Overview
Nagax is a crypto exchange and wallet under Germany’s NAGA Group AG. It launched in 2022 to merge social media with trading. The platform offers spot trades, staking, NFTs, and copy trading. More than 100 coins are listed with EUR and USD support, yet volumes in 2025 remain unverified.
Social Trading and Community Layer
Nagax promotes community-driven trading. Users can follow others, share strategies, and copy trades. Access is blocked in the U.S., Canada, and some regions. Despite heavy marketing, adoption stayed limited.
Features and Experience
The exchange offers spot trading, staking, and copy trading linked to the NGC token. VIP users staking NGC get lower fees. The interface is clean across web and mobile apps, with easy fiat and crypto deposits.
Fees and Limits
Fees start at 0.40% for makers and takers. Holding NGC cuts fees to 0.05%. Crypto deposits are free. Card deposits can reach 4.5%, while bank transfers cost less. Withdrawals have fixed rates (BTC ~0.00012 BTC). The smallest trade is about 8 USD.
Security and Regulation
Nagax operates under NAGA X Ltd and is regulated in Cyprus. It uses MPC wallets, encryption, and MFA. The parent company’s listing on the Frankfurt Stock Exchange adds some transparency. However, users report withdrawal delays and poor support.
Reputation and Activity
The exchange focuses on its social approach but lacks clear trading volume, raising liquidity concerns. Reviews are mixed: some enjoy social tools, others point to unresolved issues.
Pros and Cons
- Pros: Social trading features; 100+ coins; Copy trading and staking; Lower fees with NGC; MPC wallets; Regulated backing.
- Cons: High base fees; Expensive card deposits; No derivatives; Withdrawal complaints; Low liquidity and unverified volume.
Who Will Like Nagax
It fits users who want a social trading experience and simple staking. Those who prefer high liquidity and ultra-low fees should look at larger exchanges.
Final Thoughts
Nagax is young, aiming to stand out with social tools and secure wallets. It has interesting features but faces low activity and user complaints, making it a riskier pick compared to major platforms.