Why only digital assets like Bitcoin, Ethereum and Ripple can be traded on Tokenize Xchange?
These are the Digital Assets that is allowed by the Securities Commission of Malaysia at the moment.
How to buy digital asset?
In order to buy digital asset with Tokenize, first, you need to deposit money via local bank transfer.
Once your deposit is reflected in your wallet, you can proceed to buy digital asset from the Market page.
Can I buy Ethereum or Ripple using my Bitcoin or otherwise?
No. Currently our fiat to digital asset pairings are as follows:
- MYR- BTC
- MYR- ETH
What are the trading fees?
Tokenize Xchange fee schedule can be found here.
Are there trading minimums quantity?
The minimum quantity is 0.001 BTC.
The minimum quantity is 0.01 ETH.
The minimum quantity is 0.1 XRP.
How do I check the transaction status on the Tokenize apps?
Your transaction status should appear on Wallet page for fiat and Order page for digital asset.
From your dashboard click your profile and select Order. You will see your trading (buy or sell) transaction either Pending or Completed.
From your dashboard click your profile and select Wallet. You can check transaction by clicking History for your digital asset and fiat.
How does a limit order work and what are “maker” and “taker” orders?
Limit order is one of the most basic order types. It allows the trader to specify a price and amount they would like to buy or sell.
Maker is when you place an order, and it does not trade immediately, so your order stays in the order book and waits for someone else to fill/match with it later.
Taker is someone who decides to place an order that is instantly matched with an existing order on the order book.
How do I monitor a digital asset price and set up price alerts?
Please refer here for more info how to set up the price alert.
How price alerts work?