XT Exchange Review (XT.COM)

With more than 900 listed cryptocurrencies, XT.com (XT.COM) is one of the most diverse exchanges for hunting altcoins and fresh projects. It has been operating since 2018 and, alongside spot, offers a futures market with up to 100x leverage.

XT.com is Bitfa's official partner. If you're looking for coins that haven't been listed on the big exchanges yet, XT.com's fast listings make it an appealing choice — and signing up with Bitfa's link gets you a sign-up bonus too.

XT.com was founded in 2018 and today, with more than 900 listed coins, is one of the most diverse exchanges in the world. Its strategy is to list emerging projects quickly, which is why it is popular with altcoin hunters.

XT.com was launched in 2018 and is headquartered in Seychelles. The exchange aims to provide a secure, fast platform for buying and selling digital assets, and today it lists more than 800 cryptocurrencies. XT.com supports spot, futures and margin trading, and even copy trading, which makes it a good fit for beginners and professional traders alike.

What Is XT.com?

XT.com is known as a gateway into the world of digital assets. It supports a large number of cryptocurrencies, including Bitcoin, Ethereum and popular altcoins, and also offers trading on OTC (over-the-counter) markets. With its focus on low fees and high leverage (up to 125x on futures), the platform suits beginners and professional traders alike.

In terms of rankings, CoinMarketCap data for 2025 puts XT.com at around 20th among the world's top exchanges for spot trading and 8th for futures trading, ahead of exchanges such as Kraken and Bitfinex (though below KuCoin). Its daily spot trading volume is around $1.6 billion.
To master this exchange's trading tools, our comprehensive guide to spot and futures trading on XT.com covers every practical tip you need to place your trades.

As for user numbers, XT.com has more than 7.8 million registered users, over 1 million monthly active users and more than 40 million users across its wider ecosystem. These figures reflect the platform's rapid growth since its founding and have made it one of the most popular exchanges on the global market.

Keeping your digital assets safe is every trader's top priority. In our article on XT.com security, we review the platform's protection protocols and standards.

Trading Symbols on XT.com

High-volume trading symbols on XT.com include the following:

• BTC/USDT
• ETH/USDT
• ADA/USDT
• XT/USDT
• LTC/XT
• TRUMP/USDT: a new symbol recently listed in the “Innovation Zone”.
• XEM/symbol opt-in: refers to XT.com's support for the “Symbol Opt-in” process for XEM (NEM's coin).

XT.com for Iranian Users

XT.com serves Iranian users and is one of their most popular choices, because you can trade without identity verification (KYC). Iranian users can also verify their identity on XT.com with a passport or driving license plus their national ID card.

To choose the trading platform that best fits your needs, we recommend reading our in-depth comparison of Toobit and XT.com.

Trading Without Identity Verification

XT.com lets Iranian users trade without completing identity verification (KYC), which makes it suitable for people who don't want to submit ID documents. However, limits apply, such as a daily withdrawal cap (usually up to 2 BTC without KYC).

Access Without a VPN

As for VPNs, we recommend using an IP-changing tool to reduce potential risks, since access from an Iranian IP address may come with restrictions. That said, using the exchange without a VPN is currently possible too, and many Iranian users log in to the site without any problems.

Persian Language Support on the XT.com Website and App

The XT.com website supports Persian, and its interface is also available in English, Chinese and several other languages. This is great for beginners and makes the interface easier to use.

Crypto loans available

Iranian users can also take out crypto loans using their digital assets as collateral. This helps users who need liquidity to put that capital to work without selling their assets.

Iranian users can also take part in staking, Savings or other passive-income tools with their digital assets, so anyone who prefers passive investing can make use of these options.

Is XT.com Legitimate and Safe?

With more than 8 years of history, XT.com is one of the established global exchanges. By complying with MSB standards in the US and DMCC standards in the UAE, the platform enjoys strong credibility, although Dubai's VARA recently issued warnings about its unlicensed operations.

• Evidence of credibility: monthly proof of reserves using a Merkle tree, and 1:1 reserves for user assets.

• Comparison with competitors: unlike MEXC, which has many reported hacks, XT.com has had only one minor incident, in 2024, and compensated users quickly.

XT.com's License in the United Arab Emirates

XT.com received a DMCC license from the Dubai Multi Commodities Center in 2023, covering trading and custody activities. The license emphasizes AML and KYC compliance and confirms XT.com as a legal company in the UAE. However, in November 2024 VARA warned that XT.com does not hold a full license for virtual asset services in Dubai and that its operations there are considered unlawful.

• DMCC license details: permission to trade, advise on and manage digital assets, with a focus on transparency. This gives users access to local banking services and lets traders in the Middle East trade with a high level of security.

XT.com's License in the United States

XT.com operates in the US under an MSB (Money Services Business) license from FinCEN, which covers money transfers and currency services. The license has been valid since 2018 and requires XT.com to report suspicious transactions. However, XT.com has not obtained SEC or CFTC licenses for derivatives trading, so US citizens face restrictions on using it.

XT.com's Reserves

XT.com proves its reserves with a Merkle tree system that shows a 1:1 ratio of assets to user balances. The report for the second half of 2024 showed more than $104 million in exchange reserves, mostly in BTC and ETH.

Users can check the wallet addresses themselves without their personal information being exposed. Monthly reports and 100% cold storage at the exchange reduce the risk of hacks.

What Caused the Latest XT.com Hack

The most recent XT.com hack took place in November 2024, when around $1.7 million was drained from the exchange's hot wallet. The main cause was a vulnerability in the wallet infrastructure that the hackers had found and exploited. The hacker converted the stolen assets into 461.58 ETH and moved them to an external wallet. XT.com immediately suspended withdrawals and fixed the problem within a few days, and deposits and withdrawals now work without issue. The incident was reported by security firms such as PeckShield, and XT.com upgraded its systems to prevent a repeat. The hack had little impact on users, because XT.com covered the lost assets and strengthened its security.

Advantages of XT.com

Thanks to its distinctive features, XT.com is an attractive option for traders around the world. Below we look at the key advantages that set it apart from its competitors:

• A wide range of cryptocurrencies: XT.com offers more than 1,065 cryptocurrencies and 1,181 trading pairs, including Bitcoin, Ethereum, new altcoins and emerging tokens. This variety lets users build a diversified investment portfolio.
• Competitive fees: XT.com charges low fees on spot trading (0.2% for both maker and taker) and on futures (0.06% for maker and 0.04% for taker). There are also discounts for users who pay with the exchange's native token.
• High leverage on futures: XT.com lets you use up to 125x leverage on futures trades, which is very appealing to professional traders chasing large profits.
• A simple yet professional interface: The XT.com platform has a user-friendly design that works for beginners and pros alike. Advanced tools such as TradingView charts are also available.
• Diverse financial services: XT.com offers services such as copy trading and OTC trading, giving users several different ways to earn.
• 24-hour support: XT.com's customer support is available 24/7 via live chat and tickets, with fast response times (2 to 4 minutes on chat).
• Incentive programs and bonuses: XT.com offers a variety of bonuses, such as sign-up rewards and trading prizes, which give new users a strong incentive.

Drawbacks of XT.com

Despite its many advantages, XT.com, like any other platform, has drawbacks that users should weigh before signing up. Two important ones are:

• Limited regulation: XT.com's licenses in the UAE and the US have expired, and it lacks strong regulation such as FCA or CySEC oversight. This may concern cautious users.

XT.com Features

XT.com offers a wide range of features that make it a comprehensive platform for traders. Based on a review of the official website and reputable sources, the key features are:

Staking

Staking on XT.com is one of the most popular ways to earn passive income. Users can lock up coins such as ETH, DOT or other tokens to earn annual returns. The key feature is an APY of up to 20%, depending on the coin and the lock-up period (flexible or fixed). Requirements include a minimum staking amount (usually 10 units of the coin) and a lock-up period of at least 7 days for the higher rates. A special Proof-of-Stake (PoS) option lets you take part in PoS networks and earn rewards without any hardware. This makes it ideal for beginners, because the exchange takes care of running the nodes and reduces slashing risk.

