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NERAEX Review - is it scam or safe?

NERAEX Review - Is scam or safe cryptocurrency exchange?



Trading Accounts & Conditions

Account type Leverage Maker Fee Taker Fee Deposit Fee
Standard 1:1 0.05% 0.05% Free

NERAEX is an entry-level cryptocurrency exchange, which is quickly gaining popularity in the Land of the Rising Sun. While Japan is one of the few countries to regulate the sector, this company is not overseen by the FSA, at least at the time of writing. They still have an interesting offer, which we will explore in this review.

NERAEX Advantages

Solid security measures
– NERAEX stores its clients’ coins in cold wallets. Two-factor authentication (2FA) is also available. These measures are also implied by some of the most trusted exchanges, so one can be relatively satisfied with security.

Low costs of trading – all Bitcoin transactions on this exchange are charged with a 0.05% fee. Altcoin trading is twice as expensive, at 0.10%. That being said, both of these levels are much lower than the industry average of around 0.20-0.25%. Here is the full list of fees:

No deposit fees – as you can see from the table above, NERAEX does not charge a deposit fee. This is pretty much the norm, when it comes to cryptocurrencies, but keep in mind there will most likely be blockchain costs involved with you making a transfer. The same basically goes for the banking sytem -  fees will be in place, but not collected by the exchange.

12 trading pairs – for an entry-level exchange, this is quite a substantial offer. Even more popular companies, like Coinbase, offer fewer coins (although this example is not that accurate as Coinbase and GDAX are owned by the same entity). The full list available at NERAEX includes: BTC/JPY, ETH/JPY, HSR/JPY, SKB/JPY, RSS/JPY, EOS/BTC, SNT/BTC, OMG/BTC, PAY/BTC, KNC/BTC and SKB/BTC.

JPY banking – NERAEX accepts bank transfers in Yen. This makes them yet another convenient option for Japanese potential traders. That being said, they not be that attractive for foreigners.

>>Exchanges accepting credit cards<<

Nice platform – trading at NERAEX is done through a web-based platform, which we find rather enjoyable. Unlike many others the layout appears to be designed by somebody who has actual trading experience. Focus is placed on the charts and order book, while the active positions are placed in the bottom. Here is how it looks (click to zoom):


NERAEX Disadvantages

Based in Japan, but not regulated – the most obvious downside to this exchange, is that despite being based in one of the few countries to regulate Bitcoin, they are not registered with the local authorities. That being the case, they may be in the application process at the time of writing.


No leveraged trading – margin is not provided at NERAEX. While some other Japanese exchanges do offer it, the ratios are rather low for aggressive traders. Those looking for higher “gearing” are welcome at some forex brokers.

>>BTC Forex brokers<<

These companies provide the so called Contacts for Difference (CFDs). Trading with such instruments doesn’t grant you ownership of any coins, but of an asset which only follows the respective price movements. This means you will not be able to send anything for a payment, but only speculate with the price. For the full story, check this article.

Withdrawal rules – on top of the fees for transferring coins out of the exchange, there are several additional rules. There are daily limits, and while they are rather high, some big traders will not enjoy them. More importantly, one could basically not withdraw more than he has deposited to the exchange, limiting the opportunity for arbitrage traders. Here are all the details as mentioned on the website (we apologize for the poor translation):

No user feedback in English – this exchange is yet to gain much popularity out of Japan, so finding user reviews is hard. We like to take a peek at them and while basically all compnies are criticized in one way or another, some are much worse than the rest.


NERAEX is a Japanese cryptocurrency exchange, which accepts local bank transfers. At this point in time they are not regulated by the Financial Services Agency (FSA), which makes them less credible than some of the local counterparts. On the other hand the trading conditions and platform are fine.

Keep in mind, the reason why Japan started regulating exchanges is to prevent scammers from taking their client’s funds. As the popularity of Bitcoin grows, so does the number of online charlatans looking to take advantage of the naïve. We are by no means blaming NERAEX, but if you are looking to trade crypto in a secure environment, be sure to look at the highly regulated forex brokers, which offer this asset clas.

>>Regulations for Bitcoin forex brokers<<

Here are the key points about NERAEX:

Pros Cons
Solid security measures Based in Japan, but not regulated
Low costs of trading No leveraged trading
No deposit fees Withdrawal rules
12 trading pairs No user feedback in English
JPY banking  
Nice platform  


Latest news about NERAEX
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Traders` reviews for NERAEX
















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Scam exchange

Exchange did not credit my deposit, no response from support, and apparently they blocked my IP....what do you call it? some people told me this is a traditional way of stealing money from traders.......typical scam.

Hazem 08/29/2019

Scam of of Japan and of Hong Kong is a scam run a man from Beijing name Gao. The website name is The company on the website is listed as Bobao Technology Company LTD. This is a fake company and is not registered in Japan.

Gao also has a website/exchange in Hong Kong This is also a scam with the website company name listed as the Hong Kong Bobao Technology Company. There is no company registered in Hong Kong under this company name.

Gao however, has registered a company in Hong Kong named:
Brock International Group Company Limited. In Hong Kong CR number 2165123

Therefore as one can see both of this website or exchange platforms are scams and possibly doing money laundering in Japan and Hong Kong.

At the present time, Gao is using as a scam with fake news to cheat people in China with a stolen IP and crypto-currency, 1worldblockchain LLC (1world) company name, Wotoken e-wallet, and with criminal act of stolen property of WBD token mother e-wallet Apple company from 1wordblockchain LLC

WBD 11/08/2018


Good service
but Should fix a withdraws. Very long withdrawal

parhthip 08/28/2018
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