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Debating between Shakepay vs NDAX?
I’ve been using both these exchanges for over a year at time of writing this post.
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.
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, setup account, send Interac e-transfer to fund account and you are done. The process is pretty seamless and fast.
Spread fee: ~1 to 2%
Crypto withdraw: Free
Interac E-transfer, Wire Transfer
Shakepay Pros & Cons
- Easy to use
- Free to withdraw crypto
- Shaking sats rewards
- Prepaid Visa Card
- Higher spread fee
- No desktop site to send or receive crypto. App only exchange
NDAX offer the lower trade fees than Shakepay. NDAX has full trade platform desktop website for buying and selling. They have only $ CAD to crypto trading pairs. No crypto to crypto trade pairs. I like how website feels fast and snappy.
Spread fee: ~0.2%
Crypto withdraw: 0.000399 BTC or about $25
Interac E-transfer*, Wire Transfer, Bank Draft
Bitcoin, Ethereum, 18+ Altcoins
NDAX Pros & Cons
- More altcoins
- Full exchange desktop app
- Low spread fee for trades
- Option to send coins on the Ethereum (ERC20) or the Binance Smart Chain (BEP20) networks
- Staking – Earn staking rewards from your crypto.
- You can only make deposits with Interac E-transfer. Can’t withdraw $ CAD funds with Interac E-transfer
- Crypto withdraw fee is high. Not ideal for sending small amounts of crypto off exchange.
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 have 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 and collect rewards through regular payouts.
Which is best exchange – Shakepay vs 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 and looking for the easiest way to buy Bitcoin or Ethereum and send it your your wallet — Sign up to Shakepay.
Looking to buy and trade Bitcoin or buy and sell thousands of dollars or crypto at time, get the lowest fees and send it 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.
Conclusion Shakepay vs NDAX: If you want he easiest exchange to use, try Shakepay. If you want the lowest fee exchange and are buying over $2700 worth of crypto try NDAX.