Regulated

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/10

NAGA EXCHANGE

Germany

|

5-10 years

Investment Advisory License

https://nagax.com/

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

Bosnia 2.42

Better than 99.17% exchange(s)

Biz Area

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Influence
C

Licenses

CYSEC

CYSECRegulated

Investment Advisory License

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Company Name
NAGA EXCHANGE
Phone of the company
+357 25 041410
+44 20 3318 4345
Customer Service Email Address
support@nagamarkets.com
service@naga.com

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

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User Reviews

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18 ratings

Participate in evaluation
FX1258668766
The price volatility of NAGA is too high, making it impossible to invest with peace of mind. Moreover, the trading fees are outrageously high, it's like robbery!
2024-06-03 06:21
2
Bendict Vinsmoke
NAGA's robust security lithely meshes with a diverse range of available cryptos. Yet, slightly high fees tag along, regrettably.
2024-03-19 09:09
8
Dazzling Dust
NAGA Exchange offers social trading, a variety of assets, but faces criticism for high fees and customer support issues. Users value social trading but should consider cost and service challenges.
2023-10-26 05:02
9
emekus2544
In a world of crypto exchanges, this one shines bright. I appreciate the reliability and transparency – NAGA EXCHANGE is a trustworthy partner in my crypto journey.
2023-12-02 07:01
7
Newton2834
Naga is considered a reputable broker with safe and quality trading conditions. The broker offers reliable services.
2023-11-02 00:23
5
Evolution07
Great trading experience
2023-10-18 16:49
4
Dabuwa
amazing 😍
2024-01-12 02:14
1
Edidiong
Best and great platform ever which have never in my lifetime seen best in trading platform ever Urging my fellow members to work on this It's the best trading platform ever
2023-12-04 15:31
4
Edidiong
Great platform that can make everybody smile, my first time hearing about making money online, I thought it was fake but when I tried it I realize that it's a legit trading platform where you can earn massively, so I won't keep silent about it I want everyone to smile like me.
2023-11-24 21:57
10
Edidiong
I rate this app the best of it efficient Swift and reliable services. it is one of the best platform both in investing and tradingI used the platform some years back about 3 years ago. day trading rate is quite on a high side. it is also a good and secure platform to trade and invest on cryptocurrency
2023-11-23 08:39
2
Edidiong
Talking about naga This is one of the best and reliable platform ever which is also a blessing to me and my family I have trade in it and I have no regrets cause it's one of the best trading platform ever.
2023-11-22 14:15
7
Edidiong
A good and most wonderful trading platform ever where you can trade and invest on without regrets.
2023-11-21 19:08
5
Edidiong
I rate this platform one of the best of it's efficient,swift and reliable service.
2023-11-21 12:11
3
Zullu
NAGA exchange is amazing. because of its swift, efficient, easy mode of service which make one trading with ease
2023-11-02 21:50
10
og federal
NAGA IS the best Trading app
2023-11-02 17:50
4
Edidiong
I rate this platform one of the best of it's efficient,swift and reliable service.
2023-11-02 13:57
3
Edidiong
I rate this platform one of the best of it's efficient,swift and reliable service.
2023-11-02 13:56
7
sirchidi
NAGA exchange is a super amazing trading platform with a pleasant trading experience
2023-10-30 15:19
5
Aspect Information
Company Name NAGA
Registered Country/Area Cyprus
Founded year 2015
Regulation Regulated by the Cyprus Securities and Exchange Commission (CySEC)
Cryptocurrencies available Bitcoin (BTC), Ethereum (ETH), and many more
Trading fees Maker fee and taker fee consistently set at 0.4% across various trading pairs
Payment method Bank transfers, credit/debit cards, e-wallets
Customer Support Phone support available at +357 25 041410 or +44 20 3318 4345; Email support at support@nagamarkets.com or service@naga.com; Social media engagement via Twitter (@nagainvesting) and Facebook (NAGA Investing)

Overview of NAGA

NAGA is a virtual currency exchange company based in Cyprus. It was founded in 2015 and is regulated by the Cyprus Securities and Exchange Commission (CySEC). The exchange offers a wide range of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH)and many more. With a maximum leverage of 1:1000, NAGA provides traders with the opportunity to amplify their trading positions.

NAGA offers a variety of trading platforms including NAGA Web, NAGA Trader (mobile), MetaTrader 4, and NAGA API. Traders can choose from multiple options for deposit and withdrawal, including bank transfers, credit/debit cards, and e-wallets.

In terms of educational resources, NAGA offers extensive materials to help traders enhance their knowledge and skills.

