N.Exchange is a cryptocurrency exchange registered in England & Wales (company no. No. 10009845).
This exchange supports a decent number 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.
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.
Another interesting feature is their table of Real Time Rates. In this table, they have listed certain exchange rates offered by themselves, ShapeShift and Changelly (although the figures from Changelly are missing on the date hereof, 18 July 2019). From the looks of it, if you’re selling something, it seems preferential to use N.Exchange instead of ShapeShift. In contrast, if you’re buying, ShapeShift seems to offer lower prices. Here’s the table:
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.
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.
N.Exchange recently established support for fiat currency deposits. You can deposit any of the following fiat currencies via credit card deposit:
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.