[Exchanges](https://revain.org/exchanges/) › NAGAX

# 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

## Key facts

- **Type**: Centralized exchange
- **Operator**: NAGA X LTD
- **Official site**: [nagax.com/eu](https://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. [↗](https://www.esma.europa.eu/sites/default/files/2024-12/CASPS.csv)
- The NAGAX wallet is custodial: NAGA X holds the keys, which it says are protected with MPC cryptography and hardware isolation. [↗](https://nagax.com/eu)
- NAGAX is part of NAGA Group AG, a German FinTech company listed on the Frankfurt Stock Exchange. [↗](https://nagax.com/eu/about-us)
- The service is not offered in the USA, Canada, Cuba, Sudan, North Korea and other countries. [↗](https://nagax.com/eu/about-us)

## 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)](https://nagax.com/eu/regulation-and-licensing) |
| European Union | NAGA X | ESMA interim MiCA register entry, LEI 984500DCB2AF415E5Y71, authorisation date 08/06/2026 | [CySEC (listed by ESMA)](https://www.esma.europa.eu/sites/default/files/2024-12/CASPS.csv) |

## 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](https://defillama.com/hacks), [hacked.slowmist.io/search](https://hacked.slowmist.io/search/), [rekt.news/leaderboard](https://rekt.news/leaderboard/), [nagax.com/eu/regulation-and-licensing](https://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](https://nagax.com/eu)
- Licences: [nagax.com/eu/regulation-and-licensing](https://nagax.com/eu/regulation-and-licensing)
- Fees: [nagax.com/eu/fees](https://nagax.com/eu/fees)
- Security: [nagax.com/eu/crypto-wallet](https://nagax.com/eu/crypto-wallet)
- Support: [nagax.com/eu/contact-us](https://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)](https://nagax.com/eu)
- [NAGAX — About us](https://nagax.com/eu/about-us)
- [NAGAX — Regulation and licensing](https://nagax.com/eu/regulation-and-licensing)
- [NAGAX — Crypto wallet](https://nagax.com/eu/crypto-wallet)
- [NAGAX — Spot trading](https://nagax.com/eu/trading/spot-trading)
- [NAGAX — Contact us](https://nagax.com/eu/contact-us)
- [ESMA — interim MiCA register of crypto-asset service providers (CSV)](https://www.esma.europa.eu/sites/default/files/2024-12/CASPS.csv)
- [NAGAX — home page, Wayback Machine 12 July 2019](http://web.archive.org/web/20190712081318/https://nagax.com/)
- [NAGAX — home page, Wayback Machine 17 February 2022](http://web.archive.org/web/20220217134300/https://nagax.com/)
- [NAGAX — home page, Wayback Machine 2 April 2022](http://web.archive.org/web/20220402192745/https://nagax.com/)

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Page updated: 2026-11-01

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Source: https://revain.org/exchanges/nagax/