NBX, or the Norwegian Block Exchange, is a Norwegian crypto exchange company headquartered in Oslo with a customer base throughout the Nordic countries and beyond. This entity has been regulated by the Norwegian Finanstilsynet (FI) since June 2019.
How come such a renowned exchange found itself in one of our reviews? We noticed the growing number of complaints against this exchange, which could be an indication of substandard services or distasteful practices, to put it lightly. Learn more about this exchange in our NBX Review.
On the legal front, the NBX is pretty solid but that does not mean that issues cannot appear. If you are experiencing withdrawal issues, you can contact us for help.
Traders complained about the withdrawal process taking way longer than expected. Take these reviews into consideration if you are still interested in trading on the Norwegian Block Exchange NBX.
They promised they were going to refund me and it will take up to 10 days to receive the refund, waited 2 weeks no refund. customer service they refused to do anything about it. Their agents are only capable of reading scripts or repeating everything you say…
I made a withdrawal on the 2022-03-19 and uptill now my withdrawal is still pending, I’ve contacted the customer service several times but no field back.
They have a very poor customer service, at this time I think this company is a fraudulent company.
I have been using this company few times in the beginning it was very easy but on the 11-02 i made a transaction to myself and it has been pending ever since…
The NBX registered with the FI in June 2019. We did some research to find out who are the clients of the NBX. The majority of NBX users reside in the following countries:
As we already mentioned, the NBX opened offices in Canada and Lativa to expand the range of business. However, the US and Malaysia and different domains in which specific rules and regulations apply.
For convenience, the NBX included a mobile app that can be used to trade cryptos while away from the keyboard. This app can be downloaded on both Android and iOS system phones.
Mobile trading has numerous advantages such as trading on the go and enabling the user to quickly react to market movements. It can be very useful at times.
The NBX offers exclusively crypto token trading. All of the popular, mainstream and alternative coins are available. These tokens can be traded against the three Nordic currencies (NOK, SEK, DKK) plus the euro. Here’s a short list of some of the available cryptocurrencies the NBX platform includes:
Per the NBX website, all deposits, including crypto transfers, are free of charge. Traders are charged a 0.7% trading fee and receive a favorable market spread. The company also offers over-the-counter (OTC) personalized service for customers that need to fill larger orders. The OTC desk is available for orders larger than 50,000 EUR.
The NBX Visa credit card is a unique credit card that offers rewards in Bitcoin to its users. Clients can earn BTC on purchases, and exchange it for currency such as NOK, SEK, DKK, EUR, or other crypto coins on the company’s platform.
This Visa card is issued by Enfuce, which is licensed by VISA Europe Limited. Traders are encouraged to save in BTC in order to earn up to 4%. The NBX Visa credit card has a built-in chip and PIN code. Security can be optimized on the NBX app with features such as a FaceID scan.
The NBX Visa credit card is available to customers in Norway, Sweden, Denmark and Finland and can be used in more than 40 million stores worldwide.
When it comes to calculating the commission a trader receives for a referral, the company says it “will be estimated in accordance with the applicate rates, and relates to the fees the referred customer pays to NBX the first 52 weeks after the referred customer is verified.”
The NBX claims to have more than 32,000 clients and 30+ team members. The trading volume of this company reportedly exceeds one billion NOK (94,673,000+ $). However, these claims should be taken with a grain of salt. You can always contact us if you are experiencing issues.
By doing this, the company promises you will get around a 4% yield for your holdings without doing anything. You do not risk any deduction of funds through staking, according to the NBX.
Deposits can be made via credit/debit cards and wire transfers. The available deposit methods include:
The NBX minimum deposit amount depends on the currency chosen for the payment. For crypto and NOK, the minimum deposit has not been set while for other methods, it’s 5 EUR, 50 SEK, and 35 DKK. There are no deposit fees.
The minimum withdrawal for BTC is 0.0014 (35.75 $) and the fee is 0.00035 BTC (8.94 $). The company also says that credit card purchases carry a 0.7% trading fee (taker) and a 4.5% commission fee on our end, although additional fees may be charged by the card issuer.
To sum up, the NBX is a reputable Norwegian crypto exchange that has been effectively operating since 2020. The main customers of this exchange are traders from the US, Norway, and Malaysia.
Although the NBX is regulated by the Norwegian FI, that does not mean that issues are impossible. Some traders have had trouble withdrawing funds from the NBX, stressing that the waiting time is pretty long and that the company is not very responsive. In case you have problems withdrawing money or recovering your funds, feel free to inform the regulator about it or contact us for help.
Book a free consultation with our team today and we will solve your issues.
The Norwegian Block Exchange (NBX) is a digital asset exchange based in Norway with offices in Canada and Latvia.
Yes. The NBX is regulated by the Norwegian financial market authority – Finanstilsynet.
They should be. However, in case you’re having issues, please inform the FI about it. Or contact us for help.
The NBX is exclusively a crypto trading exchange. You cannot trade CFDs on this platform.
The Norwegian Block Exchange (NBX) is a digital asset exchange based in Norway with offices in Canada and Latvia.
Yes. The NBX is regulated by the Norwegian financial market authority – Finanstilsynet.
They should be. However, in case you’re having issues, please inform the FI about it. Or contact us for help.
The NBX is exclusively a crypto trading exchange. You cannot trade CFDs on this platform.
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