A crypto exchange guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of XBTPro consists of four parts: general info, fees, deposit methods and security.
XBTPro is an exchange registered in Saint Vincent and the Grenadines. It launched in 2020.
The platform offers trading of the 10 biggest cryptocurrencies out there, but the newer more exotic altcoins are not supported yet. This can be both a good and a bad thing, of course. You'll probably not find the holy grail 100x crypto here, but the cryptos you do trade are far less likely to be scams or to drop substantially in value.
According to information provided directly from the exchange to us here at Cryptowisser, US-investors are restricted and cannot do trading on the XBTPro platform. But if you’re from the US and you’re looking for a crypto trading platform, don’t worry. Use our Exchange Filtres to find an appropriate exchange accepting US-investors.
A very exciting feature this exchange offers is their multi-tiered affiliate program. It has 10 levels. This is way above average as most exchanges do not offer several affiliate levels at all, and the ones that do normally stop at level 5. To illustrate how much you can earn by referring a friend to the platform (who in turn invites another friend etc.), the platform has created different names for the different levels. The below picture illustrates it well:
In addition, the platform has stated that it will have features such as Margin trading (for experienced traders) and demo trading (for inexperienced traders) as well as crypto courses and crypto-related news content going forward.
XBTPro Trading View
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. They also show 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 XBTPro:
XBTPro Trading fees
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order.
This exchange’s trading fees for takers is 0.05%. This fee is substantially below the historical industry average, which is arguably around 0.25%. We are today seeing more and more exchanges moving towards lower trading fees, and new industry averages are starting to form around 0.10%. But, obviously, XBTPro's taker fees are very low also in comparison with them.
XBTPro also offer trading fee discounts for makers, who trade at 0.02% (60% discount compared to takers). This maker/taker fee model promotes the liquidity at the exchange and is an appreciated feature with this platform.
XBTPro Withdrawal fees
XBTPro doesn't charge any withdrawal fees of their own, so the only fee you have to bother with is the blockchain fee (also known as the "network fee"). This is far below the global industry average. The BTC-withdrawal fee industry average is 0.000812 BTC per BTC-withdrawal, at least when we did our most recent empirical study of withdrawal fees).
All in all, the fees here are low and thus also consumer-friendly.
XBTPro does not accept any other deposit method than cryptos, so new investors are restricted from trading here. If you are a new crypto investor and you wish to start trading here, you will have to purchase cryptos from another exchange first and then deposit them at this exchange.
To find an exchange where you can deposit fiat currency, just use our Exchange Filters and we’ll help you through it.
We hope you have enjoyed reading the above review. We also recommend checking out the following exchanges. They are well established in the industry and have also received excellent ratings from the visitors on our site: