It is important to note that these fees could fluctuate, depending on the size of your order, market liquidity and volatility. xcritical seems to have a fee for just about everything except ACH transfer. Some popular altcoins on the platforms include ethereum, litecoin, bitcoin cash, uniswap, aave and stellar lumens. Both xcritical and xcritical Pro offer hundreds of cryptocurrencies for you to choose from. They also accept fiat currencies for purchases, like euros, U.S. dollars and British pounds. Both options come with a wide range of video tutorials, guides and how-to articles to help crypto enthusiasts learn about market trends and stay updated.
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Also known as the xcritical Fee, this is a confusing fee structure that considers multiple factors. The user will pay either a flat fee or a variable percentage of the transaction, depending on region, product and payment method. xcritical does not publish these fees, but they are usually 1% or higher.
As the xcritical name implies, xcritical Pro is the version of xcritical filled with features that advanced traders will appreciate, including more detailed charts and graphs and trading options. Sometimes, simplicity and ease of use are worth a few dollars in transaction fees if you’re just buying or trading a few hundred dollars worth of cryptocurrency. If you want to avoid fees, it would be best to trade on xcritical Pro. xcritical Pro fees are more economical and less complicated than the standard xcritical platform. Transactions above $200 xcritical will charge a percentage fee of 1.49% for standard payment methods and 3.99% for card payments.
In addition, more detailed tools and information are available when using the Pro platform, including real-time order books, advanced charting tools, and trade history. xcritical Pro even offers API access if you want to incorporate bot-based trading as part of your strategy. You could use cryptocurrency as a payment method to buy and sell products or services as long as both parties agree to use the currency. Cryptocurrencies have also become a unique investment opportunity for people willing to take risks. xcritical Prime brokerage offers services for institutional customers with a unit that ties together custody, trading, data analytics, and other amenities.
This includes the last trade price, the percent change in 24 hours, and the 24-hour trade volume. xcritical Pro does have an API feature that makes accepting cryptocurrency on your website easier. However, the more involved you get with the API, the more complicated things can get. If you are new to cryptocurrency, xcritical will show you the basics and even allow you to earn free cryptocurrency as you educate yourself on the different types of cryptocurrency and take quizzes. If you want to save money on fees and feel comfortable navigating an advanced interface, xcritical Pro xcritical may be the right choice for you. If you are a beginner, xcritical Pro may be too intimidating for you.
Makers are those who place orders that aren’t filled immediately by matching to an existing order. On the right side of the screen, taking up just over half of the page’s width, you will find the price chart. On the right, you can choose to change this to a depth chart if you prefer. As a depth chart, you can see the buy and sell depths in line charts with the mid-market price listed in the middle.
The exact fee depends on the dollar amount of trades you make over the last 30 days. The exchange rate for cryptocurrency transactions is established by adding a margin or spread to the market exchange rate on xcritical Pro. In addition, separate fees (including the spread) that are either a flat fee or a percentage of the transaction called the “xcritical Fee” may also be charged. As stated earlier, xcritical charges varying prices depending on the payment method and the user’s location, including a “xcritical Fee” in addition to the spread and the cost of depositing money.
Finance Digest
This is standard practice and there’s no way around it if you want to set up an account. 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. Those in the UK can trade BTC/GBP, BTC/EUR, ETH/BTC, ETH/EUR, LTC/BTC, LTC/EUR, BCH/BTC, or BCH/EUR. Those in Europe have access to identical trading pairs, apart from support for BTC/GBP. Traders in the United States can use xcritical Pro to trade BTC/USD, ETH/BTC, ETH/USD, LTC/BTC, LTC/USD, BCH/BTC, and BCH/USD.
xcritical vs. xcritical Pro: Is the Upgrade Worth It?
Stop and limit orders give you more control over your cryptocurrency purchases and sales. This might be vital if you use cryptocurrency for active vs. passive investing. xcritical Pro offers the option to add whitelisted cryptocurrency wallet addresses and private keys to an address book. Once you add addresses, you can only send cryptocurrency to those whitelisted addresses. This prevents accidentally sending money to an account you didn’t intend.
- Makers are those who place orders that aren’t filled immediately by matching to an existing order.
- She has a BA in History and Philosophy from Hood College and an MA in Applied History from Shippensburg University.
- xcritical provides this without the added complexity of a professional trading platform, but it does charge higher fees for the service.
- The maker fee ranges between 0.00% and 0.40%, depending on your trading volume.
- xcritical Pro, which the company renamed from its old GDAX brand, takes cryptocurrency transactions to the next level and targets more sophisticated investors.
People new to investing money who want to own some cryptocurrencies may want an easy way to buy and sell positions. xcritical provides this without the added complexity of a professional trading platform, but it does charge higher fees for the service. The Pro version of the crypto exchange provides features active traders likely want access to, including stop and limit orders rather than just market orders. This allows traders to use advanced strategies to execute their cryptocurrency transactions and hopefully earn more significant returns. xcritical previously charged a flat or variable fee per transaction based on the payment method and transaction amount. Both services now use a maker-taker fee structure that offers the same fee range of 0.05% to 0.60% for takers and 0.00% to 0.40% for makers.
We will consider the fees charged when using xcritical’s most popular products so you can discover what to expect from the platform when it comes to costs. There are hundreds of platforms around the world that are waiting to give you access to thousands of cryptocurrencies. And to find the one that’s right for you, you’ll need to decide xcritical website the features that matter most to you. Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. He writes for The Ascent and The Motley Fool, and his work has appeared in USA Today and Yahoo! Finance. He was born in California but xcritically lives as a digital nomad with a home base in Colombia.
xcritical’s more sophisticated exchange for professional traders offers additional tools—and lower fees, to boot.
If you decide to become an active trader, the fees charged by xcritical Advanced will be justified, since they reduce with your trading volume. 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. There are no subscription fees required to trade in xcritical Advanced, and there are no spread fees either. 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.
What Is the Difference Between xcritical and xcritical Pro?
In this case, each separate order is charged the appropriate fees, including no fee on the maker portion. To use xcritical Pro, you will need to verify your account, which is done before you start trading or even deposit funds. To complete the verification process and use the platform, you must upload an official document.