Modified:

NovaDAX Review 2025

NovaDAX Review 2025
Go to Website
Your Capital is at risk.
Company:NovaDAX
Headquarter:

Brazil

Founded:2018
Coins:640
US Accepted:
Max Leverage:1:1
Min. Deposit 0.0005 BTCStaking640+ Cryptocurrencies

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!

Your Capital is at risk.

About
NovaDAX is a Brazilian cryptocurrency exchange with a Swiss VQF license. The company, with the legal name NovaDAX Brasil Pagamentos Ltda, is a sub-organization of Abakus Group and has a 24-hour trading volume of over R$11B.
Contact
Rua Frei Caneca, 1246, 4th floor - 01307-908, São Paulo
Rank and Score
RegulationsCustomer SupportSpread &CommissionsPlatformsDeposit &WithdrawalAccountTypes
6.07Rank 51
Pros and Cons
User Levels
Pros
Large Selection of Cryptocurrencies
Fee Discount for High-Volume Traders
High Level of Security
Cons
Unresponsive Support
No Future Trading
score of blog
5 From 5.0
(1)
Rate this post
1723

NovaDAX charges a 0.25% maker fee for P2P trading in the spot market, which goes as low as 0.015% in higher VIP levels.

The same fee applies for directly buying/selling 640+ cryptocurrencies on the platform.

NovaDAX
NovaDAX Review: Fees, applications, deposit methods, and more details

NovaDAX Information and Regulation

NovaDAX is a cryptocurrency exchange founded on March 21, 2018 and based in São Paulo, Brazil. Key Details:

  • Trading Volume: R$11B+ in 24 hours
  • Legal name: NovaDAX Brasil Pagamentos Ltda
  • Sub-organization of: Abakus Group
  • Address: Rua Frei Caneca, 1246, 4th floor - 01307-908, São Paulo

NovaDAX Specifications Summary

Like other reviews on best crypto exchanges, in this section we provide a table summarizing the platform's specifications:

Exchange

NovaDAX

Launch Date

2018

Levels

N/A

Trading Fees

From 0.25% Down To 0.015%

Restricted Countries

Iran, North Korea, Cuba, Iraq, etc.

Supported Coins

640+

Futures Trading

None

Minimum Deposit

0.0005 BTC

Deposit Methods

Pix, Crypto

Withdrawal Methods

Pix, Crypto

Maximum Leverage

1x

Minimum Trade Amount

Varies

Security Factors

2FA, SSL A+ Certification, Cold Wallet, VQF License, Anti-DDoS Attack system

Services

Staking

Customer Support Ways

Email, Ticket, Live Chat

Customer Support Hours

N/A

Fiat Deposit

Yes

Affiliate Program

Yes

Orders Execution

N/A

Native Token

None

Benefits and Drawbacks

Trading with this exchange comes with its own positives and negatives. The table below mentions them side-by-side:

Benefits

Drawbacks

Large Selection of Cryptocurrencies

Unresponsive Support

Fee Discount for High-Volume Traders

No Future Trading

High Level of Security

-

User Levels

The company's website does not provide any specific information regarding this matter. We also tried to contact support, but never received any answer.

Commissions and Costs in Working With NovaDAX

The exchange's trading fees are mediocre at first, but it goes lower as you level up. Here is an overview of the tier system:

Level

Buy/Sell

Maker

Taker

VIP0

0.25%

0.25%

0.5%

VIP1

0.21%

0.21%

0.5%

VIP2

0.19%

0.2%

0.5%

VIP3

0.17%

0.19%

0.48%

VIP4

0.15%

0.17%

0.46%

VIP5

0.12%

0.15%

0.43%

VIP6

0.1%

0.12%

0.39%

VIP7

0.08%

0.08%

0.35%

VIP8

0.05%

0.05%

0.3%

VIP9

0.03%

0.03%

0.2%

VIP10

0.015%

0.015%

0.1%

Surprisingly, the exchange does not reveal any detail about each level's conditions. Even the support team did not return any answer. Regarding other costs:

  • Fiat Deposits/Withdrawals: No fees
  • Crypto Withdrawals: Variable fees depending on the cryptocurrency

You can use a crypto profit/loss calculator tool to predict a trade's outcome based on fees.

How Many Tradable Assets Are Provided?

With over 640 cryptocurrencies available for trading, NovaDAX offers one of the most extensive selections in the market. The assets are from these categories:

  • Layer1/Layer2
  • DeFi
  • Metaverse
  • Gaming
  • Fan Token
  • Storage
  • PoS
  • PoW
  • Infrastructure
  • Stablecoin
  • And more

Are Any Futures/Margin Trading Features Offered?

