A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of N.Exchange consists of four parts: general information, fees, deposit methods and security.
N.Exchange is a cryptocurrency exchange registered in England & Wales (company no. No. 10009845). United Kingdom is the country which without a doubt has the most cryptocurrency exchanges in the world. At least that we know of. A non-exhaustive list of exchanges from the UK (in addition to this one) includes Exmo, CEX.io, CoinEgg, Livecoin, DSX, LocalTrade, Bittylicious (funny name by the way), CoinMate, Indacoin, MixCoins, Paybis, Vaultoro, Instant Bitex and eToro.
This exchange supports a quite broad range of cryptocurrencies (as listed above on this page). Also, they will soon enable trading of Stellar Lumens (XLM), NEO Token (NEO) and Bitcoin SV (BSV) on the platform.
They do not list US-investors as prohibited from trading, but US-investors should always do their own independent assessment of any problems arising from their residency or citizenship.
On its website, the exchange states that it is a “fast, reliable and fully transparent” exchange built by members of the cryptocommunity, for members of the cryptocommunity. The exchange also emphasizes the importance of total transparency and that they are themselves a fully transparent exchange. “Everything is viewable through our API, starting from the order lists and ending with our coin reserves.”
An interesting feature of the exchange is that they have made their front-end client 100% open source.
N.Exchange Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. At this exchange, there is only an order box where you can input which cryptocurrency you want to trade. This makes it easily understandable for new crypto investors, while it might lack some features that more experienced traders look for. The below is a picture of the purchase interface at N.Exchange:
N.Exchange Trading fees
This trading venue doesn’t charge different fees between the takers and the makers. Their fee model is instead something called a “flat fee model” or, as they themselves call it, a service fee. Their service fee is set at 0.50%. This is roughly double the industry average trading fee (which is arguably around 0.25%).
N.Exchange Withdrawal fees
On the flip side though, the exchange does not charge any withdrawal fees. The 0.50% service fee covers all of the withdrawal fees (as far as we understand the information on their website). This partly makes up for the somewhat higher trading fee N.Exchange charges.
This neat little feature also makes N.Exchange an “entry-level exchange”, making it possible for entirely new cryptocurrency investor to start off their trading career here.
This exchange has a security score of F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges. However, the majority of cryptocurrency exchanges in our Cryptocurrency Exchange List actually only receives an F when running the Observatory-test. Also, the score in this test is only one of many indicators of an exchange’s security.
We hope you have enjoyed reading the above review. We also recommend checking out the following cryptocurrency exchanges. They are well established in the industry and have also received excellent ratings from the visitors on our site: