NiceX is a crypto exchange that was launched in 2019 as the NiceHash crypto exchange. NiceHash is a hashpower marketplace for mining, which previously included the exchange inside their platform. However, in January 2022, the company decided to create a separate partner company for the exchange, which resulted in the creation of NiceX.
NiceX crypto exchange benefits both miners and traders. Miners can trade or exchange their mining earnings using their NiceHash accounts while traders are provided with various tools for advanced trading, trailing orders, and various order types.
In order to use the NiceX exchanges, users must undergo a thorough KYC process. Besides, the exchange can be accessed through both – desktop and mobile devices.
The only trading option offered by the exchange is the NiceX spot market. It features over 60 crypto assets and a variety of NiceX trading pairs. Besides supporting crypto assets, the exchange also supports EUR, which makes it both – a crypto-crypto and crypto-fiat exchange.
Traders can choose from two options – Simple Convert or Advanced Trading. The former option is perfect for newbies in the crypto trading world. The Advanced Trading option, on the other hand, is more suitable for seasoned traders. It features a variety of order types (Market orders, Limit orders, and so on) as well as unique trailing orders.
Since the NiceX exchange supports the Lightning Network, users can send and receive BTC very swiftly and at low costs.
Talking about NiceX exchange fees, it follows the maker-taker model. The fees vary based on the individual NiceX trade volume. Maker fees range from 0.01% to 0.5%, while taker fees range from 0.03% to 0.5%.
Deposit fees vary based on the crypto asset and the amount of the deposit. For example, while there is no fee for depositing more than 0.0005 BTC, there is a 0.00001 BTC fee for depositing between 0.00001 and 0.0005 BTC. In terms of withdrawal fees, they also differ based on the crypto asset being withdrawn. However, note that by using the NiceHash Lightning Network node, users have zero fees for BTC deposits and withdrawals.
Talking about other NiceX crypto fees, there are fees for exchanging EUR to BTC and vice versa. Exchanging up to 100 EUR attracts a 1.45 EUR fee, while exchanging more than 100 EUR attracts a 1.45% fee.
The NiceX trade volume ranged around $388,000 in February 2023. If you want to check the current NiceX volume, take a look above.
The NiceX exchange allows users to purchase crypto assets using fiat currencies. They can do that with Visa, Mastercard, ApplePay, and SEPA transfers.
Besides that, it provides traders with an API interface. It allows traders to use trading bots that simplify the whole process.
Moreover, the exchange offers its own crypto wallet called NiceWallet.
About the Company
As mentioned before, NiceX is an exchange established in 2022 by the NiceHash team. The exchange is based in the British Virgin Islands.
NiceHash was founded in 2014 by Matjaž Škorjanc and Marko Kobal. Martin Škorjanc is the CEO of NiceHash up to this day. Prior to getting involved with Bitcoin and blockchain technology, he held the position of CEO for numerous prosperous technological businesses. He has a background in electrical engineering.
Marko Kobal doesn't work with the project anymore. Prior to founding NiceHash, he was the CTO of Arctur d.o.o. for over 15 years. After founding NiceHash and leaving the project he decided to become an independent cryptocurrency expert and has been one ever since.