Do you think exchange in novaexchange is safe?

[pressureonme]

i have an account at there although not regularly to trade but i don't have any problem regarding my account that withdrawal and deposit always went smoothly without any issue even currently i have balance several altcoin at novaexchange and sometimes still use that for trade and i have to says so far this exchange was pretty safe

I also tried he exchange, the deposit is a little bit slow and problematic, but this is not an indication for a trust issue. The rest for the platform was okay by my side. I didn't se any major problem.

They, maybe, try to make the deposit and withdraw transactions faster, that's all.

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[sweerty1]

I have doubts about their exchange too. I think its all about visual. It doesn't look good like bittrex or poloniex. I suggest you to keep using bittrex at least if you want safe exchange.

[asriloni]

hello,I recently join a airdrop named TME in novaxchange,but I don't dare to trade in this platform.
because I don't have try trade in this platform.
and I want know Is it safe to trade?
thanks.

It will always be a safe place to trade until you can afford to lose, because it was 3rd person exchange site, and that was same with another exchange like bittrex and poloniex. As far as I know if the exchange working for smoothly right now and you can trade in there for safely.

[jhenfelipe]

Based on my experiance I can say that it is safe to trade in nova exchange. I didn't encounter any problems with deposits and withdrawals and friendly/approachable mods in trollbox. Sometimes trading is quiet there especially if the coins are also listed on bigger exchanges but your coins are safe.

You've mentioned that TME was banned, what do you mean? Banned in nova exchange? I wasn't aware of that coin , first heard here in your thread

[jritz2344973]

I remember it was withdraw need about 15 minters ,
it's pretty good .

[barfine]

I have been using novaexchange for 1 years+, trading few coins, withdraw some to my wallets without any problem. I think it is quite stable now and novaexchange is quite well-known too.

Yep same here, no issues at all with Nova depositing or withdrawing.

I notice they do have a few wallets under maintenance but most seem to be operational and I have traded and withdrawn about 6 times using them in the last couple of days without issue.

Cannot vouch for their support because I have not had to use them but I do know that Yobit support is pathetic and I will never use that site again.

[jeeshjeans]

I signed up for Poloniex but used different ID's which has halted my verification and going by what others have to say about Poloniex I'll be waiting forever to get verified so think I'll sign up with Nova instead. What is there verification process like?

[maeusi]

hello,I recently join a airdrop named TME in novaxchange,but I don't dare to trade in this platform.
because I don't have try trade in this platform.
and I want know Is it safe to trade?
thanks.

My experiences on novaexchange are good. Only many coins, those are offered their are scammy. So you should asure at each deposit and withdraw, that the wallet of the coin, you want to transfer, is working at that  moment.

[JamesR1]

I signed up for Poloniex but used different ID's which has halted my verification and going by what others have to say about Poloniex I'll be waiting forever to get verified so think I'll sign up with Nova instead. What is there verification process like?

even in nova exchange you need to get verified with original ID to send large money outside as i remember Exchange withdraw cap between 1000 - 2000 without verification .

[avatar_kiyoshi]

I ever trade on nova, because they have low volume the transaction go slowly, so lately I'm not trade there, but so far i haven't problem with the exchange.

I see TME market there have 0 volume, possibly you need to wait longer.

[algernonen]

I have problem with NOVA exchange.

They didn't process the withdraw limitation verification I submitted and hold my money, and don't let my coins leave.

Many people have the same issue with NOVAexchange recently, NOVA exchange is keeping silence and they just want to hold your bitcoins.

They ignore customer's request and place customer's money at their exchange at high risk. If it is hacked, will they pay your lost? NO!!! But they hold my coins and don't let me withdraw more than 2000 dollars per day after I submit my verification information to them.

If NOVA exchange refuse withdraw limitation verification request from customers, it will place customers in danger:

1) Exchange being hacked, customer loose money. They don't pay
2) Customer need coins for other investment, they hold it and let customer loose big money. In cryptocurrency trade environment, you can imagine how serious impact to customer's assets.

NOVA Exchange, you should respect the traders who are using it!   

[Ferris419]

I haven't tried novaexchange so far as mostly I prefer to trade on polo or bittrex as but overall majority of times I trade only on Polo due to low fees in compare to other exchanges and fast confirmations.

[andyblocks]

They list a lot of sh*tcoins in their website, but that doesn't mean it's a bad service. User experience is what counts.

[DCP]

I'm having a problem with Nova Exchange.  Has anyone withdrew a cryptocurrency from Nova in the last 2 days and had it processed immediately?

I deposited about 6 days ago some Eth and traded it for Bro but I have not been able to withdraw my bro and I've tried each day for 5 days. When I click to withdraw it says Success and then to check my email for the confirmation.  The issue is I don't ever get a confirmation email. I've checked spam, promotions folder, etc.  So now the transactions are still there on the Ongoing transactions page (what a stupid name!)

I'm reading good comments in this thread and hoping its not a scam exchange and that they're overworked or something. I saw this comment on the website "Some withdrawals may need manual action from Novaexchange to be processed."   In that case I could see them getting backed up.  I really want to know which crypto can I withdraw immediately from Nova...

