However, it seems that even this basic request is beyond their capabilities. Based on my experience, it is clear that their operations are flawed and their customer support is non-existent. Users can also withdraw and shift their digital assets into different crypto wallets.
- Ideal for large institutional investors and High Net Worth Individuals, Over The Counter (OTC) trading desk is available on NDAX Wealth.
- While we are independent, we may receive compensation from our partners for featured placement of their products or services.
- NDAX is also working on implementing staking for Ethereum, Polkadot and Cardano.
- There are plenty of safe options, such as NDAX, where you can safely invest.
- Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format.
The platform offers nine crypto assets, including Bitcoin, Bitcoin Cash, Ethereum, EOS, Litecoin, Stellar XLM, and XRP. NDAX excels at providing customer service, offering 24/7 support for anything you need, even via a hotline. Additionally, the Live Chat, as well as email, offers generally relatively quick responses. The feature is reserved for trades of over $200,000, with the benefit that the assets can be bought off the market at a fixed price without suffering from price volatility. The tier each user falls into is decided based on how many users join the platform via the link on a monthly rolling average basis. Users’ funds are safe as the majority are held in offline cold storage.
How to Buy Crypto on NDAX
This crypto-trading platform was launched in 2018 to drive the adoption of Bitcoin and other stablecoins in Canada. The founders of this platform have registered their company in Canada and run their operations from Calgary. Wealthsimple is a famous Canadian investment robo-advisor launched in 2014. It provides users with options for wealth management, which also includes crypto.
So by this comparison, NDAX’s offering is superior to Bitbuy’s. In addition to the trading platform, another exciting feature is NDAX Wealth, an Over-The-Counter trading service ideal for users who want to buy at a fixed rate. Our NDAX review found that fiat withdrawals usually take up to one business day, mostly depending on the bank’s business hours.
Supported Countries & Fiat Currencies
NDAX is a custodial platform, which means they take care of storing and securing your coins for you. That’s a great feature for beginners since managing your own private keys can be complicated and overwhelming. This is the only trading option available, so if you want to swap directly between crypto pairs, you’re out of luck on NDAX. You will always have to trade back into CAD and then re-trade your CAD with the new token you want. Unfortunately, another downside is that NDAX has an extremely limited selection of coins.
Best Places To Earn Interest On Crypto
Thanks to the very intuitive interface, beginners and experienced traders will enjoy the dashboard that is developed to the highest standards. As expected from a modern cryptocurrency exchange, NDAX also has a mobile application that’s available on both the Android and iOS platforms. The application supports cryptocurrency buying and selling, as well as the portfolio management and recurring buy features that we’ve just covered. While the app is still technically in beta, it should serve as a solid mobile companion for NDAX users who want to trade on the go. Yes, NDAX is a very safe cryptocurrency exchange, with its security standards among the highest in the Canadian FinTech industry. One of the best features of the NDAX platform is the exceptionally low trading fees.
The lack of cryptocurrency choice is the biggest issue I found with NDAX. NDAX has a very beginner-friendly trading interface that lets you analyze your coins technically through the Tradingview charts and also with a complete order book engine. The trading dashboard is very clean which I like when I’m trading myself.
Can i buy Bitcoin with fiat on NDAX?
NDAX has also implemented a Distributed Denial-of-Service-Protection (DDoS) that protects the platform against hacks and other malicious attacks. That platform is run over multiple servers isolated from each other which are monitored around the clock. If one server is attacked, the entire network shuts down to protect the user’s digital assets. Assets that remain on the exchange in a hot wallet are similarly insured and secured with advanced technology called Multi-Party Computation.
What this means is that the funds are essentially unstealable as no hacker can gain access to them. Yes, NDAX is seen as one of the most secure trading platforms in Canada. They are using a multi-signature ndax technology that is provided by Ledger Vault. If you are living in Canada and you want to cash out your bitcoin gains for your local currency CAD, Canadian dollars, you can easily do it on NDAX.
Newton vs. NDAX
First, you need to send a message with your question, then a representative will contact you later on when they are available. I was surprised when the live chat started to send me notifications and I found Belle on the other side. A bigger pool of altcoins is also a huge plus and I know more traders would be attracted to sign up if NDAX would offer more coins.
It is not an offer to buy or sell any security, product, service or investment. Compared to its Canadian competitors, NDAX is probably among the best-centralized exchanges. The platform offers lower fees, more choice, and an intuitive design than other companies in the market. NDAX, on the other hand, offers free deposits but a just as high flat fee of $25 for withdrawals.
Keep up the great work your doing.by watching out for us little guys and gals.
NDAX supports trading on over 34 cryptocurrencies on their platform. This exchange currently supports 18 of the top 30 market cap cryptocurrencies. NDAX has carved out a significant niche in the expanding universe of digital asset trading. As a gateway to the world of cryptocurrencies for Canadians, the exchange has become synonymous with trust and efficiency. One of the first things you will have to do once you have registered and logged in is to complete the identification verification step. This involves completing the necessary information that is required in order to open an account with NDAX.
