Tokocrypto Review
There is no doubt that the finance system of the world today is evolving as several changes and developments, quite strategic, have taken place in recent years. A very substantial part of global finance operations has gone digitized with the coming of cryptocurrency. This digital finance system is gradually taking over the world as its popularity and adoption are increasing rapidly. Just recently, El Salvador adopted Bitcoin as a legal tender and means of payment within the country thus projecting the future of cryptocurrency in a very positive light. According to forecasts by economic experts and analysts, cryptocurrency is rapidly on the path of replacing fiat currency totally in the coming decades which further confirms how much technology is advancing.
Certain sectors are very instrumental in the operations of cryptocurrency and without these sectors, the world of crypto would be incomplete. A major sector to consider is the decentralized exchange system under which the Tokocrypto exchange falls. Before the advent of decentralized exchanges, digital assets, and crypto tokens have always had trouble staying in the possessions of their owners as there were several cases of cyber thefts and server hacks. This was because of the centralized system with which cryptocurrency began. More importantly, centralized exchanges have contributed immensely to increasing the rate of global adoption and acceptance by firms, agencies, and individuals.
Presently, decentralized exchanges are used widely globally with the volume of transactions increasing daily. While the world-leading cryptocurrency platforms are still centralized systems, the number of decentralized platforms keeps growing with several platforms springing up fast rate. Tokocryoto is one of such decentralized platforms which has made the buying, selling, and transfer of cryptocurrency possible for relatively little stress. This ease of access also is one reason for the speedy adoption of digital assets worldwide, today we consider Tokocrypto exchange and what puts it on the list with other decentralized platforms.
| Exchange platform | Tokocrypto |
| Website | tokocrypto.com |
| Variety tokens | 139 |
| Account needed | Yes |
| Verification | Yes |
| Verification levels | 2 |
| Trading platform payments | Fiat deposits through bank cards, crypto wallets |
| Custom Support | Medium, Twitter, Facebook, Telegram, and LinkedIn. |
What is Tokocrypto?
The country Indonesia has only recently begun to experience a rise in cryptocurrency activities within its borders with the establishment of Tokocrypto in 2017. Presently, the exchange is one of the biggest digital platforms in Indonesia much to the delight of its investors. Most individuals also feel safe on the platform because it is the leading regulated exchange in the country. This means that the crypto activities of this platform are overseen and monitored by certain regulatory agencies. Being regulated, Tokocrypto guarantees a form of security and safety to both investors and economic establishments in Indonesia. The need to bring the numerous benefits of cryptocurrency and blockchain technology is the party driving force behind the formation of Tokocrypto.
Even in the short time of its existence, the platform has succeeded in providing an opportunity for the public to gain from the blockchain network. Although regulated, the digital platform intends to be the most used crypto platform in Indonesia for both crypto transactions and investments alike. On the Tokocrypto exchange, the major focus is consumer satisfaction as it concentrates on providing a platform that is easy and simple and whereby individuals can do business with less stress and more confidence. By the simplicity of the exchange, the company hopes to attract more users and just generally allow people to benefit from the plenty of opportunities in the crypto market. Therefore, every trade or investment is designed to bring the best of rewards for users whether in the long or short term.
Furthermore, their utmost interest in customer satisfaction has led them to become a major hub for education and news concerning cryptocurrency and blockchain development in Indonesia. The exchange believes that for individuals to successfully trade and navigate within the crypto market, they should be armed with certain knowledge and information. Thus, the provision of information is taken very seriously on the platform as it is considered an added advantage to the success of its users.
Although their users are the company’s main priority, they also extend this education to the public by collaborating with blockchain communities and other key investors in blockchain technology.
