Kraken vs VirgoCX: Which is Best? [2025]
Key differences
- Kraken supports over 200 cryptocurrencies globally, while VirgoCX supports 50+ cryptocurrencies in Canada only.
- Kraken has lower fees starting at 0.40%, while VirgoCX charges 0.95% spread for BTC & ETH.
- Kraken is available in 190+ countries, while VirgoCX is Canada-only.
- Kraken offers multiple payment methods including ACH, SEPA, wire transfers, while VirgoCX supports Interac e-Transfer, Wire Transfer, and Bill Payment.
Kraken vs VirgoCX Fees Calculator
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Kraken vs VirgoCX in Comparison
Description
Popular and well-known exchange based in the USA.
VirgoCX is a Canadian crypto exchange registered with FINTRAC as a money services business and CSA as a restricted dealer.
Supported Countries
Available in over 190 countries globally with some restrictions. Not available in New York, Washington state, Japan, Russia, Belarus, Cuba, Iran, Iraq, North Korea and a few other restricted regions. Some European countries have restrictions on specific services like futures trading.
Available to Canadian residents. USD funding, trading and withdrawal options are not available for Quebec residents.
Supported Cryptocurrencies
Over 200 cryptocurrencies supported including BTC, ETH, USDC, SOL, DOGE, SHIB, XRP, ADA, MATIC, DOT, AVAX, LINK, MANA, LUNA2, ATOM, ALGO, APT, ARB, FTM, NEAR, OP, PYUSD, STRK, SUI, TON, TRX, XLM, XMR, XTZ and many more across multiple networks including Ethereum, Solana, Bitcoin, Polygon, Arbitrum, and others.
50+ cryptocurrencies including BTC, ETH, USDC, LTC, BCH, EOS, XLM, DOGE, UNI, LINK, AAVE, DOT, ADA, FIL, ATOM, SOL, SHIB, AVAX, HBAR, OP, NEAR, RUNE, ICP, APT, Blur, ARB, PEPE, XRP, TIA, BONK, JUP, ONDO, WIF, WLD, TON, RENDER, POL, POPCAT, TAO, FLOKI, MOG, TRUMP, MELANIA, IOTX, FARTCOIN, S
Fees
- Withdrawal Fees:
- ACH: Free
- Wire Transfer: $25
- SEPA: Free
- SWIFT: $25
- BTC: Network fees vary
- Trading Spreads:
- BTC & ETH (Tier 1): 0.95%
- All Other Assets (Tier 2): 1.6%
Tiered Rewards Discounts:- VIP 1 ($0-$3,000): 0% discount
- VIP 2 ($3,000-$10,000): 10% discount
- VIP 3 ($10,000-$50,000): 20% discount
- VIP 4 ($50,000-$100,000): 30% discount
- VIP 5 ($100,000-$500,000): 40% discount
- VIP 6 ($500,000-$1M): 50% discount
- Wolves ($1M-$3M): 65% discount
- Titans ($3M-$6M): 80% discount
- Whales (>$6M): 90% discount
Payment Methods
ACH, Bank Account, Apple Pay, Google Pay, SEPA, Interac e-Transfer, Debit Card, PayPal
Interac e-TransferWire TransferBill Payment
Do These Exchanges Allow you To Earn Interest on Crypto?
0.15% - 6.5%
Available for BTC (0.15% bonded/0.1% flexible), USDT/USD/USDC (6.5% bonded/4.5% flexible), and EUR (4.45% bonded/3.5% flexible).
0
No interest earning on crypto deposits. Offers Virgo Bits rewards program through daily activities and trading.
Mobile App Ratings
iOS Rating: 4.7 Official rating from the iOS App Store as of November 18, 2024.
Android Rating: 4.3 Official rating from the Android Play Store as of November 18, 2024.
iOS Rating: 4.5 Official rating from the iOS App Store as of November 18, 2024.
Android Rating: 0 Official rating from the Android Play Store as of November 18, 2024.
Storage
Industry-leading security with ISO/IEC 27001:2013 certification and SOC 2 Type 1 examination. Funds stored in secure cold storage with 24/7 armed guard surveillance. Features include advanced encryption, FIDO2 2FA, customizable API permissions, global settings time lock, and proof of reserves auditing. No phone/SMS recovery to prevent SIM swap attacks. Expert security team with constant monitoring and testing.
Crypto assets are held with Coinbase Custody as third-party custodian. VirgoCX implements comprehensive account security measures, is PIPEDA compliant for privacy protection, and conducts regular third-party audits. Features institutional-grade transaction controls, 24/7 monitoring, and self-custody options available.
Have These Exchanges Been Hacked Before?
Yes, Kraken was hacked in June 2024, but the crypto exchange was able to fix the breach within 47 minutes and no client funds were lost.
No reported security incidents.
Official Site
Exchange Review
No review available
"What a fantastic trading platform. Wonderful to have it as the mobile version, being able to work your trades on the go. Keeping up with the portfolio just became incredibly easy! Love you guys and thank you for the work. New trader here! The interface is easy to navigate and a pleasure on the eyes. The setup is notable, and perhaps there should be instructions provided in the app upon first launch. :)"
- Real user review from iOS App Store, Android Play Store or Trustpilot
"Best trading platform in Ontario as we cannot access to Binance."
- Real user review from iOS App Store, Android Play Store or Trustpilot
Kraken vs VirgoCX Comparison
Fee Structures
Kraken uses a tiered fee structure based on 30-day trading volume starting at 0.40% for amounts under $10,000, with fees decreasing to as low as 0.10% for high-volume traders. Kraken offers fee-free ACH and SEPA deposits, with ACH and SEPA withdrawals also being free.
VirgoCX uses a spread-based fee structure with tiered rewards discounts:
- Tier 1 (BTC & ETH): 0.95% base spread
- Tier 2 (All Other Assets): 1.6% base spread
- VIP 1 ($0-$3,000): 0% discount
- VIP 2 ($3,000-$10,000): 10% discount
- VIP 3 ($10,000-$50,000): 20% discount
- VIP 4 ($50,000-$100,000): 30% discount
- VIP 5 ($100,000-$500,000): 40% discount
- VIP 6 ($500,000-$1M): 50% discount
- Wolves ($1M-$3M): 65% discount
- Titans ($3M-$6M): 80% discount
- Whales (>$6M): 90% discount
Feature Set
Kraken offers over 200 cryptocurrencies, staking/interest earning options (0.15% - 6.5%), advanced trading features, auto-DCA, margin trading, and secure cold storage.
VirgoCX supports 50+ cryptocurrencies including BTC, ETH, USDC, LTC, BCH, EOS, XLM, DOGE, UNI, LINK, AAVE, DOT, ADA, FIL, ATOM, SOL, SHIB, AVAX, and many others. Features Virgo Bits rewards program and Virgo PLUS subscription plans.
Geographic Availability
Kraken is available in over 190 countries (except NY, WA, Japan, Russia, etc.). VirgoCX is available only to Canadian residents. USD funding, trading and withdrawal options are not available for Quebec residents.
Security Features
Kraken features ISO 27001, SOC 2, cold storage, FIDO2 2FA, and proof of reserves auditing with 24/7 armed guard surveillance.
VirgoCX uses Coinbase Custody as third-party custodian for crypto assets. Implements comprehensive account security measures, is PIPEDA compliant for privacy protection, and conducts regular third-party audits. Features institutional-grade transaction controls and 24/7 monitoring.
Payment Methods
Kraken supports ACH, Bank Account (including wire transfers, Fedwire/SWIFT, Etana Custody, FPS/CHAPS/BACS for UK, SIC for Switzerland, and PayID/Osko for Australia), SEPA, Interac e-Transfer, Debit Card, PayPal, Apple Pay, and Google Pay.
VirgoCX supports Interac e-Transfer, Wire Transfer, and Bill Payment.
Customer Support
Kraken provides 24/7 human support, while VirgoCX offers human support to their Canadian users.
Additional Features
Kraken offers interest-earning options, margin trading, and support for 200+ assets with advanced charts and trading tools.
VirgoCX focuses on Canadian regulatory compliance with FINTRAC and CSA registration. Features Virgo Bits rewards program through daily activities and trading, plus Virgo PLUS subscription plans with additional benefits.
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