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Author Topic: Nova Exchange is Closing  (Read 3841 times)
eXpl0sive
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October 30, 2017, 12:23:20 PM
 #1

If you are a user of Nova Exchange, this concerns you:

http://novaexchange.com/news

Quote
Kindly note "Novaexchange" will have new owners and management effective April 2018, with major upgrades to the exchange to better handle scaling, stability and security.

For better management and security of customer funds we have decided to close down Novaexchange so that the users can withdraw all their funds with no participation/responsibility of action of the new management.

Preliminary plan:
2017-10-30 This information goes public, user registration closes, addcoin page closes, disabling deposits of ETC and ETH
2017-11-30 Deposits disabled for ALL coins, all users get level 3 verified account level
2017-12-15 ONE last deposit scan to take care of deposits made after 2017-11-30
2018-01-31 Email reminder to all registered users
2018-02-28 Trading engine stops, dice game stops, API stops
2018-03-31 Login stop, website replaced with information
2018-04-15 Support closes, all Novaexchange user data removed

Remaining user balances that has not been withdrawn before 2018-04-01 will be considered a donation and is not refundable.


EDIT: Novaexchange has announced that they're not shutting down:

Novaexchange has announced that they're not closing down. In view of the news, I'm closing down this thread.





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October 30, 2017, 12:26:52 PM
 #2

I don't normally use Nova but have from time to time to get some of the more rarer coins, and also to purchase some extra DeepOnion.  I wonder what this will do to the BitConnect users.  Their stated source of income to pay out their large interest fees comes from bot trading... I assumed that was coming from Nova since that's the only external exchange Bitconnect trades on.  Be interesting to see what happens to that project.

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October 30, 2017, 12:36:12 PM
 #3

Bad news for people looking for rare coins...
I'll have to look for odd and dangerous exchanges again, from china or other far away countries Cheesy

I will finish having  so many accounts everywhere that I'll lost myself xD

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October 30, 2017, 12:40:51 PM
 #4

This is quite sad news, to me. I do not use Nova Exchange anymore, but they were among the very first exchanges I used in the very beginning since they were easy to open accounts with, did not need verification, and had support for a lot of alts that I could not find anywhere else.

But I am glad to read that this is not just a closure, but a means to pave the way for the new management. Hopefully, this will also include skilled developers and a great support team,,, you know, so we do not worry about wallet failures and 20 days to get a reply from support!



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October 30, 2017, 12:48:16 PM
 #5

so sad , i got  a email  from novaexchange , i  try login but get error 404 , maybe  so many user try  withdrawal and safe their coin
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October 30, 2017, 12:49:21 PM
 #6

This is bad news for me. I have some pos coins in nova  Angry
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October 30, 2017, 12:52:05 PM
 #7

Poor me, I've just sent 0.3 BTC to Novaexchange, then purchased some altcoins. Right after all transactions finished, I got the announcement.
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October 30, 2017, 12:58:15 PM
 #8

Poor me, I've just sent 0.3 BTC to Novaexchange, then purchased some altcoins. Right after all transactions finished, I got the announcement.
You are still be able to withdraw/move your altcoins/money to other site which listed them before April 1st, 2018. It shouldn't be a problem then.
I never used Novaexchange before, but this ownership changes also make me surprised what was the reason they decided to sell novaexchange.

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October 30, 2017, 01:24:12 PM
 #9

That's very sad news. Their income was increased due to indian users by 10x fold or even 20x fold seeing popularity website goes skyhigh from march 2017 till now, and probably because of these they are closing it now. Maybe they will set-up new exchange, even better, but trading will be halted for several months and this exchange had good opinion, and was respectable, even if small.

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October 30, 2017, 01:40:04 PM
 #10

I used novaexchange once.
their service is good enough at the moment.
unfortunately, if they close their exchanges services.
certainly the brand matters a lot pertimbanagn for this decision.
hopefully this does not complicate other altcoin markets.
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October 30, 2017, 01:42:26 PM
 #11

If you are a user of Nova Exchange, this concerns you:

http://novaexchange.com/news

Quote
Kindly note "Novaexchange" will have new owners and management effective April 2018, with major upgrades to the exchange to better handle scaling, stability and security.

For better management and security of customer funds we have decided to close down Novaexchange so that the users can withdraw all their funds with no participation/responsibility of action of the new management.

Preliminary plan:
2017-10-30 This information goes public, user registration closes, addcoin page closes, disabling deposits of ETC and ETH
2017-11-30 Deposits disabled for ALL coins, all users get level 3 verified account level
2017-12-15 ONE last deposit scan to take care of deposits made after 2017-11-30
2018-01-31 Email reminder to all registered users
2018-02-28 Trading engine stops, dice game stops, API stops
2018-03-31 Login stop, website replaced with information
2018-04-15 Support closes, all Novaexchange user data removed

Remaining user balances that has not been withdrawn before 2018-04-01 will be considered a donation and is not refundable.
Closed for new manager and owners with more feature can add to exchange in next year! This is best for all member but in short times, we have lost a good exchange!

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October 30, 2017, 01:48:48 PM
 #12

I don't normally use Nova but have from time to time to get some of the more rarer coins, and also to purchase some extra DeepOnion.  I wonder what this will do to the BitConnect users.  Their stated source of income to pay out their large interest fees comes from bot trading... I assumed that was coming from Nova since that's the only external exchange Bitconnect trades on.  Be interesting to see what happens to that project.

