XT Exchange Review 2025

Eric Huffman

Verified by Ilija Rankovic

Last updated

November 10, 2025 10:47 EST

25min read

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XT Exchange is a mid-tier spot exchange and a top 10 platform for perpetual futures volume. The exchange offers a diverse selection of markets; users can trade over 1,000 coins and tokens from a single account. Learn more about the platform in this XT Exchange review.

Our research team used a first-hand methodology, and we tested XT Exchange using real accounts and trades. Core criteria include the user experience, KYC requirements, available trading pairs, average order execution times, and platform security. Read on for our review findings.m

What is XT Exchange?

XT Exchange, which uses the XT.com domain, is an online trading platform that lists over 1,000 cryptocurrencies. Founded in 2018 and registered in the Seychelles, the exchange offers an alternative to regulated brokerages like Coinbase and Gemini. It allows users to withdraw up to $200,000 daily without providing personal information or know-your-customer (KYC) documents.

Regarding markets, XT Exchange offers several ways to gain exposure to digital assets. Beginners purchase cryptocurrencies instantly with debit/credit cards, e-wallets, and peer-to-peer (P2P) payments, and active traders buy and sell pairs on the spot exchange. Users can also access a comprehensive derivatives platform that includes perpetual and delivery futures, and spot margin accounts with 20x leverage.

The XT.com ecosystem offers many other features, from copy trading and demo accounts to dual investments, secured crypto loans, and leveraged ETFs without liquidation risks. Traders access full functionality on desktop and mobile devices, and both versions connect to the same account for seamless market accessibility.

Exchange data shows that XT Exchange is a mid-tier spot trading platform. However, as the provider handles significant futures trading activity, it’s a top 10 derivative exchange for volume.

XT Exchange Overview:

Here are the key takeaways from our XT.com exchange review:

Is XT.com Exchange Safe?

As an offshore exchange that offers accounts without ID verification, XT Exchange does not offer the same regulatory protections as tier-one exchanges. Instead, the platform functions as an unlicensed exchange in the Seychelles, offering limited accountability to account holders.

Despite its non-existent regulatory framework, our XT.com exchange review found robust security systems and transparent asset holdings.

Frequently updated proof of reserves verifies that XT maintains a 1:1 reserve for client-owned deposits. Traders can verify their own holdings via open-source tools. The exchange’s largest reserves are liquid assets, such as Bitcoin (BTC), Ethereum (ETH), and USDC (USDC), which represent reserve ratios of over 120%.

XT stores exchange reserves in cold wallets with multi-signature technology. This security structure ensures no single employee can approve wallet transfers.

Once users register an XT account, they access a wide range of optional security controls. One method is two-factor authentication via the Google Authenticator app. Users input a 6-digit verification code for account logins, withdrawals, password resets, and other high-risk account requests. The platform offers additional verification steps via SMS, Passkey, and email, and it automatically flags login attempts from new devices.

The exchange’s strong safety controls failed to prevent hackers from breaching security mechanisms in late 2024. Hackers stole approximately $1.7 million in digital assets, and XT

Exchange temporarily suspended withdrawals. The cybersecurity incident did not impact client-owned funds.

What Coins and Trading Pairs Does XT Exchange Support?

XT Exchange lists over 1,000 cryptocurrencies, including BTC and the top altcoins like ETH, BNB (BNB), Solana (SOL), and XRP (XRP).

The platform offers various research tools to find suitable markets. Tapping the “Zones” button reveals cryptocurrencies by the sector, such as top meme coins like dogwifhat (WIF), Pepe (PEPE), and Pudgy Penguins (PENGU). Other popular crypto narratives include artificial intelligence (AI), Layer 1/2, metaverse, Web 3.0, and decentralized finance (DeFi).

Investors also explore tokens within the blockchain ecosystem, including TON, Ethereum, BNB Chain, Base, and Solana. The exchange provides additional analysis metrics based on recent trends, such as the best and worst-performing projects in the past 24 hours, and “hot coins” with the most views. Users navigate their preferred metrics by volume, market capitalization, and recent highs and lows.

Our XT Exchange review found that users access new cryptocurrencies, too. XT lists upcoming exchange launches with a countdown timer and notification alerts, so speculative traders may enter the market once it goes live.

In terms of pairs, most XT markets trade against Tether (USDT), which is standard in the crypto exchange space. Several crypto-cross pairs are available, including ETH/BTC, DOGE/BTC, ADA/ETH, and AVAX/ETH.

While market access is diverse, XT Exchange does not list fiat-based pairs like BTC/USD or ETH/EUR. This drawback is due to the platform’s unregulated framework. The workaround is to use fiat methods to buy USDT, which unlocks access to most XT products and markets.

XT Exchange Key Features

XT users trade cryptocurrencies via the spot exchange market, which supports traditional investments and margin accounts. As a derivative trading platform, it is a popular location for traders who seek leveraged futures.

Outside of the core trading arena, users can access automated features like copy trading and grid bots, as well as DeFi earning tools such as staking and secured loans.
This section of our XT Exchange review explores these platform features in more detail.

Spot and Margin Trading

The spot exchange provides access to over 1,000 USDT-denominated markets. Users exchange USDT for their preferred cryptocurrencies (or vice versa) via market or limit orders, and the platform executes positions once market participants meet the target price.

Since XT Exchange is a mid-tier spot exchange, account holders favor limit orders on non-major markets. This strategy ensures traders avoid unfavorable slippage and wide spreads.

Spot traders may access margin facilities to increase their position sizes. Unlike derivative products, such as perpetual futures, margin trades provide real asset ownership; however, traders still risk liquidation.

XT margin accounts offer leverage of between 3x and 20x, depending on the pair. Margin trades incur interest rates in addition to standard trading commissions. Rates start at 0.2%, and users who hold XT Smart Chain (XT) tokens receive a 25% discount.

Derivatives

Exchange data confirms that XT is one of the top crypto futures trading platforms for transaction activity. It frequently ranks in the top-10 platforms for daily trading volume, beating tier-one exchanges like Kraken, MEXC, and Gemini. This dynamic provides derivative traders with deep liquidity and competitive spreads.

XT Exchange offers various futures markets, including perpetual and delivery contracts. Traders access quarterly expiration dates on five cryptocurrencies: BTC, ETH, XRP, BNB, and SOL. Perpetual markets are significantly more extensive, as the platform lists hundreds of pairs.

Both contract types support USDT-M (linear) and Coin-M (inverse) settlement, and traders may choose between cross or isolated margin. Our XT Exchange review found that the default margin type is cross, so risk-averse traders must remember to switch to isolated to reduce market exposure.

Leverage limits vary by coin and token, as well as the underlying settlement terms. BTC/USDT delivery futures offer 50x leverage, yet perpetuals increase those limits to 125x. The minimum maintenance margin rate on major markets is 0.4%, although the exchange increases the rate as position sizes surpass key thresholds. Trading more than $800,000 worth of ETH/USDT, for instance, raises the margin maintenance to 0.5%.

Perpetual futures carry funding rates every eight hours, similar to other popular derivative platforms. Fees rise in markets with weak liquidity, making perpetuals expensive to hold for long periods. XT Exchange shows the real-time funding rate and time above the pricing chart.

P2P Trading

Peer-to-peer (P2P) trading suits exchange users who want to buy or sell cryptocurrencies with market participants in their home country. Available P2P assets include USDT, BTC, ETH, USDC, Dai (DAI), Dogecoin (DOGE), Notcoin (NOT), Toncoin (TON), and Worldcoin (WLD). However, USDT and BTC offer the most liquidity.

While XT Exchange provides an escrow system to mitigate the risks of scams, buyers transfer funds directly to sellers. The advantage is that buyers use local currency to avoid foreign exchange fees, and they choose from a much larger range of payment methods.

EUR purchases, for instance, include SEPA transfers, Neteller, Skrill, Revolut, Wise, Payeer, and Perfect Money. Local bank payments are available too, which are usually fee-free and instant. Buyers input their P2P parameters like the receiving asset, preferred payment type, and purchase amount, and XT Exchange lists available sellers.

Similar to other top P2P crypto exchanges, buyers make informed purchase decisions by assessing the seller’s price, previous trades, rating, and average transfer time.
Before buyers complete the payment, they wait for sellers to transfer cryptocurrencies to XT’s escrow wallet. Sellers release those coins or tokens once they get the payment.

Staking

XT.com users earn competitive yields on idle exchange balances. The platform supports multiple DeFi products, including on-chain staking.

ETH, SOL, and Cardano (ADA) are the most popular staking pools, and these assets offer APYs of 4.8%, 7.6%, and 3.6%, respectively. While users stake assets on the chosen blockchain, XT provides flexible lock-up terms. This structure allows users to withdraw their assets at any time.

