NDAX (Ndax Canada Inc.) is a Canadian crypto trading platform built around one published trading fee. YieldMaple checked NDAX’s fee, security and regulatory disclosure pages and the Canadian Securities Administrators’ list of registered crypto platforms on October 7, 2026. This review covers what NDAX charges to trade, deposit, withdraw and stake, and what its registration does and doesn’t protect. It is education, not financial advice. NDAX’s site is ndax.io .
What does NDAX charge?
| Feature | NDAX |
|---|---|
| Trading fee | a flat 0.20% on every buy and sell, with no volume tiers and no maker/taker split (better on this row) |
| NDAX's own example | $10.00 in trading fees on a $5,000 trade |
| Deposits | free by Interac e-Transfer, bank wire or crypto |
| Canadian-dollar withdrawals | $1.50 by Interac e-Transfer (up to $10,000 per transaction) or $4.99 by direct bank deposit (EFT) |
| Crypto withdrawals | a flat fee per asset and network, set to cover the blockchain's network cost, shown before you confirm |
| Minimum trade | roughly $1 to $5, depending on the coin |
| Staking | Administration fee of 20% of staking rewards |
The trading fee is the number most people search for. NDAX charges a flat 0.20% on every buy and sell, with no volume tiers and no maker/taker split. That means the rate on a small order and a large order is the same, which makes the cost easy to predict before you trade.
What does a single NDAX trade cost?
NDAX says you trade at the displayed order-book price, with its commission charged on top and shown before you place the order. NDAX’s own worked example is $10.00 in trading fees on a $5,000 trade. On a smaller buy, the same flat rate of 0.20% works out to $2.00 on a $1,000 purchase.
Two things sit outside that trading fee. First, getting Canadian dollars back to your bank costs money (see the next section). Second, if you move coins to your own wallet, NDAX charges a flat crypto withdrawal fee per coin and network. A full round trip, from deposit to trade to withdrawal, therefore costs more than the trading fee alone. NDAX’s own all-in example for that same bitcoin buy is the trading fee plus a small bitcoin withdrawal fee taken from the coins sent, and NDAX labels the figures as illustrative.
How much does it cost to withdraw from NDAX?
Deposits are free by Interac e-Transfer, bank wire or crypto, and NDAX’s fee page says there is no minimum deposit to start. Withdrawals are where the costs appear:
- Canadian dollars: $1.50 by Interac e-Transfer (up to $10,000 per transaction) or $4.99 by direct bank deposit (EFT).
- Crypto to an outside wallet: a flat fee per asset and network, set to cover the blockchain's network cost, shown before you confirm. NDAX says the fee differs by coin and by network because each blockchain charges its own cost to process a transaction.
- Between NDAX accounts: free, with instant settlement, because nothing touches a blockchain.
NDAX describes its withdrawal fees as flat amounts rather than a percentage, so a large withdrawal costs the same as a small one on the same method. For someone who moves money out often, the per-withdrawal charge can matter more than the trading fee.
Does NDAX charge a fee on staking?
Yes. Staking carries an administration fee of 20% of staking rewards. NDAX says the fee is taken only from rewards earned, never from the coins you stake, and that reward rates, payout frequency and any lock-up terms are shown before you stake. The CRA says staking rewards received on a centralized platform are generally income when they are credited to your account.
Is NDAX safe?
NDAX is a registered investment dealer and CIRO member on the CSA’s list of authorized crypto platforms, but crypto held at NDAX is not covered by CIPF or CDIC. Safety has four parts: regulation, protection, custody and complaints. Each fact below comes from NDAX’s own pages or a regulator, checked October 7, 2026.
Regulation. Ndax Canada Inc. appears on the Canadian Securities Administrators’ list of crypto platforms authorized to do business with Canadians, under a Crypto Asset Trading Platform decision dated December 19, 2024. The list was last updated September 18, 2026. NDAX’s regulatory disclosure describes the company as a registered investment dealer in every province and territory, and a member of CIRO and CIPF, and says the registration is subject to terms and conditions in that decision. NDAX serves Canadian residents only, order-execution-only, with no investment advice or recommendations. The CSA’s guidance is that Canadians buying crypto should use platforms registered with Canadian securities regulators and avoid banned ones.
Protection. Registration is not deposit insurance, and cash and crypto are treated differently. NDAX’s disclosure says fiat currency held in an account is protected by CIPF's Investment Dealer Fund in accordance with its Coverage Policy. Crypto held at NDAX is not covered by CIPF and not eligible for CDIC deposit insurance. The Ontario Securities Commission’s investor site says the same of every dealer: CIPF coverage explicitly excludes crypto assets. The CSA calls crypto a very risky investment on any platform.
Custody. NDAX’s security page says client crypto is kept separate from NDAX’s own assets, with at least 80% of it held with third-party custodians in segregated accounts in trust for clients. It says it uses cold storage for the majority of client assets, and that it reconciles client assets against its records on a monthly basis. NDAX says it is not permitted to pledge, re-hypothecate or otherwise use client crypto, except eligible assets a client directs it to stake. On insurance, NDAX says it maintains a Crime and Financial Institution Bond covering certain losses of crypto in its hot, warm and cold wallets, subject to the policy's terms and limits, and that its third-party custodians each maintain their own insurance for digital assets held in custody. NDAX’s security page doesn’t state the dollar limits of those policies, so the size of that cover can’t be compared with a client’s balance from that page alone.
Loss limits and complaints. The OSC says registered platforms must set a loss limit for each client and provide warnings or educational material when losses approach or reach it. For a dispute, the OSC’s guidance is to start with the platform’s own complaint process and, if the issue isn’t resolved, contact the Ombudsman for Banking Services and Investments (OBSI).
How do NDAX’s fees compare with other Canadian platforms?
Registered platforms publish costs in different shapes, which makes a straight comparison harder than it looks. Each figure below was checked on the platform’s own fee page on October 7, 2026:
- NDAX: a flat 0.20% on every buy and sell, with no volume tiers and no maker/taker split.
- Wealthsimple: a flat 0.5% on every order, plus a price spread on market orders for clients without Active Trader status, plus a $1 surcharge on any crypto order under $100. The Wealthsimple Crypto review covers its fee schedule in detail.
- Kraken: 1% on instant and recurring buys and sells and 1.5% on custom orders, plus a spread on its simple buy screen.
- Shakepay: no commission; Shakepay earns a spread instead.
- Newton: 1.00% to 1.15% on bitcoin.
A spread is not published as a number, so a platform with no listed commission is not automatically cheaper. The practical test is to open the order preview on two platforms at the same moment and compare how much crypto each gives you for the same dollars. For a side-by-side of seven registered platforms, see the comparison of the best crypto exchanges in Canada. The Crypto.com Canada review and the guide to Wealthsimple alternatives cover other options.
Who NDAX fits, and who may prefer something else
NDAX fits someone who wants one predictable trading fee at any order size, free deposits, and a platform on the CSA’s registered list. Someone who trades often and keeps coins on the platform pays mainly the flat trading fee.
Someone who wants crypto in the same app as a TFSA, RRSP or chequing account may prefer Wealthsimple, even at a higher listed fee. Someone who withdraws Canadian dollars often pays the per-withdrawal charge each time, on top of the trading fee.
Taxes on NDAX trades
The CRA counts trading crypto for Canadian dollars or for another coin, and paying for goods or services with it, as a disposition that can create a capital gain or business income. Moving coins between wallets you own is generally not a taxable disposition. Staking rewards on a centralized platform are generally income when credited. The CRA also suggests regularly exporting your account history, in case an exchange stops operating or you lose access. The capital gains tax calculator estimates the tax on a gain for your province.