Well given that bitconnect doesn't really have a trading bot they can probably just lie and say that they're moving it to another exchange. Hopefully though it pulls the plug on their ponzi scheme.

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October 30, 2017, 01:52:29 PM
 #13

Thanks for the news. I better get out my onions. Unfortunately, i can't sell it only in Nova exchange.

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October 30, 2017, 01:53:15 PM
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Does anyone have theories or informed opinions about who the buyer is?  Jokes or wild speculation are also welcomed.
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October 30, 2017, 01:54:10 PM
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Never heard about them. Are they big enough to worry about it?  Smiley

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October 30, 2017, 02:14:40 PM
 #16



They started to close new registrations. Did they mention the reasons for closing the platform?

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October 30, 2017, 02:15:20 PM
 #17

Never heard about them. Are they big enough to worry about it?  Smiley

They are a relatively small exchange is my understanding.

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October 30, 2017, 02:17:20 PM
 #18

This is bad news for many many coins since this is their only platform for now. Hopefully everything will be fine and the new owners will reborn nova better than ever.
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October 30, 2017, 02:19:05 PM
 #19

I guess the novexchange announcement explains why they are not responding to emails
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October 30, 2017, 02:25:38 PM
 #20

I have some coins at nova so downloading every wallet, sync it and moving the coin will be such a chore. Seems like i have to sell some and just keep the good one. It's a big blow to the emerging coins because nova is one of the best exchange for them to start.

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October 30, 2017, 02:26:13 PM
 #21

You think is an opportunity for others exchange or just a very bad news for all crypto game ?
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October 30, 2017, 02:33:07 PM
 #22

Hm, I was using nova for some rare 'gems', more often - coal Cheesy Is there any similar exchange like nova with large number of coins?
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October 30, 2017, 02:39:34 PM
 #23

I've heard this news in a lot of my telegram groups as well. From the sources there people said that nova exchange will just be switching owners. In April of 2018 a lot of major changes to "handle better scaling, stability and security". Personally I don't really use them that much, but even if I did I wouldn't worry too much. Just try to get your assets off that exchange for the time being.
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October 30, 2017, 02:49:51 PM
 #24

That's too bad. While Nova wasn't the best (hell, it wasn't even a good exchange), I will miss being able to find a huge amount of rare low cap altcoins. Hopefully when they reopen they will continue for this demographic.

Code:

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October 30, 2017, 03:24:39 PM
 #25

Yes, I got information about Nova's closing from email. It's unfortunate (though not a favorite exchange) because some new altcoins coming in and may have a good chance of growing up instead.

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October 30, 2017, 03:42:42 PM
 #26

I have 300BTC - from ICO ulacoin - I want to withdraw to deploy the project - please help me.
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October 30, 2017, 03:46:02 PM
 #27

Anyone having issues to log in Nova?  Shocked
Anyone lucky to withdraw all?  Shocked
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October 30, 2017, 03:46:18 PM
 #28

If you are a user of Nova Exchange, this concerns you:

http://novaexchange.com/news

Quote
Kindly note "Novaexchange" will have new owners and management effective April 2018, with major upgrades to the exchange to better handle scaling, stability and security.

For better management and security of customer funds we have decided to close down Novaexchange so that the users can withdraw all their funds with no participation/responsibility of action of the new management.

Preliminary plan:
2017-10-30 This information goes public, user registration closes, addcoin page closes, disabling deposits of ETC and ETH
2017-11-30 Deposits disabled for ALL coins, all users get level 3 verified account level
2017-12-15 ONE last deposit scan to take care of deposits made after 2017-11-30
2018-01-31 Email reminder to all registered users
2018-02-28 Trading engine stops, dice game stops, API stops
2018-03-31 Login stop, website replaced with information
2018-04-15 Support closes, all Novaexchange user data removed

Remaining user balances that has not been withdrawn before 2018-04-01 will be considered a donation and is not refundable.

I wish I had got in earlier on this. D:

/L4Dyxt]FundCru: Fundraising DApp (http://[Suspicious link removed)
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October 30, 2017, 03:47:23 PM
 #29

Anyone having issues to log in Nova?  Shocked
Anyone lucky to withdraw all?  Shocked

I was lucky to log in couple hours ago. Everything was fine.
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October 30, 2017, 03:48:10 PM
 #30

Nova has been a good and honest exchange in my experience, while still small in volumes it was the home for so many altcoins that will really have a hard time now finding a new home base where they can be traded.
I do expect this to have quite some impact on the prices of coins that are currently only listed on Novaexchange.

Protestatio facto contraria non valet.
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October 30, 2017, 03:52:19 PM
 #31

Must be a Chinese exchange.

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October 30, 2017, 03:52:24 PM
 #32

So sad to see you all leave the CryproSpace.. Why may I ask?? It is regulations squeezing you out or retirement?
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October 30, 2017, 03:54:32 PM
 #33

It is sad that nova exchange is closing down. I have tried 1 or 2 times in nova, not the best experience but it is good to have alt choice. However, I am happy that there is upcoming new markets or exchanges as well. Kucoin is one of my best exchanges now.


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October 30, 2017, 03:55:25 PM
 #34

I wonder what's the reason for this change of ownership.  After reading several exchange related news articles this month I'm getting a bit nervous.
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October 30, 2017, 04:00:51 PM
 #35

Sad news, I liked this exchange for the more rare coins.. I certainly hope that when the new owners take over, this exchange will be bigger and better than ever!!

