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Important note about liquidity: As seen in Nanu Exchange's case, low liquidity can cause slippage. For larger trades on exchanges with shallow order books like Nanu, prices can swing by several percentage points. This calculator assumes a 0.5% slippage impact for trades over 0.1 BTC.
When looking for a Nanu Exchange review, you probably want to know whether the platform was safe, cheap, and easy to use - and why it vanished in late 2020. Below is a straight‑to‑the‑point breakdown that covers every angle a trader cares about, from fees and liquidity to security flaws and the final shutdown.
What Was Nanu Exchange?
Nanu Exchange was a centralized cryptocurrency exchange launched in 2017 and registered in Brazil. It catered mainly to Brazilian traders, offering a modest selection of digital assets such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP, Tron (TRX) and Dogecoin (DOGE). The platform supported fiat‑BRL deposits and withdrawals, which was a key selling point for local users who wanted to move money between banks and crypto wallets without a middleman.
Trading Volume & Market Share
At its peak, Nanu Exchange reported a 24‑hour Bitcoin‑denominated trading volume of roughly ₿0.98. Bitcoin accounted for 47% of that volume, XRP 26%, and Ethereum 19%. Compared with industry giants that process thousands of BTC daily, Nanu’s numbers placed it in the low‑tier segment of the market.
Fee Structure - How Much Did It Cost?
The exchange used a maker‑taker model that was pretty much in line with the industry average. Makers paid 0.15% per trade, while takers were charged 0.25%. Bitcoin withdrawals cost 0.0008BTC, which matches the global average of 0.000812BTC reported by Cryptowisser. For a trader moving small amounts, those fees felt reasonable, but high‑volume users quickly noticed the impact of limited liquidity on slippage.
Liquidity Challenges
Liquidity is the lifeblood of any exchange - it determines how fast you can fill orders without moving the market. Users on Revain repeatedly complained about "low liquidity" and "price discovery issues" when trying to execute larger trades. Because the order book was shallow, a single market order could swing the price by several percentage points, making Nanu Exchange unattractive for serious traders.
User Experience and Support
Beyond the numbers, the platform’s interface earned a mixed reputation. Some beginners found the basic trading functions understandable, but many reported confusing navigation, broken links, and even a "Taboo" landing page that appeared after the November 2020 shutdown. Customer support was described as almost non‑existent - there were no positive mentions of live chat or timely email responses in the public reviews.
Security and Regulation
Unlike Binance, Coinbase, or Kraken, Nanu Exchange operated without a clear regulatory licence. It required KYC and identity verification for Brazilian users, but there was no evidence of third‑party audits, insurance funds, or cold‑storage disclosures. In a market where security breaches can wipe out portfolios, that lack of transparency added a considerable risk factor.
How It Stood Up Against the Big Players
| Feature | Nanu Exchange | Binance | Coinbase | Kraken |
|---|---|---|---|---|
| Founded | 2017 | 2017 | 2012 | 2011 |
| Daily BTC Volume (≈) | ~0.98BTC | ~5,200BTC | ~2,300BTC | ~1,400BTC |
| Maker Fee | 0.15% | 0‑0.10% | 0‑0.50% | 0‑0.26% |
| Taker Fee | 0.25% | 0‑0.10% | 0‑0.50% | 0‑0.26% |
| Regulatory Status | Unregulated (Brazil) | Registered in Malta, multiple licences | US‑registered, regulated | US‑registered, regulated |
| Supported Fiat | BRL only | USD, EUR, GBP, etc. | USD, EUR, GBP, etc. | USD, EUR, CAD, etc. |
| Liquidity Rank (BeInCrypto) | Score 3, rank ~600‑800 | Score 10, top 10 | Score 9, top 20 | Score 8, top 30 |
The table makes it clear why most traders gravitated toward the larger platforms - they offered deeper order books, lower fees for high volume, and clear regulatory oversight.
