UPDATE 1 July 2020: Nocks has closed down its operations as of 1 July 2020. It is no longer possible to access or open an account with.
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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 Nocks consists of four parts: general information, fees, deposit methods and security.
This is another one of those Dutch cryptocurrency exchanges. We have a dozen Dutch cryptocurrency exchanges listed in our cryptocurrency exchange list. The most popular of these (and thus the biggest competitors to NLexch in its home country) at the time of writing this review are: Litebit, Bitonic and Bitrush.
The company has three different pillars in its business: Nocks Pay, Nocks Checkout and Nocks Trade.
The Pay-segment is like a payment system that let’s you manage your payments through recurring and planned payments. The Checkout-version is a payment acceptance system that lets merchants and others accept cryptocurrency payments as payment for their respective goods and services. Both online and physical stores can enjoy the Checkout option. Nocks Trade is the cryptocurrency exchange.
However, you can only trade five cryptocurrencies here and those are the NLG (Gulden), the BTC (Bitcoin, the ETH (Ethereum), the GET (GET Protocol), the LTC (Litecoin) and the NCKS (Nocks Utility). So if you’re looking to trade any other cryptocurrency, you will have to pick another cryptocurrency exchange. But don’t worry, just use the Exchange Finder and we’ll guide you to the place you need to be.
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.
Nocks 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. The below is a picture of the trading view (price chart, order book etc., but not including any order boxes as they can be found elsewhere at this exchange) at Nocks:
Nocks Trading fees
The exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Their flat fee is 0.25% per filled order, which is exactly in line with industry average.
Nocks Withdrawal fees
The exchange charges a withdrawal fee amounting to 0.1 NLG when you withdraw NLG. This fee seems to be in line with industry average (although you can argue that there isn’t enough data to really determine what is an industry average on NLG-withdrawals).
The exchange offers wire transfer as a deposit method, but you can’t deposit via credit card.
The security score for this exchange is an impressive B, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is far above average when it comes to the top crypto exchanges.
There are only a few exchanges that – like the above exchange – receive Mozilla Observatory-scores of B or higher. The following list includes a few other such exchanges with very impressive security scores: