Token.Store
Exchange Fees
Deposit Methods
Cryptos (4)
UPDATE 22 June 2020: This exchange has closed down. They announced their closure through the following message on their website:
Accordingly, we have marked this exchange as dead and moved it to our Exchange Graveyard.
To find a reliable exchange where you can start an account, just use our Exchange Filters and we'll help you find the right platform for you.
Token.Store Review
Token.Store is a decentralized cryptocurrency exchange launched in July 2017. As such, it doesn’t have a specific “home country”. Decentralized exchanges are becoming increasingly more popular. They are definitely gaining market shares against their centralized counterparts.
This exchange’s main function is to enable purchasing and selling ERC20-tokens. What Token.Store has done more specifically is to plug into several other decentralized exchanges and thus create more liquidity at the exchange. In spite of this, the liquidity is still quite low (around USD 130,000 on a daily basis).
On the date of last updating this review (19 July 2019), Token.Store stated on their website that they had processed 500K+ transactions and had 300+ listed assets.
As a downside with this exchange, it only offers trading against Ethereum and, through an alternative platform launched in April 2019, EOS.
A feather in the hat for Token.Store is their live support, which is available in Token.Store’s Telegram group. To our knowledge, Token.Store’s users are generally very satisfied with the support.
US-investors
Token.Store does not explicitly state that US-investors are prohibited from trading. Accordingly, we do believe that US-investors can trade here. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
Token.Store Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself 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 cryptocurrency 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 ascertain that it feels right to you. The below is a picture of the trading view at Token.Store:
Decentralized exchanges
Decentralized exchanges do not require a third party to store your funds, instead, you are always directly in control of your coins and you conduct transactions directly with whoever wants to buy or sell your coins. These exchanges normally do not require you to give out personal information either. This makes it possible to create an account and right away be able to start trading. The servers of decentralized exchanges normally spread out across the globe leading to a lower risk of server downtime. However, decentralized exchanges as opposed to regular top crypto exchanges normally have an order book with lower liquidity than the regular top crypto exchanges. The latter thing is – as mentioned above – something Token.Store tries to overcome by plugging in several other decentralized exchanges to their platform.
Token.Store Fees
Token.Store Trading fees
This decentralized exchange’s trading fees for takers are 0.30%. This fee is roughly in line with the industry average. The industry average is arguably around 0.25%. For makers, however, Token.Store doesn’t charge any fees at all. This is of course a strong competitive edge if you’re usually the maker in your deals.
Token.Store Withdrawal fees
The exchange does not charge any withdrawal fees at all. This is indeed very competitve in the cryptocurrency markets. They do however suggest that the users keep at least pay 0.01 ETH in their personal wallet in order to cover the gas fees.
You can’t trade BTC at this exchange which is why we do not have any BTC-equivalent fee as we have for most other cryptocurrency exchanges in our cryptocurrency exchange list.
Deposit Methods
Token.Store does not accept any other deposit method than cryptocurrencies, so new crypto investors can’t trade here. If you don’t have any crypto but want to start trading here, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here. In order to find an “entry-level exchange” where you can buy your first crypto with regular money, please use our Exchange Finder.
Token.Store Security
The servers of decentralized exchanges normally spread out across the globe. This is different from centralized exchanges that normally have their servers more concentrated. This spread-out of servers leads to a lower risk of server downtime. It also means that decentralized exchanges are virtually immune to attacks. This is because if you take out one of the servers, it makes little to no difference for the network of servers in its entirety. However, if you manage to get into a server at a centralized exchange, you can do a lot more harm.
Also, if you make a trade at a decentralized exchange, the exchange itself never touches your assets. Accordingly, even if a hacker would somehow be able to hack the exchange (in spite of the above), the hacker can not access your assets. If you make a trade at a centralized exchange, however, you normally hold assets at that exchange until you withdraw them to your private wallet. A hacker can therefore hack a centralized exchange and steal your funds held at such exchange. That's not possible in the same way when it comes to a DEX.