I saw people complaining about opening account but my process was flawless and like 2 business day total. Everytime ive tried to take money out and move it to another account or broker, they take FOREVER to process it – im presently waiting 12 hours now to move USDT to Binance. If you want to withdraw or send above $2500 their fee is always only $25 . If you buy small amount of crypto for fun or curious , don’t use Ndax use another platform.

To see a full list of all the coins and their respective fees, click here. For those that are unfamiliar with trading on the market, NDAX makes it easy with a Quick Buy/Sell feature found right on the Dashboard. Simply select which coin you want to buy or sell, choose the amount in fiat or cryptocurrency, and you can buy or sell, easy as that. NDAX has become one of Canada’s favourite cryptocurrency exchanges, so let’s see what they offer that makes them so popular. NDAX is an excellent cryptoexchange that makes it easy for newcomers to the crypto market to buy and sell their first cryptocurrency. These are the top 3 reasons why I like to recommend NDAX to Canadian crypto investors.

Trading Platform

NDAX is a decent exchange for Canadians, though if you’re looking for the best overall trading experience, I recommend using CoinSmart or Bitbuy instead. Each of them offers quite a bit more than NDAX, and I’m confident you’ll have a better experience with them. Select your preferred bank account or add a new one if this is your first time. NDAX has an amazing track record in terms of regulation and security. For starters, it’s a registered Money Services Business with the Financial Transactions and Reports Analysis Centre of Canada , and it’s also a licensed member of Revenue Québec . Additionally, it’s compliant with the Proceeds Of Crime (anti-money laundering) and the Terrorist Financing Act of Canada, as well as Know Your Customer standards, which is great.

• One downside is that NDAX charges hefty fees when withdrawing your Canadian Dollars.
• NDAX currently lists 30 cryptocurrencies, 2 stablecoins and 1 fiat currencies.
• Two-factor authentication, secure storage of funds, and encrypted wallets are what help keep NDAX safe.
• First of all, I would like to highlight the high limits this cryptocurrency exchange has, it’s very easy to deposit and withdraw large amounts of cryptocurrencies in a go.
• Successful traders use NDAX as a simple, easy and secure platform to instantly buy, and sell Bitcoin, Ethereum and other cryptocurrencies.

NDAX offers access to more than 30 digital assets, including Bitcoin, Dogecoin, Ether, and XRP. The wallet also has an intuitive user interface that allows beginners to navigate around without trouble. Additionally, NDAX provides 24/7 customer support in case of any query or issue regarding the wallet. NDAX only offers 30+ different coins, which is a lot less than some of their competitors. Depending on the type of investor or trader you are, you may or may not find this an issue. 1) NDAX has a simple layout which is great for beginners, yet still manages to suit experienced traders with the advanced charts and order options.

There are no deposit or withdrawal fees to transfer CAD using a bank account with zero fees and the trading fee of 0.2% is competitive. The disadvantages include a limited number of crypto assets, no staking features, and the app often having technical issues. Beginners can quickly buy and sell 30+ digital assets on our intuitive platform, while experienced or professional traders can take advantage of our advanced features and trading tools. As a crypto exchange that provides services to Canadian traders and institutions, NDAX has made it easy for locals to fund an account.

The team is knowledgeable and friendly and aims to respond promptly to all inquiries. This allows users to earn rewards by HODL-ing assets or by staking them on the platform and earning a percentage of their value. This is an attractive option for traders looking to earn passive income from their crypto holdings. The NDAX exchange is committed to keeping its user data secure by implementing the latest security and crypto security technologies. Two-factor authentication, secure storage of funds, and encrypted wallets are what help keep NDAX safe. It is also compliant with Canadian banks’ regulations and the Terrorist Financing Act .

NDAX Quick Overview

There is the option of Live Chat as well as email, and the responses from NDAX are generally quite quick. NDAX is also a legitimate company and a Money Service Business entity regulated by the Financial Transactions and Reports and Analysis Centre of Canada . The Canadian exchange protects user data with standard industry practices such as 2-factor authentication and DDoS mitigation. DDoS mitigation practices curb cyberattacks at early stages. The platform provides unlimited access to the 14 top crypto coins in the market.

Kristina Knight is a freelance writer with more than 15 years of experience writing on varied topics. Kristina’s work has appeared with BizReport.com, NBC News, Soaps.com, DisasterNewsNetwork, and many more publications. New traders also need not worry about hidden fees as NDAX’s platform clearly communicates the fees it charges. NDAX has an affiliate program that rewards users for inviting friends to join the platform. Users can get up to 10% commission whenever their referrals trade on NDAX and up to $25 per referral when users sign up using the referral link. NDAX is committed to customer service, with 24/7 support available so you can always reach out when you need assistance.

