How to file your QuadrigaCx Tax?
QuadrigaCX is a full-featured cryptocurrency exchange based out of Canada. It is interwoven with the Canadian banking system, which makes it remarkably fast and simple for Canadians to deposit or withdraw funds from their accounts. The liquidity level of this exchange is quite impressive, but it only supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, CAD, and USD.
QuadrigaCX crypto exchange’s professional development team has designed a platform suitable for all traders, including newbies. The website is easy to use and offers guides for all the operations. The QuadrigaCX exchange offers a wallet, but it is advised that users move their funds to a cold wallet for long-term storage. That’s not all because, in this guide, we will highlight more such features of this exchange. Let’s jump in.
Connecting your QuadrigaCX Address to ZenLedger For Your Crypto Tax Forms
Within ZenLedger, on the Import Transactions page and Exchanges tab, select the Exchange you want to import. Then you'll see a table that outlines the possible methods. We support a direct API code import for many centralized exchanges, while others may require a CSV import. Decentralized exchanges may require a wallet address.
To import your transactions from an exchange, simply navigate to the "Exchanges" tab of the "Imports" page. Select the exchange that you are looking to import, and instructions will be provided for that specific exchange!
Features of QuadrigaCX Crypto Exchange
This exchange is loaded with features, which a trader requires in daily trading. Let’s look at the first one:
Bitcoin trading is appealing due to the security it provides and blockchains are not easy to hack. However, QuadrigaCX exchange takes a step forward with secure SSL encryption and the best security for every transaction.
Solid Logistics and Business Intelligence
The exchange offers bite-sized but comprehensive business intelligence and analysis to help you make smart trade-related decisions. The insights are updated in real-time to keep you aware of the latest trends and liquidity.
Easy to Use
Cryptocurrency investment can be a confusing concept to some people and it becomes a huge barrier to entry. However, QuadrigaCX's understanding and navigating through the platform are easy. If you are familiar with standard trading software, QuadrigaCX will be even easier to use.
Small businesses can solve their funding issues with the help of analytics offered by the platform. With QuadrigaCX, small businesses can make informed decisions and reinvest a bit of revenue into their business and save them from debt as well.
The company offers an API that is integrated with other scripts or apps to curate data with your other financial planning apps. If you wish to create a custom or a native app, you can use QuadrigaCX as a base platform and with a bit of scripting, your app can be created.
This exchange like many others has a referral program. If people join through your referral link, you get more promising opportunities. The exchange not only provides better and quicker deals but also grows the community, adding more value to your presence in the system.
QuadrigaCX Trading fees
There are a plethora of exchanges that charge trading fees, which decrease as your trading values increase. This means if you trade in higher volumes, you are incentivized better.
When it comes to QuadrigaCX crypto exchange, we are happy to report that it doesn’t charge different maker and taker fees. The exchange follows a ‘flat fee model’ and charges a 0.50 percent fee.
QuadrigaCX Withdrawal fees
QuadrigaCX doesn’t charge any withdrawal fee while withdrawing BTC. This gives the exchange an extremely competitive edge in the market and makes the exchange unique from other crypto exchanges.
QuadrigaCX crypto exchange offers multiple ways to add funds to your account. Users can deposit funds via a wire transfer or fiat currency. It distinguishes the exchange from many other exchanges that do not accept fiat currency at all. However, QuadrigaCX doesn’t support deposits via credit cards. Many traders use credit cards to deposit funds on crypto exchanges and for this reason, it becomes a negative point for this exchange.
QuadrigaCX exchange offers top-notch security to keep the users safe from hackers and perpetrators. The following are the security measures taken by the exchange.
- Two-Factor Authentication
- Intelligent Threat Detection
- Collaborative Security with Cloudflare
- Encrypted Cold Storage
- Global Load Balanced Network
QuadrigaCX crypto exchange is one of the best, fully featured exchanges in the market today. The exchange offers enterprise-grade security and doesn’t charge different maker and taker fees. Moreover, its easy-to-use interface combined with business intelligence and analytics helps you make informed decisions.