Why Did Nanu Exchange Shut Down?
There is no official press release explaining the November 2020 closure. User chatter points to a combination of low liquidity, limited funding, and increasing regulatory pressure in Brazil. When the platform’s daily volume was under 1BTC, it could barely cover operational costs, let alone invest in security upgrades or market‑making services. The timing also coincided with Brazil’s stricter crypto‑law drafts, which likely forced the owners to pull the plug before facing potential fines.
Lessons for Traders and New Exchanges
- Liquidity matters more than branding. Even a well‑priced fee schedule can’t compensate for a thin order book.
- Regulatory compliance isn’t optional if you plan to operate long‑term. Transparent licences attract both users and institutional partners.
- Customer support is a trust signal. Quick response times reduce panic during outages or hacks.
- Providing multiple fiat gateways (USD, EUR, etc.) expands the addressable market beyond a single country.
Where Did Former Nanu Users Go?
Most ex‑customers migrated to domestic rivals like Mercado Bitcoin and Foxbit, or they joined global platforms that support Brazilian reais via third‑party payment processors. These alternatives typically offer higher liquidity, better security audits, and clearer regulatory status.
Quick Checklist: Evaluating a Crypto Exchange
- Verify regulatory licences in your jurisdiction.
- Check 24‑hour trading volume - aim for at least 10BTC for a healthy market.
- Review maker‑taker fees and withdrawal costs; low fees are good, but don’t sacrifice security.
- Test the UI with a small trade - ensure you can navigate without confusion.
- Read recent user reviews for support responsiveness and withdrawal reliability.
Final Thoughts
Nanu Exchange serves as a cautionary tale. It had a decent fee structure and localized fiat support, but low liquidity, weak security practices, and a lack of regulatory footing led to its downfall. For anyone hunting a reliable platform today, the focus should be on liquidity depth, clear compliance, and robust customer service - all areas where the big exchanges still dominate.
Frequently Asked Questions
Is Nanu Exchange still operational?
No. Nanu Exchange stopped all trading services in November 2020 and its website now redirects to a placeholder page.
What were the main reasons for the shutdown?
Key factors included extremely low daily trading volume, insufficient liquidity, limited funding, and growing regulatory scrutiny in Brazil.
How did Nanu Exchange’s fees compare to larger exchanges?
Its maker‑taker fees (0.15% / 0.25%) were roughly on par with industry averages, but the lack of deep order books meant traders often faced higher implicit costs due to slippage.
Which exchanges are good alternatives for former Nanu users?
Brazilian platforms like Mercado Bitcoin and Foxbit, as well as global services such as Binance, Coinbase, and Kraken, all provide higher liquidity, broader asset lists, and clearer regulatory standing.
What should I look for when choosing a new crypto exchange?
Focus on regulatory compliance, daily trading volume, fee transparency, security measures (cold storage, audits), and responsive customer support.
Bobby Lind
June 15, 2025 AT 21:43Wow, what a thorough breakdown! The way you laid out the fee structure, liquidity woes, and the eventual shutdown really paints a clear picture, especially for newcomers, and it's refreshing to see such detail, honestly. I especially appreciate the checklist at the end-so handy for anyone scouting a new exchange; it feels like a quick cheat‑sheet you can bookmark. The mention of Brazilian regulatory pressure is spot‑on, given how quickly the landscape can shift; keeping an eye on local laws is crucial. All in all, great job summarizing a complex story into bite‑size sections, keep it up!
Jessica Cadis
June 15, 2025 AT 22:16Enough of the sugar‑coating! This “thorough” piece glosses over the fact that Nanu was a joke from day one, a dead‑weight that never should have existed. Users were left in the dark, and the article fails to call it out hard enough-stop being polite!
Katharine Sipio
June 15, 2025 AT 23:40Thank you for providing such a concise overview. The emphasis on regulatory compliance and liquidity is particularly valuable for beginners. Your checklist offers clear, actionable steps that anyone can follow when evaluating an exchange. It is evident that thorough research can prevent costly mistakes.
