INTRODUCTION
In this video review of XT.com, the purpose is to provide a brief overview of the exchange and its unique features. However, it is important to note that the author of this blog is not a financial advisor, and trading cryptocurrency involves significant risks. It is essential to conduct your own research and only invest what you can afford to lose.
Now, let's dive into the video and explore the exciting features of XT.com. Make sure to watch until the end, as there will be an announcement about a giveaway where you can win 40% fees back.
OVERVIEW OF XT.COM
XT.com is known as the world's first social-infused exchange, offering a unique trading experience for cryptocurrency enthusiasts. With a wide range of cryptocurrencies available for trading, users have access to over 596 listed cryptocurrencies, providing ample opportunities for diversification and trading.
Ranked as the 57th best exchange, XT.com boasts a significant trading volume of almost half a billion dollars in 24 hours. This ranking and trading volume highlight the exchange's popularity and credibility in the cryptocurrency market.
One of the notable features of XT.com is its native token. Currently priced at approximately $2.42, the XT.com native token offers users additional benefits and incentives within the platform. By holding the XT.com token, users can enjoy reduced trading fees, enabling them to maximize their profits.
ELITE TRADER PROGRAM
The Elite Trader program offered by XT.com is a unique opportunity for traders to access additional funds and profit sharing. This program is designed to support and incentivize traders who demonstrate exceptional trading skills and consistency.
One of the main benefits of the Elite Trader program is the maximum allocation of funds. Qualified traders have the opportunity to trade with up to one million dollars in funds provided by XT.com. This allows traders to access larger trading volumes and potentially increase their profits.
Additionally, the Elite Trader program offers risk coverage for traders. XT.com covers any losses incurred by traders using their funds, providing a safety net for traders who may experience losses. This feature is similar to a proprietary trading firm, but without the need for an upfront fee.
To access the benefits of the Elite Trader program, traders must prove their trading skills. XT.com requires traders to demonstrate a minimum of 50% profit on their trades to be eligible for the program. Once accepted, traders will receive a 10% profit share on their copy trading profits.
The Elite Trader program is particularly beneficial for traders with limited funds. By participating in the program, traders can access a larger account balance and trade with a higher volume, increasing their potential for profits. This program offers a low-risk opportunity for talented traders to grow their trading accounts and increase their income.
FEES AND TRADING OPTIONS
When it comes to spot trading fees on XT.com, users can expect a standard fee of 0.2% for both makers and takers. While this fee is not the lowest in the market, it is also not excessively high. It falls within the range of average fees charged by most exchanges. Comparing it to other exchanges, XT.com's fees are comparable to those of BTC Markets and Crypto.com, while FTX offers more competitive fees.
For traders who prefer futures trading, the good news is that the fees on XT.com are even lower. The maker fee for futures trading is 0.04%, while the taker fee is 0.06%. These lower fees can significantly benefit traders who frequently engage in futures trading.
Moreover, holding XT.com's native token can lead to reduced trading fees across both spot and futures trading. By holding the XT.com token and meeting certain trading volume requirements, traders can lower their fees to as low as 0.008% for makers and 0.03% for takers. This token offers an additional incentive for traders to hold and use it on the exchange, as it can maximize their profitability.
It is important to note that while XT.com's fees are competitive, they do not offer a full proof of reserves like some other exchanges. However, XT.com's reputation and longevity in the market provide a certain level of trust and credibility.
When you signup through our link https://www.xt.com/en/accounts/register?ref=JOQLIM or use our code JOQLIM, you will automatically get 40% back on all trading fees commissions! You will NOT get this if you signup directly on xt.com
Or you can scan the following QR to also get 40% back on all trading fees commissions :
UNIQUE FEATURES OF XT.COM
XT.com offers several unique features that set it apart from other exchanges. These features include:
Staking, Savings, and Hash Rate Store Options
XT.com provides users with the opportunity to participate in staking and savings programs. Users can stake their cryptocurrencies and earn rewards, or take advantage of the savings feature to earn interest on their holdings. Additionally, the platform offers a hash rate store, allowing users to participate in cloud mining and potentially earn additional income.
