XT Exchange is a centralized platform launched in July 2018. It is registered in Seychelles and headquartered in Hong Kong. There are also some operation centers in other countries, including Japan, Singapore, South Korea, and Spain. The website is multilingual. It is available in Chinese, Japanese, English, and Korean. The exchange is compatible with iOS, Android, Mac, and Windows.
The platform positions itself as the world’s first social infused exchange. This means that much attention is paid to creating communicative connections with the project’s supporters. Users have an opportunity to chat in communities to investigate the market trends of investments. In XT communities, users examine valuable coins together. There are English, Russian, Filipino, Chinese, Japanese, Vietnamese, Korean, Indian, African, Spanish, and Malaysian communities in Telegram where community members have a chance to talk to each other in their native languages. The participation of mainland China citizens is not allowed.
XT Exchange supports over 100 tokens and 300 trading pairs. The platform offers various options and tools to its users: OTC transactions, margin trading, perpetual contract, quanto futures contracts, and cryptocurrency derivatives trading.
Users can receive trial funds in USDT for some activities on the platform. They can be obtained for joining the community, inviting friends, active trading, etc. Trial funds cannot be withdrawn and they can be used as a trading margin only.
XT Exchange allows buying crypto with debit/credit cards which is very convenient for newcomers to the cryptocurrency world. The platform cooperates with Banxa, a digital banking infrastructure provider that gives a fiat gateway to numerous crypto exchanges. At the time of writing, the platform supports 14 fiat currencies including AUD, GBP, EUR, USD, and CAD. It is possible to buy 6 mainstream coins directly: BTC, ETH, USDT, LINK, LTC, XRP.
XT Exchange fees
There are no deposit fees on the platform. Spot Trading Fee Rate is different for makers and takers and depends on the users’ level. The level depends on the 30-day BTC volume with 6 user levels available in total. The highest makers’ and takers’ fees are 0.05% and 0.2% respectively. The lowest fees are 0.005% for makers and 0.02% for takers. Withdrawal fees and limits depend on a certain coin.
XT Exchange programs
The exchange offers several programs to stimulate their users’ activity and loyalty.
According to the program Super Partner, users are offered to invite their friends to the platform. If newcomers join the spot and contract trading, the inviters win the high commission. The invitee should register via an exclusive referral link.
If it comes to spot trading, the partner commission ratio is calculated according to the partner's level. There are six levels that depend on the number of valid users and 30-day minimum trading volume (BTC). The partners with the highest level can expect up to 90% off as a trading fee discount.
The Star Project program is dedicated to recruiting XT Super Nodes. XT Super Node is an exclusive partner within the XT.com ecosystem.
There are three levels of such partners: Basic Node, Super Node A, and Super Node B. There are different ways to participate as a Super Node: to hold 10,000 XT tokens, to refer an appropriate project to be listed at XT.com, to buy tokens of any project at the amount exceeding 100,000 USDT through the community members, or to hold total digital assets equivalent to more than 500,000 USDT.
The XT Super Nodes provide certain benefits to their owners. There are transaction service charges, commission refund, rewards for referral projects, free listing, airdrop and community benefits, and annual dividend. Not only XT token holders have a right to participate in this program, though users need at least 10,000 XT tokens to achieve the top levels.
Special features of the XT Exchange
Apart from trading, XT Exchange offers its users a few other services. These are XT Pool, XT Launchpad, and Listing.
XT Pool is a mining pool for ETH that adopts the PPS+ model. It is safe and professional and provides income distribution according to the hashrate of the miners. The mining fee is 1%. XT LaunchPad is designed to help new projects to find their place in the crypto world. As for listing on the platform, all the qualified projects are welcome to introduce their tokens to the platform.
XT.com Token (XT) is an ERC-20 native project’s token. Its total supply is 1 billion with no additional issuance forever. It is traded only on the XT Exchange and gives some rights to its owners within the XT community.
SXC (Stable XT Cash) is another native coin mentioned on the website. This is an ERC-20 token and it is used in the form of a cryptocurrency mortgage. 1 SXC equals 1 CNY.
XT team and partners
XT Exchange is a part of XT Group, a big international holding that contributes much to the digital finance industry. It was founded by ZB.com and FIBTC LTD. The information on the team members can be easily found on LinkedIn.
Weber Woo is the CEO and co-founder of the project. He lives in Shanghai (China) and he graduated from Shanghai Jiao Tong University. He entered the world of blockchain in 2013 and started mining in 2014. Ada Too is another co-founder. Prior to XT Exchange, she worked in Bosch (China) Investment Ltd. Tiffany Ye is the Global Business Development Director. She graduated from the University of California, Los Angeles.
The list of partners includes a great number of industry influencers and top players: MyToken, AIcoin, Cobak, WXY, BiYong, etc.