NDAX Reviews Read Customer Service Reviews of ndax io

NDAX Reviews Read Customer Service Reviews of ndax io

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. You can also deposit crypto to your Ndax account by transferring it in from an external crypto wallet. While Ndax does not charge fees for this, the transaction is still subject to blockchain fees, which are outside Ndax’s control and vary based on the coin and how congested the network is. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice.

The popular crypto charting suite includes a wide variety of technical indicators, chart patterns, and overlay drawing tools to perform analysis on the charts. Competitive low trading fees for crypto and free deposits. Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users.

• This feature provides businesses with a secure environment for managing cryptocurrencies.
• That’s great news for beginners and those with less capital.
• One of the best features of the Ndax platform is the exceptionally low trading fees.
• NDAX is also fully registered with FINTRAC and AMF, which means they operate under strict Canadian regulations.
• Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds.
• They are using a multi-signature technology that is provided by Ledger Vault.

Mobile App

The exchange does not support payments in Euros or British Pounds. Customers that want to buy crypto with these currencies will need to find a trading platform based in the UK that accepts GBP and EUR deposits. 0.50% to 2% trading fees; free fiat deposits and withdrawals. NDAX takes security seriously, and it’s clear they’ve stepped up their game over the years. Over 90% of digital assets are now stored in cold storage through their partnership with Ledger Vault, one of the most trusted names in crypto security. This means the majority of funds are kept offline, reducing the risk of hacking.

• Your fiat funds are held in segregated bank accounts separate from NDAX’s own operations.
• But for smaller investors, the $25 NDAX withdrawal fee is a big drawback.
• NDAX supports 26 trading pairs with two stablecoins and three different BTC markets and also offers a blog, an OTC desk for institutions, and educational material.
• That said, if you’re not from Canada but still need an exchange platform, I highly recommend giving Binance and Bybit a look.
• Just have some money in there like a bank account if you do regular transactions.
• Here you can easily deposit over $200,000 when a new opportunity arises through its deep liquidity pool.
• For instance, with Coinbase, I’ve received funds in my account within minutes, which can be crucial in the fast-moving crypto industry when time-sensitive trades matter.

Terrible customer service

This can be done by clicking on the ‘Deposit’ button, which will redirect you to the exchange’s secure digital wallet. After funding your account, you must enable two factor authentication prior to making your first trade. One such ndax review example would be USDT, which is available on Ethereum, TRON, the Omni layer for Bitcoin, and other blockchains. The exchange charges a 0.2% fee when you’re buying or selling cryptocurrency. For some context, this is lower than the trading fees on Coinbase Pro for trades under $10,000 (0.5%), but higher than Binance’s most basic fee tier (0.1%).

Trading interface

When you add the markup and the trading fee to the mix, this purchase cost me a total of 1.70%, and the majority of that cost is attributed to the missing $0.30. For perspective, if that $0.30 had not been deducted, my trade would have only cost me 0.67% in total. This is where you need to be vigilant and pull out that trusty calculator. Make sure everything adds up, that your trading fee is no more than 0.2%, and that you are not being shorted on the trade like I was. To buy crypto on Ndax, you can use the Quick Buy/Sell block on the right side of your dashboard.

Funds deposited from a Canadian bank account into your NDAX are free. Although there are exchanges where you can stake a wider choice of assets, NDAX have told me that they plan on expanding what can be staked in future. Finder CA is an information service that allows you to compare different products and providers. We do not recommend specific products or providers, however may receive a commission from the providers we promote and feature. 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.

Is it safe?

In a few short years, NDAX has earned the trust of Canadians looking to trade crypto by managing to become fully compliant with all local financial regulations. Emma joined CoinCodex as a news reporter in October 2018. Before joining CoinCodex, Emma had been covering stories at the intersection of culture, entertainment, and technology. Upon her friend’s recommendation to invest in Bitcoin in 2015, she became interested in all things crypto.

It has different rates for all currencies for cryptocurrency withdrawals, while deposits are free. From your NDAX dashboard, click on ‘My Wallet.’ Then, select your bank account from the dropdown menu, enter in the withdrawal amount, and provide your two factor authentication code. You should receive the funds in your Canadian bank account within one business day. Unlike some crypto exchanges, the response time is typically quite fast. In our tests, we received a live chat response in just a few minutes, while email responses took a bit longer.

7 Customer Support

At Crypto Head we use a rigorous research and rating process to assess each platform. 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. You can read our full methodology and rating system for more details.