Besides on-chain staking, XT users access centralized finance (CeFi) tools. As these products incur counterparty risks, yields are typically more competitive. Users earn up to 6% on ETH savings accounts, and terms range from flexible to 365 days. Stablecoins like USDT and USDC offer yields of up to 15%, which lets holders accumulate regular interest payments without volatility.

XT.com Activity Hub

The XT.com activity hub provides access to a range of Web 3.0 features to help users maximize crypto returns. Each feature offers varying risks and potential rewards, and the most popular products include:

• Launchpad: The platform provides a launchpad for upcoming crypto projects, which lets investors buy tokens before the public exchange listing. Over 14,000 launchpad participants have invested in more than 140 new projects, and the highest return for early buyers is 8,600%. Once the projects complete the fundraising event, XT lists its native tokens on its spot exchange.
• Launchpool: Users stake established cryptocurrencies to earn rewards in undervalued assets. A recent campaign let users stake USDT to earn GOHOME (GOHOME) at a 37.24% yield. As USDT stakers avoid volatility, they earn free launchpool tokens with minimal risk.
• Rewards Hub: XT account holders complete tasks to earn free bonuses, paid in USDT vouchers. Simple tasks include completing KYC (optional), making a deposit, and placing a spot and futures trade. Users earn $888 in USDT when they complete all available tasks.
• XT Airdrop: XT is the platform’s native token. Exchange users who stake at least 20 XT for five days receive airdrop rewards in a range of cryptocurrencies, including BOMO on Base (BOMO), Pepecoin (PEP), and Bomet (BOMET).

XT Mining Zone

XT Exchange offers cloud mining services for multiple proof-of-work blockchains. As users purchase shares in mining rigs, they do not require hardware devices, which are expensive and energy-intensive.

Supported mining cryptocurrencies include Ethereum Classic (ETC), BTC, and Kaspa (KAS). Cloud mining prices vary by the coin and the hashrate. Buying 0.1 terabytes in the KAS blockchain costs just 72 USDT, while a 1-terabyte purchase is 611 USDT. This framework ensures mining shares suit all investment budgets.

XT distributes mining rewards daily and applies average commissions of 5%. The built-in hashrate calculator lets users evaluate their potential mining payouts.

XT Exchange Fees

Our XT.com review analyzed spot and derivative commissions, as well as non-trading fees like deposits and withdrawals. We then compared them to the lowest-fee crypto exchanges to assess competitiveness.

Spot Trading Fees

XT.com charges variable commissions on entry and exit orders. Percentage rates depend on the user’s account tier and whether they hold XT tokens.

The maximum spot trading commission per side is 0.2%. Non-VIP traders who hold XT reduce their commission to 0.15%. Unlike many online exchanges, XT does not offer reduced spot commissions to market makers.

To increase the VIP level, platform users must trade $5,000 in a 30-day period. This account tier lowers trading commissions to 0.18%. The highest tier, VIP 12, offers spot fees of 0.02%.

Our analysis shows that XT.com remains more expensive than many spot exchanges. OKX and Binance charge 0.1% commissions without requiring users to hold tokens or meet 30-day minimum volumes. KCEX offers both makers and takers 0% commissions on all listed spot markets.

Derivative Trading Fees

Derivative trading fees remain constant for both perpetual and delivery futures. XT uses the maker-taker model for all account tiers, and non-VIP traders pay 0.04% and 0.06%, respectively.

Users who trade over $200,000 per month reduce their maker-taker fees to 0.038% and 0.0588%. High-volume traders who achieve VIP 12 pay 0.004% and 0.018%.

The exchange does not offer rebates to liquidity providers, which is a key drawback for professional traders. Additionally, unlike the spot exchange, the platform does not reduce derivative commissions when users hold XT tokens.

Trading commissions are in addition to funding eight-hour funding cycles. XT charges long or short traders depending on whether funding rates are positive or negative.

Fiat Purchase Fees

XT.com partners with OSL Pay to offer instant Visa and MasterCard payments. Users input the currency, digital asset, and purchase size, and XT provides the exchange rate. This structure includes fees in the quote. A user who buys $100 worth of Tether receives 96.3 USDT, which reflects an approximate fee of about 4%.

Third-party payments are a separate option, and partnered fiat gateways include Mercuryo, MoonPay, Simplex, and Unlimit. Each provider quotes varying exchange rates based on the purchase parameters. Users must review quotes against spot prices to evaluate fees.

Non-Trading Fees

XT Exchange does not charge deposit fees on wallet-to-wallet transfers.

