One of the biggest reasons why Indonesia has gained a great amount of knowledge about cryptocurrency over the past few years is because of TokoCrypto exchange. Aside from aiming to be a reliable crypto exchange, this platform sets out to do more by providing helpful features such as an in-house NFT market, Farming pools and more.
TokoCrypto’s goals include helping Indonesians become well-versed in cryptocurrency as well as incorporating it into their global economy in the long run. If you’re curious how this exchange is managing to achieve that, keep on reading here at Cryptoshimbun!
What is TokoCrypto exchange?
As for its origins, it was invented by a Singaporean entrepreneur, Pang Xue Kai to create the leading exchanges in Southeast Asia.
TokoCrypto is currently the leading regulated exchange in Indonesia as one of the first platforms introduced in the country back in 2018. It aims to provide a seamless, easy and simple way for traders to transact for crypto users in the country.
Now, 3 years later, the site has been on a steady increase in popularity, especially after partnering with the world’s largest crypto exchange site, Binance. The exchange’s success can also be attributed to the various benefits it provides for experienced and new traders.
Different benefits of using TokoCrypto exchange
Aside from giving its users the ability to trade, buy and sell their tokens, TokoCrypto exchange also provides various benefits that make them different from other platforms.
If you’re curious to learn more, here are some of the reasons why you might want to start using TokoCrypto exchange:
A reliable exchange site
Before adding any kinds of features to TokoCrypto exchange, it would first have to function as a reliable exchange site and luckily, this site passes the test exceptionally well.
Another factor that attributes to the reliability of TokoCrypto exchange is its experience in the market. As of the time of writing, the platform has been up and running for three years ever since it wasn’t launched back in 2018. This allows customers to look at the exchange and see it as something that they can trust and for good reasons.
Aside from its experience in the market, TokoCrypto is highly customer-focused. According to the company’s Litepaper, a summarized document that contains the important points of the company’s goal, the exchange promotes a consumer-first approach where they treat their customers as partners whose opinions they value with high regard.
Lastly, one of the most important factors to consider to tell if an exchange site is reliable is the user experience. Moreover, it also comes with a night mode which helps lessen eye strain for people who find the normal colours too harsh for their eyes.
Strong community support
Because TokoCrypto follows a customer-first framework, this creates a sense of community between the developers and the people on the network themselves. Not only does this prove the legitimacy of the platform but it also gives the traders a say in the site.
As of the time of writing, TokoCrypto exchange has a combined follower count of over 500k on both Twitter and Instagram. Given its track record though we can see this number going north of a million sooner or later.
Simple registration
TokoCrypto exchange provides its new users with an easy way to transition to their accounts by having a simple registration process. It only involves inputting their age and other important credentials. Those who are at the age of 17 and above are the only ones allowed to register.
Standard terms and conditions are available for users so they can read up to see if everything is good on their side. Lastly, TokoCrypto will require you to go through a Know Your Customer or KYC protocol which involves you verifying your identity to avoid mishaps such as fraud from happening.
Wide selection of supported tokens
Whether it be newcomers or veterans, traders won’t have a hard time finding their preferred coins in the TokoCrypto exchange because it supports a wide range of tokens. This makes the platform more accessible to a wider audience which helps with its popularity.
TokoCrypto has an impressive roster of over 350 coins according to CoinMarketCap which consists of big-name tokens as well as not so famous ones.
Other features of TokoCrypto exchange
Aside from the different benefits that this platform offers, it also provides various features that make it worth using. Some of these features are unique to the platform while others are not. Regardless, they make traders lives, newcomers and veterans alike, a lot easier.
Kryptoversity
Getting into the crypto market is not a walk in the park and TokoCrypto acknowledges this which is why they provide their own learning modules called the Kryptoversity. This feature can help new and long-time traders to familiarise themselves with the ins and outs of the industry to make them better investors.
The great thing about this app is that it’s free and it already comes with various lessons that can help traders get started on this spider web of industry.
BIDR
The partnership between TokoCrypto and Binance led to the creation of BIDR, a stablecoin that is pegged to the Indian Rupiah (IDR). Stablecoins are a great option if you’re someone who fears the volatility of the crypto market as these assets are permanently linked to a real-world value which in this case is the IDR.
BIDR can also be traded to other kinds of cryptocurrencies such as:
- Bitcoin
- Binance USD
- Tether
- Ethereum
- Binance Coin.
NFT Arcade
One of the fastest rising markets that spawned from cryptocurrencies is the NFT market which are digitalized artworks that can be put up for sale for a specific amount of cryptos. This rise in demand and popularity made TokoCrypto decide to create NFT Arcade, which is a marketplace for artists who want to monetize their artworks and have them be seen by collectors from around the world.
It offers artists and collectors a seamless way of transacting through the use of TKOs. Thanks to the decentralized framework of TokoCrypto exchange, they can process transactions through a peer to peer network which eliminates the need for intermediaries.
Farming pools
One of the best ways to earn more tokens on any exchange site is through farming pools. What farming pools allows users to do is lock in or stake their existing assets so that they can earn other tokens in the process.
These farming pools are run by smart contracts which are self-executing agreements between two parties. Once they both agree to the terms in the contract, it will be irreversible. Not a lot of platforms offer them which adds another reason why TokoCrypto is a solid choice for an exchange site.
Should you use TokoCrypto exchange?
With its abundance of useful features such as Kryptoversity, farming pools, a dedicated NFT market place and more, TokoCrypto exchange has proven that it’s one of the best choices for beginners and veterans alike. On top of all these useful benefits, you’d still be getting a reliable exchange site that checks off all the boxes that you need such as fast and cheap transactions, strong community support and more.