XT.com Review 2025

Our Verdict

📌 Founded in 2018, XT.com is one of the largest non-KYC exchanges.

🔥 Derivatives trading is a key strength, with 400+ futures markets generating $40 billion+ in daily volume, outperforming Bybit, OKX, and Kraken.

🛠️ Offers a wide range of trading instruments, including spot, margin, futures, ETFs, and pre-market trading.

🤖 Supports copy trading, bot trading, crypto loans, and various staking products.

💰 Trading fees are slightly higher than Binance and Bybit but remain competitive.

🔐 Provides strong account security but lacks transparency on reserve data and security audits.

XT.com Pros and Cons

Is XT.com Right for You?

Traders have different needs: some prefer simple apps for quick trades, while others seek advanced tools like leverage or social trading. We classify traders into seven main groups and evaluate how well exchanges meet their needs. XT.com is not suited for DCA traders or social trading, as it lacks these features.

Here’s our verdict for other types of traders:

Supported Countries and Regions

XT.com accepts users from over 180 countries and regions, placing it on par with leading exchanges like Bybit, Bitget, and Kraken. However, it excludes users from several key locations, including the U.S., Canada, Cuba, North Korea, Singapore, Sudan, Syria, Venezuela, Indonesia, and Crimea.

While the platform’s global reach is impressive, the exclusion of users from major markets such as the U.S., Canada, and Singapore is a notable drawback, especially since competitors like Kraken and Coinbase cater to these regions.

XT.com Bonuses and Special Offers

Bonuses: XT.com features a rewards hub where it occasionally hosts special online events that reward participants with bonuses or trial funds. However, at the time of writing, no active promotions were available.

Referral Program: XT.com offers a referral program in which users can earn a 20% commission on the trading fees paid by their referrals. While functional, this commission split is lower compared to industry leaders like Binance and Bybit, which offer 40% and 30% commissions, respectively. This could potentially make XT.com’s program less attractive for frequent referrers.

XT.com Background

Establishment: XT.com was founded in 2018 and is registered in Seychelles. The platform operates globally, with operations centers located in several countries to support its expansive user base.

Leadership: XT.com has not publicly disclosed its founders or detailed its current leadership structure, a lack of transparency that could raise concerns for some users. Knowing who leads an exchange is crucial for building trust and confidence among users, and in this regard, XT.com falls short compared to competitors like Binance and Bybit, which are fully transparent about their leadership teams.

While sources like Crunchbase and CoinMarketCap list Albin Warin as CEO and Weber Woo as a co-founder, discrepancies exist. Albin’s LinkedIn profile does not mention any affiliation with XT.com, while Weber Woo’s LinkedIn states he has been an advisor to XT.com since December 2017, but does not explicitly list him as a co-founder.

Security & Transparency

Proof of Reserves

XT.com has made its reserves for BTC, ETH, and USDT/AUSDT publicly available, including associated wallet addresses. However, the platform does not disclose the total amount of customer deposits or its reserve ratio, making it impossible to verify whether the published reserves fully cover customer assets. Additionally, the reserve data is updated annually, and at the time of writing, the most recent data is already 10 months old.

This approach to Proof of Reserves is notably less transparent compared to leading exchanges like Binance, Bitget, and Bybit, which provide comprehensive details on user assets held alongside platform reserves. These platforms calculate and publish exact reserve ratios, while XT.com’s lack of transparency in this area is a significant drawback for users prioritizing accountability and trust.

Account Security

XT.com provides various industry-standard security features designed to help users safeguard their accounts. These include two-factor authentication (2FA), biometric passkeys, withdrawal whitelists, and anti-phishing codes.

In my testing, I set up 2FA using Google Authenticator and SMS, as well as biometric passkeys, which worked seamlessly on both mobile (via FaceID) and desktop (via TouchID). This was particularly notable, as I’ve encountered challenges with biometric authentication on desktop with several competing exchanges.

General Reliability

Deposit Insurance: XT.com does not provide any form of insurance coverage for user assets. While this is still uncommon across the industry, leading exchanges like Binance, Bitget, and Blofin have begun implementing self-insurance funds or third-party insurance solutions to enhance user asset protection. This lack of coverage places XT.com at a disadvantage compared to its more security-conscious competitors.

Bug Bounty Program: XT.com operates a bug bounty program through Hackenproof, offering rewards of up to $2,000 for identifying severe vulnerabilities. However, this amount falls well below the industry average of $5,000.

