17 Years of Bitcoin, 17 Reasons to Trade on Ndax

On October 31, 2008, a link to a whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted on the now legendary Cypherpunk mailing list authored by a mysterious person (or possibly a group of people) going by the name Satoshi Nakamoto. This marked the beginning of Bitcoin. The system introduced a model using a transparent, public ledger—known as a blockchain—to record transactions without relying on centralized intermediaries.

Since then, Bitcoin has received significant global attention and has contributed to the development of a new type of digital asset. Over time, its price and adoption have changed considerably. Surveys and market data have also indicated increasing awareness and ownership among the public, although these figures vary by source and over time.

At Ndax, we are a Canadian-based digital asset trading platform serving individuals and institutions looking to buy and sell crypto assets within a Canadian regulatory framework. In recognition of Bitcoin’s anniversary, we outline 17 reasons users may consider Ndax for buying and trading Bitcoin in Canada.
 

1. Integration with the Canadian banking system

Ndax supports Canadian dollar funding and withdrawals through domestic payment methods. For some users, this may provide a more familiar way to move funds, depending on individual preferences.

2. Canadian regulatory status

Ndax is a registered investment dealer under securities legislation in all provinces and territories of Canada, and is a member of the Canadian Investment Regulatory Organization (CIRO) and of the Canadian Investor Protection Fund (CIPF).  CIPF coverage does not extend to any virtual assets held in user's accounts. Canadians can check whether a crypto platform is authorised to do business with Canadians using the Canadian Securities Administrators’ list. Ndax is registered with FINTRAC (M18632135) and Revenue Québec as a Money Services Business (11885).

3. Transparent fees

Ndax is a crypto trading platform with a flat 0.20% trading fee on buy and sell orders. A  flat fee structure can make trading costs easier to understand and predict.

4. Free deposits

There is no charge for users to deposit Canadian dollars or crypto.

5. Ndax Lighthouse

Ndax has a learning hub called Lighthouse, featuring hundreds of blog articles, an expanded glossary of crypto terms, and video content to help beginners and seasoned traders learn more about crypto and blockchain. 

6. Custody infrastructure

Ndax’s custody structure includes offline storage for the majority of assets, along with additional controls for managing digital assets.

7. Auto Invest Feature

Ndax offers an Auto Invest feature that lets users schedule recurring crypto purchases. Users can choose the asset, amount, and frequency that works for them.

8. Fast sign-up and verification process

While exact verification timing can vary from user to user, Ndax has a streamlined account setup process for Canadians who want to get started.

9. Advanced trading options

Ndax offers advanced order functionality for users who want more control over trade execution. 

10. OTC trading for larger orders

For users or institutions trading larger amounts, Ndax Wealth offers OTC crypto trading services in Canada with support for higher-value transactions.

11. Staking for eligible assets

Ndax offers staking opportunities for certain eligible crypto assets on its platform. Staking availability depends on the specific asset and Ndax’s current staking offering. Users should review Ndax’s staking page (or the asset’s staking availability in-app) for the most up-to-date list of supported assets and terms.

12. Access to staking rewards and tracking tools

Ndax also provides users with tools to track staking activity and monitor rewards over time.

13. Support resources and help centre

Ndax maintains a public support centre that gives users access to platform information and account help. For many users, having self-serve support resources available in one place can make the platform easier to navigate.

14. Legal and risk disclosures

Ndax provides a broad set of legal disclosures, crypto asset statements, and risk information. That gives users more documentation to review before deciding whether the platform is right for them.

15. Affiliate Program 

Ndax offers an affiliate program where users can refer friends and both parties may receive a reward after the referred user successfully completes the required deposit. Terms and conditions apply, including minimum deposit requirements. 

16. Platform access for everyone

Ndax serves both everyday users and clients looking for larger transaction support through Ndax Wealth and OTC services. That broader service offering can be helpful for users whose needs change over time.

17. Easy Navigation

Ndax offers a simple, easy-to-navigate platform and app experience designed to help users access key features with ease.