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VirgoCX Review 2024: Buy Crypto Fast in Canada


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This VirgoCX review covers how it works, the coins offered, trading fees, whether it is legit, and alternatives.

Finding a cryptocurrency exchange to buy your crypto coins in Canada has never been easier. That said, finding a platform with all your crypto trading needs in one place can be challenging.

Think low trading costs, price charts and technical analysis tools, OTC trading, NFTs, foreign exchange, and a variety of coins and tokens to choose from.

These are all areas where the VirgoCX crypto exchange shines.

Let’s dig in.

What is VirgoCX?

VirgoCX is a cryptocurrency exchange in Canada that offers 30+ popular coins and various other crypto-related services.

It was founded in 2018 and is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Service Business (MSB).

VirgoCX users can use its streamlined web interface to conduct transactions or download the VirgoCX mobile app, which is available on the App Store and Google Play.

In 2021, VirgoCX added Non-Fungible Tokens (NFTs) brokerage services to its growing list of offerings.

Visit VirgoCX.

How VirgoCX Works

The onboarding process for VirgoCX is pretty straightforward. To get started, sign up here.

Fill out your basic information and verify your email. To get the most out of the platform, you should also verify your identity.

Newbie traders can use “Quick Trade” to place one-click crypto buy and sell orders.

For experienced traders, the “Advanced Trade” platform offers price charts, and market and limit orders.

Funding your new account can be done using Interac e-Transfer instant deposits, wire transfers, and cryptocurrency deposits.

Interestingly, the platform supports both CAD and USD fiat, which adds a lot of flexibility when making deposits or withdrawals.

Coin Supported by VirgoCX

VirgoCX supports 35+ crypto coins and tokens and is constantly adding more:

Bitcoin (BTC)Ethereum (ETH)Tether (USDT)
Shiba Inu (SHIB)Solana (SOL)Polkadot (DOT)
Cardano (ADA)Avalanche (AVAX)Axie Infinity (AXS)
Polygon (MATIC)Compound (COMP)Chainlink (LINK)
Bitcoin Cash (BCH)Uniswap (UNI)DAI
Dogecoin (DOGE)Filecoin (FIL)Litecoin (LTC)
USD Coin (USDC)Stellar (XLM)Basic Attention Coin (BAT)
AAVECurve DAO (CRV)Kyber Network (KNC)
Synthetic (SNX)ATOMEOS
Decentraland (MANA)Enjin Coin (ENJ)Pax Gold (PAXG)
Ethereum Classic (ETC)SushiSwap (SUSHI)Chiliz (CHZ)
Kusama (KSM)The Graph (GRT)Loopring (LRC)
Amp (AMP)

Other VirgoCX Services

VirgoCX offers more than just buying Bitcoin and Ethereum. You can also use the platform for:

OTC Trading: Easily place large crypto orders instantaneously and avoid costly slippage. You get access to a broker and same-day settlement.

NFTs: VirgoCX has an NFT marketplace where you can buy and sell NFTs and have them delivered to your Web3-enabled wallet.

Foreign Exchange: Looking to convert foreign currencies at rates up to 5x cheaper than banks? VirgoCX offers FX services as well.

VirgoCX Fees

Looking for no-commission trading fees for crypto? VirgoCX has got you covered with competitive spreads up to 2.50%.

The platform has no extra commission fees, and fiat deposits/withdrawals are also free.

Funding MethodWithdrawalFeesProcessing Time
Interac e-Transfer$10 minimum; $10,000 maximumFreeInstantaneous
Wire Transfer (CAD)$3,000 minimum; No maximumFreeUp to 24 hours (typically within 24 hours)
Wire Transfer (USD)$500 minimum; No maximumFreeUp to 24 hours (typically within 24 hours)

Some fees apply when you make crypto withdrawals. A few examples include:

CryptoFeeMinimum Withdrawal
Bitcoin0 BTC0.001 BTC
Ethereum0.002394 ETH0.006 ETH
Litecoin0 LTC0.04 LTC
Bitcoin Cash0 BCH0.01 BCH
Stellar0 XLM0.02 XLM
Dogecoin0 DOGE40 DOGE
Uniswap1.126615 UNI1.2 UNI
Curve4.919524 CRV7.5 CRV
Polkadot0 DOT0.2 DOT

There is no withdrawal fee for several coins, including Bitcoin, Bitcoin Cash, Dogecoin, Cardano, EOS, Cosmos, Avalanche, Filecoin, Litecoin, Solana, and more.

For transactions involving ETH and ERC-20 coins, VirgoCX covers up to $6 CAD of the network fee for each transaction. 

