TokoCrypto Review: Prestigious, Safe Exchange In Indonesia

October 22, 2023 - Around 8 mins mins to read

Indonesia is one of the countries that is thriving in terms of the cryptocurrency industry. Therefore, investors are also looking for a safe and reputable trading platform. In our opinion cryptocurrency exchange TokoCrypto could be a good choice. So let’s find out the pros, cons and its main functions to have a better overview via our TokoCrypto review.

TokoCrypto Review: Prestigious, Safe Exchange In Indonesia

About TokoCrypto

Tokocrypto is one of the leading cryptocurrency exchanges in Indonesia, according to top experts. It was established in June 2017. During the period of operation Tokocrypto has achieved many certain achievements, of which Tokocrypto was officially approved by the Indonesian government to become a trading platform approved by the Indonesian community. trust.

Since 2020, it has been actively partnering with Binance, the world’s leading cryptocurrency exchange in terms of trading volume. In the same year, it introduced TKO (TokoToken) – a service token and mobile trading app of its own design. Currently, more than 3 million traders cooperate with Tokocrypto. They can trade over 300 pairs, both standalone and using artificial intelligence.

Tokocrypto will definitely be invested by Binance Labs, details on investment levels have not been announced. In addition, Tokocrypto is also invested by QCP Capital, which is an investment fund that has invested in projects such as Casper Labs, Tidal Finance, Reef Finance and Cere Network.

Yudhono Rawis (“Yudho”) leads Tokocrypto as our CEO leveraging his strong exposure in the financial services industry. Yudho has a unique mix of strategy and operations having led M&A at a global consulting firm as a Partner and Head of M&A and as CEO. of a fintech company managed by OJK.

Tokocrypto exchange’s goal is to help Indonesians gain broader knowledge of the industry and integrate the technology into society and subsequently the global economy.

The further goal is to dominate the Southeast Asian market and become the leading cryptocurrency exchange in this region when the Southeast Asian market has no outstanding exchanges.

To our knowledge, the exchange allows US investors to trade here. Any US investor interested in trading here, under any circumstances,
should give their own opinion on any matter arising from their citizenship or place of residence.

Pros and Cons

Pros

Cons

High level of security – protect mobile apps with two-factor authentication and store customer funds in cold wallets;
Ability to combine different trading strategies, both active and passive;
Simple registration and quick verification
Competitive commissions for cryptocurrency exchanges and withdrawals;
Intuitive interface of the trading platform, excellent functionality;
Round-the-clock support in online chat and through popular instant messengers;
The existence of an affiliate program, regular discounts, bonuses and contests among existing customers.

Inability to trade with leverage;
For fiat currency, only Indonesian rupiah (IDR);
To reduce exchange fees, a transaction turnover of 50 BTC is required.

Services and Features

Trading

TokoCrypto excels at providing traders with a variety of currencies to trade, including Binance USD, Solana, Ethereum, Binance Coin, Bitcoin, Axie Infinity, Polygon, Dogecoin, and TRON. The client can improve his strategy by using the coins available after registration.

Depending on the TokoCrypto currency you choose to trade with or the payment method you use, payment fees may vary. TokoCrypto has an option to easily buy and sell cryptocurrencies while offering some of the most competitive fees, such as 0.2%.

Launchpad

The launchpad assists in getting new crypto projects to market through funding and development. I would like to tell you more, but the TOTO LAUNCHPAD page was not available at the time of writing, which is disappointing for a serious platform.

Learn & Earn

The Kotocrypto academy, the “Kriptoversity,” encourages you to earn Tokocrypto native token Toko Token (TKO) while you study crypto assets. Reading the user comments, I could see that there have been problems with people not being able to access their earned coins or even sign up for the project. Since most of the comments, there has been a new release of the software, so we’ll wait for the reviews.

You can download the Kryptoversity app here for Android and the Kotocrypto Bitcoin app here for both Android and Apple devices.

Passive income

Automated trading at Tokocrypto is possible with the help of bots from CryptoHero, an affiliated company. Traders can work with pre-made bots to place orders according to preset algorithms such as DCA, Exit and Price. More advanced users can set trading parameters for the robot based on the indicators or use the trailing Stop Loss function. Tokocrypto also partnered with KepingAi, a trading signal provider developed using artificial intelligence and sophisticated machine learning algorithms.

TokoNews

TokoNews merupakan portal is an aggregator related to blockchain and kripto installation. This is a platform that aggregates information and analysis in the cryptocurrency market for readers.

For a digital industry like cryptocurrencies, fast and accurate information capture is essential for investment. Therefore, TokoNews is a special point in the Tokocrypto ecosystem.

Mobile Support

If you are one of the people who prefers to do your cryptocurrency trading on your mobile, as opposed to on your desktop, you’ll be happy to know that Tokocrypto’s trading platform is also available as a mobile application. You can download it from Google Play.

How to get started with Tokocrypto?

The signup process is standard with s minimum age requirement of 17 years. You enter your email, choose a password, and click the terms of use agreement, which you can totally ignore here. There’s the usual to and fro of confirmation emails before you can log on and get started. Next, ‘Load’ your E-Money wallet via bank transfer or credit/debit card. Note that at this point, your fiat money will change into E-Money and thus won’t be protected against loss by the regulators.

You can access all the Tokocrypto services with this E-Money account and when it comes time to cash out, you can turn your E-Money wallet balance back into fiat. The withdrawal will be sent back to the account that is associated with your Tokocrypto account.

There’s a disclaimer that checks and controls may be performed to ensure you’re not involved in any money laundering, fraud, terrorist financing, or any other financial crimes. This is where the DeFi vs CeFi dilemma kicks in. Anything that you wish to keep private should NOT be done on Tokocrypto – or any other centralized crypto exchange, for that matter.

Fee

Transaction fee

Transaction fees are extremely important. At first glance, the fees may seem insignificant, but in the long run, they can add up to a substantial amount.

This trading platform charges the same for both the receiver and the producer. We call this fee model the “fixed fee model”. Both receiver and creator pay 0.10% here. This is a competitive fee model that is below the industry average.

Withdrawal fee

The exchange charges a withdrawal fee of up to 0.0005 BTC when you withdraw BTC. This fee is lower than the global industry average. The industry average – according to our research – is slightly above 0.0006 BTC per BTC withdrawal.

Overall, the trading and withdrawal fees at this exchange are in line with, or even slightly below, the global industry averages.

What is Tokocrypto Token (TKO)?

TKO is a token of the Tokocrypto exchange developed on the Binance Smart Chain (BSC) platform according to the BEP20 standard.

Specifications

Token: TKO.
Token name: Tokocrypto Token.
Blockchain: Binance Smart Chain (BSC).
Contract: 0x9f589e3eabe42ebc94a44727b3f3531c0c877809.
Standard: BEP20.
Total supply: 500,000,000 TKO.
Circulation supply: 108,500,000 TKO.

Allocation of TKO tokens

With a total supply of 500,000,000 TKO, tokens will be distributed as follows:

Foundation (20%): 100,000,000 TKO.
Product and Marketing (17%): 85,000,000 TKO.
Partnership and Ecosystem (17%): 85,000,000 TKO.
Team (15%): 75,000,000 TKO.
Binance Launchpad Sale IEO (15%): 75,000,000 TKO.
Community Airdrop (10%): 50,000,000 TKO.
Mining reward (3%): 15,000,000 TKO.
Advisor (2%): 10,000,000 TKO.
Private sale (1%): 5,000,000 TKO.

Token Sale

Private sale (Completed): Distributed 5,000,000 TKO at 0.1$/TKO and raised 500,000$.
Binance IEO Launchpad (Completed): Distributed 75,000,000 TKO at 0.1$/TKO and expected to raise 7,500,000$. Details of selling IEO TKO tokens on Binance Launchpad.

What is TKO token used for?

TKO is a token belonging to Tokocrypto exchange and will have the following functions:

Benefits on Tokocrypto exchange: Discounted transaction fees, airdrop rewards, token exchange for rewards and many other benefits.
Use in events on Tokocrypto: IEO, Listing, etc.
Join CeFi programs: TKO Savings, TKO Cashback.
Use on DeFi platforms: Participating in liquidity provision, liquidity mining, lending, etc.
Join the NFT market: TKO will be the backing token for the TKO NFT Arcade project and users can use TKO as payment for NFT works.

Conclusion – TokoCrypto Review

Above are our reviews of Tokocrypto cryptocurrency exchange dcihj. Overall, the exchange stands at an important position in the huge cryptocurrency market in Southeast Asia. They are properly managed in a country with tens of millions of potential unbanked customers. Besides, Tokocrypto is also supported by the world’s largest cryptocurrency exchange, Binance, which also gives it a stronger advantage in the market.

Hope the above article is useful to you. If you have any suggestions, please leave them in the comments section below to make our article better.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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