US investors permitted
Token Store Review
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Token Store consists of four parts: general information, fees, deposit methods and security.
Token Store is a decentralized cryptocurrency exchange. As such, it doesn’t have a specific “home country”. Decentralized exchanges are becoming increasingly more popular. They are definitely gaining market shares against their centralized counterparts. One decentralized exchange that has grown very big lately and that you should also check out is Mercatox.
This exchange’s main function is to enable purchasing and selling ERC20-tokens. What Token Store has done more specifically is to plug into several other decentralized exchanges and thus create more liquidity at the exchange. In spite of this, the liquidity is still quite low (around USD 130,000 on a daily basis).
Token Store does not explicitly state that US-investors are prohibited from trading. Accordingly, we do believe that US-investors can trade here. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
As a downside with this exchange, it only offers trading against Ethereum. If the Ethereum-network would be overloaded somehow, this would of course impact this exchange and the trading at this exchange negatively.
The look of the trading platform at Token Store is quite intuitive. However, there is no trading chart, no tools for TA or any chat box or fields showing market depth. So if you can’t live without this, you have to use the Exchange Finder to find another exchange.
Decentralized exchanges do not require a third party to store your funds, instead, you are always directly in control of your coins and you conduct transactions directly with whoever wants to buy or sell your coins. These exchanges normally do not require you to give out personal information either. This makes it possible to create an account and right away be able to start trading. The servers of decentralized exchanges normally spread out across the globe leading to a lower risk of server downtime. However, decentralized exchanges as opposed to regular top crypto exchanges normally have an order book with lower liquidity than the regular top crypto exchanges. The latter thing is – as mentioned above – something Token Store tries to overcome by plugging in several other decentralized exchanges to their platform.
Token Store Fees
Token Store Trading fees
This decentralized exchange’s trading fees for takers are 0.30%. This fee is roughly in line with the industry average. The industry average is arguably around 0.25%. For makers, however, Token Store doesn’t charge any fees at all. This is of course a strong competitive edge if you’re usually the maker in your deals.
Token Store Withdrawal fees
The exchange charges a very reasonably withdrawal fee amounting to 0.00015 ETH when you withdraw from the exchange. You can’t trade BTC at this exchange which is why we do not have any BTC-equivalent fee as we have for most other cryptocurrency exchanges in our cryptocurrency exchange list.
Token Store does not accept any other deposit method than cryptocurrencies, so new crypto investors can’t trade here. If you don’t have any crypto but want to start trading here, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here. In order to find an “entry-level exchange” where you can buy your first crypto with regular money, please use our Exchange Finder.
Token Store’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.