Nash review 2023

Nash is a cryptocurrency exchange that caters to individual traders and businesses alike. It’s decentropen-sourcealised, which means there’s no central authority in charge of the platform and it’s hosted on the blockchain. Read on this review to learn more about how it works and whether you should sign up.

What can I do with Nash?

Individuals can trade the most popular cryptocurrencies on Nash, as well as participate in coin ‘staking’, which is a way to earn interest on the coins you hold. Businesses can use Nash to accept payments in cryptocurrency but receive fiat currency into their bank account, with the platform exchanging between them.

Formed in 2017, Nash is based in Liechtenstein. It offers an excellent web platform filled with analytical tools, as well as a non-custodial wallet that makes for a safe place to store the coins you hold.

Nash cryptocurrencies and trading options

What cryptocurrencies can you trade on Nash?

Nash offers all of the leading coins for trading, including Bitcoin, Ether, and USD Coin, among others. Most of the coins are also available as part of pairs, so you can swap between them whenever you like.

Major cryptos traded on Nash

• Bitcoin
• Ethereum
• Chainlink
• Syntropy
• Neo
• Basic Attention Token
• OriginTrail
• GUNTHY
• Gas
• Tether
• USD Coin

Nash core currency pairs

• BTC/USDC
• ETH/USDC
• LINK/USDC
• NOIA/USDC
• NEO/USDC
• ETH/BTC
• NOIA/BTC
• NEO/ETH
• BAT/USDC
• TRAC/BTC
• GUNTHY/USDC
• GAS/NEO
• USDT/USDC

All Nash trading options

Nash provides the benefits of a decentralised exchange with a centralised order matching system, converting fiat currencies to USD Coin which can then be used for trading. Unfortunately, It does not offer any derivative products on its exchange.

Can I trade with leverage on Nash?

Nash does not offer leverage at present. They have however announced that they will be launching margin trading in due time.

What are the spreads?

Nash does not offer any spreads (fixed or variable) nor does it make any money through it. All spreads on the exchange are a function of the liquidity of the markets and the exchange does not interfere or conduct market making activities. It simply matches available orders.

Fees, limits, and payment options on Nash

What are the deposit and withdrawal fees, limits, and speeds?

Nash offers limited payment options with deposits/withdrawals limited to the cryptos that are traded on the exchange, bank transfer or credit/debit card. There are no fees for deposits and withdrawals. However, many crypto coins will require a network fee for transactions which shall be indicated on the platform at the time of making the transfer.

How much are Nash’s fees and commissions?

Nash charges fixed fees to market takers. Market makers are not charged any fee. The fee varies based on volume, with the highest being 0.25% and lowest at just 0.03%. There are no other fees.

Nash trade sizes and limits

Minimum trade size depends on the crypto in question and is available at the time of placing the order on the Nash platform. There is no restriction on maximum quantity provided one has the funds to meet the requirements.

Nash trading platform

What devices can I use Nash on?

Nash has a web platform as well as a crypto mobile app available for Android and iOS. The mobile app is fully functional with advanced analytical tools as well as the option to transact. There is no desktop baseddesktop-based platform at this time.

• Web browser
• Tablet
• Android Mobile Device
• iOS Mobile Device

Can I use Nash in my country?

Nash is available worldwide, including in Great Britain, France, Japan, and China. Some countries, such as the USA and China have partial eligibility. For example, residents of China cannot trade on the exchange, but can use other features like coin staking. Select your country from the list below to see if it is available where you are.

Is Nash available in my language?

Nash is available in 7 languages including English, Dutch, Portuguese, Czech, German, French, and Italian.

How easy is it to use Nash?

Nash is a cryptocurrency trading platform geared towards beginners and experienced traders alike. It caters to beginners by offering them a basic interface and to experienced traders advanced analytical tools and depth graphs. 

Nash even has detailed videos and guides on their website on how to use the exchange and platform. The mobile app is similarly easy to get started with and covers the entire functionality of the website. The app is highly rated on both the play store/app store. 

Key features

Nash is a young, open source cryptocurrency exchange offering the benefits of both a centralised and decentralised exchange. Here are its top features:

Centralised and decentralised at the same time

Nash is a non-custodial exchange, as in it does not store assets on its servers or in a common wallet. This provides the benefit of a decentralised exchange as it cannot be hacked. At the same time, it offers off the chain, centralised order matching to ensure efficient order matching thus giving traders the best of both worlds.

Payments for businesses

Nash enables online businesses to accept payments in crypto and receive the same in their national currency, without them having to manage the wallet or crypto itself. Using Nash Link, businesses accept payment in crypto, which Nash converts to USD Coin in the blockchain and then into their national currency.

Nash league

All Nash users are automatically entered, but you can also join as a team with other Nash traders in order to compete for and win unique prizes. The larger the trading volume generated throughout the duration of the competition, the more prizes are unlocked. Season 2 of the Nash League is currently underway. 

Security and regulation

Is Nash safe?

Nash is a non-custodial exchange and hence does not store your assets on its servers. You control your cryptocurrency in your own cold storage wallet. Your account is also protected via private keys and a two factor authentication method.

Am I and my cryptocurrency protected?

Nash offers two factor authentication for the account as well as various notification features for transactions which ensures that your Cryptocurrency is protected. It also only serves as a platform for order matching and transfer of funds when orders are executed.

Is Nash regulated?

Yes, Nash is based in Liechtenstein and is regulated by the Financial Market Authority in Liechtenstein.

Do I have to verify my account with Nash?

Nash sets trading limits based on the documents provided and requires an increasing number of documents to be provided to increase these limits. Verification is done for anti-money laundering requirements. Without KYC (Know Your Customer), one can trade only up to $5,000 per day. There are 4 tiers of limits with increasing complexity of documents and personal information required.

Extra information

Educational resources 

No educational resources are available on Nash’s website. An FAQ section is available explaining the various aspects of signing up, security of funds, and other functionality of their platform and mobile app.

Tools and charting

The web platform offers decent charting and analytical tools to cater to beginners as well as multiple order types and indicators for advanced traders. There are a number of different types of charts, such as timeframes, candles, line and one-click trade setups.

Customer support

Nash has an extensive FAQ section covering the functionality of their entire exchange. In addition, they have an entire website dedicated to support where one can raise support tickets, chat live with an agent Monday through Friday during business hours, and also communicate with the exchange via one of its official social media accounts.

Our verdict

Nash is an open source cryptocurrency exchange with something for both individual traders and businesses. For personal trading accounts, it offers ample liquidity in top cryptocurrencies, for businesses, it lets them begin accepting cryptocurrency as a payment without having to deal with converting crypto to fiat

It also offers a clean, easy to use web platform filled with advanced analytical tools catering to experienced traders, while at the same time not overwhelming more casual traders. The decentralised nature of the exchange offers security as well as liquidity to go with the centralised matching that it offers.

However, the exchange has high verification requirements, without which your trading and deposit limits are significantly lower. There is also a very limited and small number of cryptocurrencies and tokens available to trade on the exchange, so it is only suited to those who are happy trading the top coins and submitting lots of information to be verified.

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