Cryptonicks Review
- Exchange platform has advanced features
- Not regulated
- Very poor website and trading platform
- Not transparent with fees whatsoever
- Very poor customer service
Cryptonicks is a relatively unheard-of cryptocurrency exchange that seems to have come into the cryptocurrency scene from nowhere. The exchange has barely any information regarding its services and its background. As well, the exchanges establishment date among other things regarding Cryptonicks is unknown. What we do know, is that Cryptonicks is owned and operated by Intl-Sec Limited OU, whose company headquarters are located at Estonia pst 11 10153 Tallinn. However, on the Cryptonicks contact page they claim to have their primary headquarters located at Rue du Rhône 70, 1204 Genève, Switzerland. Cryptonicks is not a regulated exchange but claims to be regulated in the European Union. To us this is a red flag when an exchange claims to be regulated but in fact is not. It’s not clear whether Cryptonicks is a legit exchange or a scam, but in the following review we’ll delve deep into the aspects that make up this cryptocurrency exchange and see what sets Cryptonicks apart from the competition and whether or not they can be trusted.
Trading Platform
Cryptonicks features their very own proprietary web-based trading platform. The platform is quite buggy and fairly slow, yet it is highly advanced. The design is somewhat cluttered and difficult to understand, but after some fooling around, traders should be able to figure it out. As I mentioned, the trading platform is very advanced and supports various features, see them listed below.
- One-click trading for instant execution of trades
- Over 60 technical indicators so that traders can visually analyze trades
- Over 50 drawing tools and functions which makes analysis more efficient
- Built in economic calendar so that traders stay up to date with the latest market moving news
- Custom market alerts via email or SMS messaging
- Advanced order placement (stop loss & take profit)
While the trading platform may be advanced, it is very badly designed and excruciatingly slow to use. We do not recommend the Cryptonicks trading platform, no matter how advanced and sophisticated it seems.
Exchange Markets
Cryptonicks is a cryptocurrency exchange featuring the buying and selling of popular cryptocurrencies for other cryptocurrencies as well as fiat currencies. It is not stated anywhere as to which fiat currencies are supported, but deposits and withdrawals can be made with Credit Cards and Skrill. However, these payment gateways might just be a way to scam traders out of money if Cryptonicks is in fact a fraudulent cryptocurrency exchange.
As for the cryptocurrencies available to trade, we believe that Cryptonicks offers the trading of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Neo (NEO), Dash (DASH), and Ripple (XRP). However, we do not know which pairs these cryptos can be traded with, and they do advertise other cryptocurrencies throughout the site.
Fees and Commission
Unfortunately, there is no information regarding the associated trading fees or commissions. The website is lacking so much information and doesn’t even have an FAQ page, terms and conditions, etc.
Security and Fairness
We don’t imagine that Cryptonicks is very safe, fair, or secure. The exchange is virtually unknown and has barely any real user reviews. Everything about Cryptonicks screams scam to us, however, we do not know for sure. We do not know what kind of security measures Cryptonicks utilizes, however, we do know that the website is an SSL Comodo trusted site. Cryptonicks is not regulated and has no reputation for themselves. We strongly advise traders to avoid this exchange as there are too many unknowns about them.
Support
Customer support is available via email and telephone 24 hours a day, 7 days a week. Cryptonicks has 7 different telephone number traders can call from the following countries; Switzerland, Sweden, Norway, Australia, Singapore, France, and the United Kingdom. While this is a large variety of support numbers, upon calling and emailing Cryptonicks we received no responses. Therefore, we do not trust this exchange and the level of customer support is terrible.
Conclusion
Cryptonicks is a relatively new cryptocurrency exchange with very little information about the exchange, about the services they offer, and whether or not they can be trusted. To us, Cryptonicks appears to be a fraudulent or very poor cryptocurrency exchange. We advise traders to seek other cryptocurrency exchanges as there are many other reputable exchanges out there.
Cryptonicks Q&A
The following are the common questions that customers inquired about Cryptonicks.
Is Cryptonicks regulated?
No, it is not regulated. However, they claim to be regulated even when they are not. This is a red flag to stay away.
Is Cryptonicks a scam?
We think so, Cryptonicks appears to be a fraudulent or very poor cryptocurrency exchange. We highly recommend avoiding this exchange.
Where is Cryptonicks based?
Cryptonicks is located at at Estonia pst 11 10153 Tallinn but claims to have a head office in Switzerland located at Rue du Rhône 70, 1204 Genève, Switzerland.
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