X
1985 Views

QuadrigaCX Review

Spread the love

About QuadrigaCX

QuadrigaCX is a trading platform based in Vancouver, Canada. It allows users buy and sell only Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Bitcoin Gold (BTG) cryptocurrencies. It’s a decentralized platform. We can’t compare this one with the most powerful countries’ exchanges like Binance (China) or Bithumb (South Korea). But, only on the Canadian territory, QuadrigaCX seems to be the largest one.

About regulation

Canada isn’t worried about the global crypto negative consequences – yet. They didn’t implement strict rules about cryptocurrency usage. The platform guarantees that they do not have regulation.

Is QuadrigaCX safe?

Yes, it is. The platform uses the encrypted technology to secure your data. It also works with two-factor authentication algorithm.

Why should you use QuadrigaCX?

The team behind the platform claims that an important base of their technology is liquidity. Users can withdraw their income anytime. Comparing to other exchanges, this one is faster. In just 24 hours, you have the money in your wallet.

They have invested in strong security. The platform works with CloudFlare enterprise to protect the trading activities.

How to start trading

The process isn’t too complicated. First, you need to click on “Register now” and introduce all the requested information: type of account (personal or business), e-mail, name, date of birth and country of residence.

After following these steps, you will be asked to create a strong password and a digit Transaction PIN. The second one is used when realizing withdrawals. Then just check your e-mail and confirm the information.

The platform doesn’t accept IDs from the United States of America. The law regarding this fact is strict and cannot be violated.

How can you buy cryptocurrencies using QuadrigaCX?

First, you need to correctly complete the steps mentioned above. After your verification is done, you can start trading.

To buy cryptocurrencies you will need to make a deposit in dollars. Use your Dashboard to create small orders and Trade section for bigger ones. Once you have fiat money on your account, you can start buying cryptocurrencies.

Fees

The fees for exchanges’ services are quite expensive if we compare them to other trading platforms like Poloniex or Bitstamp. You will be charged between 0,2%- 0,5% from the total amount of transaction. It varies because of the cryptocurrency’s flow on marketplace.

The Advantages of QuadrigaCX platform

  • It’s decentralized;
  • It’s highly secured due to the encrypted Cloud Storage and the partnership with CloudFlare enterprise;
  • The starting process is simple;
  • It has a friendly interface;
  • It allows you realize withdrawals anytime;
  • They focus on high level of liquidity;
  • The withdraw time lasts only 24 hours;
  • It’s one of the most appreciated platforms in Canada.

The Disadvantages of QuadrigaCX platform

  • The fees are quite high;
  • It accepts only five cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Bitcoin Gold;
  • It doesn’t accept IDs from United States of America.

Conclusion 

QuandrigaCX is a popular exchange platform based in Canada. It accepts Canadian and US Dollars, but doesn’t accept IDs from United States of America. It allows you to buy and sell five cryptocurrencies at a high level of security.

Have you tried this platform? What’s your opinion about it?


Spread the love
loading...

You may be interested

The Israeli Man Who Stole 1,000 Bitcoins Was Indicted
News
2941 views
News
2941 views

The Israeli Man Who Stole 1,000 Bitcoins Was Indicted

Adriana Midrigan - May 21, 2018

Hilmi Git, based in Hebron, Israel, is suspected of conducting a series of fraudulent transactions. He is accused of making…

This is the First UK-Based Mosque to Accept Cryptocurrencies
News
951 views
News
951 views

This is the First UK-Based Mosque to Accept Cryptocurrencies

Adriana Midrigan - May 21, 2018

The Shacklewell Lane Mosque based in Dalston, London, may become the first Britain-based Mosque to adopt cryptocurrencies. Also known as Masjid…

Parity to Terminate Its PICOPS ICO Passport Service Due to GDPR
News
869 views
News
869 views

Parity to Terminate Its PICOPS ICO Passport Service Due to GDPR

Lorena Boanda - May 21, 2018

PICOPS, a service created and hosted by Parity Technologies that allows individuals to associate a single Ethereum address to their…