NDAX alternatives

Compare the best alternatives to NDAX alternatives for Canadian crypto traders.

By   |   Updated 22 Nov 2022

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Comparing NDAX alternatives

Bitbuy

On website

Featured

Bitbuy

Highlights

  • NDAX offers a broader range of cryptocurrencies for trading than Bitbuy.
  • NDAX's trading and withdrawal costs are lower than Bitbuy’s. NDAX charges no deposit fees.
  • Bitbuy and NDAX both provide offline cold storage facilities for safely storing cryptocurrencies. Both are FINTRAC-registered.

Pros

  • You can earn a signup bonus.
  • Competitive trading fees.
  • Assets are insured and held in cold storage.
  • User-friendly website and mobile app.

Cons

  • Deposit and withdrawal fees apply.
Coinberry

On website

Highlights

  • NDAX and Coinberry both feature a relatively small number of tradable cryptocurrencies, but NDAX has a larger selection of cryptocurrencies.
  • NDAX's trading and withdrawal costs are lower than Coinberry's.
  • Coinberry has partnered with the Gemini Trust Company for cold storage. NDAX works with Ledger Vault for cold storage.
  • NDAX and Coinberry are both FINTRAC-registered and strictly regulated exchanges.

Pros

  • Easy sign-up process and instant verification.
  • No fees to deposit or withdraw fiat.
  • There is a $200 million crypto asset insurance.
  • Easy to use mobile app.

Cons

  • Limited choice of altcoins.
  • High trading spreads.
CoinSmart

On website

Highlights

  • CoinSmart has a broader selection of cryptocurrencies for trading than NDAX, but trading with NDAX is less expensive. NDAX does not charge deposit fees.
  • Coinsmart and NDAX both use cold storage facilities.
  • Both exchanges feature an easy-to-use interface, making either appropriate for novice traders.

Pros

  • Low trading fees.
  • Deposits are cleared within the day.
  • Supports CAD, EUR, and USD.
  • Get 24/7 customer support.

Cons

  • Limited coins.
  • Fee applies to credit card and debit card deposits.
Coinbase

On website

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Highlights

  • Coinbase has a bigger selection of tradable currencies than NDAX.
  • Compared to NDAX, Coinbase's pricing structure is unclear.
  • NDAX and Coinbase offer a user experience that is appropriate for both beginner and expert traders alike.
  • Both exchanges employ cold storage to safeguard users' digital assets.

Pros

  • Get access to a wide variety of altcoins.
  • Start trading with as little as $2.
  • Offers Coinbase card which allows you to spend crypto anywhere.

Cons

  • Fees are higher compared to other exchanges.
Binance

On website

Binance

Highlights

  • Trading and withdrawing funds on Binance is more expensive, but Binance has a far larger crypto marketplace than NDAX.
  • Binance is aimed at experienced traders who want access to more exotic cryptocurrencies. NDAX has a broader appeal.
  • Binance is now unavailable in several parts of Canada due to regulatory problems. NDAX is accessible across Canada.

Pros

  • It has some of the lowest trading fees out there. 0.1% for spot trading and 0.5% for instant buy or sell fees.
  • Credit card or debit card deposits are accepted.
  • Provides charting and trading tools suitable for advanced crypto traders.

Cons

  • The platform UI can be complicated to learn for new investors.
Shakepay

Highlights

  • NDAX and Shakepay are suitable for both novice and expert traders.
  • For active traders, NDAX is significantly less expensive than Shakepay.
  • Both Shakepay and NDAX have cold storage facilities. Both are FINTRAC-registered exchanges.

Pros

  • Free transfers through Interac e-Transfer.
  • Commission-free.
  • Earn rewards.

Cons

  • Supports only Bitcoin and Ethereum.
  • Only available to Canadian residents
Newton

Highlights

  • Newton's cryptocurrency selection is larger than NDAX, making it ideal for investors looking for variety.
  • Newton is cheaper than NDAX for trading and withdrawing funds.
  • Both exchanges are suitable for beginners, and digital currencies are stored in cold storage facilities.

Pros

  • Clean user interface.
  • No commission fees.
  • Competitive spreads.
  • Earn $25 on its referral program.

Cons

  • Only accepts CAD deposits.
  • Verification times can be slow.
Kraken

On website

Kraken

Highlights

  • Kraken's cryptocurrency selection is superior to what is available on NDAX. Kraken is also less expensive.
  • Both exchanges are appropriate for novice traders with well-designed trading experiences.
  • Both Kraken and NDAX are FINTRAC-registered exchanges.

Pros

  • Large selection of tokens to trade.
  • Earn rewards by staking eligible assets.
  • Access to a range of educational materials.

Cons

  • Limited options to fund your account.