3.8 out of 5 based on 5 reviews.Overall rating:
|Location||British Columbia, Canada|
|Features||QuardigaCX has a referral program that gives you 10% of all operations done by a trader you have invited to the service|
|Withdrawal Fees||2% + CAD $20.00|
|Tradeable Coins||Bitcoin (BTC) Ethereum (ETH) LiteCoin (LTC) Bitcoin Cash / BCC (BCH)|
- Quardiga CX accepts both fiat money and cryptocurrencies
- Registration is simple and fast
- High account security is guaranteed (2-factor authentication)
- There is no email, phone or live chat to contact customer support. You can only reach them via tickets
- The platform is unregulated
- Trading and withdrawal fees are high here
QuardigaCX is a Canadian resource where you can buy bitcoins and other digital currencies. This information is available on their website, however there is no exact physical address that proves it. The team behind QuardigaCX claims that their service is the biggest exchange at the Canadian market, however they do not have any regulation, which seems suspicious. Also, there is no information about the year of their launch, so we don’t know how many years they have provided services to their customers.
To start with, we think that a lack of information about the company is a bad sign, especially when it comes to a controversial business, like cryptocurrency exchange. We always feel suspicious about the companies that avoid transparency, however let’s move on and review other details about QuardigaCX.
How It Works?
How do we start trading? First, we have to create an account, of course. The first step of registration process is pretty fast – just mention your name, date of birth and country of residence. Then you will get to the second step, where you will have to include your password and a transaction PIN code for all your future deals. After that, you will get an email to confirm your account. No need to wait for verification – you may start trading after you log in.
People from Canada can register at Quardiga without providing too much information about themselves. You do not have to post the scan of your passport or a photo with your ID in hand. However, the website accepts international IDs for verification with the exception of USA. Since the company is not regulated, it is prohibited in America.
The platform is really easy to use since you need just to visit the trading page, mention the amount of coins you want to buy and the service will calculate the sum you need to pay. Most of the trading offers are against CAD, however there is an option for those who want to pair BTC and USD, too.
Once the automatic calculation is done, you will see the latest BTC exchange price on your screen. Once you place a buy/sell order, it will be transferred to the list of “Open Orders” at the bottom of the page. The information about the deals is available for all website users. This advantageous feature will give you an idea about the latest moves at the market and help you decide your own course of action.
- A 2-factor authentication allows you to add additional layer of security to your account. You can activate this feature on your personal page.
- QuardigaCX offers a referral program that gives you 10% discount for all trading fees. To enjoy this feature, you have to invite your friend to the service with the help of a referral link.
- This website offers relatively low fees. All deals for BTC/USD, BTC/CAD, ETH/CAD, BCH/CAD, LTC/CAD are charged 0.5% fee or the total amount of traded currency. The fee for ETH/BTC is 0.2%.
- Customers can do wire transfers and create crypto deposits. The fees for withdrawals and deposits vary from 1% to 2.5%.
- There is no live channels to contact customer support. There is no phone or chat for instant communication at all. Instead, they use a ticket system, which is an awful way to provide customer support, if you ask us.
- The company is unregulated and is not available in the USA.
- The service owners do not provide enough information about their location, years of activity, and personalities. This is a little bit weird for the cryptocurrency market, where users strive to cooperate with reliable companies.
To be honest, using QuardigaCX is a matter of dispute. On the one hand, they avoid mentioning their address and do not really care about communication with clients. On the other hand, they do provide secure service with double authentication and a range of profitable trading options. However, we do not recommend you to cooperate with this service straight ahead and encourage you to read more about it before investing.