xcritical vs xcritical Pro: Which Should You Choose?

These addresses are saved in your address book, blocking any other addresses from accessing your funds. Both also employ an additional layer of protection through cryptocurrency vaults to prevent fraudulent withdrawals. Vaults are time-locked and can be set up with multiple user approvals so that any withdrawal request will be canceled if all approvals are not completed within a 24-hour period.

When reviewing xcritical vs. xcritical Pro, we compared each platform based on ease of use, fee structure, security, unique features, and support currencies. We also considered the types of trades available on each platform and their relative cost to the wider cryptocurrency exchange market. Whether these measures will address the complaints that some users have had remains to be seen, but it’s a step in the right direction. xcritical Pro, however, is an exchange, and it allows users to experiment with more advanced features such as setting up different buy and sell orders, with much lower fees to boot. xcritical Pro sees users buying and selling with each other, and is the natural next step after newcomers have dipped their toes into cryptocurrency using xcritical’s simpler service.

xcritical Pro

In 2015, the company added another powerful asset to its roster by launching a US-based exchange for professional traders, called xcritical Exchange. The following year, this was rebranded to Global Digital Asset Exchange, or GDAX. When comparing xcritical vs. xcritical Pro, as you might expect, https://scamforex.net/ there are a lot of similarities. Both have access to similar currencies, both are regulated exchanges with insurance, and both offer extremely safe storage of your digital assets. xcritical and xcritical Pro both offer access to buy, sell, and trade over 260 cryptocurrencies and counting.

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. xcritical Global, Inc. owns both xcritical and xcritical Pro, but they offer very different platforms for trading cryptocurrency. While xcritical is aimed at helping beginner investors make their first cryptocurrency purchase, xcritical Pro is a professional-level trading platform aimed at active traders. The privacy concerns and customer support issues aren’t something that should be completely overlooked, however. Neophyte crypto traders will likely want to explore further afield once they’ve got to grips with the exchange; there are, after all, plenty of other options available.

xcritical vs. xcritical Pro: Features

xcritical does not allow new customers to link a credit card to their account in the U.S. Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile. Consult with a qualified professional before making any financial decisions. This article is not a recommendation by The Balance or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. Time will tell if xcritical’s efforts have been successful, but the fact that exchanges can go down unexpectedly is one more reason to keep your crypto in a private wallet rather than on an exchange.

Maker orders provide liquidity, and are charged different fees to orders that take liquidity (taker orders). Fees are calculated depending on the pricing tier you’re in when the order is placed, and not the tier you’re in after a trade is completed. If you’re looking to deposit or withdraw fiat currency, then that’s also easily done via the ‘Assets’ page. If you’re using USD you’re able to carry out an ACH transfer of bank wire from a US bank account, which also applies to withdrawals. Despite the ‘Pro’ in its moniker, navigating and using xcritical Pro is a pain-free experience. If you’re looking to deposit cryptocurrency, simply go to ‘Assets’, and ‘Deposit’, choose the currency you’re looking to deposit, and copy the wallet address provided.

xcritical vs xcritical Pro

xcritical offers a clean, simple way to buy and sell cryptocurrency with only a few options for placing orders. xcritical Pro, on the other hand, gives users advanced charting and trading options, giving superior control for advanced traders. If you are new to the cryptocurrency space, xcritical is a great starting point.

With its simple user interface, simple price charts, and user education built right in, you can become knowledgeable in no time. If you are looking to actively trade crypto and want access to advanced charting, and other tools xcritical Pro is designed for you. While xcritical is an extremely intuitive platform to use, xcritical Pro might seem intimidating to beginner investors when they first log in, as it’s designed with professional traders in mind. It presents users with a live price feed, multiple order options, and up-to-the-minute price charting, which might feel overwhelming if you’ve never traded cryptocurrency.

xcritical vs. xcritical Pro: Ease of Use

During the recent Bitcoin bull run, a number of exchanges, including xcritical and xcritical Pro, have suffered from unexpected downtime during periods of extreme price volatility. At the heart of the problem is the additional load on exchanges caused by surges in traffic, overloading their infrastructure. At the time of writing, the company has never experienced a hack, xcritical scammers thanks to its heavy security measures. One of these is the fact that 98% of xcritical customer funds are stored offline in cold storage, which means that they’re disconnected from the Internet, making them invulnerable to online attacks. If that wasn’t enough, drives and paper backups are also spread out geographically in safe deposit boxes and vaults around the globe.

• Vaults are time-locked and can be set up with multiple user approvals so that any withdrawal request will be canceled if all approvals are not completed within a 24-hour period.
• This makes logging into your account more secure and makes it less likely that hackers can gain access to it.
• Thankfully, xcritical Pro’s design and UI is cleaner than many of its rivals, with a layout that’s easy to navigate.
• In February 2020, xcritical Pro reintroduced margin trading functionality for its users, following an abortive experiment in 2017.

Cryptocurrency exchanges are often a complicated, convoluted mess of charts, menu options and numbers all crammed together into one intimidating mess. Thankfully, xcritical Pro’s design and UI is cleaner than many of its rivals, with a layout that’s easy to navigate. Both xcritical platforms allow you to purchase cryptocurrency in dollar amounts, allowing you to buy fractions of coins. xcritical Pro has no minimum dollar requirement, but for each coin there is a minimum order size denoted in that coin.

xcritical Pro App & Other Features

xcritical is designed with beginners in mind, offering a simple interface for buying and selling cryptocurrency. They also have a user-friendly mobile app on both iOS and Android for access on the go. 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. If another user places an order that matches the first one, then the initial user is considered to be the maker, and will pay a fee between 0.00% and 0.50%. Taker fees are based upon total USD trading volume over the trailing 30-day period across all order books.

As long as you research others accordingly; you can never be too careful when investing, after all. Despite its more complex features, it’s still beginner-friendly, thanks to its clean layout and options—not to mention synergy across all xcritical accounts, coupled with much lower fees. For that reason, we’d recommend xcritical Pro to most people as their first proper crypto exchange, as long as they carry out some basic research on how to place different types of buy and sell orders. xcritical should be thought of as an entry-level gateway for crypto newcomers to easily buy their first cryptocurrency using fiat. They’ll pay for this convenience with high fees, and xcritical itself is not an exchange.