Overview
VirgoCX is a Canadian exchange founded in 2018. It offers easy fiat access, zero trading fees, and a regulated setup in both Canada and Australia. In 2025, it shifted to a non-custodial model, giving users full control of their assets.
What is VirgoCX
VirgoCX started as a custody-based exchange and later evolved into a platform where trades go directly to user wallets. It supports over 40 coins, including Bitcoin, Ethereum, and Solana. The service is bilingual and focused on compliance, making it a safe pick for Canadian traders.
Trading Experience and Usability
The platform is designed for simplicity. CAD funding is instant via Interac or wire transfers, and deposits or withdrawals in fiat are free. Trades are spot only, with no derivatives or margin features. For beginners, the flow is easy and secure.
Fees and Spreads
VirgoCX charges no fixed trading fees. Instead, spreads vary from 0.5% to 2% depending on the coin. CAD transactions are free, while card payments add service charges of 3–6%. Crypto withdrawals only cost the network fee, making it affordable.
Security and Compliance
The exchange now operates fully non-custodial, meaning users hold their keys. It enforces two-factor authentication, SSL encryption, and follows strict Canadian and Australian regulations. Audits confirm compliance, and there are no hack records. Users must, however, secure their own wallets.
Available Crypto and Liquidity
VirgoCX offers around 45 assets. Major tokens trade with good liquidity, but the list is smaller than on global exchanges. Some coins, such as USDT, BNB, and TRON, are missing, and small pairs can have thinner markets.
Pros and Cons
- Pros: Zero trading fees; Free CAD deposits/withdrawals; OTC desk for large trades; Clean interface; Fully compliant and regulated.
- Cons: Trades use spreads, not fixed fees; Spot trading only; Limited asset list; Slower withdrawals in peak times; No public proof-of-reserves.
Who Will Like VirgoCX
The exchange is ideal for Canadian users who want easy crypto access with fiat funding. Beginners and holders benefit from its non-custodial approach and low costs. Institutions can take advantage of its OTC desk. Advanced traders may find it too limited.
What’s Next
The team plans to improve its interface and add loyalty rewards. The move to non-custodial trading means users need to manage their wallets carefully. Updates will likely focus on user control and convenience.
Final Thoughts
VirgoCX keeps trading simple and safe. While it lacks advanced tools and a huge asset range, it delivers what most Canadian users need: easy fiat on-ramps, regulation, and full control over funds.