NovaDAX Fee Calculator
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NovaDAX Fee Tiers (Approximate)
| 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.
Key Takeaways
- NovaDAX offers a broad selection of over 250 cryptocurrencies and 60+ fiat‑crypto pairs, making it one of Brazil’s most diversified exchanges.
- Fees start at 0.25% for basic users and drop to as low as 0.015% for VIP traders, but tier requirements are opaque.
- Security is solid - the platform uses cold‑storage, two‑factor authentication, and regular audits, earning praise from industry observers.
- Customer support can be slow, especially for non‑Brazilian users, and the lack of futures or margin trading limits advanced traders.
- The mobile app is smooth on both iOS and Android, with real‑time portfolio tracking and an all‑in‑one wallet.
Platform Overview
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.
Supported Assets & Trading Pairs
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:
- BTC/BRL - ideal for converting local currency into Bitcoin.
- ETH/USDT - popular for moving value between two major networks without leaving the crypto sphere.
- ADA/USDT, BNB/BRL, and DOGE/BRL - provide exposure to high‑volume altcoins.
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.
Fee Structure & VIP Tiers
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 & Compliance
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.
User Experience & Mobile App
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.
How NovaDAX Stacks Up Against the Competition
| 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.
Pros and Cons
- Pros
- Extensive crypto selection for a Latin‑American exchange.
- Zero‑fee fiat deposits and withdrawals in Brazilian reais.
- Strong security measures and cold‑storage usage.
- User‑friendly mobile app with built‑in wallet.
- Fee discounts that can reach sub‑0.02% levels for high‑volume traders.
- Cons
- Tier requirements for fee discounts are not publicly disclosed.
- No futures, margin, or options trading.
- Customer support can be slow, especially for non‑Brazilian users.
- Liquidity, while decent, is far behind major global exchanges.
Final Verdict
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.
Frequently Asked Questions
Is NovaDAX safe for storing large amounts of crypto?
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.
How do I become a VIP trader and get lower fees?
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.
Can I trade futures or margin on NovaDAX?
No, NovaDAX only offers spot trading. If you need leveraged products, you’ll have to use another exchange such as Binance or Kraken.
What fiat currencies does NovaDAX accept?
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.
Is there a mobile app for iOS and Android?
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.
Comments (8)
John E Owren
October 5, 2025 AT 14:22 PMNovaDAX is decent for Brazilian users who want to avoid insane bank fees, but the lack of futures is a dealbreaker for anyone serious about trading. I’d use it as a BRL on-ramp, not a primary exchange.
Joseph Eckelkamp
October 6, 2025 AT 08:58 AMLet’s be real: the ‘lowest fees in Brazil’ claim is only true if you ignore the fact that their VIP tiers are a black box. You’re supposed to just… trade more? And then magically get rewarded? No transparency, no trust. Meanwhile, Binance gives you a live dashboard showing your tier progress. Why is this still a thing in 2025?
Also, ‘over 300 trading pairs’ sounds impressive until you realize half of them have less liquidity than a puddle after a drought. I’ve tried trading ADA/USDT on here-spent 45 minutes watching the order book blink like a dying LED.
And don’t get me started on the ‘security is solid’ line. Cold storage? Great. But if your support team takes 72 hours to reply to a withdrawal issue, and your only live channel is WhatsApp (which, let’s be honest, is just a glorified SMS), then your security is just theater.
They’re not evil. They’re just… lazily optimized for the Brazilian market and indifferent to everyone else. Which is fine-until you’re a foreigner trying to move $5K and realize you’re speaking to a bot that thinks ‘BRL’ is a typo for ‘BRB’.
Still, if you’re in São Paulo and want to buy Bitcoin with your paycheck without paying 8% in bank fees? Yeah, it’s probably the best option. Just don’t expect to grow beyond it.
Jennifer Rosada
October 6, 2025 AT 21:41 PMIt is deeply concerning that NovaDAX does not hold a full-scale license from Brazil’s Securities Commission. This is not merely a ‘compliance gap’-it is a regulatory violation in all but name. Financial institutions that operate without proper authorization endanger not only individual investors, but the integrity of the entire market ecosystem. The fact that this platform is being promoted as ‘secure’ while circumventing core regulatory obligations is ethically indefensible.
Furthermore, the opaque tier structure for fee reductions constitutes a form of predatory obfuscation. Consumers should not be forced to engage in speculative trading behavior merely to qualify for basic fee structures. This is not innovation-it is exploitation disguised as reward.
Additionally, the claim of ‘zero-cost fiat deposits’ is misleading when paired with withdrawal fees that are disproportionately high for certain assets. This creates a de facto lock-in effect, wherein users are incentivized to hold assets on-platform rather than self-custody-a practice antithetical to the core tenets of decentralization.
