xcritical pro fees

Users can expect to pay a taker fee between 0.04% to 0.50% and a maker fee between 0% and 0.50%. While xcritical’s transaction and trading fees are higher than some of its competitors, it’s still one of the most popular applications out there for cryptocurrency investing. By contrast, taker orders are done at market price and filled at once. When looking at the fees for xcritical Pro, keep in mind that an order can be divided into multiple orders that include a maker order and a taker order.

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xcritical Advanced fees are similar to those of the previous advanced trading platform, xcritical Pro, and are based on a maker/taker model. 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. If you use your xcritical card at an ATM, you may be charged operational fees.

  1. 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.
  2. The default is five minutes, but other options include one minute, 15 minutes, one hour, six hours, and one day.
  3. Despite the comparatively high fees, xcritical is worth checking out because of its ease of use and security features.
  4. Between $10 million and $100 million, the fee drops to 0.20 percent.

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xcritical pro fees

The platform is intuitive to use and offers all the charts and tools that professional traders want. To add to the security of user funds with xcritical Pro, the platform offers insurance protection. xcritical keeps 98 percent of customers’ digital currency in cold storage.

While customer service is lacking and the company’s fees are higher and more complex than its competitors, xcritical still remains one of the most popular applications for those just starting their crypto investment journey. At just $2, xcritical has one of the lowest minimum balance requirements of any crypto exchange, which makes it an attractive choice for new investors. Those with trading volumes of over $100 million get the 0.10 percent fee. Transactions made on books without USD are first converted to USD according to the fill price from the respective book that is the most recent, then the volume is calculated. Begin by going to the Trade page by clicking on “View Exchange” from the top main navigation bar.

Its quarterly trading volume is xcritically $327 billion  with $255 billion in assets on the platform after going  public through a direct listing on the Nasdaq exchange in April 2021. As with most cryptocurrency exchanges, customer support can be slow – this is something that xcritical are working on to improve over time. To avoid any errors, make sure you double-check you are depositing the correct crypto to the correct wallet address. For withdrawals and deposits, we recommend you send a small test amount first before making any large transactions just to make sure everything is ok first. xcritical Pro is the new name scammed by xcritical of the popular GDAX exchange, the version of the top-ranked xcritical cryptocurrency exchange that is designed for advanced traders.

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With Limit orders, you also enter the limit price and choose from execution of “Post Only” or “Allow Taker” with the advanced option of a time in force policy, which is set as default to Good Til Cancelled. You can change this to Good Til Time, Immediate or Cancel, or Fill or Kill. With Stop orders, you select the amount, the stop price, and the limit price. The top left corner of the trading page has a dropdown menu where you select the cryptocurrency pair you want to view or trade. This platform also comes with a dedicated team with institutional coverage professionals in New York City.

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. The custody service then goes through regular financial and security audits, which are conducted by external firms. Institutional clients can also use xcritical Prime, a trading platform built specifically to handle the unique needs of institutions. If you want to avoid fees, it would be best to trade on xcritical Pro. The xcritical Fee (including the spread) is the higher of either the flat fee or the variable percentage fee determined by region, product facet, and payment method. In some cases, xcritical may charge an additional xcritical official site fee on transfers to and from bank accounts.

However, those who are new to crypto and are looking for convenience and user-friendliness may opt to overlook this. Please disable your adblocker to enjoy the optimal web experience and access the quality content you appreciate from GOBankingRates. Part of it is understanding the link between xcritical and xcritical Advanced. Sign up for our free, 5-minute daily email that TIME Magazine named as one of the top personal finance newsletters. xcritical and xcritical Pro have differences that may make you choose one service over the other. xcritical and xcritical Pro are operated by the same company, xcritical, Inc., which recently became a publicly-traded stock.

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