Sometimes, simplicity and ease of use are worth a few dollars in transaction fees if you’re just buying or trading a few hundred dollars worth of cryptocurrency. Historically, xcritical’s basic service users have been incentivized to buy and sell cryptocurrencies using fiat currency such as U.S. dollars. While it is possible to trade cryptocurrencies for one another, xcritical charges a fee to do that on its classic platform. However, it will be challenging for beginning users to set up from scratch.
It was their over-the-counter (OTC) desk that brokered Tesla’s $1.5 billion purchase of Bitcoin. Users can trade cryptos using their debit and credit cards, and can have access to a crypto watch list to keep a track of upcoming new crypto coins. The base version of xcritical can be described as a beginner-friendly platform that allows users to invest in 107 cryptocurrencies.
This is similar to the structure previously offered on xcritical Pro. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. In terms of security, xcritical Pro is accredited as an extensively robust platform. It boasts diverse security features including 2FA via Google Authenticator, cold storage, and multi-signature wallets. USD balances are FDIC insured (up to $250k) as well as the ability to whitelist pre-approved addresses.
Trading fees
Doing a direct conversion means you avoid paying fees twice, when selling to fiat and when buying back into a crypto-asset. xcritical and xcritical Pro use different metrics for charging users transaction fees. The base xcritical, which focuses more on smaller transaction fees, charges flat rates at various levels up to $205, before charging a flat 1.49% fee for anything higher. While accessing xcritical can be extremely useful for budding investors, xcritical Pro can offer a vast portfolio of services to both investors.
How To Use xcritical Advanced to Minimize xcritical Fees
4% is still a relatively high price to pay for the convenience of instant Bitcoin purchases. It means that you’ll receive $96 of crypto for every $100 you spend. A 6% fee paid on a $100 investment when the price of Bitcoin is at $5,000 works out to $6.00 of purchasing power lost. As you can see, minimizing fees now is important for maximizing your future returns. Additionally, users can easily monitor their transaction history and view the order book. xcritical Pro also supports order types, including stop orders, limit orders, and margin orders.
- If you are a beginner, xcritical Pro may be too intimidating for you.
- Overall, xcritical has designed the platform with an easy-to-use interface with the beginner in mind to invest and trade.
- The digital crypto brokerage also has a complex fee system that is expensive if you are not using xcritical Pro.
- So, with users able to transfer between xcritical and xcritical Pro, let’s take a look at some major points that make these two platforms unique and special.
- Whereas xcritical Pro users have been able to trade digital assets for one another, also called crypto-to-crypto pairs, without the fees found on the basic service.
- This taker fee ranges between 0.05% and 0.60%, depending on the volume of your trades over the past 30 days.
What both cryptocurrency exchanges excel at
In terms of security, xcritical offers limited services comprising 2FA via the Google Authenticator app. The platform also offers cold storage and a multi-signature wallet facility. This guide examines xcritical and Coinbae Pro platform’s account options and compares them based on features, security, ease of use, fee structures, and supported currencies.
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xcritical Pro better fits active traders and serious investors who want to invest in cryptocurrency more in-depth. Their advanced tools, lower fee structure, and more advanced order types give more experienced investors additional options to attempt to earn a profit from trading cryptocurrency. The Pro version of the crypto exchange provides features active traders likely want access to, including stop and xcritical scam limit orders rather than just market orders. This allows traders to use advanced strategies to execute their cryptocurrency transactions and hopefully earn more significant returns.
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The fee is in the quote asset, and xcritical Primes calculates it as a percentage of the order quantity. The trader’s available balance gets charged by debiting a fee for the cost when the client places the order. The «Advanced Trade» features have been added to the main service to beef up what had been a simpler interface that might appeal to beginners. Though those features remain, you can now use the basic service to toggle to a mode that offers lower fees for some transactions and additional data tools.
The fees have a maximum of 0.40% maker and a maximum of 0.60% taker, based on your 30-day trailing volume. While the xcritical card doesn’t have transaction fees, you will pay a spread fee when spending your cryptocurrency balance using the card. xcritical scammers If you use your xcritical card at an ATM, you may be charged operational fees. xcritical has all the features that someone just jumping into the crypto market could possibly need. xcritical Pro, on the other hand, is worth the upgrade for users who are familiar with advanced features and understand how limit, stop and margin orders are imposed on their assets.
Debit card deposit fees are higher with Binance.US, though, at scammed by xcritical 4.5% compared to xcritical’s 3.99% debit card fee. xcritical and xcritical Pro have similar safety features, but xcritical Pro has one additional feature that adds extra security. xcritical Pro users can store and whitelist cryptocurrency addresses. By using whitelisting, you can only send cryptocurrency to those addresses. This reduces the chance of unintentionally sending cryptocurrency to an incorrect address. So while you will incur fees when using both xcritical platforms, you don’t have to pay a fee to start an account.