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.
Supports many different cryptocurrencies
Insurance protection for lost funds
NDAX stands for National Digital Asset Exchange and was founded in 2017 by Bilal Hammoud. The company is headquartered in Calgary, Alberta, Canada and is built on institutional-grade infrastructure. NDAX is considered to be Canada's most advanced cryptocurrency trading platform. It offers a large portfolio of digital currencies that may be traded and paired with Canadian Dollars. The exchange caters to mostly high net worth individuals, traders, and institutions. However, one does not need to be a large buyer in order to enjoy the world-class experience, security, and features that NDAX offers. 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.
NDAX has some of the highest standards for security while adhering to all of the latest regulations required for cryptocurrency exchanges. The NDAX team aims to provide the smoothest experience for all of their users with the most in demand features for trading. Here are the main features that NDAX’s platform provides for its users:
“NDAX is a Canadian cryptocurrency exchange that lets Canadian users change CAD to any cryptocurrency or vice versa. The website design is very comfortable and intuitive. It looks modern and cool. The trading fees are very low. Nevertheless, the withdrawal fees can bite into your profits.”
“NDAX is changing the game for Canada’s crypto industry from its home base in Calgary. This newcomer to the Canadian exchange landscape offers a solid selection of popular coins, a good relationship with a bank (imagine that!) as well as advanced order options.”
“NDAX Wealth provides a seamless and secure high-volume trading experience with the benefit of a dedicated account executive to guide clients through initial consultations and each subsequent transaction.”
NDAX aims to be the most secure and compliant exchange in Canada. By using segregated bank accounts for user fiat funds, NDAX utilizes their banking relationships to keep funds separate from the exchange’s operating capital. This allows for all parties involved to receive funds in the event of insolvency. By being registered with FINTRAC and the AMF as a Money Service Business (MSB), NDAX complies with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and other applicable laws and regulations. NDAX maintains strict Know Your Client (KYC) processes aligned with industry best practices. Every NDAX user must enable Two-Factor Authentication (2FA) in order to withdraw or deposit funds. Users are also required to confirm all withdrawals via email, acting as a third form of verification. NDAX also has protection insurance for their hot and cold storage assets. NDAX’s Distributed Denial-of-Service-Protection (DDoS) mitigation reliably monitors, resists, and defends against any threats to the NDAX platform.
NDAX is an excellent exchange for traders who are looking for security and quick transactions. NDAX aims to create the most secure and seamless experience for traders, high net worth individuals, and institutions. Retail investors benefit from the high standards that are necessary to service huge transactions. NDAX holds a majority of user funds in an offline, multi-signature wallet in order to adhere to the highest standards of digital asset security.
At this time, the NDAX team does not have plans to operate outside of Canada.
No, NDAX does not require a minimum initial deposit or an opening balance.
No fee is required when signing up for an NDAX account.
Yes, users may receive $10 for every referral and a 10% commission from the revenue generated from their referrals. The more referrals a user signs up, the more commission they will receive from each referral’s transactions.
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