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N.Exchange

3 from 1 vote
United Kingdom

Fees

Taker fee

0.5%

Maker fee

0.5%

Withdrawal fee

0

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


N.Exchange – Detailed review

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.

General Information

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.

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.

Fees

Trading fees

N.Exchange 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%).

Withdrawal fees

On the flip side though, N.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.

Deposit Methods

N.Exchange does not accept any other deposit method than cryptocurrencies. This means that new crypto investors can’t trade at N.Exchange. If you don’t have any crypto but want to start trading here, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here.

Security

N.Exchange’s security score is 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.

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If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.

Good luck!

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