Nominex review: Nominex is a cryptocurrency exchange platform that offers a wide range of trading services and features for both beginners and experienced traders. The platform aims to provide a user-friendly and secure environment for individuals to buy, sell, and trade various cryptocurrencies.
One of the notable features of Nominex is its advanced trading interface, which is designed to meet the needs of professional traders. The platform offers a variety of trading tools and indicators, such as charting options, technical analysis tools, and customizable trading algorithms. This enables traders to make informed decisions and execute trades efficiently.
Security is a top priority for Nominex, and the platform implements several measures to ensure the safety of user funds and personal information. The platform utilizes cold storage for the majority of its funds, keeping them offline and inaccessible to potential hackers. Additionally, Nominex employs robust security protocols, such as two-factor authentication (2FA) and encryption, to protect user accounts and data.
| 📅 Year of Establishment | 2019 |
| 💱 Coins: | 1000+ |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | 1:1 |
| 💹 Trading fees | From 0% |
| 💳 P2P platform | ❌ |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Estonia |
Overall Nominex Review
Overall, Nominex is a cryptocurrency exchange platform that combines advanced trading features, exciting competitions, and a strong emphasis on security. Whether you are a beginner looking to enter the world of cryptocurrency trading or an experienced trader seeking a robust trading environment, Nominex provides a comprehensive platform to meet your needs.
Go to Nominex website
Top Reviews
Best customer reviews of Nominex
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I became a member of Nominex three years ago, back when the platform was newly introduced. Currently, I don't have any major concerns about the exchange, although I wouldn't necessarily consider it the benchmark for cryptocurrency exchanges. The platform is user-friendly, especially on mobile devices, and the mobile interface is perfectly optimized. Additionally, all the essential tools are readily available. One notable advantage is the inclusion of stop orders and trailing stops, which are particularly crucial for beginners.
Russia
I came across the Nominex exchange approximately two months ago, and I was pleasantly surprised by its strengths, which I had overlooked previously. The exchange offers highly favorable conditions that surpass many of its competitors. However, the commission rates are average compared to the overall market, but they are suitable for me since I engage in active trading (with an average monthly volume of around 2 million USDT). One notable aspect is the remarkable speed of the trading terminal across all devices. Although I initially tested it on my smartphone, I prefer trading from my PC, and I have no complaints regarding its technical performance.
Belarus
One significant advantage is that Nominex is a Binance broker, which provides immediate guarantees from the market leader. The exchange offers a wide range of assets, and their staking program is both straightforward and profitable. Since I actively involve other traders, I generate a decent income from the referral program, earning 0.17% from all transactions in the NMX/USDT pool and receiving 10% of direct referral commissions. Overall, there are numerous bonuses available, and I consider that to be one of the strengths of the platform.
Spain
Expert Review
Expert Review of Nominex
Firstly, Nominex employs robust security measures to protect user funds and personal information. The utilization of cold storage for the majority of funds ensures that they are kept offline and out of reach from potential hackers. Additionally, the platform implements strong encryption protocols and two-factor authentication (2FA) to safeguard user accounts. These security measures are crucial in maintaining the integrity of the platform and instilling trust in its users.
Secondly, Nominex demonstrates transparency in its operations. The platform provides clear information about its fees, trading rules, and terms of service. Users can easily access this information, which contributes to a sense of trust and reliability. Furthermore, Nominex adheres to regulatory guidelines and compliance standards, enhancing its credibility as a legitimate exchange platform.
However, it is important to note that the cryptocurrency market itself is highly volatile and subject to inherent risks. Nominex, like any other exchange, cannot completely eliminate the risks associated with trading cryptocurrencies. Market fluctuations, liquidity issues, and technical glitches are factors that can impact the reliability of the platform.
While Nominex offers a range of trading tools and features, it may not cater to the specific needs of all traders. Advanced traders might find the platform lacking in certain advanced trading options or analysis tools that are offered by other exchanges.
In conclusion, Nominex is a reliable cryptocurrency exchange platform that prioritizes the security of user funds and personal information. The platform demonstrates transparency in its operations and adheres to regulatory guidelines. However, users should be aware of the inherent risks associated with trading cryptocurrencies, and it is important to carefully evaluate the platform's suitability for individual trading needs.
Financial expert and analyst at TradersHero.com
Risk Warning. Trading on Nominex, like any other cryptocurrency exchange platform, comes with inherent risks that users should be aware of. The cryptocurrency market is highly volatile and can experience significant price fluctuations within short periods. The value of cryptocurrencies can rise or fall rapidly, leading to potential gains or losses for traders. It is essential to understand that trading cryptocurrencies involves a level of uncertainty and that past performance is not indicative of future results.
Nominex Ern
Investment Programs
Simple farming is a unique feature offered by Nominex that allows users to earn passive income through farming and staking cryptocurrencies. It provides an opportunity for individuals to participate in yield farming and liquidity mining, which are popular concepts in the decentralized finance (DeFi) space.
Through Simple farming, users can lock their cryptocurrency assets in liquidity pools provided by Nominex. These pools enable users to contribute their funds to decentralized exchanges and provide liquidity for trading pairs. In return for providing liquidity, users are rewarded with additional tokens or fees generated by the trading activities on the platform.
The process of participating in Simple farming involves selecting a specific pool and adding your desired cryptocurrency assets. The platform then generates LP (Liquidity Provider) tokens that represent your share of the liquidity pool. These LP tokens can be staked on Nominex to earn rewards.
The rewards earned through Simple farming can come in various forms. They can be additional tokens from the project being farmed, such as the native token of a decentralized exchange, or a share of the transaction fees generated by the platform. The specific rewards and their distribution may vary depending on the pool and project chosen.
Simple farming offers users an opportunity to generate passive income while contributing to the liquidity and efficiency of decentralized exchanges. However, it is important to note that yield farming and liquidity mining involve risks. The value of the tokens being farmed can fluctuate, and there may be impermanent losses if the prices of the assets in the liquidity pool change significantly. Users should carefully assess the risks and rewards associated with each farming opportunity and make informed decisions.
Nominex provides a user-friendly interface and comprehensive information about available farming pools, rewards, and associated risks. By participating in Simple farming, users can diversify their investment strategies, potentially earn additional tokens, and actively engage with the evolving DeFi ecosystem.
Remember to carefully assess the risks associated with each farming pool and only invest funds you can afford to lose. Stay informed about the project being farmed, monitor market conditions, and keep track of any updates or changes to the farming program.
Disclaimer: It is advisable to conduct thorough research, read the documentation provided by Nominex, and consult with other knowledgeable community members before participating in Simple farming.
Best Copy Trading Platforms
Conditions
Trading Conditions for Nominex Users
Nominex offers favorable trading conditions for its users, providing a number of features and options to improve the trading experience. Here are some key trading conditions offered by Nominex:
Wide Asset Selection: Nominex offers a diverse selection of assets to trade: over 1,000 cryptocurrencies are available on the platform. This allows traders to access different markets and explore different trading opportunities.
Advanced trading tools: Nominex offers a browser-based terminal based on TradingView with unique modifications. Traders can access advanced order types, including stop orders and scalable orders that automatically create multiple limit orders in a given price range. These tools allow traders to implement different trading strategies and manage risk effectively.
Farming Opportunities: Nominex gives users the ability to bet and farm for additional rewards. By betting on NMX tokens, traders can take advantage of reduced trading commissions and potentially earn passive income through the betting program. The farming feature allows users to participate in liquidity pools and receive rewards based on the liquidity provided.
Tournaments and events: Nominex regularly organizes trading contests and tournaments, giving traders the opportunity to win real prizes. These events add excitement and involvement to the trading experience and offer traders incentives to demonstrate their skills.
It is important for traders to read and understand the specific trading conditions at Nominex, including any applicable fees, leverage ratios and risk management measures. Nominex strives to provide a favorable trading environment with a range of opportunities to accommodate different trading styles and preferences.
