Bitbuy vs VirgoCX Fees

Let's compare the various fees that Bitbuy and VirgoCX charges.

Deposit Fees

Depositing CAD into Bitbuy is free of charge.

VirgoCX also does not charge any fees for deposits.

Trading Fees

On Bitbuy if you use Express Trade (the easiest way to buy and sell cryptocurrency), the fee is 1.5%.

If you use Pro Trade (trading on the market), the maker fee is 1.5% and the taker fee is also 1.5%.

VirgoCX does not charge any trading fees, and their spreads are competitive.

Withdrawal Fees

Withdrawing CAD from your Bitbuy account will incur a 1.50% fee with Interac e-Transfer or Wire transfer.

VirgoCX charges 0.5% to withdraw your CAD.

Bitbuy vs VirgoCX Deposit Methods

Bitbuy accepts deposits via Interac e-Transfer, Wire Transfer and Cryptocurrency.

VirgoCX accepts deposits via Interac e-Transfer, Wire Transfer and Cryptocurrency.

Bitbuy vs VirgoCX Features 

Bitbuy and VirgoCX are two of the most popular cryptocurrency exchanges for Canadians and offer many features that their users love. I'm not going to cover the entire range of features in this comparison article, but I will mention some key points that make them stand out. If you are interested in learning about the full range of features of either of these exchanges, check out my reviews: Bitbuy review and VirgoCX review.

Bitbuy is the perfect choice for beginners because they have an extremely simple Express Trade feature that anyone can figure out how to use. As you can see in the screenshot below, it is easy to buy or sell one of the 17 coins available on the exchange. The trade will be filled instantly, you don't need to wait for an order to be filled on the market.

For more experienced traders, Bitbuy has a more advanced method of trading called Pro Trade. This is a market where you can place market or limit orders and trade with other Canadian crypto investors. In Pro Trade, there are detailed charts from TradingView for traders to use.

Bitbuy is widely-known as the most trusted and secure Canadian exchange, and this is demonstrated with their partnership with BitGo Trust Company to store 99% of their cryptocurrency offline. BitGo Trust Company is the world’s first qualified custodian, purpose-built for storing digital assets. All cryptocurrency assets held in custody with BitGo are covered by a comprehensive insurance policy, meaning that all cryptocurrency held in your Bitbuy account would be covered under the same policy.

VirgoCX pays attention to their customers, with 24/7 Live Chat and email options if you are in need of assistance at any time. This is very valuable to new cryptocurrency users, who may find themselves with a lot of questions early on. 

VirgoCX has a Quick Trade feature that allows users to easily buy and sell Bitcoin, Ether and USDT. For the other 20 coins, you need to use the Advanced Trade feature where you can trade on the market by placing limit or market orders.

VirgoCX has an Over-The-Counter (OTC) trade desk available for trades over $30,000, catering to institutional investors. There are dedicated OTC account managers that provide personalized service, and users can access deep liquidity pools without price slippage.

Bitbuy vs VirgoCX Security

Bitbuy is proudly the most secure and trusted crypto exchange in Canada. They have servers secured across multiple world class cloud providers and disaster recovery locations. All their providers are ISO, SOC, and FIPS 140-2 compliant. Bitbuy’s privately maintained codebase keeps core components closed source, so your intellectual property is always secure. Bitbuy uses 2FA (two-factor authentication) and biometric login security features, and the majority of Bitbuy's digital assets are stored offline with crypto custodian BitGo Trust Company, with comprehensive insurance cover.  

You can trust that your cryptocurrency is safe with VirgoCX with 2FA and SSL protocols, as well as protection by Ledger Vault. VirgoCX's banking and payment partner is trusted and reliable, allowing secure transfer of your CAD to and from the platform. VirgoCX is registered with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) to ensure the safety of user accounts and secure financial transactions.

Verdict - VirgoCX

Bitbuy and VirgoCX are two very well-known crypto exchanges in Canada, and you can't go wrong with either of them. However, if you ask for my recommendation, I would suggest VirgoCX because it has free deposits and zero trading fees, and only 0.5% withdrawal fee. They offer 23 coins, and have Live Chat customer support to top it off.

Some crypto traders might want a wider range of coins than 23, so if you are serious about trading, you may want to check out Binance (see review here) which is an international crypto trading platform with over 600+ coins. If you want to compare some other options, you can read our article about the top crypto exchanges for Canadians here.

Still Researching?

If you are still undecided, you can read my Bitbuy review (here) or VirgoCX review (here). You can also take a look at my article about the best crypto exchanges for Canadians (here). I have also created a table comparing some key aspects of the top crypto exchanges which you can see below.