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NDAX Review

Last Updated on April 2, 2024

James Headshot
Written by
Adam Headshot
Edited by
NDAX logo
4.12
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit NDAX

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

NDAX provides a balanced trading strategy, featuring deep liquidity pools and an assortment of cryptocurrencies. As Canada’s premier exchange platform, it offers an affordable trading experience without compromising on advanced tools.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Secure platform with strong compliance
  • Supports multiple cryptocurrencies
  • User-friendly interface
  • CAD to crypto trading pairs available
  • Responsive customer support

Cons

  • Limited selection of altcoins
  • Higher fees compared to some competitors
  • No margin trading
  • Limited advanced trading features
  • Withdrawal fees for certain coins and fiat

Quick Summary

Headquarters Location Calgary, Alberta, Canada
Fiat Currencies Supported USD, CAD
Total Supported Cryptocurrencies 37+
Trading Fees 0.20%
Deposit Methods Bank Transfer, Cryptocurrency, Interac e-Transfer
Support Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

NDAX (National Digital Asset Exchange) is an innovative cryptocurrency exchange in Canada that provides individuals and businesses access to an expansive selection of digital assets for trading.

NDAX homepage

NDAX has found itself an integral place within the rapidly expanding world of digital asset trading. It serves as an entryway to cryptocurrency for Canadians and is becoming known for trust and efficiency.

The impact goes beyond mere functionality: such platforms serve as a catalyst for responsible and progressive engagement with the financial technology of tomorrow. Such platforms cannot be overemphasized in an age where digital assets have become integral to the everyday finance landscape, helping shape modern investment strategies.

About NDAX

NDAX is a Canadian exchange with an accessible platform tailored to the needs of novice and seasoned traders alike. Its rich history includes providing safe trading of Bitcoin, Ethereum, and various digital assets such as Ether.

NDAX has demonstrated impressive resilience since its establishment, standing firm despite the rapid changes in the crypto market and experiencing sharp ascents and steep drops that characterize digital assets. Since their inception, several cycles have passed revealing NDAX’s resilience against such volatility.

NDAX features

NDAX’s growth has coincided with major industry milestones, such as the advent of major cryptocurrencies and the development of blockchain technologies that continue to redefine and broaden the use case of digital assets. Amid these market dynamics, NDAX has continuously evolved to meet user demand and support the larger digital economy.

NDAX has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit, TikTok and YouTube.

NDAX has a mobile app on both the Apple App Store and Google Play.

NDAX Supported Cryptocurrencies

NDAX supports trading on over 37 cryptocurrencies on their platform. This exchange currently supports 17 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • USDC (USDC)
  • XRP (XRP)
  • Toncoin (TON)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • Shiba Inu (SHIB)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Polkadot (DOT)
  • Bitcoin Cash (BCH)
  • NEAR Protocol (NEAR)
  • Chainlink (LINK)
  • Polygon (MATIC)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • UNUS SED LEO (LEO)
  • Dai (DAI)
  • Uniswap (UNI)
  • Pepe (PEPE)
  • Render (RNDR)
  • Ethereum Classic (ETC)
  • Hedera (HBAR)
  • First Digital USD (FDUSD)
  • Aptos (APT)
  • Immutable (IMX)

Trading Experience

NDAX provides an experience that is both user-friendly and sophisticated. Their mobile app makes trading convenient with its seamless user interface that caters for trading on the go.

Trading features have been specifically created to meet the needs of both beginner and experienced traders.

NDAX was designed to meet the diverse trading needs of its clientele, from novice traders to advanced investors looking for greater depth in market analysis and trade execution. This platform strikes a fine balance between simplicity for those just entering the space and complexity necessary for expert traders looking for deepened market insight and trade execution capabilities.

Tools and resources designed to assist traders in making well-informed decisions are central to an exchange’s design philosophy. The ultimate aim is a platform where trading goes beyond mere transactions to include knowledge-sharing and community building.

NDAX exchange marketing

NDAX Fees

NDAX has structured their fees to be competitive within the market and remain transparent and straightforward. Hence, users know any associated costs of trading, deposit and withdrawal transactions.

Transparency is crucial to building trust between an exchange and its users. NDAX embraces this philosophy by clearly explaining its fee framework, which is essential to helping traders plan and execute effective trading strategies.

