SoXange Review

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Nova Exchange Review – Is novaexchange.com scam or safe cryptocurrency exchange?

Trading Accounts

Account type Leverage Trading fee Deposit Fee
Standard N/A Max 0.20% Crypto Only, Free

This exchange will stop accepting deposits on December 15, 2020. More details below

Nova Exchange is a cryptocurrency exchange which offers a lot of altcoins. Furthermore they specialize in small market cap coins, which most other exchanges haven’t listed. That being said, this platform may not be the most suitable for beginners.

Nova Exchange Advantages

Very alternative coins – the main selling point of Nova Exchange is the fact, there are a lot of coins. They are very exotic and may not offer much value as an investment, so be sure to do your due diligence before deciding to buy one. Some of them are not available on other venues, which can be view as altcoin-centric, such as Bittrex and Cryptopia.

Competitive fees – the 0.20% maximum trading fee, charged by this exchange are in-line with the current state of the industry. This is very impressive, given the number of exotic assets, on offer – a lot of companies have higher fees for altcoin trading. We would consider everything above 0.25% per transaction not that good.

Alternative base currencies – trading at Nova Exchange isn’t done against the US dollar, or (Tether dollars), but only against other cryptocurrencies. The list includes: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Kibicoin (KIC), Esper (ESP2), Dogecoin (DOGE), PiggyCoin (PIGGY), MoonCoin (MOON).

Nova Exchange Disadvantages

Not suitable for beginners – In case you don’t know at least half of the coins listed above (in the base currencies section), Nova Exchange is not for you. This is a platform, in which one can easily make a mistake, when calculating the value of a given coin and pay much more than he wishes. Of course, the market has to be not that liquid for this to happen (i.e. the first ask has to be much higher than the bid). The situation is pretty similar to the one at Ether Delta.

Will stop accepting deposits soon – as we highlighted in the beginning, Nova Exchange will soon stop accepting deposits. There are multiple rumors on the future of this trading venue, which will either shut down completely or be bought by new owners. Nothing is certain yet and the “news” section of their website is the only credible source of information.

No leverage available – this exchange has assets, which are often not liquid and trades can occur at prices very far away from the recent consensus price. That being the case, it’s no surprise Nova Exchange does not provide leverage.

Those of you looking to trade cryptocurrencies on margin can do so with a forex broker. More and more of these companies have started offering CFDs on the most popular coins. In case you are not familiar with Contracts for difference trading, be sure to check our brief explanation.

Poor charting – the platform offered by Nova Exchange s relatively nicely arranged. While we don’t admire the charting that much, everything below is easy to read and understand. Here is a preview:

No fiat currencies accepted/traded – this goes in line with everything we mentioned above, but we would like to reiterate the point. This is not an exchange, where you can interact with fiat currencies. In case you are new to cryptocurrencies, Bitstamp or Coinbase are beginner-friendly exchanges.

Conclusion

Nova Exchange is an interesting cryptocurrency trading venue, where one can find unpopular trading assets. That being the case, we would not recommend this venue for newbies in the world of crypto.

The user reviews on this exchange are very mixed. While some claim they operate flawlessly, others mention slow deposit and withdrawal times.

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As for the ownership of this exchange, the situation will change in the coming months. We can’t be certain of the outcome, but we will update this review.

This exchange may offer an interesting selection of altcoins, but it also underlines the risks involved in the sphere. One misclick at Nova Exchange and you may loose a substantial portion of your investment. If you are looking to trade crypto-currencies in a much safer environment, the forex brokers, which we briefly mentioned above are a decent option. That being said, some of them are just as untrustworthy as the worst crypto-exchanges. Here is a list of the well-regulated brokers, offering Bitcoin CFDs.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

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Joyce and Hopper are taken in for questioning. Nancy and Jonathan prepare to fight the monster and save Will.

Eleven makes plans to finish what she started while the survivors turn up the heat on the monstrous force that’s holding Will hostage.

Terror reigns in the food court when the Mind Flayer comes to collect. But down below, in the dark, the future of the world is at stake.

Bobby Moynihan Teaches Jay To Inline Skate

Jay Pharoah and Bobby Moynihan killed it as castmates on “SNL.” Now they almost kill each other as Jay learns to inline skate.

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Our Essential “Stranger Things” Season 1 & 2 Recap

Need a refresher on “Stranger Things”? Catch up on everything you need to know about Seasons 1 & 2 with our cheat sheet and you’ll be ready to binge!

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An anthology series exploring a twisted, high-tech multiverse where humanity’s greatest innovations and darkest instincts collide.

A high school chemistry teacher diagnosed with inoperable lung cancer turns to manufacturing and selling methamphetamine in order to secure his family’s future.

Follows the personal and professional lives of six twenty to thirty-something-year-old friends living in Manhattan.

Geralt of Rivia, a solitary monster hunter, struggles to find his place in a world where people often prove more wicked than beasts.

A dangerously charming, intensely obsessive young man goes to extreme measures to insert himself into the lives of those he is transfixed by.

