What Is XT-COM? How It Work? Complete Guides 2024

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. 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.

Both beginners and experienced investors have access to multiple services: currency transactions, OTC transactions, Futures trading, purchasing assets with credit cards, and Margin trading/Leverage trading. Additionally, users can also access support for Staking, Saving and Mining.

The futures trading service on XT-COM is user-friendly, comprehensive interface that makes trading accessible to both novice and professional traders. The platform offers advanced trading tools, including real-time market data, advanced charting, and a range of order types, such as limit and stop orders, enabling traders to implement their strategies effectively. Users can trade digital assets through contracts that stipulate a predetermined price and date in the future. This is particularly useful for traders who want to hedge against price fluctuations and take advantage of market opportunities.

The exchange has an app for Windows/Android/iOS, a clean and user-friendly interface, a simple and intuitive registration process, a convenient C2C marketplace for buying/selling cryptos, and a high-performance matching engine for fast transactions without delays.

XT-COM provides its users with a secure trading experience through DDoS attack protection, an extra layer of safety based on a three-private-key security structure, and special treatment for user accounts and digital assets that are stored in cold wallets. Optimal data integrity and security is a top priority at XT-COM.

How Does XT.com work?

XT-com functions like many other cryptocurrency exchanges, offering a platform to buy, sell, and trade various digital currencies. Here’s a breakdown of its functionalities:

• Trading options: XT-com caters to a wide range of user needs by providing various trading categories:
  • Spot trading: This allows buying and selling cryptocurrencies at current market prices.
  • Margin trading: Borrow funds from the exchange to amplify potential returns (and risks).
  • Futures trading: Speculate on the future price movements of cryptocurrencies with contracts.
  • OTC trading: Conduct large trades directly with another party outside the regular market.
  • Fiat deposits: Purchase crypto using credit or debit cards (in some regions).
• Supported currencies: XT-com boasts a vast selection, with over 500 cryptocurrencies and 800 trading pairs to choose from.
• Additional features: The platform offers functionalities beyond basic trading:
  • Savings and staking: Earn interest on your holdings by locking them up for a period.
  • NFT marketplace: Buy, sell, and trade non-fungible tokens (NFTs).

Overall, XT-com seems to be a comprehensive cryptocurrency exchange catering to various user levels and investment strategies.

Here are some things to consider before using XT-com:

• Security: Research the exchange’s security practices and user reviews to ensure your funds are safe.
• Fees: Compare XT-com’s trading fees, margin rates, and withdrawal charges with other exchanges.
• Regulations: Check XT-com’s compliance with regulations in your area.

By considering these factors, you can decide if XT-com is the right platform for your cryptocurrency trading needs.

Who Are the XT-COM Founders?

Albin Warin, the CEO of XT-COM, is a tech entrepreneur with a rich history of successful startups. Fuelled by his passion for blockchain and Web3, he leads the XT team in developing an open financial ecosystem. Besides his deep-rooted belief in resilience and a positive mindset, Warin is known for creating The Blockchain Happiness Project. He graduated from ICN Business School and holds a master’s degree in finance.

What Coins Are Supported on XT.COM?

The exchange supports 800+ tokens and 1000+ trading pairs. The top crypto assets available on the platform include BTC, ETH, SOL, BNB, DOT, XRP, ATOM, ADA, AAVE, LTC and more.

When was XT.COM Established?

XT-COM was established in 2018 in Seychelles and has quickly emerged as a powerhouse among crypto exchanges with a global reputation for reliability, security, and innovation. Since then, XT.COM now serves more than 6 million registered users, over 500,000+ monthly active users and 40+ million users in the ecosystem.

Where Is XT.COM Located?

XT-COM is currently headquartered in Singapore with operational centers in Japan, South Korea, Türkiye, and Dubai etc.

What licenses does XT.COM hold?

XT BLOCKCHAIN DMCC, Dubai United Arab Emirates, DMCC, Licence Number DMCC-875786.

XT LLC, United States of America, MSB License, License Number 31000215413581

What are the associated Trading Fees on XT.COM?

