XT.COM Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange?

A cryptocurrency exchange is a digital platform that facilitates the buying, selling, and trading of various cryptocurrencies. It serves as an intermediary where users can exchange their traditional fiat currencies, such as the US dollar or Euro, for cryptocurrencies like Bitcoin, Ethereum, or Ripple. These exchanges provide a marketplace where buyers and sellers can connect, and transactions are executed electronically.

Users typically create accounts on these platforms, which often involve identity verification processes, and then deposit funds into their accounts to start trading. Cryptocurrency exchanges play a crucial role in the broader blockchain ecosystem by providing liquidity and price discovery for digital assets.

They can be centralized, where a central authority oversees the exchange, or decentralized, where smart contracts and blockchain technology enable peer-to-peer trading without the need for an intermediary.

The cryptocurrency exchange landscape is dynamic and constantly evolving, with new platforms emerging and regulatory frameworks adapting to the growing importance of digital assets in the financial landscape.

What Is XT.COM Crypto Exchange?

XT.COM is a trading platform with a wide selection of cryptocurrencies, a significant range of transactions and trading categories like OTC/Spot/Margin/Futures/Derivatives, as well as efficient and professional crypto investment services. As the world’s first social-infused digital assets trading platform, XT.COM also supports social networking platform based transactions to make their crypto services more accessible to users all over the world. Covering a rich variety of trading categories together with a NFT aggregated marketplace, the platform strives to cater to its large user base by providing a secure, trusted and intuitive trading experience.

XT.COM Crypto Exchange Quick Facts

How To Register At XT.COM Exchange?

To register on XT.COM, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

XT.COM Exchange Supported Countries

XT.COM Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on XT.COM.

How To Verify Your XT.COM Cryptocurrency Account ?

There is no mandatory verification at XT.COM, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the XT.COM, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At XT.COM Crypto Exchange?

There are two main options for topping up your balance on XT.COM. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From XT.COM Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your XT.COM Account?

There are several steps you can take to help secure your XT.COM account and protect your funds:

1. Use a Strong Password: Create a complex password that includes a mix of uppercase and lowercase letters, numbers, and special characters. Avoid using easily guessable information such as birthdays, names, or common words.
2. Enable Two-Factor Authentication (2FA): Enable 2FA to add an extra layer of security to your account. This typically involves receiving a code on your mobile device in addition to entering your password.
3. Secure Email and Phone: Ensure that the email account associated with your exchange is secured with a strong password and 2FA. Use a secure and private phone number for account recovery and 2FA.
4. Regularly Update Your Password: Change your password periodically to reduce the risk of unauthorized access.
5. Beware of Phishing Attempts: Be cautious of phishing emails, messages, or websites that attempt to trick you into providing your login credentials. Always double-check the website’s URL before entering your login information.
6. Secure Your Devices: Use up-to-date antivirus and anti-malware software on your devices. Keep your operating system, browser, and other software updated with the latest security patches.
7. By taking these steps, you can help protect your XT.COM account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

XT.com Trading fees

Naturally, trading fees are very significant. The exchange charges you a trading fee each time you place an order. Typically, the trading charge is expressed as a percentage of the trade order’s value. Many exchanges levy makers fees, which come from the makers, and taker fees, which come from the takers. The individuals who “take” orders from the order book are known as takers. In other words, they eliminate liquidity by removing order choices from the order book. The people who initially enter orders into the order book are the makers.

Takers are subject to a 0.20% trading fee on XT.com. Makers, however, only pay 0.05% for each executed order and trade with a significant trading fee reduction. These charges are comparable, if not somewhat less than, the industry norm.

XT.com Withdrawal fees

When you remove bitcoin, XT.com imposes a withdrawal fee of 0.001 bitcoin. This cost is marginally more than the industry average because, as far as we are aware, the industry average for this kind of transaction is 0.00053 BTC for each BTC withdrawal.

Deposit Methods

XT.com offers both wire transfer and – as of 19 December 2020 –  also credit and debit card deposits (through a cooperation with Banxa, a well-known financial institution). At present, XT.com has opened 13 fiat currency channels to support global users to buy digital assets. Users can buy 6 mainstream digital currencies including BTC, ETH, LINK, LTC, XRP and USDT on the page of Credit/ Debit Card.

Trade On Go XT.COM Is 100% Mobile Friendly

XT.COM takes great satisfaction in being a state-of-the-art cryptocurrency trading platform that combines well with the active lifestyle of contemporary traders. As part of its dedication to ease of use and accessibility, XT.COM makes sure that every aspect of its trading experience is mobile-friendly. Customers may trade with convenience and efficiency thanks to XT.COM’s user-friendly mobile interface, regardless of whether they prefer the freedom of managing their investments from their mobile device or are constantly on the go.

Because of the platform’s user-friendly features and responsive design, traders can manage their portfolios, execute trades, and stay connected to the markets from anywhere at any time. The flawless mobile trading experience that XT.COM offers is a testament to its commitment to fulfilling the changing demands of today’s tech-savvy and mobile investors.

How To Contact XT.COM Customer Support Team?

If you need help with your XT.COM account or have any questions, you can contact XT.COMcustomer support through the following methods:

Live Chat: You can use the live chat feature on the XT.COM website to chat with a customer support representative in real-time.

Email: You can send an email to [email protected]. Be sure to provide as much detail as possible about your issue or question.

Phone: XT.COM also has a phone support line that you can call. The phone number for customer support

Social Media: You can reach out to XT.COM on their social media channels like Twitter, Facebook, or Telegram to get help.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that customer support can assist you efficiently.

Features Of XT.COM Crypto Exchange

Diverse Cryptocurrency Selection

XT.COM offers a comprehensive selection of cryptocurrencies, allowing users to trade and invest in a wide range of digital assets.

Extensive Transaction Options

The platform provides a significant range of transaction options, including OTC (Over-the-Counter), Spot trading, Margin trading, Futures, and Derivatives. This diverse set of trading categories accommodates various user preferences and trading strategies.

Social-Infused Trading Platform

As the world’s first social-infused digital assets trading platform, XT.COM integrates social networking features into its interface. Users can engage with each other, share insights, and execute transactions within a social context.

Global Accessibility

XT.COM facilitates transactions through a social networking platform, making its crypto services more accessible to users worldwide. This global approach ensures that users from different regions can participate in the crypto market seamlessly.

Professional Crypto Investment Services

The platform offers professional crypto investment services to assist users in making informed decisions. These services may include market analysis, investment advice, and other tools designed to enhance the user’s trading experience.

Secure and Trusted Environment

XT.COM prioritizes the security and trust of its users. The platform employs robust security measures to safeguard user funds and personal information, ensuring a secure trading environment.

Intuitive Trading Experience

The platform is designed with user experience in mind, providing an intuitive interface for both beginners and experienced traders. The user-friendly design aims to simplify the trading process and enhance overall user satisfaction.

XT.COM Good Or Bad Points

XT.COM is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using XT.COM:

Good points:

1. Wide Selection of Cryptocurrencies: XT.COM offers a diverse range of cryptocurrencies, providing users with numerous options for trading and investment opportunities.
2. Comprehensive Trading Categories: The platform supports various transaction and trading categories, including OTC, Spot, Margin, Futures, and Derivatives. This versatility allows users to engage in different types of trading based on their preferences and risk tolerance.
3. Professional Crypto Investment Services: XT.COM is highlighted as providing efficient and professional crypto investment services. This suggests that users may benefit from expert guidance and support in their investment decisions.
4. Social-Infused Platform: Being the world’s first social-infused digital assets trading platform, XT.COM incorporates social networking features into its services. This can enhance user interaction, communication, and potentially create a sense of community among traders.
5. Global Accessibility: The support for social networking platform-based transactions indicates an effort to make crypto services more accessible to users worldwide. This global accessibility can be beneficial for users from different regions.
6. Secure and Trusted Trading Experience: The emphasis on providing a secure, trusted, and intuitive trading experience suggests that XT.COM prioritizes the safety and satisfaction of its users.
7. NFT Aggregated Marketplace: The inclusion of a Non-Fungible Token (NFT) aggregated marketplace adds another dimension to the platform, allowing users to explore and participate in the growing NFT market.

