There are hundreds of cryptocurrency exchanges offering the same services - crypto and virtual asset trading - making choosing the ideal platform a challenge. The search for the safest and easy-to-use exchange is complicated by malicious actors posing as exchange operators to steal funds. If you want to know whether XT Exchange is a safe platform or whether it can meet your trading needs, this short overview is for you.

XT Exchange Overview

XT Exchange is a custodial/centralized cryptocurrency and digital asset trading platform established in 2018 and regulated by the Seychelles financial authorities. Although it has a Seychelles registration, it has a global presence.

The exchange supports over 10 languages and multiple fiat currencies. It also has social media pages in over 15 languages, further cementing its global availability. XT Exchange boasts more than seven million users as of June 2024. It considers itself a “social-infused trading platform” meaning that it takes pride in its community’s well-being.

Products and Services on Offer

XT Exchange focuses on being a one-stop shop for everything cryptocurrency and virtual assets. As such, it supports spot, futures, exchange-traded fund (ETF), and index crypto trading as well as non-fungible token (NFT) trading. The NFT wing has valuable collectibles like those from the Bored Ape Yacht Club (BAYC) collection.

The trading platform offers other innovative services like savings, staking, hash rate mining, and shark fin that help users generate passive income. Other products like an elaborate partner program reward existing users for inviting friends.

Customer Service, User Interface, and Supported Coins

XT Exchange provides an easy-to-access customer service desk that is available 24/7. Apart from reaching the desk using official, and active, social media pages across over 10 platforms, you can also get in touch through their official email address, support@xt.com. 

The crypto trading avenue has an intuitive user interface making it easy to access different products and services. XT Exchange supports more than 800 coins and 1,000 trading pairs.

Security and Fees

XT Exchange uses top-of-the-range security protocols to keep hackers away. It has even introduced a bug bounty program that rewards hackers and security researchers who can find a weakness in its software.

The exchange charges relatively low fees compared to other exchanges. It also makes it easy for users to climb the VIP ladder compared to other exchanges. To get to VIP5, for example, you need a 30-day trading volume equivalent to $150,000, while Bybit requires a volume of $25 million to attain the same level. 

The higher the VIP level, the lower the lower the trading fees. It does not charge a fee on crypto deposits, while withdrawal fees vary depending on the status of individual blockchains.

Conclusion

XT Exchange is among the safest and most transparent cryptocurrency exchanges available today. With an easy-to-use interface, over 1,000 trading pairs, and support for the trading of multiple products like NFTs, spot, and derivatives, it accommodates both beginners and experienced virtual asset traders. Its low fees further appeal to traders looking to increase their profit margins.