Corporate Communication Structure and Transparency: XT.com lacks transparency when it comes to its founders and leadership structure, with no official information available. This contrasts sharply with competitors like Binance, Kraken, and Bybit, which are fully open about their leadership and founding teams.

The exchange does maintain an active presence on major social media platforms like Twitter, Telegram, Discord, Reddit, LinkedIn, Youtube, Instagram, and Facebook.

Verified Trust Scores

XT.com has received mixed reviews from independent ranking platforms. These scores place XT.com behind leading competitors such as Binance and Bybit, both of which consistently achieve at least A ratings on Skynet and Cer.Live.

Know Your Customer (KYC)

XT.com is among the few remaining cryptocurrency exchanges that do not enforce mandatory KYC. Users can create accounts, deposit cryptocurrency, and start trading by providing only an email address. However, access to fiat-related services on the platform requires users to complete KYC verification.

I consider non-KYC exchanges suitable for traders who prefer not to disclose personal information and prioritize anonymity. However, there are some drawbacks to non-KYC exchanges like potential sanctions from regulatory authorities for non-compliance with Anti-Money Laundering (AML) regulations, a concern that could impact its long-term operational stability.

Is XT.com Safe to Trade With?

In summary, XT.com shows moderate trust and stability due to limited reserve transparency, infrequent security audits, no deposit insurance, and a low-reward bug bounty program. The exchange was recently flagged by Dubai regulator, VARA, for unlicensed operations, becoming the first regulator to ban the exchange.

However, XT.com has strong points, including a history free of security breaches or customer fund losses. The optional KYC allows users to trade anonymously, though it may expose the platform to AML-related sanctions.

Trading Experience

Trading Test

For our trading test, we thoroughly evaluated the XT.com platform. Our process included signing up, completing the KYC (Know Your Customer) verification, logging in, depositing funds, and making withdrawals. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. Here’s our detailed analysis:

Step 1: Setting Up and Funding Your Account

Registering on XT.com is simple. Users only need to provide an email address or phone number and set a password. However, the platform lacks support for third-party sign-ins using Google or Apple accounts.

KYC verification is optional on XT.com unless you plan to use fiat services. The platform accepts a variety of documents, including passports, driver’s licenses, and government-issued ID cards. During verification, XT.com requires users to upload a video of themselves reading a set of numbers, a unique security measure that some users may find inconvenient.

Depositing crypto is also straightforward. During testing, I transferred Litecoin over the Litecoin Network to my XT.com account. XT.com did not charge wallet creation fees or impose a minimum deposit amount. XT.com requires 6 confirmations for deposits and 18 for withdrawals, much higher than Binance and Bitget’s 3 confirmations. This caused my deposit to take 25 minutes, compared to under 10 minutes on Binance.

Unlike major exchanges such as Binance, Kraken, and Bybit, XT.com does not support direct fiat deposits. Instead, users must rely on integrated third-party payment providers to buy crypto with fiat.

Step 2: Trading

Trading on XT.com proved to be a seamless experience. The mobile interface was straightforward, allowing me to easily place a limit order to sell LTC for USDT. The order executed precisely at the trigger price, filling completely and incurring a trading fee of 0.078 USDT. While efficient, this fee was slightly higher compared to similar trades on exchanges like Binance.

Opening new positions was equally straightforward. I placed a market order to buy LTC, setting both a stop-loss and a take-profit level. During testing, the market was bullish, and my take-profit order triggered on time, effectively locking in my gains. The execution was smooth, and the order filled in full without any issues. This hassle-free trading experience highlights XT.com’s reliability, even during fast-moving market conditions.

Step 3: Withdrawal and Review

The last part of the trading test involved withdrawing the LTC over the Litecoin network. XT.com charged a network fee of 0.012 ($1.01), which is significantly higher than Binance’s 0.0001 LTC ($0.007) network fee. However, XT.com processed the withdrawal quickly and the funds started confirming in my Binance account within 5 minutes.

I also tested fiat withdrawals using XT.com’s integrated third-party payment providers. I initiated a transaction to sell LTC for USD, opting to have the funds sent directly to my debit card. While the exchange rate offered was less favorable compared to direct fiat withdrawals on other platforms, the process was impressively swift. The withdrawal was processed instantly, and the funds appeared in my account within just a few minutes.

Desktop Version

XT.com provides a robust desktop trading platform that includes access to all of its crypto products, including advanced tools for spot, margin, and derivatives trading. The platform caters to experienced traders with its wide range of features and sophisticated layout. However, the absence of a dedicated Lite Mode could be a drawback for beginners, as the multitude of options and tools might feel overwhelming.

