The web’s most detailed Nominex review: When entertainment and trading meet, you get entertrading, which is the hallmark of this relatively new cryptocurrency exchange. Nominex offers active trading, fiat on-ramps, and a great yield farming dashboard for both beginners and experienced crypto traders. We sent our expert to do some digging and in this Nominex review will be able to read everything you need to know before you get started.
In this section of our Nominex review we highlight 6 special features that deserves extra attention.
Nominex is the cryptocurrency exchange that created entertrading, the mix of entertainment and trading. This rather new platform is based in Seychelles with the main office registered at Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe. The thing that makes this crypto trading platform stand out is the touch for simplicity, ease of use, and the new fun way of interacting with cryptocurrencies in a marketplace.
Since the inception of the company, the founders of this exchange have had one idea in mind and that is to make crypto trading more fun and more accessible for newcomers and beginners. Nominex has created a platform with a good blend of user-friendly dashboards and advanced trading features that suits all traders, at all levels.
Why use Nominex
Crypto traders and investors who are looking for a vibrant exchange with a lot of different features combined with a robust trading platform should definitely try Nomiex. Beginners will have an extra good time while trying the exchange for the first time as there are plenty of guides to follow for up-and-coming crypto traders.
Use Nominex as a tool to deposit fiat currencies, learn how to get into crypto trading, use advanced order selections, lag-free charting, and take advantage of the intuitive yield farming dashboard that has been designed to be extremely easy to use. If you are an aspiring new trader you will be thrilled to find out about the cryptotrading camp on Nominex that features 150 minutes of direct trading-related education from an experienced professional.
The support on Nomiex is outstanding, if you are looking for a platform with instant answers through the live chat, you’ve found your home!
Trading on Nominex
Nominex offers a high-end trading platform with charts from Tradinview which is guaranteed to be completely lag-free. Use orders such as trailing stop loss and scaled orders to use more complex order placements or simply enter and exit the market with one click, using the market order type.
The interface on Nominex is equipped with a live order book and order history which can be used for active day trading as well as an option to draw straight onto the chart for better technical analysis of the coin you are trading. Both beginners and experienced traders will have a good time trading on Nominex. I recommend trying the Demo Mode first before you deposit real capital, this is a great way to get to know the platform before you get started.
Payment methods and limits
Nominex offers fiat deposits with Visa, Mastercard, and UnionPay. Cryptocurrency deposits are also welcomed. The minimum deposit is $5 with the Koinal payment vendor. There is no minimum withdrawal limit and after verification, there is no upper maximum limit to how much you can withdraw in crypto.
Things we don’t like
Nominex ticks a lot of boxes when it comes to usability, low fees, and great trading features. What I would like to see is a government regulation to cement the security of the exchange. Don’t get me wrong, Nominex is definitely a safe place to operate on as they keep 94% of the digital assets in cold offline storage.
To wrap it up, we highly recommend using Nominex for active trading, investing in cryptocurrencies, yield farming, and team farming as this is a trustworthy exchange!
About the special features on Nominex
Nominex is one of the most user-friendly exchanges I’ve stumbled upon lately and I really love what they have done with the design. On the platform, traders get to enjoy features such as advanced charting, promotions, deposit bonuses, yield farming, team farming, one-click trading, technical indicators, and next-level trading education. Security-wise, Nomiex will conduct a KYC process and 2fa verification is of course an option to protect your account.
The demo account feature is a blessing for new traders who are looking for a platform to get started completely risk-free. If you head over to the blog of Nominex you can read up on fresh price predictions for many of the most popular cryptocurrencies. If you are just beginning and want some good inputs, I highly recommend that you spend some time reading these price predictions written by a Nominex professional.
Yield Farming & Team Farming
Nominex offers great personal cryptocurrency farming as well as team farming where you can choose to stake coins alone or join a team to earn cryptocurrencies as a reward. All you need to do is to sign up, stake your coins, and keep track of your gains on the farming dashboard which is incredibly user-friendly. When yield farming cryptocurrencies on Nominex you can choose to claim your rewards or to reinvest all your gains and continue yield farming.
Fee Discount Card
Nominex offers a fee discount card for all traders on the platform. This is a tool to minimize your trading fees during a set period of 30 days. When you purchase the discount card you can reduce your trading fee from 5% up to 20%. This makes exchanging cryptocurrencies and active trading on the platform very cheap and it’s a great way to curb fees if you are an active trader or a large trader with deep pockets.
You can actually win real money with the trading tournaments on Nominex, this is no BS. Head over to the tournaments tab in the main menu and click participate now to enter. There is a real arena and a demo arena for traders who are looking to sharpen their skills before they go live. When entering, all you need to do is sign in and get ready to trade. Top traders are announced as well and if you perform well your name will be highlighted in the list!
Trading Course & Video Lessons
This is a great feature on Nominex and it’s great to see that team is educating their traders to get ready for the markets. In the Learn tab of the main menu, you will find the cryptotrading camp which is full of high-quality trading video lessons from a trained professional. The explanations are on point and Nominex has really done good homework before they launched this series of video guides.
Is Nominex a regulated platform?
No, Nominex is currently an unregulated crypto exchange.
Can I trust Nominex?
Nominex seems to be trustworthy and considering that they keep 94% of all digital assets on the platform in cold storage wallets, you can rest assured knowing that your cryptocurrencies are stored safely.
Frequently asked questions
Read the most frequently asked questions about Nominex. Find answers without searching the web.
At the time this review was written they did not have any app. We will make updates if this changes in the future.
Nominex is a cryptocurrency exchange where you can buy, sell & trade altcoins. The exchange has been active since the middle of 2019.
No, the platform offers you the possibility to withdrawal up to 3 BTC per day without sending in any KYC.
The exchange has for the moment 3 different payment methods, Visa, Mastercard, and Union Pay.
After you have logged in to your account, click on "buy crypto" on the top left corner of the screen. The next step is to fill in how many dollars you want to spend, after that, click "buy". Read all the terms & conditions and click on "go to payment". The final step is to fill in all your card details and billing information and click on "complete purchase".
No, the exchange does not accept any traders living in the United States.
First, you need to signup for an account. Secondly, make a fiat deposit and click the Markets tab in the main menu. Now, select the coin you want to trade. Once inside the trading dashboard, you will find the order selections to the right. Choose which order type you want to use and then click buy!
The NMX token can be traded against USDT on the Nominex platform. Look for it in the Markets tab located in the main menu.
It's very simple to get started with yield farming on the platform. After signing up, head over to the DeFi NMX tab in the main menu to connect your wallet. Then, deposit your coin and start farming.