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 XT.com consists of four parts: general info, fees, deposit methods and security.
XT.com is an exchange registered in the Seychelles. Out of the exchanges listed in our Exchange List, only a few others have their registration there (e.g. BitMEX, PrimeXBT, BaseFEX, Remitano, DigiFinex, BitForex, BitMesh, KKEX and Huobi). However, the crypto market is truly global in its nature and as such the locality of the exchanges doesn’t matter that much to the users.
XT.com highlights three things as the reasons for picking XT.com’s trading platform as the platform to trade at. First off, they have a high performance matching engine. This means that you can be sure that any trades you want to do are executed promptly and without delay. Second, they have a number of strong security measures. These measures include offline signatures, layered architecfture, hot and cold wallet separation etc. Third and finally, they offer OTC-trading. In OTC-trading, you can execute larger trades with quick settlement. Trades that you for pricing reasons (also known as “slippage”) don’t want to execute on on the open market.
We have not been able to find any information that US-investors are prohibited from trading at this trading platform. However, if you are a US-investor, you should still always analyse whether your home state imposes any obstacles for your foreign crypto trading. Sometimes the exchange has opened its door in spite of your own state prohibiting you from trading.
XT.com 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, 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:
XT.com Trading fees
This trading platform doesn’t charge different fees between takers and makers. Instead, the exchange has a so called “flat” fee model. They offer a flat trading fee of 0.20%. The global industry average has for a long time arguably been 0.25%. Today, however, we are seeing more and more exchanges moving to lower trading fees, such as 0.10% and 0.15%. New industry averages are accordingly being established.
For the time being however, XT.com’s trading fees are still in line with industry average.
XT.com Withdrawal fees
Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Not this exchange.
XT.com charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This fee is in line with, or actually slightly above, the industry average. Global industry average BTC-withdrawal fee is according to our own study 0.000812 BTC per BTC-withdrawal.
All in all, the trading fees and withdrawal fees here are in line with the industry averages.
XT.com offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason. But don’t despair! If you really need to deposit fiat via credit card, there is a large number of crypto exchanges offering that option. To find the right one for you, just use our Exchange Finder or the filters in our Exchange List and we’ll help you out.
We run all the exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. XT.com received an F- score in this test. This should however be viewed in light of the fact that F is the Mozilla Observatory-score received by the majority of all exchanges in our Exchange List.
There are only a few exchanges that – like the above exchange – receive Mozilla Observatory-scores of B or higher. The following list includes other such exchanges with very impressive security scores: