Suppose you are looking for a cryptocurrency exchange that offers a wide range of trading options, features, and benefits. In that case, XT.com can be seen as an ideal option.
Founded in 2018, XT.com Exchange is registered in Seychelles, with its operational headquarters in Dubai. XT.com claims to be the world’s best social-infused exchange. In this XT.com exchange review, we will explore this trading platform in detail and help you decide if it is a good fit for your trading needs.
- XT.com is an exchange that combines social features and crypto trading. Users can create their own groups, trade various coins and derivatives, and get rewards by staking, saving, and mining.
- XT.com supports many payment methods to buy cryptocurrencies, such as Visa, Mastercard, Apple Pay, Google Pay, Advcash, and Simplex.
- The trading platform charges 0.2% trading fees for makers and takers with zero deposit and withdrawal fees.
What is XT.com?
XT.com is a cryptocurrency exchange that supports over 800 cryptocurrencies, including Bitcoin, Ethereum, and many other altcoins. The exchange offers several trading markets, such as spot, margin, derivatives, social trading, and P2P.
With XT.com, you can buy and sell cryptocurrencies instantly with fiat currencies with payment methods like Visa, Mastercard, Apple Pay, Google Pay, Advcash, Simplex, or Bank transfers.
One of the unique features of XT.com is that it is a community-focused exchange that allows users to create their own communities, connect with other traders, and share insights, tips, signals, etc. You can also participate in copy trading, where you can follow the trading strategies of experienced traders or let others follow yours.
Pros and Cons of XT.com
Pros of XT.com exchange
- More than 800 cryptocurrencies and over 1,000 trading pairs are supported.
- Advanced trading markets like spot, margin, and futures are available.
- Cloud mining allows users to earn some extra rewards without installing mining equipment.
- Strong security system and 24/7 monitoring to protect users’ funds.
Cons of XT.com Exchange
- There are no direct fiat-to-bank withdrawals (Use only third-party payment providers).
- Some altcoins or low-market cap coins may have low liquidity or volume.
XT.com Exchange Review: Key Features
Diversified Trading Options
The platform offers a variety of trading markets that suit beginners and experienced traders. Some of the markets that XT.com provides are:
- Spot Trading: You can quickly buy and sell over 800 digital assets on the platform with market and limit orders.
- Futures Trading: This trading option allows you to use leverage, which means you can borrow money from the exchange to increase your buying power and potential profits. You can trade up to 125x leverage on XT.com, and choose between USDT or COIN-M products.
- Margin Trading: XT.com is also one of the best crypto exchanges for margin trading. You can get interest-free loans and up to 20x leverage with specific trading pairs. It offers instant borrowing and repaying of loans to avoid extra penalties.
- Copy Trading: It offers copy trading for both spot and futures markets, where you can follow the lead traders who have high ROI, low drawdowns, and significant AUM. You can also apply to be a lead trader and earn commissions from your followers.
- P2P Trading: This service offers instant buying and selling of cryptocurrencies with fiat currencies through peer-to-peer transactions. You can easily find merchants who offer different payment methods, such as bank transfer, Alipay, WeChat Pay, etc. You can also apply to be a merchant and enjoy lower fees and higher limits.
- ETFs: This trading product allows you to trade diversified baskets of cryptocurrencies that track certain indexes or themes. XT.com offers various ETF products, such as BTC3L/BTC3S (3x long/short Bitcoin), ETH3L/ETH3S (3x long/short Ethereum), DEFI (DeFi index), NFT (NFT index), etc. You can trade inverse and leveraged ETFs to amplify your returns or hedge your risks. You can also read our list of the best Bitcoin ETFs.
Cloud Mining Services
Cloud mining service lets you mine crypto without buying or maintaining any hardware. You just rent computing power from XT.com and get rewards for your mining activities. It doesn’t support many coins, but you still get some popular altcoins, such as FIL (Filecoin). You can start by purchasing only 1 copy of each mining contract and get up to 50% off for longer contracts.
It allows you to check your mining performance and earnings on the XT.com app or website. You can also cash out your earnings anytime to your XT.com account or wallet. Please note that rewards are not fixed and depend on mining difficulty.
Staking and Savings
With the staking service, you will lock your coins and get staking rewards. You can stake many cryptocurrencies, such as XTZ, ETH, TRX, USDT, and more. The lock-up time is 30 to 90 days. The staking rewards are distributed every 24 hours in your spot wallet.
XT.com also offers fixed and flexible savings. Fixed savings means you lock your coins for a certain period and get a fixed interest rate. Flexible savings means you can deposit and withdraw your coins anytime and get a variable interest rate. XT.com fixed savings offer higher APY (up to 120%) than flexible savings (up to 6% only).
This trading platform also offers a feature called “new coin staking”. XT.com will select some of the new projects and offer them to its users. The projects will give a limited amount of their coins to XT.com as a reward. You can pledge your other assets (similar to collateral) and get some of these coins. Once the staking period ends, you will receive your pledged assets back with the extra “new coin” tokens.
XTStarter and XT Smart Chain
XTStarter is a community-driven launchpad that raises liquidity for new projects. It comprises an Initial Token Offerings Platform, Discount Subscription services, and Airdrop Campaigns. You can easily invest in these new projects and receive the tokens once the subscription period ends.
