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NEBULA EXCHANGE: A CRYPTOCURRENCY TRADING PLATFORM FOR THE NEXT GENERATION


Nebula Exchange is a cryptocurrency exchange based in Singapore that will be offering leveraged trading on cryptocurrency pairs. For now, however, it is still in beta and is not operational. However, it seems to have big plans and makes some impressive promises. One of the main distinctions would be that Nebula Exchange will offer the smaller altcoins that cannot afford to appear on the major exchanges, the opportunity to get listed on its platform, for a small fee.

Nebula Exchange advantages

Leverage. Nebula Exchange will allow for users to trade with up to 1:10 leverage through the use of derivatives, which can be quite attractive for more dedicated traders and is a service similar to that of many regulated forex brokers who offer margin trading on cryptocurrency CFDs. The nice thing about Nebula Exchange is that a client can use their account both for buying and selling cryptos and for leveraged trading.

Demo. There is a nice demo of Nebula Exchange’s trading platform, with charts from TradingView, depth of market, order book, etc.


Fiat trading. Nebula Exchange will also offer the option to buy and sell cryptocurrencies for fiat – EUR and USD, with a simple KYC procedure and secure deposit options.

Wallet. Nebula Exchange will also offer a multi-signature wallet, with the option to store, send and receive cryptocurrencies.

Coins. Although we could not find a definitive list of the coins available for trading on Nebula Exchange, we notice that there will be some more obscure tokens and altcoins that seldom appear on other exchanges, if at all, in addition to the popular ones like Bitcoin, Ether, etc.

Proposals. In the light of Nebula’s intentions to offer a platform for obscure coins, developers have the option to propose their coin for listing, by filling in a brief form on the site.

Ratings. Traders will be able to vote and rate the various projects and coins on the exchange, similarly to products ratings in online stores like Amazon. Thus scams, worthless investments, pump & dumps, and projects with no substance, clear vision, and strong developers will receive poor ratings, giving newcomers and casual traders a more efficient method of segregating projects.

The altcoins and projects with high ratings will be rewarded with free advertising on Nebula’s front page.

Security. Nebula promises multi-signature encrypted cold storage of client funds, in order to prevent hacks and thefts.

Mobile apps. In addition to everything else, Nebula promises the launch mobile application for Android and iOS devices that will enable clients to trade on the go. This is still in the works, though.

Nebula Exchange disadvantages

Beta. As we already said Nebula Exchange is still in beta mode and cannot be used for now. It allows sign-up, but it only adds you to a waiting list for a private beta that is yet to be launched.


Timeline. There is no definitive timeline about when Nebula Exchange is planning to launch its full operations, except some vague promises to do so in April 2018, made on its Facebook page. According to previous reports in NewsBTC, the exchange was going to launch in March, but obviously, it has been postponed.

Nebula Exchange Features

  • Security

Safety is the first thing on every trader's mind and rightly so. At Nebula, they have the following measures in place to keep their user's funds safe:

  • DDoS protection from Cloudflare
  • Password combined with 2-Factor Authentication for login and withdrawals
  • Combination of Multi Signature Hot and Cold Wallets will be used to ensure that user funds remain safe and accessible
  • Audit of all smart contracts
  • Security Audit and Penetration Testing by leading security consultants
  • Trading Platform

Nebula trading platform is robust enough for high frequency seasoned traders and simple enough for new traders. Some of the main features are:

  • Ability to register up to 1,000,000 transactions a second
  • Professional charts licensed from TradingView
  • Limit, Market and Stop Loss orders.
  • Exportable Trade and Order History
  • Multi-Sig wallets with 24/7 monitoring
  • Up to 10x leverage with Margin Trading

ICO Details

  • Token symbol: NESC
  • Token type: ERC20
  • Total tokens: 100 million tokens
  • ICO supply (private & public): 75 million tokens
  • Soft cap: 500,000 USD
  • Hard cap: 20,000,000 USD
  • Price: 0.4 USD
  • Projected sale date: TBA

Conclusion

Nebula Exchange looks very promising and will have some really nice features, as long as it finally launches its operations. For now, it is only making promises and postponing the start.

We find the low fees particularly attractive, as well as the possibility to invest in obscure, but promising crypto projects, which are not listed elsewhere. We also like the leveraged trading option.

What we do not like much is the fact that there is no detailed information about the option to buy and sell cryptos for fiat and the deposit methods, but hopefully this will be clarified once Nebula launches.

More information can be found at the link below:


NEBULA EXCHANGE: A CRYPTOCURRENCY TRADING PLATFORM FOR THE NEXT GENERATION NEBULA EXCHANGE: A CRYPTOCURRENCY TRADING PLATFORM FOR THE NEXT GENERATION Reviewed by haw on July 03, 2018 Rating: 5

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