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October 30, 2017, 04:05:33 PM
 #36

Well that sucks, really liked nova. I hope new owners will know what they're doing

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October 30, 2017, 04:14:06 PM
 #37

Everyone has started trading here coinsmarkets.com anyways. I would withdrawal all my coins now and not wait until next year.

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October 30, 2017, 04:38:37 PM
 #38

It's not a big deal at all. There are more than 60 more exchanges, almost all of them better.

Nova have some unique coins listed but their devs now are having few months to prepare themselves for the closures. 


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October 30, 2017, 04:46:43 PM
 #39

this is bad news. NOVA was a good little exchange and worked well. Their UI was pretty decent.

also giving 5 months notice is quite good. Although everyone shit themselves today and tried to withdraw it all on day 1. The entire site is bogged down.


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October 30, 2017, 04:53:26 PM
 #40

Seems a fair and timely warning, what alternatives can we use for little known coins? :|
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October 30, 2017, 04:55:00 PM
 #41

Sad news, I liked this exchange for the more rare coins.. I certainly hope that when the new owners take over, this exchange will be bigger and better than ever!!

It doesn't sound like it.  Announcing they are closing is different that announcing they are changing ownership.  I doubt the new owner would allow them to stop new registrations, stop deposits, ask people to withdraw all their holdings, etc., if they had any intentions of keeping it open.
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October 30, 2017, 04:55:59 PM
 #42

Still have few months ahead but I do not understand why everyone sell on the panic and withdraw all just right after the announcement. 
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October 30, 2017, 05:07:26 PM
 #43

Sad news, I liked this exchange for the more rare coins.. I certainly hope that when the new owners take over, this exchange will be bigger and better than ever!!

It doesn't sound like it.  Announcing they are closing is different that announcing they are changing ownership.  I doubt the new owner would allow them to stop new registrations, stop deposits, ask people to withdraw all their holdings, etc., if they had any intentions of keeping it open.

Well are they not  announcing it is being taken over ?but I think they want no liability under the new owners. So best to clear the exchange out then start fresh under the new ownership.

Coins that are only traded there at this time will be crushed though i guess until they come back online or they find another exchange.

Roll on decentralised exchanges ... hurry up ffs.

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October 30, 2017, 05:08:10 PM
 #44

Still have few months ahead but I do not understand why everyone sell on the panic and withdraw all just right after the announcement.  

Because there have been time where exchanges and pools made an announcement that they are closing with a closing date but closed earlier then they said. Better safe than sorry!

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October 30, 2017, 05:26:18 PM
 #45

why they want to close it, it seems a good exchange
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October 30, 2017, 06:01:17 PM
 #46

It's ok, EtherDelta still has tons of unique coins!

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October 30, 2017, 06:18:45 PM
 #47

I'm not even able to log in. Just getting a 404 error.
Fortunately I hardly have anything on there.
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October 30, 2017, 06:25:55 PM
 #48

I'm not even able to log in. Just getting a 404 error.
Fortunately I hardly have anything on there.

I also wanted to check if I have some historic coins there, just in case.
I've got for sign in "400 bad request", not 404.
I guess that they are trying to do something, just not careful enough to not break everything around Smiley
We'll need patience on this...


Must be a Chinese exchange.

My browser tells me it's Swedish, not Chinese. If it would have been Chinese it would be closed or frozen already.

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October 30, 2017, 06:27:15 PM
 #49

I'm not even able to log in. Just getting a 404 error.
Fortunately I hardly have anything on there.

I can't log in either.  400 BAD REQUEST nginx

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October 30, 2017, 06:28:14 PM
 #50

I'm not even able to log in. Just getting a 404 error.
Fortunately I hardly have anything on there.

I also wanted to check if I have some historic coins there, just in case.
I've got for sign in "400 bad request", not 404.
I guess that they are trying to do something, just not careful enough to not break everything around Smiley
We'll need patience on this...


Must be a Chinese exchange.

My browser tells me it's Swedish, not Chinese. If it would have been Chinese it would be closed or frozen already.

Novaexchange is not from china, may be it's from europe.
Now, a can't login anymore, wait tomorrow

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October 30, 2017, 06:30:05 PM
 #51

Very bad news, this is my very first exchange for crypto trading. It's a pity that she did not become popular ((

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October 30, 2017, 06:55:42 PM
 #52

I'm not even able to log in. Just getting a 404 error.
Fortunately I hardly have anything on there.

I also wanted to check if I have some historic coins there, just in case.
I've got for sign in "400 bad request", not 404.
I guess that they are trying to do something, just not careful enough to not break everything around Smiley
We'll need patience on this...


Must be a Chinese exchange.

My browser tells me it's Swedish, not Chinese. If it would have been Chinese it would be closed or frozen already.

Novaexchange is not from china, may be it's from europe.
Now, a can't login anymore, wait tomorrow

Lol from China. It's from Sweden, and owner states it's very well on the website, just read it, instead of being ignorant, and provocative.

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vaso11
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October 30, 2017, 07:02:55 PM
 #53

Very bad news, this is my very first exchange for crypto trading. It's a pity that she did not become popular ((
oh fuck man, it's also my very first exchange. on it I earned my very first bitcoins a year and a half ago Cry Cry Cry

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October 30, 2017, 07:13:21 PM
 #54

And there is information why it is closed?
Did someone buy it?
Rebranding?

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October 30, 2017, 07:14:46 PM
 #55

Hi

I withdrew my GCN coin ok.

No joy yet on the Doge and LTC.

There are plenty of exchanges so it shouldn't be a problem for
all the coins to find a new home. It might be necessary to pay some
BTC to get listed fast.

Best
Greg



Trade GCN at SouthXchange Transfer files at www.gfile.us 1k free per transfer Smiley
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October 30, 2017, 07:16:09 PM
 #56

It sounds like it is simply to change ownership and there's a good chance the exchange will re-open under new branding or such. If it does close though it will be a sad day, mostly it's a fairly useless exchange but there can be an occasional gem that can be picked up from there exchange with all the many coins they list.

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October 30, 2017, 07:19:52 PM
 #57

I got an email from novaexchange regarding this closure. As I read from such email, they will have new owners is the main reason for this closure. I already withdrew all of my coins from nova.

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October 30, 2017, 07:20:55 PM
 #58

It sounds like it is simply to change ownership and there's a good chance the exchange will re-open under new branding or such. If it does close though it will be a sad day, mostly it's a fairly useless exchange but there can be an occasional gem that can be picked up from there exchange with all the many coins they list.

This is how I understand it too, so I don't understand the title of the thread. unless of course the new owners are planning t liquidate and sell off their remaining assets which wouldn't make sense. Watching this space. And oh, it is an European exchange, not Chinese as some posters are suggesting.

Could this be impacting the price today? They had a huge selection of coins, a lot of coins on Nova you wouldn't find in other exchanges. I wonder what the developers behind these obscure coins will do now.

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October 30, 2017, 07:23:40 PM
 #59

There are some buying opportunities there on novaexchange. Some projects only have their tokens listed on nova and there are many people panic and selling at discount price. It might be the end of the road for nova but not for most of the coins listed there.

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October 30, 2017, 07:26:47 PM
 #60

I know a few people that use nova and I was always pretty skeptical of their exchange. I suppose now my skepticism has been answered. Are people having trouble withdrawing their assets from them?

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October 30, 2017, 07:27:51 PM
 #61

Still have few months ahead but I do not understand why everyone sell on the panic and withdraw all just right after the announcement. 

To be fair, we've seen similar situations before, and it tended to get really hard to get your money
from these places. People don't want to lose their money. Me, I don't keep mine on exchanges, so
I didn't panic when I saw the news. I have like $3 on Bittrex, that's the most I will entrust to
strangers for longer than a day trade.

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October 30, 2017, 07:28:31 PM
 #62

This is quite sad news, to me. I do not use Nova Exchange anymore, but they were among the very first exchanges I used in the very beginning since they were easy to open accounts with, did not need verification, and had support for a lot of alts that I could not find anywhere else.

But I am glad to read that this is not just a closure, but a means to pave the way for the new management. Hopefully, this will also include skilled developers and a great support team,,, you know, so we do not worry about wallet failures and 20 days to get a reply from support!

Oh it is really sad... I used to love it for the exotic markets like MOON or DOGE denominated coins. Was real good for the altcoin lover!

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October 30, 2017, 07:31:22 PM
 #63

I just used this exchange to buy some DeepOnion.

The system was a big crap and not user friendly. However it is always bad for the crypto environment when a company shutdown operations

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October 30, 2017, 07:31:40 PM
 #64

Very bad news, this is my very first exchange for crypto trading. It's a pity that she did not become popular ((

Yeah, me too, but sadly they have decided to change ownership although it is still good though that they already informed the public about their decisions earlier so that issues can be avoided later.

They are not Chinese guys, they are from Sweden. Its a bitcoin or crypto friendly country. I think it has nothing to do with the country. Its a business decision I think because it didn't gained enough transaction from our community because others have experienced a lot of connection issues with them, sometimes they will do a maintenance without proper notifications.

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October 30, 2017, 07:32:21 PM
 #65

No issue for me personally, I don't fancy centralized exchanges.

Believe in the decentralized ones! Smiley they are the future of crypto trading!
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October 30, 2017, 07:35:03 PM
 #66

No issue for me personally, I don't fancy centralized exchanges.

Believe in the decentralized ones! Smiley they are the future of crypto trading!

Are there any active now?

I have been trying to log in Novaexchange all morning and haven't been able to.

It's too bad it's closing. 

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October 30, 2017, 07:48:33 PM
 #67

No issue for me personally, I don't fancy centralized exchanges.

Believe in the decentralized ones! Smiley they are the future of crypto trading!

Are there any active now?

I have been trying to log in Novaexchange all morning and haven't been able to.

It's too bad it's closing. 

Yeah I could login some hours ago, but maybe they are a bit overloaded right now. Everyone getting their money out lol

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October 30, 2017, 07:51:38 PM
 #68

Yeah, I'm currently getting 400 bad request at login for novaexchange, been like that for about 2-3 hrs now.


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October 30, 2017, 07:58:52 PM
 #69

it's not a good news for people owning coins listed only on this exchange!

i hope that Nova will collaborate with other exchanges to implement this coins!
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October 30, 2017, 08:00:36 PM
 #70

Yeah, I'm currently getting 400 bad request at login for novaexchange, been like that for about 2-3 hrs now.




I think tomorrow it might work again, no need to be scared.

Yeah that seems like a real problem. This message is for these coins like a delisting from another major exchange. Gonna be a big chaos, since it are so many altcoins!

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October 30, 2017, 08:02:22 PM
 #71

Please suggest other altcoin exchanges that US users might find or suggest their holdings move to.
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October 30, 2017, 08:03:46 PM
 #72

it's not a good news for people owning coins listed only on this exchange!

i hope that Nova will collaborate with other exchanges to implement this coins!

The new management will probably accept what novaexchange already does.
I don't think they'll just be buying the name.
And it's good for the old as well as new management to clear up everything before starting fresh.

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October 30, 2017, 08:03:50 PM
 #73

Other altcoin exchanges that don't cost an arm and a leg to get a coin listed on?
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October 30, 2017, 08:08:15 PM
 #74

I don't use Nova exchange, but despite that they are closing, it should not stop people from withdrawing their funds from there.

CrowdToken ICO BOUNTY - 2.5mil FREE TOKENS"
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October 30, 2017, 08:08:58 PM
 #75

Other altcoin exchanges that don't cost an arm and a leg to get a coin listed on?

Here is an older list:

Bittrex: support@bittrex.com
Poloniex: https://poloniex.com/coinRequest
c-cex: https://c-cex.com/?id=vote#suggest
Bter: https://bter.com/voting
Hitbtc: https://hitbtc.com/about-us
xBTCE: https://support.xbtce.info/Tickets/Submit
OpenLedger: https://bitshares.openledger.info
Liqui.io: support@liqui.io
exmo: https://support.exmo.com/hc/en-us/requests/new
Livecoin: https://www.livecoin.net/en/coin-listing
Bleutrade: https://bleutrade.com/voting
Cryptonarium: https://cryptonarium.com/en/support/
BloomBit: support@bloombit.net
Chameleon.bit: admin@chameleonbit.trade
alcurex: https://bitcointalk.org/index.php?topic=458732
SouthXchange: support@southxchange.com
Tux Exchange: https://tcx.freshdesk.com/support/home
Bittylicious: support@bittylicious.com


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October 30, 2017, 08:13:43 PM
 #76

Just guessing, you know completely no proof, could nova exchange get bought by one of the top chinese exchanges that just have to close down by 31st Oct due to the chinese crack down. Perhaps they need to focus on the market outside of china now.

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October 30, 2017, 08:18:18 PM
 #77

I have used Nova to trade Onion, Vivo.  Some unique coins are only listed in Novaexchange and these coins will face hard dump as people have no other option to keep all these. I feel bad about this.

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October 30, 2017, 08:41:04 PM
 #78

Other altcoin exchanges that don't cost an arm and a leg to get a coin listed on?

coinsmarkets.com

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October 30, 2017, 08:47:58 PM
 #79

That exchange always seemed a bit shady to me considering how their campaign signatures and bounty threads went. Heavy censorship, low and late payouts, it was always a mess... Never even risked putting my money in there for this reason.

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October 30, 2017, 09:33:06 PM
 #80

As always, dont ever leave your holdings on exchange, you are not owner! be safe!
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October 30, 2017, 09:46:03 PM
 #81


Thank you for posting.
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October 30, 2017, 09:47:17 PM
 #82

Yeah, I'm currently getting 400 bad request at login for novaexchange, been like that for about 2-3 hrs now.


As soon as I got the email saying they were closing I tried to login but, like you , got the 400 error. I finally managed to login about two hours ago to check my account.

It's a pity they are closing as is was a good exchange and it listed some of the more obscure coins that were not listed elsewhere.

EPIK



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October 30, 2017, 10:31:07 PM
 #83

New exchangers are coming, IDex, coss and next other exchangers with better platform.

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October 30, 2017, 10:33:15 PM
 #84

yes i also received an email from nova exchange , they tell me about their exchange will close soon ,

it is shock me when i know this news because novaexchange doing well until now.
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October 30, 2017, 10:49:49 PM
 #85

yes i also received an email from nova exchange , they tell me about their exchange will close soon ,

it is shock me when i know this news because novaexchange doing well until now.

Does anybody know the reason for closing? why would exchange be closing if they are doing well, especially in times when trading volumes and volatility is so high?
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October 30, 2017, 10:59:52 PM
 #86

shocking news really, is this related to china ruling or something? I hope this will not become a trend for other exchanges
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October 30, 2017, 11:33:42 PM
 #87

yes i also received an email from nova exchange , they tell me about their exchange will close soon ,

it is shock me when i know this news because novaexchange doing well until now.

Does anybody know the reason for closing? why would exchange be closing if they are doing well, especially in times when trading volumes and volatility is so high?


Want to get out before the regs tighten up. Probably want a clean break then start it up with full kyc and no ico securities crap to get their asses in jail.

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October 31, 2017, 12:08:31 AM
 #88

what? I still have a lot of altcoin there. I was surprised to read this news.

checked out
after login to nova, i found this



thanks friends for your information. it's time to move all my alt ^_^
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October 31, 2017, 12:43:35 AM
 #89

Too bad another exchange closing but they said that there will be new management as per email.
I have few altcoins also over there, so maybe just send them to my wallets as they are not supported by other exchanges atm.


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October 31, 2017, 12:50:28 AM
 #90

yes i also received an email from nova exchange , they tell me about their exchange will close soon ,

it is shock me when i know this news because novaexchange doing well until now.
Does anybody know the reason for closing? why would exchange be closing if they are doing well, especially in times when trading volumes and volatility is so high?

Quoted in the beginning, sale of the site, new owners

Quote
Kindly note "Novaexchange" will have new owners and management effective April 2018, with major upgrades to the exchange to better handle scaling, stability and security.
http://novaexchange.com/news

So just withdrawing anything onto other sites, maybe returning later when the new management seems capable. Not a real issue.

