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Debating between Shakepay vs NDAX? I’ve been using both these exchanges for over two years at the time of writing this post update.
If you are buying crypto for the first time and wondering if Shakepay or NDAX are safe and legit exchanges — the answer is yes. I would recommend both exchanges to friends.
If you are a beginner and super confused by crypto and looking for the easiest way to buy Bitcoin or Ethereum — Sign up to Shakepay.
Want to trade Bitcoin or buy and sell thousands of dollars of crypto at the time, get the lowest spread fees — Sign up for NDAX.
It would depend on what coins you are wanting to buy, how much you are wanting to invest, and how what type of trader or investor you are to determine what exchange in best to use.
Here are some of the pros and cons of each exchange to compare from my experience.
Shakepay is great for people buying their first hundred or a few thousand dollars of Bitcoin or Ethereum.
If you are just getting started in crypto and looking for the easiest way to buy a small amount of crypto— it doesn’t get easier than Shakepay.
Simply download the app, set up an account, send an Interac e-transfer to fund account and you are done. The process is pretty seamless and fast.
✅ Shakepay Pros
- No fee crypto withdraws
- Simple app UI/UX
- Earn Bitcoin cashback reward with a prepaid Visa debit card
- *NEW – Dark mode
- Shakepay ShakingSATS
- Shakepay Card for BTC Rewards
❌ Shakepay Cons
- Limited coin selection
- High spread fee
- Mobile app only
NDAX offers lower trade fees than Shakepay. NDAX has a full trade platform desktop website for buying and selling crypto. They have only $ CAD to crypto trading pairs. No crypto-to-crypto trade pairs. I like how the website feels fast and snappy.
- Deposits and withdrawals: $0
- Spread: 0.2%
- Crypto withdrawal: 0.000399 BTC (~$13)
Funding & Withdrawal Options
- Interac E-Transfer – Funding only
- Bank Draft
✅ NDAX Pros
- Dark mode
- Full exchange for traders
- Low spread fee
- Option to send coins on the Ethereum (ERC20) or the Binance Smart Chain (BEP20) networks
- Staking – Earn staking rewards from your crypto
❌ NDAX Cons
- You can only make deposits with Interac E-transfer. Can’t withdraw $ CAD funds with Interac E-transfer.
- Crypto withdrawal fee is high
Shakepay vs NDAX Features
Both Shakepay and NDAX offer: recurring buys and limit orders.
You can also send funds to friends for free if they are also on the same exchange for Shakepay or NDAX.
Both exchanges have dedicated subreddits. When I contacted the exchanges for questions via email they both responded within a few hours.
Account Setup / KYC
Setting accounts on both exchanges was fast and easy with an automated near-instant KYC process using 2FA for security.
Stake your digital assets on NDAX and easily collect rewards through regular payouts.
Compare Exchange Fees
# of Coins
1 - 2%
Crypto: Free up to $5
0 - 1.5%
0.2 - 0.3%
Crypto: 0.00001 BTC
0.5 - 2.5%
1.49 - 3.99%
1.49 - 3.99%
~1.5 - 2%
0.5 - 1.25%
Crypto: you decide fee
Fiat: 0 - 1.5%
Crypto: 0.0005 BTC
Which is the best exchange – Shakepay vs NDAX?
Conclusion Shakepay vs NDAX: If you want the easiest exchange to use, try Shakepay. If you want the lowest fee exchange and are buying over $2700 worth of crypto try NDAX.
It depends on what you are buying or selling and what your goals are. It has come in handy having both KYC accounts at both exchanges.
If you are a beginner and super confused by crypto and looking for the easiest way to buy Bitcoin or Ethereum and send it to your wallet — Sign up to Shakepay.
Looking to buy and trade Bitcoin or buy and sell thousands of dollars of crypto at the time, get the lowest fees, and send it to your wallet — Sign up for NDAX.
I would recommend signing up for both exchanges as they do offer different services and it helped my understand the crypto landscape a little better when seeing how different applications can operate.
HowToBuyBitcoin101.com is basic how-to crypto guides, reviews, and information for beginners to get started with cryptocurrency in Canada. Personal investment disclosure: I am long BTC & ETH. I take profits when I feel like it. I trade altcoins in hot markets. NOT investment advice. Investing in cryptocurrency is risky. Do your own research.
Seen in: Finbold, CoinMarketCap, and TheBitTimes.com