NiceX Exchange Review
NiceX is a centralized exchange that occupies #210 on Guru InvestingExchange Tracker. NiceX has trading volume US$356,435 in the last 24 hours and US$121,373,013 in the last 7 days.
NiceX currently has 46 cryptocurrencies, 0 paper currencies and markets (cryptocurrency trading pairs).
Compare NiceX next to other exchanges here: Exchange comparison tool.
NiceX is a crypto exchange launched in 2019 as the NiceHash crypto exchange. NiceHash is a hash mining marketplace that previously included an exchange within its platform. However, in January 2022, the company decided to create a separate partner company for the exchange, resulting in the creation of NiceX.
The NiceX cryptocurrency exchange benefits both miners and traders. Miners can trade or exchange their mining earnings using their NiceHash accounts, and traders are provided with various advanced trading tools, tracking orders, and different order types.
To use NiceX exchanges, users must undergo a thorough KYC procedure. In addition, access to the exchange is possible through: desktop and mobile devices.
Markets
The only trading option offered by the exchange is the NiceX spot market. It includes over 60 crypto assets and many NiceX trading pairs. In addition to supporting crypto assets, the exchange also supports the euro, making it both crypto-crypto and crypto-fiat exchange.
Traders can choose from two options − Simple conversion or advanced trading. The first option is ideal for beginners in the world of crypto trading. On the other hand, the Advanced Trading option is more suitable for experienced traders. It has different types of orders (Market orders, Limit ordersetc.), as well as unique sliding orders.
Since NiceX exchange supports Lightning Networkusers can send and receive BTC very quickly and at low cost.
Talking about NiceX exchange fees, it follows a producer-receiver model. Fees vary depending on NiceX’s individual trading volume. Maker fees range from 0.01% to 0.5%, and taker fees range from 0.03% to 0.5%.
Deposit fee vary depending on the crypto asset and the deposit amount. For example, while there is no fee for depositing more than 0.0005 BTC, there is a 0.00001 BTC fee for depositing between 0.00001 and 0.0005 BTC. From point of view Withdrawal feeThey also vary depending on the crypto asset being withdrawn. However, please note that when using the NiceHash Lightning network node, users do not incur any fees for BTC deposits and withdrawals.
Talking about other NiceX cryptocurrency fees, there is a fee for exchanging EUR to BTC and vice versa. For exchanges up to 100 euros, a fee of 1.45 euros will be charged, and for exchanges over 100 euros, a fee of 1.45% will be charged.
In February 2023, NiceX’s trading volume hovered around $388,000. If you want to check NiceX’s current volume, take a look above.
other services
The NiceX exchange allows users buy crypto assets using fiat currencies. They can do this using Visa, Mastercard, ApplePay and SEPA transfers.
In addition, it provides traders API interface. This allows traders to use trading bots that make the entire process easier.
Moreover, the exchange offers its own crypto wallet called NiceWallet.
About company
As mentioned earlier, NiceX is an exchange created in 2022 by the NiceHash team. The exchange is based in the British Virgin Islands.
NiceHash was founded in 2014 by Matjaž Škorjanec and Marko Kobal. Martin Skoryants to this day he is the CEO of NiceHash. Before getting into Bitcoin and blockchain technology, he served as the CEO of many thriving technology companies. He has a background in electrical engineering.
Marco Kobal no longer works with the project. Before founding NiceHash, he was the technical director of Arctur doo for more than 15 years. Having founded NiceHash and left the project, he decided to become an independent cryptocurrency expert and has remained so ever since.
NiceX related pages
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
