Nova Exchange logotype

Nova Exchange

4.2 from 42 votes
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Cryptos Supported (407)

Fees

Taker fee

0.20%

Maker fee

0.20%

Withdrawal fee

Bitcoin Logo 0.000154

Funding methods

Wire Transfer

Cross

Credit Card

Cross

Crypto

Yes

US Investors Permitted

Cross

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Nova Exchange 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 Nova Exchange consists of four parts: general information, fees, deposit methods and security.

General Information

Nova Exchange is a cryptocurrency exchange based in Sweden. There are only two other Swedish cryptocurrency exchanges: BTCX and Safello. Nova Exchange is indirectly owned by BTCX.

Nova Exchange supports more than 400 different cryptocurrencies. There’s only a handful exchanges in the world that has an equally large number of supported cryptocurrencies. This is indeed one of Nova Exchange’s strong advantages.

US-investors are not yet permitted to trade at this exchange. The legal uncertainty regarding cryptocurrency services in the U.S. have made many cryptocurrency exchanges go down this route and simply not permit US-investors. Don’t be too sad though, to find which alternatives you have if you are a US-investor, just use our Exchange Finder.

Nova 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. The below is a picture of the trading view at Nova Exchange:

Nova Exchange Trading View

Nova Exchange Fees

Nova Exchange Trading fees

This trading platform doesn’t charge different fees between the takers and the makers. Their fee model is instead something we call a “flat fee model”. Nova Exchange’s flat trading fee is set at 0.20%. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model. 0.20% is also in line with the industry average (the industry average is arguably around 0.25%).

Nova Exchange Withdrawal fees

There are exchanges out there that charge low trading fees and then hit you with high withdrawal fees. Because once you’re in, you can’t get out without paying withdrawal fees. Nova Exchange, however, is on the totally opposite sideo f the spectrum. They only charge the network fees when you execute a transaction. The global industry BTC-withdrawal fee is 0.000812 BTC per withdrawal. The network fees vary from day to day but are roughly 15-20% of the global industry BTC-withdrawal fee. Accordingly, also the withdrawal fee model at this exchange is competitive.

Deposit Methods

Nova Exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors can’t actually trade at Nova Exchange. If you don’t have any crypto but want to start trading at this exchange, you will first have to purchase the needed cryptocurrencies from another exchange and then, as a second step, deposit them at here. To find another exchange where you can purchase cryptocurrency for fiat currency, use our Exchange Finder and we’ll guide you through it.

Nova Exchange Security

Nova Exchange’s security score is B-, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is far above average when it comes to top crypto exchanges. The security score is even more impressive considering that a majority of all cryptocurrency exchanges in our Cryptocurrency Exchange List only receive an F-score in the Observatory-test.

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The exchange reviewed above has a large number of supported cryptocurrencies. If a large number of supported cryptocurrencies is an important factor for you in your choice of cryptocurrency exchange, you could also check out the following exchanges:

  1. Changelly
  2. Bleutrade
  3. YoBit
  4. Gate.io
  5. KuCoin
  6. BTC-Alpha
  7. Trade Satoshi
  8. OKEX
  9. Exrates

Nova Exchange Review - Cryptowisser Logo

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