NDAX

NDAX (National Digital Asset Exchange) is a Canadian cryptocurrency trading platform designed for both individuals and institutions. It offers a robust trading interface with advanced charting tools and a wide selection of coins. NDAX is known for its low trading fees (0.2%) and free deposits via Interac e-Transfer.

The platform is fully regulated as a Money Service Business (MSB) by FINTRAC and Revenue Quebec. It also offers a staking program for assets like Ethereum and Cardano. NDAX is a legitimate and secure platform that keeps client funds in a segregated bank account and crypto in cold storage.

Frequently Asked Questions

1. specific trading fees?

NDAX charges a flat fee of 0.2% for buying and selling cryptocurrency. This is competitive within the Canadian market, offering better value than many "no-fee" brokers that hide costs in the spread.

2. Is NDAX regulated?

Yes, NDAX is registered as a Money Service Business (MSB) with FINTRAC in Canada. They comply with all Canadian banking and anti-money laundering regulations, ensuring a compliant trading environment.

3. How fast are withdrawals?

Fiat withdrawals to a Canadian bank account are processed via direct bank deposit or wire transfer and typically take 1 business day. Crypto withdrawals are processed quickly, usually within minutes pending security checks.

4. Can I stake crypto?

Yes, NDAX offers a staking feature where you can earn rewards on supported assets like ETH, ADA, DOT, and MATIC. The rewards are automatically deposited into your account, and you can unstake according to the specific asset's protocol rules.

5. specific minimum deposit?

There is no minimum deposit amount for Interac e-Transfers, allowing users to start with very small amounts. However, wire transfers typically have a higher minimum due to banking processing requirements.