Copy trading

Copy trading on XT.com lets users automatically copy the strategies of professional traders. Key features include choosing a trader based on past performance (ROI of up to 200%) and adjusting your risk settings. Requirements include a minimum capital of 100 USDT and a fee of 8–20% of profits paid to the trader. A special reverse copy trading option lets you take the opposite side of a trader's positions, which can be useful in volatile markets. It is great for beginners because it requires no analysis and can generate steady profits, although past performance is no guarantee of future results.

If you want to put professional strategies to work, we suggest reading our complete guide to copy trading on XT.com to learn how to follow top traders.

Launchpool

Launchpool on XT.com lets users earn new tokens before they are listed by staking XT or USDT. Key features are an APR of up to 200% and rewards distributed in proportion to your stake. Requirements include a lock-up period of 7–30 days and a minimum stake of 100 units. Its special feature, early access to high-potential tokens, reduces risk by protecting your principal, and it suits long-term investors.

Smart Trend

Smart Trend on XT.com is a structured product for profiting from market trends. Its main feature is a guaranteed minimum APR (even if the market moves against you), plus extra returns if you call the trend correctly. Requirements include choosing bullish or bearish and a term of 7–30 days. Its special no-liquidation feature removes the risk of liquidation, which makes it ideal for volatile markets and lets users grow their holdings without worry.

Launchpad

Launchpad on XT.com is a platform for IDOs and IGOs, where users can invest in new projects. Key features are early access to tokens at low prices and allocations based on your stake. Requirements include KYC and a minimum investment. A special community-voting feature selects the projects, which increases transparency and suits anyone interested in start-ups.

To learn about investment opportunities in new projects, our XT.com Launchpad guide explains in full how to take part in these programs.

Hashrate Mining

Hashrate mining on XT.com lets you rent cloud hashrate and mine without any hardware. The main feature is TH/s packages with an APR of up to 100% and daily payouts. Requirements include a minimum purchase of 10 TH/s and a 30-day term. A special hashrate calculator forecasts your returns, which helps beginners, and the service removes hardware risk altogether.

XT.com Bonuses

XT.com runs a variety of incentive programs designed to attract new users and keep existing ones. These bonuses include sign-up rewards, trading prizes and referral programs. The details and terms of each bonus are explained below:

• Welcome bonus: After signing up and making their first deposit (at least 100 USDT), new users can receive a bonus of up to 100 USDT. The bonus is paid as trading credit, and to withdraw it you must generate at least 500 USDT in trading volume within 30 days. It is designed to encourage users to start trading and can be used on both spot and futures.
• Futures trading bonus: XT.com offers users who trade futures up to a 50% fee discount or a cash reward of up to 200 USDT, provided they reach at least 10,000 USDT in futures trading volume within a month. This bonus suits active traders.
• Referral program: By inviting friends who then sign up with their referral link, users can earn up to 40% of those friends' trading fees as a reward. The minimum requirement is a deposit of 50 USDT by the invited user. The program is designed to grow the exchange's user network.
• Trading competitions: XT.com regularly holds competitions in which users who reach a set trading volume (usually above 50,000 USDT) can win prizes such as 5,000 USDT or XT tokens. These competitions usually run monthly, and the terms are announced on the website.
• Special staking bonus: Users who take part in Launchpool or staking may receive extra bonuses, such as new tokens or a higher APR (up to 5% extra), provided they lock their assets for at least 30 days.

Notes:

• Bonuses are usually non-withdrawable unless the trading requirements are met.
• Be sure to check the terms of each bonus in the “Promotions” section of the XT.com website.
• Some bonuses may not be available to Iranian users because of KYC restrictions.

The XT Token

The XT token, also known as “XT Smart Chain”, is the native token of the XT smart network and was issued on the ERC-20 standard. The maximum supply of XT is 1 billion tokens.

Below, we look at what the XT token is used for on the network:

• Paying fees: users can use the XT token across the ecosystem to pay transaction fees and smart-contract execution costs.
• Governance rights: XT token holders have the right to vote and take part in decisions about the ecosystem.
• Ecosystem incentives: the XT token is used to reward developers, fund support schemes and grow projects within the network.
• Fee discounts: holding or using XT may qualify you for discounted trading fees on the exchange.

