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NDAX review: score, licensing and risks

78/100SCORE · BTrusted Grade B, very good

Canadian registered dealer with among the lowest fees available domestically and a clean record.

The facts

FOUNDED
2018
HEADQUARTERS
Canada
CUSTODY
Custodial.
MiCA / EEA
Not authorised across the EEA.
US ACCESS
No.
PROOF OF RESERVES
No standard proof of reserves publication.
FEES
Typical for a venue of its size. Confirm current pricing on its own site.
ASSETS
Varies

How the score breaks down

regulation20/25
security17/25
costs14/15
assets11/15
platform9/10
support7/10

Each dimension is explained on the methodology page.

Where it is strong and where it is not

✓ Strengths
  • Established venue in Canada
  • Local CAD deposit and withdrawal rails
✗ Weaknesses
  • Canada focused, so limited use elsewhere
  • Less independent scrutiny than the global majors
  • Smaller asset list and thinner liquidity

Incident history

No major security breach or regulatory action on record.

Our read

Canadian registered dealer with among the lowest fees available domestically and a clean record.
COMPARE
KrakenScores 88 out of 100. Trusted.CoinbaseScores 84 out of 100. Trusted.BitvavoScores 83 out of 100. Trusted.CoinTRScores 82 out of 100. Trusted.
RISK WARNING Crypto assets are highly volatile and largely unregulated. You can lose everything you put in. Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.