Users pay variable withdrawal fees based on the coin or token. Bitcoin withdrawals cost 0.0001 BTC, which equals less than $4. Other network standards are typically much cheaper. Solana withdrawals cost just 0.005 SOL, and 4 DOGE for Dogecoin transfers.

Through third-party integrations, XT Exchange allows fiat withdrawals. Gateways provide withdrawal quotes based on the payout details, and they often average 3-5%.

XT.com Payment Methods

Despite its unregulated status, XT Exchange accepts a wide range of traditional payment methods, including:

• Visa
• MasterCard
• Maestro
• Google/Apple Pay
• Local and international bank transfers
• Western Union
• PayPal
• Skrill
• Neteller

Additional payment types, including local methods like mobile payments and QR codes, are available on the P2P platform. Users may also deposit and withdraw cryptocurrencies.

To withdraw fiat, users convert digital assets to their preferred currency via partnered fiat providers. Payout options include debit/credit cards, Google/Apple Pay, and SEPA.

Is XT Exchange User-Friendly?

We found that XT.com users enjoy a smooth and beginner-friendly experience, which includes account onboarding, payments, and general trading. New users skip cumbersome KYC requirements, and since the exchange requires an email or mobile number only, registration takes seconds. Account deposits are quick and hassle-free across crypto, instant buys, and P2P trades.

The XT trading platform suits all experience levels. The default trading screen layout shows order books, pricing charts, and market data. Seasoned traders may deploy more advanced tools like indicators and customize their trading screen. Custom metrics include colors, order types, numerical displays, price benchmarks, and trading rules for specific pairs.

Our XT.com review confirms that users easily navigate markets and instrument types. It separates the spot and derivative exchanges, as well as perpetual and delivery futures markets. The exchange offers separate menu areas for copy trading and DeFi tools like staking and savings accounts.

The mobile experience is also beginner-friendly. XT optimizes its iOS and Android apps to ensure easy navigation and fast trades. Both apps offer full functionality, including analysis tools, payments, and customer support.

Where is XT.com Available?

The XT.com user agreement confirms that the exchange prohibits users from just 10 jurisdictions:

• Canada
• China
• Crimea
• Cuba
• North Korea
• Singapore
• Sudan
• Syria
• The U.S.
• Venezuela

The user agreement states that attempting to open an account from a banned jurisdiction will result in account closure. However, we identified some discrepancies regarding enforcement.

The exchange does not implement KYC requirements (unless users withdraw more than $200,000 per day), and research shows that some users activate VPNs to circumvent restrictions.

XT.com also supports currencies and local payments from prohibited countries. For instance, while Canadians cannot use the platform, it accepts CAD payments via Interac e-Transfer. The key risk is that XT.com could trigger ID verification if it suspects platform misuse, which includes accessing the exchange from a banned location.

XT Exchange Customer Support and User Reviews

XT users access 24/7 customer service via live chat and support tickets. The support team operates in various global languages, including English, Arabic, Hindi, Russian, and Spanish.

To produce this XT crypto exchange review, we tested the live chat feature and were connected with an agent almost instantly. The chat box did not require us to interact with an AI bot or state the nature of our query, which shows an excellent customer experience.

We also researched XT.com’s reputation with the broader trading community. The Android app scores 4.3/5 on Google Play, based on over 5,550 reviews. iOS users rate the XT app 4.5/5.

While XT has a 2.4/5 rating on Trustpilot, the score is based on just 236 reviews. Trustpilot feedback shows that 1-star reviews often regard third-party issues such as fiat purchases or external bank transfers.

What are the Disadvantages of XT Exchange?

We found that XT Exchange scores highly in several key metrics, including its support for over 1,000 markets, KYC-free accounts with high transaction limits, and excellent customer support.

The exchange could improve in the following areas:

• Spot Trading Commissions: Unless users upgrade their VIP tier, they pay entry-level commissions of 0.2% per side. The exchange does not discount those commissions for market makers, despite them providing much-needed liquidity.
• Maximum Leverage Limits: XT users can apply leverage of up to 125x on BTC/USDT perpetuals; however, the platform reduces these limits to just 50x on delivery futures. It also offers lower multipliers on non-major markets, as well as when traders exceed position size thresholds.
• Spot Exchange Liquidity: While major pairs like BTC/USDT and ETH/USDT attract mid-tier liquidity, trading volumes on some small-cap markets drop to nearly zero. These cryptocurrencies become untradable, since users encounter widespread slippage and an inability to exit the market.
• Regulatory Framework: The XT Exchange operates without licensing. Its unregulated framework provides no government oversight, which increases counterparty risks. The trade-off is that unlicensed exchanges use strict ID verification processes, so traders must decide whether they prefer regulation or anonymity.

