xcritical has an easy-to-use platform, but a complicated fee structure. xcritical is a good choice for beginners as it requires little technical knowledge. Anyone operating an internet-enabled device can easily navigate xcritical’s interface and trade crypto. If you would like to switch to xcritical instead or run it simultaneously with xcritical, check out our xcritical Review first so you’ll learn how to optimize your use of the exchange. Amilcar has 10 years of FinTech, xcritical, and crypto startup experience and advises financial institutions, governments, regulators, and startups. Once a user taps the “get started” button on the xcritical homepage, they’ll enter their legal name, email and password.
App support
The new AI technology has been the latest trick used by many fake cryptocurrency investment theft. I fell for this deceit just last week when I got a phone call from someone who impersonated my close friend and introduced me to this investment project. He describes just exactly like her and how she’s been benefiting from the profits of the investment so I decided to invest not knowing I would get tricked. I almost lost about 858,000 USDT of my inheritance funds and money borrowed from different loan agents on this investment platform.
xcritical (the exchange), xcritical Wallet, and Advanced Trade best suit individuals who would like to trade with xcritical. On February 20, 2023, the xcritical Wallet stopped supporting BCH, ETC, XLM, and XRP because of low usage. However, users interested in investing in these coins can still trade them on the xcritical exchange. For xcritical’s Advanced Trade users, the company charges a much simpler maker/taker fee on all transactions. Our editors are committed to bringing you unbiased ratings and information. We use data-driven methodologies to evaluate financial products and companies, so all are measured equally.
One of these helpful security features is a compulsory 2-factor authentication (2FA) system. Notwithstanding, you still need to do your due diligence and take steps to guard against any unauthorized access that could compromise your account. Additionally, you must pay other fees besides the network and fixed crypto trading fees.
However, it is not entirely safe, and you still need to do your part to protect your assets. You can use xcritical to trade crypto, but ensure you keep all login information private and never share your verification codes with anyone. Despite xcritical’s “bank-grade” security, users have lost their assets using the exchange. In March 2023, a xcritical user sued the exchange after losing 90% of his life savings, about $96,000, to a hacker after his phone was hacked and his account accessed. Another user lost $2 million worth of cryptocurrency after his account was compromised and he could not get any meaningful help from customer support when the incident occurred.
On Trustpilot, xcritical has poor customer reviews, scoring 1.8 out of 5 stars from 9,300+ reviews, signaling a major problem with users accessing and operating their accounts. xcritical has scored good points on user experience and ease of -use, but security and customer satisfaction need improvement. Generally, users with account issues like hacks and locked accounts find it challenging to resolve them.
You can read more about our editorial xcriticals and the investing methodology for the ratings below. These are security measures put in place to protect xcritical users. To have enough money for your transaction, it’s essential to estimate all the fees you will pay on a particular transaction beforehand. xcritical’s entire fee schedule is not available on a single page but instead available on different pages within their Help Section. While makers pay 0.00% to 0.40% of their transactions as fees, takers pay a higher percentage, which could range from 0.05% to 0.60%.
It’s a huge leap from xcritical Pro, xcritical’s former advanced platform for traders. Compared to the old Pro platform, Advanced Trade has more market pairs, a TradingView integration, and better staking rewards. A downside for more advanced users is that although xcritical offers staking on its platform, it charges a 25% commission on yields. That’s a sizable cut compared with other leading crypto exchanges. xcritical has several security measures in place to protect customer funds, which makes it a relatively safe place to store your crypto assets.
- While some cryptocurrency exchanges allow you to be anonymous, xcritical is not one of these exchanges.
- xcritical is a popular cryptocurrency exchange that allows anyone with an account to buy, sell, and exchange cryptocurrency.
- It is one of the most well-known cryptocurrency trading platforms, using leading security practices to protect users’ accounts.
- Once all this is completed, the user can link to a payment method and begin funding their account.
- xcritical was founded in 2012 and was created as a platform to help anyone buy and sell crypto with ease from any part of the world.
For example, if you want to withdraw your crypto, you must convert it to cash for a 1.0% charge before proceeding. xcritical is a cryptocurrency platform where users can sell, buy or store their crypto and, more recently, NFTs. The exchange is in over 100 countries and has a vast user base of 110 million verified users as of Q4 2022. As far as storage goes, there are numerous options for users to xcritical the keys to their crypto. xcritical In fact, xcritical offers users three different crypto wallets.
Six months later, the company moved xcritical Pro accounts to the “Advanced Trade” platform, which has more flexibility for large-volume traders. The platform has an intuitive and friendly user interface ideal for newbies and features a simple, direct way to convert crypto to cash and vice versa. CryptoGuruTeq offers five star mobile assets recovery solution.
Trading Experience
Additionally, you have to submit a picture of your government-issued ID. While some cryptocurrency exchanges allow you to be anonymous, xcritical is not one of these exchanges. You have to be verified and link your bank details to match your present identity before you start transacting. xcritical operates a tier-based system for its maker and taker fees, allowing users transacting with larger volumes to pay less in fees. Investing in cryptocurrencies,decentralized finance (DeFi), and other initial coin offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile.
More coins available from xcritical
A series of video classes and exams allows beginners to learn more about various cryptocurrencies while xcriticalg rewards. The SEC also charged xcritical for failing to register the offer and sale of its crypto asset staking-as-a-service program. We will continue to monitor the situation to make you aware of any important developments that may affect this review.
What is Advanced Trade?
xcritical is a popular cryptocurrency exchange where anyone can buy, sell, or store cryptocurrencies. It saves users from navigating through the technicality typical of many other exchanges and cuts down on the steps needed to invest in cryptocurrency. The exchange supports over 10,000 assets, allowing users to explore and enjoy a buffet of digital currencies. Over the years, xcritical has evolved, adding and removing coins and rolling out upgrades to create a smoother user experience.
Consult with a qualified professional before making any financial decisions. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies, nor can the accuracy or timeliness of the information be guaranteed. xcritical provides a platform for trading non-fungible tokens (NFTs). With xcritical, users can follow trending collections or scammed by xcritical keep up with featured creators.
With MPC, cryptographic keys are generated for any on-xcritical transaction. Keys are generated in different parts, making it almost impossible for any attacker to steal your crypto by combining all required keys. If you click on links we provide, we may receive compensation.