IS XT.COM A SCAM? READ THIS BEFORE SIGNING UP

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Blockchaingalaxy

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XT.COM crypto exchange is registered in Seychelles and has operation centers in different countries. Is XT.COM a Scam? What does the community say about it? Let's find out through the following article!

XT.COM OVERVIEW

XT.COM exchange was established in 2018 and registered in Seychelles. Its operating headquarters is located in Dubai. It has operation centers in Singapore, Seoul and other countries and regions, and its business covers the world.

The platform owns the global top-level domain www.xt.com, and currently has more than 3 million registered users, more than 300,000 monthly active users, and more than 30 million users in the ecosystem. XT.COM Exchange offers its traders diversified trading categories. It is the first exchange that provides interest-free margin trading and charges the lowest service fee.

XT.COM is a comprehensive trading platform that supports 500+ high-quality currencies and 800 trading pairs. It has a rich variety of transactions such as currency transactions, leveraged transactions, OTC transactions, contract transactions, and credit card purchases. Provide users with the safest, most efficient and professional digital asset investment services.

The XT exchange platform has many features and includes various trading categories. The security provided by them keeps it safe from any intruder who unwillingly tries to enter the system. Moreover, there are a large number of tokenized assets and cryptocurrencies present on the exchange. However, there are many points that need to be improved.

As marketplacefairness.org has written that: “Although there are many aspects of XT.com that I admire, there are some things, discussed below, that can create a few hassles for users.”
  • Dependent on third-party payment services:
Offering several payment options through third-party merchants is not bad in and of itself. In fact, third-party merchants make it easier for platforms to support several payment channels without facing many problems.

However, third-party merchants can charge ridiculously high fees. They charge anywhere between 2% and 5% for every transaction. Such fees could be lowered if XT.com owned and systemized their own payment methods.
  • Lack of guides and informational posts:
Although the customer support at XT.com is quite good, it would be even better if the exchange offered their users informative guides and posts. Not everyone enters the blockchain industry with precise and accurate knowledge of trading and investing. People might need help understanding how things work and where to start, but unfortunately, XT.com contains no such information.

Client Reviews​

  • The Scam Detector’s algorithm finds www.xt.com having a medium-authoritative rank of 64.7. This rating means that the business could be classified as Known. Standard. Active..​
  • Trustpilot. XT.com has got many positive (70%) and not many negative reviews (29%) and traders who traded with this broker have raised many complaints against it. Bittrex currently scores 3.8 out of 5 stars on Trustpilot. This is a good rating. Not many exchanges get this store on Trustpilot. Below are some customers service reviews that we have collected from Trustpilot.com:​




Is XT.COM a Scam? We are still confused if XT.COM is a scam or not. The project has received many positive feedbacks but there are also negative comments as well. If you were or are a client of XT.COM, please leave your impressions about the company's work at the comment section down below.
 

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