NDAX Review 2025: Features, Fees & How It Compares

In other words, there is little to worry about when making a Canadian dollar e transfer and purchasing crypto with NDAX. Here, we can also mention that NDAX offers an OTC service called NDAX Wealth, which is geared toward clients that want to trade $200,000 or more. CaptainAltcoin.com does not offer any sort of financial or investment advice. Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. Additionally, funding your account can be pretty costly as wire transfers come with a fee of 1%-2%.

• These factors have further enhanced NDAX’s portfolio, attracting the attention of major players like Morgan Stanley.
• It’s well-designed, straightforward, and easy to navigate, whether you’re a beginner or a more advanced trader.
• Moreover, the feature provides investors access to expert traders to help them handle the execution and advise them during the process.
• From your dashboard, navigate to the Quick Buy/Sell block, click on Sell, enter an amount, preview the transaction AND CRUNCH THOSE NUMBERS.
• One such example would be USDT, which is available on Ethereum, TRON, the Omni layer for Bitcoin, and other blockchains.
• My deposit took 23 minutes to arrive in our NDAX account.
• They assess users’ knowledge and risk tolerance before allowing them to trade.

The Ndax exchange operates under strict regulatory standards set by the Alberta Securities Commission (ASS) and the Canadian Securities Administrators (CSA). In addition, Ndax has enhanced investor protection measures. They assess users’ knowledge and risk tolerance before allowing them to trade. Plus, Ndax sets loss limits to protect users from big market swings and keep clients informed in timely updates on regulatory changes and platform updates. The platform sets high standards in the global fintech industry through advanced security measures. They’re the first Canadian crypto platform to get the SOC 2 Type 2 certification.

Fees and Deposit & Withdrawal Methods

It may not be the best or rival the likes of Binance or others who offer 0.1%, but it is considerably better than brokers like CoinbasePro (0.5%) or Crypto.com (0.4%). Then, you can share it with your network or on social media sites and earn FREE crypto for the referrals that have deposited at least CAD$100. The NDAX Wealth  Over-The-Counter (OTC) services are one of the most reliable liquidity pools in North America. Yes, you can send crypto from NDAX to an external wallet or another exchange. All in all, it’s a solid exchange for anyone looking to carve out profits from the rapidly emerging crypto space.

Which cryptocurrency exchange is best for beginners?

The NDAX operations team is committed to delivering a smooth trading experience throughout your crypto journey. For the average trader, trading on the NDAX exchange is easy and intuitive. Unlike some other exchanges, you don’t need to be tech savvy in order to buy crypto, sell crypto, and transfer trading profits to your bank account. For fiat currency withdrawals, NDAX customers can choose between the Bank Direct and Wire Transfer options. The exchange charges a flat $25 CAD fee on fiat withdrawals, regardless of the payment rails that are being used and the size of the withdrawal. There are also flat fees for cryptocurrency withdrawals from NDAX, although the fee varies for each cryptocurrency that’s listed on the exchange.

It is possible to stake Cardano, Polkadot, Ethereum, Matic, and The Graph on NDAX. Yields are competitive — I checked — with what’s available elsewhere. Using it is extremely simple and fast, which is what I’ve come to expect of NDAX.

NDAX Withdrawal fees

Both exchanges are transparent about the fees they charge. NDAX has become one of Canada’s favourite cryptocurrency exchanges, so let’s see what they offer that makes them so popular. For users that are experienced with using price charts, NDAX Exchange has an advanced mode that has TradingView charts.

Keep an eye on prices, track your portfolio, ndax review use advanced trading features, securely store your crypto, and send crypto to friends, all from within the app. 3) NDAX offers 36 of the most popular cryptocurrencies that you can buy directly using CAD. Although some users prefer a wider range of coins, for most beginners and day-traders, the range supported by NDAX is sufficient. New coins are also added from time to time, so their collection is slowly growing. Hedge With Crypto aims to publish information that is factual and accurate as of the date of publication.

• You can withdraw crypto to your wallet or transfer fiat to your Canadian bank account for a flat-rate withdrawal fee of CAD $4.99 for bank transfers and wire transfers.
• Of course, you can also withdraw your crypto off the platform by sending it to an external wallet.
• Many years ago, when I searched to open an account for dogecoin , I figured NDAX would be a good choice for me .
• NDAX is a superb option for first-time investors who want to purchase cryptocurrency in Canadian Dollars (CAD).
• Placing orders on NDAX using the exchange is relatively simple.
• Overall, users have recognized NDAX for its exceptional customer service, contributing to a positive experience on the platform.

My Experience with Ndax: Pros, Cons, and Hidden Costs

Once you complete the email verification and login, you will be prompted to verify your account with information like your address and a government-issued ID. For those interested in taking their personal finance to another level, NDAX recently became the first Canadian exchange to offer staking in February 2022. Now, NDAX users can stake Ethereum, Polkadot (DOT), and Cardano (ADA) for competitive yields. NDAX is also working on implementing staking for Ethereum, Polkadot and Cardano.

Ndax Review: PROS

Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. Instant deposit with e-Transfer and supports CAD and USD. In the past, the NDAX referral program paid clients up to $25 per referral; however, it appears this offer is no longer available.

NDAX, which stands for the National Digital Asset Exchange is a Canadian cryptocurrency exchange based in Calgary. It’s been around since 2018 and is known for its large selection of cryptocurrencies, currently at 14 and counting. In this full NDAX review, I’ll let you know the benefits, as well as the limitations, of dealing with this popular crypto trading platform. To cash out of crypto back to Canadian Dollars, NDAX exchange allows crypto deposits for customers to transfer funds and convert into fiat currency. The funds can be withdrawn to a local bank account with no fees and same-day settlement.