XT is a digital assets exchange allowing $500K daily fiat withdrawals for unverified accounts. The daily withdrawal limit for these accounts in crypto is 10M USDT and there are no limitations of any kind on deposits.
The platform offers trading of more than 800 cryptocurrencies in 1000+ pairs. It has received 8/10 from the CoinGecko website.
XT Company Information + Regulation
Based on the XT.com's profile on Crunchbase, it is a financial company located in Dubai, United Arab Emirates, founded in July 2nd, 2018. The exchange was founded by Weber Woo. XT by Numbers:
- More than 7.8 million registered users;
- +1M monthly active clients;
- Over 1,000 trading pairs;
- +40,000,000 ecosystem users.
This exchange, like many other crypto exchanges, is not regulated by any financial authority. However, it shouldn't be considered a drawback since almost no crypto exchange is regulated either.
Summary of Key Features
Financial companies share some common parameters and specifics. In this section, we will have a look at these specifics in a table:
Exchange | XT.com |
Launch Date | 2018 |
Levels | 2 |
Trading Fees | Max. 0.2% |
Restricted Countries | United States, Mainland China, Canada, North Korea, Cuba, Singapore, Syria, Sudan, Venezuela, Indonesia, Crimea |
Supported Coins | +800 |
Futures Trading | Yes |
Minimum Deposit | Varies By The Currency Or Asset |
Deposit Methods | Crypto, Credit/Debit Card, Bank Cards, E-Wallets |
Withdrawal Methods | Crypto, Credit/Debit Card, Bank Cards, E-Wallets |
Maximum Leverage | 125x |
Minimum Trade Amount | Varies by The Trading Pair |
Security Factors | Cold Storage, 2FA, KYC |
Services | Copy Trading, Hashrate, Savings, Staking, Shark Fin, Dual Investment, Crypto Loan, Margin Trading, NFT Marketplace |
Customer Support Ways | Email, Live Chat |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Not Specified |
Native Token | XT |
XT Exchange User Levels Overview
Typically, crypto exchanges create a user-leveling structure based on verification. XT works by the same rule. On this exchange, the basic user level is the one without any verifications and has these conditions:
- Fiat: No limit on deposits, $500K per day limit for withdrawals
- Crypto: Unlimited deposits, 10M USDT per day limitation for withdrawals
Once you verify your account with the required documents and identity information, these limits will be expanded.
Commissions and Costs
When it comes to trading, fees can make or break your profit margins. XT Exchange has designed a tier system for trading costs. XT.com Spot Trading Fees Table:
Level | Trading Volume In The Last 30 Days (USDT) | XT 24h Avg. Holdings | Fees For Maker/Taker (%) |
VIP0 | 0+ | 0+ | 0.2 |
VIP1 | 5,000+ | 50+ | 0.18 |
VIP2 | 10,000+ | 150+ | 0.16 |
VIP3 | 20,000+ | 500+ | 0.14 |
VIP4 | 50,000+ | 1,000+ | 0.12 |
VIP5 | 150,000+ | 3,000+ | 0.1 |
VIP6 | 300,000+ | 5,000+ | 0.08 |
VIP7 | 600,000+ | 10,000+ | 0.07 |
VIP8 | 1,200,000+ | 50,000+ | 0.06 |
VIP9 | 2,500,000+ | 150,000+ | 0.05 |
VIP10 | 6,000,000+ | 250,000+ | 0.04 |
VIP11 | 15,000,000+ | 500,000+ | 0.03 |
VIP12 | 30,000,000+ | 1,000,000+ | 0.02 |
Futures Trading Fees:
Level | Trading Volume Over The Last 30 Days | Maker (%) | Taker (%0 |
VIP0 | 0+ | 0.04 | 0.06 |
VIP1 | 200,000+ | 0.038 | 0.0588 |
VIP2 | 1,000,000+ | 0.036 | 0.057 |
VIP3 | 5,000,000+ | 0.034 | 0.054 |
VIP4 | 10,000,000+ | 0.032 | 0.051 |
VIP5 | 15,000,000+ | 0.028 | 0.048 |
VIP6 | 30,000,000+ | 0.024 | 0.045 |
VIP7 | 50,000,000+ | 0.02 | 0.042 |
VIP8 | 100,000,000+ | 0.016 | 0.036 |
VIP9 | 300,000,000+ | 0.012 | 0.033 |
VIP10 | 500,000,000+ | 0.008 | 0.03 |
VIP11 | 800,000,000+ | 0.006 | 0.025 |
VIP12 | 1,000,000,000+ | 0.004 | 0.018 |
For deposits and withdrawals, XT charges various amounts based on the asset used.