Bad points:

1. Potentially Overwhelming for Beginners: The platform’s extensive range of trading categories, including advanced options like Margin, Futures, and Derivatives, might be overwhelming for beginners. It may require a steep learning curve for users new to cryptocurrency trading.
2. Dependence on Social Features: While social networking features can enhance the user experience, some traders may prefer a more traditional and focused trading platform. The integration of social elements might distract users who are solely interested in the trading aspects.
3. Risk of Social Engineering Attacks: The social-infused nature of the platform could potentially expose users to social engineering attacks or scams if not properly managed. Users need to be cautious and informed about security measures.
4. Quality of Investment Advice: The claim of providing professional crypto investment services raises questions about the quality and reliability of the advice given. Users should exercise caution and conduct their research before relying solely on the platform’s investment guidance.
5. Marketplace Complexity: While the inclusion of an NFT aggregated marketplace is a positive aspect, it may introduce complexity for users not familiar with the NFT market. The platform should provide adequate education and resources to help users navigate this additional feature.
6. Platform Reliability: The statement emphasizes a secure and trusted trading experience, but the actual reliability of the platform concerning downtime, technical issues, or delays is not addressed. Users need assurance about the platform’s stability.
7. Regulatory Compliance: The overview does not mention the platform’s adherence to regulatory standards. Users should be aware of the regulatory landscape and whether XT.COM complies with relevant laws and regulations in the jurisdictions it operates in.

Is XT.COM Is Safe Platform To Trade ?

XT.COM is a cryptocurrency exchange platform that allows users to buy, sell, and trade various cryptocurrencies. While no exchange can guarantee 100% safety, XT.COMhas implemented various security measures to help protect its users’ funds.

For example, XT.COM stores the majority of its users’ funds in cold wallets, which are offline and not accessible through the internet. This makes it much more difficult for hackers to steal funds. XT.COM also uses two-factor authentication (2FA) to provide an extra layer of security for users’ accounts.

However, it’s important to note that no exchange can guarantee complete safety, and there is always some risk involved in trading cryptocurrencies. It’s essential to do your research, understand the risks, and take appropriate security measures to protect your assets.

In summary, XT.COM has taken several measures to enhance security, but it’s still important to be cautious and do your due diligence before trading on any platform.

XT.COM Conclusion

In conclusion, XT.COM emerges as a comprehensive and pioneering trading platform in the realm of digital assets. With an extensive array of cryptocurrencies and a diverse range of transaction options including OTC, Spot, Margin, Futures, and Derivatives, the platform stands out for its versatility. The inclusion of social-infused features further distinguishes XT.COM, making it the world’s first digital assets trading platform to integrate seamlessly with social networking platforms. This innovative approach enhances accessibility for users globally, bridging the gap between social interactions and crypto transactions.

Moreover, XT.COM’s commitment to providing efficient and professional crypto investment services is evident in its user-friendly interface and secure trading environment. The platform’s dedication to security, trustworthiness, and an intuitive trading experience is reflected in its support for various trading categories and the incorporation of a NFT aggregated marketplace. By catering to a diverse user base and offering a rich variety of trading options, XT.COM positions itself as a leader in the cryptocurrency market.

In a rapidly evolving landscape, XT.COM’s forward-thinking approach and commitment to meeting the diverse needs of its users make it a noteworthy player in the digital assets trading arena. As the platform continues to innovate and adapt to the dynamic nature of the crypto space, it is poised to remain a key player in facilitating secure and seamless transactions for cryptocurrency enthusiasts worldwide.

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