QuadrigaCX bitcoin and altcoin exchange review

QuadrigaCX Bitcoin Trading Platform
QuadrigaCX Bitcoin Trading Platform

Canada’s largest volume cryptocurrency exchange.

Based in Canada, QuadrigaCX aims to be an accessible and easy way for beginners and experts alike to get involved in bitcoin and altcoin trading.

Product Name QuadrigaCX Bitcoin Trading Platform
Fiat Currencies USD, CAD
Cryptocurrencies BTC, BCH, BTG, ETH, LTC
Deposit Methods Bank transfer
Cryptocurrency
Trading Fee 0.2-0.5%
Deposit Fees USD deposits: None
Cryptocurrency deposits: None
CAD -
Flexepin: 2.5%
Interac e-transfer: 1.5%
Bank wire: 1%
Other CAD deposits: None
Withdrawal Fees USD withdrawals: None
Cryptocurrency withdrawals: None
CAD -
Express Bank Transfer: 3%
Cash delivery: 2% + $20CAD
Gift card: $5.85CAD
Other CAD withdrawals: None

Pros

  • Support for Canadian traders
  • Wide range of transfer options
  • Multiple currency pairs offered
  • Deep liquidity
  • High security

Cons

  • Slow withdrawal times for some methods
  • Not as many advanced trading features as some other platforms
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

QuadrigaCX closure

QuadrigaCX has collapsed.

  • QuadrigaCX founder Gerald Cotten allegedly passed away in late 2018
  • The exchange is widely believed to be insolvent

QuadrigaCX said it was left unable to access fund following Cotten’s passing, as he was the sole holder of the private keys. However, funds have kept moving from the wallets anyway. This has led to unconfirmed speculation that Cotten faked his death to escape with user funds.

What is QuadrigaCX and how does it work?

QuadrigaCX is a cryptocurrency exchange based in Vancouver. You can use it to trade with:

QuadrigaCX is a cryptocurrency exchange based in Vancouver. You can use it to trade with:

You can trade USD/ETH, BTC/ETH, and CAD against any of the above cryptocurrencies.


  1. Create an account.
  2. Verify your identity if needed by providing additional information.
  3. Fund your account with any one or more of the above currencies to start trading.

Verification is required to fund your account with USD or CAD, but no verification is needed for withdrawals or cryptocurrency funding.

Where is QuadrigaCX available?

QuadrigaCX can be used from most countries around the world, although you have more transfer options in Canada, and the only supported fiat currencies are CAD and USD.

Fees and transfers

Trading fees vary from 0.2% to 0.5%, and funding or withdrawing may carry additional fees.

Funding your account

Transfer optionFeesTransaction limit24 hour limitTransaction time (up to)

Bank wire (USD or CAD) Free $500 – $500,000 $500,000 5 business days
Crypto Capital (USD or CAD) Free $500 – $250,000 (USD) or $500,000 (CAD) $250,000 (USD) or $500,000 (CAD) Next business day
Bank transfer (CAD only) 2.5% $250 – $10,000 $10,000 5 business days
Interac e-Transfer (CAD only) 2% + $5 $500 – $ 2,000 $10,000 Next business day
Interac Online (CAD only) Greater of 1.5% or $5 $50 – $2,000 $4,000 Instant

Making a withdrawal

Transfer optionFeesTransaction limit24 hour limitTransaction time (up to)

Bank wire (USD or CAD) Free $100 – $500,000 $500,000 10 business days
Crypto Capital (USD or CAD) Free $500 – $250,000 (USD) or $500,000 (CAD) $250,000 (USD) or $500,000 (CAD) Next business day
Bank transfer (CAD only) Free $50 – $20,000 $100,000 7 business days
Interac e-Transfer (CAD only) 2% + $5 $100 – $5,000 $10,000 2 business days
Cash delivery (CAD only) 2% + $20 $500 – $5,000 $10,000 3 business days
Rapid bank transfer (CAD only) 5% $1,000 – $5,000 $5,000 Next business day
Express bank transfer (CAD only) 2% $500 – $100,000 $100,000 3 business days

Safety, security and privacy

QuadrigaCX partners with the Cloudflare network service that provides SSL encryption for security, DDoS mitigation to prevent cyber attacks, as well as spam protection.

In line with industry best practise it keeps the majority of user funds in offline cold storage at any given time, while its servers use custom operating systems and software for extra security.

In addition, Quadriga offers deep liquidity, and all funds in the marketplace can be withdrawn in 24 hours.

Customer service and contact

You can reach QuadrigaCX via email for enquiries, or reach out on Twitter or Facebook.

Pros and cons of using QuadrigaCX

Pros

  • Offers a wide range of transfer options
  • Supports a range of currency pairs
  • One of Canada’s leading exchanges
  • Deep liquidity and support for high volume trades
  • Security that is above industry standard

Cons

  • Transfer options are limited outside of Canada
  • Withdrawal times can be slow for some transfer methods
  • Platform trading features may be limited compared to some alternatives

Next steps: How to sign up

Register an account, provide additional verification information if needed, and fund your account with fiat or cryptocurrencies to start trading.

QuadrigaCX exchange

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