| 📅 Year of Establishment | 2019 |
| 💱 Coins: | 1000+ |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | 1:1 |
| 💹 Trading fees | From 0% |
| 💳 P2P platform | ❌ |
| 🔁 Copy Trading | ❌ |
| 📈 Directives | USDT Perpetual Contracts, Options |
| 📊 DeFi Staking | ✅ |
| 🖼️ NFT | ❌ |
| 🏦 Crypto Loans | ✅ |
| 🔓 Demo account | ✅ |
| 🚀 Launchpad | ✅ |
| 📱 Mobile apps | iOS, Android |
| 📞 Customer Service | Forums, Chat, Email |
| 👩💼 Support | Multilingual |
| 🗺️ Headquarters | Estonia |
Risk Warning
Comparison
Comparison of Nominex with other Crypto Exchanges
Crypto Exchanges comparison table of trading instruments
Commissions
Nominex Accounts, Commissions & Fees
Nominex offers different types of accounts with varying features and trading conditions. Here are some key aspects related to Nominex accounts, commissions, and fees:
- Account Types: Nominex provides different account types, including Standard and Pro accounts, to cater to the needs of various traders. Each account type may have different requirements, benefits, and access to certain features. The specific details of each account type can be found on the Nominex platform.
- Trading Volume: The commission fees at Nominex are primarily based on the trader's trading volume. For beginners who trade less than 200,000 USDT per month, the fees are set at 0.10% for both takers and makers.
- Fee Reduction with Trading Volume: As the trading volume increases, the commission fees decrease. When trading reaches a volume of 300 million USDT per month, the fees are reduced to 0.02% for takers and 0.04% for makers.
- Fee Reduction with NMX Token: If a trader holds enough working NMX tokens in their account and activates the fee payment feature with NMX, all fees are halved. This provides a significant discount on the commission fees.
- Additional Discount through Referral Program: Traders can also receive an additional discount on the commission fees through the referral program. The specifics of the discount can vary based on the referral program's terms and conditions.
It's important to note that the commission fee structure and specific discounts may be subject to change. It's advisable to refer to the Nominex platform or contact their customer support for the most up-to-date and accurate information regarding commission fees and any available discounts.
If you are actively trading NMX tokens and you have enough of these tokens in your account, you can get commissions reduced. Depending on your activity and trading volume, all commissions will be halved.
Trading fees
| Tariff level | 30d Volume, USDT | NMX balance | Maker / Taker | NMX Maker / NMX Taker | |
|---|---|---|---|---|---|
| Level 0 | 0 | or | 0 | 0.10% / 0.10% | 0.050% / 0.050% |
| Level 1 | ≥ 200K | and | ≥ 100 | 0.09% / 0.10% | 0.045% / 0.050% |
| Level 2 | ≥ 1M | and | ≥ 200 | 0.08% / 0.10% | 0.040% / 0.050% |
| Level 3 | ≥ 9M | and | ≥ 1K | 0.07% / 0.09% | 0.035% / 0.045% |
| Level 4 | ≥ 20M | and | ≥ 2K | 0.06% / 0.08% | 0.030% / 0.040% |
| Level 5 | ≥ 40M | and | ≥ 4K | 0.05% / 0.07% | 0.025% / 0.035% |
| Level 6 | ≥ 80M | and | ≥ 6K | 0.04% / 0.06% | 0.020% / 0.030% |
| Level 7 | ≥ 150M | and | ≥ 9K | 0.03% / 0.05% | 0.015% / 0.025% |
| Level 8 | ≥ 300M | and | ≥ 11K | 0.02% / 0.04% | 0.010% / 0.020% |
Trading on the Nominex platform carries certain risks, which should be taken into consideration. It is important to realize that the cryptocurrency market is highly volatile and subject to significant price fluctuations.
Risk Warning
Final review
Detailed review of Nominex
Nominex is a cryptocurrency exchange that has experienced significant development and popularity since its establishment. As the official broker of Binance, Nominex benefits from reliable crypto storage and industry best practices. The exchange offers a wide range of assets, with over 1,000 cryptocurrencies available for trading. This provides traders with ample opportunities to diversify their portfolios and explore various investment options.
Nominex boasts a stable technical infrastructure, ensuring smooth and efficient trading operations. The platform utilizes Google servers, guaranteeing high optimization and prompt execution of transactions. Traders can enjoy favorable trading conditions, including competitive trading fees. The commission structure is tiered based on trading volume, starting from 0.10% for both takers and makers. These fees can be further reduced if traders actively trade NMX, the exchange's native token, and hold it for staking.
One of the notable features of Nominex is its unique modifications to the popular TradingView browser terminal. Traders have access to extended orders, including scalable orders. Scalable orders automatically create multiple limit orders within a specified price range, allowing traders to effectively manage and mitigate trading risks. These tools enhance the trading experience and provide additional flexibility for traders.
