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 TOKOK consists of four parts: general information, fees, deposit methods and security.
TOKOK is an exchange registered in the British Virgin Islands. Out of all exchanges in our Cryptocurrency Exchange List, there are five others registered there (Ethfinex, Infinity Coin Exchange, YunEx and Bybit). But, as you know, when it comes to cryptocurrency trading, the world is your playing field and the locality of the exchange doesn’t really matter that much.
The company behind this exchange is “Kindly Keep Network Technology Limited”. It is always comforting to have information about the company and team behind an exchange as such information on the website makes it less likely that the relevant exchange is a scam.
Furthermore, TOKOK has a large number of supported cryptocurrencies. This is of course an advantage for its users.
And also, as far as we can tell, US-investors may trade at TOKOK. The exchange at least does not explicitly prohibit US-investors from creating accounts.
TOKOK offers its trading platform in mobile version as well, both IOS and Android. Mobile supports is of course very helpful for any investors that want to trade, or maybe just monitor their trades, on the go.
TOKOK 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 cryptocurrency 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 ascertain that it feels right to you. The below is a picture of the trading view at TOKOK:
Finally under this section “General Information”, we think its worth mentioning that TOKOK has a referral program. Through this program, you will receive 30% of the trading fees racked up by your invited users. If you hold more than 10,000 TOK, which is the exchange’s native token, your revenue share will be as high as 50%.
TOKOK Trading fees
Many exchanges charge what we call taker fees, from the takers, and what we call maker fees, from the makers. The main alternative to this is to simply charge “flat” fees. Flat fees mean that the exchange charges the taker and the maker the same fee.
This exchange charges a flat fee of 0.20% per trade. This is slightly below the global industry average (arguably 0.25%). So with respect to the trading fees, TOKOK has a competitive offering.
However, you can make the fees even more competitive by simpling holding TOK-tokens. By holding TOK-tokens, you can reduce the fees with as much as 50% (making the grand total trading fee 0.10%). Now that’s significantly more competitive – roughly 40% of the global industry average trading fees!
TOKOK Withdrawal fees
Another fee to consider before choosing which exchange to trade at is the withdrawal fee. The withdrawal fee is usually fixed (regardless of the amount of cryptocurrency units withdrawn), and varies from cryptocurrency to cryptocurrency. For BTC-withdrawals, this exchange charges 0.0005 BTC. This is also slightly below the industry average. Global industry average BTC-withdrawal fee is approx. 0.0008 BTC.
TOKOK does not accept any deposits of fiat currency. This means that the new cryptocurrency investors (i.e., the investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!
We run all the exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. TOKOK received an F-score in this test. Don’t be overly alarmed though, as F is actually the Mozilla Observatory-score received by the majority of all exchanges in our Cryptocurrency Exchange List.
The exchange reviewed above has a large number of supported cryptocurrencies. If a large number of supported cryptocurrencies is an important factor for you in your choice of cryptocurrency exchange, you could also check out the following exchanges: