Xt Crypto Exchange Review: It Is Good Or Bad?

About XT Exchange

Founded in HK, July 2018, XT Exchange is the world’s first socialised digital asset trading platform. The platform has a global top-level domain name XT.com, with more than 2 million registered users, more than 200,000 active users monthly, and more than 7 million users in the ecosystem. XT provides a wide range of services such as exchange trading, OTC trading, margin trading, contract trading, etc.; XT.com has a comprehensive transaction platform with more than 100 high-quality currencies and 300 trading pairs.

XT Exchange headquartered in Hong Kong and registered in Seychelles. It has operation centers in Japan, Singapore, South Korea, Spain, and other countries. This is a strategic partner with ZB.com, providing safe secure and professional trading experiences to users. XT Group governs the XT Exchange, Capital, XT Labs, XT Academy.

XT Exchange Basic Points

How To Start ?

How To Sign Up At XT Exchange ?

It Is Very Easy To Sign Up At XT Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At XT Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At XT Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At XT Exchange ?

Withdrawing your funds from Emx is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

XT Trading fees

Trading fees are naturally very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges charge what they call taker fees, from the takers, and what we call maker fees, from the makers. The takers are the people who “take” orders from the order book. This means that they remove order options from the order book and thereby remove liquidity. Makers are the ones who put the orders on the order book in the first place.

XT.com charges takers a trading fee of 0.20%. Makers, on the other hand, trade with a substantial trading fee discount and only have to pay 0.05% per executed order. These fees are in line with industry average, even somewhat below.

XT.com Withdrawal fees

XT.com charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This fee is far above the industry average, as the industry average according to the only empirical study performed on the subject that they know of, this one, is 0.00064 BTC per BTC-withdrawal.

Deposit Methods

XT.com offers both wire transfer and – as of 19 December 2020 –  also credit and debit card deposits (through a cooperation with Banxa, a well-known financial institution). At present, It has opened 13 fiat currency channels to support global users to buy digital assets. Users can buy 6 mainstream digital currencies including BTC, ETH, LINK, LTC, XRP and USDT on the page of Credit/ Debit Card.

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.

XT.com Trading

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. The below is a picture of the trading view at XT.com

Stable Secure Aggregated

High-performance Matching Engine

Autonomously developed trading matching engine adopts advanced distributed cluster architecture and micro-service development, supporting transactions more than 3 million per second.

Financial Security

Unbiased zero-knowledge proof privacy and confidentiality technology protects user privacy. Based on security designs such as multiple signatures, offline signatures, and layered architecture, it uses mature cold and hot wallet separation technologies.

Community Trading Model

Build communities, directly connect customers, make traditional business management more open, and achieve a wider range of business connections.