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October 31, 2017, 12:50:57 AM
 #91

This is very shameful. I know a handful of coins that just recently got listed there and now they are pulling this with no forewarning to developers. It's just flat out rude knowing that. This is one reason why I think centralized exchanges will not last in the long run. There's way too much manipulation involved.
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October 31, 2017, 12:55:56 AM
 #92

This will be a bit of a blow to a lot of smaller currencies that only managed to get listed there and nowhere else which is a pity

I wonder if it will stay based in Tanzania or be moved elsewhere

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October 31, 2017, 01:11:25 AM
 #93

Damn. This is such a bad news Sad
I have been using nova exchange for quite some time now. This exchange closing is such a waste. This really saddens me as a regular user. They have been offering good service to their customers including me. I just hope that they will get back into business again.

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October 31, 2017, 01:27:06 AM
 #94

I'm a total idiot, why didn't I even bother to list my activity token on Nova Exchange? ahh this is not a good time for a lol. they were listing the rarest coins, ones no body ever heard of, they even listed all of the Tillkoeln's coins, including ponzi, ponzi1, ponzi2, scam, scan, some old man retirement coin, TPG.
I'm sure whoever is buying it knows that for security reasons people will never go back to that exchange, you never know if the previous owners could have some hidden back doors to the system accessing people's coins while every body sleeps.

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October 31, 2017, 01:35:10 AM
 #95

Guys you should read well the Nova announcement..they are not up to shut down forever.
It will be a temporary closing due to a rebuilding of the entire site and team.
In my opinion they are doing this because of latest SEC announcements about regulating ICOS and Cryptos in general.
They have been trading lots of crap coins with real scammers behind , plus they have never adopted a KYC application form for their customers and they know they can be in big troubles soon if they don't change and fix all of that. Cool

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October 31, 2017, 01:43:36 AM
 #96

I will miss the trollbox feature. A nice touch to be fair, when spending hours trickling buy or sell orders it cheered things up a bit.
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October 31, 2017, 02:50:45 AM
 #97

Bad news for people looking for rare coins...
I'll have to look for odd and dangerous exchanges again, from china or other far away countries Cheesy

I will finish having  so many accounts everywhere that I'll lost myself xD
I’m not in that situation yet but at my current rate of acquisition it is very possible that I’m going to have that problem in a year, so if you find a solution to it or if you find a new exchange with exotic coins I would like to hear about it since many of the coins I’m interested are not listed on major exchanges.
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October 31, 2017, 02:53:40 AM
 #98

Novaexchange is closed and move to new owner, hope they will back stronger but maybe in the different name, more exchangers, traders will get more benefits  Grin

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October 31, 2017, 03:46:19 AM
 #99

New owner there hmmmmm

Is Novaexchange not making a good profit?

They hav around $2M trading volume every 24 hour

Anyhow wish them good luck tho!


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October 31, 2017, 04:06:18 AM
 #100

When I first received the email, I thought it's only a fake email.

However, after I went to novaexchange and read the news - I finally noticed that it's going to shut down  Cry

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October 31, 2017, 05:37:51 AM
 #101

I guess they are trying to wipe their history with scammers clean by doing this. Probably the new owner is a family member or a friend of the current owner. I think nova and c cex exchanges are both shady as fuck. Hopefully SEC regulations can drain the swamp a bit.

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October 31, 2017, 06:12:03 AM
 #102

I have some coins at nova so downloading every wallet, sync it and moving the coin will be such a chore. Seems like i have to sell some and just keep the good one. It's a big blow to the emerging coins because nova is one of the best exchange for them to start.

Lol I am having the same issue. I had some Rupee on Nova but lucky for me the price has exploded so will just sell it. The rest I will have to download the wallet and start syncing.

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October 31, 2017, 06:42:43 AM
 #103


Thats not a good news at all. I mean if that happens then it will affect the bitcoin market in very negative ways. Because same thing happened with china, only it was on mass scale with two to three major exchangers getting closed. Many users lost the investment and also there was impact on the prices of bitcoin market. We saw that everything was crazy red in that period and somehow the bitcoin dropped to 3000 USD and below. I mean that will repeat again if the nova is holding enough volume of bitcoin in the form of alt coin and plain bitcoin itself.


Have you guys though of that? I mean investor will look at this as god opportunity because many bitcoin will be dumped in the market and the rates will fall due to extra supply of bitcoin. This is good period to buy more coins for investors. Just speculating the good and bad though.


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October 31, 2017, 06:47:45 AM
 #104

Although this nova exchange site speculations is not yet confirmed but I don't think that'll happen to most struggling coin exchange agents.
Bitcoin would save them from financial instability and I guess it's time for them to look good investors while it's not too late.

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October 31, 2017, 09:18:59 AM
 #105

Well i've heard some people say that some coins that are only listed on nova are getting dumped like crazy. This should prove to be a great buying opportunity if you believe in these coins being listed on another altcoin exchange later, even if it's yobit or whatever.

New owner there hmmmmm

Is Novaexchange not making a good profit?

They hav around $2M trading volume every 24 hour

Anyhow wish them good luck tho!

Considering all the promotion and salaries that they have to pay, that's not a whole lot.

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October 31, 2017, 09:54:37 AM
 #106

This is bad news. Nova was a good exchange crypto.

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October 31, 2017, 09:57:12 AM
 #107

Nova was build for shitcoins and now they are shutting down. I was waiting yobit to close first but looks like they are still happy with shitcoins.
anyways i just withdrawn my bitcoins from novaexchange and there was no problem.
Thanks to nova for being fair.

