About Bitnomics
Bitnomics.co is an online crypto exchange platform, safe-guarded by cutting-edge technology, constantly monitored, challenged, tested, and upgraded.
Based on the information available on its website, the company’s main mission is to become a leading name in the world of cryptocurrency exchange services, and a top preference for private and corporate crypto enthusiasts.
Founded in Estonia, the exchange is licensed by the local financial regulator there. In that sense, Bitnomics serves as an example to the rest of the industry, showing that it’s possible to operate in the digital assets space while also ensuring great protection for customer funds.
At a time when several big exchanges have already gone bust, it’s worth finding out why this one doesn’t seem to be gaining popularity.
Exchanging crypto
If you want to buy Bitcoin, then you’re in the right place because this is one of the cryptocurrencies covered by Bitnomics. On top of it, Ethereum can be bought/sold as well.
If you wish to create an account, you should know that the rates offered by this exchange are very attractive, in comparison to what other exchanges offer.
To execute an exchange operation, you need to click on the “Buy” button, enter the amount, currency type, and the target wallet address where Bitnomics will send tokens after the transaction is settled.
Everything looks pretty simple and even if you haven’t done anything like this in the past, the interface is intuitive enough to understand.
KYC requirements
As a licensed exchange, Bitnomics established several rules that you need to be aware of. Before proceeding with a transaction, your account must be fully verified. The KYC process depends on the amount you want to exchange, and you can find the exact details about that on the website.
For example, if the order amount ranges between 200 – 14,999 EUR, you should upload:
- An ID/passport/driving license
- Proof of residence
- Live identity verification (for non-EU citizens only)
- Declaration of crypto purchase
The table above shows exactly what you need to upload, in order to meet the requirements, set out by the exchange. Note that these are mandatory, and there is no way around it. On the other hand, these regulations ensure that your funds are handled with maximum security and privacy.
Support and Education
Bitnomics seems to have gone all out when it comes to customer support and education. For any exchange-related questions, you can engage with one of their representatives using the live chat feature, or the phone and email details given.
On top of that, the exchange offers educational articles on its blog, as well as customized assistance for people with little or no experience in crypto exchange. There is even a section on their website with instructions on how to pass the verification process without a hassle.
Conclusions
Bitnomics seems like a competitive exchange, and it certainly does its share of the work when it comes to professionalism. This seems like a very attractive exchange, especially if you are interested in Bitcoin and Ethereum.
Be aware, though, that the exchange is not a wallet provider, so you need to acquire a personal wallet beforehand, to where Bitnomics can send the tokens you buy after a transaction is completed.
Bitnomics Rating