[manchester93]

I'm having a problem with Nova Exchange.  Has anyone withdrew a cryptocurrency from Nova in the last 2 days and had it processed immediately?

I deposited about 6 days ago some Eth and traded it for Bro but I have not been able to withdraw my bro and I've tried each day for 5 days. When I click to withdraw it says Success and then to check my email for the confirmation.  The issue is I don't ever get a confirmation email. I've checked spam, promotions folder, etc.  So now the transactions are still there on the Ongoing transactions page (what a stupid name!)

I'm reading good comments in this thread and hoping its not a scam exchange and that they're overworked or something. I saw this comment on the website "Some withdrawals may need manual action from Novaexchange to be processed."   In that case I could see them getting backed up.  I really want to know which crypto can I withdraw immediately from Nova...

I've read multiple similar reports -- withdrawal confirmations not being received. Some people are having trouble accessing their accounts at all due to widespread IP banning and apparent 2FA token problems on Nova's side. In the community thread in Service Discussion, one user reported that withdrawals have changed from automatic to manual for withdrawals as small as a couple bit-cents!

On one hand, this might be good news; maybe there is just a support backlog and your withdrawal is awaiting manual approval. On the other hand, there are some red flags here. At best, they seem incompetent and unable to handle basic DOS attacks.

[DCP]

I'm having a problem with Nova Exchange.  Has anyone withdrew a cryptocurrency from Nova in the last 2 days and had it processed immediately?

I deposited about 6 days ago some Eth and traded it for Bro but I have not been able to withdraw my bro and I've tried each day for 5 days. When I click to withdraw it says Success and then to check my email for the confirmation.  The issue is I don't ever get a confirmation email. I've checked spam, promotions folder, etc.  So now the transactions are still there on the Ongoing transactions page (what a stupid name!)

I'm reading good comments in this thread and hoping its not a scam exchange and that they're overworked or something. I saw this comment on the website "Some withdrawals may need manual action from Novaexchange to be processed."   In that case I could see them getting backed up.  I really want to know which crypto can I withdraw immediately from Nova...

I've read multiple similar reports -- withdrawal confirmations not being received. Some people are having trouble accessing their accounts at all due to widespread IP banning and apparent 2FA token problems on Nova's side. In the community thread in Service Discussion, one user reported that withdrawals have changed from automatic to manual for withdrawals as small as a couple bit-cents!

On one hand, this might be good news; maybe there is just a support backlog and your withdrawal is awaiting manual approval. On the other hand, there are some red flags here. At best, they seem incompetent and unable to handle basic DOS attacks.

ARgh, I really don't appreciate scams in cryptoland, we're working towards transparent honest structures. We could use some type of site similar to what Forexpeacearmy is where there's a moderated response section for each broker, in our case exchange..  I searched google before I sent funds to Nova and didn't see any cause for concern. According to coinmarketcap they're doing 650 bitcoins of volume today,  wtf?

[coinfinder000]

hello,I recently join a airdrop named TME in novaxchange,but I don't dare to trade in this platform.
because I don't have try trade in this platform.
and I want know Is it safe to trade?
thanks.

It's safe for now, all the exchange platforms are in risk of running , hacking . They have the same chance to be hacked or to run . So my suggestion is to divide your money into several exchanges.

[BitProNews]

yes i think it's a safe platform to trade cryptocurrencies. i didn't read claims against it and as i saw, everything is smoothly running in it.

[manchester93]

It's safe for now, all the exchange platforms are in risk of running , hacking . They have the same chance to be hacked or to run . So my suggestion is to divide your money into several exchanges.

yes i think it's a safe platform to trade cryptocurrencies. i didn't read claims against it and as i saw, everything is smoothly running in it.

Let me point your attention to this thread: https://bitcointalk.org/index.php?topic=1606107.0

In August, they added this to their terms:

BETA Notice

Novaexchange is currently in BETA mode in production mode until further notice. The BETA tag will be removed once all known bugs are fixed and no new bugs encountered for a period of 3 weeks. While BETA tag applies things can go wrong and Novaexchange will in timely matter help the user to restore (if any) digital currencies. A trade that has gone wrong can be reversed during 48 hours of the timestamp of the trade and only as long as the currency remain on Novaexchange, once withdrawn or 48 hours has passed that transaction cannot be reversed.

Shortly after, they shut down registrations -- I think they are still shut down for like 2 weeks now. Apparently they have been under attack. This has lead them to ban a wide range of IPs, locking many people out of their accounts.

People are also complaining of withdrawals not coming through. Apparently, email confirmations are not arriving. I urge people to be careful and avoid sending any funds to this exchange until the situation becomes clearer.

[DCP]

WARNING:   NOVA EXCHANGE = SCAM


It's been over a week now without being able to withdraw from Nova.  I'm calling Nova a Scam.  Otherwise there would be some explanation, a blog post, an email back from customer service.  Their system allows you to deposit funds just fine but when you withdraw it doesn't send the confirmation email. I get the login notification emails immediately. 

(I define a scam as when someone takes your money without your permission, without giving back anything)