UPDATE 31 July 2022: TOKOK has suddenly decided to close down its operations, due to "force majeure". They announced this on its website as follows:
The TOKOK website already closed. Starting from July 31, 2022, undrawn assets will be charged a 5% monthly management fee, with a minimum monthly fee of 5 USDT. FIL36 does not charge management fees, and will issue FIL to your last withdrawal address on the 15th of each month. Withdrawals of other currencies can only be submitted for manual review and withdrawal by E-mail. The withdrawal time is 7-14 working days.
If you have any questions, you can send an email to the customer service email: [email protected]
Thank you for your support of TOKOK!
Accordingly, we have marked the platform as "dead" in our Exchange Graveyard.
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What is TOKOK?
TOKOK is an exchange registered in the British Virgin Islands and it has been active since 2018.
The company behind this exchange is “Kindly Keep Network Technology Limited”. It is always comforting to have info about the company and team behind an exchange as such info on the website makes it less likely that the relevant exchange is a scam.
TOKOK Supported Cryptocurrencies
Furthermore, TOKOK has a large number of supported cryptos. This is of course an advantage for its users. For a list of all the cryptocurrencies currently supported by TOKOK, please visit this page.
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 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 TOKOK:
Finally under this section “General Info”, 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 a lot 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 crypto units withdrawn), and varies from crypto to crypto. For BTC-withdrawals, this exchange charges 0.0008 BTC. This is a bit above the glboal industry average. Global industry average BTC-withdrawal fee is approx. 0.00053 BTC according to this report.
TOKOK does not accept any deposits of fiat currency. This means that the new crypto investors (i.e., the investors without any previous crypto holdings) can’t trade here. In order to purchase your first cryptos, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!