NDAX (National Digital Asset Exchange) is a Calgary-based cryptocurrency exchange that has grown into one of Canada's most respected platforms. Founded in 2018, NDAX targets Canadian investors who want a regulated, domestically-operated exchange with competitive fees and a reasonable selection of cryptocurrencies. This review covers everything you need to know about NDAX in 2025.
NDAX uses a maker/taker fee model. As of 2025, the standard fee is approximately 0.20% for both makers and takers, which is competitive by Canadian standards. Volume-based discounts are available for high-frequency traders.
Interac e-Transfer deposits are free, which is a significant advantage for Canadians. CAD withdrawals via bank wire have a small fee. Crypto withdrawals incur network fees at cost.
Compared to platforms that embed fees in spreads (like Shakepay or Newton), NDAX's explicit fee model makes it easy to understand exactly what you are paying.
NDAX supports over 30 cryptocurrencies including:
While this is not the thousands of coins available on global exchanges like Binance, it covers the most popular assets that most Canadian retail investors want.
NDAX offers a web platform and mobile apps for iOS and Android. The interface is clean and navigable, with a basic buy/sell interface for newcomers and a more detailed trading view with charts and order books for experienced traders. The platform supports limit orders and market orders.
Account verification is required before trading. NDAX uses standard KYC verification: government-issued ID and a selfie. Verification typically completes within a few hours to one business day.
NDAX stores the majority of customer funds in cold storage (offline wallets), with only a small portion in hot wallets for liquidity. The platform requires two-factor authentication (2FA) for account logins and withdrawals. NDAX has not reported any significant security breaches as of 2025.
As a FINTRAC-registered MSB, NDAX is required to maintain AML and KYC procedures, adding an institutional layer of compliance.
NDAX is registered with FINTRAC as a Money Services Business — a legal requirement for Canadian crypto exchanges. It also operates under pre-registration undertakings with provincial securities regulators, which means it has committed to compliance standards while full dealer registration processes proceed.
This regulatory standing is important for Canadian investors who want assurance that the platform is operating legally and transparently.
NDAX offers staking for certain proof-of-stake cryptocurrencies, allowing users to earn yield on holdings like ETH and others directly through the platform. Staking rewards on NDAX are taxable in Canada — the CRA treats them as income in the year received.
NDAX provides transaction history exports that you can download as CSV files. These exports include all buy, sell, deposit, and withdrawal transactions and can be imported into crypto tax software like Koinly to generate CRA-compliant Schedule 3 reports.
NDAX offers customer support via email and a help center with articles and FAQs. As a Canadian company, support is available during Canadian business hours. Response times are generally within one business day for email inquiries.
NDAX is an excellent choice for Canadian investors who:
If you only want to buy Bitcoin and Ethereum with maximum simplicity, Shakepay or Wealthsimple Crypto may be easier starting points. If you want hundreds of coins, you will need a global exchange.
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