Review on Novaexchange by Adejoh Samuel
Nova: The centralized exchange from Sweden.
The world of exchange is on the increase on a regular basis. There's hardly a country that doesn't have an exchange platform. So many countries in Europe, Asia, America and even Africa have their own exchanges. Then, recently I found out about Nova Exchange.
Nova exchange is a centralized Exchange platform from the Swedish land. There are only two cryptocurrency Exchanges from Sweden apart from the Nova exchange. They are; BTCX and safello. But the Nova exchange is indirectly owned by BTCX.
Nova exchange is a multi cryptocurrencies exchange, since it supports trading in over 400 different currencies. Not all centralized exchange accepts huge amount of Cryptocurrency. However, the platform is not open to US investors. So if you are a US investors, you can't trade on this exchange. There are other platforms which are available for US investors.
platform charges only trading fees and network fees. The trading fee, which is otherwise called "flat fee model" is 0.20%, which is a little bit lower than that of the global industry average fees. But the network fees is very high and competitive.
, it seems like the platform is no more available. No update have been given on this platform for a while now.
Pros
- supports over 400 different currencies.
- Low trading fees.
Cons
- US investors are restricted from trading on this platform.
- Doesn't accept fiat currency, only Cryptocurrency.
- Network fees is very high and competitive.
