Review on NDAX by Pedro O. Alvino M.
Exchange from Canada
An exchange from Canada, is intended for trading cryptocurrencies for Canadians with the option to trade with Fiat, which in this case is the Canadian dollar (CAD), in addition to presenting a simple trade with acceptable trading fees and guaranteed support .
Despite being limited for those who do not reside in Canada, it is still possible to trade since it does not require strict restrictions of and to be able to operate, but given the trade with Fiat currency and deposit, a verification of documents is necessary, in addition to said deposit In Fiat currency either by bank transfer, this does not generate an additional charge for deposit, since some exchanges establish a commission for this type of deposit.
With a simple system and high processing operations, your mobile app is still under development, but despite this, its security functions in the wallet are comprised of an offline storage together with a multiple signature system, but it is worth adding that the withdrawal process in some currencies is high compared to other exchanges.
Pros
- Commercial rates set at 0.2%
- Allows trading with Fiat currency (CAD)
- Simple registration without requiring KYC to operate.
- It has online chat and 24/7 support
- Does not present fees for deposits in Fiat currency (CAD)
- Offers a monthly affiliate program package by invitation of new users.
- Exchange incorporated and registered in organizations of the MSB, PCMLTFA and FINTRAC in Canada.
Cons
- Being a local exchange, liquidity is very low.
- Very few cryptocurrencies listed and high withdrawal rate.
- A mobile version is still under development.