Unfortunately, NovaDAX does not currently offer futures market or margin trading. The exchange focuses solely on spot trading, which may be a drawback for more advanced traders looking for leveraged positions or hedging opportunities.

Registration And Verification On NovaDAX Guide

The NovaDAX registration process is quick and secure. Just follow these three steps to create and verify your account.

#1 Visit the Official NovaDAX Signup Page

Go to the NovaDAX website and click “Open an Account”.

Select your country of residence and provide a valid email address to start the process.

NovaDax form
NovaDAX registration form

#2 Confirm Your Email Address

NovaDAX sends a one-time verification code to your inbox.

Copy and paste it into the signup form to activate your account.

NovaDAX email
NovaDAX email verification

#3 Create a Secure Password

Set a strong password using uppercase, lowercase, numbers, and special characters.

Accept NovaDAX’s Terms & Conditions before continuing.

NovaDAX password
Create a secure password for your NovaDAX account

#4 Choose Your Account Type

Select between Individual or Institutional accounts.

If prompted, disclose political exposure as required under international KYC regulations.

NovaDAX account
NovaDAX account type selection

#5 Verify Your Identity

By accessing your Profile, go to the KYC/Verification section and upload a government-issued ID and, if required, proof of address.

Note: Verification is only available in supported countries, so check your eligibility before proceeding.

NovaDAX Trading Guide

To start trading on NovaDAX, create and verify your account, then fund it with fiat currency or a cryptocurrency. Head to the “Comprar e Vender” (Buy and Sell) panel, pick your preferred digital asset, and set your trade size.

You can opt for instant execution through “Compra/Venda Imediata” or take advantage of advanced tools such as limit and stop-limit orders for precision trading.

Trading Terminal Applications and Software

NovaDAX enables access to its platform via web and mobile applications (Android & iOS). The platform has integrated the chart offered by Trading View, a popular trading website for technical analysis, and offers the same drawing tools, objects, and indicators found on the mentioned website.

Access the NovaDAX terminal via the links below:

NovaDAX on App Store
NovaDAX application on Apple App Store

NovaDAX Exchange Trading Volume

Over the last three months, NovaDAX has experienced a noticeable decline in trading activity. Daily volumes frequently ranged between $20M and $40M in July, with multiple sharp peaks above $40M, signaling strong trader participation.

In August, volumes showed increased volatility, with several surges above $30M but also deeper drops closer to $15M, reflecting mixed sentiment and reduced liquidity.

By September, a gradual downtrend became evident, with most days staying under $20M and ending the month near $10M, one of the lowest points in the 90-day period.

NovaDAX trading volume
NovaDAX trading volume in July-August period

This trend suggests that market participants may be adopting a more cautious stance, potentially due to lower volatility in crypto markets or external macroeconomic factors. For active traders, this lower liquidity could mean wider spreads and more slippage during large orders.

NovaDAX Services Review

In this section, we will mention all of the services offered by the reviewed exchange:

Service

Availability

TradingView Integration

Yes

Auto Trading (Bots)

No

API Access

Yes

P2P Trading

Yes

OTC Trading

Yes

Demo Account

No

Launchpad

No

NFT Marketplace

No

Referral Program

Yes

DEX Trading

No

Auto-Invest (Recurring Buy)

No

How Secure is NovaDAX?

The platform has stated these measures as its security factors on its website:

  • Two-factor authentication (2FA)
  • SSL A+ certification for secure data transmission
  • Cold crypto wallet storage for the majority of user funds
  • Anti-DDoS Attack system to prevent service disruptions
  • Swiss VQF license

To date, NovaDAX has not reported any major security incidents, which is a positive sign.

NovaDAX Security Rankings

The platform has been ranked with medicore and relatively low ratings and scores by CER.live and Certik Skynet, two of the reputable sources in this regard:

NovaDAX Certik Skynet
NovaDAX has a BBB rating on the Certik website
NovaDAX cer.live
NovaDAX CER.live page

The table here digs into the details and numbers of the mentioned ratings and evaluations:

Category

Metric

Value

CertiK Skynet Score

Overall Score

79.75 / 100 (BBB)

Operational

91.88

Market

84.67

Cybersecurity

90.32

Fundamental

58.97

Listing Security

86.35

Community

68.46

CER.live Security Score

Overall Score

33% (DDD)

Server Security

85/100

User Security

82/100

Penetration Tests

0/100

Bug Bounty

50/100

ISO 27001

No

CCSS

No

Funds Insurance

No

Available Payment Options for Users

NovaDAX offers 2 options for making deposits/withdrawals on the platform:

  • Pix (instant Brazilian payment system) for the Brazilian Real
  • Blockchain crypto transactions

It's important to note that the only accepted fiat currency is the R$.

