UPDATE 27 December 2020: We are not able to access this exchange. When trying to visit their website (nanu.exchange), we receive the following error message:
Accordingly, we have marked this exchange as dead in our database and moved it to our Exchange Graveyard.
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Nanu Exchange Review
A crypto exchange guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of Nanu Exchange consists of four parts: general info, fees, deposit methods and security.
Nanu Exchange is a crypto exchange from Brazil. The land of samba and football (“soccer” for you Americans) is actually also a wasp nest of crypto exchanges. The list of exchanges from Brazil featured in our Exchange List includes – in addition to Nanu Exchange – NovaDAX, BitcoinTrade, MercadoBitcoin, BitcoinToYou, Braziliex, FlowBTC and Foxbit. Nanu Exchange launched in 2017.
If you look at the trading volume of this particular platform, it is extremely low. Although we don’t have any data from coinmarketcap.com to rely on, CoinGecko reports that the 24 hour trading volume on the date of first writing this review (12 November 2019) was USD 1,401. On the date of last updating this review (16 March 2020, right in the middle of the crisis with COVID-19), the trading volume was only USD 605. This trading volume is so low that there is a risk that this exchange will have to shut down in the near future. So, if you’re a potential user of the platform, be careful.
In spite of the low trading volume, Nanu Exchange has quite a large selection of supported cryptos. On the date of writing this review, the number of cryptos was 71 different kinds. This is above average.
US-investors can trade here. However, if you are a US-investor, you should still always analyse whether your home state imposes any obstacles for your crypto trading. Sometimes, platforms will allow trading or use of crypto in spite of your own state prohibiting you from trading.
Nanu 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. They also show a price chart of the chosen crypto 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 see that it feels right to you. The below is a picture of the trading view at Nanu Exchange:
Nanu Exchange Fees
Nanu Exchange Trading fees
The one thing we can’t stress enough is that you must always ascertain the trading fees at any exchange you are interested in. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers make the liquidity in a market and takers remove this liquidity by matching makers’ orders with their own.
Nanu Exchange’s trading fees for takers are 0.25%. This fee is in line with industry average. The exchange also offers a discount to makers, who trade at a fee of 0.15%. This is especially beneficial for the investors not interested in picking up existing orders from the order book.
Both these fees are roughly in line with the existing industry averages.
Nanu Exchange Withdrawal fees
This platform charges a withdrawal fee amounting to 0.0008 BTC when you withdraw BTC. In a study performed by us here at Cryptowisser, we concluded that 0.000812 BTC per BTC-withdrawal was the global industry average BTC-withdrawal fee. So, Nanu Exchange are exactly in line with industry average here as well.
At Nanu Exchange, you can deposit through wire transfer, but not via credit card. If you for any reason need an exchange that also accepts deposits via credit cards, you can find one by using the filters in our Exchange List our simply by completing the Exchange Finder test.
Finally, as mentioned above, this exchange supports fiat currency deposits. Other exchanges that also have this option include: