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NDAX Referral Link and Promo Codes 2023: $50 Bonus Inside

The National Digital Asset Exchange (NDAX) is a top-rated cryptocurrency platform in Canada.

It offers trading in popular tokens such as Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin, and even stable coins like Tether.

When you open an account using a valid NDAX referral code link or referral code, you may get a $10 welcome bonus after depositing your first $100 or more.

How does the NDAX referral program work? Is NDAX safe? How does NDAX compare to Bitbuy?

We answer these questions and more in this review.

The NDAX referral code program is no longer active. You can sign up for CoinSmart instead and receive a $50 bonus when you deposit your first $200 or more. Learn more here.

How NDAX Works

NDAX is a Canadian crypto exchange based in Calgary. It offers a wide array of cryptocurrencies, including:

  • Bitcoin (BTC)
  • Ripple (XRP)
  • Cardano (ADA)
  • Ether (ETH)
  • Dogecoin (DOGE)
  • Litecoin (LTC)
  • EOS
  • Stellar (XLM)
  • Chainlink (LINK)
  • Polkadot (DOT)
  • Tether (USDT)
  • Aave (AAVE)
  • Compound (COMP)
  • Uniswap (UNI)
  • Polygon
  • The Graph (GRT)
  • Shiba Inu (SHIB)
  • Decentraland (MANA)
  • Axie Infinity (AXS)
  • Hedera (HBAR)
  • Avalanche (AVAX)
  • Algorand (ALGO)
  • Solana (SOL) and several others

New customers who sign up can start trading digital currency within minutes using instant ID Verification.

NDAX is available on desktop and mobile devices, and it offers trading tools, order types, and charts for both beginners and professional traders.

You can learn more about how the platform works in this review.

NDAX Referral Code for 2023

NDAX has a referral program that rewards both new and existing customers.

Here’s how it works:

  1. When you sign up using a valid NDAX referral link (referral code is automatically applied) and deposit $100, you get a $10 cash bonus.
  2. From your dashboard, you can copy your custom referral link and share it with friends and family. When they sign up and deposit at least $100, they get $10.

You also earn a bonus based on how many people join NDAX through your link each month:

  • 0-10 users monthly: $10 each
  • 10-20 users monthly: $15 each
  • 21+ users monthly: $25 each

This is in addition to a commission of up to 30% each time they take place a trade.

Affiliate earnings are paid in Canadian dollars and deposited in your account within 1-30 days.

Related: Best Crypto Wallets.


NDAX has one of the lowest trading fees charged by a cryptocurrency exchange in Canada. You pay a flat rate of 0.20% for buying or selling a cryptocurrency.

Fiat deposits are free, and you can fund your account using Interac e-Transfer, wire transfer, or bank draft.

Crypto deposits are also free and occur instantly.

Fiat withdrawals cost a flat $4.99 per transaction using direct bank or wire transfers.

Crypto coin withdrawal costs vary.

Is NDAX Legit?

NDAX is a legitimate company. It is registered as a Money Service Business (MSB) and is subject to the applicable regulatory framework of the Financial Transactions and Reports and Analysis Centre of Canada (FINTRAC).

Its FINTRAC registration number is M18632135. Its AMF permit number is 904486.

On the security side of things, NDAX indicates that it holds most digital assets in cold storage using Ledger Vault.

Overall, cryptocurrency trading is very risky, and you can lose all your money.

NDAX vs. Bitbuy vs. Wealthsimple Crypto vs. CoinSmart

Wealthsimple Crypto is a Canadian cryptocurrency trading platform offering 50+ coins, including BTC, XLM, BCH, ETH, EOS, XRP, AAVE, and LTC.

To fund your Wealthsimple account, you can use a bank transfer or a debit card.

From a trading fees point of view, NDAX is cheaper than Wealthsimple Crypto.

CoinSmart is our top choice for the best crypto exchange in Canada. It has low trading fees and supports Canadian dollars, US dollars, and Euro fiat deposits.

The company is also publicly traded and operates in and outside of Canada.

CoinSmart Crypto Exchange

coinsmart logo

Top crypto exchange in Canada

Great for new & advanced traders

0.20% trading fee

Get a $50 bonus when you deposit $200

Related: Best Bitcoin Apps in Canada.

 NDAXCoinSmartBitbuyWealthsimple Crypto
Coins offered30+ types16+ types25+ types50+ types
Trading fees0.20% trading fee: $4.99 for fiat withdrawals; free deposits0.20% trading fee; up to 1.50% for fiat withdrawalsUp to 1.50% trading feeUp to 2% trading fee; free withdrawals and deposits
Funding optionsInterac e-Transfer, wire transfer, bank draft, cryptoInterac e-Transfer, wire transfer, bank draft, cryptoInterac e-Transfer, bank wire, cryptoElectronic Funds Transfer, debit card, crypto
Instant verificationYesYesYesYes
SecurityCold storage, 2FACold storage, 2FACold storage, 2FACold storage, 2FA
Referral bonus$50 when you deposit $200$25 when you deposit at least $150
Learn moreVisit CoinSmartVisit Wealthsimple Crypto

NDAX Referral Code FAQs

How do I withdraw money from NDAX?

You can withdraw funds from your account using a wire transfer, bank draft, or cryptocurrency deposit. A $4.99 flat fee applies to fiat withdrawals, and crypto fees vary.

Who owns NDAX?

The founder of NDAX is Bilal Hamoud, and the company’s headquarters is at 250 2 Street Southwest Suite 1820, Calgary, AB T2P 2T4, Canada.

What is the best Canadian cryptocurrency exchange?

The best Canadian crypto exchange is CoinSmart, with its low trading fees and advanced trading tools. It also supports multiple fiat currencies.

Do you invest in cryptocurrency? What has been your experience so far?

Disclaimer: Cryptocurrency is a volatile and speculative investment. If you decide to invest, we recommend you do your own research and only commit funds you can afford to lose. The author may own one or more of the crypto assets mentioned in this article.

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Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch is passionate about helping others win with their finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, CBC News, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, and many other personal finance publications. You can learn more about him on the About Page.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

2 thoughts on “NDAX Referral Link and Promo Codes 2023: $50 Bonus Inside”

  1. Gravatar for Rajendra

    I used your ndax referral code and after depositing my first $100, when I did not receive the referral bonus, I created a ticket with ndax and they informed me that your referral link is very old and it is already expired.

    I already loose my referral bonus and in another way you too. It would be nice if you can update your referral link so that other should not face the same problem.


    • Gravatar for Enoch Omololu, MSc (Econ)

      @Rajendra: Thanks for pointing this out. They did not inform us that their referral program was no longer active. I have updated the article.

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