Do you have questions?

Our FAQ page is meticulously crafted to offer you straightforward and succinct responses to frequently asked questions regarding our services, security protocols, account management, and other pertinent topics.

What is a liquidity pool?

A liquidity pool is a DeFi feature where users pool their cryptocurrencies and tokens in a smart contract. It's used for automated trading on decentralized exchanges, replacing traditional buyers and sellers.

What are trading volumes?

Trading volumes significantly impact cryptocurrency liquidity. To gauge a cryptocurrency's value, check market cap rankings websites for daily volume data, providing insights into its worth.

How easy is NYXEX to use ?

NYXEX simplifies cryptocurrency buying by accepting fiat payments. Accurate market data is crucial. Set up buy/sell orders, a fundamental skill for novice traders on our platform, with easy asset switching.

What are cryptocurrencies?

Cryptocurrencies are similar to government-issued money. Each has a unique ID, tracked on a secure blockchain. This immutability makes them fraud-resistant, mimicking physical currency's key traits.

What is NYXEX's goal

NYXEX is transforming finance, striving to become a trusted, fast-growing crypto company. We empower individuals and organizations worldwide to access cryptocurrencies securely, leading innovation in the $14T financial industry.

What is Layer 1S?

Blockchain developers address scalability through Layer 1 and Layer 2 solutions. Layer 1 involves changing the network protocol, while consensus mechanisms like Ethereum's PoS enhance transaction capacity without compromising decentralization.

What is Blockchain and How is it Secured?

Blockchain data storage is unchangeable once recorded, requiring a network-wide consensus for any alterations. This security prevents unauthorized changes and ensures data safety during transmission.

Why Does Ethereum 2.0 Matter?

Blockchain scalability is tackled via Layer 1 and Layer 2 solutions. Layer 1 involves protocol changes, while consensus mechanisms, like Ethereum's PoS, increase transaction capacity without compromising decentralization.

How will this asset/investment affect my taxes?

Your tax situation is unique. Consult a tax specialist in your area for insights on trading taxes. NYXEX doesn't collect taxes or share data with tax authorities, except as legally mandated.