What Is NAGAX? A Beginner’s Guide


There are several online crypto exchanges to choose from, but NAGAX aims to separate itself by providing an all-in-one platform. You could say it’s crypto made social.

NAGAX is a cryptocurrency exchange focused on bringing crypto into the social trading space. The platform enables you to easily buy, sell, and store various cryptocurrencies, thanks to its secure and seamless wallet. Additionally, NAGAX provides an NFT Marketplace, social feed, mobile apps, and free crypto education for all.

Below I explain what NAGAX is and how its platform is separating itself from the pack of other cryptocurrency exchanges.

What Is NAGAX?

Using the powerful NAGAX Wallet you have access to a range of services, like storing over 700 different assets, buying, transferring, and selling cryptocurrencies. The platform offers low transfer fees and top-tier security measures, allowing you to purchase over 100 assets, in addition to its unique VIP Levels to offer you lower fees and increased staking rewards.

Furthermore, NAGAX’s iOS and Android apps allow you to easily access, buy, sell, and hold 80+ cryptocurrencies. Within the app, you’ll enjoy the NAGAX Academy which features videos and articles that help you learn more about crypto, blockchain, NFT, and DeFi. Additionally, the NAGAX Feed enables users to connect with like-minded traders by posting, sharing, and learning about the latest news in the crypto market.

Considering NAGAX is closely connected to the well-established NAGA Group AG, it has already fostered the support of its 1 million-plus users. That being said, NAGAX is diving headfirst into the world of Web3 with its built-in NFT Marketplace and crypto-staking.

One of the key benefits to NAGAX is its desire to make crypto social. Social trading is a form of investing that allows you to observe the trading behavior of more experienced traders so that you can follow their investment strategies.  

As well, NAGAX aims to not only be a platform that provides crypto-related products and services but it’s also intended to help others by offering free, high-quality entertaining and educational material on its YouTube channel and the NAGAX Academy.

To learn how to set up your own NAGAX account, watch this 55-second video below.

How to create an Account on NAGAX

You can buy crypto on NAGAX using your credit/debit card, the stablecoin USDT, or via the exchange with other held crypto.

Now, let’s break down everything that NAGAX has to offer its users.

NAGAX Wallet

The NAGAX Wallet provides you with the easiest way to buy, sell, exchange, and hold the most popular cryptocurrencies. It’s super secure, fast, and has some of the best offerings for withdraws, deposits, and general fees.

  • Mobile integration – NAGAX’s mobile app allows you to easily buy, sell, and hold 80-plus cryptocurrencies using its built-in wallet. This allows you to take your assets anywhere and access them anytime.
  • Secure – The NAGAX Wallet is protected with a multi-layer technology that combines the latest breakthroughs in multi-party computation (MPC) cryptography with hardware isolation. In addition, NAGAX’s private keys are encrypted and there’s nearly no single point of compromise from both interior and external threats.

NAGAX NFT Marketplace

The NAGAX NFT Marketplace aims to seamlessly connect NFT creators with collectors. Easily create your own storefront and showcase your collection to sell it to an amazing audience of collectors and traders. Users can mint completely for free on the NAGAX private blockchain. The NFT Marketplace also offers users the option to mint on the public and globally connective Ethereum blockchain for a small fee.

The NAGAX NFT marketplace aims to seamlessly connect NFT creators with collectors. Easily create your own storefront and showcase your collection to sell it to an amazing audience of collectors and traders.
NAGAX NFT Marketplace

To get started with the NFT Marketplace simply follow the steps below:

  1. Create your NAGAX account in less than a minute and complete your verification.
  2. Connect your MetaMask Wallet
  3. Apply to host your own storefront or be a creator. 
  4. And welcome to the digital world of art!

It’s that easy.

Stake & Earn

NAGAX’s Staking feature is an easy way to earn up to 8% APY by simply holding your crypto and staking your coins. It allows users to earn effortlessly in a passive way without having to trade! 

Also, if you are a holder and buy NGC, you get greater APYs when staking some of the most popular coins.

The benefits of staking coins on NAGAX include: 

  • Flexible staking time with a minimum of 14-days.
  • Stake 10+ of the hottest crypto assets.
  • No staking minimum.
  • No fees, just rewards.

To Stake & Earn on the NAGAX platform follow these three easy steps.

  1. Get Some Crypto –  To get started, you will need to fund your NAGAX Wallet with your choice of crypto that you want to stake. 
  2. Stake Your Coins – You can stake for as little as 14-days or for as long as you want. 
  3. Earn Interest – Once you withdraw your crypto, you receive your staking bonus immediately. 

Staking rewards are calculated on an annual basis (APY). For example, if the BTC staking return is 4% and you stake 100 BTC for the full 365 days without taking a partial amount out, you are subject to earning 4 BTC. If you choose to stake for only 14-days, then the rewards are calculated on the yield for just the time staked.

NAGAX currently provides the following assets for crypto staking: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Tether (USDT), USD Coin (USDC), Axie Infinity (AXS), Polygon (MATIC), Cardano (ADA), Polkadot (DOT), and APECoin (APE).

Staking your crypto using NAGAX is completely safe and actually improves the strength and security of the blockchain. When users participate in the transaction validation process through staking on the Proof of Stake (PoS) consensus mechanism, the blockchain becomes more secure. To read more about staking and the PoS algorithm, check out NAGAX Academy.

Moreover, you can withdraw your staked crypto anytime. NAGAX does not hold or lock your coins. If you withdraw the staked assets before the minimum staking time, then the reward is simply not granted.

If you withdraw a partial amount of the staked coins, the crypto that is left within the staking vault is still subject to rewards based on the amount that is left.

NAGA Coin (NGC) is NAGAX’s native utility token. NGC is the currency that connects their all-inclusive social trading ecosystem. Users can purchase NGC to enter the exclusive club and become VIP members today to save up to 87% in areas like fees, staking, trading, and buying crypto.

What Is NAGA Coin (NGC)?

NAGA Coin (NGC) is NAGAX’s native utility token. NGC is the currency that connects their all-inclusive social trading ecosystem. Users can purchase NGC to enter the exclusive club and become VIP members today to save up to 70% in all areas of investing, trading, and buying crypto.

NAGA Coin (NGC) is NAGAX’s native utility token. NGC is the currency that connects their all-inclusive social trading ecosystem.
NAGA Coin (NGC)

The main benefits of being an NGC holder include:

  • Earn more on crypto staking

Stake your coins and earn up to 8% more by just holding your crypto. Earn interest and get even more rewards in staking with NAGAX VIP Levels.

  • Save more when you buy and sell crypto

You can save up to 87% on fees with 100+ of the hottest crypto assets by just owning NGC and being a VIP member at NAGAX.

Is NAGAX Safe?

NAGAX is considered to be a safe crypto exchange. It abides by strict regulations like KYC (know your customer) and AML (anti-money laundering) for the safety of users. In addition, data is privately stored on reputable cloud storage facilities, and the wallet is protected using MPC and hardware isolation technologies.

NAGAX is considered to be a safe crypto exchange. It conforms to strict regulations like KYC (know your customer) and AML (anti-money laundering).
How safe is NAGAX

To be more specific, NAGAX ensures its users’ safety by:

  • Storing data privately on reputable cloud storage facilities.
  • The service uses firewalls to filter traffic accessing its servers.
  • Load balancers ensure that servers are not overwhelmed through DDoS (Distributed Denial of Service) attacks.
  • The NAGAX Wallet is protected using MPC (multi-party computation) and hardware isolation technologies.
  • Sensitive information such as your private keys and KYC data is encrypted to avoid compromise in the event of unauthorized access.
  • NAGAX maintains constant security surveillance and quick application of security patches whenever a vulnerability has been discovered.

Apart from the fact that NAGAX offers an all-in-one crypto exchange platform that’s extremely secure, it’s closely connected to an existing and established brokerage, with a large, vibrant community.

There’s no doubt that NAGAX is destined to become a trailblazer in the Web3 space. By aiming to integrate social trading with a crypto world, and implementing its own NFT Marketplace, Staking, Mobile Apps, and Copy Trading in the near future, NAGAX is destined to become the go-to platform for newbies, experienced traders, and influencers.

AlexWGomezz

Alex is passionate about informing others on Web3 tech. He previously worked for Gary Vee at ONE37pm as his Web3 writer and has written for other media outlets including Voice. Alex is an avid researcher and investor in the Web3 space and strives to help others while keeping a curious mind.

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