A Safe Platform To Trade Your Cryptocurrency

FinanceFeeds Editorial Team

We’ve all probably wondered at one point in time if we should even bother with cryptocurrencies. Judging by the rapid demand for cryptos, it seems that it’s only just the beginning. Once we’ve established and decided that ‘of course’ cryptocurrencies are a market worth delving into, there comes the hardest question of them all: which crypto exchange should I go with?

There are many variables to consider before choosing the ideal crypto platform to commence or continue your crypto trading experience. Many beginners may look for a user-friendly and intuitive interface to get them going, whereas experienced traders may prefer more reliable options in terms of their strategy and the quantity of cryptocurrencies available.

The most important factor to consider when navigating a crypto exchange is its security element and how well it is implemented. There needs to be full transparency in how an exchange goes about securing its systems and, by default, their customers’ assets.

NAGAX, although a rather new and upcoming crypto trading platform, has already established itself as one of the safest. As an uprising exchange for both newcomers and experienced traders, it has the fastest growing crypto community, with already over one million active users and traders.

We’ve gathered all the reasons why NAGAX is one of the safest platforms to trade your cryptocurrency.

NAGAX’s Security Features

NAGAX offers two-factor authentication and regulations such as KYC (know your customer) and AML (anti-money laundering), to safeguard their users’ accounts, which means that they are obliged to collect all the necessary personal information from their customers to have full transparency.

The platform also has numerous built-in security features that have enabled it to be a safe and reliable trading environment for users around the world. The cryptocurrencies of most users are stored privately on a cloud storage facility to further ensure that their digital assets do not get tampered with.

The NAGAX exchange offers a fully-secured wallet that supports over 1000 digital assets to buy and sell and more than 20 blockchains. The private keys of its wallet are fully protected by being stored via MPC technology (multi-party computation) and encryption protocols that will allow users to feel highly secure with their assets. Additionally, traders have the option of offline storage and a two-factor authentication system. All these extra measures are taken within the platforms’ infrastructure to ensure that customers’ assets are not vulnerable or exposed.

Some other added security measures that are incorporated in NAGAX’s service systems are firewalls that filter traffic that accesses their servers and the use of load balancers to control that their servers do not get overwhelmed by DDoS attacks (Distributed Denial of Service). The platform makes sure to have regular active surveillance and security patches, whenever any sort of vulnerability is suspected on their servers.

Although NAGAX is still one of the newest crypto trading platforms available, it has already become rather popular among beginners and expert traders. The extra security measures taken and features that have been implemented to reassure their customers’ safety and transparency are fundamental elements in gaining their users’ trust, as they are quintessential in ensuring that your funds, and the infrastructure that supports them, are fully protected by any means possible.

All in all, choosing the right cryptocurrency exchange can be a tricky process. The key to entering the crypto markets is to acquire as much knowledge and experience as possible. Due to the volatile nature of cryptocurrencies, it is best to be equipped with a clear understanding of all the terms and concepts that surround this new market, and be thorough in your research, so as to determine which one offers the more reliable, trustworthy and secure infrastructure.


Risk Warning: Cryptocurrencies are highly volatile and trading can result in the loss of your invested funds. Before investing you should be aware that cryptocurrencies may not be suitable for all investors. You should therefore carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and not invest money that you cannot afford to lose.

Read this next

Institutional FX

Euronext reports double-digit growth in FX volume

Pan-European exchange, Euronext has reported a 10 percent rebound in the average daily volume on its spot foreign exchange market. The ADV figure stood at $19.6 billion in January 2022, which is up from December’s $18 billion.

Digital Assets

Voyager subpoenas FTX’s inner circle over Alameda loan

Bankrupt crypto broker Voyager Digital, represented by law firm Kirkland & Ellis, is seeking court approval to subpoena Sam Bankman-Fried’s inner circle, as well as Alameda Research’s former executives.

Retail FX

AvaTrade seals sponsorship deal with F1’s Aston Martin team

Dublin-based forex broker AvaTrade today announced that it has concluded a sponsorship deal with Formula One’s Aston Martin Cognizant team that entails sponsorship rights and other marketing benefits.

Executive Moves

M4Markets onboards Invaxa CEO Marios Antoniou as COO

Seychelles-regulated brokerage firm M4Markets has appointed Marios Antoniou, who has a colorful career within the foreign exchange industry, in the capacity of its Chief Operations Officer.

Digital Assets

GK8 now allows clients to control their digital assets as they would their fiat

“As the institutional market is increasingly turning to self custody, our policy engine empowers them to automate transactions, approvals, and even crucial workflows, while providing the highest degree of security, consistency, governance and control.”

Digital Assets

Retail CBDCs in the UK: “Welcomed” by CryptoUK and R3, but “Dystopian” for ETC Group

“At this stage, we judge it likely that the digital pound will be needed in the future. It is too early to decide whether to introduce the digital pound, but we are convinced preparatory work is justified”, said the BoE and HM Treasury.

Institutional FX

Centroid taps Iress API to provide retail brokers with real-time market data

“It has always been a challenge to have an efficient, elegant solution for market data and order execution for retail brokers, but with Iress we have found absolutely the right partner to add to our client offering.”

Digital Assets

Ramp launches FCA-approved off-ramp product, onboards Brave, Trust Wallet, Ledger

“To obtain and maintain our FCA registration, we must meet and operate within their strict anti-money laundering and counter-terrorist financing standards. This is a huge achievement for us, as compliance is a cornerstone of our business and what we stand for.”

Institutional FX

State Street launches FIX API for Fund Connect ETF platform

“Expanding from proprietary APIs to the FIX industry standard will bring us closer to our goal of 100% digital interactions. This is another example of innovations we’ve brought to our operating model as we celebrate 30 years of servicing ETFs since the launch of SPY.”