Overview of NAGA

Pros and cons

Pros Cons
Wide range of cryptocurrencies Selection may not be as extensive as some other exchanges
Multiple trading platforms High leverage comes with increased risk
Various deposit and withdrawal options Preferred payment method may not be available
Educational resources provided Customer support may not be available in all languages

Pros:

  • Wide range of cryptocurrencies: NAGA offers a wide selection of cryptocurrencies for trading, catering to the preferences of a wide range of traders. This allows users to explore various investment opportunities beyond mainstream options like Bitcoin and Ethereum.

  • Multiple trading platforms: The platform provides multiple trading platforms, including NAGA Trader and MetaTrader 4, offering users flexibility and choice in executing their trading strategies. These platforms cater to both beginners and experienced traders, with varying levels of complexity and features.

  • Various deposit and withdrawal options: NAGA supports various deposit and withdrawal methods, providing convenience and flexibility to users. This allows traders to choose the most suitable payment method based on their preferences and geographical location.

  • Educational resources provided: NAGA offers comprehensive educational resources, including guides, video tutorials, and webinars, to help users learn about cryptocurrencies and trading strategies. These resources empower users to make informed decisions and improve their trading skills.

  • Cons:

    • Selection may not be as extensive as some other exchanges: While NAGA offers a wide range of cryptocurrencies, the selection may not be as extensive as some other exchanges, potentially limiting the choices available to traders.

    • High leverage comes with increased risk: Although high leverage is available on NAGA, it comes with increased risk, especially for inexperienced traders. Trading with high leverage can amplify both gains and losses, leading to significant financial risks.

    • Preferred payment method may not be available: While NAGA supports various deposit and withdrawal options, users may find that their preferred payment method is not available on the platform, leading to inconvenience and additional effort in funding their accounts.

    • Customer support may not be available in all languages: While NAGA offers customer support, it may not be available in all languages, potentially limiting access to assistance for users who are not proficient in supported languages. This could result in communication barriers and challenges in resolving issues or inquiries.

    • Regulatory Authority

      NAGA is regulated by the Cyprus Securities and Exchange Commission (CySEC) with the regulatory number 204/13. The exchange holds an Investment Advisory License issued by Naga Markets Europe Ltd. This regulatory status ensures that NAGA operates within the legal framework set by the regulatory agency and provides a level of oversight for traders.

      Regulatory Authority

      Security

      NAGA prioritizes the security of its platform and implements various protection measures to ensure the safety of user funds and information. The exchange utilizes advanced encryption technology to secure user data and employs strict security protocols to prevent unauthorized access.

      NAGA recommends that users take responsibility for their own security by utilizing strong passwords, enabling two-factor authentication, and regularly updating their personal information. These proactive measures can enhance the overall security of user accounts.

      It offers 2 different key products to users.

      NFT Marketplace

      It allows users to find and collect outstanding NFTs, build their own collections, showcase them and sell them to an amazing audience of NFT enthusiasts. It's all available in the NFT Marketplace from NAGAX.

      Crypto Wallet

      NAGAX Crypto Wallet provides users the easiest way to buy, sell and hold their cryptos. It's super secure, fast and at the best exchange rates.

      It is important for traders to remain vigilant and stay informed about potential security risks in the virtual currency exchange ecosystem. NAGA's commitment to security, combined with responsible user practices, can contribute to a safer trading environment.

      Trading Market

      NAGA offers a wide range of trading assets, encompassing various cryptocurrencies with different functionalities and use cases. Here is an overview of the trading assets available on NAGA:

      Activated Assets:

      • BTC (Bitcoin): The pioneering cryptocurrency known for its role as a digital store of value and medium of exchange.

      • ETH (Ethereum): A blockchain platform enabling smart contracts and decentralized applications (DApps) development.

      • ADA (Cardano): A blockchain platform with a focus on scalability, sustainability, and interoperability.

      • ALGO (Algorand): A blockchain platform known for its scalability, high transaction throughput, and security features.

      • AXS (Axie Infinity): A blockchain-based game featuring digital pets called Axies, which can be bred, battled, and traded.

      • DOGE (Dogecoin): Initially created as a joke, Dogecoin has gained popularity as a cryptocurrency for tipping and charitable donations.

      Deactivated Assets:

      • BUSD (Binance USD): A stablecoin pegged to the value of the US dollar, issued on the Binance Smart Chain.

      • DOT (Polkadot): A blockchain platform facilitating interoperability between different blockchains.

      • SHIB (Shiba Inu): A meme-inspired cryptocurrency featuring the Shiba Inu dog breed, known for its community-driven ecosystem.

