What is VirgoCX?

VirgoCX is a Canada-based crypto exchange, founded in 2018 and registered as a Money Services Business (MSB) with FINTRAC, and as a Restricted Dealer by the Canadian Securities Administrators (CSA) amp.coincodex.com+11virgocx.ca+11valuewalk.com+11.

As of April 4, 2025, it became a non‑custodial platform, meaning user-deposited crypto is sent directly to users' own wallets cointelegraph.com+2virgocx.ca+2virgocx.ca+2.

🔧 Key Features

• Broad Crypto Support

Offers over 60–90+ cryptocurrencies, including major and mid-cap tokens savvynewcanadians.com+2coingape.com+2amp.coincodex.com+2.

• No Commissions, Competitive Spreads

No explicit trading fees — revenue generated through safe spread margins:

• BTC/ETH spreads: ~0.4–0.95%
• Altcoins: ~1–1.6% cointelegraph.com+5coingape.com+5valuewalk.com+5koinly.io.

• Fiat On/Off Ramp

• CAD & USD deposits/withdrawals via Interac e‑Transfer, wires, credit/debit cards.
• Free fiat deposits and withdrawals; Interac deposits are typically instant coingape.com+6virgocx.ca+6amp.coincodex.com+6amp.coincodex.com+3koinly.io+3savvynewcanadians.com+3.

• Trading Interfaces

• Quick Trade: for beginners (market and limit orders).
• Advanced Trade: features charting (TradingView), order books cointelegraph.com+1cryptowinrate.com+1.

• Recurring Buys & Referral Program

Supports recurring DCA (auto monthly/weekly purchases). Referral incentives—for instance, both users earn CAD $5 + $15 after CAD 100 funded coinledger.io+9savvynewcanadians.com+9coingape.com+9.

• OTC Desk & NFT Brokerage

• VirgoCX Wealth: OTC services for transactions over $30K CAD cryptowinrate.com+11cointelegraph.com+11koinly.io+11.
• NFT brokerage service launched in 2021 to support institutional collecting globenewswire.com+1valuewalk.com+1.

🔐 Security & Regulation

• Non-custodial as of April 2025 virgocx.ca+1virgocx.ca+1.
• Custody: Crypto reserves secured in cold storage with Coinbase Custody and Ledger Vault; insured up to CAD 1 million coingape.com+3cointelegraph.com+3savvynewcanadians.com+3.
• 2FA, SSL encryption, PIPEDA-compliant virgocx.ca+1savvynewcanadians.com+1.
• Regularly audited and transparent—no major hacks reported globenewswire.com+7koinly.io+7coinledger.io+7.

👥 User Feedback

👍 What Users Like

• Smooth fiat integration, low spreads on large-cap assets cointelegraph.com+9coingape.com+9valuewalk.com+9.
• Recurring buys and app friendliness coingape.com+1amp.coincodex.com+1.
• Fast Interac deposits with no fees valuewalk.com+6amp.coincodex.com+6virgocx.ca+6.

⚠️ Criticisms

• Spreads for some assets can be high, up to ~1.6% valuewalk.com.
• Some users mention slow support and occasional glitches coingape.com.

✅ Pros & Cons

ProsConsRegulated & secure (FINTRAC, CSA)Trading spreads can be high0% commission, transparent pricingNo margin/futures/stakingFree CAD/ USD deposits & interacCentral limit order features limitedNon-custodial since April 2025May not suit active tradersOTC desk + NFT brokerage availableCustomer support varies

🎯 Who is it best for?

• Canadian (and US) investors seeking a regulated, non‑custodial platform with tight fiat integration.
• Beginners who prefer Quick Trade and recurring DCA.
• High-volume or institutional users looking for OTC services.
• Users wanting to receive crypto directly or explore NFTs.

🔜 What’s Next?

Let me know if you’d like help with:

• Setting up recurring buys, Quick vs Advanced Trade walkthrough
• Comparisons with other Canadian platforms (Coinbase, NDAX, Newton)
• OTC desk details, NFT brokerage, or platform support insights

Just say the word!