I typically choose the free method, even if it means waiting longer to receive the cash. Accessible and easy-to-use cryptocurrency trading for beginners and experienced traders alike. Choose from Simple Convert Trade or Base Pro Trade options, designed to cater to various skill levels and technical knowledge, for seamless, one-click trading experiences. From offering a variety of market and limit orders to advanced trading features, NDAX provides Canadians with the best trading platform, including transparent pricing and no hidden fees.

If you want to invest, research your options and consider whether crypto fits with your overall investment strategy, risk profile and investment goals. NDAX pays its affiliates 10% commissions and up to $25 per referral, which you will receive in CAD within 30 days. The NDAX Wealth  Over-The-Counter (OTC) services are one of the most reliable liquidity pools in North America. 1 The use of “featured”, “popular”, “best” and “top” on Finty do not constitute a product rating or recommendation and are subject to our general disclaimer.

1. Be sure to review the provider’s terms and conditions for all products and services displayed on MoneySense.ca.
2. But at least you get access to the important ones like Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Cardano (ADA), Dogecoin (DOGE), and other popular coins.
3. NDAX is arguably the most secure platform to buy and sell cryptocurrencies in Canada.
4. NDAX’s security standards are robust, and the platform provides customer service via live chat, email and phone, with an expected response time of 24 hours for messages received off-hours.
5. In Partner, there are 20+users and the user gets $25 while the referral gets $10.

Consult with one of our thought leaders and learn about mining, security, Lightning network, DeFi, taxes and many other topics. Be prepared for the financial revolution and get the knowledge you need.. We’ve even highlighted one letter from each new coin and product release in the word jumble. Our team of knowledgeable customer support representatives are standing ndax by 24/7 to answer any questions that you may have. Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website. You don’t have to actively trade to participate in the referral program, but you are required to have an NDAX account.

NDAX has a low trading and commission fees amongst similar cryptocurrency trading platforms. 2) Low trading fees of only 0.2% is great for new investors who can get more crypto for their CAD, and is also perfect for frequent traders, to maximise profits. Crypto trading platforms may run stake pools that customers can join. While some platforms offer staking free of charge, others charge a fee, typically a percentage of the reward received, ranging from 10% to 25%. After trading, your digital assets are sent to multi-signature cold storage powered by Ledger Vault.

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Here you will find advanced order types such as trailing stop loss, iceberg orders and fill or kill orders. This helps out if you are a trader with special day trading strategies for crypto that requires a more complex entry. There is also a quick buy and sell function for those investors that are simply looking to purchase a coin without using a chart. NDAX is arguably the most secure platform to buy and sell cryptocurrencies in Canada. Learn about all of the features and offers NDAX has available for retail and institutional investors. Empower traders with advanced tools and features, including order types, charting, real-time market data, and technical indicators.

A Note About Signing Into Your Account

With its strong ties to Canadian banks and enhanced governance framework for its cryptocurrency storage, the majority of Canadians now have access to fast, simple, and secure trading. The NDAX platform aims to be the most secure and compliant cryptocurrency exchange in Canada. Unlike other crypto trading platforms that are vulnerable to online hacking attacks, majority of digital assets are offline in a cold storage and fiat at a Canadian financial institution. You can buy, sell and stake crypto in Canadian dollars on a crypto trading platform like NDAX, which is a fully regulated and compliant platform offering a large selection of coins. NDAX has a considerably low transaction fee of 0.2%, and it does not apply a spread or any other markups. It also offers multiple free deposit options and charges $4.99 flat for withdrawals.

Transfer Fees

To become an affiliate, use your NDAX login to get a unique affiliate link. Some of the products and services listed on our website are from partners who compensate us. This may influence which products we compare and the pages they are listed on. A ticketing system is also available at with responses within 24 to 72 hours. NDAX offers a set of powerful cryptocurrency trading tools for Canadians.

Technical traders will enjoy this interface and thanks to the Tradingview charts, it’s free of lag. Having said that, NDAX is still the cheapest platform I’ve tried so far, with a total trading cost of 1.70% including the ghost fee. When you add the markup and the trading fee to the mix, this purchase cost me a total of 1.70%, and the majority of that cost is attributed to the missing $0.30.

While I couldn’t find the exact percentage, NDAX states on their website that they hold the majority of their assets offline, in cold storage, for maximum security. NDAX only deals in Canadian dollars, so you can’t deposit crypto or any foreign fiat currency directly into your account. However, the good news is that deposits are free, regardless of the amount. NDAX also provides a feature called as Instant ID verification which helps the user to start trading just after creating an account. National Digital Asset Exchange (NDAX) is an online crypto-trading platform.

You will always have to trade back into CAD and then re-trade your CAD with the new token you want. The charting options are decent but not amazing compared to platforms like Coinbase and Kraken. The customization is limited along with the charting indicators available. But you still have access to popular and effective tools like Moving Averages, Relative Strength Index (RSI), Bollinger Bands, and more. Unfortunately, another downside is that NDAX has an extremely limited selection of coins.

Same Day Deposits & Withdrawals

NDAX is a great Canadian cryptocurrency exchange for beginners as well as more advanced traders. There is a simple Quick Buy and Quick Sell feature that makes it extremely easy for first-timers to get their hands on their first cryptocurrency. Advanced charts and order types allow experienced crypto traders to analyse trends and set automatic trades to maximise profits, and the low trading fees of 0.2% are very competitive. First-time users also receive $10 FREE signup bonus when registering with this link. NDAX is a Calgary-based cryptocurrency exchange platform known for having the lowest trading fees in Canada.

One of the first things you will have to do once you have registered and logged in is to complete the identification verification step. This involves completing the necessary information that is required in order to open an account with NDAX. It is both normal and expected for regulated cryptocurrency exchanges to collect personal information about you, your employment, and employment, and shouldn’t be cause for alarm.

If you read something you feel is incorrect or misleading, we would love to hear from you. MoneySense is not responsible for content on external sites that we may link to in articles. MoneySense aims to be transparent when we receive compensation for advertisements and links on our site (read our full advertising disclosure for more details).

With our competitive 0.2% trading fee, your investments stretch further. Try our crypto trading fee calculator below to know exactly what you’ll pay when buying or selling crypto. If you’re interested in opening a crypto trading account with NDAX, the process is an easy one. To get started, head to the NDAX website, and select the “Sign Up” button. You’ll need to provide NDAX with your name and email address, in order to set up a user name and password.