No, the exchange does not have any maximum withdrawal limits. Unfortunately, there are no NDAX referral codes available at this time. If you want a $50 signup bonus with our #1-ranked exchange CoinSmart, though, you can get that here. Yes, NDAX is a legitimate crypto platform that has been registered as a Money Service Business with the Financial Transactions and Reports Analysis Centre of Canada and Revenue Québec.

The CoinCodex Cryptocurrency Price Tracker

The owner of National Digital Asset Exchange is Bilal Hammoud who resides in Calgary, Canada. Bilal is the President and CEO has been leading the cryptocurrency exchange since its inception in April 2018. Help future customers by talking about customer service, price, delivery, returns & refunds.

The platform offers various trading features, mostly designed to support the execution of different order types. It also provides various trading tools, from technical indicators to price charts, helping users become pro traders in no time. The detailed order book by NDAX is a cool trading feature of this platform.

This product is also available in a cold version, where the users can store a major share of their digital wealth in cold crypto wallets. Yes, the exchange is a regulated entity in the Canadian crypto market. It is currently managing thousands of active traders from the country.

So for the last 15 days I’ve opened a ticket every day and have been told over and over it will be looked at withinn a couple of days. I had a similar incident on Coinbase and they resolved the issue within ~ day. Of course we want to be as big as other exchanges mentioned; everyone just has to be mindful that we are limited in population compared to other markets like the USA and EU.

Retail investors benefit from the high standards that are necessary to service huge transactions. NDAX holds a majority of user funds in an offline, multi-signature wallet in order to adhere to the highest standards of digital asset security. Our mission is to make cryptocurrency accessible to everyone. Coinsmart is the easiest to use cryptocurrency trading platform.

Terrible service and turnaround times

NDAX provides institutional clients with a deep liquidity pool and a large selection of digital assets. The clients get to enjoy a personalized service that allows them to trade at high volumes with no deposit fees, withdrawal fees, low spreads and same-day settlement. NDAX.IO is a reputable altcoin trading platform that was founded in 2014 in the province of Alberta. It allows residents within Canada to buy, trade, and sell 12 cryptos such as Bitcoin, Ethereum, Dogecoin, and others. The platform works as a crypto trading service provider. The cryptocurrency trading platforms provide OTC services for their users.

NDAX offers a user-friendly and intuitive interface that makes trading easy even for beginners. The platform also provides detailed tutorials, FAQs, and news updates to help users navigate the crypto market. Traders can also enjoy these helpful features on the mobile app. NDAX stands for “Next Generation Digital Asset Exchange.” It promises advanced features, speed, and security for its users. The platform has quickly grown in popularity among Canadian traders looking for a reliable way to buy and sell cryptocurrencies with low fees and high liquidity. The good news is that every NDAX safe deposit is free of cost.

It has an easy-to-use interface and provides access to multiple crypto coins. The platform is secure and well-regulated, with low fees and decent liquidity. NDAX’s features are appealing to both new traders and more advanced traders. It’s a decent platform for ndax review quick buying and selling as well as long-term investing. The OTC desk feature also makes it possible for traders who prefer to do high-volume trading. NDAX offers a top-notch customer service experience, with dedicated staff available to help users anytime.

Thebuying and selling fee on NDAX is 0.2% which includes all conversion and market spread costs. For example, if you buy CAD $10,000 worth of Bitcoin, the trading fee will be CAD $20.00. To sell Bitcoin back to Canadian dollars, the same fee will apply. The fees are similar to the Canadian exchange Bitbuy, however, the total fees on NDAX https://forex-reviews.org/ are slightly cheaper due tozero deposit and withdrawal fees. Overall, the fees on NDAX offer excellent value for money for residents in Canada to maximize their Bitcoin or crypto investment or cash out and sell back to CAD. NDAX is a very secure platform with its security standards among the highest in the Canadian FinTech industry.

Thanks to the very intuitive interface, beginners and experienced traders will enjoy the dashboard that is developed to the highest standards. Start building your crypto portfolio on Canada’s most secure 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. If you are looking for alternative cryptocurrency exchanges that offer competitive features, we recommend CoinSmart or Wealthsimple Crypto. These two platforms also provide quick buying/selling services as well as additional security features such as 2FA authentication.

Here you can easily make deposits of over $200,000 in one single go. Deposit or withdraw large amounts of bitcoin or any other cryptocurrency with increased security and customer support from a very professional team. Traders from Canada will find local payment methods and very low entry fees as well as trading fees. This exchange is also great for large traders thanks to the no-limit policy on deposits and withdrawals, which are processed the same day as they are requested. On the other hand, the more advanced traders will find that NDAX has advanced charting tools that will allow them to use this crypto exchange to its fullest potential.