Ndax, a crypto exchange with staking and auto invest options, charges a flat 0.2% fee on all trades. The platform features 30+ cryptocurrencies and does not provide any futures/margin trading markets. Only CAD is accepted for fiat deposits.

Ndax Exchange Company Specifics and Regulation
Ndax, operating under the legal name Ndax Canada Inc., is a Canadian crypto exchange. Key Data About The Company:
- Founded in 2018 by CEO Bilal Hammoud
- Based in Calgary, Alberta, Canada
- Registered as a Money Service Business (MSB)
- Registered as an investment dealer with Canadian Investment Regulatory Organization (CIRO)
- Supervised by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
Ndax Summary of Details and Specifics
This exchange operates based on a set of features discussed in the table below:
Exchange | Ndax |
Launch Date | 2018 |
Levels | N/A |
Trading Fees | 0.2% |
Restricted Countries | Only Available for Canadian Residents |
Supported Coins | 30+ |
Futures Trading | None |
Minimum Deposit | None |
Deposit Methods | Interac E-Transfer, Wire Transfer, Crypto |
Withdrawal Methods | Interac E-Transfer, Wire Transfer, Crypto |
Maximum Leverage | 1x |
Minimum Trade Amount | N/A |
Security Factors | 2FA, SOC2 Type II Certification, Cold Storage, $5M Insurance for Cold Wallets and $3M Insurance for Hot Wallets, Segregated Accounts, Multi-Signature Approvals, and More |
Services | Staking, Auto Invest |
Customer Support Ways | Email, Live Chat, Ticket |
Customer Support Hours | Monday to Friday, 10:00 am to 12:00 am (EST) |
Fiat Deposit | CAD |
Affiliate Program | Yes |
Orders Execution | N/A |
Native Token | None |
User Levels
Per our investigations of the exchange and its platform, there is no leveling system designed for users. Some companies create a structure for putting users in different levels based on their trading volume, verification status, etc.
Commissions and Fees in Ndax
This exchange offers a straightforward fee structure as stated on the official website. Costs Overview:
- Trading Fees: Flat 0.2% for all transactions
- Deposit Commission: No fees for CAD deposits via Interac e-Transfer or wire transfer
- Withdrawal Fees: Costs vary by cryptocurrency for crypto, $1.50 for Interac e-Transfer and $4.99 for wire transfers in fiat currencies
- Staking Costs: 20% administration fee on total generated rewards
List of Tradable Coins and Tokens on Ndax Exchange
This exchange offers a limited list of only over 30 cryptocurrencies for trading, including:
- Bitcoin [BTC]
- XRP
- Binance Coin [BNB]
- Solana [SOL]
- Cardano [ADA]
- Tron [TRX]
- Litecoin [LTC]
- Stellar [XLM]
- Polkadot [DOT]
- Shiba Inu [SHIB]
- Internet Computer [ICP]
Futures And Margin Trading
For traders looking for advanced trading options, it's important to note that Ndax does not offer futures or margin trading. This limitation is probably because the platform is a regulated exchange.
Account Opening and Verification on Ndax
Note that only traders resident in Canada can register with the exchange. Here’s a helpful guide:
- On the website’s homepage, click on “Sign Up”;
- Choose your country (must be Canada), then enter your name, username, and email address and create a password;
- Type in the verification code sent to your email address;
- Read the terms, conditions, and documents and agree with them.
You have successfully created your account with the exchange. For identity verification, provide additional personal details and required documents.
Security Measures and Safety Factors on Ndax
The exchange has published a lot of information regarding security factors on its website. Some of the most important measures include:
- Two-Factor Authentication (2FA): Required for all accounts
- SOC 2 Type II Certification: Demonstrates commitment to maintaining high security standards
- Cold Storage: Majority of user assets held in offline wallets
- Insurance: $5M insurance for cold wallets and $3M for hot wallets
- Segregated Accounts: User funds kept separate from operational funds
- Multi-Signature Approvals: Required for withdrawals and critical account changes
Deposit/Withdrawal Options
Ndax offers 3 methods for depositing and withdrawing funds:
- Interac e-Transfer
- Wire transfer (free)
- Crypto blockchain transactions
Trust Ratings in Ndax
When considering an exchange, it's crucial to look at user reviews and trust scores. Ndax’s Score on REVIEWS.io and Other Sources:
- Trustpilot: 3.3/5 stars based on 180+ reviews

- ScamAdviser: 1.3/5 user score (10+ reviews), but 100/100 trust score
- io: 2.2/5 stars based on over 390 reviews
Copy Trading and Passive Income Options on Ndax Exchange
The exchange offers two main options for users looking to earn passive income:
- Staking: Users can stake various cryptocurrencies, including Cardano, Ethereum, and Sui, earning up to 13% APY;

- Auto Invest: This feature allows users to set up recurring purchases of cryptocurrencies, enabling Dollar-Cost Averaging strategies.
Writer's Opinion and Conclusion
Ndax has a 3.3/5 score on “Trustpilot”, with more than 180 user reviews. On REVIEWS.io, the score is lower at 2.2/5 based on 390+ ratings. ScamAdviser has given a 100/100 Trustscore to the platform. The support team is available Monday to Friday, 10:00 am to 12:00 am (EST)