XT.com Crypto Exchange review
Today we will take apart an interesting exchange XT.com, let's find out what this platform offers us.
What is XT.com?
XT.COM Exchange was established in 2018 and registered in Seychelles. Its operating headquarters is located in Dubai. It has operation centers in Singapore, Seoul and other countries and regions, and its business covers the world.
The platform owns the global top-level domain www.xt.com, and currently has more than 3 million registered users, more than 300,000 monthly active users, and more than 30 million users in the ecosystem.
XT.COM is a comprehensive trading platform that supports 500+ high-quality currencies and 800 trading pairs. It has a rich variety of transactions such as currency transactions, leveraged transactions, OTC transactions, contract transactions, and credit card purchases. Provide users with the safest, most efficient and professional digital asset investment services.
Is XT.com Safe ?
There is a sufficiently high level of security. Data encryption, cold wallets, protection from bots and DDoS-attacks are applied, servers with user data are under round-the-clock guard, security checks are conducted. At the same time, an additional password is necessarily set, and traders are also able to activate two-factor authentication. The support service is available 24/7. You can communicate with employees via online chat, messengers, and by creating tickets
We highlight three reasons for choosing XT.com as a trading platform. First, they have a high-performance matching mechanism. This means that you can be sure that any trades you want to make will be executed quickly and without delay. Second, they have a number of strict security measures in place. These measures include offline signatures, tiered architecture, separation of hot and cold wallet, etc. D. And finally, third, they offer OTC trading. In OTC trading, you can make larger trades with quick settlements. Trades you don't want to make for pricing reasons (also known as "slippage") in the open market.
How to use XT.com
To start working with the exchange, you need to register. Registration can be done with a cell phone number as well as with an e-mail address. You will also need to enter a password, pass a check that detects bots, enter a confirmation code, and agree to all the documents.
After that, it is necessary to complete verification. Completion of verification is necessary to increase the level of security, as well as access to important transactions on the exchange. There are two levels of verification: basic and advanced.
The first level opens access to withdrawal of cryptocurrencies, as well as input and withdrawal of fiat funds. It will be necessary to specify the name, choose the type of identity card and enter its number, also choose the country where the citizenship was obtained. After that, a video confirmation is sent with the user.
The second level allows you to increase the limits for transactions with fiat money. It will be necessary to confirm the address of residence.
- cryptocurrency replenishment without commission;
- withdrawal with a fixed commission, for BTC - 0,001;
- for takers 0.2%;
- for makers 0,2%.
The trading commission for all exchange pairs is 0.20%. This percentage can be reduced only by attracting other traders to trade on this exchange.
It is possible to buy three cryptocurrencies: BTC, USDT and SXC - for Chinese yuan.
The project offers very interesting conditions for loyal users who accumulate people in the project. For example, for each transaction from your referral you get tasty bonuses.
Any exchange carries risks, so we remind you that you are personally responsible for all transactions and it's up to you to decide whether to use this product or not. Be careful. This is not an invest recommendation.
What is a limit order？
A limit order is an order that you place on the order book with a specific limit price. The limit price is determined by you. So when you place a limit order, the trade will only be executed if the market price reaches your limit price (or better). Therefore, you may use limit orders to buy at a lower price or to sell at a higher price than the current market price.
Unlike market orders, where trades are executed instantly at the current market price, limit orders are placed on the order book and are not executed immediately, meaning that you save on fees as a market maker.
How to make a Deposit？
If you already have digital currency assets, you can use the deposit function from your other trading platform or wallet to transfer digital currency into your XT account.
Digital currency can be deposited through “Address". How to find the deposit address of your XT platform? You will find [Deposit] under your "Wallet Account", simply copy the address of your XT platform to the deposit platform to operate and deposit your digital assets into the XT spot account.
To summarize, XT Centralized Exchange is not a bad place to make money with cryptocurrency trading. Pluses of the site: a large number of cryptocurrencies and exchange pairs, OTC, mobile application and the ability to make money on investments.
XT.com Review Summary
We have analyzed key features of Xt.com based on 3 important criteria for choosing crypto exchange:
Based on researches and our own tests, we have made an independent rating.