VirgoCX vs Kraken
Compare where to buy or sell Bitcoin & crypto.
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VirgoCX Fees
- Deposits and withdrawals: $0
- Spread: 0.5% to 2.5% (Depends on asset)
- Crypto withdrawal: Free
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfer
- Bill Payment
- Debit Card
Cryptocurrencies: 60+
VirgoCX Pros
- Market dashboard uses TradingVeiw charts
- Fund/withdraw US Dollars (USD) with a Canadian bank account
- OTC desk for large transactions over $50,000 CAD
VirgoCX Cons
- Verification process for new accounts is difficult
- Account password has a maximum of 15 characters
Kraken Fees
- Fiat Deposits: 1.5%
- Spread: 0 to 0.26% per trade
- Crypto withdrawal: 0.00001 BTC
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfer (Etana Custody)
- In-person at Canada Post
Cryptocurrencies: 65+
Kraken Pros
- One of the oldest exchanges in crypto
- Full trade platform
- Crypto to crypto trading pairs
- 24/7 live chat support
- Low spread fee
Kraken Cons
- Complicated fee structure
- Not as beginner-friendly
- 1.5% deposit fee on fiat
- High crypto withdrawal fee