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
- ₿0.0005
- TradingView
- All popular cryptocurrencies, BRL, quick exchange service, exchange and OTC trading, internal points system with the possibility of reducing commission fees, modern level of data and funds protection
Our Evaluation of NovaDAX
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
NovaDAX is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.27 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by NovaDAX 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 NovaDAX cryptocurrency exchange is widely known in the world market due to its comfortable functionality and large trading volumes. The trading terminal is intuitive; there are several unique solutions. The website works stably, offers a progressive system of discounts and cashback when paying for third-party purchases with a plastic card. The card is linked to an exchange account and can be used in online and offline stores. Low initial deposit, large limits. There is no leverage. The exchange operates officially following Brazilian financial laws.
Brief Look at NovaDAX
The Brazilian NovaDAX exchange offers a fast exchange service for cryptocurrency-to-cryptocurrency and cryptocurrency-to-fiat exchange and OTC trading. Bitcoin (₿), Ethereum (Ξ), Tether (₮), OMG, EOS, other popular cryptocurrencies, and coins are traded on the site. Among fiats, you can find the Brazilian real (BRL) and euro. They can be used to replenish the account, trade (only BRL), and also exchange them for cryptocurrency. Investment decisions are represented by classic staking. There is a referral program with fixed payments in reals. The platform has implemented innovative proprietary solutions such as Bottrex and Vector, to automate trading and make it safer. The exchange uses the TradingView browser terminal and offers a mobile application. Standard commissions are market average but can be reduced to 0.21%/0.07% for taker/maker due to the point system.
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- a lot of cryptocurrencies and coins;
- it is possible to deposit in fiat in different ways, including bank cards;
- minimum deposit ₿0.0005, fees can be reduced due to the point system.
- there are special discounts and bonuses;
- passive earnings are represented by staking, there is a referral program, API, and bot trading;
- the exchange doesn’t set restrictions on trading strategies, limits on deposits/withdrawals are higher than the market average;
- high level of security, cloud storage, cold storage of users’ funds;
- prompt technical support that operates 24/7.
- no demo accounts, advanced training, or special solutions for novice traders;
- Some services and functions are not available for residents of other countries (not Brazil).
TU Expert Advice
Financial expert and analyst at Traders Union
The NovaDAX cryptocurrency exchange has been operating since 2018. It is headquartered in Sao Paulo. Brazilian traders popularized the site. After it added the possibility of depositing funds in EUR, the exchange expanded to the whole world. Clients are attracted by the stability and transparency of the platform.
A valid registration number NIRE 35235369291 and license number CNPJ 31.745.082/0001 are issued by the Brazilian Federal Tax Office. During the entire website’s history, there has not been any evidence found of tax evasion, financial fraud, or failure to fulfill obligations to customers.
The cryptocurrency trading terms are generally comfortable. There are most major cryptocurrencies and lots of trading fiat cryptocurrencies with the BRL. There is no leverage, only standard accounts. The exchange is characterized by a high level of security and stability. No technical problems were noticed during the testing of the site.
The website provides various bonuses (including starting bonuses for new users). There is an internal point system that allows you to get a discount on trading commissions. Proprietary plastic cards, which can be used for offline payment and offers cashback points as a percentage of the purchase, can be considered a unique feature of the exchange.
NovaDAX Summary
| 💻 Trading platform: | In browser - TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, fiat currencies |
| 💵 Deposit / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | ₿0.0005 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Spot: 0,15%-0,25% |
| 🔧 Instruments: | 383 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | n/a |
| ⭐ Trading features: | All popular cryptocurrencies, BRL, quick exchange service, exchange and OTC trading, internal points system with the possibility of reducing commission fees, modern level of data and funds protection |
| 🎁 Contests and bonuses: | There are bonuses (welcome, rebates, and trading volumes) |
To start trading on the NovaDAX exchange, go through the registration procedure, and then the verification procedure (confirm the data entered). This is necessary to protect against bots, fake accounts, and scammers. Further, you will have access to full functionality, but you will not be able to trade until you deposit the amount of ₿0.0005 or more. After depositing, you may trade any positions at your discretion. The exchange doesn’t set any restrictions, but there is no leverage on the website, that is, you can trade only with personal funds. Technical support is provided by the ticket system in the "Support Center'' section. You will get the answers by email. Despite there being no call center, technical support works quickly and is highly appreciated by customers.
NovaDAX Key Parameters Evaluation
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Regulation and safety
With a 6.75/10 score, NovaDAX demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- No successful hacks history
- 2FA
- Government-regulated
- Cold wallet storage
- Not U.S regulated
- No investor protection fund
- Not tier-1 regulated
- No facial recognition
NovaDAX Security Factors
We also compared NovaDAX against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| NovaDAX | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is NovaDAX a regulated crypto exchange?
NovaDAX is regulated by a government authority, ensuring compliance with national and international standards. However, it does not hold Tier-1 regulation (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or other jurisdictions with strict financial oversight). While this regulation provides an added layer of security and legitimacy, it may not offer the highest level of investor protection found in top-tier regulatory environments.
NovaDAX is authorized or licensed in accordance with local regulations in the following regions: Brasil.
Is verification (KYC) mandatory at NovaDAX?
Yes, KYC verification is mandatory at NovaDAX. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is NovaDAX available?
NovaDAX complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, India, Spain, United Kingdom, Nigeria, Malaysia, South Africa, Australia, Canada, Pakistan, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, France, Bangladesh, Thailand, Italy, Egypt, Poland, Sri Lanka, Belgium, Norway, Saudi Arabia, Vietnam, Czech Republic, Greece, Japan, Uganda, Ghana, Morocco, Finland, Bulgaria, Korea, Algeria, Azerbaijan, Estonia, Austria, China, Denmark, Germany, Kazakhstan, Uzbekistan, Moldova, Kyrgyzstan, Lithuania, Ireland, Slovakia, Georgia, Tajikistan, Armenia, Hungary, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact NovaDAX support.
Is NovaDAX available in the USA?
Yes, NovaDAX is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
NovaDAX commissions and fees
NovaDAX received a 5.7/10 score for its trading fees. While NovaDAX is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are NovaDAX trading fees?
We analyzed NovaDAX’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
NovaDAX trading fees vs competitors
| NovaDAX | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,15 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,25 | 0,22 | 0 | 0.194 |
What are NovaDAX deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0005 BTC 0,005 ETH |
Does NovaDAX offer P2P trading?
No, NovaDAX does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
NovaDAX received a 4/10 rating for its deposit and withdrawal services. NovaDAX offers limited funding options and may charge fees, which could be inconvenient for many users.
- No deposit fees
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- No support for bank card payments
- No P2P transfer option
- No Google Pay option
Deposit and withdrawal options
NovaDAX supports the following deposit and withdrawal options: Bank transfers, Crypto.
NovaDAX Deposit and withdrawal options vs competitors
| NovaDAX | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is NovaDAX minimum deposit?
The minimum deposit at NovaDAX is 1 USD/USDT or 0,0005 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
NovaDAX minimum deposit vs competitors
| NovaDAX | OKX | Kraken | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 0,0005 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 10 | 0,00001 | 1 |
Does NovaDAX support fiat money?
NovaDAX supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
NovaDAX received a score of 4.5/10 in this category, indicating a modest offering of assets and markets. While NovaDAX covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Staking available
- Copy trading not available
- Yield farming not available
NovaDAX supported coins and markets vs competitors
We compared NovaDAX with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| NovaDAX | OKX | Kraken | |
| Supported coins | 383 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
NovaDAX passive income options vs competitors
We also compared NovaDAX with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
NovaDAX received a score of 8/10 for its trading apps and tools. Its mobile platforms are highly rated on both iOS and Android, delivering smooth performance, advanced charting capabilities, and real-time market data.
- App data protection with 2FA
- Advanced tools and automation with API
- Android app score 4,1
- Positive user feedback on the iOS app
- No Face ID
- No standalone desktop access
- No access to Copy Trading
Trading apps
NovaDAX provides web and mobile apps for both Android and iOS users, with an average rating of 4,6 on the App Store and 4,1 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the NovaDAX platform is for mobile use.
| NovaDAX | Bybit | |
| 2FA | Yes | Yes |
| Face ID | No | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | Yes | Yes |
| Advanced Orders | Yes | Yes |
| Trading with bots | No | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does NovaDAX offer a desktop app?
No, NovaDAX does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does NovaDAX offer advanced charting with TradingView integration?
Yes, NovaDAX offers advanced charting through direct integration with TradingView. Users can access TradingView’s full suite of indicators, drawing tools, and multi-timeframe analysis directly on the platform.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | Avenida Paulista, 1842, Torre Norte Conj 155 Sala 10 - CEP 01310-945 - São Paulo |
| Official site | http://www.novadax.com.br/ |
| Contacts |
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