NDAX Review 2021: Security, Fees & Special Features

The web’s most detailed NDAX review: NDAX is quickly becoming one of the most recognized names in the cryptocurrency industry in Canada. With a double regulation, NDAX has set the scene for all cryptocurrency traders with a very intuitive platform for beginners and experienced traders. Our expert decided to dig deeper to find out exactly what makes traders coming back. Read the full story in our NDAX review.

4.13/5
Excellent
Regulated by
FINTRAC, AMF
Canada flag
NDAX
Founded March 2017
Owner National Digital Asset Exchange Inc
Type Cryptocurrency Exchange
Fees 0.20%
account minimum
Best for All Traders

Why NDAX

In this section of our NDAX review we highlight 6 special features that deserves extra attention.

This platform has extra security features such as segregated bank accounts and investor insurance funds.
Security Of Funds
This platform has extra security features such as segregated bank accounts and investor insurance funds.
This platform is great for large traders or investors with deep pockets. No more holding back on opportunities.
High Limits
This platform is great for large traders or investors with deep pockets. No more holding back on opportunities.
Deposit money instantly and access the markets within seconds. No delays, no mess, only trading.
Instant Deposits
Deposit money instantly and access the markets within seconds. No delays, no mess, only trading.
Make large trades directly with a counterparty without going through the public order book.
OTC Market
Make large trades directly with a counterparty without going through the public order book.
This platform features advanced charting, order selection, technical indicators, and drawing tools.
Advanced Trading Platform
This platform features advanced charting, order selection, technical indicators, and drawing tools.
Easiest and fastest way to buy cryptocurrency with fiat through card payments, bank transfers, or e-wallets.
Buy Cryptocurrency
Easiest and fastest way to buy cryptocurrency with fiat through card payments, bank transfers, or e-wallets.

About NDAX

NDAX stands for National Digital Asset Exchange Inc and it’s the company behind this Canadian cryptocurrency exchange with the main office located at 250 2 St SW, Suite 1820, Calgary, Alberta T2P 0C1, Canada. This high-security crypto exchange has made a very good name for itself in Canada where it is currently regulated under FINTRAC and AMF, two bodies that help this platform adhere to Canadas highest security standards.

The team behind NDAX is committed to delivering quality through a very easy-to-use interface where you can buy, sell, and trade cryptocurrencies. All digital assets are stored in safe cold storage wallets far away from any threat which lets you sleep well at night knowing that NDAX has everything under control. What makes NDAX stick out from the crowd is its focus on usability combined with advanced trading tools for all levels of traders.

Why use NDAX

Canadians traders who are searching for a safe place to get into the cryptocurrency trading community should definitely give it a try since this digital asset exchange can be used by all traders at all levels. Thanks to the very intuitive interface, beginners and experienced traders will enjoy the dashboard that is developed to the highest standards.

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.

The OTC desk called NDAX Wealth is very useful for instititional clients and investors with big pockets. Here you can easily deposit over $200,000 when a new opportunity arises through its deep liquidity pool.

Trading on NDAX

NDAX has a very beginner-friendly trading interface that lets you analyze your coins technically through the Tradingview charts and also with a complete order book engine. The trading dashboard is very clean which I definitely like when I’m trading myself. Technical traders will really enjoy this interface and thanks to the Tradingview charts, it’s absolutely free of lag.

In terms of order types, NDAX offers more than the standard market order and limit order. Here you will find advanced order types such as trailing stop loss, iceberg orders, and fill or kill orders. This helps out if you are a trader with special strategies that requires a more complex entry. There is also a quick buy and sell function for those investors that are simply looking to make a purchase of a coin without using a chart.

Payment methods and limits

NDAX offers deposits with Bank transfers, Interac e-transfer, and of course cryptocurrencies. There is no minimum deposit, no minimum withdrawal, and no maximum withdrawal. On this exchange, you don’t have to worry about limits, well done NDAX!

Things we don’t like

The live chat is a little bit tricky in my opinion. First, you need to send a message with your question, then a representative will contact you later on when they are available. I was surprised when the live chat started to send me notifications and I found Belle on the other side. It is a live chat but it’s a little but different. A bigger pool of altcoins is also a huge plus and I know more traders would be attracted to sign up if NDAX would offer more coins.

There is not much more we can point out. In summary, NDAX is a very complete Canadian cryptocurrency exchange and we highly recommend our Canadian traders to give it a try, you will not be disappointed!