Technical features and security of the XT token:

• The XT network uses a hybrid consensus algorithm called “HPoS”, which is expected to deliver high transaction speeds, low costs and low latency.
• The network is EVM-compatible (compatible with the Ethereum Virtual Machine), so developers can easily port Ethereum projects to it.
• Cross-chain transactions are also supported for moving assets between different chains.

XT.com Fees

XT.com offers some of the lowest trading fees on the market, which makes it attractive to traders. Fees vary by trade type (spot, futures, OTC) and account tier (regular or VIP). The table below shows the main fees:

Additional notes:

• VIP tiers: XT.com offers VIP tiers (from 1 to 12) based on 30-day trading volume, which cut maker/taker fees to as low as 0.04%/0.03%.
• XT token discount: paying fees with the XT token gives you an extra discount of up to 30%.
• Withdrawal fees: withdrawal fees vary by coin and network (e.g. 0.8 USDT on TRC-20 or 8 USDT on ERC-20).
• OTC and P2P: fees for OTC and P2P trades depend on the agreement with the seller, but the exchange usually charges a base fee of 0.1%.

Notes:

• For Iranian users without KYC, withdrawal restrictions may add extra fees for transaction confirmation.
• You can check the full fee details in the “Fee Schedule” section of the XT.com website.

Knowing your trading costs is essential for managing your capital. Our breakdown of XT.com fees will help you keep your costs on this exchange as low as possible.

Download the XT.com App

The XT.com app is built for convenience, letting you trade, manage your account and use all of the exchange's features anytime, anywhere. It is available for Android and iOS and has a simple, user-friendly interface that suits even beginners. Through the app, users can access spot and futures trading, copy trading, staking, Launchpool and the bonus section. The app also sends real-time notifications about price changes, order status and exchange news.

XT.com app download links:

• Android: Download the XT.com app from Google Play
• iPhone: Download the XT.com app from the App Store

Notes:

• Minimum OS required: Android 6.0 or iOS 12.0.
• The app is roughly 100 to 120 MB in size.
• Iranian users may need a VPN to download it from Google Play or the App Store.
• For your security, use only the official links above to avoid fake apps.

How to Sign Up on XT.com

Signing up on XT.com is a quick, simple process that gets you onto the platform and trading in no time. It doesn't require upfront identity verification, which makes it suitable for Iranian users.

Sign-up steps:

1. Open this official XT.com link: Sign up on XT.com.
2. Enter your email address or choose to use your mobile number (for Iran, using email is recommended).
3. Enter a strong password (at least 8 characters, combining letters, numbers and symbols).
4. Enter the verification code sent to your email or phone number.
5. Agree to the Terms of Service and click the “Register” button.
6. Your account is created and you can log in to your dashboard.

To get started on this platform, read our step-by-step guide and you can easily learn how to sign up and verify your identity on XT.com.

Tips

• For extra security, use a secure email account and a unique password.
• Iranian users can sign up without a VPN, but using one is recommended to reduce risk.

Identity Verification on XT.com

Identity verification (KYC) on XT.com is required to raise your withdrawal limit and unlock certain features (such as large loans or special bonuses). Iranian users can also verify their identity on XT.com by submitting a national ID card, driving license or passport.

Verification steps:

1. Log in to your XT.com account.
2. Go to “Account” or “Identity Verification” in your account settings.
3. Enter your personal details (name, date of birth, address).
4. Upload your identification documents (a passport or valid ID card).
5. Upload a selfie holding your ID and a sheet of paper with today's date and the words “XT KYC” written on it.
6. Submit your request; approval usually takes 1 to 3 business days.

Tips

• Iranian users can also verify their identity on XT.com by submitting a national ID card, driving license or passport.
• Without KYC, limits such as a daily withdrawal cap apply.
• For more information, see the “KYC Policy” section on the XT.com website.

Securing Your XT.com Account

XT.com offers several security tools to protect user accounts. Turning them on is essential to prevent unauthorized access and phishing attacks.

