Bitnordex

Bitnordex Review

What is Bitnordex?

Bitnordex is a centralized cryptocurrency exchange registered in Estonia (their terms and conditions are at least governed by Estonian law). It has been active since 2019. The exchange is powered by the so called “Huobi Cloud”.

Supported Cryptos

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.

Timeline

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

Bitnordex charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is slightly below the industry average (being around 0.00057 BTC per BTC-withdrawal according to this report).

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.