We have traded in equities, futures and FX too. This allows us to capture all possible market opportunities available, giving us the best returns in every possible circumstance.
Brokers for traditional asset classes as mentioned above are readily available online and offline.
But what about those who are looking to trade Bitcoins and other crypto-currencies? And what's more, to look for a Singapore registered bitcoin broker and transact in SGD?
Enter Tokenize Exchange.
This is the company in Singapore that allows buying and selling of actual Bitcoins, as well as other crypto-currencies. No doubt there are other exchanges that allow trading of coins, but there is one problem: those are Derivatives Trades.
What are derivative trades? By definition, the derivative of a function of a real variable measures the sensitivity to change of the function value with respect to a change in its argument. That also means that the coins that are purchased are not the actual coins to deposit and withdraw from. It is merely participating in the price changes with hopes of profiting.
Tokenize Exchange allows users to buy and sell actual coins. Once purchased, it allows withdrawal to other wallet addresses. There are different wallet addresses for different coins. Make sure it is the right coin to the right coin addresses for successful withdrawal. The screenshot as below:
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The fees for Tokenize Exchange are extremely competitive as well. Rates are as low as 0.1% for Platinum users. And with the addition of using TKX as trading fees, fees for each execution are negligible. It cannot be $0 because there has to be a fee for the trading service rendered.
Based on the example above, the purchase of S$650 worth of bitcoins costs only approximately S$0.32 cents! That is even cheaper than buying custody SG shares! Of course please note that I am a platinum user and I am using TKX (Tokenize own coin) to settle for the trading fees. In summary, I am enjoying a 50% discount off the regular fees.
Still assuming that if it is not a discount of 50% off, it is still a regular fee of S$0.70 per trade for a transaction of S$650. I really think it is competitive and effective for a Singapore company to be able to offer such rates.
So where does Tokenize Exchange come from?
This can be found in the description of its utility coin.
In case the words are too small:
{
What is Tokenize Xchange (TKX)?
Tokenize Xchange is a fully integrated cryptocurrency exchange that offers both individuals and institutional investors a frictionless and un-sophisticated user experience. The platform will serve as not only a financial tool but also as an educational and communal instrument in proliferating the values and ideas that the blockchain has to offer. The TKX token can be used to pay transaction fees for any trades on the platform, doing so will allow for significant reductions in the fees.
The TKX token is an ERC20 token based on the Ethereum blockchain.
Uses and Benefits
Tokenize Exchange is an all-in-one focal point that provides Digital Exchange, IEO Platforms, Merchant Solutions, Information, and Educational Resources.
Using an intelligent trading algorithm Tokenize Xchange offers competitive rates as well as a personalized customer experience. It's simple and user-friendly interface allows ease of use for both individuals and institutional investors.
On top of that users also enjoy regular perks and promotions.
}
Tokenize Exchange allows direct transfer of SGD from bank to bank. This avoids credit card and other transfer fees necessary for the trades. If there are any issues or delays, there is also a telegram support group for end users to reach out to the Support Team. Screenshot of the Tokenize telegram group.
Through the telegram group of Tokenize, I have seen the community grow from a mere hundred users to the current size of 12k users, spanning over the ASEAN region
For myself, I am an early adopter and I found this company by chance. I have been using Tokenize Exchange for almost 1 year plus. Given the numerous requests from my friends to ask for tips and suggestions, I post many ideas and work with many partners hand in hand to post and share on this personal website of mine. So I feel that it is time for me to do a post to share another tip of mine for friends who have been looking out for a local SG crypto broker.
On ending note, the fees are competitive and according to the market rates. The greatest winning point for me is that it is a locally registered company with the ability to transfer and transact in SGD via bank transfer. This is the best for me to interact and have a Singaporean company to handle my trade orders.
Currently, MAS (Monetary Authority of Singapore) does not regulate Bitcoin or cryptocurrencies, hence there is no need for Tokenize Exchange to be registered as well.
Hope that gives a concise view of Tokenize Exchange.
If you decided to give it a try, I will be appreciative of you to use my referral link here. This gives you and I 5TKX each. We can use it to offset out trading fees.
Thank you for reading and happy trading!
