Tokpie

Tokpie Review

What is Tokpie?

Tokpie is a crypto exchange that launched in 2018. The platform is based in Hong Kong.

Bounty Stakes Trading

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.

Problematic Trading Volume

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.

US-investors

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 Fees

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 charges a withdrawal fee of 0.0005 BTC per BTC-withdrawal (technically Wrapped Bitcoin, so WBTC-withdrawal). This fee is a bit below the global industry average. The current global industry average is around 0.00057 BTC per BTC-withdrawal according to the largest empirical study ever performed on the subject (our own).

Deposit Methods

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!