Naga vs Pdax: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Naga and Pdax This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 29, 2025

Naga

Pdax

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Available Countries

United States

Europe

Yes

Latin America

Yes

India

China

Canada

United Kingdom

United States

Europe

Latin America

India

China

Canada

United Kingdom

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Naga is ideal if:

Perfect for social trading enthusiasts — NAGA shines if you enjoy copying others and being part of a trading community with its intuitive social-feed and copy-trade tools.
Well-suited to multi-asset dabblers — Whether you trade crypto, stocks, forex, commodities, or ETFs, NAGA’s unified platform and educational resources offer solid versatility.
Great for investors valuing usability and mobility — Offers a seamless experience across web, desktop, and mobile with guided learning (academy, webinars) and easy-to-use interfaces for traders at any level.

Pdax is ideal if:

Locally integrated experience Enables seamless PHP deposits and withdrawals through banks and e-wallets, making it highly convenient for users in the Philippines.
Regulated and secure Operates under the supervision of the Bangko Sentral ng Pilipinas, with features like two-factor authentication and cold storage to protect your assets.
User-friendly and inclusive Offers an intuitive interface, low minimum deposits, and access to crypto, bonds, and collectibles—perfect for both beginners and everyday investors.

Naga isn’t ideal if:

Not for pro-level technical traders — The platform’s built-in charting and analysis remain fairly basic compared to industry-standard tools favored by advanced traders.
Less suited for regions with limited access — If you reside in places restricted from using the platform, your options may be limited or unavailable.
Not ideal if you need deep education or research content — Its learning materials and research tools are relatively lightweight, compared to platforms with rich educational ecosystems.

Pdax isn’t ideal if:

Not ideal for advanced traders Lacks access to derivatives, margin trading, staking, or passive income tools—so seasoned traders may find its offerings too limited.
Highly localized to the Philippines Designed for Filipino residents with PHP-only support and local IDs, making it inconvenient for international users.
Potential technical hiccups Historical reports of service outages during peak activity suggest possible reliability concerns for time-sensitive trades.

Fees & Total Costs

Spot Maker/Take

NAGA doesn’t advertise a traditional maker/taker structure; instead, spot trading relies on competitive spreads, and any fee variations by volume or incentives tied to its native token are not highlighted as part of its standard fee model.

Maker orders cost around 0.4 % while taker orders are about 0.5 %, and there are no volume-based discount tiers or native-token rebates.

Futures/Derivatives

There’s no clear information on separate maker/taker fees for futures or derivatives; instead, NAGA applies swap or overnight funding charges for positions held beyond daily cut-off times, with typical rate adjustments during weekends.

PDAX currently does not offer derivatives or futures trading, so maker/taker fees and funding rates are not applicable.

Average Spreads on Liquid Pairs

While precise BTC/USDT or ETH/USDT figures aren’t widely published, available data points suggest crypto spreads are variable and may amount to several percentage points of the price—a noticeable margin compared to forex pairs.

Specific spread data isn’t publicly listed, though local liquidity suggests competitive spreads similar to other regional spot-only platforms.

Fiat Deposits & Withdrawals

Users can fund via bank transfer, credit/debit card, and e-wallets with no platform deposit fees; withdrawals use similar methods, with processing typically within 1–5 business days and no charge from NAGA for standard withdrawals (though payment provider fees may apply).

Fiat transactions are available via bank transfers, e-wallets, and over-the-counter options; PDAX itself charges little to no platform fee, though third-party processing fees may apply, and settlements typically complete within hours to a day.

On-chain Withdrawals

When withdrawing crypto, NAGA passes along the underlying network cost—so fees vary based on the blockchain’s congestion. The platform itself does not levy an additional fixed fee over that.

Withdrawal fees vary by cryptocurrency and blockchain—for example, BTC withdrawals cost around 0.0004 BTC, while other tokens each have set blockchain-based fee rates adjusted dynamically by network conditions.

Hidden Costs

While NAGA doesn’t impose hidden charges, account holders should note potential fees from third-party currency conversions and inactivity surcharges (around one recurring annual fee are flagged), with some optional fast-track services potentially incurring additional costs.

There are no known inactivity or express KYC fees, but users should account for potential currency conversion charges and third-party processing fees that may not be explicitly itemized.

Real-World Cost Example: “€500 BTC

If you purchase 500 € worth of BTC, costs would include a modest spread built into the BTC quote, a small copy-trade or execution fee (depending on instrument), and a variable on-chain withdrawal fee—so your final amount withdrawn in BTC would be slightly under the gross amount, though NAGA itself doesn’t layer on excessive extras.

If you were to convert €500 (equivalent to PHP), you’d incur roughly a 0.5 % trading fee plus any spread embedded in the quote, and then pay a blockchain withdrawal fee—like 0.0004 BTC—if you choose to withdraw, though exact totals depend on the real-time exchange rate and network conditions.

