Nominex exchange review
Nominex is a centralized exchange that occupies #195 on Guru InvestingExchange Tracker. Nominex has trading volume US$4,927,484 in the last 24 hours and US$7,932,471,527 in the last 7 days.
Nominex currently has 311 cryptocurrencies, 0 paper currencies and 391 markets (cryptocurrency trading pairs). The most popular trading pair on Nominex is FDUSD/USDT.
You can read the full Nominex expert review here: Nominex Review.
Compare Nominex next to other exchanges here: Exchange comparison tool.
Nominex cryptocurrency exchange is convenient centralized exchange which provides high security, expert trading tools and referral scheme in addition to other features.
Additionally, please note that Nominex Binance exchange broker. This indicates that all Binance liquidity, as well as all trading pairs, are available on the Nominex platform.
In addition, all Nominex funds are stored on Binance, where transactions are also carried out.
Users can withdraw up to 0.1 BTC per day without KYC verification. However, if they want to withdraw more, they must go through the KYC process. In addition, access to the Nominex crypto exchange is possible through: desktop and mobile devices.
Markets
Users have access to the exchange over 200 different tokens and over 1000 different Nominex trading pairs. BTC/USDT is the most popular trading pair due to Nominex’s highest trading volume as of February 2023. A Nominex spot trading option is available, but there are no perpetual or futures trading options. Moreover, this exchange only for cryptocurrency.
NMX is the native utility token of the Nominex crypto exchange. It is based on BEP-20 token standard. The main use cases for NMX tokens are farming and user incentives. You can find out the current price of the Nominex cryptocurrency. Here.
For Nominex exchange fees you should producer-receiver model. There are 9 levels in which the maker and taker fees vary accordingly. However, Nominex cryptocurrency fees may be determined by Nominex’s individual 30-day trading volume or the number of NMX tokens held. NMX token holders pay half of the fees paid by those who do not own NMX..
other services
Apart from trading, Nominex offers many other features. Firstly, it allows users buy cryptocurrency using Visa or MasterCard.
Also on the exchange there is Referral program, which allows traders to earn passive income by attracting new people to the exchange. There are 5 referral levels and 4 types of rewards in total. Referrers can receive up to 100% discount on trading commissions and free cryptocurrency withdrawals.
In addition, the exchange offers Nominex Arena, which allows traders to participate in trading tournaments. They can either participate in demo tournaments to learn or in Real Battle to compete in a real tournament.
Another important feature of Nominex is NMX farming. It allows users to earn various rewards including NMX, trading fee discounts, etc. by staking their NMX tokens.
Finally, the exchange offers education function for those new to the world of cryptography. There are 10 trading lessons and an exam to get new traders started.
About company
Nominex is a centralized exchange launched on August 28, 2019. Located in the Seychelles. In addition, there is a license issued Estonian Financial Intelligence Unit (FIU).
Nominex founded the cryptocurrency exchange Pavel Shkitin. He is also the CEO of Nominex. Pavel has extensive experience in cloud business systems, e-commerce solutions and the respected blockchain sector. Over his decades-long career, he has become known for creating innovative platforms that enable secure transactions. His goal was to create an exchange that would provide everyone with a regular income opportunity and allow them to participate in trading activities without worry. Paul’s accomplishments go beyond simply building exchanges.
Another leading member of the team is Alexander Petrovich who is the CTO of Nominex. He has 13 years of experience in backend development, 5 years of experience in financial services development, and 9 years of experience in the blockchain industry. He used his specialized knowledge to create a lightning-fast scheme that allowed clients to trade around the clock. Alexander’s experience in server development gave him an advantage in creating secure applications that are reliable and protected from external threats. He is well versed in many programming languages such as Java, Ruby, Python, JavaScript and others.
There are also Denis Korablev who is the CEO of Nominex. Using his 12 years of experience in front-end programming and UI/UX design, he incorporates all user requests into a layout that is quick and easy to use.
Nominex related pages
Read the hottest Crypto news.
Watch the animated crypt Video explanation.
Learn Cryptocurrency From scratch.
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.