XT smart chain is a blockchain network by XT.com exchange (similar to BNB chain by Binance) that is fast, cheap, and green. It supports smart contracts, decentralized applications, and cross-chain compatibility. XT Smart Chain has its own token XT, used for paying fees, staking, governance, and accessing services on the network.
XT.com Mobile App
The XT.com app is available for both Android and iOS devices. You can also download an APK from its official website. The mobile app is similar to the desktop version, with an easy-to-use interface and all advanced trading markets. You can easily buy and sell crypto assets with all supported payment methods.
The XT.com mobile app has got mixed feedback from users on Google Play. Some users like the app for its functions, performance, and design. However, some users dislike the app for its bugs, glitches, and unusual coin prices. This app has got 3.4 stars out of 5 based on 3.66K reviews on Google Play Store.
XT.com Supported Cryptocurrencies
XT.com is one of the most popular altcoin exchanges due to its support for a wide range of coins and tokens. It supports over 800 cryptocurrencies and 1000 trading pairs, including all popular coins, low-cap altcoins, and many shitcoins. You can also find tokens in various niches, such as NFT, DeFi, Metaverse, and AI.
Here is the list of some popular supported cryptocurrencies on XT.com:
- Ripple (XRP)
- Cardano (ADA)
- ChainLink (LINK)
- Dogecoin (DOGE)
- Ethereum Classic (ETC)
- Theta (THETA)
- Litecoin (LTC)
- Solana (SOL)
- Polkadot (DOT)
- Cosmos (ATOM)
XT.com Fees Review
XT.com Deposit Fees
XT.com does not have any fee for depositing cryptocurrencies to the platform. However, you may pay network fees or transaction fees from your wallets or other services when sending funds to XT.com.
For depositing fiat currencies, you may charged based on the payment methods. For example, third-party payment providers like Mercuryo charges around 3.8%, and Banxa charges 1.96% for VISA/MasterCard payments.
XT.com Deposit Methods
XT.com supports many deposit methods for adding both cryptocurrencies and fiat currencies. For cryptocurrencies, you can add any of the supported coins or tokens on the platform by creating a wallet address and scanning a QR code or copying and pasting the address to their own wallets or other services.
For depositing fiat currencies, you can use payment methods like:
- Mastercard and Visa (Credit/Debit cards)
- Bank Transfers
- Apple Pay and Google Pay
- Mercuryo and Banxa
XT.com Trading Fee
XT.com has a trading fee of 0.2% for both buyers and sellers in spot trading. For futures trading, it has a maker fee of 0.04% and a taker fee of 0.06%. For margin trading, XT.com has a variable daily interest rate of up to 0.1% for lending funds. It also offers trading fee discounts based on 30-day trading volume and XT token holdings.
You can see the full XT.com fee structure here.
|30-Day Volume||24H XT Holdings||Maker/Taker Fee|
XT.com Fiat Withdrawal Fees
XT.com does not support fiat withdrawals directly from the platform. Users who want to withdraw fiat currencies must exchange their cryptocurrencies for fiat currencies on the platform and then transfer them to a third-party service that supports fiat withdrawals, such as Banxa, Mercuryo, etc. The fees for fiat withdrawals depend on the third-party service and the currency involved.
XT.com Crypto Withdrawal Fees
XT.com has a variable withdrawal fee for each cryptocurrency that varies depending on the coin or token involved. The withdrawal fee is updated regularly according to market conditions and network congestion.
Here is the fee for some coins:
|Crypto||Min. Withdrawal||Withdrawal Fee|
|Bitcoin (Bitcoin network)||0.00037||0.0018|
How to Open an Account at XT.com?
To open an account at XT.com, you can follow these basic steps:
- Check your email or mobile number and type the code you received. You must also finish your identity verification (KYC) by sending your ID document and a selfie. This is needed for safety and compliance reasons.
- Add funds to your account by picking a payment method and following the instructions. You can add fiat currency or crypto, depending on your preference.
- Trade on XT.com by picking a trading pair and placing an order. You can choose from spot, futures, ETF, index, and other trading products. You can also use leverage and margin trading to boost your potential profits ( and risk).
Conclusion: Is XT.com Legit?
To sum up the XT.com exchange review. This is a legitimate and safe cryptocurrency exchange. It boasts strong security measures, such as offline storage, multi-signature wallets, SSL encryption, anti-DDoS protection, and KYC verification.
XT.com is suitable for both beginners and professionals who want to trade, invest, stake, mine, and connect with other crypto enthusiasts. It is also best for those who want to diversify their portfolio with different trading markets and options.
XT.com Exchange Review: FAQs
Can I use XT.com in the USA?
Yes, you can use XT.com in the USA. You can easily create an account and buy your favorite coins. However, XT.com has no license to operate in the United States yet.
What is the fee for XT.com withdrawals?
The withdrawal fee for XT.com depends on the crypto and network you want to withdraw. For example, XT.com charges 0.0018 BTC for Bitcoin withdrawals (BRC20 network) and 2 USDT for Tether withdrawals through the TRC20 network.
Where is XT.com located?
XT.com has its registration in Seychelles and its main office in Dubai. It also has operation centers in Singapore, Europe, and other places, and its service covers more than 160 countries.
Is the XT.com exchange safe?
Yes, XT.com is a safe exchange. It has a top security risk control system that uses the best secure technology and 24/7 platform supervision to protect your assets in all aspects. It also has various security features like two-factor authentication, email verification, SMS verification, anti-phishing code, etc.