VirgoCX Review (May 2022): 6 Reasons I Love It

March 30, 2022
Reviews
VirgoCX Review

VirgoCX is a Canadian cryptocurrency trading platform that was created with the goal of making it easy for everyday people to invest in the cryptocurrency market. The platform is a great choice for those looking for a user-friendly and affordable crypto exchange.

VirgoCX offers a wide variety of cryptocurrencies to choose from, competitive pricing, commission free trading and has a robust mobile app. Get a $30 signup bonus with VirgoCX by using my referral link below.

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What Is VirgoCX?

VirgoCX is a Canadian crypto exchange that launched back in 2018. Known for its clean iPhone and Android apps and easy-to-use web interface, VirgoCX is a good way for Canadians to buy and sell crypto.

VirgoCX supports more than 50 crypto assets, follows all Canadian regulations, and is a registered Money Service Business by FINTRAC. It also recently began supporting NFTs and offering foreign exchange services, two items that set it apart from other Canadian crypto platforms. Let’s take a deeper look at some of VirgoCX’s top features.

VirgoCX Features

1. Intuitive Interface

The VirgoCX platform is very user-friendly, and its straightforward dashboard is ideal for people new to the world of crypto investing. You’ll have zero issues with the platform, even if you haven’t used a crypto exchange before.

If you were to encounter any problems as you use the platform, you’ll have access to customer support by way of live chat and email at all times.

2. No Deposit Fees & Low-Cost Trading

VirgoCX does not charge any deposit fees for fiat or cryptocurrencies, opting to make its money through the spread on the purchase and sale of crypto. The platform also aims to lower user costs by offering commission free trading and competitive spreads. Additionally, they have recently waived their fiat and non-ERC20 token withdrawal fees. VirgoCX charges a withdrawal fee on ERC20 cryptocurrencies, which varies depending on the coin being withdrawn. The firm, however, has gone above and beyond the industry standard by covering up to $6 for those ERC20 token withdrawals.

VirgoCX does not charge any trading or deposit fees for fiat or cryptocurrencies, opting to make its money through the spread on the purchase and sale of crypto. VirgoCX also charges a withdrawal fee on cryptocurrencies, which varies depending on the coin being withdrawn.

3. VirgoCX Mobile App

VirgoCX Mobile App

VirgoCX’s mobile app is as simple to use as its web platform, making trading on the go a breeze. Whether you’re on iPhone or Android, you can buy and sell any of the coins that VirgoCX offers with just a few taps.

Users can also deposit and withdraw funds from the VirgoCX app via Interac e-Transfers, wire transfers, and crypto.

4. 24/7 Customer Support

VirgoCX’s excellent customer support is available 24/7, reachable through live chat or email at any time. They also offer an extensive FAQ section on their website, which answers many of the questions you might have about your account, funding options, and a lot more.

If you prefer to reach VirgoCX through social media, they maintain active accounts on Twitter, Reddit, Facebook, LinkedIn, YouTube, and Instagram.

5. VirgoCX Referral Program

As a VirgoCX user, you can refer friends to the platform and get rewarded for it. For every friend that completes the registration process, you and your friend will both receive $10. Once they make their first fiat deposit of $100 or more, you’ll both get an extra $20 deposited directly into your account.

6. NFT Marketplace

VirgoCX is the only major Canadian crypto exchange to offer non-fungible tokens (NFTs) as well as cryptocurrency. This is a major plus if you’re looking to invest more deeply into crypto, and gives VirgoCX a unique leg up on other exchanges.

Here are the fees associated with buying and selling NFTs with VirgoCX:

  • Transactions Over 5 ETH: 2% + no gas fees
  • Transactions Over 1 ETH: 2% + gas fees
  • Transactions Under 1 ETH: 5% + gas fees

Cryptocurrencies On VirgoCX

VirgoCX currently supports more than 50 crypto tokens, and they’re regularly adding more:

Bitcoin (BTC)Aave (AAVE)Solana (SOL)OMG Network (OMG)
Ethereum (ETH)Maker (MKR)Shiba Inu (SHIB)TerraUSD (UST)
Litecoin (LTC)Synthetix (SNX)Axie Infinity (AXS)Terra (LUNA)
Bitcoin Cash (BCH)Kyber Network (KNC)Avalanche (AVAX)Fantom (FTM)
EOS (EOS)Basic Attention Token (BAT)Ethereum Classic (ETC)The Sandbox (SAND)
USD Coin (USDC)Compound (COMP)Kusama (KSM)Ocean Protocol (OCEAN)
PAX Gold (PAXG)Polkadot (DOT)The Graph (GRT)Ankr (ANKR)
Stellar (XLM)Cardano (ADA)Chiliz (CHZ)Livepeer (LPT)
Dogecoin (DOGE)Filecoin (FIL)SushiSwap (SUSHI)Audius (AUDIO)
Dai (DAI)Polygon (MATIC)Amp (AMP)Dogelon Mars (ELON)
Uniswap (UNI)Enjin Coin (ENJ) Loopring (LRC) 0x (ZRX)
Chainlink (LINK)Decentraland (MANA)Gala (GALA)dYdX (DYDX)
Curve (CRV)Cosmos (ATOM)Quant (QNT)Storj (STORJ)
Alchemy Pay (ACH)Algorand (ALGO)API3 (API3)Smooth Love Potion (SLP)
NuCypher (NU)Ethereum Name Service (ENS)

VirgoCX Fees

As mentioned previously, VirgoCX does not charge commission on trades or deposit fees, though it does charge withdrawal fees on some cryptocurrencies (fiat withdrawals are free). Withdrawal fees for ERC20 tokens are dependent on the network and can be monitored in real time on VirgoCX’s site.

For ETH and ERC20 transactions, VirgoCX covers up to $6 of the network fee for each transaction. To optimize ERC20 coin withdrawals, VirgoCX has enabled multichain support for select coins. Users are now able to manually select the option and enjoy free withdrawals!  

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In Summary

VirgoCX is a Canadian cryptocurrency trading platform that was created with the goal of making it easy for everyday people to invest in the cryptocurrency market. The platform is a great choice for those looking for a user-friendly and affordable crypto trading.

VirgoCX offers a wide variety of cryptocurrencies to choose from, commission free trading, no deposit fees, and has a robust mobile app. Claim your $30 signup bonus by using my referral link and funding your account with $100 or more.

CLAIM MY $30 BONUS
Free account, instant verification

VirgoCX Review FAQs

How To Withdraw From VirgoCX

In order to withdraw funds from your VirgoCX account, you’ll need to follow these steps:

1. Fiat Withdrawal

  1. Click “Fund” from the left of your dashboard account.
  2. Locate the Canadian Dollar Withdrawal option.
  3. Click “Wire Transfer” or “Interac e-Transfer.”
  4. Input the amount you wish to withdraw and confirm the withdrawal.

2. Crypto Withdrawal

  1. Choose the cryptocurrency you wish to withdraw.
  2. Click “Withdrawal” from the right.
  3. Paste the address you want to deposit your digital assets into.
  4. Enter the amount you wish to withdraw.
  5. A confirmation email will be sent to your registered email address.

Is VirgoCX Safe?

Yes, VirgoCX is a safe cryptocurrency exchange to use. The platform validates each account holder’s credentials whenever they make financial transactions, and follows Know Your Customer (KYC), Anti-Money Laundering, and anti-terrorist financing laws. Furthermore, two-factor authentication is mandatory for all account holders, making your account extremely secure.

Additionally, VirgoCX encrypts all sensitive information with a variety of security safeguards (SSL encryption, etc.), ensuring that no data leaks will not happen. VirgoCX maintains a 95% cold storage policy, keeping the vast majority of its users’ crypto in cold storage with Coinbase Custody.

Is VirgoCX Legal In Canada?

Yes, VirgoCX is a legal, regulated, and legitimate cryptocurrency exchange in Canada. It’s registered as a Money Service Business (MSB) in the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), making it completely legal to use in Canada. VirgoCX is proactively complying with legal and regulatory guidelines to ensure users can fund their account and buy crypto with confidence.

VirgoCX Referral Code

No referral code necessary! Get your $30 bonus when you verify and fund your VirgoCX account with over $100 through this link.

The Best Crypto Exchanges In Canada

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Supports: 16 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.2%

$50 bonus ends May 19.

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Supports: 17 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.1% - 0.2%

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Best For Altcoins

Trading fees: 0.4%
Security: 95% cold storage
Signup bonus: $10

Trade with 10x leverage.

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