Generally, XT-COM doesn’t charge traders any deposit fees but it would vary depending on the payment method used for deposits. Trading fees for spot orders start at 0.05% for makers and 0.2% for takers. Crypto withdrawal fees are not fixed and would depend on the concerning token.

How much Leverage is available in Margin Trading on XT.COM?

The platform supports Margin trading where investors can use 3x to 20x Leverage in their trades. There are two types of margin trading on the exchange: standard and pro options.

Features and Benefits of  XT.Com?

XT.com offers a variety of features and benefits that cater to different types of cryptocurrency traders. Here’s a breakdown of some key points:

Features:

• Multiple Trading Options: XT.com stands out for its diverse trading options, including spot trading, margin trading, futures trading, and OTC trading. This allows users to employ various strategies based on their risk tolerance and investment goals.
• Extensive Crypto Selection: With over 800 cryptocurrencies and 1,000 trading pairs, XT.com boasts a vast selection compared to some competitors. This grants users access to a wider range of investment opportunities.
• Fiat Deposits and Withdrawals: XT.com facilitates buying crypto with fiat currencies (like USD) through credit/debit cards (availability may vary by region). This eliminates the need for complex workarounds for new users.
• Savings and Staking: Earn passive income by locking up your holdings for a fixed period. This can be a good way to generate returns on cryptocurrency that you plan to hold for the long term.
• NFT Marketplace: XT.com caters to the growing NFT trend with a dedicated marketplace for buying, selling, and trading NFTs.
• User-Friendly Interface: The platform is designed to be easy to navigate, even for beginners.

Benefits:

• Competitive Fees: XT.com charges a maker fee of 0.05% and a taker fee of 0.20%, which is generally considered competitive in the cryptocurrency exchange market. There are also zero deposit fees.
• Security: XT.com prioritizes security with features like offline signatures, layered architecture, and hot-cold wallet separation to safeguard user funds.
• High Liquidity: The platform boasts a large user base and high trading volume, ensuring smooth execution of trades and minimal slippage (difference between expected and actual price).
• 24/7 Support: XT.com offers customer support channels to address user inquiries.
• Cloud Mining: Earn some crypto rewards through XT.com’s proprietary cloud mining platform without managing your own mining equipment (availability may vary).

Overall, XT.com presents a feature-rich platform with competitive fees and a user-friendly interface. It offers a good range of functionalities for various trading styles and caters to the growing NFT market.

However, it’s important to do your own research on security practices, user reviews, and regulations in your area before using any cryptocurrency exchange.

XT.com User Experience?

XT.com user experience appears to be generally positive, with some mixed reviews. Here’s a breakdown of what users typically mention:

Pros:

• Easy to Use: Many users find the XT.com interface clear and intuitive, making it suitable for beginners.
• Fast Account Verification: Compared to some exchanges, account verification on XT.com seems to be a quicker process.
• Wide Range of Features: Users appreciate the variety of trading options, extensive crypto selection, and additional functionalities like staking and the NFT marketplace.
• Competitive Fees: The maker-taker fee structure and zero deposit fees are considered attractive by many users.

Cons:

• Customer Support: Some users report encountering difficulties reaching customer support or receiving slow response times.
• Limited Educational Resources: Unlike some other platforms, XT.com may lack extensive educational resources for new crypto investors.
• Mixed Reviews on Security: While XT.com emphasizes security features, some user reviews express concerns. It’s crucial to do your own research on this aspect.

Here are some additional things to consider:

• Trading experience: Advanced users might seek more technical analysis tools or charting options that XT.com may or may not provide.
• Mobile App: Reviews on the XT.com mobile app generally seem positive, but it’s always good to check user feedback in app stores.

Overall, XT.com seems like a user-friendly platform with a good range of features for various traders. However, it’s advisable to weigh the pros and cons, considering factors like your experience level, desired features, and the importance of robust customer support. It’s also important to conduct your own research on security practices and user reviews to form your own informed decision.

Disclaimer ||

The Information provided on this website article does not constitute investment advice,financial advice,trading advice,or any other sort of advice and you should not treat any of the website’s content as such.

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