If you’re shopping around for the best cryptocurrency exchange, consider VirgoCX, a Canadian platform. VirgoCX Canada allows low fee trades of over 90 cryptocurrencies. The fees are built into the spread, but you won’t be charged fees for deposits, withdrawals, or trades.
If VirgoCX sounds like something you’re interested in, be aware that it recently became a non-custodial exchange, which means the platform may be better suited for those with more experience at managing their own currencies and wallets.
VirgoCX features
This is what VirgoCX offers.
VirgoCX product rating: 4.5 stars
VirgoCX is one of our top-rated cryptocurrency exchange platforms, known for its zero-fee structure and extensive selection of currencies, including all the major ones. However, it’s important to note that they’re a non-custodial account and they don’t offer staking, and other platforms may provide a broader range of currencies.
Rating methodology
To evaluate crypto exchanges, we analyze over 20 data points to generate a trustworthy Genius Rating. We consider all aspects of a crypto exchange, including supported cryptocurrencies, fees, platform availability, customer satisfaction, and extra perks, to assess its overall value. Then, the exchange’s features are rated based on how they stack up against other available options.
Learn more about our rating methodology.
The pros of VirgoCX
Here's what we like about VirgoCX.
No trading fees
Cryptocurrency exchanges often charge small maker and taker fees for buying and selling cryptocurrencies – but VirgoCX doesn’t charge any such fees. Instead, the fees for buying and selling crypto are built into the spread, which is the difference between the price of the cryptocurrency when you buy it and when you sell it. This makes it much easier to see exactly much you’ll pay when trading.
No deposit or withdrawal fees
You don't have to pay to deposit or withdraw money from your VirgoCX if you use Interac e-Transfer or wire transfers, whereas most exchanges have small fees for both depositing and withdrawing from your account. However, there are deposit and withdrawal requirements and limitations depending on the currency and transfer service you use.
Supports over 90 cryptocurrencies
VirgoCX supports the most popular cryptocurrencies, like Ethereum and Bitcoin, along with 90+ lesser-known cryptocurrencies. For instance, you can trade memecoin like cat in a dogs world (MEW) and Popcat (POPCAT) or altcoin, such as Cardano (ADA) and Ripple (XRP).
The cons of VirgoCX
There are a few things to keep in mind with VirgoCX.
Does not offer staking
With select cryptocurrencies (Ethereum is an example), staking is a passive way to earn money on your cryptocurrency. VirgoCX does not support staking at this time. If this is a deal breaker for you, consider other crypto exchanges that offer staking. These include Wealthsimple and Coinbase.
Not as easy to use as a custodial exchange
In April, 2025, VirgoCX announced it was becoming a non-custodial platform. While confident cryptocurrency traders will appreciate the freedom and flexibility that come from managing their own funds, people who are new to crypto might find VirgoCX harder and more difficult to manage.
VirgoCX alternatives
Here are a few other cryptocurrency exchanges and how they compare to VirgoCX.
| Account | VirgoCX | Coinbase | Wealthsimple Crypto | Coinsquare |
|---|---|---|---|---|
| Genius Rating | ||||
| Why You Want It | Invest in cryptocurrencies with no trader or maker fees. | Get $50 when you fund your account with $500 + Commission-free trades. | As low as 0.50% maker and taker fees + Easily deposit Canadian funds. | |
| Estimated # Of Supported Cryptocurrencies | 90 | 200 | 100+ | 50 |
| Supports Bitcoin? | ||||
| Supports Ethereum? | ||||
| Supports Litecoin? | ||||
| Supports XRP? | ||||
Show More | ||||
| Open an account See more VirgoCX products Compare | I Want This Deal See more Coinbase products Compare | Open an account See more Wealthsimple products Compare | Learn More See more Coinsquare products Compare |
FAQ
Is VirgoCX legal in Canada?
Yes, trading, buying, and selling cryptocurrency on VirgoCX is legal. VirgoCX has operated throughout Canada since 2018. Just remember that crypto isn’t insured like some other deposits at Canadian institutions, so you're assuming all the risk of the crypto market when you buy and sell.
Is VirgoCX safe?
VirgoCX is registered with FINTRAC as a money services business. Although VirgoCX doesn’t elaborate on its multi-layered security system, it does partner with third parties to conduct regular security audits.
What are the VirgoCX’s fees?
VirgoCX is a low-fee platform. There are no fees for depositing or withdrawing money via Interac e-Transfers or wire transfers, nor are there maker or trader fees. Instead, fees are built into the crypto spread.
What does it mean that VirgoCX is a non-custodial service?
With a non-custodial service, you are in complete control of your crypto wallet and funds. While this can make your account more secure, you do run the risk of losing your crypto entirely if you lose your crypto keys or seed phrase.
Who is the owner of VirgoCX?
VirgoCX was founded by Adam Cai, who is currently the CEO, and is owned by Virgo Global Holdings Inc. (Virgo Group). Investors include Draper Dragon, Sora Ventures, Cobo Ventures, and Blockdream Ventures.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
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