Cryptocurrency Address Whitelisting

September 05, 2020

Blog

Introducing Cryptocurrency Address Whitelisting

To improve the security and speed of our withdrawals we would like to introduce address whitelisting on Ndax. The whitelisting feature will allow Ndax users to automate their withdrawals.

Once you've deemed an address safe and whitelisted it, you can create a withdrawal request and send the cryptocurrency there without any intervention from the Ndax team.

Beneficial for users:

Sending larger transactions
Sending funds to their own external wallet
Sending funds to frequently used addresses

Whitelisted Address VS Non-Whitelisted Address

Whitelisted Address

Send a withdrawal
Confirm via email
Withdrawal is sent to the blockchain

Non-Whitelisted Address

Send withdrawal
Confirm via email
Wait a 10-minute pending period
Exchange verifies the transaction
Withdrawal is sent to the blockchain

How do I whitelist a cryptocurrency withdrawal address?

Outlined below are the three procedures for adding a cryptocurrency withdrawal address to the whitelist.

Part 1 - Add the address you would like to whitelist

Login to Ndax
Once you log in you will be redirected to your dashboard
Click ADDRESS BOOK on the left-hand side bar
Click ADD NEW ADDRESS on the right-hand side
Select the correct currency
Enter the cryptocurrency address you wish to whitelist
Add a LABEL to help you identify this address
Select WHITELIST ADDRESS
Click ADD ADDRESS

Part 2 - Verify your cryptocurrency address

Send a withdrawal to this address in order to verify the wallet address. There will be a 24-hour time frame to do so.

Login to Ndax
Once you log in you will be redirected to your dashboard
Click WITHDRAW at the top of the screen
Click the CRYPTOCURRENCY TAB on the left side of the screen
Choose the Cryptocurrency you’d like to withdraw
Click the WITHDRAW BUTTON
ENTER THE DESTINATION ADDRESS you’d like to send the cryptocurrency to
ENTER the DESTINATION TAG or MEMO ID if applicable
Click the green WITHDRAW NOW button

Part 3 - Wait a 24-hour cooling period

You will now enter into a 24-hour cooling period. After the 24-hour cooling period, you will be notified via email with the status of your request.

If you are based in Canada and looking for a Canadian Bitcoin exchange, then take a look at Ndax. Ndax is an easy-to-use, beginner-friendly exchange that can give you easy access to trade Bitcoin and other cryptocurrencies like Ethereum, XRP, Litecoin, Cardano, Dogecoin, EOS, and Stellar.