Nominex Overview
Nominex is a cryptocurrency exchange based in Estonia, having launched in August 2019. The platform offers various features and services catering to the needs of crypto traders.
Binance Broker Program Integration
In a strategic move, Nominex joined the Binance broker program on April 7, 2021. This integration allows users to utilize "all of Binance's tools" while navigating and using the Nominex platform.
Mobile Support
Recognizing diverse trader preferences, Nominex ensures mobile compatibility for its trading platform. This flexibility allows users to engage in crypto trading seamlessly through their mobile phones.
Affiliate Program
Nominex boasts a unique referral program with no restrictions on the number of referral levels. Traders can potentially benefit from multiple referral bonuses, including direct rewards, team bonuses, quick start bonuses, and more.
Trading View
The trading view on Nominex provides essential information, including price charts, buy and sell boxes, and order history. This comprehensive view is accessible both on desktops and mobile devices.
US-Investor Considerations
The text discusses the uncertainty regarding Nominex's stance on permitting US investors. While there is no explicit prohibition in the Terms and Conditions, the importance of US investors forming their own opinion is emphasized.
Trading Fees
Nominex charges flat fees of 0.10% for both takers and makers. The text highlights how these fees compare favorably with global industry averages and how higher trading volumes lead to lower fees.
Withdrawal Fees
Nominex imposes a competitive withdrawal fee of 0.0005 BTC per BTC withdrawal, aligning with or even undercutting the industry average.
Deposit Methods
The platform supports cryptocurrency deposits and enables users to purchase or sell crypto using debit and credit cards through payment service providers Koinal and Mercuryo. While Koinal doesn't require KYC, Mercuryo mandates it. Notably, wire transfers are not accepted as a deposit method.
Conclusion
With its diverse features and services, including mobile support, an extensive affiliate program, and competitive fees, Nominex positions itself as an entry-level exchange suitable for new crypto investors.
What are the trading fees on Nominex?
Nominex charges flat fees of 0.10% for both takers and makers. The text highlights how these fees compare favorably with global industry averages and how higher trading volumes lead to lower fees.
Does Nominex offer leverage trading?
Nominex does not currently offer margin trading or leverage options.
