NDAX review
NDAX is the Canadian platform for people who want one predictable number. It charges a flat 0.20 percent as both maker and taker, with no separate premium for the convenient path, which makes it unusually easy to reason about.
Founded in Calgary in 2018 and registered with the Canadian Securities Administrators as a crypto asset trading platform since December 2024, NDAX is CAD-native and built around a real order book rather than a buy widget. It is also registered with the AMF, so Quebec residents can use it.
The flat-fee structure is the differentiator. On most Canadian platforms the one-click purchase costs several times what the order book does, and the gap is where casual buyers lose money without noticing. NDAX does not run that split. Volume tiers reduce the maker fee toward zero for very large traders, but the headline 0.20 percent is what an ordinary buyer pays.
Funding is free in both directions on the main rails: Interac e-Transfer and wire deposits cost nothing, and CAD withdrawals over Interac carry a flat 1.50 dollar fee with a 10,000 dollar per-transaction limit. Bitcoin withdrawals to your own wallet are supported and are what you should do with anything long-term.
- Founded
- 2018
- Headquarters
- Calgary, Alberta, Canada
- Fees
- Flat 0.20 percent maker and taker with no instant-buy premium. Interac and wire deposits are free; Interac withdrawals cost 1.50 dollars.
- KYC
- Required
- Payment methods
- Interac e-Transfer, Wire transfer
- Status
- Operating
How you can pay on NDAX
Every deposit rail NDAX supports in at least one market.
- Domestic bank rail
- Interac e-Transfer
- International wire
- Wire transfer
As published by NDAX: Interac e-Transfer, Bank transfer or wire.
Pros and cons
What works
- One flat 0.20 percent fee with no cheaper-screen versus costlier-screen trap to fall into
- Interac e-Transfer and wire deposits are both free, which is rare on either rail alone
- CSA-registered and AMF-registered, so it serves Quebec residents as well as the rest of Canada
- Calgary-based and CAD-native, with a real order book rather than a markup-laden widget
What to watch
- CAD withdrawals carry a 1.50 dollar fee and a 10,000 dollar per-transaction cap
- The volume discounts only matter above trading levels no personal buyer will reach
- Fewer assets than the larger Canadian platforms, which only matters if you want more than bitcoin
Fees in detail
- maker
- 0.20 percent, falling toward zero at very high 30-day volume
- taker
- 0.20 percent
- spread note
- There is no separate instant-buy tier, so the quoted fee is the fee.
- deposit note
- Interac e-Transfer and wire deposits in CAD are free.
- withdrawal note
- CAD withdrawals over Interac e-Transfer cost a flat 1.50 dollars, capped at 10,000 dollars per transaction.
Where we recommend NDAX
Countries where NDAX ranks in our local guide. Availability beyond these is possible but unverified by us.
CanadaFrequently asked questions
What does NDAX charge?
A flat 0.20 percent as both maker and taker. Unlike most Canadian platforms, there is no separate, more expensive instant-buy route, so the number you see is what you pay.
Are NDAX deposits free?
Yes on the main rails. Interac e-Transfer and wire deposits in Canadian dollars both cost nothing. Withdrawing CAD over Interac costs a flat 1.50 dollars.
Can I use NDAX in Quebec?
Yes. NDAX appears on the AMF register of cryptoasset trading platforms, which is the additional registration Quebec requires on top of CSA registration.
Is NDAX regulated in Canada?
It is registered with the Canadian Securities Administrators as a crypto asset trading platform and with FINTRAC as a money services business. That covers conduct and anti-money-laundering obligations rather than guaranteeing your balance.