NEXT.exchange crypto exchange review: What you need to know before trading

There’s no shortage of crypto exchanges out there, but if you’ve heard of NEXT.exchange and are wondering whether it’s worth your time, you’re not alone. Unlike big names like Coinbase or Kraken, NEXT.exchange doesn’t have a massive marketing budget or a presence on every YouTube finance channel. That makes it harder to find honest, up-to-date reviews. So what’s real? What’s hype? And does it actually work for everyday traders?

What is NEXT.exchange?

NEXT.exchange is a cryptocurrency trading platform that focuses on spot trading and margin trading with leverage up to 100x. It supports over 200 cryptocurrencies, including Bitcoin, Ethereum, Solana, and smaller altcoins that aren’t available on larger exchanges. The interface is clean, with a layout similar to Binance or Bybit-charts on the left, order book on the right, and quick-trade buttons at the bottom. It’s designed for people who trade frequently, not just buy and hold.

One thing that stands out is its low fee structure. Maker fees start at 0.08%, and taker fees are 0.1%. That’s lower than Coinbase Pro and competitive with Kraken’s tiered pricing. There’s no deposit fee for crypto transfers, and withdrawals are processed within minutes for most coins. The platform also offers a native token, NEXT, which gives users a 25% discount on trading fees when used to pay.

Security and regulation

NEXT.exchange is registered in the Seychelles and operates as an offshore exchange. That means it’s not regulated by the SEC, FINRA, or any European authority. This isn’t unusual-many high-leverage exchanges operate this way. But it does mean you won’t get investor protection if something goes wrong. There’s no FDIC-style insurance for user funds.

The platform uses cold storage for 95% of its assets, multi-signature wallets, and two-factor authentication (2FA) is mandatory for withdrawals. They’ve never had a major hack reported, but there’s limited public audit data. Independent security firms haven’t published detailed reports on their infrastructure, which is a red flag for cautious users. If you’re storing large amounts of crypto long-term, consider moving it to a hardware wallet after trading.

Trading tools and features

NEXT.exchange isn’t just a simple buy-sell platform. It’s built for active traders. The order types include limit, market, stop-limit, and trailing stop. You can set up conditional orders and use API access for automated strategies. The charting tools come with 30+ technical indicators and drawing tools-enough for most swing and day traders.

Margin trading is where NEXT.exchange really differentiates itself. With up to 100x leverage on BTC and ETH, it’s one of the highest available on any non-decentralized exchange. That’s risky-extremely risky. A 1% move against your position can wipe you out. But for experienced traders who know how to manage risk, it opens up opportunities smaller exchanges don’t offer.

There’s also a copy trading feature where you can follow top performers and auto-replicate their trades. The platform shows performance stats like win rate, max drawdown, and average holding time for each trader. You can set your own risk limits, like capping how much you’re willing to copy per trade. It’s not perfect, but it’s better than most platforms that just dump you into a leaderboard without context.

Mobile app and usability

The NEXT.exchange mobile app is available on iOS and Android. It’s lightweight, loads fast, and mirrors the desktop layout well. You can place trades, view your portfolio, and check market trends without lag. Notifications for price alerts and liquidation warnings work reliably. The app doesn’t have as many advanced charting options as the web version, but for quick trades on the go, it’s solid.

Customer support is available via live chat and email. Response times are usually under 15 minutes during business hours (UTC+4). They don’t offer phone support, which might be a downside if you’re used to Coinbase’s 24/7 hotline. But for most users, chat is enough. The support team speaks English clearly and doesn’t rely on robotic replies.

Pros and cons

• Pros: Low trading fees, high leverage (up to 100x), 200+ coins, native fee discount token (NEXT), clean interface, fast withdrawals, copy trading feature
• Cons: No regulatory oversight, no FDIC insurance, limited educational resources, no fiat on-ramp (no bank transfers or credit card buys), no staking or savings accounts

If you’re looking for a place to buy Bitcoin with your debit card, NEXT.exchange isn’t it. You’ll need to buy crypto on another exchange like Coinbase or Kraken first, then transfer it over. That adds an extra step, but it also means you’re not locked into one platform.

Who is NEXT.exchange for?

This exchange is not for beginners. If you’ve never traded before, you should start with something like Coinbase or Gemini-simple, regulated, and full of learning tools. NEXT.exchange assumes you already understand leverage, liquidation risk, and order types.

It’s best suited for:

• Experienced traders who want high leverage on altcoins
• People who trade multiple times a day and care about low fees
• Those who already hold crypto and want to move it to a platform with deeper liquidity
• Copy traders looking to follow proven strategies without analyzing charts themselves

If you’re not comfortable with the idea of losing your entire position in minutes because of a 1% price swing, don’t use the margin trading features. Period.

How to get started

Signing up takes less than five minutes:

1. Go to next.exchange and click "Sign Up"
2. Enter your email and create a strong password
3. Enable 2FA using Google Authenticator or Authy
4. Verify your email address
5. Deposit crypto from another wallet or exchange

You can’t deposit fiat, so you’ll need to buy BTC, ETH, or USDT on a different platform first. Once your funds arrive, you can start trading immediately. There’s no KYC requirement for small trades, but if you want to withdraw more than 2 BTC per day, you’ll need to submit ID and proof of address.

Alternatives to consider

If NEXT.exchange feels too risky or too complex, here are three alternatives:

• Kraken: Regulated, supports fiat deposits, lower leverage (5x), better for beginners
• Bybit: Similar high-leverage options, better UI, more educational content, supports fiat
• Bitfinex: Older platform, deep liquidity, strong for advanced traders, but clunkier interface

None of these have the exact same mix of low fees, high leverage, and altcoin depth as NEXT.exchange. But if safety and ease of use matter more than speed and leverage, one of them might be a better fit.

Final thoughts

NEXT.exchange isn’t for everyone. It’s not the safest, it’s not the easiest, and it won’t hold your hand. But if you’re an experienced trader looking for a no-frills, low-cost platform with aggressive leverage and deep altcoin markets, it’s one of the few options left that still delivers on that promise.

The lack of regulation is a real concern. The absence of fiat on-ramps is a hassle. But the fees are low, the execution is fast, and the trading tools are sharp. For those who know what they’re doing, it’s a powerful tool. For everyone else? Stick with the big names until you’re ready to level up.