What is Nami.Exchange?
Nami Exchange, launched on November 24, 2017, by Nami Corporation, a Singapore-based fintech company, is a centralized cryptocurrency exchange specializing in crypto-to-crypto trading with a strong emphasis on the Vietnamese market. The platform supports over 600 cryptocurrencies and 781 trading pairs, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Shiba Inu (SHIB), Cardano (ADA), Dogecoin (DOGE), Avalanche (AVAX), Litecoin (LTC), Polygon (MATIC), Solana (SOL), and Near (NEAR), with a 24-hour trading volume of approximately $5.54 million. Nami is one of the few exchanges offering deposit, withdrawal, and trading in VNDC and VNST (Vietnamese stablecoins pegged to VND), catering to Vietnamese users with seamless fiat-crypto integration via a large network of business partners.
Nami Exchange provides a robust set of trading features, including spot trading, futures trading with up to 125x leverage, daily staking for passive income, and an over-the-counter (OTC) desk for large transactions. Its intuitive mobile app (iOS and Android, requiring Android 7 minimum) supports real-time charts, market and limit orders, and crypto swaps for over 300 assets, earning praise for its user-friendly interface. The platform’s copy trading feature allows beginners to replicate strategies from top traders, while a referral program offers up to 20% commission. Nami’s ecosystem, part of Nami Corporation’s broader fintech vision, aims to empower traders with low fees, high liquidity, and 24/7 support in Vietnamese and English. Recent X posts highlight new listings (e.g., Hyperlane’s HYPER), trading competitions, and enhanced features like Stop Market orders, reflecting active development.
Security measures include mandatory 2FA for withdrawals, cold storage, and an automated transaction transfer mechanism, though specific details are sparse. Nami claims no major hacks, but exchange reserve data is unavailable on platforms like CoinGecko, raising transparency concerns. Regulatory compliance is unclear, with services restricted in countries like the U.S., UK, and Japan due to licensing issues. User reviews are mixed: some commend the wide coin selection and VNDC support, while others report app lag, login issues, and slow verification processes. For Vietnamese traders and those seeking high-leverage futures, Nami is a compelling option, but its regulatory ambiguity and transparency gaps warrant caution.
What are the trading fees on Nami.Exchange?
Nami Exchange’s trading fees are not explicitly detailed in available sources, but the platform emphasizes “low fees” as a core feature. Based on industry standards for similar exchanges, spot trading fees likely range from 0.1% to 0.2% for makers and takers, with futures fees around 0.02% (maker) and 0.06% (taker). Deposits via Coinbase incur a 1% fee, automatically converted to SPIN (Nami’s internal token) at $0.12/SPIN. Crypto withdrawals carry network-specific fees (e.g., 0.0005 BTC for Bitcoin). Users should consult Nami’s official fee schedule at nami.exchange for precise rates, as third-party fiat
Does Nami.Exchange offer leverage trading?
Yes, Nami Exchange offers leverage trading through its futures platform, supporting up to 125x leverage on crypto perpetual contracts. This allows traders to amplify positions on pairs like BTC/USDT and ETH/USDT, but high leverage carries significant risks, including liquidation. Leverage trading is restricted in regions like the U.S. due to regulatory limits. Traders should use risk management tools like stop-loss orders, recently enhanced with Stop Market functionality.
Is there a research audit report for Nami.Exchange?
Nami Exchange does not publicly disclose comprehensive third-party audit reports or proof-of-reserves data, with exchange reserves listed as unavailable on CoinGecko. While the platform claims secure cold storage and an automated transaction mechanism, the lack of transparent reserve audits raises concerns about fund safety, especially for a centralized exchange. User reviews do not report major breaches, but the absence of detailed security disclosures contrasts with exchanges like WOO X or Kinesis Money, which provide reserve dashboards. Traders should monitor Nami’s official channels for updates and exercise caution due to limited external validation.
Is Nami.Exchange safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. It's all based on contract code so you can clearly look at what's behind the scenes, and how their contracts work.
Does Nami.Exchange have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the customer support service provided by the centralized crypto exchange by asking a question to the support section on its website.
