The NOVAexchange daily withdrawal limitation is only US$2000. When you submit the withdrawal limitation application to them, they don't give you any feedback.
I and my friend submitted application over 1 week, no feedback, no email reply. NOTHING. We lost a lot of opportunity for buying other coins without withdrawn permission from NOVA.
Should I recommend others use NOVA exchange? NO!
This is indeed the case, but the problems go deeper here. Nova has been reporting that they are under sustained attack: they have switched to manual withdrawals, blocked a wide range of IP addresses, shut down registration for more than one week. People are having a lot of trouble accessing their accounts and withdrawing coins. I really hope they weren't already compromised and this is an exit scam, but that's a serious possibility here.
Is anyone else having this issue?
See these threads for other recent reports of other issues with Nova:
https://bitcointalksearch.org/topic/nova-exchange-community-thread-1606107
https://bitcointalksearch.org/topic/nova-exchange-new-registrations-not-working-2150239
They also made a scary change to their terms recently:
Novaexchange is currently in BETA mode in production mode until further notice. The BETA tag will be removed once all known bugs are fixed and no new bugs encountered for a period of 3 weeks. While BETA tag applies things can go wrong and Novaexchange will in timely matter help the user to restore (if any) digital currencies. A trade that has gone wrong can be reversed during 48 hours of the timestamp of the trade and only as long as the currency remain on Novaexchange, once withdrawn or 48 hours has passed that transaction cannot be reversed.
Be very careful with this exchange. I would advise against sending coins there... and I'd be withdrawing whatever I could right now.