NDAX Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Variety of cryptocurrencies and coins, only the Canadian dollar as fiat, a three-level referral program with payments to both parties, no investment programs, trading commissions do not depend on the trading volume
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Variety of cryptocurrencies and coins, only the Canadian dollar as fiat, a three-level referral program with payments to both parties, no investment programs, trading commissions do not depend on the trading volume
Our Evaluation of NDAX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
NDAX is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.19 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by NDAX clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The NDAX exchange is among the largest Canadian intermediaries. It has been working stably and progressively for years, and it has not been noticed in negative situations. It offers trading in dozens of crypto-to-crypto and crypto-to-fiat pairs. The exchange has a low entry threshold, and there is no minimum deposit but there is a standard TradingView terminal, and fixed commissions of 0.2%, which are below the market average. You can reduce commissions through bonuses from the Traders Union. There are also mobile apps for iOS and Android. The referral program includes several levels, and the Bug Bounty program can become an extra source of income. The exchange is convenient for novice traders, experienced traders, and corporate clients. A special advantage is prompt technical support, including a call center that operates twenty-four/seven.
Brief Look at NDAX
The Canadian NDAX exchange is a cross-functional trading platform for cryptocurrency and coins. You can find here pairs with Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Ripple, Cardano, and other assets. Only the Canadian dollar represents fiats. The website has a standard trading terminal, an API, an OTC trading service, and a three-level referral program. Moreover, trading fees are fixed at 0.2% and don’t depend on trading volumes. There are no demo accounts and no minimum deposit. The exchange is positioned as one of the most stable and fastest in the region. Transactions are quick, and all transfers with the participation of cryptocurrencies are carried out instantly, while transfers with the Canadian dollar take no more than 1 business day for deposits and withdrawals. The website is officially registered, and its license is valid.
- variety of cryptocurrency-to-cryptocurrency pairs;
- the Canadian dollar is traded with almost all cryptocurrencies and coins;
- high transaction speeds for trades, deposits, and withdrawals;
- high level of platform security provided by multi-level encryption;
- fixed trading commissions of 0.2% don’t depend on the trading volume and other factors;
- there are no deposit fees; withdrawal fees are low and fixed and don’t depend on the withdrawal amount;
- integrated OTC trading service and institutional account solutions;
- instant crypto function for the free transfer of cryptocurrencies, coins, and fiats between exchange clients.
- no investment solutions;
- there are no solutions for novice traders (for example, demo accounts).
TU Expert Advice
Financial expert and analyst at Traders Union
The NDAX exchange is a progressive Canadian exchange headquartered in Calgary. License data is available in the public domain and all licenses are active. There were no cases of fraud uncovered, and the exchange operates transparently within the framework of the Canadian financial laws. The exchange has no unresolved conflicts with clients or the regulators.
The trading terminal and mobile application of the website allow you to trade dozens of crypto-crypto and crypto-fiat pairs. Only the Canadian dollar is represented among the fiats, and it is traded with all other assets. You can deposit and withdraw funds using several channels, including cryptocurrency wallets and bank cards. The exchange has significant limits.
There are no restrictions on trading strategies; an API is offered to professional traders, and there is an integrated OTC trading service called NDAX Wealth for those who trade over $200,000 per month. Special terms apply to institutional clients.
The exchange offers equally profitable commissions for users with different experiences and trading volumes. The taker/maker commission is fixed at 0.2%, and there are no trading levels on the site. For any questions, contact technical support via online chat, email, or call the call center. The expert assessment showed that in terms of the promptness of the technical specialists' answers, NDAX is among the leaders.
NDAX Summary
| 💻 Trading platform: | TradingView, in the browser |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, CAD |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, CAD |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | n/a |
| ⭐ Trading features: | Variety of cryptocurrencies and coins, only the Canadian dollar as fiat, a three-level referral program with payments to both parties, no investment programs, trading commissions do not depend on the trading volume |
| 🎁 Contests and bonuses: | Traders Union bonuses |
To start trading on the NDAX cryptocurrency exchange, go through the standard registration and verification procedures. The KYC standard verification process usually takes no more than a day. After that, you get full access to the website's functionality and regulate your financial policy yourself (there is no minimum deposit required). The exchange doesn’t offer leverage, so you should rely solely on your budget for trading operations. You can use email, online chat, and telephone (call center) to contact technical specialists and get detailed advice. Find them in the "Contacts'' section. The technical support of the exchange works around the clock.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.2% per transaction | Yes |
The exchange doesn’t take a commission for deposits. Cryptocurrency is deposited instantly, fiat deposit takes no more than 1 business day (taking into account the bank's operating hours). There is no minimum or maximum deposit limit.
The website takes commissions for withdrawals (this is typical for modern cryptocurrency exchanges). The commission is $25 for fiat money, regardless of the withdrawal channel and the withdrawal amount. There are no withdrawal limits. The commission for the cryptocurrencies withdrawal is also fixed, but it differs for each asset. In general, commissions are below average for the segment. For example, the Bitcoin withdrawal fee is ₿0.000399, while the Ethereum withdrawal fee is Ξ0.0099.
The Instant Crypto function is available to exchange clients. It is integrated into the platform's infrastructure and allows you to transfer cryptocurrencies, coins, as well as fiat for free between clients of the exchange. There are no commissions charged for these transactions.
| Broker | Average commission | Level |
|---|---|---|
|
$0.2 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
The cryptocurrency exchange doesn’t offer investment solutions to its clients. Website users make money by actively trading cryptocurrencies, coins, and fiat money. Of the passive profit opportunities, there is only the Bug Bounty program in addition to the referral program. The site is ready to pay users who have discovered vulnerabilities or errors. The minimum payout is $20, the total amount depends on how critical is the problem.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
NDAX’s affiliate programs
The exchange offers a three-level referral program. Register and verify to take part in it. You do not have to trade to become a member of the program.
Find an affiliate link in your personal account. You can post it on any other site and distribute it in a user-friendly way. A trader who follows the link to the exchange, registers, and starts trading, becomes your referral (partner). A referral brings passive income to you, depending on the total number of relevant referrals from the link:
up to 10 referrals – $10 for each referral and 10% of his commissions;
up to 20 referrals – $15 for each referral and 10% of his commissions;
over 20 referrals – $25 for each referral and 10% of his commissions.
Each referral, regardless of the level of the link owner, is provided $10 after registration and verification. These payments are made within 30 days from the date of the target action.
All statistics are displayed in your personal account. There are two restrictions on earnings from each referral:
no more than $1,000 in total;
1 year after registration; the user loses the referral status and no longer brings income to the exchange client who invited him.
User Satisfaction