Compare: Shakepay vs NDAX
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
Recommend For
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 App
NDAX
Recommend For
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.
NDAX App
Start Trading on NDAX — Get $10
Shakepay vs NDAX Features
Order Types
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.
Customer Service
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.
Staking
Stake your digital assets on NDAX and easily collect rewards through regular payouts.
Staking on NDAX
Compare Exchange Fees
| Platform | Spread / Trading Fee | CAD Deposit Methods | Free Crypto Withdrawals | Staking | Mobile App |
|---|---|---|---|---|---|
| Shakepay | 1.0% - 2.0% spread | Interac E-Transfer, Wire | Yes (100% Covered) | No | iOS & Android |
| Newton | 0.75% - 1.5% spread | Interac E-Transfer, Wire | Yes (up to $5 covered) | No | iOS & Android |
| NDAX | 0.20% flat trading fee | Interac E-Transfer, Wire | Fixed flat fee | Yes | iOS & Android |
| Kraken | 0.16% - 0.26% Pro | Interac E-Transfer, Wire | Network fee only | Yes | iOS & Android |
| Bitbuy | 1.5% - 2.0% Express (0.1% Pro) | Interac E-Transfer, Wire | Network fee only | Yes | iOS & Android |
| Netcoins | 1.25% - 1.5% spread | Interac, Wire, Credit Card | Network fee only | No | iOS & Android |
| Wealthsimple | 1.5% - 2.0% spread | Linked Bank Account, E-Transfer | Network fee only | Yes | iOS & Android |
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.