Best XT Exchange Alternatives

XT Exchange provides several benefits and drawbacks compared with other exchanges. Several platforms offer lower spot commissions and higher trading volumes; however, XT users enjoy complete privacy with substantial withdrawal limits. Other key differentiators include supported markets, maximum leverage limits, and available payment types.

Here’s how XT compares with other leading exchanges:

How to Get Started With XT Exchange

Follow our step-by-step walkthrough to get started with XT.com in under five minutes.

Step 1: Open an XT Exchange Account

Visit XT.com to open an account. Click “Sign Up” and register with an email address or a mobile number.

The system sends a verification code to the registered contact method. Input the code to complete registration.

Step 2: Secure the Exchange Account

Go to the “Security Center” to secure the account against unauthorized access. Activate recommended features like two-factor authentication (Passkey or Google Authenticator), email confirmations, and wallet address whitelisting.

Choose a custom anti-phishing code, which helps you recognize fake emails that impersonate the XT Exchange.

Step 3: Deposit Funds

XT Exchange allows users to deposit cryptocurrencies from a non-custodial wallet or buy some digital assets with traditional payment methods.

Crypto Deposits

Click the “Deposit” button on the top menu and choose a coin or token. Then select the required network. Choosing the wrong network causes a loss of funds.

The platform shows a long deposit address and a QR code. Review the minimum deposit requirement and complete the crypto transfer.

Buy Crypto With Fiat

Hover over “Buy Crypto” and select “Third-Party Payment”. This option provides access to a much larger selection of fiat gateways, which means more payment choices and competitive fees.

If you’re a long-term investor wanting to buy cryptocurrencies and withdraw funds to a private wallet, choose your preferred asset from the drop-down list. Alternatively, to actively trade crypto on the XT spot exchange or futures platform, purchase USDT. The stablecoin unlocks access to most markets.

Enter the purchase currency and amount, then select a payment method. Fiat gateways accept debit/credit cards, e-wallets, and both local and international bank transfers. Review the quoted fees and complete the payment.

Step 4: Choose a Trading Market

To trade on the spot exchange, hover over the “Trade” button and select “Spot”. Choose the “Derivatives” button to trade perpetual or delivery futures.

Both instrument types direct users to the BTC/USDT trading screen. Click the pair from the left-hand dashboard and search for the ticker (e.g., “WIF”, not “dogwifhat”) you want to trade.

Several markets may appear. The top market reflects spot trading, while the others are derivative products.

Step 5: Place a Crypto Trading Order

The XT Exchange order dashboard is located on the right-hand side of the trading screen.

Those new to the order book system must choose between a limit or a market order. Beginners prefer market orders, since exchanges fill them instantly at the next best available price. However, market orders are risky on non-major markets, as low liquidity causes high slippage.

Limit orders let users choose the execution price, which can be above or below the current price. The platform fills limit orders only when other exchange participants meet the required price.

Select an order type and enter the position size.

We also recommend setting a stop-loss order to ensure you mitigate potential losses. As long as the pair attracts sufficient liquidity, XT Exchange closes the position when other participants meet the stop-loss price.

Note: If you’re trading futures on XT.com, you must also choose a leverage multiplier.

Place the order to confirm the position.

Step 6: Withdraw Funds From XT Exchange

XT Exchange offers fast and seamless withdrawals.

To transfer cryptocurrencies to a private wallet, click the “Wallet” icon on the top menu. Then select the coin you wish to withdraw, and paste the destination wallet address. Once processed, the funds should arrive a few minutes later.

To withdraw fiat money, we recommend first swapping available account assets to USDT. This step ensures you receive the best market price from partnered fiat gateways.

Then hover over “Buy Crypto” and select “Third-Party Payment”. Change the form from “Buy” to Sell”, and select preferred fiat currency in the “I Will Receive” field.

Enter the amount of USDT tokens to convert and choose a payment method. Withdrawal options are limited to Visa, MasterCard, Google/Apple Pay, and SEPA.

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Eric Huffman

Eric Huffman's background includes a decade plus in business management as well as personal finance industry experience in insurance and lending. A strong understanding of consumer finance combined with a consumer advocate stance brought Eric to the crypto industry, where he writes articles and guides aimed at making crypto easier to understand.

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