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Ndax Review 2025

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Ndax Review 2025
CIRO-RegulatedFlat 0.2% Trading Fee
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Your Capital is at risk.

Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Ndax
Headquarter:Canada
Founded:2018
Coins:30
US Accepted:
Max Leverage:1:1
About
Ndax is a cryptocurrency exchange headquartered in Calgary, Alberta, Canada Canada and regulated by CIRO. The platform provides 3 payment methods [Interac e-Transfer, wire transfer, crypto] with platform applications on iOS and Android.
Rank and Score
Pros and Cons
User Levels
Pros
Strong Focus On Security
Supervised by Financial Authorities
Staking Option for Earning Passive Income
Cons
Only Available for Canadian Residents
No Margin or Futures Trading Options
Smaller Selection of Cryptocurrencies

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
Ndax Review: Trading fees, registration, and other details

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:

  1. On the website’s homepage, click on “Sign Up”;
  2. Choose your country (must be Canada), then enter your name, username, and email address and create a password;
  3. Type in the verification code sent to your email address;
  4. 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
Ndax on Trustpilot
Ndax has received an average of 3.3/5 on Trustpilot
  • 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;
Ndax staking
Coins/tokens that are available for staking on Ndax exchange
  • 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)

FAQs

Is Ndax available to non-Canadian users?

No, the exchange is exclusively available to Canadian residents.

Does Ndax offer margin or futures trading?

No, it focuses on spot trading and does not offer margin or futures trading options.

What are the fees for trading on Ndax?

The company charges a flat 0.2% trading fee for all transactions.

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