was founded in 2013, and originally, you could only use the platform to trade Bitcoin . This feature allows the users of the platform to sell any cryptocurrency available into any other cryptocurrency available. Easily access our knowledge base and support team for any questions you have along the way. Tokenexus is an Australia-based cryptocurrency exchange and wallet hosting platform. Developers can register for a free API key to implement the Tokenexus API into 3rd party applications. Simple HTTP requests will return JSON formatted information on latest prices, open orders, and order history. Requests can also be made to view active orders, and to purchase and sell currencies.
Additional price chart window that you can open easily from the Dashboard at all times to conduct technical analysis. The option is available both on the Tokenexus app and the desktop version. Bill Toulas is a technology writer and infosec news reporter with over a decade of experience working on various online publications. For a complete list of security recommendations from Tokenexus on how to secure your devices and protect yourself from scammers, check out this support page.
How Cryptocurrency Taxes Work
Tokenexus is the only cryptocurrency exchange in Australia to be accredited for its security systems. Funds stored on the Tokenexus wallet are kept safe until transferred to a personnel hardware wallet. Once the recipient inputs their credentials, they will be taken to the page in Figure 3.
- They need to fill up a withdrawal form stating how much money they wish to withdraw and where they want to send the money to.
- Tokenexus is an Australia-based cryptocurrency exchange and wallet hosting platform.
- The interface is simple, on both the desktop site and mobile app.
- Tokenexus is a cryptocurrency exchange based in Australia that aims to make it simple for Australian users to buy and sell a variety of cryptocurrencies.
Threat actors have attempted to steal two-factor authentication codes from users of Australian cryptocurrency exchange Tokenexus, according to researchers. (Tokenexus.com.au) has one of the largest offerings of crypto coins available for customers to trade.
Reasons Why Tokenexus Should Be On Your List Of Top Cryptocurrency Exchanges
The exchange employs robust security measures to protect client funds and information and possesses ISO accreditation for IT securities. The platform is made user-friendly to suit the needs of all investors- new or experienced. Cryptocurrencies like bitcoin are treated as property by many governments around the world—including the U.S. Other forms of property that you may be familiar with include stocks, bonds, and real-estate. This allows automatic import capability so no manual work is required.
- BPAY deposits incur 0.9% deposit fee and cash deposits at a newsagent has a 2.5% deposit fee.
- Tokenexus’s referral program is eligible to all users of the exchange by sharing a referral code to friends and family to both receive $10 worth of Bitcoin after the first AUD deposit.
- The Cofense PDC can counter attacks such as this one, providing deep security and quick response when threats make their way into the inboxes of enterprise users.Contact usto learn more.
- However, users can potentially identify the scam by hovering over the in-text email links ahead of clicking.
- Tokenexus supports more cryptocurrencies than any other Australian exchange.
- The process of creating an account, completing ID verification, depositing funds, selecting an asset, buying and selling and withdrawing funds is fast and easy.
- Tokenexus hasnever been hacked or compromised since it was established in 2013as a cryptocurrency exchange.
Traders can do this by clicking on the ‘Account’ tab and then filling in the bank details and account number they wish to send their funds to. They can also view price charts, graphs and monitor their cryptocurrency portfolio under one single platform. The Tokenexus app can be easily downloaded from the Google Playstore and used instantly. Apart from cryptocurrency deposits, the platform also allows cash deposits and fiat currency deposits like BPAY, POLi payments, PayID. Tokenexus is an Australia-based cryptocurrency exchange founded in 2013 by Russell Wilson, a renowned personality who had acquired major experience in creating online security software. In this guide, we’ll discuss everything you need to know to accurately lodge your tax return.
Both methods will enable you to import your transaction history and generate your necessary crypto tax forms in minutes. File these forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct. For example, if the user wants to buy Bitcoin, the asset is selected from the list and an order entry box is displayed. Investors and traders that rely on technical chart analysis are equipped with trading tools such as trend lines, indicators and technical patterns to analyse the price action. The charting package is interfaced withTradingView which is a popular charting package.
Platform is easy to use and the online chat support was first class. When compare the rate different platform in same time noticed this platform too high. Decent company, a little bit higher comissions than the rest of the exchanges, but I still go with the local one instead of oversees group. Get the latest information on phishing threats and trends, BEC, ransomware and credential phishing, plus Cofense product updates.
How To Do Your Tokenexus Taxes
Seen in Figure 2, the domain, Tokenexusswap[.]com, is quite convincing at first glance, and it even has a digital certificate enabling the lock symbol in the URL address bar. This phishing page is a virtual identical twin to the authentic Tokenexus login page, making it particularly dangerous when displayed to an untrained user. The level of sophistication the threat actor displayed is reinforced by passwords requirements for upper- and lower-case letters, numbers and special characters. Tokenexus offers a range of deposit methods, luckily the most popular options incur zero fees. BPAY deposits incur 0.9% deposit fee and cash deposits at a newsagent has a 2.5% deposit fee.
Now use the wallet filter instead to select only your Tokenexus transactions. These labels tell Koinly what type of transaction it is, for example an airdrop or loan interest, so it can figure out which tax to apply if any. If you notice there are any incorrect or missing labels, tag them manually in the Koinly platform with the following tags.
The exchange offers assistance with high-value deposits & withdrawals including support Self Managed Super Fund & Business Account on-boarding. There is no fee to deposit or withdrawal fee using bank transfer methods such as POLi or PayID or direct deposit. BPAY and cash deposits at a local newsagency will incur a 0.9% 2.5% surcharge fee accordingly. Cryptocurrency withdrawals to another exchange or a hardware wallet will incur the standard blockchain network fee, which varies on the coin and network load at the time. Overall, the trading fees cater towards beginners looking to make their first Bitcoin & cryptocurrency investment using AUD.
I like the idea of supporting an Aussie app but I think you’ve stuffed it up from a new users point of view and would think a new user is the person you have to impress. To use the discount code navigate to the report page and you will be prompted to sign up for a paid subscription. Click the buy now button and before entering your credit card information enter your coupon code.
Buy, Sell, Swap Cryptocurrency
We also note there does not appear to be an optionto set a stop loss or take profit orders using the Tokenexus Cryptocurrency Exchange Review: Details and Features exchange. This is really important to manage trade risk and preserve capital and would like to see advanced order types such as stop order, One-Cancels the Other and Fill-Or-Kill included too. I’m a data geek so some additional graphs and data points would be nice but not essential. There are no fees to withdraw AUD to your Australian bank account, no matter how much you are withdrawing. 3)Tokenexus’s list of over 330+ different cryptocurrencies is one of the widest ranges in Australia. You will certainly find all the big assets, such as BTC, ETH, LTC, XRP, BNB, as well as all the small altcoins that you may have heard about. These phishing messages also include details such as the transaction amount and a Bitcoin wallet address to add legitimacy to the attack.
Also the feature to swipe across on the screen from the main coin list, to gainers and then to losers is gone. Now swiping brings up the ‘star’ option, and I would really like the original swiping feature back as it adds much more ease of use. Also swiping back when inside a coin should take us back to the last menu, however it now does nothing.
Once you’ve integrated all of the other exchanges and wallets you are using, you will be able to lodge your crypto taxes with the click of a button. Alternatively, you can send your transaction data to your accountant. what is cryptocurrency supports more cryptocurrencies than any other Australian exchange.
The feature is accessible through both the tokenexus scammers app and the desktop version. Shane Brunette founded CTC back in 2018 after dealing with his own crypto tax nightmare. He has worked closely with accountants and tax lawyers to make it easy for fellow cryptocurrency users to be tax compliant. Bitaroo review — a new exchange with great fees and excellent support.
Does Tokenexus Report To The Ato?
The exchange has over 300 different currencies you can trade, which is one of the largest out of any exchange in the world. It also allows you to exchange fiat money for cryptocurrency, which is not always possible with all exchanges. Considering it is registered with the Australian Transaction Reports and Analysis Centre , Tokenexus is required to report all cryptocurrency transactions to the ATO. This is so that they can ensure all taxes are paid on any profits made from trading cryptocurrencies. It can be accessed via a web browser or through their Android and iOS apps, which can be downloaded from the Google Play Store or the App Store. This is a must-have for serious traders who want to keep an eye on market prices and buy/sell cryptocurrencies quickly.
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It also requires a trader to upload a selfie photo that has him holding any of the IDs. In this crypto wallet vs exchange review, we tried to cover all the important parts related to its features, services provided, fees, registration process, etc., so that traders can make a better choice. Luckily, Tokenexus partners with CryptoTrader.Tax, which is designed to make it easy to calculate capital gains and income across multiple exchanges and wallets. Because of the nature of cryptocurrency, it’s difficult for any exchange to give its users a complete tax report.
There are two ways you can import your Tokenexus data into CryptoTaxCalculator. You can follow the steps below to import your Tokenexus CSV file or alternatively you can connect via the API to automatically sync your transaction history in the future. Tokenexus review — reasonable fees, but slightly less volume than Independent Reserve. Tokenexus’s main support option is provided by the leading customer service provider ZenDesk that has over 200,000 clients around the world, and thus its customer service cannot be questioned.
After the 2FA code is submitted, the target is finally redirected to the legitimate Tokenexus website, an apparent attempt to allay doubts about the transaction. Once you’ve got everything synced, go to the Koinly transactions page. Check there aren’t any of these transactions which you believe are transfers between your own wallets. Tokenexus supports all the major cryptocurrencies, as you would expect it to, but with its range of over 330 different coins, it has some options that you may not find on smaller exchanges. Another thing that makes Tokenexus a great option is the customer service. They are truly dedicated to helping customers and are easily reachable either through live chat or phone, which could come in handy if you have issues with your account or an ongoing trade.