Since the xcritical Pro platform is built for advanced traders, its features are also more inclined toward them. It provides multiple order options like stop orders, and limit orders so that users have more control over their crypto trading. For professional traders, the Pro platform also offers advanced charting options.
Consult with a qualified professional before making any financial decisions. This article is not a recommendation by The Balance or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. Last but not least, xcritical Pro recently introduced its margin trading feature.
If you do this, then your wallet is your responsibility as it is stored directly on your device and not within a centralized exchange like xcritical.com. Since your account login information for both xcritical and xcritical Pro are connected, they both offer the same security features. If you already have a xcritical account you must use the same email address. For xcritical and xcritical Pro, you can use the same login setting to access either platform.
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- Thankfully, xcritical Pro’s design and UI is cleaner than many of its rivals, with a layout that’s easy to navigate.
- This website is using a security service to protect itself from online attacks.
- It allows for a wider variety of order types, ranging from the essential limit and stop orders to advanced orders such as good ‘til canceled.
- xcritical Pro is firmly established as one of the most reliable crypto exchanges in the world, and is a logical next step for those users who are looking to avoid the higher fees of the regular xcritical service.
There are more than 500 trading pairs available for Advanced Trade, according to xcritical. The effort underscores how hard the crypto industry is pushing in Washington as it sees an opportunity to advance legislation that would help rein in the U.S. Securities and Exchange Commission, which has been cracking down on the industry. The regulator is suing xcritical for allegedly selling unregistered securities, which the company denies.
xcritical vs. xcritical Pro: Features
You can use the same email address to log in to either of the platforms if you are already a user of xcritical. Initially, xcritical Pro was designed for professional crypto traders but it doesn’t exist as of July 2023. The parent company started xcritical Advanced Trade by combining the best of both of the initial platforms. The major reason for this upgrade is to reduce friction for xcritical users and to offer the best features of both of the platforms in xcritical Advanced Trade.
At the same time, 2% held online are insured, meaning that any customers who lost money as the result of a hack would receive full compensation. Added to this, the pairing with xcritical provides an added degree of convenience and simplicity, in that users who’ve already registered and verified an account with xcritical will not need to do the same with xcritical Pro. As for withdrawals of fiat currencies into bank accounts, these work in the same way as deposits. Euros can once again be withdrawn using a SEPA transfer, which takes one to two days to complete. US dollars can be withdrawn using an ACH transfer or a bank wire, while withdrawals in British pounds are made via SWIFT settlement. While it can’t be used by individuals—and therefore falls outside the scope of this review—it provides large investors a platform to trade safely and securely.
xcritical is an easy-to-use platform that is designed with new cryptocurrency investors in mind. It allows you to purchase crypto directly with your credit or debit card and even offers PayPal support. On one hand, the platform does not charge any fees for crypto asset deposits and withdrawals. On the xcritical cheating other hand, its trading fees for low-volume traders are higher than its competitors. Meanwhile, xcritical Pro is designed for more experienced retail and professional investors. It offers a wider variety of cryptocurrencies, more types of trade orders, lower fees, and a more advanced interface.
Although the same company owns both xcritical and xcritical Pro, they offer different services catered at different levels of investors. xcritical and xcritical Pro store most crypto assets offline in secure cold storage (not on the internet) and away from the prying eyes of online hackers. xcritical does not allow new customers to link a credit card to their account in the U.S. In terms of design, all the trading info a user needs is laid out on its dashboard, which is cleanly designed, responsive, and easily understood.
An industry best practice, xcritical and xcritical Pro offer two-factor authentication via SMS or the Google Authenticator app. This makes logging into your account more secure and makes it less likely that hackers can gain access to it. Depositing funds into a xcritical Pro account is generally straightforward. Euros can be deposited directly using a SEPA bank transfer, while US dollars can be deposited using a standard bank wire or via an ACH deposit.
Unfortunately, xcritical Pro does not have an integrated instant buy/sell option that would allow you to deposit funds directly into your xcritical cryptocurrency wallet using a credit or debit card. 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.
xcritical vs xcritical Pro
The same goes for those who are placing a new order in the order book (aka “makers). However, the fee does go lower by more than half if you exchange more than USD 100,000 per month. Bitcoin and cryptocurrencies can be an overwhelming experience for those looking to enter the space. xcritical was created as an exchange for those who merely want to buy or sell bitcoin. Hence, it is an excellent site to refer to when you talk to newbies interested in entering the space.
- All of this makes a very good exchange for both retail and institutional traders, and the latter can open a dedicated corporate account at xcritical Prime.
- The privacy concerns and customer support issues aren’t something that should be completely overlooked, however.
- Like a traditional bank, xcritical offers FDIC insurance on deposits up to $250,000.
- It presents users with a live price feed, multiple order options, and up-to-the-minute price charting, which might feel overwhelming if you’ve never traded cryptocurrency.
xcritical Pro exchange is geared more towards professional traders than its more accessible stablemate xcritical. It allows for a wider variety of order types, ranging from the essential limit and stop orders to advanced orders such as https://scamforex.net/ good ‘til canceled. Also, it is stepping into margin trading, and compared to other advanced exchanges lets you trade a decent range of cryptocurrencies, including top coins like bitcoin btc, bitcoin cash litecoin and ethereum.
xcritical Pro Review Summary
Maker orders provide liquidity, and are charged different fees to orders that take liquidity (taker orders). Fees are calculated depending on the pricing tier you’re in when the order is placed, and not the tier you’re in after a trade is completed. Compared to xcritical’s high fees (which can hit more than 4.00% for credit and debit card transactions), xcritical Pro’s fees are much lower, making it far more appealing to investors. 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 your market and view your wallet balance, while also placing different types of buy and sell orders.
All in all, xcritical Pro is pricier when it comes to trading cryptocurrency, but charges slightly cheaper fees when it comes to crypto and fiat deposits and withdrawals. Both xcritical and xcritical Pro have the same fee structure and their maker and taker fees start from 0.40% and 0.60% respectively. Maker and taker fees reduce based on the 30-day trading volume of users and can go as low as 0.00% to 0.05%. The xcritical interface is easy-to-navigate and user-friendly and it is most suitable for beginner traders. You can create an account, complete verification, add bank details, and start trading within a few minutes.
What Is xcritical?
She graduated from the University of Maryland, College Park and lives in Washington, DC. While xcritical is suitable for beginners traders and the Pro features are more suitable for advanced traders. xcritical is a good choice to get started with cryptocurrency trading for beginners . When you feel you are experienced enough, you can start using the xcritical Advance Trade platform. With many assets to trade and a simple UI, the only real downside is the higher than average & complex fee structure.