The bank that you use to fund your account also needs to be Canadian. NDAX’s biggest drawback is that it has a limited range of cryptocurrencies. NDAX is required to collect personal information in order to comply with anti-money laundering regulations. You will need to share your name, email address, and phone number.
Trading crypto on Ndax means paying a clear 0.2% commission per buy or sell; there is no added markup, with spreads generally aligned with spot market rates for top coins. For transfers, crypto withdrawals have fixed network-based charges; amounts vary by asset but are published transparently. Institutional Client, who handle large volumes of crypto assets, are highly sensitive to transaction fees. High Ethereum withdrawal fees, especially during network congestion, could quickly add up, making large withdrawals expensive. By reducing these fees, we offer a more cost-effective solution for managing portfolios, helping minimize transaction costs and maintain competitive margins.
Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets. For more details on the categories considered when rating brokers and our process, read our full methodology. To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy. Bitbuy is the winner in terms of security, as it is the most trusted and secure exchange in Canada and hasn’t been hacked since its establishment in 2016.
It comes with fee-free deposit options like Interac e-Transfer, bank draft, and wire transfer. The platform offers a user-friendly trading environment complemented by efficient customer service. At Ndax, the integrated crypto wallet supports secure storage, transfers, and withdrawals for all supported assets.
I check for 2FA, cold storage, and ideally, insurance on digital assets. I try to use regulated Canadian platforms that are transparent, easy to use, and built for long-term reliability. When comparing crypto exchanges, Australians should consider fees, features, security, and suitability for their trading goals. One downside of Bitbuy is that it only supports 17 cryptocurrencies.
Whether you’re new to trading crypto or trading regularly, low-fee platforms like Bitbuy and Kraken offer something for every Canadian trader. Cryptocurrency trading involves significant risks, including the potential loss of your entire investment. Prices can be highly volatile, and past performance is not indicative of future results. Please consider your financial situation, risk tolerance, and ndax seek independent financial advice before engaging in cryptocurrency trading.
However, some users have expressed concerns about the platform’s limited cryptocurrency offerings compared to larger exchanges, although this is expected to improve over time. Ndax has no minimum deposit requirement for Canadian Dollar deposits via Interac e-Transfer or wire transfer. You can fund your account with any amount, making it accessible for users of all budgets. There are also no deposit fees for fiat or supported cryptocurrencies.
The installed software should be listed as “Installed” in the “Applications” section. Software Center is a SU application installed on many SU issued devices running Windows 10. Software Center allows users to install pre-approved applications without the need for admin rights.
Ndax build the OTC desk specifically for those investors that want to place orders of $200,000 or more. Ndax provides access to a deep liquidity pool to enable quick transactions with no price slippage. Ndax wealth clients will receive personalized service to assist with all of their large orders.
The platform does not charge deposit fees, and withdrawal fees are limited to network fees, making it one of the most cost-effective platforms for Canadians. Bitbuy is known as the most secure and trusted cryptocurrency exchange in Canada. They have servers secured across multiple world class cloud providers and disaster recovery locations. Bitbuy’s privately maintained codebase keeps core components closed source, so your intellectual property is safe. Ndax primarily generates revenue through its flat 0.2% trading fee on every buy and sell order.
Ndax has a transparent and competitive fee structure, making it appealing for both casual and active traders. I appreciate the flat 0.2% buy/sell trading commission, which is straightforward and no-nonsense—there are no tiers, hidden spreads, or volume-based changes. This is lower than many international brokers and a touch better than several Canadian competitors, giving cost certainty regardless of trade size.
KYC is standard for centralized crypto exchanges as they all have to ask for verification, but NDAX takes it a step further. The platform, complying with Canadian law, users cannot trade even small amounts without going through KYC. Fiat withdrawals, such as those made in Canadian dollars (CAD), may incur additional fees, particularly when transferring funds to a bank account.
