What is Tokenize Exchange?
Tokenize Xchange (Tokenize) is a Singapore-headquartered digital exchange platform that allows the trading of digital assets in a safe and secure environment with competitive fees. Founded in 2017, its platform currently allows the trading of over 40 cryptocurrencies, including Bitcoin, Ethereum and its own unique token, the TKX.
Tokenize is one of the first three digital asset exchange (DAX) operators to receive full approval from the Securities Commission Malaysia in April 2020. In Malaysia, Tokenize is currently the second-largest DAX by traded market share. (www.tokenizemalaysia.com)
To date, Tokenize has more than 100,000 users across Singapore, Malaysia, Thailand, and Vietnam.
Why choose Tokenize Exchange?
Tokenize Exchange allows you to buy and sell digital currency at the most competitive rate; the lowest fee in Singapore. Our Token Store feature and local support hotline are the first in Asia.
Buying and selling of digital currency are easy and simple. Unlike other platforms, our platform is less complicated and more user-friendly. We strive to make your trading experience enjoyable and intuitive.
When was Tokenize Exchange first released?
Tokenize Exchange was released in early 2018.
What are the features of Tokenize Exchange?
Tokenize Exchange has an extensive list of features and the list is constantly growing.
Matches the best buy and sell price
Limit buy and sell order, hence minimal monitoring is needed
Limit order: Good till canceled
Queue your orders in the order book until your orders are filled
Newly-added feature: Market buy and sell order, hence immediately fulfills your order at best market price.
Lightning Speed Trading
Instant deposit and withdrawal transactions as compared to other exchanges whose processing time is 5 – 30 minutes.
Decentralized peer-to-peer cross-blockchain exchange.
View all orders placed for bid (buy) and ask (sell).
Enable users to deposit or withdraw their digital currency.
Tracks all pending and completed orders.
View all offerings at the marketplace.
What blockchain is Tokenize Exchange Token built on?
Tokenize Exchange Token is built on the Ethereum blockchain with ERC20 protocol.
How secured and regulated is Tokenize Exchange?
At Tokenize Xchange, security is our topmost priority. Integral layers of security enhancement such as Two-factor authentication (2FA) and compulsory address whitelisting have been strictly implemented to reduce the risk of our platform being hacked or misused.
Tokenize Xchange also only partners reputable technology and compliance service providers to uphold and protect the security integrity of our platform. We maintain a multi-signature cold wallet under Bitgo custodial solutions for storage of our user's digital assets. While Tokenize Xchange controls one of the keys, the other is held by the multi-signature custodian leader Bitgo making the wallet much more secure. Tokenize Xchange also is backed by Digital Asset insurance coverage by Bitgo, safeguarding users from any security risks.
Additionally, Tokenize Xchange conducts regular self-assessments against Monetary Authority of Singapore (MAS) regulations and guidelines, such as Notice on Cyber Hygiene and Technology Risk Management Guidelines. We pride ourselves in ensuring high security systems and actively engage independent third parties to perform penetration testing on our online and mobile applications.
We also perform identity verification on all users before they can start trading on Tokenize Exchange. This is to comply with existing rules on Know-Your-Customer (KYC), Anti-Money Laundering and Countering Terrorism Financing (AML/CTF) set out by the Monetary Authority of Singapore (MAS).
Will there be any risk that Tokenize’s bank account gets clamped down? And if so, what will happen to our money?
You can have our assurance that your money with us is and will not be used for unlawful purposes. At the moment, only Singapore residents have access to fiat trading. We have a contingency plan in place to ensure premium members will be able to safely withdraw their deposits in the event of an unpreventable clampdown of our bank account.