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Vikings transports us to the brutal and mysterious world of Ragnar Lothbrok, a Viking warrior and farmer who yearns to explore – and raid – the distant shores across the ocean.

A modern update finds the famous sleuth and his doctor partner solving crime in 21st century London.

Set at the intersection of the near future and the reimagined past, explore a world in which every human appetite can be indulged without consequence.

Lucifer Morningstar has decided he’s had enough of being the dutiful servant in Hell and decides to spend some time on Earth to better understand humanity. He settles in Los Angeles – the City of Angels.

Series cast summary:
Winona Ryder . Joyce Byers 33 episodes, 2020-2021
David Harbour . Jim Hopper 33 episodes, 2020-2021
Finn Wolfhard . Mike Wheeler 33 episodes, 2020-2021
Millie Bobby Brown . Eleven 33 episodes, 2020-2021
Gaten Matarazzo . Dustin Henderson 33 episodes, 2020-2021
Caleb McLaughlin . Lucas Sinclair 33 episodes, 2020-2021
Natalia Dyer . Nancy Wheeler 33 episodes, 2020-2021
Charlie Heaton . Jonathan Byers 33 episodes, 2020-2021
Joe Keery . Steve Harrington 33 episodes, 2020-2021
Cara Buono . Karen Wheeler 32 episodes, 2020-2021
Noah Schnapp . Will Byers 32 episodes, 2020-2021
Sadie Sink . Max Mayfield 25 episodes, 2020-2021
Priah Ferguson . Erica Sinclair 20 episodes, 2020-2021
Dacre Montgomery . Billy Hargrove 17 episodes, 2020
Maya Hawke . Robin Buckley 16 episodes, 2020-2021
Brett Gelman . Murray / . 16 episodes, 2020-2021
Joe Chrest . Ted Wheeler 15 episodes, 2020

Storyline

In a small town where everyone knows everyone, a peculiar incident starts a chain of events that leads to the disappearance of a child, which begins to tear at the fabric of an otherwise peaceful community. Dark government agencies and seemingly malevolent supernatural forces converge on the town, while a few of the locals begin to understand that there’s more going on than meets the eye. Written by Charles J.

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I guess plenty of people have said a lot of things about all the movie and TV references this series has and how it recreates the eighties in all their faults and splendor. I will not add to that.

With the release of the second season I’d simply like to advise that both seasons are very different animals. Think of it as the difference between the original Alien movie and the Aliens sequel: Whereas the first season was more about an unknown and unseen horror and the mystery behind the backstory, the second has more in-your-face action and horror laced with character development arcs which feel nice but sometimes sidetrack the series a bit.

Consequently, a fan of the show should probably watch the second season as a separate work of fiction rather than a true continuation of the first season in tone and spirit. The writers move the story forward and we get a very good piece of entertainment but the new season has to be judged on its own merits.

EDIT: Season 3 turned out to be a huge change in tone for the series. Maybe it’s really hard keeping up the mystery if much of the “world” of Stranger Things already yielded many of its secrets but the overall “feel” of the series went into a different direction. Maybe the writers simply ran out of 80′ templates to rip off. Season 1 was very much inspired by supernatural horror as in “Poltergeist”. Season 2 took many cues from “Creature Features” like “Gremlins” or “Aliens”. Season 3 now uses elements of 80′ zombie flicks and low budget gore horror with a little bit of spy comedy mixed in (and fight scenes which feel straight out of “Die Hard”). All those genres didn’t really mix well in the 80′ and this strange cocktail sure doesn’t work today. That doesn’t mean that Season 3 is bad. It simply relies on characters who were established in previous seasons which used very different 80′ story elements and tropes. It’s almost like seeing Darth Vader in an Indiana Jones movie. Both work on their own but not together.

Basically, Season 3 is an all too transparent attempt to plough a fresh nostalgia field but it doesn’t work in the context of previous seasons.

IDAX Exchange Review | Fees, Security, Pros and Cons in 2020

Today, we will be reviewing what features, advantages, and disadvantages the IDAX exchange has to offer.

IDAX Exchange Overview

IDAX is the only crypto exchange that is based in Mongolia. The platform was launched in December 2020, developed by the Global Blockchain Research Center (GBC). The company has its main offices set in the GBC High-Tech Industrial Park in downtown Ulaanbaatar, Mongolia.

The exchange supports a wide variety of altcoin trading pairs, including many exotic tokens and coins that are rare to find on most exchanges.

Mongolia does not currently have any clear legislation when it comes to cryptocurrency, trading, and crypto-exchanges, however, these activities are not banned.

Thus, IDAX operates without any specific regulations, like most exchanges in other countries. Of course, there are certain risks when using an exchange that operates under a jurisdiction that has no crypto regulations.

Supported Currencies and Available Countries

The exchange supports 258 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash, Tron, and many other rare altcoins.

All cryptos are traded against Bitcoin and Ethereum.

Their website does not specify which users are allowed or prohibited from using IDAX services.

“If a potential user is requesting to join or trade from a country other than Mongolia, it is a user’s full responsibility to check and study the legality of the cryptocurrency trade, its national governing laws and potential risks involved with such endeavor,”- the exchange stated in their Terms of Use.

