In a world where crypto exchanges seem to spring up overnight, finding one that truly stands out is no easy task. XT.com is an exchange that promises to be a comprehensive solution for traders, combining everything from spot trading to futures, staking, and even crypto-backed loans.
The platform was established in 2018 and has quickly become one of the prominent names in the global cryptocurrency market. With operation centers in Seychelles, Europe and other countries and regions, it offers a comprehensive suite of features for users all around the world.
XT.com supports over 800 cryptocurrencies and 1,000 trading pairs, allowing traders to access both well-known tokens like
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
What is ENS? Ethereum Name Service Explained (ANIMATED)
However, trading cryptocurrencies is just one aspect of what XT.com offers. Beyond spot trading, it has expanded its services to include margin trading, futures trading, ETFs, and passive earning options like staking. Let's talk about all its features in more detail.
Advanced Trading Options: Margin, Futures, and ETFs
One of XT.com’s key strengths is its variety of trading types. For those looking to enhance their positions, the platform offers margin trading with up to 20x leverage. This allows users to borrow funds to take larger positions than they could with their own capital, although with significantly higher risks.
Additionally, XT.com provides futures trading, where traders can speculate on the future price of cryptocurrencies with leverage as high as 125x on certain assets.
Besides that, XT.com also offers ETF trading, including leveraged and inverse ETFs, which allow users to take advantage of price fluctuations without holding the underlying assets directly. This is a unique feature in the crypto space and offers a simplified way for traders to speculate on market movements with built-in leverage.
Passive Income Through Simple Earn
For users who want to earn passive income, XT.com’s Simple Earn program is an appealing option. The platform offers staking, saving, and hashrate mining mechanisms.
Additionally, the exchange's advanced investment tools, like Shark Fin and Dual Investment, allow users to optimize returns based on market movements, offering structured products that balance risk and reward for more experienced investors.
Innovation in Copy Trading and Loans
XT.com also sets itself apart with some features that are not seen on all exchanges, including copy trading and crypto-backed loans.
For those new to crypto or lacking the time to actively manage trades, copy trading allows them to follow and automatically replicate the trades of more experienced traders. This feature is available for both spot and futures markets, making it accessible for traders with varying risk tolerances.
The crypto loan service provides another layer of financial flexibility. Users can borrow funds using their crypto holdings as collateral, which is particularly useful for those needing liquidity without wanting to sell their assets.
Security, Usability, and Global Reach
When it comes to security, XT.com has implemented industry-standard features like two-factor authentication (2FA) and cold storage for most user assets. Plus, it even has a dedicated security team and conducts regular security audits, helping to maintain a secure trading environment for users.
Besides, XT.com is quite user-friendly, with a simple onboarding process. Signing up is straightforward:
- Click “Sign Up”.
- Enter your email address or phone number and create a password.
- Complete the account verification by entering a code sent via email or SMS.
- Enable 2FA for enhanced security.
If you want higher withdrawal limits and access to more features, also complete the Know Your Customer (KYC) process (though you can start without it with lower limits and fewer features).
By the way, the platform’s global presence is also a noteworthy feature. With users in over 100 countries and support for multiple languages, XT.com caters to a broad international audience. It’s particularly focused on accessibility, offering a mobile app for traders on the go and a web-based platform for desktop users.
Summing things up, XT.com positions itself as a comprehensive platform for all types of crypto traders. Its combination of wide asset variety, passive income options, and other features like copy trading and crypto loans make it stand out in a crowded space.
However, like any exchange, it comes with its risks, especially when dealing with leveraged products. New users should approach features like margin and futures trading with caution and take advantage of BitDegree's tutorials before diving in.
