Others Monitors Review (cryptowisser)
Bitnordex Review
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Bitnordex consists of four parts: general information, fees, deposit methods and security.
General Information
Bitnordex is a relatively new exchange registered in Estonia (their terms and conditions are at least governed by Estonian law). As you surely know, the Baltic region consists of three countries: Estonia, Latvia and Lithuania. Considering this, it might seem odd that out of these three countries, only Estonia is the home of any cryptocurrency exchanges. And not only one or two either. BTCBear, Jubiter, LATOKEN, Crex24, STEX.com, Kriptomat, CoinMetro and P2PB2B are all registered in Estonia.
Bitnordex offers trading in 350+ trading pairs, so you can definitely trade most of the more well-known cryptos here. The exchange also has mobile support, meaning that you can use the platform through a mobile application available for both IOS and Android.
The exchange is powered by the so called ?Huobi Cloud?.
On its website, Bitnordex also has a timeline in which the exchange presents how it foresees the development of the exchange over the coming year. These are the expectations:
US-investors
Bitnordex does not allow US-investors on its exchange. But if you?re from the US and you?re looking for an exchange that is just right for you, don?t worry. Use our Exchange Finder to find an appropriate trading platform accepting US-investors.
Bitnordex Trading View
Different exchanges have different trading views. And there is no ?this overview is the best?-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. This is the trading view at Bitnordex:
Bitnordex Fees
Bitnordex Trading fees
Most crypto exchanges charge two different types of trading fees: taker fees and maker fees. The taker is the person who picks up an existing order from the order book. The maker, on the other hand, is the person who creates an order that is not immediately matched against an existing order on the order book. Makers are often rewarded for creating liquidity on the platform by a lower trading fee than takers. Exchanges that do not make a distinction between takers and makers charge what we call ?flat fees?. Bitnordex charges 0.20% for takers and 0.10% for makers.
According to the largest and most recent empirical study on crypto exchange trading fees, the average spot trading taker fee is currently 0.2181% and the average spot trading maker fee is currently 0.178%.
Compared to those average trading fees, Bitnordex's taker fees and maker fees is below the industry average.
Bitnordex Withdrawal fees
To our understanding, Bitnordex charges a withdrawal fee amounting to the relevant network fee for the cryptocurrency to be transferred/withdrawn. The network fee varies from day-to-day depending on the pressure on the network. However, the network fee is currently substantially below the global industry average BTC-withdrawal fee, being 0.000812 BTC per BTC-withdrawal.
All in all, the fees at Bitnordex are in line with, or even slightly below, industry average.
Deposit Methods
Bitnordex accepts deposits through both wire transfer and credit cards. Seeing as the exchange does accept deposits of fiat currency, the exchange qualifies as a so called ?entry-level exchange?, at which new crypto investors can take their first steps into the exciting crypto world.
