Tokocrypto, founded by Pang Xue Kai, is a crypto exchange based in Indonesia that offers over 350 tradable coins.Binance backs this centralized exchange that has over 14 million daily trading volume.
Tokocrypto's earn feature allows traders to stake over 83 digital assets and earn up to 17% APR.
Tokocrypto Exchange Company Information and Regulation
Tokocrypto is an Indonesian cryptocurrency exchange platform that has been making waves in the Southeast Asian crypto market since its launch in November 2018.
As the first company registered with Indonesia's Commodity Futures Trading Regulatory Agency (BAPPEBTI), Tokocrypto has established itself as a trusted and compliant player in the industry.
Key points about Tokocrypto:
- Founded in 2018
- Regulated by BAPPEBTI
- Partnered with Binance for platform development
- Introduced TKO, the first Indonesian cryptocurrency
- Aims to promote blockchain adoption in Indonesia
Tokocrypto Specifications Table
Let's review the key features of Tokocrypto exchange:
Exchange | Tokocrypto |
Launch Date | November 2018 |
Levels | 9 |
Trading Fees | Vary by levels, starting from 0.036% |
Restricted Countries | North Korea, Iran, Syria, etc. |
Supported Coins | 359 |
Futures Trading | No |
Minimum Deposit | 50000 IDR |
Deposit Methods | Crypto, bank wire |
Withdrawal Methods | Crypto, bank wire |
Maximum Leverage | 1:1 |
Minimum Trade Amount | Varies by assets |
Security Factors | 2FA, anti-phishing code, address whitelisting |
Services | DCA, Launchpad, NFT marketplace, staking |
Customer Support Ways | Live chat, email |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market orders |
Tokocrypto User levels
Tokocrypto offers 9 different user levels for traders with specific trading volumes.
let's review these levels and how they affect trading fees:
Level | 30-day trading volume |
VIP 0 | < 1500000000 IDR |
VIP 1 | ā„ 1500000000 IDR |
VIP 2 | ā„ 3750000000 IDR |
VIP 3 | ā„ 7500000000 IDR |
VIP 4 | ā„ 15000000000 IDR |
VIP 5 | ā„ 37500000000 IDR |
VIP 6 | ā„ 75000000000 IDR |
VIP 7 | ā„ 150000000000 IDR |
VIP 8 | ā„ 375000000000 IDR |
VIP 9 | ā„ 750000000000 IDR |
High-volume traders can enjoy high VIP levels and experience lower trading fees when trading their favorite assets.
Fees and Commissions on Tokocrypto Exchange
Tokocrypto employs a tiered fee structure based on a user's 30-day trading volume, as mentioned above.
Here's a breakdown of the fees:
Level | Maker | Taker |
VIP 0 | 0.1% | 0.1% |
VIP 1 | 0.0975% | 0.1% |
VIP 2 | 0.095% | 0.1% |
VIP 3 | 0.09% | 0.1% |
VIP 4 | 0.08% | 0.09% |
VIP 5 | 0.07% | 0.08% |
VIP 6 | 0.05% | 0.06% |
VIP 7 | 0.046% | 0.058% |
VIP 8 | 0.042% | 0.054% |
VIP 9 | 0.036% | 0.048% |
Tokocrypto's fee structure is competitive within the Indonesian market, especially for high-volume traders.
The exchange doesnāt charge deposit fees and has low withdrawal fees for various coins and tokens.
Coins and Assets on Tokocrypto Exchange
Tokocrypto offers a diverse range of digital assets (over 350) for trading, including:
- Major cryptocurrencies: Bitcoin, Ethereum, Binance Coin
- Altcoins and DeFi tokens: AAVE, Pol, Sushi, TAO
- TKO (Tokocrypto's native token)
- BIDR (Indonesian rupiah-pegged stablecoin)
The exchange continually expands its listings to provide users with access to emerging cryptocurrencies and blockchain projects.
Tokocrypto's integration with Binance also allows for the seamless trading of popular assets available on the global exchange.
Futures and Margin Trading on Tokocrypto Exchange: Main Specifics
Tokocrypto primarily focuses on spot trading and doesn't offer futures trading at the moment.
Here's what you need to know:
- Futures trading: Not currently available, but in development
- Margin trading: Limited options available for selected cryptocurrencies
As Tokocrypto continues to grow, the introduction of futures and margin trading will likely attract more experienced traders to the platform.
However, it's important to note that these advanced trading options come with higher risks and are unsuitable for all investors.
Registration and Verification on Tokocrypto
Getting started with Tokocrypto is a straightforward process. Here's a step-by-step guide to register and verify your account:
- Visit the Tokocrypto website and click "Register"
- Enter your email address and create a strong password
- Verify your email address by entering the code Tokocrypto sent you
- Select your citizenship
- Capture and upload a face recognition video
- Upload ID documents
- Provide other necessary information to complete verification process
Tokocrypto's verification process is designed to comply with local regulations and ensure the safety of its users.
While it may seem extensive, this level of security is crucial for protecting your assets and maintaining the integrity of the platform.
Tokocrypto Exchange Security
Security is a top priority for Tokocrypto, and the exchange has implemented several measures to protect user funds and data:
- Partnership with Ceffu for institutional-grade custody solutions
- Multi-party computation (MPC) backed cold storage system
- Zero-trust security model for transaction authentication
- ISO 27001 and ISO 27701 certified
- Regular security audits and penetration testing
- Two-factor authentication (2FA) for user accounts
- Address whitelisting
- Anti-phishing code
Tokocrypto's commitment to security is evident in its partnerships and certifications. By leveraging industry-leading security solutions, the exchange aims to provide a safe and trustworthy environment for users to trade cryptocurrencies.
Tokocrypto Exchange Payment Methods
Tokocrypto offers various payment methods to accommodate its users:
- Bank transfers (Indonesian banks)
- Crypto transfers
- Binance
This variety helps traders choose the method that they are most comfortable with. However, the platform's lack of credit and debit payment options is a major drawback.
Tokocrypto Trust Scores and Evaluations
Tokocrypto has gained mixed reviews on the Trustpilot website. Many people pointed out slow withdrawals and bad customer support as the main issues on this platform.
Overall, Tokocrypto has received a 2.3 out of 5 rating on this website, which new users must consider before joining this exchange.
Copy Trading and Investment Options on Tokocrypto Exchange
Tokocrypto offers 2 main investment options for users:
- Recurring Buy (DCA): Automate your investments with dollar-cost averaging
- Earn: Stake over 86 cryptocurrencies to earn passive income
TF Expert Suggestion
With innovations such as the TKO token and BIDR stablecoin, Tokocrypto aims to increase cryptocurrency adoption in Southeast Asia.
However, limited availability in North America and Europe and the 2.3 out of 5 Trustpilot rating are important facts to consider before joining Tokocrypto.