The exchange employs a fee model designed to meet the unique needs of its user base—from those new to digital assets to experienced individuals with large portfolios. This approach ensures all participants, regardless of trading volume or frequency, can engage with it with a clear understanding of the costs involved.

Type Fee
Deposit Fee (Bank Transfer) 0%
Trading Fee 0.20%
Withdrawal Fee (Bank Transfer) $4.99 CAD

NDAX supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.000399 BTC. The average across all other exchanges that we've reviewed is 0.000411 BTC. This means NDAX charges below the industry average by 2.84%.

Security - Is NDAX Safe?

NDAX stands out with exceptional safety, featuring cold storage for digital assets and an outstanding compliance team working diligently to protect users’ investments. NDAX takes security measures seriously to provide traders with peace of mind.

NDAX understands the significance of security regarding cryptocurrency exchanges in this digital era and has implemented a multi-tiered security infrastructure designed to mitigate risks and safeguard user assets.

By integrating cutting-edge technology and rigorous operational protocols, the platform offers its users the confidence that their investments are safe from external threats and internal vulnerabilities. Furthermore, our compliance team works diligently to protect it by monitoring for suspicious activities while adhering to all relevant regulatory standards to maintain the integrity and reliability of the exchange platform.

NDAX Customer Support

Customer service at NDAX stands out, with knowledgeable support agents ready to help users promptly. NDAX understands the significance of customer satisfaction, with timely support agents always ready to offer assistance when users require it.

Customer support can make or break an exchange user’s experience, and NDAX’s commitment to this field is evident in its professional and ready support agents.

These agents go far beyond being troubleshooters; they serve as guides through the often complicated world of cryptocurrency trading, ready and willing to assist users and educate them. Their service underscores an exchange’s dedication to building an environment that prioritizes user needs while respecting its community members.

NDAX support

NDAX Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on NDAX

  1. Create Account - Visit the NDAX website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • Interac e-Transfer

NDAX Alternatives

Binance logo

Binance

3.23
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
392+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others

Visit Binance
Kraken logo

Kraken

3.44
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
238+

Trading Fees
0.08% - 0.40%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

Visit Kraken
OKX logo

OKX

3.57
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
379+

Trading Fees
0.08% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

Visit OKX

Final Thoughts

NDAX stands out as a comprehensive trading service by prioritizing user experience and market needs, highlighting its dedication to increasing crypto adoption while offering investment solutions for Canadian investors.

NDAX FAQs

NDAX, which stands for National Digital Asset Exchange, is a Canadian-based cryptocurrency exchange known for its emphasis on security and compliance. They employ industry-standard security measures, such as SSL encryption and two-factor authentication (2FA) to protect user accounts.

NDAX also follows Anti-Money Laundering (AML) policies to help prevent fraudulent activities on its platform.

The withdrawal process time from NDAX to your bank account can vary depending on several factors, including the method of withdrawal and the processing times of the banks involved. Typically, withdrawing fiat currency to a bank account may take anywhere from a few hours up to several business days.

NDAX provides users with an online wallet to store their cryptocurrencies. While you can use this wallet for your transactions on their platform, it is also possible to use an external wallet if you prefer to transfer and hold your digital assets outside of the exchange.

NDAX adheres to a strict Anti-Money Laundering (AML) policy, which includes measures like Know Your Customer (KYC) verification, monitoring of suspicious transactions, and compliance with legal reporting obligations. These efforts are in place to prevent the misuse of their services for money laundering or terrorist financing.

On NDAX, users can trade various cryptocurrencies, which may result in potential profits based on market movements and trading strategies. However, trading cryptocurrencies involves risk, and profits are not guaranteed.

To transfer money from NDAX to your bank account, you need to log in to your NDAX account, navigate to the wallet section, select the fiat currency you wish to withdraw, enter the amount, and follow the instructions to complete the withdrawal to your linked bank account.

Transactions on NDAX, like any other cryptocurrency exchange, can be taxable events. In many jurisdictions, trading, selling, or using cryptocurrencies for purchases may trigger capital gains taxes or other tax liabilities.

It’s recommended to consult with a tax professional for advice specific to your situation.

NDAX offers various features on its platform. However, specific details like the minimum staking amount can change over time.

Users should refer to NDAX’s official resources or contact their customer support for the most up-to-date information regarding minimum requirements for features available on their platform.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: