Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Pros & Cons
- 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).
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.
TU Expert Verdict
NovaDAX demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Crypto Exchanges Traders Prefer
NovaDAX User Reviews
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5-star
0%
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4-star
26%
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3-star
53%
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2-star
5%
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1-star
16%
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NovaDAX Commissions and Fees
Score:This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.5.7 /10NovaDAX 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 CoinMetro Industry average Based on the evaluation of over 100 leading crypto exchanges Spot, maker fee (%) Maker fees are charged when liquidity is added to the order book. This occurs by placing a limit order below the current market price for buy orders, or above the market price for sell orders. 0.15 0.22 0.1 0.15 Spot, taker fee (%) Taker fees are charged when liquidity is removed from the order book. This typically happens when a trade is executed at the market price. 0.25 0.22 0.2 0.194 What are NovaDAX deposit and withdrawal fees?
Deposit fee, % Important! Even if an exchange does not charge fees for deposits and withdrawals, there can also be fees from the payment system or cryptocurrency network used by the user. For example, the network fee for USDT TRC20 is typically around $1. 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.
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Regulation and Safety
Score:Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology6.8 /10With a 6.8/10 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.
- Government-regulated
- Cold wallet storage
- No successful hacks history
- 2FA
- Not tier-1 regulated
- No investor protection fund
- Not U.S regulated
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 Security Factors NovaDAX Coinbase Kraken Tier-1 regulation NoYesYesGovernment-regulated YesYesYesInvestor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform. NoYesNo2FA YesYesYesFacial recognition NoNoNoCold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks. YesYesYesSuccessful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record. NoYesNoIs NovaDAX a regulated crypto exchange? Regulation is crucial for the security and legitimacy of a cryptocurrency exchange. We assess the exchange’s regulatory status and its impact on platform reliability.
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.
Is NovaDAX available in the USA?
NovaDAX is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Coinbase, Kraken, OKX .
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Deposit and Withdrawal
Score:We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.4 /10NovaDAX 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
- Many cryptocurrencies for deposits and withdrawals
- Bank transfers for deposits and withdrawals
- No Google Pay option
- No support for bank card payments
Deposit and withdrawal options
NovaDAX supports the following deposit and withdrawal options: Bank transfers, Crypto.
NovaDAX Deposit and withdrawal options vs competitors
NovaDAX Coinbase Kraken Bank transfers YesYesYesBank card NoYesYesCrypto YesYesYesPayPal NoYesYesWhat is NovaDAX minimum deposit?
The minimum deposit at NovaDAX is 1 USD/USDT or 5 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 Coinbase Kraken Minimum deposit, USD or USDT 1 10 10 Minimum deposit, BTC 5 1 1 Minimum trade amount, USD/USDT 10 2 1 Does NovaDAX support fiat money?
NovaDAX supports fiat currency trading and account funding. The following fiat currencies are accepted: USD, BRL.
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Supported Coins & Markets
Score:Evaluates the range of available cryptocurrencies, fiat currencies, and markets, as well as investment tools like staking, farming, and other yield options. Read more in the Methodology section.4 /10NovaDAX received a score of 4/10 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
- Crypto futures not available
- No TradFi perpetual futures trading
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 Coinbase Kraken Supported coins 383 400+ 400+ Futures/Perpetual contracts NoYesYesOptions NoNoNoNFTs NoYesYesTokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate. NoYesYesTradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities. NoYesYesPrediction Markets Markets where users trade contracts based on the outcomes of future events. NoNoNoOther Assets NoPre-IPO Forex, IPO 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.
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Trading Apps & Tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn more in our Methodology.8 /10NovaDAX 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.
- Positive user feedback on the iOS app
- Advanced tools and automation with API
- App data protection with 2FA
- Advanced charting with TradingView support
- No Face ID
- No access to Copy Trading
- No standalone desktop access
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 Coinbase Kraken 2FA YesYesYesFace ID NoNoNoMob Indicators YesYesYesAlerts YesYesYesAdvanced Orders These are specialized trading features that give users more precise control over how trades are executed. Examples include Stop-Limit, Trailing Stop, and OCO (One Cancels the Other). These tools may only be available on the web version of the platform. YesYesYesTrading with bots NoNoNoAPI YesYesYesExtra trading platforms These refer to third-party platforms supported by the crypto exchange in addition to its own proprietary system. NoNoNoDoes 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.
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Customer Support
Score:We evaluated Customer Support at NovaDAX based on the availability of live chat, email, phone support, ticket systems, help center resources, 24/7 assistance, multilingual support, and response time. Our assessment focuses on support accessibility and responsiveness. Learn the assessment criteria3.9 /10NovaDAX provides below-average customer support, with noticeable limitations in communication channels, service availability, or additional assistance resources.
During TU testing, the exchange received a relatively low score for support accessibility and responsiveness. Users may face difficulties obtaining timely assistance with account access, deposits, withdrawals, or trading-related issues.
- Comprehensive help center available
- Support ticket system available
- Multilingual customer support
- Email support unavailable
- Phone support unavailable
NovaDAX Support Channels vs Competitors
NovaDAX Coinbase Kraken Live Chat YesYesYesEmail Support YesNoNoPhone Support NoNoNoTicket System YesYesYes24/7 Support YesYesYesHelp Center / FAQ YesYesYesMultilingual Support YesYesYesContacts 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 encarregado.lgpd@novadax.com
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FAQs
How safe and regulated is the NovaDAX cryptocurrency exchange?
NovaDAX has a safety score of 6.8/10, reflecting a moderate level of security and regulation. It is government-regulated in Brazil and uses measures such as cold wallet storage and 2FA, with no history of successful hacker attacks, but it does not have Tier-1 regulation or an investor protection fund.
What deposit and withdrawal methods and limits does NovaDAX offer?
NovaDAX supports deposits and withdrawals via bank transfers and cryptocurrencies, with no deposit fees and a minimum deposit of 1 USD/USDT or 5 BTC. The minimum trade size is 10 USD/USDT, and options such as Google Pay and PayPal are not available.
What do user reviews say about NovaDAX?
Based on available user reviews, NovaDAX has a user satisfaction score of 5.8/10 from 19 reviews, indicating mixed opinions. Around 26% of users left 4-star ratings, 53% left 3-star ratings, while 16% gave 1-star ratings and 5% gave 2-star ratings.
Which coins and markets are available for trading on NovaDAX?
NovaDAX offers 383 supported coins and provides access to fiat currencies, including USD and BRL, as well as staking for passive income. It does not offer crypto futures, perpetual contracts, options, NFTs, tokenized assets, traditional finance perpetuals, prediction markets, yield farming, or copy trading.
What customer support options does NovaDAX provide?
NovaDAX has a customer support score of 3.9/10, indicating below-average accessibility and responsiveness during testing. The exchange offers 24/7 live chat, email support, a ticket system, a help center/FAQ, and multilingual support, but does not provide phone support.
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