NDAX Cryptocurrency Exchange Canada – Review

Updated February 2026 — In-depth review of the NDAX Cryptocurrency Exchange, a leading regulated Canadian platform for secure crypto trading, staking, and more.

Overview

NDAX (National Digital Asset Exchange) is a cryptocurrency exchange based in Calgary, Alberta, launched in 2018. It operates primarily for Canadian users and focuses on spot trading of cryptocurrencies against Canadian dollars (CAD). The platform is registered as an investment dealer with the Canadian Investment Regulatory Organization (CIRO) and is registered with FINTRAC for anti-money laundering and know-your-customer compliance. It adheres to relevant Canadian financial regulations.

Supported Cryptocurrencies

NDAX lists approximately 64 cryptocurrencies (as reported by third-party trackers in early 2026), with all trading pairs denominated in CAD. Examples of supported assets include:

• Bitcoin (BTC)
• Ethereum (ETH)
• Solana (SOL)
• XRP
• Cardano (ADA)
• Polkadot (DOT)
• Chainlink (LINK)
• Avalanche (AVAX)
• Tether (USDT)
• USDC
• Sui (SUI), Sei (SEI), Injective (INJ), and others

The list is subject to periodic updates and removals based on platform decisions and market conditions.

User Interface and Trading Experience

The platform provides a web-based interface and a mobile app for iOS and Android. It includes standard charting tools powered by TradingView, support for market, limit, and stop-limit orders, and options such as scheduled recurring purchases (Auto Invest). Users can manage portfolios, view market data, and handle transfers through an address book feature.

Security and Compliance

NDAX states that the majority of digital assets are held in offline cold storage using multi-signature technology, while hot wallets employ multi-party computation (MPC). Two-factor authentication (2FA) is mandatory, and withdrawals require email confirmation. The platform reports USD 5 million insurance coverage for cold storage (covering fraud, internal theft, and hardware issues) and USD 3 million per incident for hot wallets, along with CAD 5 million general business liability insurance. It maintains SOC2 Type II certification and conducts regular reconciliations and third-party assessments. User fiat funds are held in segregated accounts at a Canadian Crown-owned institution.

Fees and Funding

Trading fees are a flat 0.20% on all buy and sell orders, with no maker/taker distinction or volume-based tiers.

• Deposits: Free for CAD via Interac e-Transfer or wire transfer, and free for cryptocurrency deposits (network confirmations required).
• Withdrawals:
  • CAD Interac e-Transfer: $1.50 (up to $10,000 per transaction)
  • CAD Wire Transfer: $4.99
  • Cryptocurrency: Flat network-based fees that vary by asset and chain (e.g., BTC ~0.00007–0.00014 BTC depending on method; ETH ~0.000499 ETH on certain chains; subject to change)

Internal NDAX-to-NDAX transfers are free and instant.

Staking

NDAX offers staking for 13 cryptocurrencies, including ETH, SOL, ADA, DOT, INJ, SUI, GRT, ATOM, and others. Reported maximum APYs (estimates only, variable based on network conditions) include up to 3.3% for ETH, 5.5% for SOL, 2.8% for ADA, 10.5% for DOT, and 11% for INJ, among others. A 20% administration fee is deducted from generated rewards (not from principal). Rewards are distributed daily or weekly depending on the asset. Most assets allow flexible unstaking, though some may involve bonding or unbonding periods. Staking involves risks, including potential loss of value due to market fluctuations and network-specific issues.

Additional Features

The platform includes an over-the-counter (OTC) desk for larger trades, API access for programmatic trading, multichain support for certain withdrawals, and tools for tax reporting. It does not offer margin trading, futures, or other derivatives products.

Customer Support

Support is available via live chat, email, phone, and a help center containing articles and FAQs.

Conclusion

NDAX is a regulated Canadian cryptocurrency exchange offering spot trading, staking, and related services primarily to domestic users. It provides a straightforward platform with defined fees and security measures, though it is subject to the same market and operational risks as other exchanges. Users should review current terms, conduct independent research, and consider their risk tolerance before engaging in cryptocurrency activities.