Pros and Cons of VirgoCX


  • Offers a large selection of coins and tokens
  • Free fiat deposits and withdrawals
  • Supports Canadian and U.S. dollars
  • Giant for newbies and experienced crypto traders
  • Robust referral program
  • Versatile platform with support for OTC, NFT, and FX transactions
  • Registered with FINTRAC
  • Has a mobile app


  • Fiat funding only in CAD and USD
  • Operates only in Canada
  • Price spread can be high

Is VirgoCX Legit?

VirgoCX is a legitimate company in Canada.

As per its website, it is registered with FINTRAC as a Money Service Business with registration number: M19955733.

Also, it has 1 million CAD crime insurance coverage for crypto under its custody and is PIPEDA compliant.

VirgoCX uses encryption and 2FA to protect your account, and crypto assets are secured using Ledger Vault.

VirgoCX Referral Program

Users of the VirgoCX platform can earn $20 CAD cash rewards when they refer others.

VirgoCX’s referral program works as follows:

  1. Copy your VirgoCX referral link from your dashboard and share it with friends
  2. When they sign up for a new account, you both get $5 CAD
  3. If they go on to fund their account with $100 CAD or more, you both receive an extra $15 CAD
  4. You earn up to $20 CAD per referral

In addition, when you refer someone to the OTC platform, you earn a one-term $200 CAD bonus after their first trade.

Subsequent trades get you a reward equivalent to 0.20% of the trade value.

Visit VirgoCX

VirgoCX vs. Competitors

VirgoCX does very well compared to its competitors like Newton, Shakepay, and NDAX.

Crypto PlatformsVirgoCXShakepayNDAXNewton
Coins offered50+ coins2 coins30+ coins70+ coins
Funding optionsInterac e-Transfer, wire transfer, cryptoInterac e-Transfer, wire transfer, cryptoInterac e-Transfer, bank draft, wire transfer, cryptoInterac e-Transfer, bank wire, crypto CAD
Fiat supportedCAD and USDCADCADCAD
FeesSpread up to 2.50%; free fiat deposits and withdrawalsPrice spread up to 3%0.20% trading fee; free deposits; $4.99 flat fee for withdrawalsPrice spread up to 2.20%; free deposits and withdrawals
CIPF/CDIC insuranceNoNoNoNo
Security2FA; cold storage2FA; cold storage2FA and cold storage2FA and cold storage
Promotion$20 bonus after $100 deposit$10 bonus when you trade $100$25 bonus after trading $100

VirgoCX FAQs

Is VirgoCX safe and secure?

As per its website, VirgoCX protects accounts on its platform using SSL encryption and 2FA. It also keeps coins in cold storage using Ledger Vault.

What coins are on VirgoCX?

VirgoCX has one of the largest selections of coins in Canada, with 50+ coins listed as of February 2023.

What are VirgoCX trading fees?

VirgoCX applies a price spread of up to 0.50%. Fees may apply when you withdraw fiat or crypto.

How much does VirgoCX referral program pay?

You earn up to $20 for every referral that joins VirgoCX and funds their account.


Disclaimer: Cryptocurrency is a volatile and speculative investment. If you decide to invest, we recommend you do your own research and only commit funds you can afford to lose.

VirgoCX Review
  • Ease of use
  • Trading fees
  • Deposits and withdrawals
  • Customer support
  • Coin selection


VirgoCX is a top cryptocurrency exchange in Canada. This VirgoCX review covers how it works, trading fees, and whether it is legit.


  • Large selection of coins and tokens
  • Free fiat deposits and withdrawals
  • Supports Canadian and U.S. dollars
  • Good referral program
  • Supports NFTs


  • Price spread can be high

Best Crypto Offer This Month

Overall best crypto exchange in Canada + $50 bonus

Top registered and regulated crypto trading platform for Canadians.

$50 instant reward when your initial deposit is at least $250 or more.

Access over 40 popular coins and altcoins and staking to earn interest.

Competitive low trading fees for crypto and free deposits.

Get access to advanced trading tools.

Access nearly 70 crypto assets with one-click trading + $25 bonus

Instant deposit with e-Transfer and supports CAD and USD.

$25 bonus when you verify your account and deposit $150.

Offers almost 70 crypto assets.

0.50% to 2% trading fees; free fiat deposits and withdrawals.


Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

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2 thoughts on “VirgoCX Review 2024: Buy Crypto Fast in Canada”

  1. Gravatar for George 406 Sztricsko

    ontario securities commission says its not registered, have print of companys registered for crypto, can you explain this

  2. Gravatar for George 406 Sztricsko

    i have tried to register, its cumbersome, i sent in pdf of licence both sides, two utility bills , they say i have to send copies of the utility bills down loaded from computer, checked with securites commission and fintrac, and they said it was fine, they are making a bigger deal out of this than is necessary, monies would be also deposited from a bank , which has my info about me, have thousands invested in a brokerage account , there process is ridiculous, cant even coverse by phone, if there is anything you could do it would be helpful

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