Is NDAX safe? Our 2026 review
Updated November 2026. Checked against the regulators' registers and each platform's own pages.
Who pays us: NDAX doesn't pay us. We have no affiliate or referral deals in place yet, so the link below earns us nothing. How we make money
NDAX homepage, cropped to logo and menu
What this proves: NDAX's fee page says it charges a flat 0.20% trading fee on every buy and sell order, shown before you confirm.
1 more screenshot of its own pages in the review below
NDAX is an investment dealer and CIRO member in every province and territory. It charges a flat 0.20% on every trade and nothing to deposit, but Canadian dollar withdrawals cost $1.50 by Interac or $4.99 by bank transfer.
- Registered as
- Investment dealer, CIRO member
- Company
- Ndax Canada Inc.
- Trading fee
- Flat 0.20%
- Interac withdrawal
- $1.50
- Crypto protected by CIPF
- No
Good
- Investment dealer and CIRO member in every province and territory
- Flat 0.20% trading fee, shown before you confirm
- No fee on Interac, wire or crypto deposits
- At least 80% of client crypto held with outside custodians
Watch out
- Interac withdrawals cost $1.50 and bank withdrawals $4.99
- Keeps 20% of staking and Auto Earn rewards
- Investment limits on some coins outside British Columbia, Manitoba and Quebec
Opens the official NDAX site · Crypto is high risk and prices can fall to zero
NDAX has the 1st lowest stated cost of 8 platforms that publish one
$2 on a $1,000 buy using Every trade, by its own fee page.
See every platform
- NDAX$2
- Bitbuy$5
- Wealthsimple$5
- Coinsquare$5
- Kraken$8
- Robinhood$9.50
- Webull$10
- Newtonup to $11.50
- ShakepaySpread, size not published
- CoinbaseSpread on simple buys; Advanced rate shown only after sign-in
- Crypto.comSpread on app buys; Advanced base rate not published
- Netcoins0.5% fee plus a market spread of unpublished size
From each platform's own Canadian fee pages. Full table: crypto fees compared.
NDAX is a Canadian crypto platform best known for its flat trading fee. On the regulatory side, it sits in the most tightly supervised group of crypto platforms in the country.
Is NDAX registered in Canada?
Yes. The notice at the foot of NDAX’s fee page says Ndax Canada Inc. “is a registered investment dealer under securities legislation in all provinces and territories of Canada, and is a member of the Canadian Investment Regulatory Organization (CIRO) and of the Canadian Investor Protection Fund (CIPF).” It adds that the registration is subject to terms and conditions set out in a decision by the securities regulators.
The regulators’ register lists Ndax Canada Inc. as an investment dealer, covering both dealer and marketplace, with its latest decision dated 19 December 2024.
Investment dealer status is the higher of the two types of registration for crypto platforms in Canada. You can compare it with the other platforms on our registered list.
How NDAX holds your crypto
NDAX’s security page says at least 80% of client crypto is held with outside custodians, in segregated omnibus accounts “in the name of Ndax in trust for or for the benefit of Ndax’s clients.” Cold storage is used for most client assets. Its user agreement, last updated 15 September 2026, names the custodians as BitGo Trust Company, Inc. and Coinbase Custody Trust Company. A small share may sit in NDAX’s own hot wallet to handle deposits and withdrawals, and for trading and staking.
The security page says NDAX can’t pledge or lend out client crypto, except coins you’ve chosen to stake. It checks each month that the crypto held by custodians and in its own wallets matches its records.
On insurance, NDAX’s security page says it holds a Crime and Financial Institution Bond covering certain losses of crypto held in the wallets it runs, subject to the policy’s terms and limits. Each custodian also carries its own insurance for crypto in cold storage.
CIPF covers cash, not crypto. NDAX’s regulatory notice says Canadian dollars in your account are protected by CIPF’s Investment Dealer Fund, but “CIPF coverage does not extend to any virtual assets held in user’s accounts.” Your crypto isn’t covered by CDIC either.
