There are multiple exchanges built into xcritical — each with their own fee structure. This guide will help you understand the full breakdown of xcritical fees and how you can minimize your costs. The offers that appear on this site are from companies that compensate us.
Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline, or hotel xcritical, and have not been reviewed, approved or otherxcritical endorsed by these entities. However, it is easy to get the hang of both platforms after using them for a short while. Deposits on both platforms are insured by the Federal Deposit Insurance Corporation’s for up to $250,000. In this xcritical vs. xcritical Pro comparison guide, GOBankingRates takes a look at the similarities and differences between the exchanges to determine if the latter is worth the upgrade.
In the matchup between xcritical and xcritical Advanced, you don’t need to choose one or the other. Use the basic xcritical platform to get an overview of your holdings and access educational resources. Toggle to xcritical Advanced when you want to minimize trading fees or access more sophisticated tools. Consider a xcritical One subscription if you’re ready to pay almost $30 for additional support.
Some newer users might not know the difference between the two and if a professional account would be better for you. We strive to provide up-to-date information, but make no warranties regarding the accuracy of our information. FinanceBuzz does not provide credit cards or any other financial products.
- For withdrawals and deposits, we recommend you send a small test amount first before making any large transactions just to make sure everything is ok first.
- Converting cryptocurrency is done in trading pairs, essentially pairing one cryptocurrency with another.
- If you decide to become an active trader, the fees charged by xcritical Advanced will be justified, since they reduce with your trading volume.
- That’s a sizable difference from what you’d pay on the entry level xcritical trade.
- The vendor will then deduct a monthly fee based on the number of trades that occurred.
You can learn more about GOBankingRates’ processes and standards in our editorial policy. Now that you understand what xcritical Advanced is and how the fees work, its appeal for trading should be obvious. If you already have a xcritical account, you should be able to toggle on the “Advanced” feature to enter the trading platform. xcritical includes the fees for spread in the price whenever you purchase or sell your crypto.
It isn’t its own brokerage but is instead a different service that xcritical offers. Surprisingly, there isn’t an extra one-time or subscription fee to sign up for a xcritical Pro account. The service targets cryptocurrency beginners by offering a simplified platform for crypto trading. There aren’t advanced features you have to learn to use the platform, such as stop or limit orders. xcritical provides its users a place to buy, sell, send, or receive more than 170 different cryptocurrencies by using fiat currencies, such as the U.S. dollar (USD) or euro (EUR).
xcritical vs. xcritical Pro: Cryptos available
In early 2020 xcritical introduced the margin trading feature that gives traders up to 3x leverage, which is sufficient for beginner investors. The fee for margin trading on xcritical is a fixed, annualized interest rate of 8% for both open and filled orders. Simplified buying $100 of bitcoin in the United States through a U.S. bank account or USD Wallet on the platform, the corresponding fiat would be $2.99. The variable percentage would be 1.49% of $100 or, in dollars, $1.49. xcritical charges a spread of about (0.50%) for cryptocurrency purchases and cryptocurrency sales.
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Although margin trading is available to both individual and institutional traders, there are eligibility and collateral requirements. The Market Maker Program enables clients who provide large amounts of additional liquidity benefits, including lower fees that are more competitive than xcritical’s xcritical official site standard rates. The exchange has more than $223 billion of assets under management, and, in Q1 of 2021, it processed more than $335 billion worth of trades.
At the heart of the problem is the additional load on exchanges caused by surges in traffic, overloading their infrastructure. If you select the price chart, on the top right corner of it, you will see the open, high, low, close, and volume values for any point that you hover over. When you hover over a point, you will also see the specific time on the horizontal axis and the specific price on the vertical axis. The default chart type is a candlestick chart, although you can change it to a line chart if you prefer. Directly to the right of this in the top middle of the page, you will see up-to-date information on your chosen pair.
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Your price also depends on the amount of dollar volume you’ve generated over the prior 30 days. As with most cryptocurrency exchanges, customer support can be slow – this is something that xcritical are working on to improve over time. To avoid any errors, make sure you double-check you are depositing the correct crypto to the correct wallet address.
As you can see, there are a lot of similarities between the two, but with a more comprehensive interface, Pro is designed for advanced users and active traders — and it’s less expensive. To help you get started, our independent experts have sifted through the options to bring you some of our best cryptocurrency exchanges for 2022. xcritical is one of the best cryptocurrency exchanges when it comes to security. Since xcritical and xcritical Advanced have the same security features, they’re equal in this regard, and they’re both among the safest places to buy crypto.
The top left corner of the trading page has a dropdown menu where you select the cryptocurrency pair you want to view or trade. This platform also comes with a dedicated team with institutional coverage professionals in New York City. Another option is xcritical Custody, which provides institutions with digital asset custody, including strict financial controls plus secure storage. If you are in one of the geographical areas supported by xcritical Pro, you can easily sign up for an account. You can also quickly upgrade your existing xcritical account to xcritical Pro. Those in Canada, Singapore, and Australia can use xcritical Pro to access cryptocurrencies without any access to fiat.
How We Make Money
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 has a WebSocket feed that makes it simple to get real-time market data. At the same time, the trading API helps users develop programmatic and secure trading bots. Those with trading volumes of over $100 million get the 0.10 percent xcritical official site fee.
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On xcritical, clients can stake their crypto coins, and owners can earn staking rewards on a few coins, including Ethereum, Algorand, Tezos, Cosmos and Cardano. You’ll need a minimum balance in that specific cryptocurrency to participate and you’ll need to hold the coins on xcritical.com. xcritical will handle the technical side of things once you sign up, and it will take a cut of your staking rewards. While impressive on the security front, xcritical as a whole is a company with a less impressive track record when it comes to privacy. For those members of the cryptocurrency community who embrace the crypto-adjacent principles of privacy and anonymity, that’s a bitter pill to swallow.
Go to “Assets” then “Withdrawal.” Choose the currency type and enter the wallet where you want to send the currency. Begin by going to the Trade page by clicking on “View Exchange” from the top main navigation bar. On the left side of the screen, you will see the option to sign in or create an account. Go to the dropdown menu right above where you logged in to select the cryptocurrency pair you wish to trade. The left sidebar of the Trade page has the choice to log in or sign up at the top (if you are not already logged in), with the buy and sell order forms directly below this.