Tokocrypto Cryptocurrency Exchange Review : Pros & Cons

About Tokocrypto

Tokocrypto is a cryptocurrency exchange based in Indonesia. It was founded in 2018 and offers trading of various cryptocurrencies such as Bitcoin, Ethereum, and stablecoins. The exchange aims to provide a secure, user-friendly platform for buying, selling, and trading cryptocurrencies in Indonesia. In addition to trading services, Tokocrypto also provides educational resources and tools for users to learn about the cryptocurrency market.

Information Table

How To Register At Tokocrypto Exchange ?

To register on Tokocrypto, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

How To Verify Your Tokocrypto Cryptocurrency Account ?

There is no mandatory verification at Tokocrypto, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of 14 Ethereum. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Tokocrypto, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Tokocrypto Crypto Exchange?

There are two main options for topping up your balance on Kraken. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Tokocrypto Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Tokocrypto Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.

Trading Fees

Every day at 00.00 am (UTC), your trading volume for the last 30 days and your current BNB balance will be evaluated. Your tier level and corresponding maker/picker fee will be updated at 01.00 am (UTC)

Fee for Transactions in Tokocrypto

Crypto transaction fees

Deposit and Withdrawal Fees

Features Of Tokocrypto Crypto Exchange

Trading

Tokocrypto offers trading of various cryptocurrencies such as Bitcoin, Ethereum, and stablecoins.

User-friendly platform

Tokocrypto has a user-friendly interface that makes it easy for users to buy, sell, and trade cryptocurrencies.

Security

Tokocrypto prioritizes the security of its users’ assets and implements measures such as two-factor authentication and secure storage of cryptocurrencies.

Payment methods

Tokocrypto supports multiple payment methods including bank transfers, mobile wallets, and debit/credit cards.

Mobile app

Tokocrypto has a mobile app for iOS and Android devices that allows users to access their accounts and trade on-the-go.

Customer support

Tokocrypto offers 24/7 customer support through its website and social media channels.

Education and resources

Tokocrypto provides educational resources and tools to help users understand the cryptocurrency market and make informed investment decisions.

Community

Tokocrypto has an active community of users who can exchange ideas and provide support to each other.

24/7 Live Chat

If you’re awake, they are too. When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution.

Tokocrypto Conclusion

Tokocrypto is a cryptocurrency exchange that aims to provide a secure, user-friendly platform for buying, selling, and trading cryptocurrencies in Indonesia. With its focus on security, easy-to-use platform, and support for multiple payment methods, it provides a convenient option for individuals looking to invest in the cryptocurrency market. Additionally, the exchange offers educational resources and tools for users to learn about cryptocurrencies, making it a suitable choice for both new and experienced investors.