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October 31, 2017, 10:00:01 AM
 #108

I received email from novaexchange about that I though it just fake email from scammer.  Cheesy
novaexchange is my first exchanger when I newbie in crypto so I hope new owner make novaexchange more good than before.
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October 31, 2017, 10:01:10 AM
 #109

The signs are there. Winter is coming for all exchanges. The government is taking over and setting a new rules. I will not deposit my bitcoin on any centralized exchange. We need more of dex. And in particular, we need dex for bitcoin trading.

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October 31, 2017, 11:02:23 AM
 #110

The signs are there. Winter is coming for all exchanges. The government is taking over and setting a new rules. I will not deposit my bitcoin on any centralized exchange. We need more of dex. And in particular, we need dex for bitcoin trading.
I also believe that the future is behind decentralized exchanges. I do not consider them uncomfortable or ugly. To understand the principle of their work is not difficult. I like their idea.

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October 31, 2017, 11:35:15 AM
 #111

The signs are there. Winter is coming for all exchanges. The government is taking over and setting a new rules. I will not deposit my bitcoin on any centralized exchange. We need more of dex. And in particular, we need dex for bitcoin trading.
I also believe that the future is behind decentralized exchanges. I do not consider them uncomfortable or ugly. To understand the principle of their work is not difficult. I like their idea.

Are decentralized exchanges not vulnerable to the whims of the development team?

And is it possible for governments to close down decentralized exchanges?
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October 31, 2017, 11:44:30 AM
 #112

Thanks for sharing the news for us, nova exchange for shutting down is bad news for altcoin traders. We should withdraw the fund before they shut down. Nova exchange is not very popular, they may make money very hard so they have to shut down the exchange.
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October 31, 2017, 11:56:06 AM
 #113

This is sad, novaexchange is one of my favorite exchanges. No hassle and more secure than other shady exchanges. I hope the new novaexchange will be better, wishing them good luck.
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October 31, 2017, 12:18:39 PM
 #114

This news yesterday had a huge effect on prices. Many have started to panic and to sell/dump their coins.
I unfortunately was not able to take this opportunity because the site was too busy and I could not logged and to have a good connection.
I'm sorry the exchange will be closed because I think that NOVA was a good start for the tokens that are in developing stage. All in all, there are still a few months to the closing.

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October 31, 2017, 12:28:31 PM
 #115

From what I heard, Nova Exchange will have a new owner by April 2018 and no new registrations will be accepted starting October 30 and by November 30 nova exchange will disable deposits. Trading will stop by end of February 2018. Funds must be moved until April 01 2018 or else those that are left in Nova Exchange will be considered a property of Nova Exchange. I'm still skeptic with that information that was shared to me.

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October 31, 2017, 05:49:11 PM
 #116

Quote


Lol from China. It's from Sweden, and owner states it's very well on the website, just read it, instead of being ignorant, and provocative.

Sweden en was what I thougt as well, but the E-Mail says TANZANIA and if you search Google for Nova technology and Tanzania, it finds a page that clearly states the same (our servers are in) and this already in 2015
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October 31, 2017, 06:09:33 PM
 #117

This was the only exchange for many coins. They will face a difficult situation now and finding a new exchange will become an important priority. Panic sells for coins exclusively on Nova has already happened.

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October 31, 2017, 06:17:56 PM
 #118

Too bad about the novaexchange closing down (glad we god notice though!), where are we all going to buy our sh*tcoins now Grin

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October 31, 2017, 06:46:05 PM
 #119

Although this nova exchange site speculations is not yet confirmed but I don't think that'll happen to most struggling coin exchange agents.
Bitcoin would save them from financial instability and I guess it's time for them to look good investors while it's not too late.

Maybe only time can answer all that, because I think everything has happened and they have sent an email to everyone who has listed on their exchanges, so let them solve this problem to the new owner.
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October 31, 2017, 06:54:49 PM
 #120

I personally I have always liked nova because you could trade some rare coins and it was always stable , didin't have a problem. However after what I have read a new board is coming so it's just gonna be a change of the exchange and it will take some months.

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October 31, 2017, 07:09:05 PM
 #121

yes i was personally using, but its not good i have good number of coin in NOVA, but its strange that suddenly they announce they are closing down, i did not understand why new ownership want remove all members,
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November 01, 2017, 03:07:06 AM
 #122

yes i was personally using, but its not good i have good number of coin in NOVA, but its strange that suddenly they announce they are closing down, i did not understand why new ownership want remove all members,

It's a problem of regulation coming soon from SEC...they never had KYC application form in their site...and this is a must have right now for any kind of buisness in Crypto.
That's the main reason for which they are closing...but i am sure that when they will start back they will have this kind of control for their customers.
It's the same reason that made bittrex lock many not verified accounts recently  Wink

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November 01, 2017, 03:13:34 AM
 #123

I was about to use nova when I stumbled to this announcement. Its strange that such exchange will come to this point. I had a good impressio  to it given that most coins are there

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November 01, 2017, 04:07:33 AM
 #124

I was about to use nova when I stumbled to this announcement. Its strange that such exchange will come to this point. I had a good impressio  to it given that most coins are there
I think it is because they sold, they want to clear their hands of any future issue by closing the exchange in advance. That way their slate is clean.

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November 01, 2017, 04:27:25 AM
 #125

Nova exchange hold some substantial liquidity as fas as bitcoin and alternative coin is concern. I don't know if nova will be missed, but i do know that the liquidity in it's market might affect bitcoin price in a short term why? because there will be more supply of coin  and that will definitely affect price.

