xcritical Pro, however, is an exchange, and it allows users to experiment with more advanced features such as setting up different buy and sell orders, with much lower fees to boot. xcritical Pro sees users buying and selling with each other, and is the natural next step after newcomers have dipped their toes into cryptocurrency using xcritical’s simpler service. As for withdrawals of fiat currencies into bank accounts, these work in the same way as deposits. Euros can once again be withdrawn using a SEPA transfer, which takes one to two days to complete. US dollars can be withdrawn using an ACH transfer or a bank wire, while withdrawals in British pounds are made via SWIFT settlement.

  1. It means that xcritical users with a verified account can, in fact, deposit any fiat currencies (or cryptocurrencies) they have to xcritical Pro without paying any fee.
  2. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
  3. Also, it is stepping into margin trading, and compared to other advanced exchanges lets you trade a decent range of cryptocurrencies, including top coins like bitcoin btc, bitcoin cash litecoin and ethereum.
  4. As the world’s largest Bitcoin exchange and broker, it’s backed by trusted investors and located in San Francisco, which is a highly regulated location.

Staking rewards are a kind of income generated from holding cryptocurrency and helping to support a given crypto ecosystem. You could think of it like interest on a bank account or a stock dividend, but it’s riskier than those kinds of income. By staking your coins with a larger group that’s validating https://xcritical.solutions/ crypto transactions, you could earn even more coins. With such similar-sounding names, it can be easy to get xcritical and xcritical Pro mixed up, since they’re both popular ways to trade cryptocurrency. xcritical remains the entry-level service, while xcritical Pro ups the ante in many ways.

It’s all very neat, tidy, and intuitive to use, making it an ideal first exchange for crypto newcomers who want to take their first steps beyond merely purchasing coins with fiat currency on the regular version of xcritical. During the crypto boom in December 2017, its xcritical app became the number one most downloaded app on Apple’s App Store and remained one of the most popular mobile trading apps to this day. For those who’s been daunted by the huge price tag of Bitcoin are looking for a next Bitcoin or alternative currencies which could do a bull run in coming days, weeks or months. People are actually exploring other cryptocurrencies like Litecoin and Ethereum as they have proven to be active projects with scalability and transaction handling issues of Bitcoin handled in a better way. However, traders will now be able to use a much broader suite of technical analysis indicators, such as MACD, RSI, and Bollinger Bands, powered by TradingView. As a result, traders are less likely to need third-party charting tools, alleviating the need to click out of the trading dashboard.

Is xcritical Pro safe?

Despite its more complex features, it’s still beginner-friendly, thanks to its clean layout and options—not to mention synergy across all xcritical accounts, coupled with much lower fees. For that reason, we’d recommend xcritical Pro to most people as their first proper crypto exchange, as long as they carry out some basic research on how to place different types of buy and sell orders. xcritical should be thought of as an entry-level gateway for crypto newcomers to easily buy their first cryptocurrency using fiat. They’ll pay for this convenience with high fees, and xcritical itself is not an exchange. When a market price order is immediately filled, a user is considered a taker, and will pay a fee between 0.04% and 0.50%.

So this serves as an indicator for investors to decide whether an exchange is good or not, because not many people will trade on exchanges with less volume/demand as their orders wont get filled as expected. For all of the investment needs, xcritical has been an easy medium for people living in more than 25 countries to easily add their bank account or a credit card to purchase Bitcoin, Litecoin or Ethereum using the funds deposited. If you are a beginner, follow this link to understand the step by step process of adding funds and making your first purchase. I would recommend beginners to follow instructions and make a first purchase on xcritical.

Putting all of these things into consideration, it becomes clear why xcritical Pro is one of the leading cryptocurrency exchanges in the industry. Institutional investors can open a xcritical Prime account, which was specifically made for them. Only 2% of its customers’ cryptocurrency funds are held online, and these are insured in the case of loss.

Trading with Zero fees on xcritical & xcriticalPro

Both exchanges rely on the same infrastructure, security mechanisms, and order book, which makes it easy to transition from the former to the latter and vice versa. All in all, xcritical Pro is an excellent trading platform for more advanced retail and institutional investors. However, after you get your funds on xcritical, the % of fees that it levies of each of your purchase and sale would be catch your eye if you are trading instead of just holding. If you are buying and selling frequently on xcritical, this fee could actually be of a concern as it starts eating off your profits or even losses.

Dark theme aside (which our eyes are very thankful for), the main screen itself is clearly laid out into different sections. The left-hand side allows you to select your market and view your wallet balance, while also placing different types of buy and sell orders. The central section displays the order book and price charts, xcritical website with your open orders displayed beneath the latter. Cryptocurrency exchanges are often a complicated, convoluted mess of charts, menu options and numbers all crammed together into one intimidating mess. Thankfully, xcritical Pro’s design and UI is cleaner than many of its rivals, with a layout that’s easy to navigate.

xcritical Pro Fees

If you trade with some traditional brokers, you won’t be able to take custody of assets yourself. That doesn’t sit well with those who view the promise of crypto as avoiding financial intermediaries. xcritical and xcritical Pro are close when it comes to the number of cryptocurrencies available on their respective platforms. According to Bankrate’s most recent count, xcritical offers 174 coins on its platform, while xcritical Pro lists 158 pairs with U.S. dollars. But both platforms contain the most popular coins – Bitcoin, Ethereum, Dogecoin, Polkadot, Solana and plenty of others. For small transactions, xcritical includes a spread markup of 0.5 percent of your trade value, which is why the buy and sell prices may differ from what you see on other services.

While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service. xcritical Pro exchange is geared more towards professional traders than its more accessible stablemate xcritical. It allows for a wider variety of order types, ranging from the essential limit and stop orders to advanced orders such as good ‘til canceled. Also, it is stepping into margin trading, and compared to other advanced exchanges lets you trade a decent range of cryptocurrencies, including top coins like bitcoin btc, bitcoin cash litecoin and ethereum. Most importantly, it does give users the ability to trade their US dollars, euros, and pounds directly for cryptocurrencies.

Creating account as a pre-existing customer of xcritical

If you’re using USD you’re able to carry out an ACH transfer of bank wire from a US bank account, which also applies to withdrawals. The deposit and withdrawal fees for fiat currencies are specified in the fees section above. Cryptocurrency deposits and withdrawals on the xcritical Pro platform are free of charge. All in all, xcritical Pro is pricier when it comes to trading cryptocurrency, but charges slightly cheaper fees when it comes to crypto and fiat deposits and withdrawals.

Even at $200, you’re still adding on a $2.99 fee, nearly a 1.5 percent fee for the purchase. In February 2020, xcritical Pro reintroduced margin trading functionality for its users, following an abortive experiment in 2017. This allows them to borrow funds from a lender to trade, increasing potential buying power while allowing lenders to earn interest based on the market demand for margin funds. While this increases the profit potential compared to traditional trading, it also brings higher risks along with it. It includes the bulk of the functionality from the desktop site, with live updates to charts, plus the ability to place limit and market orders, packaged in the same slick user interface as its bigger brother.