People are used to thinking that the most authoritative portals are based somewhere in the USA or UK, and these are the exact places where all the traders of the planet should fix their watchful eyes. After all, as a rule, these sites are remarkably active, already built up, generous, honest in relation to their customers, and the critical issue is that they all have strict rules and regulations upon their activities. However, we would like to advise to study very calm, logical and quite steady exchange, which manner of doing business could be equated to art. To date, we draw your attention to the Canadian exchange Quadriga CX.
QuadrigaCX.com exchange officially leads its activities in Vancouver, BC, Canada, and it offers digital currency exchange services.
QuadrigaCX is one of most gigantic Canadian crypto exchanges. It operates under the name Quadriga Fintech Solutions and contains all the requested permits. The organization is claiming to grow into the globe’s leading aboveboard traded cryptocurrency exchange.
QuadrigaCX.com exchange began its practice with a public offering of shares, through which 850,000 CAD was collected. Meanwhile, their initial goal was of 380,000 CAD, we understand that it was doubled. It is also known that the top four brokerage firms in Vancouver – Haywood Securities, PI Financial, Capital Markets and Wolverton Securities – gave credence to this brand new organization. They supported the exchange at the earliest stage of its development.
The organization allows their customers both acquire and hawk any of offered digital currencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Bitcoin Gold.
To top it all up, we should mention that QuadrigaCX.com exchange supports the fiat currencies such as USD and CAD, and the forthcoming pairs are accessible on the portal BTC/CAD, BTC/ETH, ETH/CAD, LTC/CAD, BTC/USD, BCH/CAD, and BTG/CAD.
QuadrigaCX has a very good SimilarWeb ranking. According to SimilarWeb, it is really popular over the globe and also very popular portal in its native land. 87.06% of users come from Canada, 3.12% come from the United States, 2.57% from Germany, 1.42% from Thailand, and 0.51% from Brazil. And it has more than 240 countries which users are also interested in this service.
Deposit and Withdrawal
Deposit of funds is supported, in both afore-mentioned digital currencies and fiat currencies, but it is very important to note that fiat currencies are available for deposit. It is only possible to withdraw them in the case when as a result of the trade they were transferred from digital currencies to fiat, and it is allowed to do on electronic payment systems.
Cryptocurrencies are replenished normally with immediate virement to e-wallet generated by the site. Crypto assets fee promptly includes the cost of bank operation’s interest and is calculated being reliant on the amount for each specific case.
To buy Bitcoin QuadrigaCX.com exchange advises a zillion of benefits.
Regarding the fiat currencies, they comprise lot more options for transferring in.
CAD is able to be processed with the help of such systems: Bank Wire, Flexepin Voucher, INTERAC, QCX Voucher, or Crypto Capital. The bank operations must vary from $50,000 CAD with a superior limit of $500,000 CAD.
Concerning USD, it can be processed with the help of Bank Wire, QCX Voucher, or Crypto Capital as well. The bank operations must vary from $25,000 USD with a superior limit of $500,000 USD.
Registration and Verification
For the purpose of creating QuadrigaCX.com account to become a client, it won’t take much time. Registration always takes about 3-5 minutes. To start, click the Register button on the site. Next, choose the QuadrigaCX.com account (private or for business). And then the form for data typing is opened, where you need to specify: full name, date of birth, country of residence, and email. Then the newcomer should type a strong password (from 8 digits or more). It is important to note that PIN for transactions should be simple. The user has to indicate it during the withdrawal of funds.
When it comes to verification, the newcomers must undergo the authentification procedure. This helps to avoid fraud.
You can become verified in two ways:
Loading document scans. The process of documents uploading is absolutely secured.
With the help of Equifax plugin, which is, actually, an instant option. There would be necessary to complete a certain questionnaire concerning credit history.
Users who upload scans of documents receive the maximum range of services on the exchange (including even high limits).
If the newcomers going to trade tokens in small amounts, there is no need to pass verification. First of all the inexperienced users can explore all the functions of service before choosing something appropriate. After all the actions explored, you can make a decision whether it is worth sending your documents at all.
It is important to note that first method of verification can last for 72 hours, due to its execution in manual mode.
QuadrigaCX as a place to trade
When surfing QuadrigaCX.com exchange it would be clear enough even to an inexperienced trader who just began his acquainting with this exciting world of forex. Fundamentally simple it gives the possibility to succeed with extensive stomping grounds both for crypto investors and common people.
Each trading pair is divided in an independent market, being observed in the drop-down menu of the upper right corner. It is possible to trade directly consuming the “Dash Board” user panel or manage the “Trades” tab. The latter specifies prices demonstrating the forthcoming offers, as well as a short history of operations.
Market orders are usually indicated at the current price and being processed with counter offers. The second option depicts the orders calculated on the movement of prices in the future.
Except for trading, the QuadrigaCX platform does not offer anything special: no analytical presentations or at least basic tools to conduct price behavior analysis. Furthermore, the history of price behavior covers only the several days. Significantly, the commission fee is obligatory present per transaction and is fixed, it comprises up to 0.25%.
A piece of bad news for customers on the go: there is no QuadrigaCX.com application for everyone’s convenience.
If the customers are absolutely anxious about being constantly in the stream of the recent events, then QuadrigaCX.com login can be made through a web browser on the mobile phone, because the web version usually optimizes to mobile technical characteristics.
The Bottom Line
Quadriga CX.com exchange is now a leading player in the Canadian forex market.
The portal’s trading instrument quickly matches both buy and sell orders, and task accomplishment is operated without delays.
Some other yummy cherry on the delicious pie is a wide range of approaches to deposit and withdrawal of funds. There is no commission fee for most of them.
Among the imperfections, we should note that QuadrigaCX.com support is limited just by having the ticket system and the absence of live chat or any contacts back possible. But, it has quite an extensive FAQ section where most of the crucial issues can be found.
To top it all up, we observe positive tendency related to QuadrigaCX.com exchange. We recommend this service due to high reliability and stability of the system. This is clear because the activities are controlled by the Canadian financial regulation organization, which takes very seriously any financial projects and risks.