Trading Fees

Products
Maker fee
Taker fee
Cryptocurrency
0.20 %
0.20 %

Products

Cryptocurrency
Cryptocurrency

Trading Platforms

Webtrader
Webtrader
Own trading platform Windows + Mac
Own trading platform Windows + Mac
Mobile App Android + Mac
Mobile App Android + Mac

Order Types

MO - Market Order
LO - Limit Order
SO - Stop Order
SL - Stop Limit
TSL - Trailing Stop Loss
IO - Iceberg Order
FOK - Fill or Kill
IOC - Immidiate or Cancel

Devices

Web
Web
Smartphone
Smartphone
Tablet
Tablet
Desktop
Desktop

Special Features

Altcoins
Trading Forum
Quick Registration
High Security
Market News
Instant Coin Exchange
2FA Verification
Beginner Friendly
Daily Gainers & Losers
Education
Fast Account Verification
KYC
New Trading Platform
Fiat Account
Professional Support
Recurring Crypto Purchase
Cold Storage Wallet
Institutional Trading
Technical Indicators
Fast Withdrawals
Cryptocurrency Wallet
Advanced Charting
Advanced Trading Tools
Trading App
One Click Trading
Personal Account Manager

About the Special Features on NDAX

NDAX has a lot to offer when it comes to special features. 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. Secondly, the registration process is very smooth and their KYC process is extremely streamlined.

The instant coin exchange feature is great for crypto investors who use the platform for the purpose of long-term investing. Simply choose your coin and make a quick swap or purchase, that’s it. Finally, I would like to mention that a Canadian fiat account is an option so for all Canadians trading with CAD, your life just got very easy.

Canadian Crypto Exchange with Local Payment Methods

We’ve mentioned this earlier but I want to highlight that his exchange is really easy for Canadian crypto traders to get into trading with this regulated exchange that offers CAD deposits with Bank transfers and Interac e-transfers.

Same Day Deposits & Withdrawals

This is a great feature for many reasons. When you make a deposit or withdrawal with CAD or Canadian dollars, the request gets processed the same day and your funds will either get transfers to the platform or back to your own account the same day. This is a huge benefit and can’t be found on many other exchanges than NDAX.

NDAX Wealth OTC Trading

The NDAX Wealth OTC trading desk is the place for institutional crypto traders and investors who have deeper pockets and require a bigger liquidity pool. 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.

When trading on the NDAX Wealth OTC desk you will get in contact with a human representative which will give you a fixed price with no price slippage.

Cryptocurrency and Bitcoin Taxes in Canada

This is a piece I want to mention because it can really be a hassle to get your taxes going. If you are a Canadian crypto trader and you have questions regarding cryptocurrency taxes in Canada, feel free to visit the NDAX blog where they are explaining in detail how to go about understanding CRA guidelines, tracking, valuation, treatment, reporting, and there is a handy FAQ section at the end that will help you out.

How to Convert Bitcoin to CAD

If you are living in Canada and you want to cash in some of your bitcoin gains for your local currency CAD, Canadian dollars, you can easily do it on NDAX. Simply create an account on NDAX, send your bitcoin from your other address to the NDAX wallet, trade your bitcoin for CAD, and lastly send your Canadian dollars to your own bank account. It could not be easier to sell bitcoin for CAD.

Funding

Bank transfer
Bank transfer
Interac e-Transfer
Interac e-Transfer
Cryptocurrency
Cryptocurrency

Accepted Currencies

CAD ($)

Limits

Max Withdrawal Limits
No limit
Min Withdrawal Limits
No limit
Min Deposit Limits
No limit