Which Coins and Tokens are Available on XT Exchange?
Variety is the spice of life, and the mentioned exchange seems to have taken this to heart when it comes to their coin offerings. With a smorgasbord of over 800 cryptocurrencies and 1000+ trading pairs, you're spoilt for choice. But let's break it down a bit:
- Major Players: Bitcoin [BTC], Ethereum [ETH], and other top-tier cryptocurrencies
- Other Assets: A wide array of alternative cryptocurrencies for the adventurous trader
- DeFi Tokens: Catering to the decentralized finance enthusiasts
- NFT-related Tokens: Perfect for those dabbling in the world of digital collectibles
- XT Smart Chain Digital Assets: Native tokens of XT's own blockchain ecosystem
Does XT Offer Futures and Margin Trading?
For those of you who like to live on the edge (of the trading world, that is), you'll be pleased to know that this company does indeed offer futures and margin trading. But let's break it down:
Futures Trading
Traders use futures contracts to earn profits from the highs and lows of the market. XT offers trading with leverage up to 125x. Key Specifics:
- USDT-M Futures: These are perpetual contracts settled in USDT
- COIN-M Futures: Futures contracts settled in the underlying cryptocurrency
- Quarterly Delivery Futures: For those who like to plan ahead
- Futures Grid: An automatic tool for buying and selling contracts for earning through fluctuations
Margin Trading
Exchanges loan assets to traders so they could earn more profit via trading. XT Margin Key Features:
- Leverage options ranging from 3x to 20x (depending on the asset)
- Cross-margin and isolated margin options available
Registration and Verification on XT Exchange: Comprehensive Guide
Ready to jump into the world of XT Exchange? Let's walk you through the registration process with a step-by-step guide:
- Head to the Exchange website;
- Click on the "Sign up" button (usually in the top right corner);
- Enter your email address (or use your phone number) and create a complex password;
- Solve the captcha;
- Enter the verification code sent to the submitted email address.
Now, you've got an account on XT. For verification and leveling up your account, you need to complete your profile information, then upload photos and videos of yourself and the necessary documents.
How Secure and Safe is XT Exchange?
When it comes to crypto exchanges, security isn't just a benefit - it's a necessity. So, how does XT Exchange stack up in the safety department? Let's break it down:
- Cold Storage: A significant portion of user funds are stored in offline wallets, away from potential online threats.
- KYC Verification: While some might see it as a hassle, KYC helps prevent fraud and money laundering.
- Two-Factor Authentication (2FA): An extra layer of security for your account.
Remember, no exchange is 100% secure. Always practice good security hygiene - use strong passwords, enable 2FA, and never store large amounts of crypto on an exchange long-term.
Deposit and Withdrawal Methods
When it comes to getting your funds in and out of XT exchange, they've cast a wide net to cater to various preferences. Let's dive into the payment methods available:
- Crypto: Via blockchain transactions on relevant networks
- E-wallets: Google Pay, PayPal, Apple Pay, etc.
- Bank Cards: Through supported banks
- Credit/Debit Cards: VISA, Mastercard
You can use the above options to make both deposits and withdrawals.
Trust Ratings
Trust is the currency of the crypto world, and XT Exchange's trust ratings on reputable platforms like CoinGecko paint an interesting picture. Let's break it down:
- Trustpilot Score: Currently unavailable due to a breach of guidelines. This raises some eyebrows.
- CoinGecko Evaluation: 8/10
It's important to note that XT has faced allegations of fake reviews, which Trustpilot has taken action against. This, combined with reports of unexpected delistings and price manipulations, calls for caution.
Copy Trading and Passive Income Options
For those looking to make their crypto work harder, XT exchange offers some interesting options. Let's explore:
- Copy Trading: For spot and futures markets, great for beginners or those short on time, lead traders can earn up to 20% of profits generated by followers
- Savings: Deposit funds in flexible & fixed savings and earn interest
- Staking: Lock up your crypto to support network operations and earn rewards
- Hashrate: Participate in cloud mining without the hardware hassle
- Structured Products: Advanced investment options like Shark Fin and Dual Investment for potentially higher returns
Remember, while these options can be attractive, they're not without risks. Always do your own research and never invest more than you can afford to lose.
Writer's opinion and conclusion
A volume-based structure is designed for spot trading fees in XT with 13 levels and a range of 0.2% to 0.02% commissions. Futures commissions work on a different volume-based system, with maker fees ranging from 0.04% to 0.004%.
A leverage of up to 125x is available for futures trading on the platform. The maximum leverage for margin trading is 20x.