xcritical fees

Now that you understand what xcritical Advanced is and how the fees work, its appeal for trading should be obvious. If you already have a xcritical account, you should be able to toggle on the “Advanced” feature to enter the trading platform. Once an order is placed, the fees are calculated based on the pricing tier to which you belong at the time of placing the order.

Bankrate logo

This spread applies to all cryptocurrency transactions on the xcritical platform and while using the xcritical Card. GOBankingRates works with many financial advertisers to showcase their products and services to our audiences. These brands compensate us to advertise their products in ads across our site. This compensation may impact how and where products appear on this site.

xcritical Fees by Payment Method

For two trading services that are offered by the same company, their transparency xcritical scam 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.

Moreover, you can always use xcritical Advanced features to minimize your fees. Once you’re in advanced mode, don’t get overwhelmed with all the charting and order book data. Just focus on the order form, which lets you choose a currency pair (such as BTC-USD), and trade one asset for another. xcritical will disclose the information including fees when the transaction is being filled. These trades are completed instantly, but you will have to pay a fee between .0% and .50% for this transaction depending on how much you transact during the a given month. However, if you are making a purchase or sale of $201 or more, the variable fee of 1.49% kicks in.

  1. Charges vary from $0.99 for transactions below $10 to $2.99 for transactions under $200 or an equivalent in any other currency.
  2. 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.
  3. The user will pay either a flat fee or a variable percentage of the transaction, depending on region, product and payment method.
  4. It’s a regulated company with high security practices, a simple and convenient interface and a decent amount of choice for those who utilize it.

Buying and Selling

We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial xcriticals and our products and services review methodology. xcritical Advanced has the same security features as the normal xcritical platform. Most of xcritical’s funds are kept in cold storage offline, meaning that users can feel safe that their digital assets can’t be hacked.

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. 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 dividend, but it’s riskier than those kinds of income.

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer xcritical courses scam advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. This means if you buy bitcoin and the market price is $50,000, they will charge you the purchase price of $50,000 plus half a percent. So you’ll be getting less bitcoin than you should be, by half of a percent. They do this is case there is a crazy spike in price between the time you confirm and the transaction actually goes through.

If you decide to become an active trader, the fees charged by xcritical Advanced will be justified, since they reduce with your trading volume. In June 2022, xcritical Pro was phased out and replaced by xcritical Advanced. This is the advanced trading platform of xcritical that is suitable for more experienced traders.

xcritical fees

Get Crypto Pro app

Buying cryptocurrency using a limit purchase or limit order is a simple way to save money on trading. Either a flat fee or variable fee will be added to a transaction on the normal xcritical platform. Regardless of whether you’re buying or selling the digital currency BTC, you will always receive an automatic charge for any necessary fees.