NDAX.io (National Digital Asset Exchange) is a Calgary-based cryptocurrency exchange founded in 2018. They offer 30+ cryptocurrencies, beginner and advanced trading tools, free interac e-transfers, and a simple user interface. NDAX is a solid cryptocurrency exchange specifically tailored towards a Canadian audience. It has competitive fees, an excellent support staff, and a wide selection of cryptocurrencies to trade. The addition of staking makes it a much more compelling — and potentially profitable — place to trade crypto.

1. Information regarding a business’s commitment to reducing their environmental footprint and meeting sustainability goals will be shown here, if applicable.
2. Do yourself a favor and don’t invest your money here.
3. Companies can ask for reviews via automatic invitations.
4. They have a great support team and they offer many cryptocurrencies.
5. The National Digital Asset Exchange Inc. (NDAX) – situated in Calgary – is one of the best Canadian crypto exchanges around.
6. Withdrawals have a $4.99 fixed fee which was lowered from $25.

However, the downsides include low volume on certain altcoins, high crypto withdrawal fees, and a limited selection of assets. I headed to Reddit, Trust Pilot and other online reviews to see what other people thought about NDAX. The main concerns are slow withdrawal times, blocking or holding crypto deposits, and slow customer service. Despite a few negative reviews, there was many positive reviews about the customer service as well and overall, NDAX is well-liked by the community. I used Ndax for many years, buying and cashing out crypto have been easy and fast (24h to move cad funds, minutes to move crypto).

Quick Summary

On the home dashboard you can get an overview of your portfolio value, transaction history and other information. There is also a Quick Buy/Sell section on the top right section of the screen. This is the easiest and quickest way for beginners to make trades on NDAX.

NDAX customer support

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. In addition, the NDAX Wealth charges no deposit fees and no withdrawal fees and offers segregated bank accounts, same-day settlement, and API connection through Rest, Websocket, and FIX. Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world. NDAX is a great platform for cheap Bitcoin and Ethereum purchases and it has free e-Transfers, 0.20% trading fees, and a simple user-interface.

NDAX Inc Reviews

Since launching in 2018, it has built a reputation for its large selection of cryptocurrencies, free deposit fees, a unique referral program, and its FINTRAC membership. NDAX has a specific set of features, such as instant ID verification, competitive fees, free deposits, staking, and 24/7 live customer support, which makes it stand out from the crowd in Canada. Quality customer support can be the defining factor in a user’s experience with an exchange. NDAX’s dedication to customer service is evident in the professionalism and readiness of its support agents. This approach ensures that all participants, irrespective of their trading volume or frequency, can engage with the platform with a clear understanding of the costs involved.

NDAX offers a trading experience that is both user-friendly and sophisticated. The mobile app enhances accessibility, with a seamless interface that caters to trading on the go. Its impact extends beyond mere functionality, as it serves as a beacon for responsible and progressive engagement with the financial technology of the future.

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 ndax review 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.

Alex is the owner of RankFi.com, where he covers all things finance, Web3, and cryptocurrency. He has been investing in Bitcoin and cryptocurrencies since 2017. Overall, NDAX is less popular than apps like Shakepay and Coinbase, yet it’s one of the cheapest places to buy Bitcoin in Canada. My tests showed that the all-in purchase fee to buy Bitcoin was 0.49%.

“Best Canadian cryptocurrency exchange”

The process of staking your assets on the NDAX platform is quite straightforward. All you have to do is choose the qualifying currency from the staking dashboard, enter the asset amount, and you’ll start earning staking rewards shortly. If you are unsure you should get independent advice before you apply for any product or commit to any plan. NDAX is a Canadian cryptocurrency exchange that serves millions of Canadians crypto enthusiasts – both newbies and seasoned pros alike. The owner of National Digital Asset Exchange (NDAX) 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.

Bitcoin and Supported Cryptocurrencies

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. To conclude our NDAX exchange review, the trading platform is a good exchange for residents in Canada to convert CAD into digital currencies. There are no fees to deposit or withdraw fiat, have same-day transfers using a local bank account and the trading fees of 0.2% are competitive in the market. The National Digital Asset Exchange Inc. (NDAX) – situated in Calgary – is one of the best Canadian crypto exchanges around.

Based on my experience, it is clear that their operations are flawed and their customer support is non-existent. Save yourself the hassle and avoid NDAX at all costs. I am new to the cryptocurrency space, I’ve tried out a couple different exchanges and NDAX is a clear winner. I’m an older lad, so I still like talking to people on the phone, and they offer that. NDAX Wealth is the platform Over The Counter (OTC) trading desk that is specially designed for institutional investors who trade $200,000 or more.

NDAX had a 0.49% total BTC purchase fee (1st place) and a 0.26% + $4.99 total fee to cash out BTC to your bank (1st place). Out of 18 platforms tested and all fees considered, NDAX had the lowest fees for buying Bitcoin in Canada. Yes, NDAX is a trustworthy cryptocurrency exchange that has been around since 2018. It is a legitimate company registered with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) and AMF (Autorité des marchés financiers) as a Money Service Business. NDAX complies with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and other applicable laws and regulations.

National Digital Asset Exchange, more commonly known as NDAX, is a Canadian exchange that allows retail and institutional traders to access a wide range of cryptocurrency assets. In this NDAX review, we will compare and assess the platform to see how it compares to the best crypto exchanges in Canada. The criteria for our analysis will include examining its features, deposit methods, available cryptocurrencies, ease of use, trading fees, security, and customer support. NDAX is a superb option for first-time investors that want to purchase cryptocurrency in Canadian Dollars (CAD).