NDAX Review and Referral Code 2026 ($10 Bonus)

NDAX, short for National Digital Asset Exchange, is a Calgary-based Canadian cryptocurrency exchange founded in 2017 by Bilal Hammoud, with a public launch in 2018. It offers both a straightforward interface for beginners and advanced trading tools for users who want more control, and it's grown into one of the larger regulated exchanges in the country.

NDAX features

NDAX supports spot trading, limit orders, stop orders, recurring purchases, and OTC trading through its Trading Desk for larger transactions. The platform now supports more than 30 cryptocurrencies, including Bitcoin, Ethereum, Solana, Cardano, XRP, Litecoin, and Tether, with new listings added periodically.

NDAX also offers staking on a number of supported assets, with advertised yields commonly in the low double digits depending on the coin, though NDAX takes a roughly 20% administration fee out of staking rewards (not your principal). Rates change with market conditions, so check the current numbers in-app before staking any amount.

NDAX fees

NDAX charges a flat trading fee of 0.20% on both buy and sell orders, a maker/taker model with no spread markup and no volume tiers. On a $1,000 trade, that works out to exactly $2 in fees.

CAD deposits are free via Interac e-Transfer, wire transfer, or bank draft. For withdrawals, NDAX's current fee schedule is:

• Interac e-Transfer withdrawal: $1.50 flat, processed in 0–30 minutes, up to $10,000 per transaction
• EFT (direct bank) withdrawal: $4.99 flat, processed within 0–1 business days, no minimum or maximum

Both are flat fees regardless of the amount withdrawn, so a $100 withdrawal and a $9,000 withdrawal cost the same. Crypto withdrawals to an external wallet incur the relevant network fee, which varies by asset and network congestion rather than anything NDAX sets itself.

Security and verification

NDAX is registered as a Money Services Business with FINTRAC and holds CIRO Investment Dealer status, following Canadian anti-money-laundering requirements. Identity verification is required before trading or withdrawing funds, and depending on your limits, you may need to provide government-issued identification and additional information.

The platform also uses offline cold storage through custodians like BitGo and Knox Custody, multi-signature approvals, ongoing monitoring, mandatory two-factor authentication, and user notifications.

NDAX referral bonus

Eligible new users can receive a $10 bonus after signing up through a referral and depositing or trading at least $100. Referral terms, qualifying actions, and bonus amounts can change, so confirm the current offer during signup.

NDAX

Banking

Get the NDAX bonus

Sponsored/affiliate link — CanadianReviews.ca may earn a commission if you sign up through this link.

NDAX verdict

NDAX is a strong option for Canadian users who want a broad selection of digital assets, advanced order controls, staking, and genuinely low trading fees. Its CAD withdrawal fees are also modest, $1.50 for e-Transfer or $4.99 for EFT, so moving money in and out doesn't eat meaningfully into smaller balances the way some older reviews suggest.

Cryptocurrency values are volatile. Referral offers, fees, supported assets, eligibility requirements, and platform terms can change. Review the current terms before trading.