- Good level of security
- Very low trading and fiat transactions fees
- Quick support
- Simple trading platform
- Low number of cryptocurrencies supported
- Gets overloaded easily
- Slow deposits and withdrawals
QuadrigaCX is a huge Canadian cryptocurrency exchange and trading platform. Offering high quality services and allowing to exchange Bitcoin, Litecoin and Ethereum. Besides operating as an exchange, Quadriga supports a trading platform as well. While being dedicated for Canadians mostly, customers from around the world are welcome. However, the US residents will not be able to use the exchange successfully.
Furthermore, QuadrigaCX took care of a high level of security. Probably one of the best in the exchanges market. In addition, website cleanliness and simplicity fit well for a newcomer. Optimisation for the fast exchanges and stress free trading make QuadrigaCX truly inviting place. Jokes about Canada’s welcoming are real!
A deposit speed depends on the selected payment method and takes from few minutes even to a week/5 business days. The same situation repeats with a withdrawal as well. Some methods let withdrawal to finish in few minutes, but some may take more than 10 working days.
QuadrigaCX gives a super high limits if account is fully verified. For a deposit the biggest amount can even reach $500,000. While the minimum of $50 is applied.
The minimum withdrawal is set to $10 and the max to $500,000. Furthermore, minimal withdrawal for cryptos – 0.001.
Verification process and privacy
When fiat currencies come to the QuadrigaCX, account must be verified. The exchange asks for one form of ID, proof of address and a selfie with an ID. Certainly, cryptocurrencies don’t have any limits. However, those who thinks about their privacy more, Quadriga shouldn’t be a first choice.
QuadrigaCX made an amazing job with the implemented security features. All the security starts from a standard option – Two-Factor Authentication. The transaction PIN functionality is available as well. And finally, funds of customers lay safely in an encrypted cold storage.
In addition, all the traffic go through Cloudflare, Global Load Balanced Network, etc.
Quadriga isn’t very demanding if we talk about the support team. There’s a huge knowledge base though. However, no other options for getting a help besides some social accounts at Google, Twitter or Facebook. Still, that should be enough to find an answer.
QuadrigaCX is an amazing place for Canadians to buy or trade three main cryptocurrencies. Platform is simple and very easy to use, website works flawlessly, no noticeable bugs or serious issues detected.
Unfortunately, deposits and withdrawals take a lot of time, and sometimes get delayed due to overload. Also the list of cryptocurrencies available, needs get longer of course.
Reviewed by Coinsmaniac