Nominex also offers an extensive referral program, providing multiple levels of rewards. Traders receive direct profits from users they directly invite, as well as additional bonuses from referrals brought to the platform by their invites. The referral program has nine types of bonuses, including team bonuses, and has the potential for exponential growth in referral rewards.
In conclusion, Nominex is a reputable and innovative cryptocurrency exchange that offers a wide range of assets, stable technical infrastructure, favorable trading conditions, unique trading features, and an extensive referral program. Traders and investors looking for a comprehensive trading platform may find Nominex to be a suitable option. However, it is always recommended to conduct thorough research, evaluate personal risk tolerance, and consider individual trading goals before engaging in any trading activities on Nominex or any other cryptocurrency exchange.
Advantages:
Binance is the most popular cryptocurrency exchange in the world. Here are the benefits that make it special:
Nominex Regulator
Nominex, as a cryptocurrency exchange, operates on a decentralized and global market, and it is important to note that cryptocurrencies are not regulated in the same way as traditional financial instruments. Nominex is not regulated by any financial body or regulator.
It is worth noting that the regulatory framework for cryptocurrencies and cryptocurrency exchanges can vary from jurisdiction to jurisdiction. Some countries have already introduced rules or licensing requirements for cryptocurrency exchanges, while others are still in the process of developing a regulatory framework.
While Nominex may not be regulated by a specific financial authority, users need to do their own research and do their due diligence before engaging in any trading activity on the platform. This includes understanding the legal and regulatory aspects of cryptocurrency trading in their respective jurisdictions and evaluating the exchange's security and reputation measures.
It is always recommended to consider the risks associated with trading cryptocurrencies and to comply with the applicable laws and regulations in your country to ensure a safe and compliant trading experience.
Risk Warning
Promotions
Bonuses Paid by the Nominex
Bonuses
Nominex offers various bonuses as part of its referral program and trading activities. These bonuses provide additional incentives and rewards to traders and participants on the platform. Here are some of the bonuses paid by Nominex:
It's important to note that the exact details of bonuses and their terms can change over time. It's advisable to refer to the Nominex platform or reach out to their customer support for the most up-to-date information on the bonuses available and their specific requirements or conditions.
Education
Review of the Nominex Education Program
The Nominex Education Program is designed to provide users with the knowledge and skills needed to navigate the world of cryptocurrency trading. The program aims to empower traders, whether beginners or experienced, with the necessary tools and resources to make informed trading decisions. Here is a review of the Nominex Education Program:
Online Courses:
These online courses provide valuable educational resources to traders of all levels. They combine theoretical knowledge with practical examples and real-world applications, enabling participants to develop a strong foundation in cryptocurrency trading. It is recommended for users to explore the Nominex platform for more detailed information about these courses, including course duration, access requirements, and additional course offerings that may be available.
Best Online Trading Courses
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The Future of DeFi: Trends and Predictions for 2024
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Advanced Charting Techniques: Using Advanced Chart Patterns to Improve Your Trading Accuracy
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Crypto Security Best Practices: Tips for Keeping Your Digital Assets Safe from Hackers
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Leveraging Fundamental Analysis: Using Economic Indicators to Inform Your Trading Decisions
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Forex Trading Platforms: Choosing the Right Platform for Your Trading Needs
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The Future of Cryptocurrency: Predictions and Trends for the Next Decade
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Trading Volatility: Strategies for Profiting from Price Swings in Forex and Crypto Markets
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Introduction to Crypto Mining: How to Start Mining Cryptocurrencies at Home
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Exploring Forex Pairs: Understanding Major, Minor, and Exotic Currency Pairs
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Crypto Market Analysis: Identifying Trends and Opportunities for Profitable Trading
Rating and Comments
Nominex Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
Nominex offers a wide range of cryptocurrencies to trade, but the liquidity of some lesser-known tokens could be improved.
I had a negative experience with Nominex’s withdrawal process. It took longer than expected to get the funds and the support team was not helpful in resolving the issue.
The Nominex user interface is clean and easy to navigate. However, the charting tools could be improved a bit for more advanced technical analysis.
Pretty questionable platform, Binance is much better.