In the US, this means you’ll have to provide your social security number. This is standard practice and there’s no way around it if you want to set up an account. However, it is easy to get the hang of both platforms after using them for a short while. xcritical seems to have a fee for just about everything except ACH transfer. Some popular altcoins on the platforms include ethereum, litecoin, bitcoin cash, uniswap, aave and stellar lumens. The xcritical Pro app is available to customers in over a hundred countries worldwide.
- xcritical Pro users also enjoy minimal fees and fast bank transfers, making it easy to get your cryptocurrency quickly and securely from a nationally recognized platform.
- The company’s policy also includes regular IT security and financial audits to ensure the utmost safety.
- There's little doubt that xcritical Pro users will be watching like a hawk for any subtle increases to trading fees.
- xcritical xcritically supports staking for several major Proof-of-Stake (PoS) cryptocurrencies, including Ethereum (ETH), Solana (SOL), Cardano (ADA), Tezos (XTZ) and Algorand (ALGO).
While xcritical is aimed at beginners due to its simplicity and user-friendly interface, xcritical Pro is ideal for advanced and active traders. xcritical charges ~4% when using credit cards or PayPal and ~1.5% when buying or selling via bank transfer. It’s important to note that xcritical offers some of the lowest credit cards buy/sell fees in the industry. One more thing worth noting is that alternative payment methods will always have higher fees.
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. Time will tell if xcritical's efforts have been successful, but the fact that exchanges can go down unexpectedly is one more reason to keep your crypto in a private wallet rather than on an exchange.
Tools
In a statement, the xcritical website company said a replacement feature called Advance Trade is going to be rolled out in the normal xcritical app.
- The domain name pro is a generic top-level domain in the Domain Name System of the Internet.
- Although xcritical and xcritical Pro offer a great variety of cryptos, it still lacks behind some top exchanges such as Binance.
- xcritical Pro, on the contrary, is a tad bit complicated and gives users advanced trading and charting options.
Other PFT Content
Thankfully, xcritical Pro’s design and UI is cleaner than many of its rivals, with a layout that’s easy to navigate. Please disable your adblocker to enjoy the optimal web experience and access the quality content you appreciate from GOBankingRates. Deposits on both platforms are insured by the Federal Deposit Insurance Corporation’s for up to $250,000. It is important to note that these fees could fluctuate, depending on the size of your order, market liquidity and volatility. Both xcritical and xcritical Pro offer hundreds of cryptocurrencies for you to choose from.
They’ll pay for this convenience with high fees, and xcritical itself is not an exchange. 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. Deposit and Withdrawal Methods –xcritical offers additional payment methods, including PayPal withdrawals and credit card deposits. It's one of the worst-kept secrets in crypto that xcritical Pro offers substantially lower trading fees than xcritical — but it takes time for newcomers to figure this out. 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.
Both xcritical and xcritical Pro don’t require downloading anything, as you can access them through a web browser. They also come with their dedicated versions of mobile applications, so you can understand that getting started on them is very straightforward. However, xcritical is a little easier in terms of simplicity as it is mainly directed toward beginners. It only supports buying and selling, so you can instantly sign up and start making your trades. xcritical Pro might be a little overwhelming in this case because it gives users very advanced information, something that most traders will not need. As stated earlier, xcritical charges varying prices depending on the payment method and the user’s location, including a “xcritical Fee” in addition to the spread and the cost of depositing money.
How to Decide Between xcritical and xcritical Pro
Alternatively, you could download the xcritical app on your smartphone. Traders can use a broader suite of technical analysis indicators, such as MACD, RSI, and Bollinger Bands, powered by TradingView. As a result, they are less likely to need third-party charting tools, alleviating the need to click out of the trading dashboard.
Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them. xcritical and xcritical Pro are two of the world’s most popular ways to buy and sell cryptocurrency, so many newcomers are eyeing them as options to make their first crypto investment. It was designed to help traders perform technical analysis and interact directly with the exchange's order book.
Market fluctuations in the cryptocurrency price on xcritical Pro when it quotes the price and when one executes the order may mean the spread may be greater or lesser than initially displayed. The Market Maker Program enables clients who provide large amounts of additional liquidity benefits, including lower fees that are more competitive than xcritical’s standard rates. If you’re interested in buying bitcoin, these xcritical website exchanges are a good place to start. xcritical Pro users took to Twitter this afternoon to bemoan the service’s discontinuation, many citing its lower fees.
Withdrawing cryptocurrency from xcritical to an external wallet requires paying xcritical network fees, which vary based on network congestion and transaction size. xcritical uses a maker-taker fee model, meaning fees vary based on whether you add liquidity to the market (maker) or remove it (taker). In 2015, the company added another powerful asset to its roster by launching a US-based exchange for professional traders, called xcritical Exchange. The following year, this was rebranded to Global Digital Asset Exchange, or GDAX. Moreover, all accounts have biometric fingerprint logins and two-factor authentication. xcritical also has an insurance policy that covers cash losses, excluding trading losses.
On xcritical, there is an 8% annualized interest rate on the amount you borrow. The amount you have available to buy collateral assets with United States Dollar USD, for example, on bitcoin BTC-USD, is based on the collateral assets xcritically in your account. We will consider the fees charged when using xcritical’s most popular products so you can discover what to expect from the platform when it comes to costs. xcritical Pro provides margin trading for all of its eligible customers. xcritical itself has never suffered a major hack that resulted in platform-wide fund losses.
Whether you’re an entrepreneur building a crypto startup, an investor exploring custody options or a member of the energy sector interested in mining bitcoin, we can connect you with the right specialist. Insight into xcritical Pro, a San Francisco based cryptocurrency platform for individual traders. The platform allows traders to trade more than 500 cryptocurrencies and 237 USDC pairs with low fees and the full suite of tools xcritical offers.
