NAGAX: licences, security, fees and reviews
Centralized exchange
In short
- Legal entity
- NAGA X LTD, Cyprus, CySEC registration No. 009/23
- Risks and caveats
- The wallet is custodial: NAGA X holds the private keys for users.
- Checked
- 31 October 2026
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Key facts
- Type
- Centralized exchange
- Operator
- NAGA X LTD
- Official site
- nagax.com/eu
Key facts checked on 31 October 2026 against official sources and regulator registers.
What is NAGAX
NAGAX is a centralised crypto exchange and custodial wallet app of the German-listed NAGA Group, operated in the EU by NAGA X LTD in Cyprus. It offers spot trading, card purchases of crypto, a custodial wallet and a social feed.
Good to know
- NAGA X Ltd holds a MiCA crypto-asset service provider authorisation from CySEC, listed in ESMA's register with an authorisation date of 8 June 2026. ↗
- The NAGAX wallet is custodial: NAGA X holds the keys, which it says are protected with MPC cryptography and hardware isolation. ↗
- NAGAX is part of NAGA Group AG, a German FinTech company listed on the Frankfurt Stock Exchange. ↗
- The service is not offered in the USA, Canada, Cuba, Sudan, North Korea and other countries. ↗
Services
| Parameter | Details |
|---|---|
| Spot trading | 50+ crypto pairs with multiple order types |
| Derivatives | The home page mentions spot, margin and derivatives trading with NAGA |
| Custody / wallet | Custodial multi-chain wallet: over 20 blockchain protocols and 100+ tokens |
| Card | NAGA Pay card with up to 3% cashback in bitcoin |
| Fiat deposits | Buy crypto with Visa, Mastercard and debit cards |
| Copy trading | Social feed built into the exchange and wallet; copy trading is described as coming |
Licences and registrations
| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| European Union | NAGA X LTD | MiCA crypto-asset service provider (custody, exchange, order execution, transfer services); authorised 8 June 2026; CySEC registration No. 009/23 | Cyprus Securities and Exchange Commission (CySEC) |
| European Union | NAGA X | ESMA interim MiCA register entry, LEI 984500DCB2AF415E5Y71, authorisation date 08/06/2026 | CySEC (listed by ESMA) |
Security and audits
- The custodial wallet uses MPC cryptography combined with hardware isolation, according to NAGAX.
- NAGAX says its private keys are encrypted with no single point of compromise.
- Client funds are kept in segregated bank accounts, according to the home page.
Security incidents
No security incident is recorded in the sources checked on 31 October 2026 (the company’s own channels and incident databases): defillama.com/hacks, hacked.slowmist.io/search, rekt.news/leaderboard, nagax.com/eu/regulation-and-licensing
Who can use it
- Not offered to the USA, Canada, Cuba, Sudan, North Korea and other countries (site footer).
History
| Date | Event |
|---|---|
| 12 July 2019 | nagax.com runs a crypto and fiat exchange linked to NAGA's social investing network. |
| 17 February 2022 | nagax.com presents the new NAGAX crypto social trading platform, made in Germany. |
| 2 April 2022 | NAGAX describes itself as a social crypto platform with a crypto wallet and exchange. |
| 8 June 2026 | CySEC authorises NAGA X as a crypto-asset service provider under MiCA (ESMA register date). |
Risks and caveats
- The wallet is custodial: NAGA X holds the private keys for users.
- Not available in the USA, Canada and several other countries.
- NAGAX warns that crypto prices are very volatile and can lead to substantial losses.
About the company
- Legal entity
- NAGA X LTD, Cyprus, CySEC registration No. 009/23
- Headquarters
- Limassol, Cyprus (site footer: Agias Zonis 11, 3027 Limassol)
- Address in ESMA register
- ESMA's interim MiCA register (as of 31 October 2026) lists NAGA X at Ariadnis 7, Mouttagiaka, 4531 Limassol, Cyprus (HQ); this differs from the site footer address
- Parent company
- The NAGA Group AG, Germany, listed in Frankfurt (ISIN DE000A161NR7)
Official links
- Website: nagax.com/eu
- Licences: nagax.com/eu/regulation-and-licensing
- Fees: nagax.com/eu/fees
- Security: nagax.com/eu/crypto-wallet
- Support: nagax.com/eu/contact-us
Questions and answers
Is NAGAX regulated?
Yes. NAGA X LTD is authorised by the Cyprus Securities and Exchange Commission (registration No. 009/23) and appears in ESMA's MiCA register with an authorisation date of 8 June 2026.
Who owns NAGAX?
NAGAX belongs to The NAGA Group AG, a German FinTech company listed on the Frankfurt Stock Exchange; the EU site is operated by NAGA X LTD in Limassol, Cyprus.
Is the NAGAX wallet custodial?
Yes. NAGAX calls its wallet custodial and says keys are protected with MPC cryptography and hardware isolation.
Is NAGAX available in the US?
No. NAGA X LTD does not offer its services in the USA, Canada, Cuba, Sudan, North Korea and other countries.
Sources
- NAGAX — home page (EU)
- NAGAX — About us
- NAGAX — Regulation and licensing
- NAGAX — Crypto wallet
- NAGAX — Spot trading
- NAGAX — Contact us
- ESMA — interim MiCA register of crypto-asset service providers (CSV)
- NAGAX — home page, Wayback Machine 12 July 2019
- NAGAX — home page, Wayback Machine 17 February 2022
- NAGAX — home page, Wayback Machine 2 April 2022
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