Tokocrypto Trading Services
Trading on this crypto platform comes with a sincere desire to satisfy and meet the needs of the user while conducting transactions. In light of this, the platform provides services that would make the user experience a very favorable one at every point in time. The major focus of this platform is the buying and selling of cryptos and so it places more importance on this. With customer satisfaction in mind, Tokocrypto simplifies the entire transaction process in such a way that even a beginner in the crypto world can understand and navigate the platform successfully. It also easily supports Bitcoin and other Binance related tokens thus assuring users of a standard and worthwhile experience.
The digital platform also offers a variety of coins and tokens from which users can make multiple choices. By doing this, the chances of success of investors in the market are increased as these tokens have different profitability levels. This also gives users the opportunities to diversify their resources and acquire crypto assets with real prospects. Most of the coins on this platform are popular ones that have achieved a form of stability and with a more prospective future. Furthermore, the exchange has a native token which is Indonesia’s first virtual currency. This token offers users a more increased transaction process speed at a reduced cost so investors can trade faster and spend less.
This exchange platform concerns itself in the users’ experience which is a top priority and this is the reason for its support of the BIDR, a feature that puts transaction speed into consideration and ensures that they are high. This way, users can always be assured that their transactions would not be delayed which would encourage them to make more.
How Does Tokocrypto Work?
Platforms like Tokocrypto which place serious importance on customer satisfaction often enjoy high levels of patronage. The exchange is also not left out in this as it is one of Indonesia’s biggest exchanges presently. The goal of the platform is to make trading simple in such a way that users are fully involved and more interested in the conduct of transactions. In making the platform single, user protection is not left out as it is a guide for innovations on the platform. However, to trade on the exchange, certain requirements have to be met, most of which are easy.
As much as one would want to trade on the platform, it cannot be done without registering on the exchange. The registration involves the submission of certain personal details which will be features of the account created.
The exchange operates with privacy rules and so all private information stays within the company and is kept away from any third party. After the submission of personal information, the account would then be verified from one’s email and this is just the first step of the journey. Amazingly, one cannot trade without making an initial deposit and a deposit cannot be made in the absence of KYC (know-your-customer). This is a necessity that ensures that a buyer and seller relationship is established among the users of the platform to increase trust and credibility. The KYC would involve submitting some personal information also and an ID card for security reasons. Users are also required to provide valid and honest information as any case of falsification or misrepresentation would lead to disapproval of the KYC. Customers would also be required to take selfies during the process to ascertain that they are humans and not robots. After the completion and approval of the KYC, one can now buy and sell as much as possible on the platform. There are also levels with the KYC with each level exposing users to several market benefits.
In addition, users can now carry out transactions with much ease using their mobile trading apps which are available on Android and IOS. To use these mobile apps, however, one has to be in the KYC 1 level, in the absence of this, the offer cannot be made available. The platform also offers certain market features such as market order, limit order, and stop-limit order, and these features help users to navigate successfully and make profitable transactions.
Tokocrypto Withdrawal And Deposit Fees
The first step to both trading and withdrawal is the KYC after which all other actions can take place. In the placing of trade, transactions on this platform attract similar fees with other crypto exchanges. Theirs is however lower as both maker and taker fees are at 0.1% which is very encouraging as it spurs investors to put in more money. The lower transaction fees charged on cryptos on the platform have contributed widely to its use today. However, for crypto deposits on the platform, there are no deposit charges as they are free. It is just withdrawal that attracts fees that usually differ based on the tokens involved and their market value. This platform also stands out in the regard that one can make both fiat deposits and crypto deposits. Therefore users are not limited as they can use both ways to invest in the platform.
For investment in BIDR which is a stablecoin offered on the exchange, there is a minimum amount for investment which is 50,000 Rupiah even with the several opportunities available on the platform.
The higher one’s investment, the greater chances of more profits. Amazingly, this crypto platform supports both fiat withdrawals and crypto withdrawals as well as fiat and crypto deposits. There are however limits to fiat and crypto withdrawals which are determined by the KYC level the user is. As the platform places importance on providing the best experience for customers, deposits and withdrawals are made in the fastest time possible. Crypto deposits usually take three to five minutes, while fiat deposits are processed within one to twenty-four hours. Fiat withdrawals on this platform take about one to twenty-four hours also while crypto withdrawals become successful in ten to fifteen minutes.
