Pros
Cons
Quick Summary
Headquarters Location | Calgary, Alberta, Canada |
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Fiat Currencies Supported | USD, CAD |
Total Supported Cryptocurrencies | 34+ |
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 access to an expansive selection of digital assets for trading by both individuals and businesses alike.
NDAX has found itself an integral place within the rapidly expanding world of digital asset trading, serving as an entryway to cryptocurrency for Canadians and becoming known for trust and efficiency.
Impact goes beyond mere functionality: such platforms serve as a catalyst for responsible and progressive engagement with financial technology of tomorrow. Such platforms cannot be overemphasized in an age where digital assets have become an integral component of everyday finance landscape, helping shape modern investment strategies.
About NDAX
NDAX is a Canadian exchange with an accessible platform tailored to the needs of both novice and seasoned traders alike. Their 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 of the crypto market and experiencing sharp ascents and steep drops that characterize digital assets. Since their inception, several cycles have passed revealing NDAX to be resilient against such volatility.
NDAX’s growth has coincided with major industry milestones such as the advent of major cryptocurrencies and development of blockchain technologies that continue to redefine and broaden the use case of digital assets. Amid these market dynamics, NDAX has continuously evolved in order to meet user demand as well as 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 34 cryptocurrencies on their platform. This exchange currently supports 18 of the top 30 market cap cryptocurrencies.
View all cryptocurrencies NDAX supports
- AAVE
- ADA
- ALGO
- ARB
- ATOM
- AVAX
- AXS
- BTC
- CELO
- COMP
- DOGE
- DOT
- EOS
- ETH
- FTM
- GALA
- GRT
- HBAR
- LINK
- LTC
- LUNC
- MANA
- MATIC
- NEAR
- SAND
- SHIB
- SOL
- TLM
- UNI
- USDC
- USDT
- VET
- XLM
- XRP
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, with the ultimate aim being a platform where trading goes beyond mere transactions to include knowledge-sharing and community building.
NDAX Fees
NDAX has structured their fees to be competitive within the market and remain transparent and straightforward, so users are aware of any associated costs related to trading, deposit and withdrawal transactions.
Transparency is crucial to building trust between an exchange and its users. NDAX embraces this philosophy by offering clear explanations of its fee framework – 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 clear understanding of costs involved.
Type | Fee |
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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 0.000463 BTC. This means NDAX charges below the industry average by 13.84%.
Security - Is NDAX Safe?
NDAX stands out with an exceptional level of safety, featuring both cold storage for digital assets and an outstanding compliance team working diligently to protect users’ investments. Security measures are taken seriously by NDAX to provide traders with peace of mind.
NDAX understands the significance of security when it comes to 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 both 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 provide timely help for users. 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 by 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 which prioritizes user needs while respecting its community members.
NDAX Support Channels
How to Sign Up on NDAX
- 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.
- Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
- Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
- Start Trading Crypto - That's it! You should now have everything in place to start trading.
Deposit Methods
NDAX Alternatives
Binance
Total Supported Cryptocurrencies
386+
Trading Fees
0.10%
Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others
Kraken
Total Supported Cryptocurrencies
233+
Trading Fees
0.06% - 0.16%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other
OKX
Total Supported Cryptocurrencies
332+
Trading Fees
0.06% - 0.10%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others
Final Thoughts
NDAX stands out as a comprehensive trading service by prioritizing user experience and market needs, highlighting their dedication to increasing crypto adoption while offering tailored investment solutions tailored 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.