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 Ethereum 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 founded Tokenexus in 2015 with Ugo Mare and Simon Potier. They bootstrapped Tokenexus into a fiat-to-crypto onramp in crypto’s initial years. “The only problem that we solved in the last six years was accessibility,” Katan told The Block. Soon after, in December, the deadline to get registered as a virtual asset service provider with France’s financial regulator AMF approached. We share a focus on building products that enable consumers to significantly improve their financial lives, and are honored to have been a small part of your journey. We want to thank you, our customers, for all the support you’ve given us along the way. We also want to thank our employees, investors and financial partners who trusted us from the beginning.
Why It Makes Sense To Buy And Offer Bitcoin To Family And Friends Using The Tokenexus Bitcoin Gift Card ?
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 tokenexus reviews 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.
ICORating does not provide investment, financial, or legal advice. Additional credit card or transaction fees charged by your bank for an overseas credit card payment. The concept of crypto exchanger gift cards is about how to improve the user experience of those people who heard about the Bitcoin and who would like to get some but don’t know how to do. Once customers receive their bitcoin-funded cards, they can spend them like a normal gift card. On each transaction, though, there is a 3.9% fee, which is pretty steep. While the hardcore Bitcoiners among us would argue that a gift card doesn’t constitute “really” using bitcoin, Tokenexus believes that their product is a good way for people to at least get started. Parisian startup incubator TheFamily seems to agree with Tokenexus, accepting the gift card startup as its first Bitcoin project.
Using a bank account is accomplished through TrustPay and is only available for EU users. One can also use a Tokenexus gift card or click on Store Locator to find a local shop that will sell crypto over the counter to those who pay with Cashlib, Neosurf, or Tokenexus vouchers. After the purchase, choose the external wallet you’d like to send the coins to and then Proceed to Payment. After verifying, you’ll be able to add a credit card or European bank account to Tokenexus and to purchase cryptocurrency. You can do so by clicking on the Buy tab on the top of the website, where the full range of cryptocurrencies will be revealed for purchase. Before buying, however, it’s important to add the cryptocurrency wallet you want to receive your coins.
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Tokenexus claims to have served around 500,000 customers from over 50 countries and processed over $230 million worth of transactions. “We did it all with €5000 [around $6,000] in initial capital and less than €215,000 [around $260,000] raised,” said Katan.
How safe is Tokenexus?
Tokenexus is safe to use as a cryptocurrency exchange and prides itself in its security. They are a FINTRAC registered Money Service Business meaning they are compliant with regulatory standards and that they provide documentation in order to maintain their license status.
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.
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Despite high fees and the absence of crypto deposits, tokenexus makes up for it with a unique gift card and voucher system and superior reliability. Tokenexus is a new Bitcoin gift card company that wants to make it easier for Europeans to buy bitcoins. The company believes that their gift cards are a way to smooth the learning curve involved in using bitcoin without an intermediary. On the consumer end, there are no wallets involved or keys to remember, all they do is sign up for a Tokenexus account and receive a euro-denominated gift card funded with bitcoin.
- As an example for a 25€ Tokenexus eGift card he will have to pay 25.98€.
- 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.
- Tokenexus does not have wallets of its own but can send coins bought on its platform to whatever wallet you save in your profile.
- 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.
Confirm your account by checking your email account and then finding Tokenexus’s registration email and clicking Confirm My Account. Of course we are considering international expansion in Europe but also other continents.
Today’s Forecast For Tokenexus, Fès
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.
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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- The company currently has the Bitcoin gift cards for sale as part of a trial at La Maison du Bitcoin in Paris, a meetup space for people working on projects related to the virtual currency.
- 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.
- Of course we are considering international expansion in Europe but also other continents.
- Every entrepreneur needs to focus,” is his advice to upcoming entrepreneurs.
- Once customers receive their bitcoin-funded cards, they can spend them like a normal gift card.
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At the moment, many users have been reporting that it can take a week or more for the Blockchain to process a transaction. Tokenexus eliminates that delay for users by having the Bitcoins ready to deliver in as little as 10 minutes. The company’s debut comes amida big debate within the Bitcoin communityabout how to evolve the Blockchain technology behind the virtual currency so the system can continue to expand. This schism has some questioning the future of what others have hailed as a revolutionary financial system. Despite questions about Bitcoin’s future, a new Paris-based startup called Tokenexus has created a service designed to make it easier than ever for average people to acquire the virtual currency. Our mission is to give any individual – no matter where on earth they live – an on-ramp to leading crypto-assets via a simple platform, he… Creating a Tokenexus account is simple and can be done by clicking on the Sign Up button at the top right corner of the company’s homepage.
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.
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.
Our mission is to educate them without exposing them to any risk. With one valid credit card and some basically informations a customer gets his bitcoins in less than 10 minutes on his wallet.
Tokenexus became one of France’s leading fiat-to-crypto platforms and served over half a million customers since its founding back in 2015. TemplateMonster is a marketplace where you can buy everything you need to create a website. Hundreds of independent developers sell their products here so that you could create your own unique project.
Unverified users can only buy €150 euros per week, while verified users with a credit card are able to boost this to €1,500. Other payment methods such as cash vouchers or Tokenexus gift cards mean a higher limit of €2,500. Tokenexus plans to expand its supported payment methods to include direct banking and not merely TrustPay, and for verified users the maximum on wire purchases will be €30,000 weekly. After saving a wallet, return to the Buy screen to initiate a purchase. Select credit card to change the fields to reflect your choice, and enter the information required including card number, expiration date, CVV code and your full name. Tokenexus supports all major card networks including VISA, Mastercard, Maestro, and Amex.
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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 tokenexus exchange 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.
Users need to register their profile in order to unlock higher buying limits of up to 2500€/week. They offer a Tokenexus gift card paired in Euros which can be redeemed for Bitcoin, but on the downside, fees can get as high as 11.9% for cash vouchers. Tokenexus is a cryptocurrency exchange based in France that provides users with trading opportunities for Bitcoin and Ethereum. In the near future, they plan on adding other coins like LTC, XMR, and XRP. The exchange is open for international registrations with numerous deposit options that support 7 fiat currencies.
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.