Greetings everyone! Today, i will discuss XT, an eye catching cryptocurrency exchange that has been gaining noticeable momentum in the crypto community.
With its advanced features such as supporting multiple fiat currencies, low trading fees, and a seamless web interface across all devices, XT caters to both sophisticated and new traders alike.
XT’s features include segregated accounts, 2FA, and cold wallets to keep clients’ assets secure which offers a reliable environment to trade. Now, let’s see what makes XT unique and why it could be a great addition to your crypto portfolio.
Introduction
XT.com is a Seychelles-based cryptocurrency exchange that has been in operation since 2018.
It’s notable for being the first social trader in the world, and it also added support for the Thai and Vietnamese languages recently.
XT.com has around 16 million registered users, with more than half a million users being active monthly and over 40 million users utilizing the rest of the ecosystem.
Know Quick Details About XT
| Feature | Details |
|---|---|
| Supported Cryptos | Wide range of cryptocurrencies including BTC, ETH, and more |
| Trading Fees | Low trading fees, competitive with industry standards |
| Trading Pairs | Multiple trading pairs for various cryptocurrencies |
| Security | Advanced security measures, including two-factor authentication |
| User Interface | Easy-to-use platform, suitable for both beginners and experts |
| Mobile App | Available for both Android and iOS devices |
| Spot & Margin Trading | Offers both spot and margin trading options |
| Deposit & Withdrawal | Supports multiple deposit and withdrawal methods, including crypto |
| Customer Support | 24/7 customer support for user assistance |
Some Popular Token Available On This Exchange
| Token Name | Token Symbol | Category | Key Use Case | Blockchain |
|---|---|---|---|---|
| Bitcoin | BTC | Cryptocurrency | Digital currency, store of value | Bitcoin Blockchain |
| Ethereum | ETH | Cryptocurrency | Smart contracts, decentralized applications | Ethereum Blockchain |
| Ripple | XRP | Cryptocurrency | Cross-border payments, remittances | XRP Ledger |
| Litecoin | LTC | Cryptocurrency | Fast and low-cost payments | Litecoin Blockchain |
| Binance Coin | BNB | Utility Token | Fees discount on Binance exchange, DeFi | Binance Chain |
| Chainlink | LINK | Oracle Network | Decentralized oracle solutions for smart contracts | Ethereum Blockchain |
| Polkadot | DOT | Cryptocurrency | Multi-chain interoperability | Polkadot Network |
| Cardano | ADA | Cryptocurrency | Decentralized apps and smart contracts | Cardano Blockchain |
Trading Fees on XT
Fees for trading are one of the operational costs incurred at every transaction on an exchange. Most often than not, these costs are computed as a fraction of the value of the trade.
Generally speaking, exchanges have two categories of fees which are known as maker fees and taker fees. Taker Users are those who reduce the liquidity in the market by accepting orders which eliminates options from the order book. As their name implies, other users, called makers, place orders and subsequently, add liquidity to the order book.
With respect to the above, XT.com exchange applies a 0.20% fee for takers, but on the other hand for makers applies a significant discount by charging only 0.05% per completed order. Such a fee comes at competitive pricing and is even lower than the industrial average.
XT Withdrawal fees
The fee for withdrawing Bitcoin (BTC) on XT .com is 0.001 and this is moderately higher than the industry average where the only research done, indicated that the Bitcoin withdrawal fee stood at 0.00053.
Deposit Methods
| Deposit Method | Description | Supported Currencies | Processing Time |
|---|---|---|---|
| Cryptocurrency Deposit | Deposit supported cryptocurrencies directly into your XT.com wallet. | BTC, ETH, USDT, XT, and others | Depends on blockchain network |
| Bank Transfer | Deposit fiat currency via bank transfer (if supported in your region). | USD, EUR, GBP, etc. | 1-5 business days |
| Credit/Debit Card | Deposit funds using a credit or debit card (if supported). | USD, EUR, GBP, etc. | Instant |
| Third-Party Payment | Use third-party payment platforms like PayPal, Skrill, or others (if available). | USD, EUR, GBP, etc. | Varies by platform |
| P2P Trading | Deposit funds by buying crypto directly from other users via P2P trading. | Multiple currencies | Varies by transaction |
Notes:
- Cryptocurrency deposits require you to use the correct wallet address and network (e.g., ERC-20, TRC-20).
- Fiat deposits may require KYC verification.
- Fees and processing times vary depending on the method and currency.
- Always check the XT.com platform for the most up-to-date deposit options and requirements.
