XT

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.

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.

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.

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 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.

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.

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.

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.