is a cryptocurrency exchange founded in 2018 that offers advanced features such as spot, futures, and margin trading, supporting over 800 cryptocurrencies and 1,000 trading pairs. The platform also provides high-leverage futures trading (up to 125x), staking, and an NFT marketplace.
The main features of are the mobile app, XT Earn, XT futures trading, and XT copy trading. It is easy for beginners and has powerful charting and trading tools for experienced traders, making it the best crypto platform for anyone looking to trade safely.
This XT review will explain what is, its security and compliance level, fees, whether is legit, and its key features. We will also provide a step-by-step guide on how to open a new account to start trading.
What Is ?
The crypto exchange was launched in 2018 and headquartered in Seychelles. It has grown very fast since its launch and now has more than 7.8 million registered users. It supports more than 800 tokens and 1,000 trading pairs and is the best platform to exchange popular coins like Bitcoin, Ethereum, Solana, and many smaller altcoins.
The platform offers extensive trading options. You can do spot trading, futures trading, and margin trading with up to 3x to 20x leverage. It also offers other features like copy trading for beginners. You can even earn a passive income through staking and savings options. also has its own NFT marketplace (called XT NFT) and XT Launchpad, through which new projects can fundraise.
trading commissions are slightly higher than in peers at 0.2% maker and 0.2% taker and no commission on deposits, but withdrawal fees differ with tokens and networks. is also very user-friendly with iOS and Android apps. It supports 12+ fiat currencies to buy crypto with credit or debit cards. Also, the high-performance platform engine executes fast trades with no latency.
| Founded | 2018 |
| Headquarters | Seychelles |
| Users | 7.8 million registered users |
| Supported Cryptos | 800+ tokens, 1,000+ trading pairs |
| Trading Options | Spot, Futures, Margin (3x-20x leverage), P2P, Copy Trading |
| Leverage | Up to 125x |
| Trading Fees | 0.2% (Spot), 0.04%-0.06% (Futures) |
| KYC Requirement | Optional (No-KYC trading available) |
| Security Measures | 2FA, Anti-Phishing, Cold Storage, PoR, Bug Bounty |
| Availability | 100+ countries (Restricted in US, Canada, China, etc.) |
| Mobile App | Available on iOS, Android, and Windows |
| Trading Volume | Exceeds $1 billion daily |
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What Are the Pros and Cons of ?
Pros
The pros of are multiple supported cryptocurrencies, advanced trading features, high leverage for futures, fast transaction speed, and global accessibility.
- Large Cryptocurrency Variety: supports over 800 cryptocurrencies in its portfolio that range from mainstream coins like Bitcoin and Ethereum to new altcoins.
- Advanced Trading Features: The platform offers advanced financial instruments such as copy trading, P2P trading, Launchpad, OTC trading, and staking to expert traders.
- High Leverage in Futures: A maximum of 125x leverage can be used in perpetual futures contracts of BTC or ETH.
- Fast Transaction Times: executes deposits and withdrawals swiftly, and most crypto transactions get confirmed within minutes. The speed ensures that users get to trade or withdraw funds in a timely manner.
- Global Accessibility: The exchange can be accessed in over 100 countries and in a variety of languages, including English, Chinese, and Spanish. It becomes accessible to worldwide traders.
Cons
The cons of are high trading fees, lack of regulatory compliance, and no-KYC trading, which increases money laundering risks.
- High Trading Fees: The maker and taker fees in spot trading are 0.2%. The fees are quite higher than those of some other virtual currency exchanges like MEXC and Bitget.
- No Regulatory Compliance: lacks licenses from well-known authorities like the FCA or SEC. No regulation means less recourse in case of losses or disagreements.
- No-KYC Trading Raises Money Laundering Risks: offers no-KYC trading. No identity verification trading offers anonymity but raises the risks of illegal activities like money laundering.
What Are ’s Supported Countries?
is supported in over 100 countries in Asia, Europe, and the Middle East. The exchange is operational in almost all popular crypto countries due to no strict restrictions and its no-KYC policy. According to its terms, is restricted to the United States, Canada, Mainland China, Cuba, North Korea, Singapore, Sudan, Syria, Venezuela, and Crimea.
Is Available in the US?
No, is not available to U.S. citizens because it lacks licenses from major U.S. bodies such as the SEC or the CFTC to be run lawfully. The platform’s terms and conditions explicitly prohibit U.S. users from trading to avoid violating strict financial regulations.
But offers no-KYC trading, so U.S. traders can use it without verification using a VPN. We don’t recommend doing so because it’s illegal in the U.S. and will get your accounts frozen or put you in trouble with the law.
What Is the Ranking of the Exchange?
The Exchange ranks among the top 20 crypto exchanges in terms of trading volume and liquidity, according to CoinMarketCap. The exchange ranks #64 in terms of security, according to Certik.
Security and Compliance Level: Is Legit?
Yes, is a legit crypto exchange with over 7.8M registered users and offers advanced security measures such as 2FA, passkeys, anti-phishing code, PoR data, cold storage, penetration testing, and bug bounty programs.
- 2FA (Two-Factor Authentication): You need to authenticate your account with a second step, like a code from an Authenticator app or SMS, after you have put in your password. This keeps you safe even if another person has your password.
- Passkeys: You can sign in securely without passwords by using device-based authentication, such as using fingerprints or facial recognition. This reduces the risk of password theft and even phishing scams.
- Anti-phishing code: You must set up a unique code that will be used in all genuine emails sent from . It will help you to distinguish between your real emails from and avoid phishing.
- PoR (Proof of Reserves) Data: follows a 1:1 reserve requirement on all client funds and publishes reports monthly to ensure transparency.
- Cold Storage: stores most crypto assets in offline wallets where they cannot be reached by hackers and only holds minimal amounts in online wallets to allow withdrawals and trading to take place.
- Penetration Testing: The company invites security experts to attempt to hack and find and fix security vulnerabilities. It makes the platform stronger in the case of real-life cyberattacks.
- Bug Bounty Programs: rewards individuals to identify security problems and pays between $50 and $2,000 depending upon the severity of the issue.
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What Are the Key Features of ?
The best features of are the mobile app, XT Earn, XT futures trading, and XT copy trading. Here is a quick overview of each key feature:
Mobile App
The mobile application enables you to trade your cryptocurrencies, including Bitcoin and Ethereum, on your smartphone itself. It supports both your Android and iOS smartphones. The application is extremely simple and easy to use, even for novices.
You can buy, sell, and exchange over 800 coins at the touch of your fingers. It supports instant deposits and withdrawals as well. The app provides live market information and charts to help users make informed trading decisions. You can also use staking, saving, and copy trading directly from the application.
It supports multiple languages, including English, Spanish, and Chinese, and is easy to use all around the world. The app is updated regularly to reduce bugs and increase speed, giving you a smooth experience.
XT Earn
XT Earn enables users to make extra money from their cryptocurrency without trading. It offers them staking, savings, and mining.
Staking means locking up coins to support a blockchain and getting rewarded, typically with new tokens. There are fixed and flexible savings, where money is locked up for some time and users can withdraw it when they choose. Both pay interest, but fixed-savings pay more. Mining means users rent computing power from and get paid in crypto without buying expensive equipment.
Users can start small and check their earnings on the site or application. Withdrawal is easy, and no commission is taken on these services. XT Earn is best suited for beginners and professionals who want a passive income. It’s also very safe as the funds are backed by XT’s security measures.
XT Futures Trading
XT Futures Trading allows users to speculate on the future prices of cryptocurrencies without having to hold the coins. offers both delivery and perpetual futures.
People can long (buy) when they think prices are rising or short (sell) when they think they are falling. It deals in USDT, BTC, or ETH-settled contracts and up to 125x leverage. However, high-leverage trading involves substantial risk, so be careful. The exchange provides live info, charts, and order types, such as limit and stop orders. There is also a demo trading mode to practice the strategy on leverage and figure out what suits you best.
XT Copy Trading
XT Copy Trading allows you to copy trades automatically from master traders. You just choose an elite trader based on performance, i.e., high earnings or low losses, and copy them at the press of one button.
It supports both the futures and spot markets, and you can use the style you are used to. The system copies the master’s actions instantly. You can control how much money you want to risk. The platform presents trader statistics clearly with proper PnL, ROI, AUM, number of followers, etc.
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What Are the Fees of ?
The fees are 0.2% spot trading fees, 0.04-0.06% futures fees, free deposits, and variable withdrawal fees.
- Spot Trading Fees: charges 0.2% to both maker and taker orders. This can be reduced based on your 30-day trading volume and the XT tokens you own. For example, having a 30-day trading volume of 5,000 USDT and 50 XT tokens, the fee is reduced to 0.18%.
- Futures Trading Fees: The maker fee is 0.04%, and the taker fee is 0.06%. Similar to the spot market, both these fees are reduced at high trading volumes.
- Deposit Fees: Cryptocurrency deposits are charge-free, though network fees apply. Fees are variable when fiat deposits are made and are also subject to the payment method. For instance, Mercuryo charges approximately 3.8%, and Banxa charges around 1.96% when paying through Visa/MasterCard.
- Withdrawal fees: These also vary by cryptocurrency and network congestion. does not support direct withdrawals of fiat currencies. To withdraw fiat, first, you would need to exchange your cryptocurrency for fiat and then use an external service provider like Banxa or Mercuryo. Of course, fees for these services are variable.
How to Open a New Account to Trade?
To open a new account to trade, you need to create an account, complete KYC verification, deposit funds, and start spot or futures trading.
Step 1: Open an account and finish KYC
First, you should visit the website to open trading accounts. On the homepage, you should be able to see the “Sign Up” option and then click on it. You are asked to provide your phone number or email address and create a strong password. In this step, you can also use our referral code to get a free crypto sign-up bonus.
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Once you input these details, you have to accept the terms and conditions and then click “Sign Up”. will then send you a verification code to your phone or email. Input the code to confirm your registration.
You are now required to undergo the Know Your Customer (KYC) verification. This is necessary for security and unlocking all trading functionality. You need to go to the “Identity Verification” tab within your account settings. Now, you need to upload a high-quality image of your government ID, including your passport or driver’s license. may also ask you to upload a selfie to confirm your ID.
After you submit your documents, the verification may take several minutes or several hours. After you are approved, you can use deposits, withdrawals, and trading features on the site.
Step 2: Fund Deposit
You can now make deposits. Go to “Funds” and choose “Spot”. In this section, you can deposit BTC or other cryptocurrencies. Choose the currency you would like to deposit. will generate a wallet address. Copy the address and use it to transfer funds from your external wallet.
If you would rather use fiat deposits, select your payment method. supports various options, including bank transfers and third-party services like Banxa or Mercuryo. Fees and processing times depend on the method you use.
Step 3: Start Trading on
After you’ve funded your account, you can then proceed to the “Trade” tab for exchange trading services. You can choose between futures and spot trading. Choose a trading pair, i.e., BTC/USDT, and whether you’d like to place a market or limit order. A market order executes immediately at the current price, while you can set your own ideal price when you enter a limit order. Enter the amount you would like to trade when you are ready and submit your order. If you’re looking to invest in some new coins, you can also check out our guide on the best crypto presales.
What Is the Current Web Traffic of Exchange?
The current web traffic of is 11.9 million users per month (at the time of writing), according to Similarweb. However, this includes the total number of visitors monthly, both new and old users. The current registered users on is 7.8 million (at the time of writing).
Is a Big Exchange?
Yes, is a big exchange with over 7.8 million registered users and ranks among the top 20 crypto exchanges, with a daily trading volume exceeding $1 billion. The exchange offers features such as spot, futures, margin, and P2P trading, comparable to other big exchanges like Binance and Bybit.