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November 01, 2017, 04:41:27 AM
 #126

Although this nova exchange site speculations is not yet confirmed but I don't think that'll happen to most struggling coin exchange agents.
Bitcoin would save them from financial instability and I guess it's time for them to look good investors while it's not too late.
Who used that exchange before? I remember that they only had the newer scam coins on their website. They should just stay online and keep helping the new coins out.

Who will be trying to list those coins other than them?

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November 01, 2017, 08:43:20 AM
 #127

yes i was personally using, but its not good i have good number of coin in NOVA, but its strange that suddenly they announce they are closing down, i did not understand why new ownership want remove all members,

It's a problem of regulation coming soon from SEC...they never had KYC application form in their site...and this is a must have right now for any kind of buisness in Crypto.
That's the main reason for which they are closing...but i am sure that when they will start back they will have this kind of control for their customers.
It's the same reason that made bittrex lock many not verified accounts recently  Wink

I thought NovaExchange was Swedish company. If SEC (usa regulation) is the reason for new management, then i am dissapionted. I rather see them giving the finger to SEC then coherence. Why lissen to overboarder regulations? There are so many overborder willings, that you just can't comply to all of them. So especially do not listen to big bullies  Angry
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November 01, 2017, 06:57:18 PM
 #128

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I thought NovaExchange was Swedish company.

So did I, and many other people... But in the e-mail about closing and near the bottom of their " privacy policy" page it actually says TANZANIA
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November 01, 2017, 09:19:26 PM
 #129

Thanks men , i have got an mail too  Roll Eyes

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November 02, 2017, 03:17:09 AM
 #130

The signs are there. Winter is coming for all exchanges. The government is taking over and setting a new rules. I will not deposit my bitcoin on any centralized exchange. We need more of dex. And in particular, we need dex for bitcoin trading.
I also believe that the future is behind decentralized exchanges. I do not consider them uncomfortable or ugly. To understand the principle of their work is not difficult. I like their idea.

Are decentralized exchanges not vulnerable to the whims of the development team?


If it's all on a blockchain, it's not.  If they tamper with it or the interface to it, it shows their not a good team.


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November 02, 2017, 03:29:46 AM
 #131

I think that Nova Exchange is great. unfortunately if should be stopped. but I do not think it will be long. there are some things that should be replaced in it. Nova Exchange has also given a message to its users to immediately secure the coins they have there.



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November 02, 2017, 03:46:47 AM
 #132

Nova closing it's exchange is significant! But it's better that everyone is been inform! I must commend nova for this transparency and unusual sense of responsibility towards their users! It's good to see that they are not running away with customers' fund!

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November 02, 2017, 11:20:41 AM
 #133

Are there any other exchanges that deal with Deeponion when Nova Exchange Closes?
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November 02, 2017, 11:30:30 AM
 #134

im not usually use nova but still bad news cause nova was one of big exchanger

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November 10, 2017, 06:38:09 PM
 #135

yes i also received an email from nova exchange , they tell me about their exchange will close soon ,

it is shock me when i know this news because novaexchange doing well until now.

Does anybody know the reason for closing? why would exchange be closing if they are doing well, especially in times when trading volumes and volatility is so high?


Want to get out before the regs tighten up. Probably want a clean break then start it up with full kyc and no ico securities crap to get their asses in jail.
I think this is the most likely explanation, and I think this is not going to be the only exchange that is going to close for those reasons, I think this is similar to what happened with bitmixer since they closed their doors for similar reasons.
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November 10, 2017, 06:43:14 PM
 #136

Sad to hear this news  Cry but at the least they give us a lot of notice to get our coins off which is a good sign from this exchange. I have only had positive interactions and it will be sad to see them go, much love Nova Kiss

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November 11, 2017, 01:56:17 PM
 #137

Too bad.i never actually did use the site but their review was good from what I gathered from some friends.atleast they have allocated enough for people to withdraw their coins.hope the new owners repackage the site and launch it back better and strong.i think we need more good exchanges that can break the monololy being held by the big three (my opinion) that is poloniex,bittrex and bitfinex

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November 11, 2017, 04:51:42 PM
 #138

It's sad, but i hope they allow people to withdraw before the said closure and inform people that have accounts with them

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November 12, 2017, 12:00:42 AM
 #139

im not usually use nova but still bad news cause nova was one of big exchanger
I'm glad that they are closing because they used to have coins that were junk, promoting them to the people that have no money to spend on crap.
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November 12, 2017, 12:54:32 AM
 #140

Strange that so many are sad when it doesn't close forever. Although we don't know the reason why it's going to get new owners.
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November 12, 2017, 01:03:33 AM
 #141

This is going to happen in the month of April. But even with the clear official statement from Novaexchange itself that the closing of the trading site is still scheduled in April, people are already in the panic mode and pulled out all their coins from Novaexchange the minute the statement is released, causing a very tight traffic. Everyone has ample of time actually. We are still in November. Also, it will just shift hands. Another owner will take over.



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November 14, 2017, 07:30:49 PM
 #142

https://www.facebook.com/thenovaexchange/posts/811185912376447

"We are negotiating with new owners if we can avoid closing NovaExchange and instead allow them to migrate users and balances. More information will be published as soon as we know for sure what will happen."
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November 14, 2017, 07:39:49 PM
 #143

I think Nova exchange has done well by informing her customers on time before the ownership swap. I have gone and convert all my tokens to BTC and was waiting for the right time to enter and make it big.

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November 14, 2017, 07:43:59 PM
 #144

Really sad that nova is closing. An era is ending, I loved the MOON markets and all the unique altcoins!

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cryptogeek101
Sr. Member