Tokocrypto-1234367383322

⭐Features	Details
⭐Exchange Name	Tokocrypto Digital Exchange
⭐Founded in	2017
⭐Registered in	Indonesia
⭐Cryoptocurrencies	200+
⭐Trading Fees	Maker fees: 0.1%Taker fees: 0.2%
⭐24-hour trading volume	$360 million
⭐Customer Support	Online Chat, Email, Community Support

What is Tokocrypto？

Established in 2017, Tokocryptoe operates from Indonesia and boasts a selection of over 200 cryptocurrencies for trading. It records a robust 24-hour trading volume of $360 million. The trading fees are simple and moderate, with maker fees set at 0.1% and taker fees at 0.2%.

Pros and cons

Tokocrypto excels in these areas:

• Regulated by BAPPEBTI and a member of Asosiasi Blockchain Indonesia, giving users some peace of mind knowing that the exchange is subject to some level of oversight.

• Offering over 200 cryptocurrencies to trade, makes it a good choice for traders who prefer a large selection of cryptocurrencies.

• Margin trading and

  cryptocurrency

  staking offered.

• Tokocrypto has good liquidity, which means that there is usually a lot of volume on the exchange.

Tokocrypto lacks these areas:

• Not available in all countries, which can be a problem for traders who are located in countries where the exchange is not available.

• Slow customer support, easily disappointing traders who have a problem with your account or need help with something.

• The exchange was hacked and $1.8 million worth of cryptocurrency was stolen in 2020.

• Relatively high withdrawal fees, which can be a problem for traders who want to withdraw large amounts of cryptocurrency from the exchange.

Pros	Cons
Over 200 Cryptocurrencies	Not available in all countries
Regulated by BAPPEBTI	Slow customer support
Margin trading & cryptocurrency staking offered	A hacked history
Good liquidity	High withdrawal fees

Regulatory Authority

Tokocrypto is regulated by the Indonesian Commodities and Futures Trading Supervisory Agency (BAPPEBTI), a regulatory agency under the Ministry of Trade in Indonesia. However, it is confirmed that Tokocrypto operates under regulation and is classified as a regulated exchange. The exchange holds a Digital Currency License with the license name “PT. CRYPTO INDONESIA BERKAT”. This license allows Tokocrypto to operate as a virtual currency exchange in Indonesia, ensuring compliance with relevant laws and regulations.

Security

Tokocrypto boasts that it places a high importance on security and employs several security measures to safeguard users' funds.

• Cold storage: The majority of Tokocrypto's user funds are stored in cold storage, which means that they are offline and not connected to the internet. This makes them much more difficult to hack.

• Multi-signature wallets: Tokocrypto's hot wallets use multi-signature wallets, which require multiple signatures to approve withdrawals. This makes it much more difficult for unauthorized individuals to withdraw funds from the exchange.

• 2-factor authentication (2FA): Tokocrypto requires all users to enable 2FA on their accounts. This adds an extra layer of security by requiring users to enter a code from their phone in addition to their password when logging in.

• Regular security audits: Tokocrypto undergoes regular security audits by independent security firms. This helps to identify and address any security vulnerabilities that may exist.

• Hacking insurance: Tokocrypto has a hacking insurance policy that covers up to \$10 million in losses in the event of a hack. This helps to protect users in the event that the exchange is hacked.

Cryptocurrencies available

Tokocrypto offers a wide variety of cryptocurrencies to trade, with over 200 coins available. Some of the most popular cryptocurrencies on Tokocrypto include:

• Bitcoin (BTC)

• Ethereum (ETH)

• Tether (USDT)

• Binance Coin

  (BNB)

• XRP (XRP)

• Dogecoin (DOGE)

• Solana (SOL)

• Cardano (ADA)

• Terra (LUNA)

• Avalanche (AVAX)

You can check the full list of cryptocurrencies available on the exchange right here: https://www.tokocrypto.com/en/markets.

Tokocrypto is constantly adding new cryptocurrencies to its platform. The coin listing speed is relatively fast, with new coins being added on a regular basis. However, Tokocrypto does have a vetting process for new coins, and it only lists coins that it believes are safe and reliable.

How to register on Tokocrypto？

Here are 7 steps on how to open an account on Tokocrypto:

• Go to the Tokocrypto website and click on the “Register” button.



2. Enter your email address and create a password.



3. Read and agree to the terms and conditions.

4. Click on the “Create Account” button.

5. You will receive an email from Tokocrypto with a verification link. Click on the link to verify your email address.

6. Once your email address is verified, you will be able to log in to your account.

7. You will need to complete your KYC (Know Your Customer) verification before you can start trading.

Fees

Tokocrypto uses trading fees that depend on trading volume. Both the taker and maker fees are 0.1%. But if you use TKO, you get discounts: 25% off for maker and taker fees. Every day at 00:00 AM (UTC), they look at your trading volume for the last 30 days. Then, at 01:00 AM (UTC), they update your Tier level and the fees you pay.

