VirgoCX vs Weathsimple
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VirgoCX appeals to Canadian users with its no-fee structure for fiat deposits and withdrawals, offering a straightforward platform for trading a wide range of cryptocurrencies, emphasizing ease of use and regulatory compliance. It’s designed for those who want a dedicated crypto trading experience with the added benefits of competitive fees and a commitment to security.
Wealthsimple Crypto, on the other hand, integrates cryptocurrency trading into a larger investment platform that also includes stocks and ETFs, catering to users looking for a one-stop-shop for all their investment needs.
While VirgoCX is ideal for traders seeking a focused and cost-effective cryptocurrency exchange, Wealthsimple attracts those who appreciate the convenience of managing both crypto and traditional investments within the same ecosystem.
VirgoCX Fees
- Deposits and withdrawals: $0
- Spread: 0.5% to 2.5% (Depends on asset)
- Crypto withdrawal: Free
- Check fees and prices on VirgoCX
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfer
- Bill Payment
- Credit/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 $30,000 CAD
❌ VirgoCX Cons
- Verification process for new accounts is difficult
- Account password has a maximum of 15 characters
Wealthsimple Fees
- Spread: ~1.5 to 2%
Funding & Withdrawal Options
- Link bank account
Cryptocurrencies: 49+
✅ Wealthsimple Pros
- Super easy to use
- UI design
- Staking
❌ Wealthsimple Cons
- High fees
- No limit orders
- Takes 3-5 days to transfer and settle funds
Compare More Top Canadian Crypto Exchanges
Spread % | Withdraw Fee | Deposit Fee | # of Coins | ||
1 - 2% | $0 | $0 | 2 | ||
0.75-1.5% | Crypto: Free up to $5 | $0 | 60+ | ||
0.2% | Crypto:~$10 | $0 | 30+ | ||
0.5% | Fiat: $0 | $0 | 30+ | n/a | |
0 - 1.5% | Fiat: 1.5% | $0 | 25+ | ||
0.2 - 0.3% | Crypto: 0.00001 BTC | Fiat: 1.5% | 65+ | ||
VirgoCX | 0.5 - 2.5% | Fiat: $0 | $0 | 67+ | |
Coinbase | 0.5% | 1.49 - 3.99% | 1.49 - 3.99% | 100+ | |
Wealthsimple | ~1.5 - 2% | $0 | $0 | 49+ | |
Crypto.com | ~0.4% | Crypto:~$13 | $0 | 100+ | |
PayTrie | 0.6% | $0 | $0 | 7 stablecoins | n/a |
Bull Bitcoin | 0.5 - 1.25% | Crypto: you decide fee | $0 | 1 | n/a |
Coinsquare | 1.5% | Fiat: 0 - 1.5% Crypto: 0.0005 BTC | $0 | 39+ | n/a |
Bitcoin Well | 0.21% | Variable | $0 | 1 |
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- Newton vs Wealthsimple
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
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nooxli is basic how-to crypto guides, reviews, and information for beginners to get started with cryptocurrency in Canada. Personal investment disclosure: I am long BTC & ETH. I take profits when I feel like it. I trade altcoins in hot markets. NOT investment advice. Investing in cryptocurrency is risky. Do your own research.
Seen in: Finbold, CoinMarketCap, Times Tabloid, and TheBitTimes.com
