NAGAX Review
Introduction
NAGAX, a crypto exchange platform, was launched in March 2022 with various exciting features. German Fintech Company is the reason behind the launch of NAGAX and it is known for providing trading and brokerage services with the expert advice of professionals. Its main headquarters is located in Tallinn, Estonia, and it has 9 branch offices across the globe.
What is NAGAX?
NAGAX is a one-stop shop for crypto trading because the platform supports more than 100+ cryptocurrencies and over 20 blockchains. In addition to that, it is a safe and secure platform as it is fully controlled by international financial laws and rules.
NAGAX comes up with exciting features such as NAGAX Academy, social crypto trading, and spot trading. These are some major features that attract the attention of traders for crypto trading. Moreover, traders can utilize different order types such as market orders, limit orders, stopping stop orders, and many more.
Why Choose NAGAX?
Traders often prefer to trade with NAGAX for the following reasons:-
- Both fiat currencies and cryptocurrencies are available for trading
- User-friendly interface
- High-Grade Security Measures
- Low Trading Fees
- 150+ Supported Countries
- Supports 100+ cryptocurrencies
Is NAGAX Legit Platform?
Yes, the NAGAX platform is absolutely a legit and safe cryptocurrency trading platform because it has implemented various security measures. Let’s have a quick look:-
- Multi-layered Security Protection
- Anti-Money Laundering Act
- Fully regulated by international financial as well as local laws
- High-Security Measures are implemented, such as Two Factor Authentication, SSL protocols etc.
NAGAX Pros & Cons
No Crypto trading platform is perfect as the trading platform holds some strong points as well as weak points. Some of them are as follows:
Pros
- Intuitive User Interface suitable for beginners as well as professional experts.
- NAGAX crypto is available in more than 150 countries
- Super secure and fast crypto exchange
- Seamless Transactions
- Education Resources such as Academy, Blogs, and FAQs sections
- 24/7 Customer Support
- Transparent Fee Structure
- Crypto Staking
Cons
- No demo account
- Only 2 Fiat Currencies are available – USD and EUR.
NAGAX Deposit & Withdrawal Fee
The official website of NAGA has a different Fees section page that breaks down into trading, deposit, and withdrawal. It must be noted that fees for various cryptocurrencies and fiat currencies may vary from currency to currency.
| Level | NGC Balance | Maker | Taker |
| Base | 0 – 1,000 | 0.4% | 0.4% |
| Bronze | 1,001 – 1,999 | 0.35% | 0.35% |
| Silver | 2,000 – 3,999 | 0.3% | 0.3% |
| Gold | 4,000 – 7,499 | 0.25% | 0.25% |
| Diamond | 7,500 – 9,999 | 0.15% | 0.15% |
| Crystal | 10,000 + | 0.05% | 0.05% |
Note
- Maker is one of the order types that traded at a limited price
- Taker is an order type that trades at a market price
Crypto Deposit & Withdrawal Fee
The online broker does not charge any fees on crypto deposits; but there some charges that traders have to pay as Withdrawal Fee. However, a withdrawal fee may vary from cryptocurrency to cryptocurrency.
The Minimum deposit amount is $250 and the platform does not charge anything on this.
The crypto withdrawal fee is mentioned below:-
| Assets | Cardano | Binance | Ethereum (ETH | Dogecoin |
| Deposit Fee | Free | Free | Free | Free |
| Withdrawal Fee | 1.44 ADA | 0.012 BNB | 0.006 | 8.4 DOGE |
NAGAX Payment Methods
The online brokers allow traders to deposit funds easily and securely into their accounts by utilizing various payment methods. Some of the payment methods are mentioned below:-
- Credit Card
- Debit Card
- Wire Transfers
- Cryptocurrencies
- Diners
- Discover
NAGA X Customer Support
NAGA X has a dedicated customer support page where the contact details of different countries are mentioned. The customer support team is dedicated to its customers, so the team responds to the queries of the customer as soon as possible. You can reach out to the team between Monday to Friday, 09:00-24:00 EEST.
- 24/7 Live Chat Support
- By making a phone call. Contact numbers may vary from country to country.
- Drop an email: to service@naga-global.com the team will respond to your query within 48 hours.
- Active on Social Media Platforms LinkedIn, Youtube, Facebook etc.
NAGAX Educational Resources
The social crypto trading platform mainly focuses on spreading knowledge about crypto and fiat currencies among many people. For this, the exchange has listed various free educational resources that are mentioned below:-
- Free Education
- NAGA Academy
- Economic calendar
- Webinars
- Blog
- Videos
Conclusion
In this NAGA X Review; we have covered the basic information of trading platform. It has focused on educating more and more people by providing a wide range of educational resources. It is known for offering great customer service by offering 24/7 live chat support, and the helpline numbers are active.
On the contrary, the online broker is not offering a free demo account, which is quite shocking for beginners because they prefer to start trading with a demo account only. So, it is a major downside that traders think once before choosing any brokerage firm.
NAGA X is a fully-regulated and safe crypto exchange platform that allows traders to buy and trade a wide range of crytocurrencies.
