Exchange Review
This exchange has been flagged as inactive. There are many reasons for being flagged as inactive. We recommend you read the text below to understand why HADAX has received the inactive flag.


Exchange Fees

BTC Withdrawal Fee 0.00049 Taker Fee 0.20% Maker Fee 0.20%

Deposit Methods

No Wire Transfer No Credit Card

UPDATE: On 19 September 2018, the HADAX-platform was fully integrated to the Huobi exchange. We have therefore marked this exchange as “dead” and we refer you to the Huobi exchange.

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HADAX is a cryptocurrency exchange belonging to the Huobi company group of exchanges. Huobi has exchanges based in Canada, Brazil, United Kingdom, Hong Kong, Singapore, South Korea, Japan and Australia. HADAX, from what we can establish, is the Brazilian part of the Huobi-group, seeing as HADAX’s website has “br” in its domain name.

Brazil is the home of a large number of cryptocurrency exchanges, more than any other country in South America. In addition to HADAX, also NovaDAX, Foxbit, BitcoinTrade, Bleutrade, BitcoinToYou and FlowBTC are from Brazil.

HADAX has an impressive number of supported altcoins, and you can trade all of them against both the BTC and the ETH. Other than BTC and ETH, however, not many of the more well-known cryptocurrencies can be traded here. This offering of supported cryptocurrencies is a bit unusual.

HADAX does not explicitly state that US-investors are prohibited from trading. Only two other Brazilian exchanges prohibit US-investors. Accordingly, we do believe that US-investors can trade here. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at HADAX:

This exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. HADAX’s flat fee is 0.20%, meaning that both takers and makers pay 0.20% of the total order value as their fee to the exchange. 0.20% is quite reasonably, especially comparing to the global industry average which is arguably around 0.25%.

Finally, it should be noted that many exchanges have trading fees that are reduced as volumes are increased, meaning that you are incentivized to trade in higher volumes. HADAX is one such exchange. They offer so called “VIP discounts”. The discounts come in five different levels, the smallest discount is for VIP 1-customers that get 10% discount on their trading fees, thus trading with 0.18% flat fees. VIP 5-customers get 50% discount on their trading fees, thus trading with 0.10% flat fees. Your VIP-level is primarily dependent upon the volume of your trading.

The withdrawal fees charged by this exchange correspond to the network fees. This means that the exchange does not profit in any way from your withdrawals. This is of course a nice gesture towards the traders but there are also exchanges out there that actually pay the network fees for their investors.

This exchange does not accept any deposits of fiat currency. This means that the new cryptocurrency investors (i.e., the investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!