Two-factor authentication (2FA)

Two-factor authentication (2FA) is an extra layer of security that asks for a verification code when you log in or withdraw from your account.

1. Log in to your XT.com account.
2. Go to “Security” in your account settings.
3. Select “Two-Factor Authentication”.
4. Install Google Authenticator or Authy on your phone.
5. Scan the QR code shown on screen with the app.
6. Enter the 6-digit code generated by the app to complete the setup.

Tips

• The 2FA code changes every 30 seconds and is required for logins, withdrawals and sensitive account changes.
• Save your backup code so you can recover access if you lose your phone.

Anti-phishing code

The anti-phishing code is a unique phrase that appears in every email XT.com sends you, so you can spot fake emails.

1. In your dashboard, go to “Security”.
2. Select “Anti-Phishing Code”.
3. Enter a phrase of 4 to 20 characters (ideally one that's unique to you).
4. Save the code; from now on, official XT.com emails will display it.

Tips

• Ignore any email that doesn't show your anti-phishing code.
• Never share this code with anyone.

Fund password

The fund password is an extra layer of security for approving withdrawals.

1. In “Security”, select “Fund Password”.
2. Enter a password of 6 to 16 characters (different from your login password).
3. Confirm and save the password.
4. When you withdraw, you'll be asked for this password together with your 2FA code.

Tips

• Keep your fund password somewhere safe.
• If you forget it, XT.com support can help you recover it (identity verification required).

How to Deposit on XT.com

Depositing crypto on XT.com is a simple process that lets you move your assets into your exchange account for trading or other activities. It doesn't require identity verification, which makes it suitable for Iranian users.

1. Log in to your XT.com account.
2. Go to “Assets” and select “Deposit”.
3. Choose the cryptocurrency you want (such as BTC, ETH or USDT) from the list.
4. Select the right blockchain network (such as ERC-20, TRC-20 or BEP-20).
5. Copy the wallet address shown or scan the QR code.
6. Send the crypto from your personal wallet to the address provided.
7. Once the transaction is confirmed on the blockchain (usually 5 to 30 minutes), the balance will appear in your account.

Tips

• Make sure you choose the correct blockchain network; depositing on the wrong network can mean losing your funds.
• XT.com doesn't charge a deposit fee, but the blockchain network fee still applies.
• Iranian users are advised to use low-cost networks such as TRC-20.

How to Withdraw from XT.com

To withdraw USDT or other cryptocurrencies from the exchange, follow these steps:

1. Log in to your account and select the withdrawal option under “Spot / Withdrawal” or “Assets / Withdraw”.
2. Choose the coin you want to withdraw.
3. Enter the destination address (a wallet or another exchange). For extra security, it's best to pick the address from your whitelist.
4. Choose the right network; it must match the destination network.
5. Enter the withdrawal amount; the fee and the final amount after fees will be shown.
6. Confirm the withdrawal request. Once confirmed, the transaction is processed by the network, which may take a little while.

*Key tips:

• The minimum withdrawal amount varies by coin.
• The daily withdrawal limit depends on your verification level (for example, unverified users have a lower cap).

How to Trade on XT.com

XT.com lets you trade spot and futures through a simple interface backed by advanced tools. Below, we walk beginners through the trading steps.

Spot trading on XT.com

Spot trading means buying and selling cryptocurrencies directly, at the market price or at a price you set.

1. Log in to your XT.com account.
2. Go to “Trade” and select “Spot”.
3. Choose the trading pair you want (such as BTC/USDT) from the list.
4. Choose an order type:
   • Limit Order: you set the buy or sell price yourself.
   • Market Order: the trade is executed at the best available market price.
5. Enter the amount of crypto or the USDT amount.
6. Click “Buy” or “Sell” to place the order.
7. Check your open orders and trade history under “Open Orders” and “Order History”.

Notes:

• The spot trading fee is 0.2% (reducible with the XT token or a VIP tier).
• TradingView charts are available for price analysis.
• For Iranian users, checking the liquidity of trading pairs is important to avoid slippage.

