NDAX Referral Link and Promo Codes (Get $10 to $25 Free in 2022)

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 our NDAX referral code link or referral code (bfP8k7), you 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.

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 2022

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 Fees

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 transfer or wire transfer.

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 a majority of 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

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.

Related: Best Bitcoin Apps in Canada.

 NDAXBitbuyWealthsimple Crypto
Coins offered30+ types25+ types50+ types
Trading fees0.20% trading fee: $4.99 for fiat withdrawals; free deposits0.20% trading fee; 1.50% for withdrawals and depositsUp to 2% trading fee; free withdrawals and deposits
Funding optionsInterac e-Transfer, wire transfer, bank draft, cryptoInterac e-Transfer, bank wire, cryptoElectronic Funds Transfer, debit card, crypto
Instant verificationYesYesYes
SecurityCold storage, 2FACold storage, 2FACold storage, 2FA
Referral bonus$10 when you deposit $100$20 when you deposit an initial $250 or more$25 when you deposit at least $150
Learn moreVisit NDAXVisit BitbuyVisit Wealthsimple Crypto

NDAX Referral Code FAQs

How do I withdraw money from NDAX?

You can withdraw funds from your account using wire transfer, bank draft, or cryptocurrency. A $25 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?

NDAX offers one of the lowest fees you will find for a crypto exchange in Canada. Also, if you want to trade more than just Bitcoin and Ether, NDAX is one of my top choices.

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

Related: BlockFi Review.

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.

Best Promotions this month

Get the best FREE chequing account offer in Canada with *$350 cash bonus*

$350 cash bonus when you add a $100 direct deposit for 3 months.

Unlimited free debits and Interac e-Transfer transactions.

No monthly account or transaction fees.

Earn a 3.00% high-interest rate on your savings.

No monthly or minimum balance is required.

Best no-fee cash back credit card with a $150 welcome bonus

$150 sign-up bonus on first $1,000 spending within 2 months.

Get unlimited 2% cashback in three categories of spending.

Low $12,000 income requirement and 600+ credit score.

0.50% unlimited cashback on all other purchases and no annual fee.

Get $20 welcome bonus with free KOHO app & up to 10% cash back

Free reloadable prepaid Mastercard (use CASHBACK referral code).

Earn 0.50% cash back on all purchases and up to 10% at select partners.

Save automatically and earn 1.20% interest on your balance.

Access to a free budgeting app.

Get a cash bonus and FREE stock trading in Canada ($25 bonus)

Top commission-free stock and ETF trading platform in Canada.

$25 cash bonus when you fund your account with $150.

$0 trading commissions on thousands of products.

Earn free stocks when you refer your friends.

Retirement 101 eBook - 3D

Author

Photo of author
Enoch Omololu

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 has a passion for helping others win with their personal 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, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

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.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  • Best free chequing account offer in Canada!
  • Get a $350 cash bonus*
  • Unlimited free transactions and no monthly fees.
  • Unlimited free Interac e-Transfers® 
*Terms and conditions apply. Limited time offer.
Get a free chequing account and $350 cash bonus! Unlimited free transactions and no monthly fees!
*Terms and conditions apply. Limited time offer.
0 Shares
Share
Pin
Tweet
WhatsApp
Reddit