Tokocrypto Crypto Exchange Review: It Is Good Or Bad?

About Tokocrypto Crypto Exchange

Tokocrypto Crypto Exchange is a centralized cryptocurrency exchange from Indonesia, founded in June 2017. On 26 November 2019, the platform announced that it had received the status of “officially registered Crypto Exchange with the Commodity Futures Trading Regulatory Agency (Badan Pengawas Perdagangan Berjangka Komoditi – BAPPEBTI) as Registration Number 001/BAPPEBTI/CP-AK/11/2019”. Apparently this was the first time ever that a crypto exchange received this regulatory status in Indonesia.

Digital assets and currencies, powered by Blockchain Technology will bring about an era of greater efficiency, transparency and more equal opportunities by creating an open financial ecosystem. To be the secure gateway between the old financial system and the new open financial ecosystem.

Tokocrypto Crypto Exchange Basic Points

How To Start ?

How To Sign Up At Tokocrypto Crypto Exchange ?

It Is Very Easy To Sign Up At Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Tokocrypto Crypto Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Tokocrypto Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

Tokocrypto Trading fees

Trading fees are extremely important. The fee levels might seem insignificant at a first glance but in the long run they can add up to substantial amounts.

This trading platform charges the same fees for both takers and makers. We call this fee model a “flat fee model”. Both takers and makers pay 0.10% here. This is a competitive fee model which is below the industry average. 

Tokocrypto Withdrawal fees

The exchange charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is below the global industry average. Industry average is – according to our own study – a little bit above 0.0006 BTC per BTC-withdrawal. 

All in all, the trading fees and withdrawal fees at this exchange are in line with, or even slightly below, the global industry averages in the industry.

Deposit Methods

Here, they also offer wire transfer as a deposit method, but you can’t deposit via credit card. If you for any reason must deposit via credit card, you should use the Exchange Finder to find out which cryptocurrency exchanges that allow credit card deposits. Accepting wire transfers at all qualifies this exchange as an “entry-level exchange”. Entry-level exchanges are exchanges where also people without any previous holdings of cryptocurrency can enter the cryptocurrency world.

Tokocrypto Security

According to info to Cryptowisser.com, this exchange is currently underway with updating security measures at the exchange and security is definitely a top priority.