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- Posted 3w agoIt is extremely easy to use and I have used it in very many countries and it is seamless I am only concerned about 2.5% I loose for every transaction as the conversion rate is 2.5% less for every transaction The other concern is there is no need for pin to effect my transaction and so i am worried about the security. How do I activate it to be pin oriented.0 comments1
- Posted on 08 Oct 2019The app is simple and straightforward, no need for manual conversion between BTC and SGD. The card simply works.0 comments1
- Updated on 04 Oct 2019Super easy to use. Normal: Send BTC to Exchange -> Sell -> Transfer to bank account -> Spend TenX Card: Just spend The BTC price is lower than you get from exchange. Then again, you are paying for convenience just like you go to 7-11 stores instead of supermarkets.1 comment2
Mike Ferrer04 Oct 2019
Thanks for the review Rs! Simplicity and ease of spending your crypto is exactly what the TenX Card is for! - Updated on 04 Oct 2019One of the easiest and fastest method to spend your crypto, namely btc and eth, by using the Visa card. There is no additional fees (no fx, no fcc) over the quoted price in the app (except atm withdrawal flat fee), making it great to pay in any currency, anywhere. Withdrawal of crypto from the app is almost instant with no fees too. However, the crypto prices quoted is slightly lower compared to exchanges.1 comment1Mike Ferrer
04 Oct 2019
Thanks for your review and feedback jfk! The crypto prices are different compared to exchanges because we apply a cryptocurrency-to-fiat exchange rate based on 2 factors. 1.) Our engine queries a number of exchanges and bases the rate on the mid-market rate from these exchanges at the time of the transaction. 2.) We also charge a small spread on the exchange rate to cover operational costs. - Updated on 04 Oct 2019Very easy to use and fast, good customer service when help is needed and an easy verification process. Would love to be able to trade in app,. maybe a new feature? Rock on TenX.1 comment1Mike Ferrer
04 Oct 2019
Thanks for the feedback and your support L G! We’re always looking to improve and add new features such as the ability to buy and trade in-app alongside spending your crypto! We’re working on a lot of things for 2020! We’ll share new updates on features as soon as we can so keep a look out on our social media channels and join the: TenX community forum: https://forum.tenx.tech/ You can also bookmark our blog: https://blog.tenx.tech/
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| Name | TenX |
|---|---|
| Operations | TenX is a Singapore-based blockchain company that makes cryptocurrencies spendable on-the-go. TenX gives people the opportunity to make everyday purchases and withdraw money using their TenX Card. |
| Type | Phone Application (TenX Wallet) paired with a card |
| Fees | Issuing Fees, Annual Fees, Foreign Exchange Fees, Deposit Fees, Withdrawal/Send Fees, ATM Fee |
About TenX
TenX is a Singapore-based blockchain company that makes cryptocurrencies spendable on-the-go. TenX gives people the opportunity to make everyday purchases and withdraw money using their TenX Card.
TenX Features
A multi-blockchain debit card tied to a mobile wallet - Allows users to spend their crypto-assets around the world, be it online or offline, without incurring any forex or transaction fees.
- Ease of Use: Send and receive crypto on the go within the next business day
- Transparency: Tracking of expenses, transactions and purchases in the transaction history. Real time notifications will be sent to you when your card is used
- High Security: 2 Factor Authentication is enforced and fingerprint unlock feature is available on supported mobile devices
- Control over card management: Should you lose your card, you can lock and secure the lost card within the app, thereby disabling both the chip and the NFC. When found, you can unlock it again.
Fees Incurred For TenX
- Issuing Fees
- US$15 issuing fee for new physical cards that covers issuing and shipping costs.
- US$1.50 issuing fee for virtual card activation(when feature becomes available).
- Annual Fees - US$10 annual fee(waived if spending is more than US$1000 during the year)
- Foreign Exchange Fees - Free
- Deposit Fees - Free
- Withdrawal/Send Fees - Currently free for transfers between virtual currency wallets. For transfers between TenX Wallets, there are no charges.
- ATM Fee - Fixed fee of US$3.25 per withdrawal(additional fees by the bank may apply)
How to apply for a TenX Wallet?
1. Download the TenX Application and sign up using your email
2. Set up your 2 factor authentication and your 4 digit app passcode.
3. Pre-order your TenX card in the app.
3. Load your TenX card with cryptocurrencies and spend your them in the real world either in in-store purchase, online shopping and cash withdrawal at the ATM.
As of October 2019, TenX is yet to be available in the following countries:
- Afghanistan
- China
- Cuba
- Eritrea
- India
- Indonesia
- Iran
- Iraq
- Kosovo
- Lebanon
- Libya
- Myanmar
- North Korea
- Northern Cyprus
- Palestine
- Somalia
- South Sudan
- Sudan
- Syria
- United States
- Venezuela
- Yemen
TenX Contact Info
Address: 11 Keppel Rd, #07-00 ABI Plaza Singapore 089057
Should you have any other queries, you can ask TenX here.