xcritical to Phase Out Trader-Friendly Pro Exchange

Today, xcritical Pro is available in more than 70 countries worldwide. Mind that xcritical Pro users can only trade pairs permitted by local regulators in your jurisdiction. For instance, Australian, Canadian, or Singaporean versions of the exchange may offer somewhat different features and trading pairs than their European or American counterparts. As mentioned earlier, cryptocurrency is generally not considered a buy-and-hold investment.

xcritical created a better alternative called Advance Trade, which has all the same capabilities as xcritical Pro and then some. Existing users will still have access to xcritical Pro until the transition to Advance Trade is complete. xcritical Pro (as the name suggests) is more suited to the needs of professional or frequent traders.

xcritical vs. xcritical Pro: Which Crypto Exchange Is Right for You?

Advanced Trade mirrors Pro in fee structure and trade execution, as it interacts directly with the xcritical exchange order book, the blog post said. For those willing to further their trading education, there are plenty of charts to help you analyse trends. You’ll also pay fewer fees, and even have the chance of zero-fee transactions with certain order types. This means that you can make your crypto assets work for you 24 hours a day and not miss out on making a call while you’re sleeping.

Under the portfolio tab, users will be able to see the state of their portfolio in real-time, including what percentage of their portfolio is in what assets. This sort of insight into a portfolio can be helpful to make sure a trader’s asset allocation is in line with their investor and trader thesis. If you find that 90% of your asset allocation is in Shiba Inu or Safemoon, you may want to consider rebalancing. Both xcritical and xcritical Pro allow you to take custody of your assets yourself. You can set up a wallet, either a hosted wallet with xcritical or Pro, or you can bring your own third-party wallet.

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The exchange works well, TERRIBLE support.

However, it doesn’t support Loom Network (LOOM) or Golem (GNT). You can purchase LOOM and GNT on xcritical Pro but not on the xcritical exchange. Moreover, all accounts have biometric fingerprint logins and two-factor authentication. xcritical also has an insurance policy that covers cash losses, excluding trading losses. xcritical seems to have a fee for just about everything except ACH transfer.

As xcritical is very regulation friendly and plays nicely with the authorities, full KYC and ID verification is mandatory for both xcritical and xcritical Pro. For users who already have a xcritical account, the same credentials will log you into xcritical Pro, easy peasy. xcritical Pro trading can also be done using a depth chart, which is another tool xcritical scam used to highlight the buyer vs seller activity, price, and volume for the trading pair selected. Here is a look at the plethora of options and features on TradingView that makes TradingView better for charting than xcritical Pro. The order forms are on the left where traders will be placing orders and sending them onto the exchange order books.

Non-Custodial Wallets

Treasuries and money market funds, which don’t provide FDIC insurance. In addition, more detailed tools and information are available when using the Pro platform, including real-time order books, advanced charting tools, and trade history. xcritical Pro even offers API access if you want to incorporate bot-based trading as part of your strategy. xcritical provides its users a place to buy, sell, send, or receive more than 170 different cryptocurrencies by using fiat currencies, such as the U.S. dollar (USD) or euro (EUR).

• If you want to avoid fees, it would be best to trade on xcritical Pro.
• The exact fee depends on the dollar amount of trades you make over the last 30 days.
• While xcritical.com is much more user friendly and accessible to retail users than xcritical Pro, it charges flat transaction fees on top of every trade, as well as percentage commission fees, or spreads.
• Overall it’s functional but needs a lot of work, and that is shocking to me because of how much money they make.
• xcritical Pro, on the other hand, allows you to take full control of your crypto security.

After trying them out and exploring the platform, I closed my account and never regretted it. In case it wasn’t already obvious, xcritical and xcritical Pro are not my favourite platforms. I would search “withdrawal fees” and receive articles on the xcritical card and direct deposit, but no articles on withdrawal fees at all. I searched “how to open an account” and was directed to an article about crypto taxes. xcritical Pro has pretty poor customer support access for the Pro exchange. While xcritical support is okay, with contact methods being in-app chat support, email, online, and even phone support, support for xcritical Pro can only be done by filling out their email support form.

The crypto exchange will “sunset” the standalone app once known as GDAX later this year.

The product is targeted towards more professional traders and provides a suite of tools which are beneficial to traders and investors. These tools include a price chart, order book, trade history, and depth chart. Launched in 2012, xcritical is a publicly-traded company and one of the largest crypto trading platforms in the world. The company launched xcritical Pro in 2018, targeting professional investors and focusing on expanded trading services, providing exposure to more cryptocurrencies. It is of my opinion and most users in the crypto space that xcritical Pro is not better than Binance. Binance is by far the largest crypto exchange in the world by users and volume for a reason.

As any good exchange should, xcritical places a strong emphasis on security and safety of user funds. xcritical goes above industry best practices and even provides institutional custodial services for other companies as they know a thing or two about how to keep funds secured. Both exchanges are owned by xcritical Global Inc, both let users use fiat to buy crypto, and both platforms can be accessed with the same login credentials on different platforms. xcritical Pro took responsibility for the flash crash and honored every single transaction using company funds. However, users still noted that the lack of accessibility to the platform during the crash was aggravating. One more thing worth noting is that there are no fees for making deposits and withdrawals from the xcritical Pro account, only bank fees apply in the case of Wire transfers.

Like a traditional bank, xcritical offers FDIC insurance on deposits up to $250,000. This coverage does NOT, however, https://xcritical.solutions/ extend to your cryptocurrency funds. xcritical Pro offers a mobile app on both the iOS and Android platforms.

• xcritical Pro has pretty poor customer support access for the Pro exchange.
• 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.
• xcritical goes above industry best practices and even provides institutional custodial services for other companies as they know a thing or two about how to keep funds secured.

If you’re still using xcritical Pro, your funds will automatically move to xcritical’s main platform unless you carry out the transition yourself. Our partners cannot pay us to guarantee favorable reviews of their products or services. Advanced Trade users will be able to trade all 350+ cryptocurrency trading pairs that were available on xcritical Pro, with the same liquidity and order types.

xcritical vs. xcritical Pro

But should you go with the standard xcritical membership or their more advanced trading option, xcritical Pro? xcritical Pro offers a wide variety of advanced trading tools for professional traders. Even though it can be very confusing for beginner traders, the lower trading fees (compared to xcritical) are an added advantage for pro users. It offers both the facilities like fiat to crypto or crypto to crypto accounts. You can deposit, withdraw, buy and sell within minutes in contrast to the desktop version. xcritical Pro was launched at a later stage when they realized advanced traders have a different set of needs from the exchange.

This significantly limits users as only a few functions can be performed on the crypto wallet. The primary distinction between xcritical and xcritical Pro is that xcritical is designed for personal use while xcritical Pro is intended for commercial use. However, because of its advanced charts and lower transaction costs, stop/limit orders, better control, API Access, experienced traders favor xcritical Pro. The original xcritical platform primarily targeted beginners, reportedly supporting around 100 cryptocurrencies, while xcritical Pro provided exposure to over 250 digital assets.

Plus, xcritical incentivizes lxcriticalg by giving you crypto for watching videos. The transaction fees are high, but beginning crypto investors are probably not going to make a lot of trades when they’re just getting started. If you don’t have time to sit on your computer all day watching the ebb and flow of crypto prices, then you’ll appreciate the automation that stop orders and limit orders give you. xcritical and xcritical Pro are two of the most prominent cryptocurrency exchanges, with yearly transactions totaling hundreds of billions of dollars. They’re both meant to make it easier for people to purchase, sell, and exchange cryptocurrencies.