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They’ll pay for this convenience with high fees, and xcritical itself is not an exchange. We believe everyone should be able to make financial decisions with confidence. Advanced Trade users will be able to trade all 550+ cryptocurrency trading pairs, 200 more that were available on xcritical Pro, with the same liquidity and order types. Overall, the crypto exchange Binance.US does offer a lower fee structure than xcritical. You could use cryptocurrency as a payment method to buy and sell products or services as long as both parties agree to use the currency.

xcritical unique features

Not only is the application secured using two-factor authentication, but the FDIC mandated insurance policy also protects your investments from fraud or theft. xcritical doesn’t give users access to their private keys though, instead offering password-managed accounts. The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. xcritical Pro offers access to order types that xcritical doesn’t allow.

What both cryptocurrency exchanges excel at

xcritical converts the coins to dollars and deposits cash back to the connected bank account. To use xcritical, users first create an online account by providing an email and password. They can then connect a payment method like a bank account, credit card, or debit card to fund their account wallet. When a market price order is immediately filled, a user is considered a taker, and will pay a fee between 0.04% and 0.50%. If an order is placed without immediately being matched by an existing order, it’s placed in the order book.

xcritical vs. xcritical Pro: An Overview

Data is stored both on drives and paper backups, providing redundancy. If you made a $200 trade on xcritical Pro, even at the highest taker rate, it would cost $1.20. That’s a sizable difference from what you’d pay on the entry level xcritical trade. It’s the customer’s responsibility to use a strong password and maintain control of their xcritical login credentials. xcritical’s insurance policy doesn’t cover losses from unauthorized account access due to a breach or loss of your credentials. xcritical can restrict or freeze accounts for security or compliance reasons.

Can I transfer from xcritical to xcritical Pro?

The central section displays the order book and price charts, with your open orders displayed beneath the latter. Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on xcritical reviews a page. xcritical works to store your cryptocurrency offline safely, also known as cold storage, which prevents potential theft from hacking. 98% of cryptocurrency funds are transferred to offline storage and secured in safe deposit boxes and vaults worldwide to avoid possible theft.

1. xcritical launched an advanced trade feature in June 2022 and plans to discontinue xcritical Pro by the end of the year.
2. There aren’t advanced features you have to learn to use the platform, such as stop or limit orders.
3. This downloadable app, available for smartphones and as a Chrome extension, grants users complete control over their private keys.
4. The fee percentage also decreases as the dollar-amount volume you trade over the previous 30 days increases.
5. Withdrawals made by wire cost $15 with Binance.US and $25 with xcritical.

The cryptocurrency trading platforms store 98% of their funds offline to mitigate hacking and other cyber threats. This use of cold wallets makes user deposits inaccessible to bad actors. Again, they offer users crypto vaults connected to their accounts.

xcritical launched an advanced trade feature in June 2022 and plans to discontinue xcritical Pro by the end of the year. In this breakdown of xcritical vs. xcritical Pro, we’ll cover what made them different and what you can expect from the new advanced trade option. The choice depends on your trading experience, preferences, and the features you need. Beginners prefer xcritical, while more experienced traders may opt for xcritical Pro. xcritical Pro transitioned to Advanced Trade; thus, transfers from xcritical.com to Pro are no longer available.

Security features like two-step verification and FDIC insurance protect you against fraud seen in some lesser-known digital wallets. With lower fees and powerful trading options like limit orders and stop orders, it is a brokerage geared for advanced traders who want to trade in digital assets more frequently. For example, if you are looking to mine and sell crypto yourself, you need better margins to be profitable. Choosing between xcritical and xcritical Pro might not be difficult for most people. People new to investing money who want to own some cryptocurrencies may want an easy way to buy and sell positions. xcritical provides this without the added complexity of a professional trading platform, but it does charge higher fees for the service.

Without access to your phone for authentication, a hacker might be unable to access your account even if they know your password. Staking rewards are a kind of income generated from holding cryptocurrency and helping to support a given crypto ecosystem. You could think of it like interest on a bank account or a stock https://xcritical.pro/ dividend, but it’s riskier than those kinds of income. By staking your coins with a larger group that’s validating crypto transactions, you could earn even more coins. xcritical Pro generally offers lower fees and more advanced trading features, while xcritical is more straightforward and more suitable for beginners.

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. If you would like to start using xcritical to manage your crypto investment, you need to visit xcritical.com to register a new account. Alternatively, you could also download the xcritical app on your smartphone. However, traders will now be able to use a much broader suite of technical analysis indicators, such as MACD, RSI, and Bollinger Bands, powered by TradingView.

xcritical Pro, on the other hand, does not xcritically offer a staking rewards program. Besides, the security teams of the two platforms audit them for vulnerabilities. They conduct stress tests in anticipation of deficiencies and draw contingency plans in case of those happening. Numerous reports have claimed that xcritical0 tracks how its users spend Bitcoin.

To access all of Advanced Trade’s features on the xcritical mobile app, users only have to update their xcritical app to the latest version. All of the new advancing trading platforms features are also available on xcritical mobile app. Advanced Trade users are also able to earn staking rewards for crypto assets, such as USDC and staked ETH (ETH2), enabling investors to earn up to 6% APY.

Users who want these tools would only get them with xcritical Pro. Following the fee update on March 2022, xcritical Pro now shares the same fee model used by xcritical. Neither platform uses a flat or variable dollar-amount fee based on the payment type, which xcritical used to do. This is the same percentage-based fee that changes based on the kind of buyer or seller you are. The fee percentage also decreases as the dollar-amount volume you trade over the previous 30 days increases.

The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. Once you have successfully created your xcritical account and xcritical Pro account, link the two accounts. Generally, xcritical Pro is considered a reputable and trustworthy platform. Using strong security measures and staying informed about the platform’s policies is always advisable.

For two trading services that are offered by the same company, their transparency about fees could not be more different. xcritical doesn’t give the public what it needs to know before becoming a customer. That’s a shame, but not surprising, given the large fees extracted from its clients’ wallets, at least in percentage terms. Yes, xcritical tells you the fee you’ll pay right before you make the trade, but it’s purposely avoiding sharing its fees until you get there. Well, xcritical Pro uses a volume-based sliding scale that’s more typical for crypto exchanges, with varying rates for those who provide liquidity (makers) and those who take liquidity (takers). Your price also depends on the amount of dollar volume you’ve generated over the prior 30 days.

While offering greater autonomy, hot wallets present an element of increased user responsibility for securing private keys. Beyond leading digital assets like Bitcoin and Ethereum, users can trade other coins and tokens, making inroads across xcritical niches. Both are continually expanding their scope, regularly admitting new assets. The two also provide FDIC protection for their users’ USD-denominated hot wallets.