Futures trading on XT.com

Futures trading lets users profit from price moves using high leverage (up to 125x).

Futures trading steps:

1. Log in to your XT.com account and go to “Trade” > “Futures”.
2. Choose the contract type (USDT-M or COIN-M) and the trading pair (such as BTC/USDT).
3. Set your leverage (for example 10x, 50x or 125x).
4. Choose an order type:
   • Limit Order: set the price and the amount.
   • Market Order: the trade is executed at the current market price.
   • Stop-Limit: set a stop price and a limit price to manage your risk.
5. Choose your position (Long to buy or Short to sell) and the size.
6. Click “Open Long” or “Open Short”.
7. Manage your open positions under “Positions” and set a take-profit (TP) or stop-loss (SL).

Notes:

• The futures fee is 0.06% for makers and 0.04% for takers.
• High leverage increases the risk of liquidation; beginners are advised to stick to low leverage (up to 10x).
• Use the exchange's futures calculator to work out your profit and loss.
• For Iranian users, risk management is vital given how volatile the market is.

ETF Trading on XT.com

XT.com's ETFs let you buy units of a fund. These products are essentially futures contracts with a fixed multiplier (for example 3x).

These products carry no margin fees and don't require collateral the way ordinary derivatives contracts do. There is also no risk of liquidation. They work much like spot trading: you go to the ETF zone and buy and sell ETF units like any ordinary asset.

With these products, you can profit from market moves (up or down) with less stress and without the complexity of managing margin. From time to time, the exchange carries out a share consolidation on some ETFs to keep unit prices reasonable.

Crypto Margin Trading for Iranian Users on XT.com

With margin trading, you can borrow funds from the exchange to open a position larger than your own capital. This can bring bigger profits, but the risk is high too. To trade on margin on XT.com, you need to:

1. First, transfer assets to your margin account.
2. Then borrow funds.
3. Open the trade.
4. If you make a profit, you repay the amount you borrowed; if you make a loss, you may lose part of your capital or all of your collateral (liquidation).

Margin comes in two modes:

• Cross Margin: your entire collateral balance backs several positions at once
• Isolated Margin: the risk is limited to that one position

Iranian users face restrictions on margin trading on this exchange, such as borrowing caps, limits on which markets are available, or a ban on using margin without full identity verification. Fees and borrowing interest rates vary and should be checked before you open a position.

Derivatives Trading on XT.com

Derivatives include futures contracts, delivery futures and other products such as event contracts. With perpetual futures, users can trade with leverage, and profit or loss is calculated from changes in the contract price.

Funding fees (the funding rate) apply to perpetual contracts and are paid or received periodically.

With an event contract, you predict whether the price will rise or fall within a set time frame. When the period ends, you earn a profit if your prediction was right; if not, you lose your initial capital.

Derivatives trading carries very high risk: rapid liquidation, sharp volatility and the loss of your entire capital are all possible.

Copy Trading on XT.com

With Copy Trading, you can copy the trades of professional traders: whenever they buy or sell, the same action is carried out for you. To start copy trading on XT.com, follow these steps:

1. To begin, choose a top Lead Trader in the Copy Trading section.
2. Set the amount you want to allocate to copying.
3. Set your risk-control parameters (take-profit, stop-loss, percentage of capital).
4. Trades are executed simultaneously and live: whenever the Lead Trader opens a trade, the same trade is opened for you in proportion to your capital.

Copy trading is available on spot too, meaning you can copy other traders' spot trades. Copy-related fees and costs may differ, so check them before you start.

You should also keep in mind that choosing the right Lead Trader matters: if their performance is poor, you may lose money.

To better understand where this exchange stands in the market, our in-depth comparison of XT.com and Binance analyses the strengths and key differences of the two platforms.

Summary

With its simple interface, XT.com is one of the best cryptocurrency exchanges around. Both its web version and its mobile app are easy for users to access. On the security side, XT.com uses advanced encryption, two-factor authentication (2FA) and cold storage for assets. However, as with many international exchanges, Iranian users have to use alternative ways to access it, because direct use of the platform by Iranian users is not permitted due to sanctions.