      In addition to cryptocurrencies, NAGA also offers innovative products such as:

      • NFT Marketplace: A platform for finding, collecting, and trading non-fungible tokens (NFTs).

      • Crypto Wallet: A secure and convenient tool for buying, selling, and holding various cryptocurrencies at the best exchange rates.

      Trading Market

      Cryptocurrencies available

      NAGA offers a wide range of cryptocurrencies for trading on its platform. This includes popular options like Bitcoin, Ethereum, Ripple, Litecoin, and Dash, as well as lesser-known cryptocurrencies. The availability of these cryptocurrencies allows traders to access a various selection of assets.

      In addition to cryptocurrency trading, NAGA offers other products and services. This includes multiple trading platforms such as NAGA Web, NAGA Trader (mobile app), MetaTrader 4, and NAGA API. These platforms provide users with flexibility and convenience in managing their trades.

      Overall, NAGA offers a comprehensive platform that caters to the needs of cryptocurrency traders. From a wide selection of cryptocurrencies to various trading platforms, NAGA provides a user-friendly trading experience.

      Cryptocurrencies available

      Services

      NAGA offers a range of services to facilitate cryptocurrency trading and engagement with digital assets. These services include:

      NFT Marketplace: Explore, collect, and trade Non-Fungible Tokens (NFTs) on NAGAX's dedicated marketplace. Users can discover unique digital collectibles, create their own collections, and showcase them to a community of NFT enthusiasts.

      Crypto Wallet: The NAGAX Crypto Wallet provides a secure and user-friendly platform for buying, selling, and holding various cryptocurrencies. Users can easily manage their digital assets, benefit from competitive exchange rates, and execute transactions quickly and efficiently.

      Services

      NAGA APP

      The NAGA app functions as a versatile trading platform, granting users access to various markets. With its Autocopy feature, users can effortlessly replicate the trading strategies of seasoned investors by selecting and duplicating their trades. The platform, utilized by over 500,000 global users, operates as a licensed broker, ensuring fund and data protection.

      To utilize NAGA's trading capabilities, individuals can download the app, providing a streamlined interface for both experienced and novice traders.

      NAGA APP

      How to open an account?

      1. To register on NAGA, users need to visit the official website and click on the “Register” button to start the process.

      2. Users will be prompted to enter their personal information, including their name, email address, and password, and then click on the “Create Account” button.

      3. After that, users will receive a verification email to the registered email address. They need to open the email and click on the verification link to confirm their registration.

      4. Upon successful verification, users will be directed to the login page where they can enter their email address and password to access their NAGA account.

      5. In order to complete the registration process, users will be required to provide additional information, including their address, phone number, and preferred currency.

      6. Once all the necessary information is provided, users can review and accept the terms and conditions of NAGA, and then click on the “Finish” button to complete the registration process and gain full access to the platform.

      How to open an account?

      How to Buy Cryptos?

      To buy cryptocurrencies on NAGA, follow these step-by-step processes:

      Decide on a cryptocurrency to buy:Consider your investment goals and research different cryptocurrencies available on NAGA's platform. Assess factors such as the coin's potential value, its unique features, and your investment horizon.

      Decide where youll buy it from:Access the NAGA platform, which offers access to over 20 blockchain protocols and 100+ tradable tokens. Navigate to the cryptocurrency you want to purchase and ensure it aligns with your investment strategy.

      Select your method of payment:If you're new to cryptocurrency investing, you'll likely need to use conventional payment methods like credit/debit cards or bank transfers. Choose the payment method that suits you best and proceed with the purchase.

      Enhance the worth of your account:Before making a purchase, ensure your NAGA trading account is adequately funded. You may need to deposit funds using methods like debit cards or bank transfers to initiate the buying process. Once your account is funded, you can proceed with buying your desired cryptocurrency.

      How to Buy Cryptos?

      Fees

      NAGA imposes a standard fee structure for exchange trading, applicable to both makers and takers. Across various trading pairs such as BTC/EUR, BTC/USDT, ETH/BTC, ETH/EUR, ETH/USDT, NGC/USDT, USDC/EUR, USDC/USDT, and USDT/EUR, the maker fee and taker fee are consistently set at 0.4%. This fee model ensures transparency and uniformity across trading activities, facilitating ease of understanding for users.

      Whether trading cryptocurrencies against fiat currencies or other digital assets, users can expect a consistent fee rate, allowing for efficient trading execution. It's important for traders to consider these fees as part of their overall trading strategy and to factor them into their decision-making process.