One must ask: if this platform were based in the United States or the European Union, would it survive regulatory scrutiny for even one week? The answer is no. And yet, here we are, treating it as a viable alternative to global exchanges. This is not progress. It is regulatory arbitrage.
While the mobile interface may be aesthetically pleasing, aesthetics do not compensate for systemic risk. I urge all users to reconsider their reliance on platforms that operate in regulatory gray zones. There are safer, more transparent alternatives available.
adam pop
October 7, 2025 AT 16:12 PMAbakus Group? That’s the same company that got flagged by the Brazilian Central Bank for laundering crypto through shell companies in 2023. They rebranded, changed the logo, and now they’re back with a ‘review’ that looks like an ad. The ‘cold storage’? Probably just a few wallets in a basement in Curitiba. The ‘audits’? Paid for by them. The ‘2FA’? Easily bypassed if you know the social engineering tricks they teach their own support staff.
And don’t believe the hype about ‘100,000 active users.’ That’s probably just bots created by their own dev team to inflate stats. I’ve seen the trading volume charts-there’s no way that 13.4M USD daily volume is real. They’re faking it with wash trading. You think your ADA is safe? It’s probably just a mirrored balance in a dummy account.
They’re not a crypto exchange. They’re a Ponzi funnel. The only thing you’re getting is a false sense of security while they slowly drain the liquidity from the bottom-tier pairs. Don’t be the last guy holding DOGE/BRL when the lights go out.
Dimitri Breiner
October 7, 2025 AT 19:34 PMFor anyone new to crypto in Brazil, NovaDAX is hands-down the easiest way to get started. No need to juggle multiple platforms-just deposit BRL, buy BTC or ETH, and you’re done. The app is clean, the fees are low if you trade even a little, and the fact that they support so many altcoins means you don’t have to hop between exchanges every time you want to try something new.
Yeah, no futures is a bummer, but most people don’t need that. They just want to buy, hold, and maybe flip a few memecoins. NovaDAX does that better than anyone else in the region.
And yes, the VIP tiers are vague-but so are a lot of exchanges. If you’re trading $100K a month, you’ll get a reply from support eventually. If you’re not, then you’re not losing anything by staying at 0.25%. The real win is zero deposit fees. That’s worth more than all the futures trading in the world.
Just don’t leave your life savings there. Use it like a brokerage, not a bank. Buy your crypto, move the rest to a wallet, and keep trading. Simple.
LeAnn Dolly-Powell
October 7, 2025 AT 22:46 PMOMG I just signed up and the app is SO cute!! 🥹 I love how the portfolio cards pop up and the price alerts actually work! I bought my first $20 of DOGE today and felt like a real trader 😭 I’ve been scared to try crypto for years but NovaDAX made it feel so easy and safe. Also, zero fees for BRL deposits? That’s like free money!! I’m telling all my friends in Rio to check it out!! 💕🙌
Anastasia Alamanou
October 8, 2025 AT 15:55 PMFrom an institutional perspective, NovaDAX represents a compelling case study in localized fintech adaptation. By anchoring its infrastructure to the Brazilian regulatory environment and leveraging BRL liquidity channels, the platform achieves a high degree of operational efficiency within its target market. The absence of derivatives is not a deficiency per se, but a strategic alignment with retail-oriented use cases.
That said, the opacity surrounding VIP tier thresholds introduces a non-trivial asymmetry of information, which may undermine trust in the platform’s incentive architecture. While this is not uncommon in emerging-market exchanges, it does present a governance challenge.
Furthermore, the integration of a native wallet within the mobile application enhances user retention and reduces friction in asset management-critical for onboarding non-technical users. The emphasis on cold storage and third-party audits demonstrates a baseline commitment to security hygiene.
For users operating within the BRL ecosystem, NovaDAX offers a uniquely optimized experience. For international participants, however, the support infrastructure remains insufficient. A multilingual support tier and API documentation would significantly broaden its utility.
Ultimately, NovaDAX is not a global competitor-but it doesn’t need to be. It is, instead, a model for how regional exchanges can thrive by deeply understanding local needs.
Joseph Eckelkamp
October 9, 2025 AT 03:23 AMActually, I just checked my dashboard-after trading $120K in 30 days, I hit Platinum. The fee dropped to 0.07%. But guess what? The app still doesn’t tell me how close I am to Diamond. No progress bar. No tooltip. Just a silent ‘you’re now Platinum’ notification. That’s not a reward system. That’s a game of hide-and-seek with your own money.