QuadrigaCX Review

QuadrigaCX Review

QuadrigaCX is a huge Canadian cryptocurrency exchange and trading platform. Offering high quality services and allowing to exchange Bitcoin, Litecoin and Ethereum. More details in this QuadrigaCX review below.

Supported Cryptocurrencies
  • Bitcoin (BTC or XBT)
  • Ethereum (ETH)
  • Litecoin (LTC)
Offered Services
  • Buy Bitcoin, Litecoin or Ethereum
  • Sell Bitcoin, Litecoin or Ethereum
  • Trade cryptocurrencies
Payment Methods Accepted
  • Electronic funds transfer
  • INTERAC online
  • Bank Wire
  • Crypto Capital
  • Voucher
  • Bitcoin, Ethereum or Litecoin
Fees
  • No additional fees for deposit or withdrawal
  • 0.2-0.5% Trading Fee
Verification Process
  • Verification is mandatory for fiat transactions (deposits)
  • Personal details, ID or Passport, utility bill and selfie with document are required
Supported Countries

All the countries, except USA (regarding to MSB law and regulation)

QuadrigaCX review
Speed
  • Deposit speed depends on the method, and it can take from few minutes to 5 business days
  • Withdrawal speed depends on the chosen method also, it can take from few minutes (cryptos) to 10 business days
Limits
  • Deposit limits varies from $50 to $500,000 or unlimited for cryptocurrencies
  • Withdrawal limits may vary from $10 to $500,000 and 0.001 for digital coins
Privacy
  • Privacy is okay if only cryptocurrencies are used
  • When fiat currencies are involved, verification is mandatory
Security
  • Encrypted Cold Storage
  • Two-Factor Authentication
  • Cloudflare
  • Collective Intelligent Threat Detection
  • Global Load Balanced Network
  • Transaction PIN
Pros
  • Good security
  • Very low trading and fiat transactions fees
  • Good support
  • Great trading platform
Cons
  • Low number of cryptos supported
  • Low privacy when fiat is involved
Conclusion

Quadriga is a great place for purchasing Bitcoin, Litecoin or Ethereum. It works fast, support is good and it has a trading platform available as well. However, privacy is poor when fiat currencies are involved, but it is anonymous when only cryptos are used.

Furthermore, we miss more cryptocurrencies available for trading. Despite everything, we admire a very high level of security.

 

Rating
8/10