NDAX io Review for Canada 2024 Crypto Exchange Reviews

For each deposit method, there are no minimum or maximum limits per 24 hours or account. The fastest method to transfer funds is using Interac e-Transfer which can take up to 30 minutes. Wire transfers, bank draft and crypto deposits are processed on the same day. All fiat currency deposits to NDAX are kept within local banks and not sent offshore. The registration process for the exchange is painless, its user interface is easy to navigate and the trading fees on the platform are moderate. This is a huge benefit and can’t be found on many other exchanges than NDAX.

1. This blatant lie only further solidified my concerns about NDAX’s integrity.To make matters worse, despite their promises, NDAX failed to call me back on both Saturday and Sunday as stated.
2. Payments under the referral program are made on a monthly rolling average basis.
3. Having said that, NDAX is still the cheapest platform I’ve tried so far, with a total trading cost of 1.70% including the ghost fee.
4. Below is a shared list of the article sources used for this review.

This exchange currently supports 18 of the top 30 market cap cryptocurrencies. Navigating through the ebbs and flows of the crypto market, NDAX’s journey has been a testament to resilience in a sector known for its volatility. Since its inception, the exchange has witnessed several cycles of the crypto market—bearing witness to the sharp ascents and tumultuous declines characteristic of digital assets. You must open a business account on NDAX before using it for commercial activities or funding it with money from a commercial bank account. Fill in the details for the business application form and provide all the necessary documentation proving the business’s existence to set up a business account.

NDAX Review: 2024 Edition

The fees are similar to the Canadian exchange Bitbuy, however, the total fees on NDAX are slightly cheaper due to zero 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 Wealth is the platform Over The Counter (OTC) trading desk that is specially designed for institutional investors who trade $200,000 or more.

NDAX Supported Cryptocurrencies

Just wanted to post a positive review, since I’ve only had good experiences with NDAX and all the negative reviews were starting to freak me out and second guess the exchange. I started using the exchange in 2019 on the advice of a friend and bought a little Dogecoin, which blew up in the following spring. I was able to withdraw both cash and Dogecoin and spent the next few years learning about crypto by trading the profits I made with my lucky bet on Dogecoin. Since then I have bought multiple cryptocurrencies which I have been able to transfer to a cold wallet with no major issues. I had an issue with funds not being deposited, but support got everything sorted fairly quickly.

ndax.io: Crypto Exchange

Did you know that you can now instantly shut down any sketchy websites the moment they attempt to pop up on your device? It outperforms competitors by automatically blocking 100 times more harmful ndax websites and 10 times more malicious downloads. This tab provides insight into whether ndax.io incorporates an ‘s’ at the end of the ‘HTTP’ protocol visible in your browser’s address bar.

The advantage of using the NDAX app for your crypto trades is having a team of professionals to contact if you need help. NDAX’s customer support has a team available through live chat, email, and phone. Following regulations and implementing appropriate security measures are essential for cryptocurrency exchanges considered best for Canadians. There are plenty of safe options, such as NDAX, where you can safely invest. The cryptocurrency platform provides a simple and secure way to trade digital assets and options for institutional investors, as well as avenues to stake cryptocurrency tokens. Placing orders on NDAX using the exchange is relatively simple.

What Coins Are Available on NDAX?

There is a direct support email address to get in touch with support and a live chat-bot which is useful during hours to talk to a staff member. However, after hours the chat-bot will collect your details to be contacted the next day. While we are independent, we may receive compensation from our partners for featured placement of their products or services. The more significant difference between these two exchanges is the level of customer service. While NDAX provides skilled assistance and a live chat for critical issues 24/7, the easiest way to contact the Bitbuy support staff is via email.

Trading Platforms

NDAX has become one of Canada’s favourite cryptocurrency exchanges, so let’s see what they offer that makes them so popular. One downside is that NDAX charges hefty fees when withdrawing your Canadian Dollars. The good news is that you can receive a $10 signup bonus just by using this link. 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. It is a platform that newcomers can start on, and continue to use even as they gain more knowledge.

One of the first things you will have to do once you have registered and logged in is to complete the identification verification step. This involves completing the necessary information that is required in order to open an account with NDAX. It is both normal and expected for regulated cryptocurrency exchanges to collect personal information about you, your employment, and employment, and shouldn’t be cause for alarm. The good news is that NDAX is true to its word about the flat 0.2% fee on every trade.

Which means they have to be compliant with all the anti-laundering money laws and have to perform Know Your Customer. Please talk about your experience by leaving a comment or a review at the bottom of this article. This metric quantifies the degree of connection, graded on a scale of 1 to 100, between ndax.io and websites flagged as questionable. Higher scores indicate a more pronounced link to these contentious online platforms. It seems like ndax.io has received both positive and negative feedback (occasionally), just like many other websites.

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. NDAX customer care team can be reached immediately through the live chat feature on the platform. If there’s no pressing need for immediate assistance, you can also contact the support team by email. NDAX’s security protocols are among the most stringent in the Canadian fintech field. To begin with, the exchange stores the overwhelming bulk of its virtual currencies in offline cold storage systems. These systems are protected by a multi-signature protocol designed by Ledger Vault, the industry’s leading crypto security company.

We’ve teamed up with reputable asset recovery companies to address your situation. If you’ve lost more than $1,000 to any scam, please share your story by completing the form on THIS PAGE. Recovering lost funds can be a complex process, but we’re committed to helping you regain your money. It’s important to note that our tool is not intended for vanity purposes.

NDAX is a legitimate and trustworthy company that is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The company adheres to Canada’s highest security standards and follows the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). NDAX offers insurance protection up to USD $5 million and customer funds are kept safe using cold wallet storage solutions by Ledger Vault. We may receive compensation from our partners if you visit their website. There are no deposit or withdrawal fees with CAD, Canadian dollars. NDAX has recently released the first staking protocol among major cryptocurrency exchanges in Canada.