UPDATE 2 February 2021: Today, Tokens.Net posted the following message on their website. In summary, they are closing down.
I founded Tokens.net exchange in August 2017 with a strong conviction in transparency, decentralization and financial freedom. As a founder my main idea was to create a secure and transparent environment to trade various tokens that were being issued by numerous ICOs happening at that time. It has been more than 3 years since with Tokens.net recording zero security incidents, zero downtime, and was able to provide a solid and valuable technical product for its clients in which I, as the founder and owner of the company, take great pride.
Unfortunately, the ICO market deflated dramatically after 2017 with investors losing interest and moving back to investing in major cryptocurrencies. We changed our focus and started building our business model around those currencies but the reality is, Tokens.net can not compete with major players in that field of the market.
I believe any additional investments into continuing the business would not bring returns and would most probably be lost. In light of these facts I decided to cease all Tokens.net operations and close the exchange.
Our respected clients will be able to withdraw their funds and swap their DTR in time before the finalization of the company closure. The process of closure begins with this announcement on February 2nd, 2021 and will finalise by April 1st, 2021. DTR will be available for USDT swap at a fixed rate of 0.01124 USDT from February 16th, 2021 until April 1st, 2021.
I want to thank all Tokens.net clients, ICO investors and the team for their trust in my founding idea and for years spent on the exchange.
Thank you for your support and all the best,
Tokens.net founder and owner
Consequently, we have marked this exchange as "dead" and moved it to our Exchange Graveyard.
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A crypto exchange guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of TokensNet consists of four parts: general info, fees, deposit methods and security.
TokensNet is a crypto exchange from the United Kingdom (and apparently also Slovenia) that launched in 2018. There are numerous crypto exchanges registered in the UK, which is clearly Europe’s leader when it comes to being the home of crypto companies.
The trading volume at this platform is quite low. According to the data from coinmarketcap.com, the 24 hour trading volume on the date of first writing this review (29 October 2019) was USD 1.87 million. On the date of last updating this review (21 October 2020), the trading volume was roughly the same: USD 2.06 million.
The platform has three core values: transparency, safety and reliability. These three core values are all extremely important for a trustworthy platform.
As many other exchanges, TokensNet does not accept US-investors on its platform. If you’re from the US and you’re looking for the trading platform that is just right for you, don’t worry. Use our Exchange Finder to find an appropriate exchange for you.
As most other crypto exchanges, TokensNet also offers its trading platform in mobile format for both iPhones and Android phones. Statistically, most people do their crypto trading via desktop computer, but if you prefer to do it while on your mobile you can easily do so here.
TokensNet Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. The below is a picture of the trading view at TokensNet:
TokensNet Trading fees
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade. The maker thus “makes” the order being carried out. The other party is the taker, who places the order that matches (or “takes”) the maker’s order. The maker-taker model normally encourages market liquidity by giving the makers of that liquidity a fee discount.
TokensNet’s trading fees for both takers and makers are 0.10%. This fee is a bit below the global industry average. The global industry average taker fee is 0.213% and the global industry average maker fee is 0.16%, according to this comprehensive study on the subject, so TokensNet's fees are below average in both respects.
TokensNet Withdrawal fees
TokensNet charges 0.0005 BTC per BTC-withdrawal. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.0006. But today, we see more and more exchanges charging 0.0005 BTC per BTC-withdrawal, so one could argue that 0.0005 BTC is starting to become the new industry average. In any event, the withdrawal fees charged by this platform are in line with (or possibly even slightly below) the global industry average.
TokensNet previously did not accept any other deposit method than cryptos, so new investors were then restricted from trading here. However, on 21 October 2020, TokensNet launched a trio of new payment methods: Apple Pay, Klarna and Interac, thereby enabling both wire transfers and credit/debit card purchases.