Bitbuy vs NDAX Fees

Let's start off our comparison with a look at the various fees charged by Bitbuy and NDAX.

Deposit Fees

Depositing CAD into Bitbuy is free with Interac e-Transfer and Wire transfer.

NDAX also does not charge any deposit fees.

Trading Fees

On Bitbuy if you use Express Trade (the easiest way to buy and sell cryptocurrency), the fee is 1.5%.

If you use Pro Trade (trading on the market), the maker and taker fee is 1.5%.

NDAX charges 0.2% for buying and selling cryptocurrency on their exchange.

Withdrawal Fees

Withdrawing CAD from your Bitbuy account will incur a 1.50% fee with Interac e-Transfer and Wire transfer.

NDAX charges a very flat fee of $4.99 per bank transfer withdrawal. If you withdraw using e-Transfer the fee is only $1.50.

Bitbuy vs NDAX Deposit Methods

Bitbuy accepts deposits via Interac e-Transfer, Wire Transfer and Cryptocurrency.

NDAX accepts deposits via Interac e-Transfer, Wire Transfer, Bank Draft and Cryptocurrency.

Bitbuy vs NDAX Features 

Bitbuy and NDAX are both popular crypto exchanges in Canada that have plenty of features, but I won't disuss them all here. If you want to read about each of these exchanges in more detail, read my Bitbuy review (here) or my NDAX review (here). In this article I will write about some key features that separate Bitbuy and NDAX from the competition.

Bitbuy's platform is very intuitive and easy for beginners to navigate. With the Express Trade function, even a complete newcomer to crypto can figure out how to buy or sell any of the 17 popular cryptocurrencies available on Bitbuy.

Bitbuy isn't just for beginners, they do have advanced charts by TradingView that is more suited to experienced traders, who have access to limit and market orders.

Bitbuy is the most trusted and secure exchange in Canada, and they have partnered with  BitGo Trust Company to store their cryptocurrency offline. BitGo Trust Company is the world’s first qualified custodian, purpose-built for storing digital assets. All cryptocurrency assets held in custody with BitGo are covered by a comprehensive insurance policy, meaning that all cryptocurrency held in your Bitbuy account would be covered under the same policy.

NDAX has a great focus on customer support, and their team can be contacted via Live Chat and email. Support is available 24/7 and they are generally quite responsive. NDAX even shows their dedication to making their users happy by giving you FREE $10 when you sign up with this link.

NDAX has an Over The Counter (OTC) trading desk called NDAX wealth which is suited for large institutional investors or High Net Worth Individuals. NDAX build the OTC desk specifically for those investors that want to place orders of $200,000 or more. NDAX provides access to a deep liquidity pool to enable quick transactions with no price slippage. NDAX wealth clients will receive personalized service to assist with all of their large orders.

NDAX offers users a quick buy/sell feature for newbies and for the experienced traders they have a market with advanced charts and analysis tools such as trend lines, measurements and predictions, and annotations. Serious traders will enjoy access to different order types such as market, limit, stop loss, trailing stop market, fill or kill and IOC (immediate or cancel).

Bitbuy vs NDAX Security

Bitbuy is known as the most secure and trusted cryptocurrency exchange in Canada. They have servers secured across multiple world class cloud providers and disaster recovery locations. All providers are ISO, SOC, and FIPS 140-2 compliant. Bitbuy’s privately maintained codebase keeps core components closed source, so your intellectual property is safe. Bitbuy's users have access to 2FA and biometric login security features, and the majority of Bitbuy's crypto assets are held offline in cold storage - partnered with BitGo Trust Company, with comprehensive insurance.

NDAX is a very safe crypto exchange, with its security standards among the highest in the Canadian FinTech industry. NDAX stores most of their cryptocurrency offline in cold storage in partnership with Ledger Vault. They are the global leader in crypto security and infrastructure solutions, and the assets are protected by multi-signature technology. They are also the first crypto exchange in Canada to receive SOC2 Type II certification.

Verdict - Bitbuy

Bitbuy and NDAX are both great exchanges, and they are very similar in many respects. Ultimately it comes down to your personal preference, but my recommendation for Canadians is Bitbuy. It has a beginner-friendly interface, FINTRAC registration, lower withdrawal fees and is the most secure and trusted exchange in Canada.

One downside of Bitbuy is that it only supports 17 cryptocurrencies. If you are after a wider range, NDAX offers 36, but if you want a much larger selection, you can go with Binance (see review here) which has over 600+ coins. For other options of crypto exchange, find an informative list and breakdown of the best crypto exchanges in Canada here.

Still Researching?

If you want to continue researching before committing to an exchange, you might find my reviews helpful. Read my Bitbuy review (here) or NDAX review (here). If you want to read about the best crypto exchanges in Canada, that may also help you make a decision. I have also made a table comparing some key aspects of the top exchanges in Canada, which you can find below.