Shikhar Shukla
June 16, 2025 AT 00:13While the article is well‑structured, it omits a critical analysis of the management's evident incompetence. The platform’s inability to secure sufficient funding reflects poor strategic planning, and such oversight should have been highlighted more prominently. A deeper critique would better serve discerning readers.
Deepak Kumar
June 16, 2025 AT 02:26Spot on! Liquidity is king, and the piece nails that point with crystal clarity. If you’re hunting a platform, always double‑check the order‑book depth before pulling the trigger-otherwise you’ll get slippage nightmares. Also, never underestimate the power of responsive support; it can be the difference between panic and confidence. Keep sharing these gems!
Matthew Theuma
June 16, 2025 AT 03:00Interesting take-makes me wonder how many traders overlooked the hidden costs of thin markets. 🤔 Liquidity isn’t just a number; it’s the lifeblood that keeps trades smooth and painless. Thanks for shedding light on this silent killer, even if the article could have dug a bit deeper. –Matrhew
Carolyn Pritchett
June 16, 2025 AT 05:13Honestly, this review is a snooze fest; anyone could have written this without doing any real research. The “thorough” claim is laughable, and the zeros on volume prove it was useless from the start.
lida norman
June 16, 2025 AT 05:46😢 I feel for those who trusted Nanu and got burned-watching a platform disappear fuels a deep sense of betrayal. The emotional toll of losing access to your funds is real, and it reminds us all to stay vigilant.
Miguel Terán
June 16, 2025 AT 08:00The story of Nanu Exchange reads like a cautionary novella that could have been penned by a seasoned novelist who has spent years watching the crypto frontier unravel before his eyes. First the platform arrives on the scene with a modest promise of localized fiat support and a sleek interface that invites the curious novice to dip a tentative toe into the volatile waters of digital assets. Then the market dynamics reveal themselves in a slow, inexorable grind as traders discover that the order book is barely a puddle compared to the raging ocean of liquidity that powerhouses like Binance command. The author of the review highlights this disparity with a clarity that cuts through the fog of hype that often surrounds new exchanges. Yet beyond the numbers there is a human element that the review touches upon only briefly, the sense of abandonment that users experienced when the “Taboo” landing page appeared in November 2020, a haunting reminder that even the most well‑intentioned venture can crumble overnight. The regulator’s shadow looms large in Brazil, a country that has been tightening its crypto legislation, and this pressure forms a silent antagonist in the narrative. The lack of transparent audits or insurance funds adds another layer of vulnerability that seems almost inevitable once the revenue streams dry up. When the daily BTC volume slipped below a single coin, the business model could not sustain the operational overhead, a fact that the review states plainly but does not explore in depth. It is intriguing to consider how a different funding strategy or partnership with market makers might have altered the trajectory, a “what‑if” scenario that readers are left to imagine. The review’s checklist at the end serves as a pragmatic tool, reminding us that the lessons of Nanu are not confined to one jurisdiction but resonate across the global crypto ecosystem. For anyone looking to navigate this space, the emphasis on liquidity depth, regulatory compliance, and robust customer support stands as an immutable creed. In conclusion the Nanu saga is a vivid illustration of how thin liquidity, regulatory uncertainty, and poor governance can converge to extinguish even the most promising of exchanges. It is a story that deserves to be retold, not just as a warning but as a springboard for building more resilient platforms in the future.
Shivani Chauhan
June 16, 2025 AT 08:33Indeed, the points raised about liquidity and compliance strike a chord, and it is essential to approach exchange selection with a balanced perspective. While the review is thorough, adding a note on user education could further enhance its value. Please consider integrating resources for beginner traders as part of the checklist.
Deborah de Beurs
June 16, 2025 AT 10:46What a pathetic excuse for an exchange-pure junk!