Is VirgoCX a Good Crypto Exchange for Beginners?

Trading Conditions for VirgoCX Users

Before you start working with an exchange, it is important that you evaluate its trading conditions. VirgoCX offers traders the following conditions.

Investment programs of VirgoCX

It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. VirgoCX offers the following passive income options.

Investment Programs, Available Markets, and Products of the Crypto Exchange

The cryptocurrency exchange does not provide investment programs. The company’s clients receive their main income through the purchase and sale of cryptocurrencies, coins, and fiats. Of the passive earning options, only the referral program is available. The introduction of staking and other solutions for investors is not planned.

VirgoCX’s affiliate program

The crypto exchange offers a referral program of two types: one for socially active clients and another for clients trading on the OTC desk. A verified user who meets the following requirements can participate in the standard program:

• have an active profile on any social platform with at least 2,000 subscribers;

• the social account, page, own blog, or website must be relevant to crypto trading;

• community activity implies at least 500 users involved in the discussions and the community leader must have authority to control the exchanges.

These conditions are generally optional but highly recommended. Upon the failure to comply with certain points, the exchange may refuse to receive a referral link. The clients of the platform can always contact technical support and demand individual consideration of their application.

Upon approval of the application, the user gets access to the referral link and related reporting. He can post the link on any platforms. Each new exchange client who registers with the platform using his link will bring the following bonuses to its owner:

• 10 USD after passing the verification;

• 20 USD if the invitee makes a deposit of at least 100 USD.

The program is unlimited, that is, the exchange’s client can invite an unlimited number of referrals to the platform using his link. Detailed statistics on the effectiveness of links, referrals, and payments are available in the personal account.

The second referral program is designed for traders who trade more than $30,000 per trade. Such trades are automatically transferred from the main desk to the OTC desk to reduce volatility and price slippage to meet the interests of other clients.

In this case, the application is submitted personally through the call center. Based on the results of the interview, the exchange specialist provides the client with a referral link, which he is free to post on any social platform. Payments under the referral program are as follows:

• 200 USD for the first trade of each new client;

• 0.2% of the nominal value of each transaction of the referred client.

This program is also unlimited, and the exchange client can invite any number of referrals via his link and earn money on each of them indefinitely. The referral maintains his status all the while that he trades on the platform.