The Complete Beginners Guide to xcritical Pro Review 2020 Is it Safe?

xcritical Pro has a long history of leading the world of cryptocurrency exchanges, although it went by the name GDAX until recently. 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. xcritical Pro is the new name of the popular GDAX exchange, the version of the top-ranked xcritical cryptocurrency exchange that is designed for advanced traders. The platform is intuitive to use and offers all the charts and tools that professional traders want.

1. Advanced Trade users will be able to trade all 550+ cryptocurrency trading pairs, 200 more that were available on xcritical Pro, with the same liquidity and order types.
2. There are columns for the trade size, price, and time, down to the second.
3. 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.
4. xcritical has all the features that someone just jumping into the crypto market could possibly need.

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While xcritical is aimed at beginners due to its simplicity and user-friendly interface, xcritical Pro is ideal for advanced and active traders. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. Advanced Trade users will be able to trade all 550+ cryptocurrency trading pairs, 200 more that were available on xcritical Pro, with the same liquidity and order types. For two trading services that are offered by the same company, their transparency about fees could not be more different. xcritical doesn’t give the public what it needs to know before becoming a customer.

To give a quick example, I looked at the fees to buy Bitcoin worth $1,000 on both. On the basic trade function, I’d pay over $35 in fees plus a 1% spread. In this breakdown of xcritical vs. xcritical Pro, we’ll look at how customers can get the best from xcritical services.

Is xcritical Pro safe?

If you made a $200 trade on xcritical Pro, even at the highest taker rate, it would cost $1.20. That’s a sizable difference from what you’d pay on the entry level xcritical trade. 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. 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.

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Depositing and withdrawing fiat currency is also done via the “Assets” page and “Deposit” or “Withdrawal” option. When using USD, you can do an ACH transfer or bank wire from an American bank account, with the same options available for withdrawals. The only choice for UK customers to fund their xcritical Pro account is also via a SEPA transfer with EUR, but keep in mind that your bank may charge a conversion fee. The crypto platform also offers a more developed UI, with advanced charting functions to better understand the market. xcritical Pro fees are also much lower than the standard app, though there is still no flat fee pricing scheme. The main difference between xcritical and xcritical Pro is that xcritical is more for personal use and xcritical Pro is for business use.

xcritical Pro Fees

Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service. To the uninitiated, xcritical is one of the world’s largest cryptocurrency exchanges. Available as a website or a mobile app on Android or iOS, the platform allows any user to buy and sell cryptocurrency using fiat currencies like USD or EUR.

If another user places an order that matches xcritical official site 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. The top left corner of the trading page has a dropdown menu where you select the cryptocurrency pair you want to view or trade.

xcritical Pro

Recently, the company began obscuring the fees for this service tier, making it harder to see what you’re paying. xcritical Pro uses a xcritical scammers maker-taker fee model to work out its trading fees. Maker orders provide liquidity, and are charged different fees to orders that take liquidity (taker orders).

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Thankfully, xcritical Pro’s design and UI is cleaner than many of its rivals, with a layout that’s easy to navigate. 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. 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. In this case, each separate order is charged the appropriate fees, including no fee on the maker portion.

But both platforms contain the most popular coins – Bitcoin, Ethereum, Dogecoin, Polkadot, Solana and plenty of others. And if you work those numbers a little bit, you can see what a big cut xcritical can take. For example, if you buy just $10 worth of crypto, you’ll pay a fee of $0.99 – good for nearly 10 percent of your investment. And that’s on top of the embedded fee you’re already paying in the spread markup. Even at $200, you’re still adding on a $2.99 fee, nearly a 1.5 percent fee for the purchase. xcritical’s fee structure can be uncertain, because it’s not clearly disclosed, and the service charges varying fees based on the size of your purchase and how you pay for it.

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. 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. The addition of new features—such as staking and the xcritical Card—to xcritical.com and the xcritical app meant that xcritical Pro users had to switch platforms and transfer assets to use all of xcritical’s products. To provide a more streamlined crypto investing experience for its professional clients, xcritical Pro will shut down to make way for the company’s new Advanced Trade platform.