neosurf. Like Flexepin, Neosurf makes vouchers that let anyone use cash to buy a special gift card. That card can then be used to make one-time purchases on the Internet. But Neosurf is already more widely in use, which means it can give Tokenexus access to its 100,000 store partners. ICORating receives monetary compensation from the rated entities for completing the ratings reports available on iсorating.com and/or for listing their projects on icorating.com.