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Author Topic: Virtex - Canadian Exchange  (Read 809 times)
DeAdrianF
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August 26, 2011, 09:36:09 PM
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Hello,
Anybody here traded on Virtex the Canadian Exchange ? any feedback would be apreciated.
Thank you
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enygma
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August 26, 2011, 10:26:43 PM
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I've traded on it a bit. It is a decent exchange, but lack of volume makes it an issue for moving large volumes. It doesn't take much on there to seriously affect the value of BTC. There is also generally a large spread as well. Overall it works great as depositing money for me was as easy as making an online bill payment through my bank.

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Colargol
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August 30, 2011, 04:08:55 PM
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It is the way to go for Canadians. It is usually easy to get in contact with the main dudes if one has questions or concerns, either through email, irc ( virtex and Grady2000 at http://webchat.freenode.net/?channels=#bitcoin-cad ) or even give them a phone call (contact information available on the cavirtex.com website).

The online bill payment option takes a couple days but is free. Once one deposits money there they can then move their bitcoins to other exchanges for some arbitrage opportunities... too bad there isn't an easy, cost effective way of moving money ( USD, CAD ) back and forth from MtGox or Tradehill etc.  It doesn't sound like they will be supporting paxxum, for instance, anytime soon. 

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enygma
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August 30, 2011, 07:40:20 PM
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I tried calling the number once but it appeared to not work. I did manage to get a hold of them through the IRC right away though.

The arbitrage opportunities at this point would be great if you can move the money between VirtEx and MtGox via cash like MtGox USD codes or something along those lines, but Virtex would need decent cash reserves to make it happen. However, I do envision given the way the markets have been this last week, there are a lot of fees to be had for VirtEx. I know I would have been super active arbitraging between MtGox and VirtEx, especially when VirtEx was over $9 and MtGox less than $8 on Friday. There has got to be an opportunity somewhere to create a seamless method of moving national currency between the exchanges. Even now, there is opportunity for arbitrage. A really good one at that.

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September 02, 2011, 07:31:27 PM
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Virtex is the first Canadian Exchange and it is good.

There are a couple of other exchanges that provide CAD trading like

Tradehill-Paxum
Ruxum-Paxum
Bitcoin-Central- Email Money transfer and Direct Cash deposit at Canadian Banks.

Has anyone used Paxum to transfer CAD in and out.
DeAdrianF
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September 02, 2011, 09:00:27 PM
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I have transferred canadian funds in to  Paxum but for a substantial fee ( like $5 for $45 -money order) and from there to MTgox.
Now all my funds are with Virtex since I am in Canada.
I have never withdrawn funds from Paxum or Virtex yet.
robojacques
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September 02, 2011, 11:43:35 PM
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I have used it to trade, withdraw CAD straight to my back account with no hassles.
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September 03, 2011, 12:47:17 AM
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i have successfully deposited, bought and sold coins and withdrew cash to my bank account . I withdrew via an email transfer but apparently that will not be available shortly . Fees for withdrawals are 6.50 so kinda high if you are just doing small amounts like me but i wanted to try it out
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September 03, 2011, 01:20:37 AM
 #9

Canadian Email money Transfers are available at Bitcoin-Central.net
Free Direct Cash deposits to CIBC Bank.

give it a try.

Free zero commission trading in EURO, USD, CAD, INR, LR.
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