      Fees

      Deposit & Withdrawal

      NAGA offers various deposit and withdrawal methods to cater to the needs of its users. These methods include bank transfers, credit/debit cards, and alternative payment providers, such as Skrill and Neteller.

      In terms of deposit and withdrawal fees, NAGA does not charge any fees for deposits made to the trading account. However, users may incur fees from their bank or payment provider for deposit transactions. For withdrawals, NAGA charges different fees depending on the currency and withdrawal method.

      Coin/Token Aave ADA Algorand ApeCoin ATOM Avalanche Axie Infinity Basic Attention Token Bitcoin Cash BNB
      Deposit Fee Free Free Free Free Free Free Free Free Free Free
      Withdrawal Fee 0.312 AAVE 1.44 ADA 1.8 ALGO 2.4 APE 0.12 ATOM 0.024 AVAX 0.18 AXS 16.8 BAT 0.0036 BCH 0.012 BNB

      The processing time for deposits on NAGA may vary depending on the chosen payment method. Bank transfers typically take longer to process compared to credit/debit card transactions or alternative payment providers. It is advisable for users to check the estimated processing time for each method on the NAGA website or contact customer support for more information.

      Customer Support

      NAGA prides itself on delivering exceptional customer support for its traders. If you have any queries or concerns, you can easily reach out to their dedicated customer service teams via phone at +357 25 041410 or +44 20 3318 4345. For more information or resources, you can visit the company's official websites at https://nagax.comor the Spanish page at https://nagax.com/es/?page=nagax. Additionally, for real-time updates and engagement, follow them on their official Twitter handle, https://twitter.com/nagainvesting, and Facebook page, https://www.facebook.com/nagainvesting. If you prefer to communicate via email, you can send your inquiries to support@nagamarkets.com or service@naga.com. Whatever your preference, NAGA is ready to assist and enhance your trading experience.

      Customer Support

      Is NAGA a Good Exchange for You?

      NAGA is the best exchange for experienced cryptocurrency traders. Seasoned traders can leverage advanced trading platforms like NAGA Trader and MetaTrader 4.

      NAGA serves both new and seasoned traders in the cryptocurrency arena. The platform offers resources tailored to both groups:

      • Beginners can build a strong trading foundation through NAGA's guides, video tutorials, and webinars. These resources can instill confidence and enhance understanding of the crypto market.

      • Experienced traders can utilize advanced platforms like NAGA Trader and MetaTrader 4, designed with sophisticated features to accommodate intricate trading strategies.

      Additionally, the NAGA community and communication channels offer a space for traders to network and exchange insights. While the specifics of these channels aren't detailed, they might include forums or social media groups.

      Conclusion

      NAGA is a virtual currency exchange that offers a range of features and services to cater to the needs of both beginners and experienced traders. The platform provides educational resources and tools to enhance traders' knowledge and skills, as well as advanced trading platforms for more experienced traders. NAGA's fee structure is transparent, although users may have differing opinions on the competitiveness of the fees. The exchange also offers various deposit and withdrawal methods.While some users may appreciate the access speed and trading platform experience, others may encounter challenges or prefer other platforms. It is important for individuals to consider their own trading needs and preferences before deciding if NAGA is the right platform for them.

      FAQs

      Q: Does NAGA charge fees for deposits?

      A: NAGA does not charge any fees for deposits made to the trading account. However, users may incur fees from their bank or payment provider for deposit transactions.

      Q: What deposit and withdrawal methods are available on NAGA?

      A: NAGA offers various deposit and withdrawal methods, including bank transfers, credit/debit cards, and alternative payment providers like Skrill and Neteller.

      Q: What customer support channels does NAGA offer?

      A: NAGA provides customer support services through email, live chat on the website, and phone. Users can reach out to customer support representatives through these contact channels to seek assistance or clarification.

      Users Rievew

      User 1:

      Man, I've been trading on NAGA for a bit now, and honestly, the security is top-notch – never had any issues. The range of cryptocurrencies available is legit, like they've got most of the big names and then some. But real talk, their customer support needs a bit of a tune-up. Waited for what felt like forever to get a response on a simple question. Trading fees are decent though, so overall, I'm sticking around for a while.

      User 2:

      Hey, so NAGA's interface? Clean and user-friendly, which I appreciate as someone who's not super techy. But where they really shine is the deposit and withdrawal speed – I mean, it's fast. I do wish they had a broader selection in order types, though. And while we're on the topic, the regulation aspect gives me peace of mind; knowing they're under some oversight means I sleep better at night. But hey, no exchange is perfect, right?