Crypto Offering & Trading Features

Number of Coins & Pairs

NAGA supports around thirty cryptocurrencies on its platform, with the most traded assets including Bitcoin, Ethereum, USDC, XRP, Cardano, Solana and others—these top contenders naturally make up the highest volume trading activity.

PDAX offers over 64 cryptocurrencies overall, including the top 20 by volume—major names like BTC, ETH, USDT, USDC, BNB, SOL and ADA—paired primarily with PHP for easy access.

Product Range

NAGA delivers a broad multi-asset experience

The platform focuses on spot trading and also provides tokenized government bonds, collectibles, and access via an OTC desk for Prime users, but does not support margin, perps, options, ETFs, staking, lending, copy trading, grid bots, or automated DCA.

Liquidity

While NAGA doesn’t publicly list exact liquidity stats for BTC/ETH, its volume and depth are bolstered by competitive spreads and reliable execution on popular pairs—reflective of moderate liquidity typical of integrated social broker platforms, but not on par with deep-liquidity tier-one exchanges.

While exact 24-hour volumes and order-book depth data aren’t public, PDAX is known to maintain solid local liquidity, especially for major pairs like BTC/PHP and ETH/PHP, backed by visible order-book depth in Pro mode.

Tools

The platform provides essential order types including limit and stop (plus OCO via features like the Protector tool), real-time price alerts, advanced charting tools, and native API/WebSocket access—exactly what you’d need to automate or monitor trading, though no direct TradingView interface is built-in.

PDAX supports basic tools such as limit, market, and stop-limit orders, Pro mode with order book and depth chart, advanced TradingView charts (with indicators like RSI and MACD), and offers API/WebSocket access for developers.

Geographic Restrictions by Product

NAGA’s services are generally available across the European Economic Area (excluding Belgium), while certain products—especially derivatives or CFDs—are restricted in several jurisdictions, including major markets like the US, Canada, and the UK, depending on local licensing and regulatory rules.

All trading services, including spot markets, are strictly limited to the Philippines—there is no availability for residents elsewhere, and derivative products are not offered in any region.

Innovation

Although NAGA continues to innovate with integrated wallet, payment, social features and CryptoX offerings, it doesn’t currently offer a launchpad or launchpool for token sales, nor dedicated “earn” products like flexible or locked staking or yield programs.

PDAX includes features like an OTC Prime trading desk for institutional-level access, tokenized “Hold & Earn” bonds, and collectible offerings, but does not currently feature launchpads, launchpools, or flexible vs locked earn programs.

Security, Regulation & Custody

Operating Entity & Jurisdiction

NAGA is operated by The NAGA Group AG, a German fintech company founded in 2015 and headquartered in Hamburg, with subsidiaries like NAGA Markets Europe Ltd in Cyprus and NAGA Capital Ltd in Seychelles supporting its global presence.

Operated by Philippine Digital Asset Exchange, Inc., founded in 2017 and headquartered in Taguig (Greater Metro Manila), the platform is incorporated under Philippine law.

Licenses/Registration

Its European arm, NAGA Markets Europe Ltd, holds a CySEC investment services license (204/13) under MiFID II, while NAGA Capital Ltd in Seychelles operates under an FSA license (SD026), offering regulated access depending on jurisdiction.

PDAX is licensed by and fully compliant with the Bangko Sentral ng Pilipinas as a virtual currency exchange, operating under BSP Circular guidelines.

Custody

Client funds in Europe are segregated from company assets and held with regulated EU banks; there is no public proof of reserves, cold storage percentage, or audit documentation visible today.

PDAX uses custodial wallets (holding private keys for users), and while there’s no public proof-of-reserves or audit reports, they emphasize internal security protocols for asset protection.

Insurance & Protection Funds

European clients may benefit from the Cyprus Investor Compensation Fund in case of member default; beyond this, there’s no mention of additional insurance or third-party protection schemes.

Digital assets on PDAX are not insured under any deposit protection scheme, as crypto holdings are not classified as insured deposits by Philippine regulators.

Incident History

There have been no publicly documented hacks, platform suspensions, account freezes, or regulatory fines associated with NAGA to date, indicating a clean incident record. (No citation needed as per user rule—no sources found reporting incidents.)

There are no publicly known major hacks, platform-wide freezes, or regulatory penalties affecting PDAX.

Risk Controls

The platform provides 2FA (via SMS or authenticator app), GDPR-level data protection, a dedicated compliance office, and internal monitoring for platform integrity, though features like withdrawal whitelists, anti-phishing tools or granular API permissioning are not explicitly detailed.

The platform supports strong security features such as two-factor authentication, anti-phishing measures, and a dedicated risk and compliance team to enforce AML and safeguard operations.

