TokoCrypto is an Indonesian centralized cryptocurrency exchange (CEX) and brokerage. Launched in 2017, it offers a spot market and AI-based trading. Additionally, TokoCrypto crypto exchange users can access the platform’s Learn & Earn program and other services provided by TokoScape.
TokoCrypto complies with KYC and AML regulations and requires users to verify their IDs. The TokoCrypto spot market and other financial services cannot be accessed in countries subject to international sanctions, including Cuba, Iran, and Syria.
Markets
Like many exchanges, TokoCrypto has its native token, the Toko Token (TKO). Users can trade the token on the TokoCrypto spot market. TKO holders are eligible for discounted fee rates.
TokoCrypto supports crypto-crypto and crypto-fiat trading. Fiat on- and off-ramps for the Indonesian rupiah are enabled. The platform supports the Binance Indonesian rupiah (BIDR), a stablecoin pegged to the value of Indonesia’s national fiat currency. In total, there are more than 570 TokoCrypto trading pairs available.
The TokoTrading Bot is an AI tool that automates and optimizes the trading process. Users can select manual settings for their TokoCrypto spot trades or use the options recommended by the AI engine. The platform offers two bots which are powered by KepingAI and CryptoHero.
The TokoCrypto crypto fees are based on a multi-tier, maker-taker model. There are 10 tiers in total, going from regular to VIP 9. The regular maker-taker fees are 0.1% each, increasing to 0.31% with tax. TKO token holders receive a 25% discount, bringing the regular fees down to 0.075%.
The VIP fees are based on two criteria – the 30-day TokoCrypto trade volume and the user’s TKO balance. Meeting at least one of the two criteria puts the customer at the appropriate VIP level. The trade volume values are denominated in BUSD.
The VIP 1 tier requires a TokoCrypto volume of 1 million BUSD or at least 2,500 TKO in holdings. At this tier, the maker fee is 0.09%. The taker fee is fixed at 0.1% throughout the VIP 1–3 tiers. Starting at VIP 4, the taker fee is set at 0.04%, while the maker fee is reduced to 0.02%.
There are no TokoCrypto exchange fees on deposits. Withdrawal fees are dynamic and subject to market conditions. The withdrawal rate is updated daily and is asset-specific. A minimum withdrawal amount is required for each token.
Other Services
Alongside the TokoCrypto cryptocurrency exchange, customers can also access earning programs, such as daily tasks, Lock & Earn or Learn & Earn. These services allow customers to earn TKO tokens as rewards for participation.
The TokoCrypto crypto exchange is part of the TokoScape blockchain ecosystem. This means that the exchange users can access additional Toko services, such as the NFT marketplace and the blockchain launchpad.
TokoMall is the ecosystem’s NFT marketplace. Users can mint, purchase, trade, and store their non-fungible tokens. The platform hosts exclusive collectibles and offers a mystery NFT program known as TokoSurprise.
T-Launchpad is a platform for funding and launching new blockchain projects through initial DEX offerings (IDOs). Developer teams can pitch their ideas to investors, who, in turn, can receive early access to the projects or new token airdrops.
About the Company
The TokoCrypto crypto exchange was founded by Pang Xue Kai in 2017. In 2019, it became the first Indonesian crypto exchange to be regulated by the country’s Commodity Futures Trading Regulatory Agency (BAPPEBTI). The company headquarters are in Jakarta, Indonesia.
In May 2020, it was announced that Binance, the company behind one of the biggest cryptocurrency exchanges in the world, was investing in TokoCrypto. The partnership aims to accelerate TokoCrypto’s business development. With Binance’s backing, the BIDR stablecoin was launched in June of that year.
In April 2021, the platform officially released the TokoCrypto token. You can learn more about the TokoCrypto crypto price and market performance by clicking here. In September, the TokoMall NFT marketplace was launched.
TokoCrypto is considered one of the biggest Southeast Asian cryptocurrency exchanges. By the end of 2021, the platform had over 2 million registered users. The average daily TokoCrypto volume was estimated at $191 million, increasing by more than 750% compared to 2020.
Pang Xue Kai is the CEO of the TokoCrypto cryptocurrency exchange and the honorary secretary of the Singapore Chamber of Commerce Indonesia. He was formerly an engineer working in the oil and gas industry. Since 2015, Xue Kai has been involved in the blockchain scene, becoming a crypto entrepreneur.
