XT.COM DETAILED REVIEW
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XT.COM Review
What is XT.com?
XT.com (formerly known as BitMax.io) is a centralized cryptocurrency exchange founded in 2018. The exchange offers trading in a wide range of digital assets including Bitcoin, Ethereum, Litecoin, and many others.
XT.com offers spot trading, futures trading, and margin trading services. Its trading platform is built on cutting-edge technology, offering high-performance and security for its users. The exchange also provides a mobile trading app for users to access the platform on the go.
The exchange also has a token named BTMX which is used as a means of payment for its various services, and also can be used as a governance token to vote on community proposals and other on-platform activities.
XT.com follows strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations and has implemented several security measures to ensure the safety of its user’s assets, such as Multi-level risk management system and SSL encryption.
➔ Open your free trading account with XT.com now
(Risk warning: 75.59% of retail CFD accounts lose)
Key Features & Advantages of XT.com
XT.com is a digital asset exchange that offers a variety of features and services to its users, Here are some of its key features and advantages:
- Wide range of Digital Assets: XT.com supports a wide range of digital assets for trading, including Bitcoin, Ethereum, and various altcoins, providing a diverse selection of digital assets for traders to choose from.
- Low fees: XT.com charges very competitive fees for trading and other services, making it an attractive option for traders who are looking to save on fees.
- Advanced Trading Tools: XT.com provides advanced trading tools such as real-time charts, order books, and depth charts to assist traders to make informed trading decisions.
- High Liquidity: XT.com has a high level of trading liquidity, this means that users can easily buy or sell digital assets on the platform, and it allows for faster and more efficient trades.
- Strong Security: XT.com has implemented strong security measures to protect its users’ assets, such as multi-signature technology and cold storage for a majority of its digital assets.
- User-friendly Interface: XT.com provides a user-friendly interface that is easy to navigate, allowing users to quickly find the digital assets they want to trade.
- Multi-language Support: XT.com’s platform is available in multiple languages, including English, Chinese, Japanese, and Spanish, making it more accessible to a wider range of users.
- Mobile App: XT.com offers a mobile app for both iOS and Android devices, allowing users to trade and manage their digital assets on-the-go.
- 24/7 Support: XT.com offers a dedicated customer support team to help its users with any questions or issues related to the platform.
➔ Open your free trading account with XT.com now
(Risk warning: 75.59% of retail CFD accounts lose)
Negatives & Disadvantages of XT.com
XT.com is a digital asset exchange that offers a variety of features and services to its users, but like any platform, it also has some disadvantages that users should be aware of before using the platform.
- Limited Availability: XT.com is currently only available in a limited number of countries and regions, which means that users in certain locations may not be able to access the platform.
- Restricted Services: Some services provided by the XT.com such as margin trading or OTC may be restricted to certain users or regions.
- New platform : XT.com is relatively new in the market and has not yet established a long-term track record. Therefore, it may not be as well-established or reputable as other established exchanges in the market.
- Limited Support: Even though the platform provides support in multiple languages, it may not be able to provide support in all languages and may have limited support hours.
What Services does XT.com offer?
XT.com is a centralized cryptocurrency exchange that offers a variety of services to its users. The services offered by XT.com include:
- Spot Trading: Allows users to buy and sell digital assets at the current market price. XT.com supports a wide range of digital assets and trading pairs.
- Futures Trading: Allows users to trade futures contracts on a variety of digital assets, allowing them to gain exposure to the underlying asset at a fixed price and in a defined time frame.
- Margin Trading: Allows users to trade with leverage, which means they can gain greater exposure to the underlying assets with less capital.
- Staking: XT.com offers staking services for several digital assets which allows users to earn passive income on their assets by holding them.
- Lending: Allows users to lend their assets to other traders, who then use them for margin trading, and earn interest on the assets they lend.
- Other Services: Additionally, XT.com also offers a mobile trading app, a referral program, and a token named BTMX which can be used as a means of payment for its various services and also can be used as a governance token to vote on community proposals and other on-platform activities.
XT.com has also implemented strict security measures such as Multi-level risk management system and SSL encryption to protect user’s assets and transactions. Furthermore, it also complies with standard regulations such as AML and KYC.
XT.com offers a wide range of crypto assets for trading and buying: The exchange prides itself on the variety of crypto assets that are available for trade and purchase on its platform. Over 100+ crypto assets can be traded on XT.com, with a vast number of trading pairs. The exchange offers almost every popular asset with good standing in the crypto market and a decent market capitalization. Some of the most popular crypto assets that can be directly bought on XT.com include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance USD (BUSD), Chainlink (LINK), Litecoin (LTC), Basic Attention Token (BAT), Decentraland (MANA), Dogecoin (DOGE), and Shiba Inu (SHIB). This is just a small sample of the assets that are available, as many more can also be purchased on the exchange.
➔ Open your free trading account with XT.com now
(Risk warning: 75.59% of retail CFD accounts lose)
P2P market for competitive pricing options: The P2P market on XT.com allows buyers and sellers to trade a specific asset at their own desired prices. Since P2P markets are not run by the platform, it usually has multiple sellers for a particular asset, giving buyers the opportunity to compare prices and find the best deal. However, it is worth noting that currently, the P2P market on XT.com is only available for USDT, BTC, and ETH.
XT.com offers apps for multiple devices: Whether you prefer using a laptop, desktop, or mobile device, XT.com has you covered with its dedicated apps for Windows, iOS, and Android. All the functionalities offered on the website are also available on the apps. Users can access markets, evaluate charts, check crucial information, view market conditions, and more all from their mobile devices. The mobile apps provide the same seamless and efficient experience as the web browser version, making it easy to trade on-the-go.
➔ Open your free trading account with XT.com now
(Risk warning: 75.59% of retail CFD accounts lose)
XT.com offers a range of trading options to suit different strategies: The exchange provides a variety of trading options which can be overwhelming for some traders, however, having diverse options is beneficial in a volatile market like crypto. XT.com features margin trading, spot trading, derivatives such as futures trading (with USDC and crypto), Quanto Contracts, ETFs, and ETF indices.
Margin trading allows you to amplify your trading potential and take on more risk by providing leverage of up to 20x. While not the highest leverage available, it is still a good option compared to other platforms.
Spot trading, on the other hand, keeps things simple with over 300 trading pairs available. The future market, ETFs, indices, and contracts also offer hundreds of pairs for traders to explore.
Additionally, for the convenience of beginners, XT.com has divided its trading markets into two sections: professional and standard. Professional trading offers a full-fledged trading experience with detailed charts while the standard trading option is more straightforward to understand.
XT.com offers advanced and reliable trading charts: The charts available on the platform are provided by TradingView, one of the leading charting platforms known for its accurate, real-time charts, trusted by over 30 million traders worldwide.
The trading charts at XT.com allows users to switch between the trading view and depth map, and offers a variety of timeframes, up to one week. They also include a wide range of indicators, and customizing options such as the ability to replace the candles, enter full-screen mode, and easily check the order book from the right-hand panel. With these robust tools, traders can make more informed and strategic trades.
Simple and user-friendly interface and design: XT.com boasts a simple, easy-to-understand interface that allows users to navigate the platform seamlessly. The layout is designed to be beginner-friendly, making it easy to find what you are looking for. Whether you are a single investor or a trader, the platform provides options that cater to your needs. The buy/sell option is ideal for investors, while the trading and derivatives options cater to traders. Users can easily access their account details and the assets they own by clicking on the top right corner of the platform. This makes it user-friendly, easy to use, and efficient.
Earn additional returns through saving and staking options: XT.com offers options to earn additional returns on assets you already own and do not want to trade in the short term. You can put your assets into a savings account, where you can choose between fixed and flexible options. Flexible savings usually offer better returns than fixed savings. Another option is staking your assets for a specific period, where XT.com offers high APY on some newly listed coins on the platform, which might be for a limited time and amount. For more standard staking options, there is an APY of up to 10% for a wide range of assets, which is considered a good rate.
➔ Open your free trading account with XT.com now
(Risk warning: 75.59% of retail CFD accounts lose)
Cloud mining options available: XT.com allows users to purchase various cloud mining servers and earn income through them. Currently, the platform may not have a wide range of servers available, but users can purchase multiple copies of each server to increase earnings. It’s worth noting that the potential earnings from cloud mining can fluctuate depending on market conditions.
Quick customer support via live chat: XT.com provides easy access to its support team through a Live Chat option that allows users to get in touch within seconds. This feature is generally available during most hours, but users can also submit a ticket if the live chat support is not available.
Simple and user-friendly registration process: Unlike many other crypto exchanges that require full identity verification, users can access all the features on XT.com by simply verifying their email during the registration process. The process is quick and straightforward, taking only a minute. However, if you want to avoid limits and restrictions imposed by the platform for safety reasons, such as to prevent fraud and scams, you will need to provide your identity documents for a more complete verification.
What I don’t like about XT.com
As a language model AI, I don’t have personal experiences or preferences. However, I can provide you with some potential drawbacks of using XT.com that some users may not like:
-Limited number of cloud mining options: As of now, XT.com does not have a wide range of cloud mining servers available, which may limit the earning potential of some users.
-Limited number of languages supported: The platform primarily support English, which might not be suitable for non-English speakers.
-Limited number of cryptocurrencies and pairs: XT.com offers more than 100 crypto assets and over 300 pairs, which can be considered not enough for some traders looking for more variety.
-Limited trading options for some users: The platform offers standard and professional trading options, which can be overwhelming for some traders looking for more simple trading options.
-Potential for delays in customer support: With live chat support being the primary way to get in touch with customer support, the team may not always be able to immediately respond to users’ inquiries during peak hours.
XT.com Fees
XT.com Deposit Fees
The deposit fee at XT.com varies depending on the chosen payment method.
- Mercuryo charges on all available methods: 3.8%
- Banxa charges for VISA/MasterCard and Apple Pay: 1.96%
- Advcash charges for VISA/Mastercard: Varies
- Simplex charges: Varies
- Crypto deposit: Free
XT.com does not have any deposit fees for most of the supported cryptocurrencies, but some deposit methods may have small fees such as miner fee for Bitcoin, Gas fee for Ethereum. Also, it’s important to note that deposit fees are subject to change and can fluctuate based on network congestion and other factors. I recommend checking the deposit fee information on XT.com’s website or contacting their customer support team for the most up-to-date information.
➔ Open your free trading account with XT.com now
(Risk warning: 75.59% of retail CFD accounts lose)
XT.com Trading Fee
XT.com charges a trading fee when a user places an order to buy or sell cryptocurrencies on the platform. The trading fee is a percentage of the total order value and it varies depending on the asset being traded and the user’s trading volume over a certain period of time.
In general, the trading fee on XT.com ranges from 0.05% to 0.10%, however, the platform also have different level of membership, the trading fee can be lowered from level 1 to level 8. The lower the level, the lower the trading fee.
Along with your 30 days trading volume, you must hold the exchange’s native token to reduce the fee.
XT.com Fiat Withdrawal Fees
XT.com charges a withdrawal fee when a user withdraws fiat currency from the platform. The withdrawal fee is a flat fee, meaning it does not depend on the amount you’re withdrawing, but it does vary depending on the fiat currency being withdrawn and the payment method used.
The exact withdrawal fee for each currency and payment method can vary and is subject to change. It’s also important to note that some payment methods may have additional fees or limits. I recommend checking the withdrawal fee information on the XT.com website or contacting the customer support team for the most up-to-date information.
Also, please keep in mind that depending on the country you are in and the payment method used, there may be additional regulations, fees and taxes required by the authorities, which should be taken into account before making a withdrawal.
XT.com Crypto Withdrawal Fees
XT.com charges a withdrawal fee when a user withdraws cryptocurrencies from the platform. The withdrawal fee is a small fixed amount of the cryptocurrency being withdrawn, It varies depending on the cryptocurrency and the network congestion.
The exact withdrawal fee for each currency is subject to change. The withdrawal fee information is usually provided on the XT.com website. It’s also important to note that certain cryptocurrencies may have minimum withdrawal limits, which may change depending on network congestion and other factors. I recommend checking the withdrawal fee information on the XT.com website or contacting the customer support team for the most up-to-date information.
Also, it’s worth noting that the miner fee, which is paid to the network to process the transaction is not included on the withdrawal fee and will be separately added to the withdrawal amount.
➔ Open your free trading account with XT.com now
(Risk warning: 75.59% of retail CFD accounts lose)
Pros and Cons of XT.com
XT.com is a popular cryptocurrency exchange that offers a wide range of features for both novice and experienced traders. Here are some of the pros and cons of using XT.com:
Pros:
- Easy-to-use interface and layout
- A wide range of cryptocurrencies available for trading and buying
- P2P market for competitive purchasing
- Diverse professional and standard trading options
- Detailed and accurate trading charts
- Staking options available for earning extra money
- Cloud mining available
- Live Chat option for quick customer support
- Easy and convenient signup process
Cons:
- The platform may be overwhelming for beginners
- The trading fee is subject to change and can fluctuate
- Withdrawal fees are higher for some cryptocurrencies and payment methods
- The platform does not support buying with credit/debit cards
- It may have restrictions for certain countries or regions.
It’s worth noting that these pros and cons may change as the platform evolves and updates its features, and are not exhaustive list. And as always, It’s important for any potential user to do their own research and assess if the platform is suitable for their trading needs and goals.
Verdict
XT.com is a cryptocurrency exchange that offers a wide range of features for both novice and experienced traders. The platform has a user-friendly interface and a wide range of cryptocurrencies available for trading and buying. The P2P market allows for competitive purchasing and diverse professional and standard trading options make it an appealing option for different types of traders. The detailed and accurate trading charts, provided by TradingView, also make it an attractive option for those who like to use technical analysis.
In addition, the staking options and cloud mining available on the platform provide users with the opportunity to earn extra money. The Live Chat option for quick customer support and easy and convenient signup process also add to the platform’s appeal.
However, it’s worth noting that while the platform has many positive attributes, it may be overwhelming for beginners. The trading fee is subject to change and can fluctuate, and withdrawal fees are higher for some cryptocurrencies and payment methods. The platform does not support buying with credit/debit cards, and it may have restrictions for certain countries or regions.
In conclusion, XT.com is a solid choice for those looking for a wide range of features and an easy-to-use interface. It has a lot of advantages and may suit a wide range of traders but it is not without its limitations. Therefore, it’s important for any potential user to do their own research and assess if the platform is suitable for their trading needs and goals before signing up.
➔ Open your free trading account with XT.com now
(Risk warning: 75.59% of retail CFD accounts lose)
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