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Nova Exchange

4.9 from 31 votes
Sweden
Supported coins

Fees

Taker fee

0.2%

Maker fee

0.2%

Withdrawal fee

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


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. NovaExchange 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 Fees

NovaExchange 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

We have not been able to find Nova Exchange’s withdrawal fees. On its website, the exchange states that:

“There is a small transaction fee that is required by the blockchain network – varies from coin to coin, in order for the transaction to happen.”

This is potentially a risk for you as an investor. If the exchange does not inform you about the exact amount of the withdrawal fees, it is simply a higher likelyhood that the withdrawal fees are high. Accordingly, we strongly urge you to make your own analysis of the withdrawal fees at this exchange before depositing any funds here and before concluding that it is the best cryptocurrency exchange site for you.

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