A crypto guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of Tokpie consists of four parts: general info, fees, deposit methods and security.
Tokpie is a crypto exchange that launched in 2018. The platform is based in Hong Kong.
This platform’s main claim to fame is that they are – allegedly – the first platform offering bounty stakes trading. It allows traders and investors to get valuable altcoins of thoroughly selected projects by purchasing bounty stakes from hunters with huge discounts. At the same time, bounty hunters can get ETH, USDC, TKP regularly by selling bounty stakes with no risks to waste time for zero bounty rewards. Finally, crypto startups can boost awareness and avoid token price dump by allowing impatient hunters to sell their stakes before distribution to stakes-buyers. So, ICO (STO) projects are benefiting by allowing stakes-buyers to pay for the hype.
If you look at the trading volume of this particular platform, it is very low. Although we don’t have any data from coinmarketcap.com to rely on, CoinGecko reports that the 24 hour trading volume on the date of writing this review (12 November 2019) was USD 22,217. On the date of last updating this review (25 June 2020, right in the crisis with COVID-19), the trading volume was USD 110,084. This is a large improvement, but it might still be difficult for a trader at this platform to find orders with prices reflecting the actual market rate.
As far as we can tell, US-investors can trade at this trading platform. US-investors should however always try to figure out themselves whether there are any problems arising from their trading at one or several international crypto exchanges. Sometimes, state laws stand in the way for certain US-investors’ international crypto trading.
Tokpie Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should 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 Tokpie:
Tokpie Trading fees
This exchange doesn’t treat takers (persons taking orders off the order book), and makers (persons placing the orders that the first group of persons take off the order book) differently. Instead, they charge something that we call a “flat fee”. This means that they charge both takers and makers 0.10%.
0.10% is a quite competitive trading fee. Global industry average is arguably around 0.25%, so Tokpie’s fees are a fair bit lower than current global industry average.
The fees, however, vary depending on the user’s price plan. So the taker fee can be as low as 0.02%.
Also, Tokpie exchange users can decrease the trading fees by five times and withdrawal commissions by almost twice through holding TKP tokens on their account balances.
Tokpie Withdrawal fees
Tokpie does not support trading in BTC, so they don’t have a BTC-withdrawal fee that we can compare against other such fees. Their ETH-withdrawal fee, however, is 0.009 ETH. This should be compared with other exchanges’ ETH-withdrawal fees in our Exchange List, such as Joyso (charging 0.0006 ETH) EtherDelta (charging 0.0007 ETH per ETH-withdrawal), Allbit, Radar Relay and Kyber Network (all of them charging network fees, 0.004782 ETH per ETH-withdrawal) and Bilaxy (charging 0.01 ETH per ETH-withdrawal).
So, in comparison with the above, Tokpie’s withdrawal fee for ETH is the third highest.
However, in the same way as for the trading fees, the withdrawal fees vary depending on the user’s price plan. The withdrawal fees can be as low as 0.0005 ETH.
Tokpie previuosly did not accept any deposits of fiat currency. This meant that new crypto investors (i.e., investors without any previous crypto holdings) couldn't trade here. However, according to information from the exchange to Cryptowisser on 25 June 2020 (which we have verified independently), the exchange has now partnered with Simplex. This means that it is now possible to deposit funds to this platform via credit or debit card.
If you need an exchange where you can deposit via wire transfer, you can easily find one by using our Exchange Finder!
We run all 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. Tokpie only received an F-score in this test. This is below industry average. However, it is worth noting here that a majority of all exchanges in our Exchange List receive an F-score in this test.
Finally, we hope you have enjoyed reading the above review. We also recommend checking out the following exchanges. They are well established in the industry and have also gotten great ratings from the visitors on our site: