XT.com Exchange Review– Key Features, Trading Fees and Other Details

Introduction

Crypto exchanges are at the forefront of serving crypto enthusiasts  and investors with a wide array of digital tokens and coins. These exchanges introduce several coins where traders can freely buy and sell cryptocurrencies. There are several iconic facts that distinguish certain exchanges from others. XT.COM asserts to be one of the best-serving, secure and user-friendly crypto exchanges with a social-infused feature. 

XT.COM exchange is a centralized crypto exchange like Coinbase, Kraken, and Gemini. Established in 2018 and registered in Seychelles, XT.COM claims to be the world’s first social-infused exchange. It is designed to be a platform where crypto enthusiasts, investors, and traders can conveniently buy and sell their crypto holdings.

Additionally, XT.COM operates 24/7 as a crypto exchange with minimal downtime. This signifies that traders, by any means, can access all of XT.COM exchange services anytime. The exchange also highlights a wide range of customized virtual services for various different fintech projects.

Apart from the above, XT.COM also claims that they are a zero-leveraged crypto trading platform with more than 6 million registered and 1,000,000 monthly active users worldwide. Overall, XT.COM has a threshold of more than 40 million users in total within its ecosystem.

The features mentioned above make XT.COM one of the top 20 crypto exchanges on Coingecko and has also resulted in a good rank on platforms such as CoinMarketCap and Nomics.

XT.COM Exchange Details

XT.COM Platform Interface

XT.COM has an easy-to-use interface for all crypto traders. The UI makes the platform users easily understand and access services offered by XT.COM. 

XT.COM Exchange Features and Functions

Spot Trading

XT.COM offers a well-structured spot trading option on its platform for every crypto enthusiast. That being said, traders have a higher chance to trade in a more volatile market. Furthermore, spot trading on XT.COM allows traders to experience a wide range of services and explore other exchange features. 

Margin Trading

Unlike other crypto exchanges, XT.COM provides remarkable margin trading services for all crypto newbies and professional traders alike. Margin trading on XT.COM comes with several other trading features such as contract trading and Over-The-Counter (OTC) trading.

Derivatives and ETF Trading

XT.COM also has derivatives and ETF trading options. Derivatives trading allows users to exchange contracts between buyers and sellers, and they have to sell or buy an asset on a specific date. Meanwhile, exchange-traded fund (ETF) trading tracks the price of crypto assets available on XT.COM.

XT Smart Chain Features

XT Smart Chain is a decentralized, energy-efficient public chain that is EVM-compatible. Smart Contracts can be deployed on it and allows high-performance trading. The XT Smart Chain uses the HPoS consensus mechanism and has low trading costs and latency. The XT token also possesses high concurrent tradings and is used to pay on-chain gas fees. XT Smart Chain focuses on supporting high-potential developers and innovative projects.

Here are some highlighting features of the XT Smart Chain:

Meta Trading Function

Besides being a decentralized network, XT.COM supports meta trading processes that includes fee reductions, an effective reduction in the cost for developments and users on chain.

Cross-chain Asset Transfers

XT.COM also supports cross-chain asset transfers that optimizes the user experience.

EVM Support

This feature enables XT.COM to support EVM programmability and smart contract compatibility to reduce development or migration costs. 

Supported Cryptocurrencies on XT.COM

XT.COM exchange holds more than 500  tradable coins and over 800 trading pairs on its platform.

Moreover, XT.COM continues to increase the number of its crypto offerings for users across the globe.

The platform supports mainstream virtual currencies, namely high market cap coins like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Cardano (ADA), Chainlink (LINK), and more. Additionally, XT.COM supports other altcoins such as NEO(NEO), Solana (SOL), and many more.

Below is a list of some of the popular coins available on XT.COM exchange.

Accepted Payment Methods

XT.COM allows its customers to purchase cryptocurrencies with their debit and credit cards via convenient methods, which are extra user friendly for those new to cryptocurrencies. Moreover, the platform cooperates with Banxa, a digital banking provider that functions as a fiat gateway for many crypto exchanges.

As of this publication, XT.COM supports over 100 fiat currencies. This includes AUG, GBP, EUR, USD, CAD, and more. Users can easily purchase popular digital assets such as BTC, ETH, USDT, LINK, LTC, and XRP directly on XT.COM.

The top six fiat currencies supported by XT.COM are currently as follows:

XT.COM Fees

Trading Fees

Trading fees are naturally significant on crypto exchanges. Besides, anytime customers place an order, XT.COM requires them to pay a trading fee. The trading fee is usually a percentage value based on the trader’s order. Specifically, the exchange charges ‘taker fees’ and ‘maker fees’ during trading.

In brief, takers are the people who ‘take’ orders from the exchange order book. This indicates that they exclude order choices from the order book by removing liquidity. Meanwhile, makers put the orders in the order book or create a market by adding orders.

XT.COM asks takers to pay a trading fee of 0.2%, whereas, makers trade with a large trading fee discount and only pay 0.05% per completed order.

Withdrawal Fees

XT.COM imposes a withdrawal fee of 0.001 BTC when users withdraw BTC on the platform. This fee is far from the industry standard.

XT NFT

XT.COM showcases an NFT marketplace — XT NFT— where users can buy and sell their digital arts and NFT collections. There are some top-ranking NFT collectibles such as Agravity Box, $kull ₿eing Club, Pioneer_Gun_, MotorN, etc.

Final Score

Services offered: 3.5/5

Cryptocurrency support: 3.5/5

Fees: 3/5

Security: 4/5

Review score: 3.5

XT.COM Review Summary

The crypto market is growing with innumerable crypto exchanges. However, the locality of these exchanges does not pose a problem for the users to enjoy easy access. XT.COM stands as one of the best crypto exchanges and the world’s first social-infused exchange.

With the project’s communicative connections, users can chat in communities to investigate the market trend. To put it simply, XT.COM allows users to examine valuable coins together.

Essentially, XT.COM has three important reasons that make the platform the best for trading:

• They have a high-performance matching engine. With this, the user ensures that traders are executed promptly.
• XT.COM has a variety of security measures that includes offline signatures, layered architecture, and hot and cold wallet separation.
• XT.COM offers OTC trading, where users can execute large trades with a quick settlement.

Disclaimer: This material must not be used as a basis for making any investment decisions. This serves as informative material about the crypto exchange. Trading digital assets involve high risk and can result in the loss of investment capital. Hence, always make sure to do in-depth research before engaging or investing in any cryptocurrencies.