What it costs to buy crypto
NDAX’s fee page says it “charges a flat 0.20% trading fee on every buy and sell order.” The rate is the same at any trade size, with no volume tiers and no split between makers and takers. You trade at the order book price, with the 0.20% added on top and shown before you confirm. On a $5,000 trade, that’s $10.
The smallest trade is roughly $1 to $5, depending on the coin.
Deposits and withdrawals
NDAX charges nothing to deposit by Interac e-Transfer or wire, and it sets no minimum deposit. Withdrawals in Canadian dollars cost a flat fee.
| Method | Deposit | Withdrawal | Limits |
|---|---|---|---|
| Interac e-Transfer | No fee, arrives in 0 to 30 minutes | $1.50, in 0 to 30 minutes | No minimum deposit. Withdrawals up to $10,000 per transaction |
| EFT (direct bank deposit) | Not covered | $4.99, in 0 to 1 business days | No minimum or maximum on withdrawals |
| Wire | No fee, arrives in 0 to 1 business days | Not covered | No minimum deposit |
Moving crypto to your own wallet
You can. Sending crypto to an outside wallet costs a flat amount for each coin and network, which NDAX shows before you confirm. Its table of those amounts didn’t load when we checked, so we haven’t listed any. Moving funds to another NDAX account carries no fee, and crypto deposits carry no fee either.
We didn’t find a list of coins that can’t be moved off NDAX.
Coins and tools
Trades go through NDAX’s order book. You can also stake crypto or use Auto Earn, and NDAX keeps 20% of the rewards from either as an administration fee. We haven’t recorded how many coins NDAX lists.
The app
On Apple’s Canadian App Store, as of 10 November 2026, Ndax: Crypto Trading & Wallet is rated 4.8 from 15,335 ratings. It takes up 104 MB and needs iOS 15.6 or later. Our crypto apps comparison puts it next to every other registered platform’s app.
How to sign up
The NDAX pages we checked don’t set out its sign-up steps, so we haven’t listed any. As a registered platform, NDAX has to verify your identity under Canada’s anti-money-laundering rules. Where you live also matters, because it decides whether the investment limits below apply to you.
Limits
NDAX’s user agreement says that if you don’t live in British Columbia, Manitoba or Quebec, or if you live in any of the territories, you may face investment limits when trading certain coins. It doesn’t give the amounts on that page.
Platforms like NDAX
Bitbuy charges 0.50% on its Pro Trade screen, more than NDAX, but its Interac withdrawals carry no fee, up to $2,000 a day. Read the Bitbuy review
Shakepay has no fee on Interac deposits or withdrawals from $5 to $10,000. It only offers Bitcoin, Ethereum and USDC, and doesn’t publish its spread. Read the Shakepay review
Wealthsimple lists more than 170 coins and puts crypto in the same app as stocks, at 0.5% on limit orders. Read the Wealthsimple Crypto review
Verdict
NDAX is an investment dealer and CIRO member, and its flat 0.20% fee with no spread is the lowest stated fee of any registered platform we’ve checked. Deposits cost nothing. You pay on the way out instead: $1.50 per Interac withdrawal and $4.99 per bank withdrawal.
Frequently asked questions
Is NDAX legit?
Yes. Ndax Canada Inc. is registered with Canada’s securities regulators as an investment dealer in every province and territory, and is a member of CIRO and CIPF.
Is my crypto insured on NDAX?
NDAX holds an insurance bond covering certain losses of crypto, and its custodians carry their own insurance. Those are private arrangements with limits, not a government scheme. Your crypto isn’t covered by CIPF or CDIC, and its price can still fall.
How much does NDAX charge?
A flat 0.20% on each trade, with no fee to deposit. Interac withdrawals cost $1.50 and bank withdrawals $4.99. Our comparison of registered exchanges shows how other platforms price their trades.
Sources
Checked 8 November 2026. App Store figures checked 10 November 2026.
- NDAX, fees and regulatory notice
- NDAX, security
- NDAX, user agreement
- New Brunswick Financial and Consumer Services Commission, registered crypto asset trading platforms
Update history
- Reorganised into our standard review layout, with a deposits and withdrawals table. No facts changed.
- First published.
Found something out of date? Tell us.