Tokocrypto Security
For most crypto exchanges, security has always been a strategic focus as for users to trust an exchange with their digital asset, they must have been assured some level of safety and security. Tokocrypto is an exchange that places importance on the security of users’ assets. Asides from the fact that it is a regulated platform and this supports its credibility, the processes involved in registration ensure that people with fraudulent intentions are kept away. This is the main purpose of the KYC which connects buyers and sellers and confirms that their intentions are legitimate. The KYC also eliminates the risk of users falling for scam schemes and reduces the possibility of losing money to fraudulent activities.
Each users’ account is also protected with a two-factor authentication feature which provides extra security. This feature would require users to verify their identity twice thus protecting their digital assets, account data, and transaction history. The two-factor authentication is activated on both SMS and Google authenticator and for transactions to be completed, users would need to go through the process. Tokocrypto as an exchange is also committed to investors’ safety as their servers are regularly upgraded to deal effectively with any form of cyber hacks. Therefore, users can trade on the platform with an assurance that their digital assets are in safe custody.
Tokocrypto Interface
Several exchanges pay close attention to their interface as it plays a key role in attracting investors and users. Some interfaces speak of professionalism and high standards often suited for experts in the crypto world. Others have simplicity as the main goal so that everyone can relate easily. Tokocrypto falls into the second category as its interface is one of the simplest and easiest to navigate. The exchange ensures that all users, especially beginners and amateurs are very comfortable while carrying out crypto transactions. With an easily understandable outlook, it is no wonder why the platform is a very popular one.
Asides from being easy to understand, the exchange also offers educational materials which are relevant to cryptocurrency and its development. This way investors would not only trade but will see their interest in crypto increasing even as they are exposed to knowledge about it. By doing so, users gain confidence while conducting business in the crypto market which in turn results in more profit and gains. Users of this platform are assured all the time of a warm and comforting trading experience through the interface.
Customer Support
The relationship that exists between the platform and its users is one feature that makes it unique. It is an exchange that treats its customers and priorities and seeks to meet the needs and complaints of every individual. To achieve this, they have handles on various social media platforms where they connect to their customers and receive feedback which ultimately contributes to the growth of the platform. By taking feedback from users, the exchange develops itself to meet the changing needs of its users and ensure that the time they spend on the platform is worthwhile.
Help Center
The help center feature on the exchange allows users to relay any complaints they have while using the platform and also to resolve issues that might have occurred in the transaction process. The feature also allows the platform to receive feedback as to how their trading services have been functioning and how they can improve to maintain a good user experience.
Its official Telegram channel serves as a medium of conveying relevant information concerning developments and new features on the platform. It also keeps users and investors abreast of news regarding the platform and certain projects.
The company’s Twitter handle also serves as an announcement tool for passing relevant information to users who are on that social media. By doing so, investors are carried along in project developments and new happenings.
- YouTube
The company utilizes this platform to educate users on how to invest and navigate the platform with several video contents of basic operations on the platform. It is also an avenue through which plans and programs for the future are announced and explained in detail.
Conclusion
Even with the numerous crypto exchanges in existence today, Tokocrypto remains a unique platform to meet customers’ needs and provide the best trading experience. Trading assistance is also highly guaranteed with the transaction speed feature it offers allowing users to trade and invest more. The fact that the platform is regulated also gives credibility to its name and outlook. Being regulated implies that the exchange falls under certain bodies which monitor and oversee its operations. Since the platform operates in compliance with regulations made by regulatory bodies, it is safe to say that it would be here for a long time. Users are also assured that their money and digital assets cannot just vanish as it has been in some cases. There is therefore no doubt of the sustainability of the platform and its many benefits.
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