Review on Nominex by Pedro O. Alvino M.
Centralized exchange based in Seychelles
Nominex, a centralized exchange developed at the end of 2019, comprises a great variety of trading between cryptocurrencies with wide options of passive rewards and profits generated as exchanges between currencies, since the structure of its services allows the operator to have several ways to obtain dividends for the simple made to deposit and trade on Nominex.
With a very easy-to-use commercial interface and the tools provided by its graph, it allows a clear analysis of each pair of crypto assets that the exchange integrates, which, having a moderate number of cryptocurrencies, adds the most popular ones and with the advantage of using Fiat for acquire some cryptos either for USD or EUR, since it allows the deposit of several Fiat currencies in said exchange, in addition the KYC verification request is not necessary to withdraw high volumes of crypto assets, however if an even higher limit is required, to resort to this verification process.
The reported volume generated by the exchange is backed by recognized crypto exchanges tracking pages such as coinmarketcap and coingecko, so the security of its liquidity is ensured as well as its system of control of suspicious users and network security, put to Being a centralized exchange the security can be even higher and given the technology integrated by its developers, it gives operators much more confidence to trade crypto assets on the exchange.
Unlike other crypto exchange platforms, the variety of rewards, whether for volume generated, making first deposits and blocking coins, is very varied in the Nominex exchange, which despite having a low number of followers in its community, the program of Referrals can be very effective for this marketing process for the exchange, in addition to the other programs and bonuses that you have for operators.
As for its commission model for trading the exchange, the rates for both the creator and the order taker are therefore equal to 0.1% commission and according to the volume generated by the operator in a monthly period, but it is worth add that this volume must be generated from USDT. With NMX as a native asset of the exchange, it provides some advantage such as the reduction of transaction fees for different annual periods, as this is reduced for each year held in NMX in the operator's account. Withdrawal fees are an important section for any operator so that the fees applied by Nominex in its currency is usually acceptable compared to other exchanges, but in terms of its minimum withdrawal rate it is a little high and difficult for those. operators that, with low asset management, in which such exchange services are not yet available to residents of various countries such as the United States and North Korea.
Nominex still in development has plans to integrate new crypto trading systems such as futures trading and trading bots, where it is a centralized exchange ideal for experienced and inexperienced traders.
Pros
- Lists a long list of currency pairs with moderate liquidity.
- Integrates several languages for the compression of the platform.
- Provide temporary bonus and reward systems.
- Its commercial interface is comprehensive and adaptable for day and night exchanges.
- Establishes an automated and customizable order execution system.
- It has live chat and offline asset storage.
- Volume verified through coinmarketcap and coingecko
Cons
- They do not yet have a version for mobile devices.
- The minimum withdrawal limit of coins in the exchange is very high.
- It does not yet have services available for countries such as the US and North Korea
