NDAX alternatives
Compare the best alternatives to NDAX alternatives for Canadian crypto traders.
By Andrew Boyd | Updated 7th June 2022
Comparing NDAX alternatives
On Bitbuy's website
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.
On Coinberry's 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.
On CoinSmart's 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.
On Coinbase's 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.
On Binance's 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.
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.
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.
On Kraken's 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.
