VirgoCX Review

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Written by SnappyRates Team

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VirgoCX is a top crypto platform in Canada great for users looking to access and trade crypto and foreign exchange on the same platform. The platform supports CAD and USD as fiat, and offers free cash deposits and withdrawals, making crypto trading easy and affordable.

How VirgoCX Works

VirgoCX works following FINTRAC AML (Anti-Money Laundering) and ATF (Anti-Terrorist Financing) policies. To that end, the platform imposes mandatory KYC verification to ensure compliance and the security of its users.

Thus, every user on VirgoCX is required to complete an automatic or manual identity verification. Once you have created your account and completed KYC, you can then fund your VirgoCX wallet and start trading right away.

Crypto Assets On VirgoCX

VirgoCX offers a wide selection of 60+ cryptocurrencies that users can buy and trade using CAD or USD. It’s a great platform for trading a large variety of hot coins and popular Metaverse, NFT, and Web3 coins. 

Top cryptocurrencies on VirgoCX include BTC, ETH, DOGE, UNI, BCH, XRP, LINK, XLM, LTC, ADA, APE, SOL, and more. The platform also offers FX trading of 35+ global fiat currencies.

Supported Funding Methods

You can fund your VirgoCX wallet via several methods, including Interac e-Transfer, Bill Payment, wire transfer, debit/credit card, and crypto deposits.

VirgoCX Fees

VirgoCX fee comes in as follows:

Trading fees: Fees range from 0.5%-2.5% depending on the asset tier you trade. VirgoCX also offers tiered fee discounts, ranging from 10%-90% as trading volume increases from $10k-$6M+.

Deposit fees: Credit card deposits incur a fee of 3.99%, and 2.99% for debit cards. All other deposit methods are free.

Withdrawal fees: Users enjoy free withdrawals via Interact e-Transfer and wire transfer.

Trading Interfaces

VirgoCX offers four trading interfaces to cater to the different needs of its users. They include:

  • Web interface: Offers advanced charting and Tradingview tools to seasoned traders.
  • Mobile apps: Deposit via multiple funding options to trade on the go. Users can also buy crypto instantly using debit/credit cards.
  • VirgoCX Wealth and Chat Broker: An OTC desk to fill large trades of $50,000+ and access personalized services for large trades via Chat Broker.
  • VirgoCX API: A secure tool to enable advanced traders to automate their trading strategies

VirgoCX Promotion

VirgoCX offers an attractive signup bonus. You get a $20 cash bonus if you sign up, complete KYC verification and deposit $100 or more.

Is VirgoCX Safe?

VirgoCX is a secure crypto platform that does its best to ensure the security of assets and privacy of its users. It is approved as a restricted dealer by the CSA and registered as a money service business by FINTRAC that’s PIPEDA compliant.

The platform also employs institutional-grade security controls, including cold storage, $1M crime insurance coverage, regular audits of reserves, SSL protocol, 2FA, and more.

That said, no crypto platform is 100% safe and secure, so if possible, you should always withdraw large asset balances and lock them in a cold storage wallet where you have full control of your crypto keys.

Bonuses & Deals for June

Get a free chequing account with unlimited transactions & $400 bonus cash.

Earn up to 5% cashback with a free prepaid card, get 5% savings interest on your balance, plus a $20 bonus when you make your first purchase!

No current offers for this category.

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SnappyRates Team

The SnappyRates Team comprises personal finance writers who have reviewed and personally tested hundreds of financial products in the Canadian space. With over 20 years of combined experience to draw from and expertise in all things credit cards, banking, insurance, and mortgages, our goal is to provide you with the most comprehensive guides and resources to help you on your financial journey.

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