Trading Interface

The desktop trading interface on XT.com mirrors the general layout of most leading exchanges. The price chart takes center stage while the order book, live trades, and order forms are positioned off to the side. Below the chart, users can view their open positions, pending orders, and order history. Integrated TradingView charting enhances the platform by providing a suite of industry-leading technical indicators and drawing tools.

While the familiarity of this layout makes it easier for users transitioning from other exchanges, the “advanced” design may prove intimidating for beginners. The constant influx of real-time updates and data can create a cluttered experience, making it difficult for beginners to navigate effectively.

Desktop Market Search

Switching between markets on XT.com’s desktop platform is quick and easy. Clicking the trading pair in the top left corner opens a dropdown menu with all available trading pairs. Users can filter these pairs by categories like Innovative Finance, SOL Ecosystem, or Memecoins, simplifying the search process for specific markets of interest.

Trade Navigation

The desktop platform’s order forms are intuitive and efficient, making it easy to place market or conditional orders. They share a consistent design with the mobile platform, ensuring a seamless transition for users who trade across both devices. This cohesive layout simplifies navigation and enhances the overall trading experience.

Margin & Derivatives Trading

XT.com offers a diverse selection of derivatives markets, including USDT-M and COIN-M perpetual and delivery futures. This is good to see, especially when compared to platforms like Blofin, which only provide USDT-M perpetual futures. By supporting both perpetual and delivery futures across multiple markets, XT.com caters to a broader range of trading strategies and preferences.

Spot margin trading: For those interested in leveraged trading without diving directly into futures, XT.com also provides spot margin trading. The platform offers up to 20x leverage on BTC, ETH, and XT, with leverage ranging from 3x to 10x for other tokens. However, one limitation is that the margin level is fixed and cannot be adjusted, which might be restrictive for traders seeking more control over their risk management.

Grid trading bot: XT.com features an integrated grid trading bot, allowing users to automate their trading strategies. These bots can be configured with a neutral bias for range-bound markets, a long bias for bullish conditions, or a short bias for bearish trends, making them versatile tools for various market scenarios.

As a trader who primarily trades futures, I found the experience on XT.com to be seamless and comparable to top platforms like Binance and Bybit. The platform’s high 24-hour trading volume of over $30 billion ensures stable and predictable pricing, minimizing the erratic price swings often seen on exchanges with lower liquidity. This liquidity, comparable to Bybit, OKX, and Bitget, further solidifies XT.com as a reliable choice for futures traders.

Conditional Orders

XT.com offers a range of different order options. However, it is somewhat limited compared to exchanges like Binance. Currently, XT.com offers the following order types:

• Market Order
• Limit Order
• Stop Loss
• Take ProfitStop Limit
• Trailing Stop
• Post Onl
• GTC (Good-till-Canceled)
• FOK (Fill-or-Kill)
• IOC (Immediate-or-Cancel)

One drawback of XT.com is the absence of advanced conditional order types such as TWAP, Iceberg, and Day Orders. While these are not the most commonly used, they are widely available on leading exchanges like Binance and Bybit.

My Key Takeaways After Testing XT.com Desktop

I found XT.com’s desktop platform to be an enjoyable platform to trade on, delivering an experience on par with industry leaders. As an experienced trader, several key features stood out to me:

• Support for Biometric Passkeys: there’s no need to enter your password every time
• TradingView Integration: Offering a wide array of technical indicators and drawing tools
• Availability of Spot Margin Trading

Despite these strengths, there are areas where XT.com could improve to match industry leaders. Introducing a Lite Mode tailored for beginners would significantly lower the barrier for new users. Furthermore, expanding the range of conditional order types would enable a broader range of trading strategies.

Mobile App

XT.com’s mobile app is available on both iOS and Android, but the iOS version is inaccessible in certain regions (e.g., the UK and Ireland), even though the exchange supports users there.. Once downloaded, the app performs seamlessly, providing a smooth trading experience even when away from a desktop setup.

Coin Search: The coin search feature enables users to quickly locate desired trading pairs. The search page highlights Top Searches, showcasing trending tokens, and Trending Earn, which displays assets offering the highest returns through staking.

Trading Features: The XT.com mobile app mirrors the desktop platform by offering access to the same trading instruments and staking products. The trading interface is almost identical across the mobile and desktop platforms, with consistent order form layouts that make transitioning between platforms easy.

However, one notable omission is TradingView charting, which means users miss out on advanced technical indicators and drawing tools. This limitation, however, is common across most exchanges’ mobile apps.

Market Discover: The Markets page is straightforward, listing tokens available for spot and futures trading. Similar to the desktop version, users can filter tokens by segments such as memecoins, SOL ecosystem, and BASE ecosystem. The homepage also categorizes tokens into sections like Hot Coins, New Coins, and Top Gainers/Losers.

Despite this functionality, the token discovery process falls short compared to exchanges like Bitget, which offer features like algorithm-based token breakout suggestions.

Watchlist Management: Adding tokens to a watchlist is quick and intuitive. Users can star tokens on individual pages or directly from the search page.

Quick Trade Execution: The mobile app allows for fast and efficient trade execution. Trades can be opened or closed with just a few clicks using order forms that feature a slider for allocating trade amounts. A confirmation screen previews the order before execution, though this can be disabled to expedite trading.

Price Alerts: XT.com offers a price alert system that allows users to set notifications based on specific criteria, such as:

• When the price reaches, increases to, or drops to a certain level.
• When the 24-hour price increase or decrease exceeds a specified percentage.

The app also sends push notifications when certain tokens reach key levels or move by certain percentages. However, I found this annoying, as it frequently sent alerts for tokens I had never searched for and had no interest in.

Portfolio Clarity: The portfolio overview page is more basic than those offered by competitors. It displays account balances across spot, margin, futures, and earn accounts but lacks visual tools like pie charts for token allocation or line graphs tracking balance changes over time.

My Key Takeaways After Testing XT.com on Mobile

The XT.com mobile app is a functional extension of the desktop platform, but, in my opinion, it lacks certain features to compete with rival exchanges. While reliable for managing trades, it could benefit from improvements like algorithm-driven token suggestions, visual tools for portfolio tracking, expanded price alert options, and a simplified Lite Mode for beginners.

With these refinements, the XT.com mobile app could transform into a more competitive and trader-friendly tool, aligning better with the expectations of both beginners and seasoned investors.

Fees

XT.com Spot Maker/Taker Fees

In our review of spot fees, we examine spot fees across three distinct tiers. Our focus is on the fees for different trading volumes. We spotlight the basics and the possible savings through native tokens and other discount schemes. We developed this method to ensure a clear look at the fee structures and savings avenues for traders of all experiences. Additionally, we compare these fees to industry standards to show how each exchange ranks in terms of affordability.

XT.com follows the standard Maker-Taker fee model with a tiered structure. Spot trading fees begin at 0.2% for both maker and taker orders, decreasing to as low as 0.02% for traders in the VIP Tier 12 bracket. While the tiered discounts are appealing, XT.com’s base spot trading fee is double that of leading exchanges like Binance, Bybit, and Bitget, all of which start at just 0.1%.

Deposit Fees

*payment facilitated by third-party payment provider

XT.com only facilitates deposits via third-party payment providers or P2P trading. This approach falls short when compared to top-tier exchanges like Kraken and Binance, which offer a wider range of direct fiat deposit options. On the positive side, crypto deposits on XT.com are free, with no additional wallet creation or deposit fees.

Withdrawal Fees

*payment facilitated by third-party payment provider

XT.com’s withdrawal options are similarly restricted, with fiat withdrawals again limited to third-party payment providers or P2P trading. This lack of direct fiat withdrawal support is a drawback, especially when many leading exchanges offer such features.

Although XT.com does not impose fees for crypto withdrawals, the network fee charged by the platform is notably higher than its competitors. For instance, during my testing, XT.com charged 0.01 LTC for withdrawals over the Litecoin Network, while Binance charged only 0.001 LTC for the same transaction.

Leverage and Futures Trading Fees

Margin Fees

Margin trading fees on XT.com match spot trading fees, with the only extra cost being the daily interest for borrowing assets. This interest accumulates for as long as the position remains open.

Interest rates vary depending on the asset, but for large-cap tokens like BTC, ETH, and SOL, the daily interest rate is typically 0.03%. This rate is significantly higher than competitors like Bitget, which charges a more favorable daily interest rate of 0.004% for BTC.

Futures Fees

XT.com’s futures trading fees use a Maker-Taker structure with tiered pricing for VIP users based on account balance or 30-day trading volume. The base fees are 0.04% for maker orders and 0.06% for taker orders, slightly higher than Binance’s 0.02% and 0.04%, respectively. While the difference seems small, it can add up for traders with large positions or high trading volumes.

XT.com Futures Trading Fee Structure

Fee Discounts

XT.com provides spot trading fee discounts to users who hold its native XT token and use it to pay for trading fees. This approach incentivizes holding XT tokens, as it allows users to benefit from a 25% reduction in spot trading fees. Additionally, VIP users can stack this discount on top of their existing fee reductions, making XT.com particularly appealing to active traders who prioritize minimizing their trading fees.

Are XT.com Fees Competitive?

While XT.com’s fee structure has strengths in terms of competitive trading fees and free crypto deposits, its reliance on third-party providers for fiat services and higher-than-average network fees for withdrawals are areas where it lags behind leading exchanges.

Although XT.com’s margin and futures fees are generally competitive, the higher daily interest rates for margin trading and marginally steeper futures fees compared to industry leaders could deter cost-conscious traders.

Available Cryptocurrencies

XT.com’s launchpad provides users with opportunities to invest early in promising projects by committing USDT in exchange for new tokens. The launchpad has launched over 150 projects, collectively raising $14.7 million. With fewer exchanges continuing to offer launchpad features, XT.com distinguishes itself by fostering early-stage investment opportunities, appealing to users seeking high-growth projects to diversify their portfolios.

Deposits & Withdrawals

XT.com Deposit Options

* fees vary by transaction amount, payment method, and merchant

Peer-to-Peer Trading

XT.com’s P2P trading platform supports over 70 fiat currencies and various payment methods like Revolut, Wise, PayPal, and even cash transactions in person. The platform provides essential merchant details, such as the number of completed trades, average fund release times, and disputes, with merchant funds held in escrow for added security.

Fiat Quick Buy

XT.com’s Quick Buy feature allows users to purchase crypto with over 90 fiat currencies using payment methods like bank cards, Apple/Google Pay, and Revolut Pay. However, since this service is facilitated by third-party providers, fees and exchange rates are less competitive compared to exchanges like Bybit, which handle Quick Buy transactions directly.

XT.com Withdrawal Methods

* fees vary by transaction amount, payment method, and merchant

The exchange’s fiat withdrawal options are similarly limited, relying solely on P2P merchants and third-party providers. These methods generally incur higher fees and offer less convenience compared to exchanges like Kraken, which supports direct fiat withdrawals via SEPA, SWIFT, ACH, and wire transfers.

Overall XT.com’s approach to fiat services is functional but less competitive than industry leaders like Kraken and Binance. While XT.com offers an extensive range of trading features and tradable assets, the reliance on third-party providers makes other platforms more suitable for users who frequently use fiat services.

XT.com Daily Withdrawal Limits

The daily withdrawal limits on XT.com vary based on whether you have completed KYC verification and whether you are withdrawing cryptocurrency or fiat. These limits are fixed and unaffected by your VIP level, which could be a drawback for high-volume traders who frequently make large withdrawals.

In comparison to leading exchanges, XT.com’s withdrawal limits are significantly lower. For instance, XT.com allows a daily fiat withdrawal limit of $500,000, significantly less than Binance’s $2,000,000 limit for Verified Plus users.

Similarly, XT.com’s crypto withdrawal limit pales in comparison to Binance, which permits daily crypto withdrawals of up to $96 million for high-tier accounts. This limitation may deter traders who prioritize flexibility and high withdrawal capacities.

Customer Service

XT.com Customer Service Test

To evaluate the quality of customer services for diverse user needs, we created a unique trading test. We personally contact support using all available methods and present hypothetical problems that users might face. Our evaluation concentrates on how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot. This method effectively measures the capability of customer support to assist both active traders and casual investors.

During my testing of XT.com, I was connected to a customer support agent via live chat within 2 minutes. While this prompt response was impressive, the experience fell short in other areas. The support agent attempted to address all my inquiries but struggled with fluency in English compared to customer support teams from other exchanges I’ve tested.

Basic questions were adequately answered, often with clear guidance or links to FAQ sections. However, more complex queries were left unresolved, with the agent suggesting I search Google for answers. I’ve never experienced anything like this with any other exchange.

Email support was even more disappointing. While I appreciated receiving a reply within 24 hours, the response failed to address any of my queries, instead directing me to the user agreement and privacy terms. This lack of personalized support was disappointing and falls short of the standards expected from a global exchange.

Overall, XT.com’s customer support experience was disappointing. The platform features a detailed FAQ section that covers many common user concerns, but the live chat and email experience was extremely disappointing. Despite the quick connection to an agent, the lack of detailed or confident answers, especially the suggestion to google questions, significantly undermines trust in their support services.

FAQ