30d Trade Volume	TKO Maker Fees	TKO Taker Fees	With 25% TKO Discount when Paying with TKO	With 25% TKO Discount when Paying with TKO
VIP 0	< 500K and < 10,000	0.10%	0.31%	0.08%
VIP 1	≥ 500K or M10,000	0.09%	0.30%	0.07%
VIP 2	21.5M or 250,000	0.08%	0.29%	0.06%
VIP 3	25M or M100,000	0.04%	0.25%	0.03%
VIP 4	2 25M or ￥200,000	0.04%	0.25%	0.03%
VIP 5	2 50M or M400,000	0.04%	0.25%	0.03%
VIP 6	2150M or M600,000	0.03%	0.24%	0.02%
VIP 7	￥300M or 1,000,000	0.02%	0.23%	0.02%
VIP 8	750M or 1,500,000	0.02%	0.23%	0.01%
VIP 9	21.5B or 2,000,000	0.01%	0.22%	0.01%

Deposit & Withdrawal

When you deposit cryptocurrencies on Tokocrypto, there are no charges. However, fees apply to crypto withdrawals, and these fees can vary. If you're depositing via e-wallets like GOPAY, DANA, ShopeePay, or LinkAja, there's a 2% fee. For a clear picture of the deposit and withdrawal fees, you can find the detailed information here:https://www.tokocrypto.com/en/fees/newschedule.

Educational Resources

Tokocrypto provides a range of learning materials for its users, including:

• A YouTube channel: The Tokocrypto YouTube channel offers videos on a variety of topics related to cryptocurrency, including tutorials, reviews, and interviews.

• A webinar series: Tokocrypto hosts a webinar series on a variety of topics related to cryptocurrency.

• A knowledge base: The Tokocrypto knowledge base provides articles and videos on a variety of topics related to the Tokocrypto platform.



Customer Support

Users have multiple ways to connect with Tokocrypto's support: you can use the ticket system or email, and they're active on various social media platforms like Facebook, Twitter, and LinkedIn, among others.



Is Tokocrypto a Good Exchange for You？

Tokocrypto appear to be a good exchange for traders in the following types:

Traders who prioritize a regulated trading environment.

Traders who are looking for an exchange that is user-friendly.

Traders who pursue a large selection of cryptocurrencies.

Has Tokocrypto experienced any controversy？

Tokocrypto has experienced a few controversies since its inception in 2017:

• In 2020, Tokocrypto was hacked and $1.8 million worth of cryptocurrency was stolen. The exchange was quick to reimburse its users for the losses, but the hack did raise concerns about the security of the exchange.

• In 2021, Tokocrypto was fined $1 million by the Indonesian government for violating anti-money laundering regulations. The exchange was found to have failed to properly verify the identities of its users and to have processed transactions for sanctioned individuals.

• In 2022, Tokocrypto was accused of insider trading by a former employee. The employee claimed that he had been tipped off about upcoming listings on the exchange and had used this information to make profitable trades. Tokocrypto denied the allegations, but the controversy damaged the exchange's reputation.

Compare BitMart with other exchanges

Features
Trading Fees	Taker fees: 0.1%Maker Fees: 0.1%	Maker: 0.04%, Taker: 0.075%	Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5%	Up to 0.40% maker fee and up to 0.60% for taker fee
Cryptocurrencies	200+	500+	11	200+
Regulation	Regulated by BAPPEBTI	Regulated by NMLS, MAS/FinCEN (Exceeded)	Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS	Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)

User Reviews

Mark Johnson

April 15, 2023

“I'm loving Tokocrypto! The interface is smooth, making trading a breeze. The security measures put me at ease; they've got 2FA and cold storage for my funds. With over 200 cryptocurrencies available, I've got choices galore. The customer support has been super helpful whenever I had questions. And those fee discounts using TKO？ Sweet deal! However, I wish they had more order types.”

Hugh Dennis

March 5, 2023

“I have mixed feelings about Tokocrypto. While the security features are decent with 2FA and cold storage, the lack of regulation makes me nervous. I've encountered liquidity issues on certain pairs, which is frustrating. And their customer support？ Not the quickest in responding. The trading fees are okay, but I find the discount system a bit confusing. The interface needs some improvement too.”

Conclusion

In conclusion, the available information does not provide specific details regarding the security measures, user feedback, cryptocurrency offerings, registration process, fees, deposit and withdrawal methods, educational resources, customer support, controversies, or user satisfaction with Tokocrypto. Therefore, it is difficult to fully assess the advantages and disadvantages of the exchange. Potential users are advised to thoroughly research and consider their specific trading needs and preferences before deciding to use Tokocrypto.

FAQs

Q: What types of cryptocurrencies can I trade on Tokocrypto？

A: Tokocrypto offers over 200 cryptocurrencies for trading, allowing users to explore diverse trading opportunities.

Q: What are the deposit and withdrawal methods supported by Tokocrypto？

A: Tokocrypto supports both bank transfers and crypto transfers for deposit and withdrawal methods, providing users with flexibility in managing their funds.

Q: Does Tokocrypto provide educational resources for traders？

A: Yes, Tokocrypto offersa YouTube channel, a webinar series, a knowledge base for beginners to use.

Q: Is Tokocrypto safe to trade with？

A: Tokocrypto employs security measures like 2FA and cold storage, which enhance its safety, however, as with any exchange, research and understand the risks before trading.

Q: Is Tokocrypto better than Coinbase？

A: Consider your priorities: if a broader range of cryptocurrencies and potentially lower fees are more important to you, Tokocrypto might be preferable. However, if regulatory compliance, trust, and ease of use are your primary concerns, Coinbase might be the better choice. Always research and assess your needs before making a decision.

Risk Warning

Cryptocurerncy trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.