Languages

United Kingdom
English

Restricted Countries

Afghanistan
Zimbabwe
Zambia
Yemen
Wallis and Futuna Islands
Virgin Islands, U.S.
Virgin Islands, British
Vietnam
Venezuela, Bolivarian Republic of
Vanuatu
Uzbekistan
Uruguay
United States Minor Outlying Islands
United States
United Kingdom
United Arab Emirates
Ukraine
Uganda
Tuvalu
Turks and Caicos Islands
Turkmenistan
Turkey
Tunisia
Trinidad and Tobago
Tokelau
Togo
Thailand
Timor-Leste
Tanzania, United Republic of
Tajikistan
Taiwan, Province of China
Syrian Arab Republic
Switzerland
Sweden
Swaziland
Svalbard and Jan Mayen
Suriname
Sudan
Sri Lanka
Spain
South Sudan
South Africa
Somalia
Solomon Islands
Slovenia
Slovakia
Singapore
Sierra Leone
Seychelles
Serbia
Senegal
Saudi Arabia
Sao Tome and Principe
San Marino
Samoa
Saint Vincent and the Grenadines
Saint Pierre and Miquelon
Saint Lucia
Saint Kitts and Nevis
Saint Helena, Ascension and Tristan da Cunha
Saint Barthélemy
Russian Federation
Romania
Réunion
Qatar
Puerto Rico
Portugal
Poland
Pitcairn
Philippines
Peru
Paraguay
Papua New Guinea
Panama
Palestinian Territory, Occupied
Palau
Pakistan
Oman
Norway
Norfolk Island
Niue
Nigeria
Niger
Nicaragua
New Zealand
New Caledonia
Netherlands
Nepal
Nauru
Namibia
Myanmar
Mozambique
Morocco
Montserrat
Montenegro
Mongolia
Monaco
Moldova, Republic of
Mexico
Mayotte
Mauritius
Mauritania
Martinique
Marshall Islands
Malta
Mali
Maldives
Malaysia
Malawi
Madagascar
Republic of North Macedonia
Macao
Luxembourg
Lithuania
Liechtenstein
Libya
Liberia
Lesotho
Lebanon
Latvia
Lao People"s Democratic Republic
Kyrgyzstan
Kuwait
Korea, Republic of
Korea, Democratic People"s Republic of
Kiribati
Kenya
Kazakhstan
Jordan
Jersey
Japan
Jamaica
Italy
Israel
Isle of Man
Ireland
Iraq
Iran, Islamic Republic of
Indonesia
India
Iceland
Hungary
Hong Kong
Honduras
Haiti
Guyana
Guinea-Bissau
Guinea
Guernsey
Guatemala
Guam
Guadeloupe
Grenada
Greenland
Greece
Gibraltar
Ghana
Germany
Georgia
Gambia
Gabon
French Southern Territories
French Polynesia
French Guiana
France
Finland
Fiji
Faroe Islands
Federated States of Micronesia
Falkland Islands (Malvinas)
Ethiopia
Estonia
Eritrea
Equatorial Guinea
El Salvador
Egypt
Ecuador
Dominican Republic
Dominica
Djibouti
Denmark
Czech Republic
Cyprus
Curacao
Cuba
Croatia
Costa Rica
Cook Islands
Democratic Republic of the Congo
Congo
Comoros
Colombia
Cocos Islands
Christmas Island
China
Chile
Chad
Central African Republic
Cayman Islands
Cape Verde
Cameroon
Cambodia
Burundi
Burkina Faso
Bulgaria
Brunei Darussalam
British Indian Ocean Territory
Brazil
Botswana
Bosnia and Herzegovina
Bonaire
Bolivia
Bhutan
Benin
Belize
Belgium
Belarus
Barbados
Bangladesh
Bahrain
Bahamas
Azerbaijan
Austria
Australia
Aruba
Armenia
Argentina
Antigua and Barbuda
Antarctica
Anguilla
Angola
Andorra
American Samoa
Algeria
Albania

Security

Is NDAX safe to use?

Yes, NDAX is seen as one of the most secure trading platforms in Canada. They are using a multi-signature technology that is provided by Ledger Vault.

Is NDAX a regulated platform?

Yes, NDAX is regulated by both the Financial Transactions and Reports and Analysis Centre of Canada (FINTRAC) and Autorité des marchés financiers (AMF).

Support

Phone Number
Phone Number
+1 833 727 6329
Live Chat
Live Chat

Frequently asked questions

Read the most frequently asked questions about NDAX. Find answers without searching the web.

Yes, the platform allows you to buy Bitcoin with two different payment methods, Interac E-transfer and Bank transfer.

Step one: Sign up as a new member and verify your account. Step two: When you are logged in you click on the green deposit button, from there you choose which payment method and how much you prefer to deposit.

The platform has a standard trading fee of 0.20 %. There are no deposit or withdrawal fees with CAD, Canadian dollars.

The headquarter is located at 250 2 Street Southwest Suite 1820, Calgary, AB T2P 0C1, Canada.

No, people living in the United States are not allowed to use this platform.

No, the exchange does not have any maximum withdrawal limits.