Benefits and Potential Risks of Yield Farming and Staking
Yield farming and staking can be lucrative strategies for earning passive income in the cryptocurrency market. By participating in these programs, users can earn rewards and potentially increase their holdings. However, it is important to note that yield farming and staking also come with risks. These programs often involve locking up funds for a specific period of time, which can limit liquidity and expose users to potential losses if the market fluctuates unfavorably.
Cloud Mining Availability
XT.com offers cloud mining services, allowing users to mine cryptocurrencies without the need for expensive hardware or technical knowledge. Cloud mining can be a convenient and cost-effective way to participate in cryptocurrency mining and potentially earn additional income.
KYC Requirements and Restrictions for US Users
It is important to note that XT.com has Know Your Customer (KYC) requirements in place. Users will need to verify their identity before accessing certain features of the platform. Additionally, XT.com currently does not allow US users to KYC and access the platform. US users should be aware of these restrictions and consider alternative exchanges that cater to their region.
Overall, XT.com offers unique features such as staking, savings, and hash rate store options, as well as the availability of cloud mining. However, potential users should be cautious of the risks associated with yield farming and staking, and be aware of the KYC requirements and restrictions for US users.
When you signup through our link https://www.xt.com/en/accounts/register?ref=JOQLIM or use our code JOQLIM, you will automatically get 40% back on all trading fees commissions! You will NOT get this if you signup directly on xt.com
CONCLUSION
In conclusion, this review of XT.com has highlighted several key points about the exchange. XT.com is the world's first social-infused exchange, offering a wide range of cryptocurrencies for trading. With a ranking of 57th best exchange and a significant trading volume, XT.com has established itself as a reputable platform in the cryptocurrency market.
One unique feature of XT.com is its Elite Trader program, which allows skilled traders to access additional funds and profit sharing. This program offers a low-risk opportunity for talented traders to grow their accounts and increase their income.
XT.com's fees for spot trading and futures trading are competitive, with the potential for reduced fees by holding their native token. While the exchange does not offer a full proof of reserves, its reputation and longevity provide a level of trust and credibility.
Additionally, XT.com offers unique features such as staking, savings, and a hash rate store, providing opportunities for earning passive income and participating in cloud mining. However, users should be aware of the risks associated with yield farming and staking, as well as the KYC requirements and restrictions for US users.
We encourage viewers to share their thoughts and experiences with XT.com. Let us know what you think about the exchange and its unique features. Don't forget to participate in the giveaway by liking this video, commenting, and leaving your Telegram username.
When you signup through our link https://www.xt.com/en/accounts/register?ref=JOQLIM or use our code JOQLIM, you will automatically get 40% back on all trading fees commissions! You will NOT get this if you signup directly on xt.com
Or you can scan the following QR to also get 40% back on all trading fees commissions :
FAQ
Here are some frequently asked questions about XT.com:
Is XT.com available for users in the United States?
No, XT.com does not currently allow users from the United States to KYC and access the platform. US users should consider alternative exchanges that cater to their region.
What is the estimated APY for savings on XT.com?
The estimated APY for savings on XT.com varies depending on the token pool. For example, the XT token offers a high APY of 12% on fixed savings.
How can I join the Elite Trader program?
To join the Elite Trader program, traders must demonstrate a minimum of 50% profit on their trades. Once accepted, traders receive a maximum allocation of funds, up to one million dollars, and a 10% profit share on their copy trading profits.
Are there any alternative exchanges with lower fees?
While XT.com's fees are competitive, there are alternative exchanges with lower fees. For example, FTX offers more competitive fees for both spot and futures trading.
Can I participate in the giveaway without a Telegram account?
No, to participate in the giveaway, you will need a Telegram account. Simply like the video, comment, and leave your Telegram username in the comment section to enter.
When you signup through our link https://www.xt.com/en/accounts/register?ref=JOQLIM or use our code JOQLIM, you will automatically get 40% back on all trading fees commissions! You will NOT get this if you signup directly on xt.com
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