Novaexchange announced on its site, that they are not closing. That is great, because it was one of my favorite exchangers for buying ne/exotic coins. Withdrawals work like usual and are fair, except Bitcoin withdraw fee: It is over 0.002 BTC. But that is no problem, because we just can exchange to another coin.
But deposits are disabled on all coins. And trollbox seems still not to be very active.
But deposits are disabled on all coins. And trollbox seems still not to be very active.
Nova never was closing. Even when people said that they were closing, what they did in reality was actually send out an email saying that they will be pausing and handing over operations to a new administration team.
That's not how I remember it. When they first posted the announcement, this is what it said:
Quote
2017-10-30 12:09 - Intimation of closure of Novaexchange
Kindly note "Novaexchange" will have new owners and management effective April 2018, with major upgrades to the exchange to better handle scaling, stability and security.
For better management and security of customer funds we have decided to close down Novaexchange so that the users can withdraw all their funds with no participation/responsibility of action of the new management.
Preliminary plan:
2017-10-30 This information goes public, user registration closes, addcoin page closes, disabling deposits of ETC and ETH
2017-11-30 Deposits disabled for ALL coins, all users get level 3 verified account level
2017-12-15 ONE last deposit scan to take care of deposits made after 2017-11-30
2018-01-31 Email reminder to all registered users
2018-02-28 Trading engine stops, dice game stops, API stops
2018-03-31 Login stop, website replaced with information
2018-04-15 Support closes, all Novaexchange user data removed
Remaining user balances that has not been withdrawn before 2018-04-01 will be considered a donation and is not refundable.
Kindly note "Novaexchange" will have new owners and management effective April 2018, with major upgrades to the exchange to better handle scaling, stability and security.
For better management and security of customer funds we have decided to close down Novaexchange so that the users can withdraw all their funds with no participation/responsibility of action of the new management.
Preliminary plan:
2017-10-30 This information goes public, user registration closes, addcoin page closes, disabling deposits of ETC and ETH
2017-11-30 Deposits disabled for ALL coins, all users get level 3 verified account level
2017-12-15 ONE last deposit scan to take care of deposits made after 2017-11-30
2018-01-31 Email reminder to all registered users
2018-02-28 Trading engine stops, dice game stops, API stops
2018-03-31 Login stop, website replaced with information
2018-04-15 Support closes, all Novaexchange user data removed
Remaining user balances that has not been withdrawn before 2018-04-01 will be considered a donation and is not refundable.
It never made sense to me. If they were deleting all user data, what value would be transferred to a new management team? The whole thing seemed fishy. It seems like the deposit closure may have been a way for Nova to manipulate prices for whatever reason. At this point, the exchange is deserted because of the way they announced the closure. I'm not sure how they will get their user base back now that so many new exchanges have come online.
