NiceX Review – Attractive Offers And Multiple Legal Entities

Trading crypto nowadays represents a huge challenge for all traders. With too many companies that operate suspiciously, it’s hard to find trusted ones. That’s why learning how to investigate some companies makes a huge difference.

Luckily, in a few clicks, you can find all the information you need about some company. That’s why we have this unbiased NiceX review prepared for you. Learn all the pros and cons of trading with this exchange in a few minutes.

Broker status:	Regulated
Regulated by:	FCIS
Operating Status:	Active crypto exchange
Known Websites:	nicex.com
Blacklisted as a Scam by:	N/A
Owner:	NiceX UAB, NiceX Ltd
Headquarters Country:	Lithuania, Seychelles
Foundation Year:	2019
Online Trading Platforms:	WebTrader
Mobile Trading:	Yes
Minimum Deposit:	$1
Deposit Bonus:	Not Available
CFD Trading Option:	No
Crypto Assets Trading:	Yes – BTC, XRP, ETH
Available Trading Instruments:	Cryptocurrencies
Maximum Leverage:	No leverage
Islamic Account:	No
Free Demo Account:	No
Accepts US clients:	Yes
Global Fraud Protection Experts’ Verdict:	Better to find a more reliable company to store your crypto with

Who Is NiceX Company?

NiceX exchange is operated by two entities. One of those is NiceX UAB registered in Lithuania and the other one is NiceX LTD from Seychelles. Both countries don’t have a good reputation when it comes to crypto investments. Anyway, one thing could change it all. This is a Virtual Asset Service Provider license issued by trusted authorities.

Apparently, it’s available for a Lithuanian entity. Indeed, you can find the company in the register. However, this license is only available for traders from Europe, not all countries. On the other hand, for other users, your counterparty is an offshore entity that operates without regulations.

What do Traders Have to Say?

The NiceX reviews are quite a big mystery to be solved. When it comes to regular reviews like on Reddit, or Trustpilot, there are not many. However, if you look at the company’s apps in PlayStore, you can see 19 reviews at the time of writing and a 90% 5-star rating. However, the comments are not public which is quite surprising.

With this in mind, we invite you to share your opinion with us. In case you have any complaints against this company, feel free to share them with our refund experts. You might even get advice on recovery options if necessary.

How Does NiceX Exchange Operate?

According to the NiceX exchange presentation, it has grown to be one of the safest exchanges worldwide. With all the advanced security features, it could be that way. The company uses Dash for all of its security protocols, making it actually safe.

The exchange offers pretty standard features, such as buying, selling, and trading crypto. You can also use crypto wallet features through the NiceX app. Quite interestingly, the company also offers trading tools for advanced trading and even API features to automate your crypto trades.

We would like to hear about your experience with all these options. Let us know but also don’t hesitate to contact us if you experience any irregularities.

Available Trading Platform

As can be seen, the NiceX crypto exchange runs a web-based platform and mobile apps. Based on the information provided by the developers, it appears it was designed by Slovenian company H-Bit d.o.o. There are also ties with the Nicehash parent company. All in all, all features are done via browser, unless you switch to a mobile phone.

Is The NiceX Mobile Trading App Available?

Quite surprisingly,  links to the iOS mobile app don’t work. But even with a manual search, you can’t find the app in the AppStore. Currently, the NiceX mobile app is only available for Android users. And it’s a huge disadvantage.

What Can I Trade?

One of the potential disadvantages of this platform is its instruments offer. With only a bit over 60 coins available, it’s hard to compete with Binance, Kraken, or similar exchanges. Not to mention the company removed highly popular and secure XMR (Monero) from the platform.

Anyway, current options include:

• Bitcoin
• Zcash
• Stellar
• Matic and more.

Account Types Offered By NiceX

Every trading company wants to attract wealthy investors. From the commissions, they can generally earn a lot. That’s why this platform offers VIP programs for those who have 50 BTC or more in the 30-day trading volume on some other platforms.

Whether that makes NiceX legit or not, it’s up to you to decide. Anyway, the only benefit of the VIP program is lower fees. But why would you transfer all that money from a secure company you already work with?

Can a Trader Use a NiceX Demo Account?

To sum it up, no. The company doesn’t offer any demo or trial accounts. But to be fair, it’s not even needed. With quite simplified trading features, it’s quite intuitive. In case you are not sure about your skills, test them somewhere else first.

Investment Costs With NiceX

When it comes to trading costs and other expenses, these seem to be quite transparent. Trading fees start from 0.5% for both makers and takers. Based on the trade level you reach, your fees can go as low as 0.01%. Most importantly, once you reach that level those fees stick for a lifetime. Or maybe it’s just bait. It’s hard to know.

Among these are EUR exchange rates that start at 1.45 EUR for conversions up to 100 EUR. For anything above that, you can expect a 1.45% fee. Also, be aware of quite expensive administrative costs, which you can check here.

Is the NiceX Welcome Bonus Available?

Usually, when an exchange has a lot of initial coin or exchange offerings, there are bonuses included. But also when the company offers proprietary coins. However, none of these options are available with NiceX company.

Is NiceX Withdrawal Possible?

Traders who trade under the protection of an FCIS license should expect withdrawals. For others, it remains a mystery. But there must be some reason the company registered offshore. Anyway, with transparent withdrawal fees, you shouldn’t have many problems.

However, there are limits on daily deposits and withdrawals up to 25,000 EUR and a monthly limit of 200,000 EUR. Such restrictions don’t seem quite convenient.

What Should I Do If I Have a NiceX Problem?

In case you suspect any NiceX scam activities you should talk to their regulators first. It takes quite a long time to inspect everything with a company and get your feedback.

Meanwhile, we suggest you share your opinion and even book a consultation with our experts. Traders often suspect such activities without proof. To find out if the company does anything illicit, book a free first meeting with our specialists today.