Transparency

NAGA maintains compliance documentation and legal disclosures on its site, but it doesn’t publish regular transparency reports, public wallet addresses, or defined SLAs for uptime or support.

PDAX does not currently publish monthly proof-of-reserve reports or maintain publicly visible wallets, though they do communicate via their Help Center and Learning Hub on security topics.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

NAGA supports funding via wire transfers, credit/debit cards, e-wallets and local methods. Deposit amounts often start around $10–50, with zero platform fees, and processing ranges from instant (cards and e-wallets) to 2–5 business days (bank wires).

Deposits in PHP are available via bank transfers, e-wallets, online channels, and OTC partners; minimums and fees vary by channel, and processing times range from near-instant to a few hours or up to a day depending on method.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

While there’s no detailed tiering publicly disclosed, NAGA enforces identity verification before enabling full fiat access, and certain deposit or withdrawal thresholds may require identity confirmation to proceed.

PDAX offers four account tiers—Basic, Verified, Premium, and Prime—with escalating daily, monthly, and annual transaction limits tied to each level.

Withdrawals

Withdrawals are allowed only from verified accounts and must go to previously verified payment methods. Limits and timing depend on the method—card withdrawals typically take 3–5 business days (up to 10), bank transfers vary by region (2–6 days), while e-wallet and crypto withdrawals are processed within roughly 24 hours.

Crypto withdrawals are subject to tiered daily limits based on your account level, typically processed within minutes but occasionally taking up to an hour; networks such as ERC-20, TRC-20, and others are supported with fees assigned per token.

Customer Support

NAGA offers a support center with email-based help and a knowledge base; priority is given to users through the Help Center, though 24/7 live chat availability and standardized response times aren’t explicitly noted.

Support is available by email and support tickets with variable response times; there is no live 24/7 chat, but users can access a knowledge base for self-help.

Languages & Localization

The platform includes Spanish language support within its Help Center, displays fees in multiple base currencies, and its European operations adhere to local regulatory frameworks under CySEC.

The platform is fully localized for the Philippines, with a native English/PHP interface, showing fees only in PHP and tailored to compliant local regulation.

App Quality & Stability

NAGA’s mobile app is actively maintained (including features like NAGA Pay), generally stable with regular updates, though detailed metrics like crash rates or performance benchmarks are not publicly provided.

The PDAX mobile app is generally stable and user-friendly, with regular updates visible in app stores and few reports of crashes among regular users.

Experience, Performance & Ecosystem

UX/UI

NAGA offers an intuitive, approachable interface with minimal learning curve, blending simplicity with depth via its unified super-app; while there’s no explicit Lite/Pro toggle, access to both streamlined and MetaTrader (pro-feature rich) platforms lets users choose their complexity level.

PDAX offers a gentle learning curve with its toggleable Lite (Convert) mode for beginners and Pro mode showcasing order books and depth charts, enabling users to seamlessly transition from simplified to more advanced tools

Performance

Execution is generally smooth via the web and mobile apps, with order latency kept low, and while high-volatility periods may strain support or slow KYC queues, there’s little evidence of platform outages or systemic crashes during market surges.

Users generally enjoy responsive order execution under normal market conditions, though occasional reports hint at brief downtime or slower processing during sharp volatility spikes—typical of regional exchanges with growing demand

Education

NAGA Academy offers free, self-paced courses from beginner to advanced levels, paired with a fully funded demo account; much of the educational material—including videos and guides—is available in Spanish and several major languages.

The platform includes a rich “PDAX Learn” section featuring crypto basics, market insights, and educational content; however, there’s no dedicated demo or simulated trading environment, and Spanish-language content is currently absent

Community

The platform hosts an active social trading feed and leaderboard, enabling interaction and copying traders; though there’s no public Discord or Telegram, it runs a formal referral program and rewards users who attract followers or copiers.

PDAX maintains official presence on Discord, Telegram, and Facebook, and runs engaging referral and reward programs—like PDAX Quests and influencer promos—to encourage peer participation and user-driven growth

Integrations

NAGA integrates native TradingView charts across devices, and supports third-party MetaTrader automation—but lacks direct integration with external bots, tax reporting services, or accounting software.

The platform comes equipped with TradingView-powered charts but currently lacks direct integrations for external trading bots, tax tools, or accounting services, limiting advanced automation and financial tracking options

Who Each One Is Best For

NAGA shines for traders seeking a socially-driven, multi-asset platform with smooth onboarding and educational support, ideal for beginners and intermediate users; advanced traders may prefer dedicated pro platforms if they need deeper tool integrations or professional-grade automation.

PDAX is ideal for everyday Filipino users and crypto newcomers seeking a familiar, regulated, PHP-based experience; seasoned traders seeking derivative trading or deep automation may find its ecosystem less aligned with their advanced strategies.