Enter your estimated monthly trading volume in BRL to see what fee tier you'd qualify for and how much you could save.
Enter your trading volume above to calculate your potential fee tier and savings.
| Tier | 30-Day Volume (BRL) | Taker Fee |
|---|---|---|
| Basic | 0 - 10,000 | 0.25% |
| Bronze | 10,001 - 50,000 | 0.20% |
| Silver | 50,001 - 200,000 | 0.15% |
| Gold | 200,001 - 500,000 | 0.10% |
| Platinum | 500,001 - 1,000,000 | 0.07% |
| Diamond | > 1,000,000 | 0.015% |
When looking at NovaDAX is a Brazilian cryptocurrency exchange launched in 2018 and backed by the Abakus Group, the first question is whether it can hold its own against global giants like Binance and Coinbase. With over 100,000 active users, a claim of the lowest fees in Brazil, and a portfolio that stretches to more than 300 trading pairs, NovaDAX positions itself as the go‑to platform for South American traders. This review breaks down the platform’s strengths, weaknesses, fees, security, and overall usability so you can decide if it fits your trading style.
NovaDAX’s interface is split into a basic view for newcomers and an advanced view for seasoned traders. Opening an account takes under a minute - you just need a Brazilian CPF or a foreign passport, an email address, and a selfie for KYC. Once verified, you can fund the account using BRL transfers at zero cost, or deposit major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) instantly.
The exchange’s trading engine supports between 200‑640 coins depending on market listings, but the most actively traded assets remain the usual suspects: Bitcoin, Ethereum, Tether (USDT), Litecoin, Ripple, Cardano, and Dogecoin. Users can create market, limit, or stop orders, and the order book updates in real time, giving a clear view of liquidity.
As of October2025, NovaDAX lists roughly 260 cryptocurrencies across more than 300 pairs. The platform groups assets under three primary base currencies - BTC, ETH, and USDT - with BRL as the main fiat gateway. Some noteworthy pairings include:
While the sheer number of coins is impressive, liquidity can be thin on the less‑traded pairs. For high‑frequency traders, sticking to the top 30 pairs is advisable.
NovaDAX advertises a tiered fee model that rewards volume. The base taker fee is 0.25% for all users. As your 30‑day trading volume climbs, the fee drops across eleven tiers, reaching a minimum of 0.015% for the highest‑volume VIPs. Unfortunately, the exchange does not publicly disclose the exact volume thresholds for each tier, and support agents have been reported to give vague answers.
Withdrawal fees vary by asset. For example, a Bitcoin withdrawal costs 0.0005BTC, while a USDT withdrawal on the ERC‑20 network is $5. Deposits and fiat withdrawals are free, which is a big plus for Brazilian users who move money in and out of local banks.
Below is a simplified view of the fee progression (values are approximate, based on user reports):
| Tier | 30‑day Volume (BRL) | Taker Fee |
|---|---|---|
| Basic | 0‑10,000 | 0.25% |
| Bronze | 10,001‑50,000 | 0.20% |
| Silver | 50,001‑200,000 | 0.15% |
| Gold | 200,001‑500,000 | 0.10% |
| Platinum | 500,001‑1,000,000 | 0.07% |
| Diamond | >1,000,000 | 0.015% |
For traders who plan to move large volumes, the fee discount can offset the lack of futures products, but you’ll need to monitor your volume closely to stay in the optimal tier.
Security is a major selling point for NovaDAX. The platform stores the majority of user funds in cold‑storage wallets, with only a small hot wallet for daily withdrawals. Two‑factor authentication (2FA) is mandatory for withdrawals, and the exchange employs IP whitelisting for added protection.
The parent company, Abakus Group, provides financial backing and conducts regular third‑party audits. While the exchange is registered with Brazil’s Central Bank‑linked regulatory body, it does not yet hold a full‑scale crypto‑exchange license from the Securities Commission, which some users view as a compliance gap.
Overall, the combination of cold‑storage, 2FA, and regular audits gives NovaDAX a security rating that rivals many global platforms. However, users should still enable all available security features and keep personal credentials offline.
The NovaDAX mobile app-available on iOS14+ and Android8+-delivers a clean, card‑based dashboard that shows portfolio value, recent trades, and price alerts at a glance. The app includes an integrated wallet, allowing you to receive, store, and send crypto without leaving the platform.
New users appreciate the quick onboarding flow: fill in personal data, snap a photo of a government ID, and verify a selfie. The basic trading screen offers a simple buy/sell slider, while advanced users can switch to a full‑screen chart with candlesticks, depth charts, and multiple order types.
Criticism focuses on customer support. Brazilian users generally receive timely replies via WhatsApp, but international users report email responses taking up to 72hours. The lack of a live chat option further hampers quick issue resolution.
| Feature | NovaDAX | Binance | Coinbase | Kraken |
|---|---|---|---|---|
| Supported Coins | ~260 | ~5,000 | ~500 | ~300 |
| Fiat Options (BRL) | Yes (free deposits) | Limited | No | No |
| Derivatives (Futures, Margin) | No | Yes | No | Yes |
| Daily Volume (M USD) | 13.4 (2021) | 300+ | 50+ | 30+ |
| VIP Fee Discounts | 0.25% → 0.015% | 0.10% → 0.02% | 0.50% → 0.30% | 0.26% → 0.10% |
| Customer Support | WhatsApp, Email (slow) | Live Chat 24/7 | Email, Phone (US) | Live Chat, Email |
| Security Rating | High (cold‑storage) | High | High | High |
NovaDAX shines in the Brazilian market thanks to free BRL deposits and localized support, but it lags behind global players in asset variety and advanced trading products. If you’re primarily trading spot markets and need a straightforward way to move BRL in and out, NovaDAX is a compelling choice. For traders chasing futures, options, or the deepest liquidity, Binance or Kraken remain the better bets.
If you live in Brazil or frequently move BRL into crypto, NovaDAX review shows that the platform offers a solid, secure, and low‑cost way to trade a wide range of assets. Its biggest drawbacks-lack of advanced derivatives and opaque VIP tier rules-make it less suitable for professional traders who need every tool under one roof. For retail investors who value local support, simple spot trading, and transparent fee discounts, NovaDAX remains a top contender in the Latin‑American crypto space.
Yes, NovaDAX stores the majority of assets in cold‑storage and requires two‑factor authentication for withdrawals. Regular third‑party audits and backing by the Abakus Group add extra confidence. Still, best practice is to keep only what you need for trading on the exchange and store the rest in a personal hardware wallet.
VIP status is tiered by 30‑day trading volume. The more you trade, the lower your taker fee drops, down to 0.015% at the highest tier. Exact volume thresholds aren’t published, so you’ll need to monitor your personal dashboard or ask support for the current thresholds.
No, NovaDAX only offers spot trading. If you need leveraged products, you’ll have to use another exchange such as Binance or Kraken.
Brazilian reais (BRL) is the primary fiat, and the platform also supports Euro (EUR) for European users. Deposits and withdrawals in BRL are free of charge.
Yes, NovaDAX provides native apps for iOS 14+ and Android 8+. The apps let you trade, view charts, and manage your wallet on the go.
I'm a blockchain analyst and active trader covering cryptocurrencies and global equities. I build data-driven models to track on-chain activity and price action across major markets. I publish practical explainers and market notes on crypto coins and exchange dynamics, with the occasional deep dive into airdrop strategies. By day I advise startups and funds on token economics and risk. I aim to make complex market structure simple and actionable.
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