Coin trading platforms have emerged with the advent of cryptocurrencies to enable users to buy, sell, and invest seamlessly. A growing platform with all of these features is XT.COM, an exchange with a social framework to enable robust functionality.
Are you curious to know more about XT.COM and why it’s making a noise in the crypto sphere? keep reading here in Cryptoshimbun!
What is XT.COM?
The centralised platform was founded in July 2018 and is headquartered in Dubai. Currently, there are further operations centres in Japan, Singapore, South Korea, and Spain, among other locations.
XT.COM uses real-time K-line trend observation, user wisdom pooling, and the discovery of value coins, which are all integrated into the platform’s operations to ensure a speedy and seamless accumulation of users. Moreover, XT.com is available 24/7 so traders can access its services at any time of the day.
Types of trading available on XT.com
XT.COM allows users to perform trading in different ways since it boasts a wide variety of options for its users. Its diverse services allow people to seamlessly trade their tokens. Here are some of them:
Spot trading takes advantage of shorter time frames since it involves buying and selling tokens on a specified date. What makes it different from others is that it allows traders to instantly execute a transaction.
In this type of trading, assets and securities are exchanged through a broker-dealer setup in different markets. This is ideal for people who don’t want to go through the process in a centralised exchange.
Margin trading is borrowing money from a broker to serve as collateral to carry out a transaction. If you happen to be a beginner it’s best to keep in mind that increased leverage is higher with this type of trading.
Contract trading allows you to buy preset quantities of goods in the market at a predetermined price, date, and place in the future. This type of trading enables traders to borrow money to initiate trades with higher margins than they would otherwise be able to.
XT.COM has developed a financial tool called the exchange-traded fund or ETF and uses derivatives and loans to boost the value of the underlying token.
Since XT.COM always adheres to customers’ wants and needs, their website offers different pages for their different types of trading that will help users navigate through concepts that they are not familiar with and in return, kickstart their crypto journey.
Fees of XT.COM
Just like with other cryptocurrency exchanges, XT.COM also comes with different fees that users have to pay to keep the platform up and running. Here’s an in-depth explanation of the site’s fees:
The only method to get your fiat money from the exchange is to trade your BTC for fiat. If you do this, you’ll have to use the services of a third-party merchant like Banxa to complete your purchase.
XT.com’s crypto withdrawal fees, on the other hand, are not predetermined and vary for each coin. Certain cryptocurrencies don’t charge a fee, which is a nice perk. On top of that, paying to send BTC or ETH to your wallet from XT.com is free.
If you happen to be the type of person who likes to have an exchange platform that charges little to no fees, then XT.COM is the perfect place for you. This exchange does not have any fee for crypto deposits. Just keep in mind that it still may vary depending on the payment method you use:
- Banxa charges for VISA/MasterCard and Apple Pay: 1.96%
- Mercuryo charges on all available methods: 3.8%
- Simplex charges: Varies
- Advcash charges for VISA/Mastercard: Varies.
Important features of XT.COM worth knowing
Different features set XT.COM apart from other crypto exchanges. These tools are available for people to use and have a user-friendly interface.
XT Labs is one of the vital features of the exchange and has more than 200 workers and seven sites across Asia.
Investing and providing services such as economic design, community management, partner outreach, social media management, and exchange platform to assist blockchain startups to develop their operations. These people help maintain the great functionality of the website to ensure that users have a seamless and secure experience.
With the PPS+ paradigm, XT Pool pays miners according to their hash rate. It charges 1% for mining. In addition, effective mining pools may ensure the network’s top-earning rate. Daily payment is made, with the mining pool covering the processing charge every 15:30.
To show their appreciation for our long-term consumers, XT.COM Listing seeks exceptional currency projects. To begin listing and purchasing high-quality tokens, you must pick XT and apply on their website.
XT.COM Referral program
Customer referrals are encouraged via XT’s referral programme, which enables consumers to send invitation links to friends and relatives who have not yet joined XT. Following the acceptance of the invitation by a friend, a promotion of commission will be placed immediately.
Why choose XT.COM?
Most exchange platforms would just give users the option to buy, trade and sell crypto, however, XT.COM goes beyond what most people would expect. They offer different features that make the experience more engaging and entertaining.
High-Performance Matching Engine
XT.COM uses a high-performance matching engine that enables users to have fast and secure transactions. Therefore, you don’t have to worry about having any delays on your trades since this platform handles about 3 million transactions per second concurrently.
There’s no doubt that crypto concepts can be confusing and challenging to understand, which is why XT.COM offers a customer support program that helps users navigate the site and answer their queries.
Their website offers a FAQ section that may answer most of your queries. In addition, they also feature live chat support, wherein you may talk to a live agent and raise your concerns. Furthermore, you can also send a ticket to their email if you wish to have urgent problems resolved.
Everybody wants a user-friendly platform that enables them to access the exchange anywhere and everywhere. XT.COM has a mobile application that has most of the features its website has. Therefore, you don’t have to worry about missing out on all your crypto transactions since XT.COM gives you the liberty to use the exchange on the go.