Trust Scores and Evaluations of NovaDAX

In this section of the review, we will go through NovaDAX's score on ScamAdviser, Trustpilot, and CoinGecko:

NovaDAX Trustpilot
NovaDAX has a 4.2/5 score on the Trustpilot website
  • ScamAdviser: 100/100 Trustscore
NovaDAX on ScamAdviser
NovaDAX has a perfect 100/100 Trustscore on ScamAdviser
  • CoinGecko: 4/10

While the number of user reviews is too low, the trust score given by ScamAdviser could indicate the platform's reliability. However, the low rating given by the CoinGecko website could be worrying for some traders.

NovaDax Features

Let's check the availability of the advanced features in the platform:

Staking

Yes

Yield Farming

No

Social Trading

No

Liquidity Pool

No

Crypto Cards

No

NovaDAX Exchange Bonus

The crypto trading platform offers a total of four promotional offers to its traders. You can see the specifics in the table below:

Bonus Type

Condition/Details

Bonus Amount (within 48h)

Bonus Amount (48h – 30d)

Extra Notes

Registration Promotion

Complete NovaDAX registration

R$5

Instantly credited to the user account; can be used to explore platform features and trade risk-free

First Deposit Bonus

R$10 ≤ Vol. < R$1,000

R$2

R$1

Deposits can be made in BRL or crypto; bonus credited instantly based on crypto rate

R$1,000 ≤ Vol. < R$20,000

R$4

R$2

Vol. ≥ R$20,000

R$10

R$5

Trading Bonus

R$10 ≤ Vol. < R$1,000

R$2

R$1

Total trading volume within the first 30 days is calculated; trades in first 48h receive double bonus

R$1,000 ≤ Vol. < R$10,000

R$4

R$2

R$10,000 ≤ Vol. < R$200,000

R$40

R$20

R$200,000 ≤ Vol. < R$1,000,000

R$200

R$100

Vol. ≥ R$1,000,000

R$600

R$300

Bonus is credited within 7 working days after task completion

Referral Program

Invite Friends + Their First Deposit

Up to R$25 (for both inviter and invitee)

Bonus amount depends on invitee’s Nova VIP level and deposit size; users who register via invite link are not eligible for “Newcomer Exclusive Benefits” campaign

Registration Promotion

NovaDAX rewards new users with a quick and easy incentive. Once you complete the registration process, you instantly receive a R$5 welcome bonus credited to your account.

This bonus can be used to explore the exchange’s features, trade digital assets, and experience the platform risk-free.

First Deposit Bonus

NovaDAX offers an attractive first deposit bonus based on both the amount you deposit and when you deposit. If you deposit within the first 48 hours after registration, your bonus will be doubled.

Deposits made between 48 hours and 30 days still qualify but receive a smaller reward. Here are the details:

Deposit Volume

Bonus (within 48h)

Bonus (48h – 30d)

R$10 ≤ Vol. < R$1,000

R$2

R$1

R$1,000 ≤ Vol. < R$20,000

R$4

R$2

Vol. ≥ R$20,000

R$10

R$5

Participants can deposit in BRL or cryptocurrency, and the bonus is credited instantly to their bonus account based on the crypto rate at the time of deposit.

NovaDAX deposit bonus
NovaDAX deposit bonus details

Trading Bonus

NovaDAX rewards users for actively trading within the first 30 days after registration. The total trading volume across all listed coins is calculated, and the bonus amount is determined based on the traded volume.

Trades made within the first 48 hours earn double bonuses, giving traders a chance to maximize their rewards early on.

Trading Volume

Bonus (within 48h)

Bonus (48h – 30d)

R$10 ≤ Vol. < R$1,000

R$2

R$1

R$1,000 ≤ Vol. < R$10,000

R$4

R$2

R$10,000 ≤ Vol. < R$200,000

R$40

R$20

R$200,000 ≤ Vol. < R$1,000,000

R$200

R$100

Vol. ≥ R$1,000,000

R$600

R$300

Bonuses are credited to the Bonus Account within seven working days after the trading task is completed. This allows traders to reinvest their rewards and enjoy more trading opportunities.

NodaDAX trade bonus
NovaDAX trading bonus specifics

Referral Program

NovaDAX lets you earn rewards by inviting friends to join the exchange. When your invited friend registers and makes their first deposit, both you and your friend receive a bonus of up to R$25, credited directly to your Bonus Accounts.

The exact amount depends on the invited user’s Nova VIP level and the size of their first deposit.

Important Notes:

  • The bonus balance is not included in your total asset calculation;
  • Users who register via invite code or link are not eligible for the “Newcomer Exclusive Benefits” campaign;
  • After your first deposit, the invitation bonus will be credited to your Bonus Account.
NovaDAX referral program
NovaDAX referral program details and conditions

Customer Support Channels and Schedule

NovaDAX offers 3 methods for reaching the customer support team. Contact Information:

  • Ticket: Submittable on the website
  • Email: suporte@novadax.com
  • Live Chat: Accessible via the website

Unfortunately, the company does not provide any data regarding the support department's working hours.

Are Any Copy Trading or Other Investment Options Provided?

Currently, NovaDAX does not offer copy trading functionality. However, it provides a staking service that yields up to 7% return on your crypto balance. These coins/tokens are available for staking on NovaDAX:

The platform claims that there are no fees related to this investment method. Also, users can always redeem their balance without losing the accrued interest.

NovaDAX Exchange Restricted Countries

This company has restricted its services to select countries in the world because of international regulations, local laws, or other reasons. While no explicit list is available, these countries are banned based on our investigations:

  • Iran
  • North Korea
  • Cuba
  • Afghanistan
  • Libya
  • Lebanon
  • United States
  • Iraq
  • And more
NovaDAX restricted countries
NovaDAX has restricted users from select countries to register with the platform

NovaDax Comparison Table

Let's take a look at the NovaDax features in comparison with other platforms; NovaDax Comparison:

Features

NovaDax Exchange

Bitget ExchangeMEXC ExchangeBingX Exchange

Number of Assets

635+10000+2800+800+

Maximum Leverage

1:11:1251:2001:125

Minimum Deposit

0.0005 BTC$15$1$1

Spot Maker Fee

From 0.0150%

0.10%0.05%0.005% - 0.1%

Spot Taker Fee

From 0.1000%0.10%0.05%0.02% - 0.1%

Mandatory KYC

YesYesYesYes

Futures Trading

NoYesYesYes

Mobile Application

YesYesYesYes

Fiat Payment

YesYesYesYes

Staking

YesYesYesYes

Copy Trading

NoYesYesYes

Writer's Opinion And Conclusion

NovaDAX uses an anti-DDoS attack system to maintain the platform's operations smoothly.

The company's website has an SSL A+ certification. On the other hand, CoinGecko has given the exchange a 4/10 "Trust Score".

FAQs

Does NovaDAX offer margin trading?

No, futures/margin trading is not supported on the platform.

Are there any investment options available on NovaDAX?

Yes, a staking service is provided by the exchange.

Does NovaDAX offer any applications?

Yes, this exchange has 2 applications, available on Android and iOS.

How many cryptocurrencies are listed on NovaDAX?

NovaDAX offers over 640 cryptocurrencies, including major coins, altcoins, and tokens across DeFi, Layer-1, Metaverse, and other categories.

What are the trading fees on NovaDAX?

NovaDAX charges a maker/taker fee starting at 0.25%, which can go as low as 0.015% for high-volume traders at higher VIP levels.

What payment methods are accepted on NovaDAX?

NovaDAX supports Pix (Brazilian real) and cryptocurrency deposits and withdrawals for both fiat and crypto transactions.

Is there a native token on NovaDAX?

No, NovaDAX does not have a native exchange token as of now.

What is the minimum deposit amount on NovaDAX?

The minimum deposit on NovaDAX is 0.0005 BTC, though this may vary depending on the coin.

Does NovaDAX require KYC verification?

Yes, NovaDAX enforces mandatory KYC, requiring government-issued ID and proof of address for full account access.

How secure is the NovaDAX platform?

NovaDAX employs 2FA, SSL A+ encryption, cold wallet storage, and an anti-DDoS attack system, and it holds a Swiss VQF license.

Does NovaDAX provide staking services?

Yes, NovaDAX offers staking for BTC, ETH, BNB, and USDT with yields up to 7%, and no withdrawal or lock-up fees.

What fiat currency does NovaDAX support?

NovaDAX supports only the Brazilian real (R$) for fiat deposits and withdrawals through Pix.

Are there any fees for deposits or withdrawals on NovaDAX?

NovaDAX charges no fees for fiat deposits or withdrawals, while crypto withdrawal fees vary by asset.

What is NovaDAX’s customer support availability?

NovaDAX provides support via live chat, ticket submission, and email, but it does not publish its official support hours.

Is NovaDAX available worldwide?

No, NovaDAX restricts users from several countries including the USA, Iran, North Korea, and Cuba due to compliance reasons.

Does NovaDAX offer copy trading or social trading?

No, NovaDAX does not provide copy trading or any social trading features at this time.

0Comment