How to Start Trading on XT
Setup Your Account
Go to XT.com and create an account using your email and a strong password. You may also need to confirm your email address and go through KYC procedures if necessary.
Account Funding
Once you sign in, transfer funds into your account. You can do this via bank or crypto transfer, as well as with a credit or debit card. Just follow the instructions on the website.
Select Trading Pair
Go to the trading interface on the platform and choose the pair you intend to trade, like BTC/USDT or ETH/USDT. You have a wide selection of popular cryptocurrencies to trade with on XT.com.
Order Placement
Now you can set an order after you have selected a pair to trade. You can submit market orders which get filled at best market prices instantly, or set limit orders to buy and sell at specified prices.
Trading Activity Monitoring
You can keep track of your active trades from the “Open Orders” section. Once your order has been executed, your assets are accessible within your XT.com account.
Withdrawal
In case you are ready to withdraw, proceed to the withdrawal page, where you will specify how much you would like to withdraw and to which address before finalizing the procedure.
XT Services and Features
Crypto Exchange: With over 800 cryptocurrencies, trade at great liquidity and even greater trading fees.
Spot Trading: Compete for pricing on a variety of trading pairs for spot trading.
Futures Trading: Partake in USDT/COIN-M products futures trading for leverage up to 125 with virtually no restrictions.
Savings Products: Compounding interest by holding crypto savings rewards is made really easy with multiple saving products.
Copy Trading: Follow expert traders and watch your profits soar while putting in minimal effort.
Pro Crypto Trader Utilize specialized tools for an unparalleled trading experience.
Security: Maintain your assets with constant surveillance on the platform along with cutting edge security technology.
Mobile App: Trade freely and access your account on the move with Android or iOS applications.
Here’s a table showing the supported countries and banned countries for XT :
| Supported Countries | Banned Countries |
|---|---|
| ✅ United States | ❌ Afghanistan |
| ✅ United Kingdom | ❌ North Korea |
| ✅ Canada | ❌ Iran |
| ✅ Germany | ❌ Syria |
| ✅ Australia | ❌ Sudan |
| ✅ Singapore | ❌ Crimea (Ukraine) |
| ✅ Japan | ❌ Cuba |
| ✅ South Korea | ❌ Venezuela |
| ✅ Brazil | ❌ Somalia |
| ✅ India | ❌ Yemen |
XT PROS & CONS
| Pros | Cons |
|---|---|
| ✅ Low trading fees, with discounts for makers (0.05%) | ❌ Withdrawal fees for BTC (0.001 BTC) higher than the average |
| ✅ Wide selection of cryptocurrencies and trading pairs | ❌ Limited educational resources compared to larger exchanges |
| ✅ Multiple fiat deposit options, including credit/debit cards | ❌ Not as widely recognized as some other major exchanges |
| ✅ Mobile app for convenient trading on the go | ❌ KYC process may be required for some features |
| ✅ Advanced security measures, including 2FA | ❌ Limited number of altcoins compared to bigger platforms |
| ✅ 24/7 customer support | ❌ No advanced features like futures trading |
| ✅ Supports global users with 13 fiat currency channels | ❌ Limited fiat withdrawal options |
Is XT Secure?
Indeed, XT.com is safe and uses a variety of strategies to safeguard users’ assets and private information.
The exchange harnesses the sophisticated technology of two-factor authentication (2FA), which guarantees an extra layer of security on user accounts. Moreover, a vast majority of funds on XT.com are kept in cold wallets which are kept offline and are therefore less susceptible to hacks.
The exchange also incorporates encryption technology to safeguard transactions and information. These comprehensive security measures allow XT.com to provide a safe trading environment for its users.
XT Customer Support
Users have the ability to get help for any problem they face on XT.com through their available support services. Whether it’s live chat, dialing the phone, or putting an email, help is available 24/7.
Additionally, it has comprehensive FAQ section that deals with issues such as account opening, trading, deposits, and withdrawals including security related problems.
More complicated issues can be resolved by direct help from the XT.com customer support team. XT.com makes every effort to make sure that such assistance is prompt, accurate, and efficient whenever it is required by its users.
Conclusion
XT.com is a trustworthy and safe crypto exchange company due to its many features like low trading fees, several fiat deposits and high degrees of safety.
It caters to novice traders as well as more experienced and offers around the clock assistance.
And while not as well popular as the larger ones, XT.com is one of the preferred sites by traders for international trading because of the high security and easy accessibility. Their willingness to constantly develop and focus on satisfying their clients makes them and their platform for crypto trading appealing.
