{"id":51710,"date":"2021-11-17T15:58:49","date_gmt":"2021-11-17T20:58:49","guid":{"rendered":"https:\/\/env-hardbacon-dev.kinsta.cloud\/?p=51710"},"modified":"2022-03-18T16:41:16","modified_gmt":"2022-03-18T20:41:16","slug":"is-virgocx-the-best-cryptocurrency-exchange-in-canada","status":"publish","type":"post","link":"https:\/\/env-hardbacon-dev.kinsta.cloud\/en\/cryptocurrency\/is-virgocx-the-best-cryptocurrency-exchange-in-canada\/","title":{"rendered":"Is VirgoCX the Best Cryptocurrency Exchange in Canada?"},"content":{"rendered":"

People in Canada looking for a reliable crypto exchange<\/a> need to look no further than VirgoCX. VirgoCX is a crypto trading platform and NFT marketplace best for beginners and experienced users looking to invest in or trade crypto. This article discusses VirgoCX, its features, pros and cons, and what makes it one of the best cryptocurrency exchanges Canada has.<\/p>\r\n\r\n\r\n\r\n

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What is VirgoCX?<\/h2>\r\n\r\n\r\n\r\n
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VirgoCX<\/a> is a popular cryptocurrency exchange platform. Canadian users looking for a one-stop-shop for all their crypto trading needs can opt for this regulated crypto exchange which is on its way to becoming the best crypto exchange in Canada. VirgoCX<\/a> does not charge any fee on trading and deposits, offers low withdrawal fees, high liquidity, and all security protocols and features crypto enthusiasts look for, making it an excellent platform for the Canadian market. Founded in 2018, VirgoCX<\/a> is Canada's leading regulated cryptocurrency trading platform committed to providing Canadian traders with a safe, hassle-free experience. The Toronto-based cryptocurrency exchange offers high liquidity and has adopted multi-layered security measures to keep users' funds secure.\u00a0<\/p>\r\n\r\n\r\n\r\n

Furthermore, it offers competitive features such as advanced trading analytics and various payment solutions that set it apart from other cryptocurrency exchanges. The following sections take a detailed look at VirgoCX's features and aspects that make it one of the best crypto exchanges in Canada.<\/p>\r\n\r\n\r\n\r\n

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Crypto assets available on VirgoCX<\/strong><\/h2>\r\n\r\n\r\n\r\n
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VirgoCX<\/a> offers Canadian users a lot of versatility and supports a long list of cryptocurrency altcoins and stable coins<\/a>. The most popular ones of these include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Shiba Inu coin (SHIB), Solana (SOL), Polkadot (DOT)<\/a>, Cardano (ADA), Ethereum Classic (ETC), Axie Infinity (AXS), Polygon (MATIC), etc. The entire coin list<\/a> can be found by clicking on the dropdown menu in the top-left corner.<\/p>\r\n\r\n\r\n\r\n

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Payment methods offered by VirgoCX<\/strong><\/h2>\r\n\r\n\r\n\r\n
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How do you turn your Canadian dollars into crypto? Funding your VirgoCX <\/a>account is a breeze. There are two ways you can add funds to your account:<\/p>\r\n\r\n\r\n\r\n

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Bank transfers<\/strong><\/h3>\r\n\r\n\r\n\r\n
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VirgoCX<\/a> accepts payments in both Canadian & US dollars by wire transfer or Interac eTransfer. For Wire Transfers<\/a>, you may need to visit your closest bank branch and present the information so the bank can help you complete the wire transfer, and it may take up to 24 hours. On the other hand, for Interac eTransfer<\/a>, you may need to log in to your online bank account, start the eTransfer process, and enter the amount you wish to send. At this time, only Canadian dollars (CAD) can be funded via Interac eTransfer. The e-Transfer is usually processed immediately.<\/p>\r\n\r\n\r\n\r\n

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Crypto funding<\/strong><\/h3>\r\n\r\n\r\n\r\n
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You can also fund your account from your crypto wallet. VirgoCX <\/a>accepts all crypto tokens that are available on the exchange as payments. Visit their website to find a quick guide on funding your VirgoCX account with cryptocurrency<\/a>.<\/p>\r\n\r\n\r\n\r\n

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How can you set up an account on VirgoCX?<\/strong><\/h2>\r\n\r\n\r\n\r\n

VirgoCX<\/a> offers a quick and easy way to set up an account on its platform. The steps involved are:<\/p>\r\n\r\n\r\n\r\n

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  1. Email Verification: All users need a working email to set up an account on VirgoCX. The email address is verified the first time you make an account. The exchange then prompts the user to complete the verification process.\u00a0<\/li>\r\n
  2. Basic Information: VirgoCX requires you to fill in your personal information to complete your “User Profile.” This information includes your legal name, employment details, residential address, and contact information.<\/li>\r\n
  3. Preferences: This step involves submitting more information about you and the nature of your account. These include details on the purpose of your account, nationality, sources of added funds, etc.<\/li>\r\n
  4. User Agreement: After submitting all personal information and preferences, you have to agree to the Terms of Service<\/a> and the Privacy Policy<\/a> of VirgoCX.<\/li>\r\n
  5. ID & Photo Verification: VirgoCX also requires verification of accounts with a government-issued ID such as a driver\u2019s license, passport, etc. You have to upload your ID along with a recent photo to complete the verification process.<\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n

    Once you have submitted the ID and photo, it takes 1-2 days to complete the verification process and authenticate your account.<\/p>\r\n\r\n\r\n\r\n

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    Fees charged by VirgoCX\u00a0<\/strong><\/h2>\r\n\r\n\r\n\r\n
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    VirgoCX <\/a>is also among the best crypto exchanges in Canada<\/a> when it comes to fees. Here are the details on the fees it charges:<\/p>\r\n\r\n\r\n\r\n