NDAX is based in Calgary, Alberta and is one of the most significant Canadian exchanges, offering individuals, institutions and corporations the means to buy, sell, store and trade crypto assets in a quick, secure and straightforward manner.
The National Digital Asset Exchange Inc. cryptocurrency exchange is intended for both experienced and first-time users. The advanced trading platform is manufactured with institutional-grade technology which is capable of handling more than 1MM transactions per second. NDAX has an extensive portfolio of cryptocurrencies which can be directly traded with Canadian dollars, including Ripple (XRP), Bitcoin (BTC), Bitcoin cash (BCH), Ethereum (ETH), Litecoin (LTC), and EOS. NDAX aims to offer institutions and individuals alike with a world-class experience when buying, to sell, and to store their digitals assets affordably, securely and promptly.
What Is The Best Aspect Of This Exchange That People May Be In The Dark About?
The exchange has a banking relationship which gives them a substantial competitive advantage. Since they are integrated into the Canadian banking sector, it enables them to provide clients with:
- Same day settlement
- Low fees
- Full security on USD and CAD transactions
Clients have the benefit of having their funds kept in a segregated Canadian bank account until it is fully guaranteed.
What Are The Future Plans For NDAX With Relation To Growth, Expanding, And Diversifying?
NDAX presently provides the following coins:
- Bitcoin (BTC)
- Bitcoin cash (BCH)
- Ethereum (ETH)
- Ripple (XRP)
- Litecoin (LTC)
NDAX strategizes to add more to this list every month. Their goal is to be the number one exchange for clients to purchase Bitcoin as well as other digital currencies. They intend to move into new markets shortly. You can look at this summary to gain more info on this cryptocurrency.
NDAX’s future plans include issuing a security token offering (STO) and making it accessible globally.
The token will provide users with various features, including:
- Discounted trading fees.
- The token will be paired with significant cryptocurrencies.
Advanced Security To Customers
Ledger Vault is an enterprise infrastructure technology platform which offers the best protection and trust to consumers. The company provides industry leading as well as independently certified ledger hardware wallets. They have entered into a partnership with NDAX. The vault consists of a multi-authorization governance infrastructure suited for management of crypto assets. It was specially engineered with the necessities of institutional and enterprise clients in mind.
NDAX clients can now enjoy a range of benefits under this agreement with Ledger Vault:
- User private keys are stored in isolation and protected by an enhanced governance framework which is lowering custodial risk.
- Segregated crypto-asset accounts which have multi-signature features.
- HSM (Hardware Security Module) with true N-signature admittance, offering premeditated accounting and legal firms access as extra key holders in case of an emergency.
- Regulatory compliance.
- Fully operational liquidity as well as operational cold storage management.
Canadian Bank Relationship
With NDAX’s relationship with a Canadian-based bank, they can now offer clients with easy-to-use interface which can handle expedited settlement of funds. Funding options are:
- Interac e-transfer
- Wire transfer
- Certified cheque / Bank draft
Only EFT withdrawals are permitted.
NDAX has inter-market rates which are reserved for large institutions only. Transaction fees of 0.20% as well as minimal withdrawal/deposit fees.