Great news for those who use the NDAX exchange! NDAX sent out an email on Tuesday February 1st, 2022, informing it's users about the reduction of withdrawal fees on its platform from a flat-fee of $25 down to $4.99
The withdrawal fees was a major disappointment in our NDAX exchange review especially with a steep withdrawal fee of $25. It is amazing to see the exchange listen to their community's feedback and act upon their biggest request in lowering the withdrawal fees to an acceptable level.
FAQ on New Withdrawal Update
- Q) When does the new CAD withdrawal take effect? Starting today - Tuesday, February 1, 2022 - all CAD withdrawals made from your NDAX account qualify for the $4.99 flat-fee.
- Q) Is there a withdrawal limit in order to qualify for the lower fee?There is no minimum or maximum amount. It doesn't matter if your withdrawal is $5,000 or $100,000 - this low fee will always be the same. No percentages. No hidden fees.
- Q) Which CAD withdrawal methods qualify for this lower fee?Both of our existing CAD withdrawal methods, including EFT (Direct Bank Deposit) and Wire Transfer qualify for the $4.99 fee. NOTE: Wire Transfers and Bank Drafts are subject to bank business hours.
- Q) Does this change affect other NDAX fees?No, all other NDAX fees remain the same. This includes free CAD deposits, 0.2% trading fees, as well as existing crypto withdrawal fees, which vary by asset.
The new lower withdrawal fee puts NDAX in better standing versus other exchanges we've reviewed. The exchange offers plenty selection of cryptocurrencies to invest in and the platform offers unrivalled advanced trades making NDAX an excellent Canadian cryptocurrency exchange to invest with. Read our full NDAX review.
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