QuadrigaCX Bitcoin and altcoin exchange review

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QuadrigaCX shut down as of 28 January 2019.

QuadrigaCX is currently undergoing court proceedings in what is Canada’s first insolvency proceeding involving cryptocurrency.

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Fiat currencies

5

Cryptocurrencies

Details

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 shut down as of 28 January 2019.

QuadrigaCX said it was left unable to access funds following Cotten’s death in late 2018, as he was the sole holder of the private keys. However, funds have kept moving from the wallets anyway. In addition, at least 14 alias user accounts were created by Cotten to draw on funds that were artificially created.

QuadrigaCX is currently undergoing court proceedings in what is Canada’s first insolvency proceeding involving cryptocurrency.

What is QuadrigaCX and how does it work?

QuadrigaCX was a cryptocurrency exchange based in Vancouver. You could trade:

  • Canadian dollars (CAD)
  • US dollars (USD)
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Bitcoin Gold (BTG)
  • Ether (ETH)
  • Litecoin (LTC)

Where is QuadrigaCX available?

QuadrigaCX shut down as of 28 January 2019.

Customer service and contact

If you were affected by the QuadrigaCX insolvency, you will need to file a claim using the Affected User Proof of Claim Form. There is no guarantee that affected users will receive any of their money back.

Next steps: How to sign up

QuadrigaCX shut down as of 28 January 2019.

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