Exchange Score: 3.8/5
Fund/Withdrawal
Coin Offerings
Fees
Services Offered
User Experience
What We Love: Pros
  • A Canadian Exchange that can hold CAD funds.
  • Free and quick e-transfer deposit of Canadian funds.
  • 0.2% Buy&Sell Fees
  • Ability to withdraw cryptocurrencies.
  • Unrivalled advanced trading options on their mobile app.
What Could Improve: Cons
  • Withdrawal of fiat funds is a flat-fee of $4.99.
  • Reoccurring purchases only available to set up on the website and not the mobile app.
  • Small selection of staking and web only.

NDAX Overview

The National Digital Asset Exchange (NDAX) is a Canadian cryptocurrency exchange that is highly ranked in our books. The platform offers a seamless trading experience for newbies and pros alike. We do wish to see more cryptocurrencies and more features added in future.

Currencies

As a Canadian exchange, NDAX allows you to hold fiat funds in the account to buy or sell cryptocurrencies. Funding the account is quick and instant with e-transfer as they have auto deposit enabled. As of this review (Sept 8, 2021), NDAX offers purchases of 17 different cryptocurrencies such as the standards Bitcoin and Ethereum, to strong contenders such as Cardano, Polkadot, Ripple, and MATIC/Polygon.

Services

NDAX offers a seamless trading experience on their mobile app. I was able to get setup in just 10 minutes and begin funding my account through e-transfer. Their mobile app offers advanced trading features such as limit, stop, stop limit, fill or kill, IOC, and reserve orders.

NDAX also offers reoccurring purchases, although it is currently only available through their website. I am a great supporter for reoccurring purchases as I believe is a great way to invest. The process is customizable to daily, weekly, and monthly purchases on all their coin offerings with a minimum of $15.

In February 15, 2022 NDAX began offering staking on its platform, although currently available via their website only with a limited section: ETH, DOT, and ADA.

Fees

Funding your account is free through e-transfer, bank draft or wire-transfer. Withdrawals however, is a $4.99 flat-fee regardless of how much you withdraw.

Trading fees are reasonable at 0.2% whether buying or selling. Fees for withdrawals of cryptocurrencies outside of the exchange are as expected and varies based on the cryptocurrency's underlying blockchain (i.e. 0.000399BTC, 0.0099ETH, 8XLM.)

Overall Experience

I had a pleasurable experience purchasing crypto on the NDAX mobile app - from setting up the account, to funding and purchasing crypto. The platform offers a reasonable crypto selection which I hope to see expand in the future and further improve their staking offerings and enable mobile support.

If you are looking for a user-friendly Canadian exchange to purchase crypto, I'd recommend checking out NDAX. Visit with our referral link below and receive $10 as a bonus when you fund and purchase $100 in crypto!

Join Team NDAX!
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