VirgoCX Exchange Review: Safe to Use Crypto Trading Platform?

VirgoCX Exchange Review: Safe to Use Crypto Trading Platform?

VirgoCX is a secure, reliable, and liquid cryptocurrency exchange platform that deals in buying, selling, and trading digital assets such as Bitcoin, Ethereum, stablecoins, and more.

The Toronto-based fiat-to-crypto exchange offers the best-in-class trading experience to a global network of both retail and institutional investors. The platform is currently open to Canadians who are 18 years and above. The global platform will be available to the public in the fourth quarter of 2019 to serve international clients.

The platform seeks to redefine crypto trading by offering the following benefits:

  • Cost-effective: competitive trading and transaction costs
  • Liquid: It offers high liquidity whenever you want it. Users get optimal execution prices
  • Secure: the platform employs time-tested strategy to protect users against internal and external threats.
  • Easy to use: the platform comes with an intuitive and user-friendly interface.
  • Reliable: Users enjoy 24/7 continuous trading with rapid fiat deposits and withdrawals.

VirgoCX Features

Stablecoin Trading Center

On VirgoCX, users can buy, sell, or trade all major stablecoins such as Tether (USDT), Gemini Dollar (GUSD), Paxos Standard (PAX), USD Coin (USDC), and more.

Fully Regulated Service

VirgoCX is fully compliant with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) rules and regulations. The platform provides users with full transparency.

Industry-Leading Technology

Powered by VirgoTrade, the platform’s proprietary trade engine ensures a highly efficient trading experience and allows for advanced API connectivity.

Impeccable Security

The platform leverages multi-signature cold wallet technology and 90% of the assets will be stored in the cold wallet. Besides, fiat funds are held in trusted financial institutions in the US and Canada.

Efficient Fiat Payment

VirgoCX’s stable and long-lasting relationships with reputable payment partners make domestic or international fiat deposits and withdrawals fast and errorless.

24/7 Multi-Language Support

The platform has a reliable customer support staff, available 24/7 across the globe.

Account Security

VirgoCX strives to ensure that each account is as safe as possible. Therefore, all users are advised to enable Google Authenticator.

Steps to Set Up Google Authenticator

Step 1: To set up 2FA, you have to download the “Google Authenticator app.” Users can download the app from the Apple store or Google Play Store.

Step 2: When you have the “Google Authenticator” ready, log in to your account, click “Account Settings” from the left dashboard, and then click “Security.” You will find the “Google Authenticator” at the bottom. Simply click on “Enable” and follow the instructions to set up the 2FA.

Step 3:  Open the Google Authenticator app, scan the QR code, and it will generate a 6-digit code or “token.” Enter the code to confirm. This code is updated every 30 seconds. The Google Authentication Key is used only when you are not able to scan the QR code.

Please note that it is a good practice to keep a copy of Google Authenticator key at a safe place in case the Google Authenticator is lost and you will be able to recover the Google Authenticator using the key.

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Author: Bitcoin Exchange Guide News Team

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