CALGARY, AB, June 23, 2018 — National Digital Asset Exchange Inc. (“NDAX”) is excited to announce the soft launch of Canada’s newest and most advanced digital currency exchange. Canadians buying and selling cryptocurrency have struggled with enormous fees, questionable offshore banking, and poor customer service. NDAX is a national exchange allowing users to trade cryptocurrencies in the fastest, safest and most affordable manner. With clients’ funds held in a segregated Canadian bank account, users will feel secure knowing their money stays in Canada with a trusted banking institution.
A Competitive Edge
NDAX offers a number of competitive advantages within the Canadian marketplace including lowest trading fees, instant ID verification, institutional-grade trading platform, deep liquidity for large transactions, and a large portfolio of coins. NDAX offers customers the ability to easily trade: Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH), in and out of Canadian Dollars. …
CALGARY, Alberta, May 31, 2018 (GLOBE NEWSWIRE) — National Digital Asset Exchange Inc. (“NDAX”) is pleased to announce the soft launch of Canada’s newest and most advanced digital currency exchange. Users will feel secure knowing their Canadian dollars are deposited in a segregated bank account at a trusted Canadian banking institution. An introductory offer of zero deposit fees will be available to users for the remainder of 2018. The soft launch is a planned strategy to put NDAX’s platform through a stress test and identify areas of improvement before officially going live.
A Competitive Edge
NDAX offers a number of competitive advantages including: low trading and withdrawal fees, instant ID verification, institutional level security, deep liquidity for large transactions, and a large portfolio of coins. NDAX offers customers the ability to easily trade: Bitcoin (BTC), Ripple (XRP), Ethereum (ETH) and many other coins, in and out of Canadian Dollars. …
Battle of the Titans (Bitcoin VS Banks )
Bank of America recently joined other world banks in the move to ban its customers from buying bitcoin with a credit card. Bitcoin was initially introduced to the world in 2009 but had only just begun to gain momentum at the end of 2016. It is a digital payment and cryptocurrency system that works on a distributed and decentralized basis, with no central intermediary to carry out transactions.
The traditional banking system works with ‘Fiat’ Currency, and the reserve currency in Canada is the Canadian Dollar. Because the fiat currencies can be printed at will or when needed, the supply is not necessarily ‘fixed’ or ‘capped’. Due to the ease at which traditional money is printed, it can slowly lose its value over time. The banks have legal obligations to their customers and have the ability to reverse transactions in the event of fraudulent activities among other things. The traditional banking system allows for reasonable reliability for digital transactions, although the amount of time for clearing can be long — most notably for wire payments. …