NovaDAX Review
Brazilian exchange with competitive fees and regular promotions
3.5/5
Overall Rating
0.2%
Starting Fee
150+
Cryptocurrencies
Free
PIX Deposit
What is NovaDAX?
NovaDAX is a cryptocurrency exchange based in Sao Paulo, Brazil, backed by Chinese technology. Launched in 2018, it has quickly grown to become one of the notable exchanges in the Brazilian market. The platform aims to combine competitive pricing with a user-friendly experience.
One of NovaDAX's distinguishing features is its regular zero-fee promotional campaigns, where users can trade certain pairs without paying any trading fees. The exchange supports over 150 cryptocurrencies and offers PIX, TED, and Boleto as deposit methods.
NovaDAX also provides an OTC desk for large trades and offers P2P trading capabilities, making it a versatile platform for various trading needs.
NovaDAX Fees
| Fee Type | Amount |
|---|---|
| PIX Deposit | Free |
| TED Deposit | Free |
| Boleto Deposit | R$3.50 |
| Spot Trading (Maker/Taker) | 0.2% - 0.5% |
| BRL Withdrawal (PIX) | R$4.90 |
NovaDAX frequently runs zero-fee promotions on popular pairs like BTC/BRL. Check their website for current promotions before trading.
Pros and Cons
Pros
- Competitive trading fees (0.2%)
- Regular zero-fee promotions
- 150+ cryptocurrencies
- Good mobile app
- OTC desk for large trades
Cons
- Smaller user base and lower liquidity
- Less established reputation
- Higher BRL withdrawal fees
- Fewer advanced trading tools
Our Verdict
NovaDAX is a solid option for Brazilian crypto buyers who want competitive fees and access to a wider range of altcoins. The zero-fee promotions can make it temporarily the cheapest place to buy Bitcoin in Brazil. However, for consistent low fees, Binance remains the better long-term choice.
NovaDAX is best suited for intermediate users who are comfortable comparing platforms and taking advantage of promotional offers. Complete beginners may prefer the simpler experience at Foxbit.