About Nominex Exchange
Launched on 28.08.2019, Nominex Exchange is a centralized exchange based in Seychelles (Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles.). It claims to be licensed by the Estonian Financial Intelligence Unit (FIU).
Nominex offers a pool of advanced trading functionality at low trading fees. It also offers attractive rewards and bonuses through referral programs and trading. The registration process takes less than 4 minutes and the interface is user-friendly for both beginners and high-volume traders.
How To Sign Up & Start Trading
| Exchange | Details |
|---|---|
| Exchange Name | Nominex |
| Exchange Type | Cryptocurrency |
| Maker Fee | 0.10% |
| Taker Fee | 0.050% |
| Langugae | English |
| Deposit Fee | Free |
| Top Country | India |
| Website | Homepage |
How To Sign Up & Start Trading
Nominex Trading fees
Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.
Nominex Exchange charges what they call flat fees, meaning that both the takers and the makers pay the same fee: 0.10%. These taker fees are in line with, or even slightly below, the global industry averages for centralized exchanges. Industry averages have historically been around 0.20-0.25% but they now see new industry averages emerging around 0.10%-0.15%.
Fee rates
| Tariff level | 30d Volume, USDT | NMX balance | Maker / Taker | NMX Maker / NMX Taker | |
|---|---|---|---|---|---|
| Level 0 | 0 | or | 0 | 0.10% / 0.10% | 0.050% / 0.050% |
| Level 1 | ≥ 200K | and | ≥ 100 | 0.09% / 0.10% | 0.045% / 0.050% |
| Level 2 | ≥ 1M | and | ≥ 200 | 0.08% / 0.10% | 0.040% / 0.050% |
| Level 3 | ≥ 9M | and | ≥ 1K | 0.07% / 0.09% | 0.035% / 0.045% |
| Level 4 | ≥ 20M | and | ≥ 2K | 0.06% / 0.08% | 0.030% / 0.040% |
| Level 5 | ≥ 40M | and | ≥ 4K | 0.05% / 0.07% | 0.025% / 0.035% |
| Level 6 | ≥ 80M | and | ≥ 6K | 0.04% / 0.06% | 0.020% / 0.030% |
| Level 7 | ≥ 150M | and | ≥ 9K | 0.03% / 0.05% | 0.015% / 0.025% |
| Level 8 | ≥ 300M | and | ≥ 11K | 0.02% / 0.04% | 0.010% / 0.020% |
Nominex Withdrawal fees
Nominex charges a withdrawal fee of 0.0005 BTC per BTC-withdrawal. This fee is also in line with industry average, or even slightly below. The current global industry average is slightly above 0.0006 BTC per BTC-withdrawal so a competitive offering by here as well.
Deposit Methods
Nominex Exchange lets you deposit cryptocurrency assets to the exchange, which is quite standard. However, they also let you purchase and sell crypto via debit and credit cards. To be more specific, they cooperate with two payment service providers called Koinal and Mercuryo. Through these providers, users can use their VISA or MasterCard to purchase or sell cryptocurrency. If you use Koinal, you don’t have to complete a KYC-process. If you use Mercuryo, you do have to complete a KYC-process.
Wire transfer, on the other hand, are not an accepted deposit method at this platform. Seeing as fiat currency deposits are at all possible at this trading platform, Nominex qualifies as an “entry-level exchange”, meaning an exchange where new crypto investors can start their journey into the exciting crypto world.
Nominex Security
This claims to have Military Grade Security. As examples of what constitutes “military grade security”, they state that they store 94% of all user assets in multi-sig cold wallets, that they work with Google servers that has a 99.99% uptime (and thus the highest reliability on the market), and that they have employed industry best practices when constructing the platform.
Why Choose Nominex Exchange
Secure wallets
Your funds are stored in the wallets of the largest exchange — Binance.
Enterprise level hardware
Nominex works on Google servers with the highest reliability and 99.99% uptime.
Industry best practices
Nominex is built with the latest technologies and the best security practices that are used to create modern financial systems.
Successful smart contract audit
NMX DeFi personal and team farming smart contacts approved by secure industry leaders