NDAX alternatives

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

Andrew Boyd avatar
Written by
Updated 13 Jun 2025   |   Rates updated regularly

Comparing of 5 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

  • Fee discounts kick in when you trade more — helpful if you’re regularly moving large amounts.
  • No charge to deposit crypto or CAD, and withdrawing CAD through Interac is also free.
  • Most digital assets are kept offline in cold storage with regular security audits.
  • The Pro platform supports advanced order types, charts, and real-time execution — ideal if you’re looking to step up your trading

Cons

  • Express trades can be costly, especially if you’re just making small or occasional transactions.
  • Crypto withdrawals (especially ETH or ERC-20 tokens) can get expensive.
  • Coin selection is relatively limited compared to global platforms.
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

  • The interface is clean, simple, and ideal for beginners—one of the easiest ways for Canadians to get started with crypto.
  • Strong focus on security, with 2FA, cold storage, and insurance on custodial assets.
  • You can earn small amounts of crypto through educational mini-courses via Coinbase Earn.
  • Supports Apple Pay and Google Pay, making fiat-to-crypto purchases more convenient

Cons

  • Trading fees are high compared to other platforms—best for small, infrequent buys.
  • No advanced features like futures or margin trading.
  • Limited customer support options, and response times can be slow during peak periods.
Shakepay

Not available for application via this website

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

  • One of the fastest ways to buy BTC or ETH in Canada.
  • Shakepay Card lets you earn Bitcoin cashback on everyday purchases.
  • Strong track record of security, with 2FA, biometric logins, and insurance on assets held in custody.
  • Clean, mobile-first app makes it easy to manage trades and transfers on the go.
  • Solid customer support via in-app chat with good response times.
  • Regulated by FINTRAC, with crypto assets held securely in cold storage.

Cons

  • Supports only Bitcoin and Ethereum.
  • No advanced trading features like limit orders or technical charting tools.
  • Spread-based pricing means you may not get the absolute best market rate.
Newton

Not available for application via this website

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

  • Strong focus on low-cost trading.
  • Intuitive mobile and web platforms designed for speed and simplicity, even for first-time traders.
  • Real-time price tracking, limit orders, and auto-withdrawals support hands-off portfolio management.
  • Offers carbon-neutral trading by offsetting the environmental impact of crypto transactions.
  • Crypto assets are stored with institutional-grade custody provider Balance.

Cons

  • Limited advanced trading tools may not suit users seeking margin or derivative trading.
  • The selection of coins is smaller compared to global exchanges.
  • Customer support is responsive but currently limited to email and chat.
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

  • Great for building a diversified or DeFi-focused portfolio.
  • Advanced traders benefit from maker/taker pricing that becomes competitive as volumes grow.
  • Security is top-tier.
  • You can stake coins directly through Kraken with flexible terms.

Cons

  • Interac e‑Transfer deposits carry a 0.5% fee, and withdrawals have a $10 charge, higher than some Canadian peers.
  • Instant buy fees are steep.
  • Deposit and withdrawal processes can be confusing and slow, with some users seeing delays of up to several days.
  • No native Canadian tax-reporting tools on the platform.

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