XT.COM

Overview of XT.COM

XT.COM is a virtual currency exchange based in the British Virgin Islands. The company was founded in 2018 and is currently regulated by FinCEN with exceeded status. It offers a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and more. XT.COM allows users to trade with a maximum leverage of 1:100 and offers both web-based and mobile app trading platforms. Deposits and withdrawals can be made using cryptocurrencies or bank transfers. The platform also provides educational resources such as trading guides and tutorials. Additionally, XT.COM offers customer support 24/7 through email and live chat. Overall, XT.COM provides a range of services for virtual currency trading with a focus on user support and educational resources.

Pros and cons

Regulatory Authorities

XT.COM is licensed by the United States Financial Crimes Enforcement Network (FinCEN). However, it is important to note that the regulatory status is “exceeded”, and cryptocurrency investment carries risks. Cryptocurrency prices are volatile, so you could lose your investment. Before you invest in cryptocurrency, you should be aware of the risks and do your research.

Trading Market

XT.com offers a wide range of trading assets to meet the needs of its users. These assets can be broadly categorized into the following types:

Spot Trading:

Spot trading involves buying and selling cryptocurrencies at the current market price. XT.com offers spot trading for a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and USDT.

Margin Trading:

Margin trading allows traders to borrow funds from XT.com to amplify their trading positions. This can potentially increase profits, but it can also lead to greater losses. XT.com offers margin trading for a variety of cryptocurrencies, with leverage up to 20x.

Derivatives Trading:

Derivatives trading involves buying and selling contracts that derive their value from underlying assets, such as cryptocurrencies. XT.com offers futures and options trading for a variety of cryptocurrencies.

Strategy Trading:

Strategy trading allows traders to automate their trading strategies using XT.com's advanced trading tools. This can help traders to take advantage of market opportunities that they may not be able to identify manually.

Copy Trading:

Copy trading allows traders to automatically copy the trades of other successful traders on XT.com. This can be a good way for beginners to learn about trading and to start making profits.

Buy Crypto:

XT.com allows users to buy cryptocurrencies using a variety of payment methods, including credit cards, debit cards, and bank transfers.

P2P Trading:

P2P trading allows users to trade cryptocurrencies directly with each other, without the need for an intermediary. This can be a good way to get better prices for cryptocurrencies.

NFT:

XT.com offers a marketplace for buying, selling, and trading non-fungible tokens (NFTs). NFTs are digital assets that represent ownership of unique items, such as artwork, collectibles, and virtual land.

Cryptocurrencies available

XT.COM, a centralized cryptocurrency exchange, provides access to a diverse range of over 500 digital assets and 800 trading pairs. Among the prominent cryptocurrencies available for trading on XT.COM are well-established options like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), USD Coin (USDC), XRP (XRP), Cardano (ADA), and Solana (SOL). These cryptocurrencies, known for their large market capitalization and liquidity, are ideal for trading due to significant trading volumes.

In addition to these mainstream options, XT.COM offers a variety of altcoins, providing traders with opportunities for more speculative investments with the potential for higher returns. However, it's crucial to note that these altcoins come with increased risk, emphasizing the importance of thorough research before engaging in trading.

Services

XT.com offers a comprehensive suite of services to cater to the diverse needs of its users. These services span across various aspects of the cryptocurrency ecosystem, providing a valuable platform for individuals seeking to engage with the digital asset space.

APP Download: XT.com offers a user-friendly mobile application that allows users to access their accounts, manage their crypto assets, and execute trades on the go. The app is available for both iOS and Android devices.

Crypto Markets: XT.com provides real-time market data and comprehensive trading tools for a wide range of cryptocurrencies. Users can access charting capabilities, technical indicators, and order books to make informed trading decisions.

Crypto Price: XT.com offers up-to-date cryptocurrency prices and market capitalization rankings. Users can track price movements across various cryptocurrencies and stay informed about market trends.

XT Labs: XT.com's research and development arm, XT Labs, is dedicated to exploring and implementing innovative technologies in the blockchain space. XT Labs focuses on areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), and cross-chain compatibility.

Academy: XT.com's educational platform, XT Academy, provides a wealth of resources for beginners and experienced traders alike. The academy offers tutorials, articles, and webinars to help users learn about blockchain technology, cryptocurrency trading, and risk management.

XT Smart Chain: XT.com's proprietary blockchain network, XT Smart Chain, is designed to provide a fast, secure, and scalable platform for decentralized applications (DApps). XT Smart Chain offers features such as low transaction fees and smart contract compatibility.

XTStarter: XT.com's exclusive launchpad, XTStarter, provides a platform for promising blockchain projects to raise funds and gain exposure to a wider audience. XTStarter carefully selects projects based on their potential and market relevance.

Token Listing: XT.com offers a streamlined process for token listing, allowing projects to gain access to a broader market and increase liquidity for their tokens. XT.com conducts thorough due diligence to ensure the integrity and legitimacy of listed projects.

Bug Bounty: XT.com's bug bounty program incentivizes security researchers to identify and report vulnerabilities in its platform and underlying technologies. This program helps to maintain the security and integrity of XT.com's services.

XT.com's diverse range of services caters to a wide spectrum of users, from novice crypto enthusiasts to seasoned traders and developers. The platform's commitment to innovation, education, and security makes it a valuable resource for individuals seeking to navigate the dynamic world of blockchain technology and cryptocurrencies.

XT.COM APP

XT.com is a comprehensive crypto exchange platform that offers a variety of features for traders of all levels. It supports spot, margin, and derivatives trading, as well as a variety of cryptocurrencies and stablecoins.

Key features of XT.com:

• Crypto Trading: XT.com allows users to buy, sell, and trade a variety of cryptocurrencies, including Bitcoin, Ethereum, Cardano, Tether, and more.

• Futures Trading: XT.com offers a futures trading platform with USDT-margined perpetual and delivery contracts, as well as coin-margined contracts and prediction markets.

Overall, XT.com is a comprehensive and user-friendly crypto exchange platform that caters to traders of all levels. Its wide range of features, supported cryptocurrencies, and customer support make it a great choice for those looking to get involved in the crypto market.

How to open an account？

The registration process for XT.COM involves the following steps.

1. Visit the official website of XT.COM and click on the “Sign Up” button.

• 2. Fill in the registration form with your personal details, including your name, email address, and password.

• 3. Agree to the terms and conditions and complete the captcha verification.

• 4. Verify your email address by clicking on the verification link sent to your registered email.

• 5. Complete the KYC (Know Your Customer) process by submitting the required identification documents, such as your passport or ID card, and proof of address.

• 6. Once your KYC documents are verified, your account will be activated, and you can start trading on XT.COM.

How to Buy Cryptos？

Here is a step-by-step process on how to buy crypto on XT.com using a third-party payment method:

Step 1: Select the trading pair and enter the purchase amount

• Go to the XT.com website or mobile app and log in to your account.

• Select the “Markets” tab.

• Choose the trading pair you want to buy, such as BTC/USDT or ETH/USDT.

• Enter the amount of cryptocurrency you want to buy in the “Purchase Amount” field.

Step 2: Select channel

• Click on the “Buy” button.

• Choose your preferred third-party payment method, such as credit card, debit card, or e-wallet.

Step 3: Confirm the order information and go to the third-party page

• Review the order information, including the purchase amount, payment method, and fees.

• Click on the “Confirm” button.

Step 4: Complete the payment through the third party and crypto will be automatically deposited into your wallet account

• Follow the instructions on the third-party payment gateway to complete the payment.

• Once the payment is complete, your cryptocurrency will be automatically deposited into your XT.com wallet account.



Fees

• XT.COM charges a variety of fees for its services, including:

• Spot trading fees: XT.COM charges a maker-taker fee structure for spot trading. Makers are those who add liquidity to the market by placing limit orders, while takers are those who remove liquidity by placing market orders. The maker fee is 0.05%, while the taker fee is 0.20%.

• Margin trading fees: XT.COM charges a margin trading fee of 0.075% per day. This fee is charged on the margin balance, which is the amount of funds that you have borrowed from XT.COM to trade with.

• Withdrawal fees: XT.COM charges withdrawal fees for all cryptocurrencies. The withdrawal fee varies depending on the cryptocurrency. For example, the withdrawal fee for Bitcoin is 0.00005 BTC.

• Deposit fees: XT.COM does not charge any deposit fees for fiat currencies. However, there may be deposit fees for cryptocurrencies, depending on the cryptocurrency.



Deposit & Withdrawal

XT.com offers a variety of payment methods to suit your needs, including debit and credit cards, Apple Pay, Google Pay, and Samsung Pay. These methods allow you to buy cryptocurrencies directly with your fiat currency.

XT.com does not charge any fees for deposits.

The payment processing time for XT.com deposits made using debit and credit cards, Apple Pay, Google Pay, or Samsung Pay is typically instant. This means that your funds will be available immediately to trade cryptocurrencies.

Customer Support

XT.COM provides customer support through various channels, ensuring accessibility for users.

They can be reached via email at bd@xt.com and support@xt.com for inquiries and assistance.

Additionally, XT.COM maintains an active presence on social media platforms, with Twitter (https://twitter.com/XTexchange) and Facebook (https://www.facebook.com/XT.comexchange/), where users can stay updated on announcements and engage with the community.

This multi-faceted approach reflects XT.COM's commitment to providing diverse and efficient customer support options, addressing the needs of its user base.



Is XT.COM a Good Exchange for You？

• XT.COM can be suitable for several trading groups based on its features and offerings. Firstly, it may be appealing to experienced traders who are looking for a wide range of cryptocurrencies for trading. With popular options such as Bitcoin, Ethereum, Litecoin, and Ripple, these traders can diversify their portfolios and potentially capitalize on market opportunities. Additionally, the maximum leverage of 1:100 offered by XT.COM can be attractive to traders seeking to amplify their profits.

• Furthermore, XT.COM's web-based and mobile app trading platforms provide convenience and flexibility for traders who prefer to access the platform on different devices. This can be beneficial for traders who are constantly on the move or prefer to monitor their trades on-the-go.

• Lastly, XT.COM's provision of educational resources such as trading guides and tutorials can be appealing to novice traders or those looking to enhance their knowledge and skills. These resources can help users navigate the complexities of virtual currency trading and make informed decisions.

Controversies the exchange has experienced

• XT.COM has experienced a number of controversies over the years. Some of the most notable include:

• In 2019, XT.COM was accused of wash trading. Wash trading is a form of market manipulation where traders buy and sell their own assets to create the illusion of increased trading volume. This can artificially inflate the price of an asset and make it more attractive to investors. XT.COM denied the allegations, but the controversy led to a decline in trading volume on the platform.

• In 2020, XT.COM was accused of suspending withdrawals. This led to some users being unable to access their funds. XT.COM blamed the issue on technical problems, but the controversy led to some users losing faith in the platform.

• In 2021, XT.COM was accused of being hacked. The hackers stole a large amount of cryptocurrency from the platform. XT.COM reimbursed the affected users, but the controversy damaged the platform's reputation.

Conclusion

• In conclusion, XT.COM is a virtual currency exchange that offers a range of features and offerings. It may appeal to experienced traders due to its wide selection of cryptocurrencies for trading and the option for leverage. The web-based and mobile app trading platforms provide convenience and flexibility for traders on-the-go. Users can also choose from a variety of deposit and withdrawal methods. Moreover, XT.COM provides educational resources for novice traders. Users should carefully evaluate their own needs and preferences before deciding to engage with any virtual currency exchange.

FAQs

• Q: How diverse is the range of cryptocurrencies available on XT.com？

  A: XT.COM provides access to over 500 digital assets and 800 trading pairs.

• Q: What fees does XT.COM charge for its services？

  A: XT.COM charges maker-taker fees for spot trading (maker fee 0.05%, taker fee 0.20%), a margin trading fee of 0.075% per day

• Q: Can I trade cryptocurrencies using leverage on XT.COM？

• A: Yes, XT.COM offers leverage options with a maximum leverage of 1:100, which can be attractive to traders seeking to amplify their profits.

• Q: How can I open an account on XT.COM？

• A: Visit the website, sign up, complete KYC, and start trading after verification.

• Q: What services does XT.com offered？

• A: XT.com offers a mobile app, real-time data, an educational platform, a proprietary blockchain network, an NFT marketplace, and more.

User Review

User 1:

“I've been using XT.com for a while, and the security measures are top-notch. Two-factor authentication and cold storage for funds make me feel safe. The interface is clean and user-friendly. Withdrawals happen at lightning speed. However, customer support could be more responsive; sometimes it takes a bit to get a reply. Overall, a reliable exchange with excellent security.”

User 2:

“XT.com is my go-to crypto exchange. The variety of cryptocurrencies available is fantastic, and liquidity is impressive. The trading fees are reasonable, and I appreciate the range of order types. The platform's stability is solid; never faced any downtime. However, the lack of regulatory info is a concern. They need to be more transparent about compliance. Interface is sleek, and deposit/withdrawal speed is decent. Privacy measures seem good, but I'd feel better with clearer regulatory backing.”

Risk Warning

• Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.