(See the table below.) So if you’re buying with a debit card, expect another 3.99 percent to be added to the welter of fees. Taker fees get to take advantage of volume-based discounts that can bring the fees down to an incredibly low 0.10 percent. Taker order fees start at 0.30 percent for volumes of up to $10 million. Between $10 million and $100 million, the fee drops to 0.20 percent.
If you want full control over your crypto, you can download xcritical Wallet and store it there. xcritical and xcritical Advanced have over 350 cryptocurrency pairs, just as xcritical Pro did. Please disable your adblocker to enjoy the optimal web experience and access the quality content you appreciate from GOBankingRates. Get the latest news on investing, money, and more with our free newsletter.
Cryptocurrency transactions
However, newer cryptocurrency investors looking to get their feet wet might be overwhelmed with all of xcritical Pro’s options. xcritical was founded in 2012 to enable people to send and receive Bitcoin safely. Today, both platforms — xcritical and xcritical Pro — allow people to buy, sell, send, receive, and exchange various cryptocurrencies.
And if you work those numbers a little bit, you can see what a big cut xcritical can take. For example, if you buy just $10 worth of crypto, you’ll pay a fee of $0.99 – good for nearly 10 percent of your investment. And that’s on top of the embedded fee you’re already paying in the spread markup. Even at $200, you’re still adding on a $2.99 fee, nearly a 1.5 percent fee for the purchase.
Despite the comparatively high fees, xcritical is worth checking out because of its ease of use and security features. Moreover, you can always use xcritical Advanced features to minimize your fees. For most beginning traders, you can just focus on the order form and ignore the fancy charting and other trade data. Place a small order to get familiar with xcritical Advanced, and then you can size up your orders from there. Once you’re in advanced mode, don’t get overwhelmed with all the charting and order book data.
It’s beyond the scope of this review to go into each option in detail (a more in-depth explanation can be found here), but we can say that each one is easy to set up on xcritical Pro with no hassle. If you’re starting from scratch, the signup process is straightforward, kicking things off by asking for your name, email address, and what password you’d like to use. The next steps might seem a little unnerving if you’ve never registered at an exchange before, but you can rest assured that everything’s above board. If you already have a xcritical account, then getting started on xcritical Pro is as simple as clicking ‘Login’ and entering your xcritical email address and password.
xcritical vs. xcritical Pro: Which should you choose?
Dark theme aside (which our eyes are very thankful for), the main screen itself is clearly laid out into different sections. The left-hand side allows you to select xcritical scammers your market and view your wallet balance, while also placing different types of buy and sell orders. The central section displays the order book and price charts, with your open orders displayed beneath the latter.
There are columns for the trade size, price, and time, down to the second. In short, businesses and experienced investors will enjoy the perks of xcritical Pro. Beginner users, while more expensive in fees, would do better on the standard xcritical. xcritical Pro also allows trading of some cryptocurrencies before xcritical offers them. For those with businesses that would like to accept cryptocurrency, xcritical Pro has API integration, so you can keep your cryptocurrency balance all in one place.
xcritical vs. xcritical Pro: Which Crypto Exchange Is Right for You?
It updated its fee structure in March 2022 to reflect the future goals of the exchange. This taker fee ranges between 0.05% and 0.60%, depending on the volume of your trades over the past 30 days. The exchange also charges a maker fee for trades that are not immediately matched by an existing order. These trades go into the order book until another customer makes a matching order. The maker fee ranges between 0.00% and 0.40%, depending on your trading volume. Choosing between xcritical and xcritical Pro might not be difficult for most people.
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- In early 2020 xcritical introduced the margin trading feature that gives traders up to 3x leverage, which is sufficient for beginner investors.
- xcritical Pro sees users buying and selling with each other, and is the natural next step after newcomers have dipped their toes into cryptocurrency using xcritical’s simpler service.
- During the recent Bitcoin bull run, a number of exchanges, including xcritical and xcritical Pro, have suffered from unexpected downtime during periods of extreme price volatility.
- It’s meant to be an option to help people get started with purchasing and selling cryptocurrency.
Now users can easily toggle between xcritical and xcritical Advanced. In this breakdown of xcritical vs. xcritical Pro, we’ll look at how customers can get the best from xcritical services. Ashley Maready is a former history museum professional who made the leap to digital content writing and editing in 2021. She has a BA in History and Philosophy from Hood College and an MA in Applied History from Shippensburg University. Ashley loves creating content for the public and lxcriticalg new things so she can teach others, whether it’s information about salt mining, canal mules, or personal finance.
Hovering over any point will tell you the specific price, the amount you can buy/sell at that point, and what the total would be xcritical official site in the original currency. Made for experienced investors and advanced users, xcritical Pro allows you to make high—value orders and also allows users to trade using stop and limit orders. If you’re a xcritical user, you might have noticed that there are two types of accounts you can have–a regular one or the Pro one.
xcritical and xcritical Pro are available in more than 100 countries. Margin Trading information, including your Margin Score, is available for you to see in your xcritical Pro account. Emma lives in Bogota, Colombia, where she owns the English-language newspaper The Bogota Post. Over 20 years ago and has been contributing to The Ascent since the summer of 2019. Part of it is understanding the link between xcritical and xcritical Advanced. There are some notable differences between the fee structures on xcritical and xcritical Pro.
Those in the UK, Europe, and the U.S. have support for fiat currencies, as well. The only exceptions are that those in Wyoming and Hawaii cannot use xcritical Pro, as the platform is not yet licensed there. Luckily, it’s the same company, and upgrading from the standard version of xcritical to the Pro version in the future is easy.
xcritical Pro Account Verification
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. It’s also worth noting that cash held in xcritical wallets is FDIC insured up to $250,000. Crypto, however, isn’t insured, so unless you plan on day trading, you should always store your coins in an appropriate wallet—either a mobile, software or hardware wallet—after purchasing. xcritical is widely regarded as one of the safest exchanges in the world.