NDAX has no promo code that I could verify, but it does run a referral offer. If you open an account through a referral link, complete verification and deposit at least CAD 100, NDAX credits you CAD 10. NDAX states no trading is required to qualify. Always confirm the live amount in the sign-up flow, because offers change.
- Sign-up link: Open an NDAX account
- My score: 8.8/10, number 8 in my ranking
| Detail | What NDAX Publishes |
|---|---|
| New user receives | CAD 10 |
| To qualify | New account through the referral link, identity verification complete, deposit of at least CAD 100 |
| Trading required | No |
| Who can join | Verified Canadian residents only |
| Referrer earns | CAD 15 (1 to 10 referrals a month), CAD 20 (11 to 20), CAD 30 (21 or more) |
| Promo code for new users | None published |
My main promo codes and bonus links page lists offers across platforms. This page covers NDAX only.
Part of my guide to crypto sign-up bonuses for Canadians.
How Does The NDAX Referral Offer Work?
- Open the link before you register. The offer attaches to the referral link you sign up through, so click it first. Mine is here.
- Verify your identity. NDAX is a registered Canadian platform, so ID checks are part of the process.
- Deposit at least CAD 100. Interac e-Transfer is free to deposit and is processed within 0 to 30 minutes, according to NDAX's fee page.
- Check your account for the credit. If it does not appear, contact NDAX support with the date of your deposit.
Is NDAX Worth Opening An Account For Beyond The Bonus?
The bonus is small, and I would not pick an exchange for CAD 10. The reason NDAX sits at number 8 in my ranking is the fee. It charges a flat 0.20% on every buy and sell, the lowest published rate among the registered platforms I track. Kraken Pro starts at 0.40% maker and 0.80% taker, and Wealthsimple charges 0.5% plus a spread on standard orders.
| Detail | Info |
|---|---|
| Status | CSA-registered CIRO dealer member, FINTRAC MSB |
| Trading fee | Flat 0.20% |
| CAD deposits | Interac e-Transfer and wire, free |
| CAD withdrawals | Interac e-Transfer CAD 1.50 (up to CAD 10,000 per transaction), direct bank deposit CAD 4.99 |
| Coins | 77 base assets on NDAX's public API |
| Staking | Opt-in, 20% administration fee on rewards |
| Derivatives | None found for Canadians |
Read the full NDAX review for the downsides, or compare it head to head in NDAX vs Coinbase and NDAX vs Kraken.
Pros
- Lowest flat fee among registered platforms I track
- Free CAD deposits
- CIRO dealer member
Cons
- Smaller coin list than Kraken or Coinbase
- CAD 100 minimum deposit for the referral credit
- No insurance dollar figure published on the pages I checked
How Does NDAX Compare With Other Registered Platforms On Cost?
| Platform | Published Structure | CAD Funding |
|---|---|---|
| NDAX | Flat 0.20% per buy or sell | Interac e-Transfer and wire free |
| Kraken | Kraken Pro 0.40% maker, 0.80% taker at the base tier; instant buy and sell 1% plus a spread | See my Kraken review |
| Wealthsimple Crypto | 0.5% plus a spread on market orders; CAD 1 extra under CAD 100 | See my review |
| Newton | Spread-based, 1.00% to 1.15% on BTC, ETH and USDC | See my review |
Take a CAD 1,000 buy as an example. At NDAX's flat 0.20%, the stated fee is CAD 2, and selling the same amount costs about CAD 2 again. A 1% structure costs CAD 10 each way. The arithmetic is mine from the published rates, and real spreads on market orders can add to it, so the live quote is the final word.
What Are The Catches In The NDAX Referral Offer?
- The bonus is CAD 10. It is a small credit, so do not choose a platform for it.
- You need a CAD 100 deposit. NDAX requires at least that amount, though no trade is needed.
- Only Canadian residents qualify. NDAX says the referral program is currently for verified Canadian residents.
- Offers change. This table reflects NDAX's own page on the day I checked, October 2, 2026.
- Verification comes first. The credit follows verification, which means ID checks and a short wait.
What Does NDAX Say About Security?
NDAX's homepage describes cold and hot wallet storage, multi-signature authorization, MPC protection and regular security audits. The pages I checked gave no insurance dollar figure and no proof-of-reserves report. That is not an accusation, and it is the same gap I see on several platforms. It does mean that for amounts you cannot afford to lose, you should withdraw to your own wallet. See my wallet ranking.
Is There An NDAX App?
Yes. On October 1, 2026, the NDAX iPhone app showed a 4.75 rating from 15,225 ratings in the Canadian App Store, and the Android app showed 4.7 on Google Play from about 5.85K reviews with 100K+ downloads. Store ratings are a noisy signal, but a high score across thousands of reviews is at least a sign the app works.
What Is NDAX Not Good At?
It has fewer coins than Kraken or Coinbase, with 77 base assets on its public API, and I found no derivatives or margin trading for Canadians. Staking is opt-in with a 20% administration fee on rewards, which is worth weighing against the alternatives in my staking guide. If you want the biggest menu, look at Kraken or Coinbase.
Which Other Sign-Up Offers Exist?
For other platforms, see my promo codes page and the referral pages for Bull Bitcoin. Newton's referral program gives a friend a CAD 20 welcome bonus after signing up and trading CAD 100 within 90 days, according to its referrals page, and Shakepay says both people get 20 dollars when you invest 100 dollars in crypto within 30 days. Check each page for current terms.
What Changed For NDAX Users In October 2026?
- : The CSA published its decision for Ndax Canada Inc., and CIRO imposed membership terms the same day. No amended decision has been listed since.
- : NDAX's fee page still shows a flat 0.20% trading fee, free Interac e-Transfer deposits and a 20% fee on staking rewards.
Frequently Asked Questions
Is There An NDAX Promo Code?
I could not find a promo code for new users on NDAX's official pages. What NDAX publishes is a referral program: a friend who signs up through a referral link, verifies and deposits at least CAD 100 receives CAD 10.
How Much Do You Get With An NDAX Referral?
The new user receives CAD 10. The referrer earns CAD 15, 20 or 30 per referral depending on the monthly tier.
What Do You Have To Do To Qualify For The NDAX Bonus?
Create a new account through the referral link, complete verification, and deposit at least CAD 100. NDAX says no trading is required.
Is NDAX Registered In Canada?
Yes. Ndax Canada Inc. is on the CSA list of authorized crypto platforms (decision December 19, 2024) and is a CIRO dealer member.
What Are NDAX's Trading Fees?
A flat 0.20% on every buy and sell, with no volume tiers. Interac e-Transfer and wire deposits are free.
Can Anyone Use An NDAX Referral Link?
NDAX says the program is currently available to verified Canadian residents only.