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US investors permitted
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 NLexch consists of four parts: general information, fees, deposit methods and security.
NLexch is a Dutch cryptocurrency exchange. Like Poland, Netherlands is also a very strong country when it comes to the number of cryptocurrency exchanges operating here. We have a dozen Dutch cryptocurrency exchanges listed in our cryptocurrency exchange list. The most popular of these are also the biggest competitors to NLexch in its home country. At the time of writing this review, the competing exchanges with the highest rating are: Litebit, Bitonic and Bitrush.
This exchange does not list US-investors as prohibited from trading, but US-investors should do their own independent assessment of any problems arising from their residency or citizenship. In a worst-case scenario, they may not be able to trade at one or several exchanges that could be the best cryptocurrency exchange site for them (maybe including this one).
NLexch Trading fees
This trading venue has a flat fee model amounting to 0.25%. This means that regardless of whether you are a taker or a maker in an executed order, you will be charged 0.25% (with no customary discount for makers). 0.25% can be argued to be exactly in line with the industry average when it comes to trading fees.
NLexch Withdrawal fees
This trading platform charges a withdrawal fee amounting to 0.003 BTC when you withdraw BTC. This is far above average in the industry. They also label it as “network fee” which is somewhat dishonest seeing that the term “network fee” normally refers to a fee being much lower than 0.003 BTC. One should consider whether this exchange has a strong offering to investors in other respects that outweighs the disadvantage of this higher withdrawal fee.
NLexch does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading at NLexch. If you don’t have any crypto but want to start trading at this exchange, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here.
NLexch’s security score is C, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with industry average when it comes to top crypto exchanges.
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: