CCXCanada

CCXCanada Review

CCXCanada is a crypto exchange from Canada that launched on 18 May 2018.

On the date of first writing this review (9 November 2019), coinmarketcap.com reported that the 24 hour trading volume was USD 9.9 million. On the date of last updating this review (16 March 2020, right in the middle of the crisis with COVID-19), however, the trading volume was only USD 4,761,205. This trading volume is OK for an exchange that has only existed for 1.5 years. But it needs to improve vastly in order for this exchange to be a contender for an industry leading position among crypto exchanges.

CCXCanada markets a number of things as advantages with its platform. To start off with, the platform has a 100% capital reserve in compliance with industry standards. Moreover, security is a main focus of the platform. We applaud this and also view it as extremely important. We addressed liquidity above and are a bit unsure of whether this is really one of their main advantages or not, seeing as it is not that high. Low fees are always important, data exports might be useful and as for the custody service, we feel that it is very important that a large portion of the assets on the exchange are stored offline. All in all, the advantages listed on the website (see below) are indeed helpful for any prospective trader at the platform.

Restricted Investors

CCXCanada takes great strides to ensure legal compliance worldwide, in accordance with local laws. Therefore, they will not allow citizens of any of the following countries & regions to trade on their platform: USA, Japan, Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh, Bolivia, Ecuador, and Kyrgyzstan.

But if you are a US-investor, don’t despair! You can find the best exchange for you by using our Exchange Finder or using the filters in our Exchange List. Check it out.

CCXCanada Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book. Or, at least part of the order book. They also show a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. The below is a picture of the trading view at CCXCanada:

CCXCanada Fees

CCXCanada Trading fees

The one thing we can’t stress enough is that you must always ascertain the trading fees at any exchange you are interested in. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers make the liquidity in a market and takers remove this liquidity by matching makers’ orders with their own.

CCXCanada doesn’t divide between takers and makers. Rather, they divide between ask/bid. However, the division is irrelevant at the moment seeing as both investors giving ask prices and investors giving bid prices pay the same fee: 0.20%.

0.20% as the trading fee is in line with the current industry averages.

CCXCanada Withdrawal fees

As most other exchanges, this exchange only charges a fixed withdrawal fee when you do a withdrawal. This fee varies from crypto to crypto. If you want to withdraw BTC, the withdrawal fee here is 0.001 BTC. This is in line, or possibly slightly above, the global industry average (arguably being 0.000812 BTC).

Deposit Methods

At CCXCanada, you can deposit through wire transfer, but not via credit card. And for wire transfers, you can only deposit Canadian Dollars (CAD). If you for any reason need an exchange that also accepts deposits via credit cards, or accepts wire transfers with any other fiat currency than the CAD, you can find one by using the filters in our Exchange List our simply by completing the Exchange Finder test.