IDAX Compatibilities

IDAX exchange is compatible with desktop and mobile devices, featuring apps for both iOS and Android users.

User Interface and Experience

IDAX provides two types of interfaces, basic and advanced view. The basic view features an order book, trading history, market chart, and order system. The prices are updated in real-time every second. You can place several types of orders: Limit, Market, Stop Limit, Stop Market, Trailing Stop, Take Profit Limit, Take Profit Market.

Basic View Advanced View

How to Get IDAX Exchange

  1. Access the official IDAX site.
  2. Click on the “Sign-up” button in the upper right corner of the website.
  3. Fill out the form with the required information.
  4. Click “Create my account” once done.
  5. Set up 2FA on your account.
  6. Verify your account on IDAX.
  7. Go to the “ID Verification” tab and select your country of residence.
  8. Enter all the necessary information.
  9. Click on “Submit.”

As IDAX is a KYC-compliant exchange, meaning you will have to submit personal data, such as your full name, nationality, ID number, photo, etc.

How to Use IDAX Exchange

Depositing funds

  • Log in to your IDAX account.
  • Open the “Balance” tab in the upper panel of the website.
  • Select the “Deposit” option.
  • Select your currency and the amount you want to deposit.
  • Paste the wallet address (or scan the QR code) in the wallet you are sending the funds from.
  • Wait until you have received confirmation.

Withdrawing funds

  • Go to the “Balance” tab in the upper panel of the website.
  • Select the “Withdraw” option.
  • To withdraw, you will need to have your identity verified.
  • Specify which currency and how much you want to withdraw.
  • Paste the wallet address where you want your funds to be sent.

Trading

  1. In order to start a trading order, select “Assets.”
  2. Click on “Assets” and choose your crypto.
  3. Click on the “Buy” box and enter the amount you want.
  4. Click on “Buy.”

IDAX Exchange Fees

IDAX exchange charges fees based on a maker-taker model, with a fee of 0.1% applied to the maker, and a 0.15% fee applied to the taker.

Depositing funds on IDAX is free of charge.

In times of high network traffic, the rate of miners might be higher than usual. This may lead to an increase in the miner’s fee, which is added to the transaction.

Withdrawal fees vary according to the cryptocurrency used. For example, the withdrawal of bitcoin costs 0.0005 BTC, and for Ethereum, the fee is 0.005 ETH.

Credit card transactions incur a fee of 3.5% per transaction (10 USD minimum).

Payment Methods

Through its Simplex integration, the IDAX exchange enables users to buy crypto using credit cards, supporting both Visa and Mastercard. Users are able to select the fiat currency with which they want to buy, EUR or USD. But from the dropdown list of cryptos, we can only see Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash, and Tron.

Transaction Times

The exchange claims that it usually takes between 10-30 mins for cryptocurrency to reach your wallet.

Transaction Limits

There is a minimum withdrawal limit set for each cryptocurrency. For instance, Bitcoin has a limit of 0.001 BTC, Ethereum – 0.01 ETH, EOS – 1 EOS, and TRON – 20 TRX. To view the full list of limits, go to IDAX’s fee page.

Security Features

IDAX supports 2-step verification, which enables users to protect their account, allowing access only through the user’s mobile phone. 2-step verification can be set up either through Google Authenticator or any other authy applications.

Fund Password is a password feature than enables the requirement of another password each time a withdraw order is placed.

Prevent Phishing Code is a more complex security feature that asks for the code when functions, such as withdrawals, account settings modifications, or logins are performed.

As IDAX is a centralized exchange, meaning the exchange stores user data and funds on its servers, and in case of a hack, both money and personal information can be lost.

We could not find any other information regarding the security and encryption standards used by the IDAX exchange. The exchange is under Mongolian regulation.

Customer Support

IDAX claims they have a 24/7 support system that enables users to contact them with any questions or problems they may have. They currently have a live chat function through which support can be solicited.

However, there have been many reports from customers on the social media pages of the company in which they complained about many issues with their support system.

Some complained about long withdrawals times or accounts being blocked for no reason, etc.

IDAX Exchange Reputation

Both mobile apps are rated highly on Google Play and Apple Store, with 4.7 and 4.9 respectively out of a 5-star rating.

The online opinion of IDAX exchange is divided, as many praised that the service has worked for them, while others have complained that they lost their funds or had trouble getting any help for their issues.

IDAX Exchange Review: Verdict

IDAX is a crypto exchange that supports a variety of cryptos, even if all of them are paired against Bitcoin and Ethereum. You can also purchase coins with fiat currencies, but we recommend caution when using this exchange, as the Mongolian jurisdiction under which it operates doesn’t have clear guidelines for crypto exchanges or frauds that occur in this industry.

Featured image: bsuinessnewsasia

The Review

IDAX Exchange Review

IDAX is the only crypto exchange that has a diverse selection of coins and supports EUR and USD cred card purchases. But, users have to be careful, as it has a murky regulatory situation, as the exchange is under Mongolian regulation.

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