XT.com exchange is a centralized crypto exchange just like Coinbase, Kraken, or Gemini. The exchange is designed to be a platform for crypto enthusiasts, investors, and traders to easily buy and sell crypto holdings. It works 24/7 in the crypto exchange market space, meaning that traders can access all exchange services provided all day. It is equipped with varieties of customized virtual services for several fintech projects. The platform might be the world’s first socialized exchange and zero-leverage crypto trading platform with more than 3 million registered users worldwide and a threshold of over 13 million users in its ecosystem. This makes it rank high among popular coin platforms like CoinMarketCap, Coingecko, and Nomics.
This review explains everything there is to know about the exchange such as its services, tradings, features, and the number of supported cryptos on the exchange. If you are a crypto enthusiast or a novice, then you need to read this.
What it is
Invented in 2018 by Weber WOO, a blockchain enthusiast and mastermind creator in Singapore, the platform is legally registered in Seychelles. It also renders its on-chain services to various countries such as Singapore, Japan, South Korea, etc. The XT Group is responsible for governing everything relating to the XT Exchange, XT Capital, XT Labs, XT Academy, XT POOL, and other industries encompassed in its digital assets economy.
Exchange main features and functions
It offers various features and serves different functions to different kinds of users.
Spot trading
Provides a well-structured sports trading feature on the site for all users. This allows traders to trade lively in volatile markets with high chances. By entering sports trading, users acquire a wide range of experiences to fully explore other features of the XT.com exchange.
Margin trading
It offers a margin trading experience for crypto nerds, professional traders, and experts in online trading. The exchange’s margin trading synergy comes with lots of trading features such as contract trading and Over-The-Counter (OTC) trading.
Supported cryptocurrencies
It stores over 100 tradable cryptos and 300 trading pairs on its site and supports mainstream virtual currencies such as crypto Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Cardano (ADA), Chainlink (LINK), etc. It also supports altcoins like NEO (NEO), Solana (SOL), and its native token XT.
Accepted payment methods
The platform allows customers to easily purchase cryptos with their debit and credit cards. The payment option is simple and easy for crypto novices. Aside from that, it cooperates with Banxa, a digital banking provider to offer a fiat gateway to several crypto exchanges. Over 21 fiat currencies are supported by the platform. These include AUD, GBP, EUR, USD, and CAD which are the supported fiat money one can access on it. Note that it is possible to buy popular digital assets like BTC, ETH, USDT, LTC, and XRP directly on the site.
Top 6 supported fiat currencies
- Australian Dollar
- EURO
- Pound Sterling
- Canadian Dollar
- American Dollar
- Russian Ruble
Types of fees
Only two types of fees are available presently on the platforms.
Trading fees
These fees play significant roles in crypto exchanges. Whenever one places an order, the exchange demands such a user to pay a trading fee. The fee is a percentage value based on the trade order charged to takers and makers during trading. Requires takers to pay a 0.20 percent fee. While makers trade with a discount and pay just 0.05 percent per completed order.
Withdrawal fees
It charges a fee of 0.001 BTC whenever one withdraws BTC on the platform. 0.001 BTC equals 0.00064 BTC per BTC withdrawal made by users on the website.
