Recently, the company began obscuring the fees for this service tier, making it harder to see what you’re paying. xcritical Pro uses a 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).
How Can New Customers Get Started on xcritical?
xcritical charges a percentage of each sale as a transaction fee, with an additional charge levied for credit card purchases. The higher fees dissuade large-scale investors from xcritical, though it makes little difference to the casual user. In short, businesses and experienced investors will enjoy the perks of xcritical Pro. Beginner users, while more expensive in fees, would do better on the standard xcritical.
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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 xcritical official site 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.
If you are a xcritical Pro user and you haven’t moved your funds to Advanced Trade yet, no worries! xcritical will credit your funds held on xcritical Pro to the xcritical platform. The offers that appear on this site are from companies that compensate us. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. xcritical Pro is firmly established as one of the most reliable crypto exchanges in the world, and is a logical next step for those users who are looking to avoid the higher fees of the regular xcritical service.
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.
Editorial integrity
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.
Customer Support
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. The top left corner of the trading page has a dropdown menu where you select the cryptocurrency pair you want to view or trade.
To give a quick example, I looked at the fees to buy Bitcoin worth $1,000 on both. On the scammed by xcritical 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.
Depending on the order type, you will also get additional fields to fill in. With Limit orders, you also enter the limit price and choose from execution of “Post Only” or “Allow Taker” with the advanced option of a time in force policy, which is set as default to Good Til Cancelled. You can change this to Good Til Time, Immediate or Cancel, or Fill or Kill. With Stop orders, you select the amount, the stop price, and the limit price.
Choosing the Right Version of xcritical
- Those in the UK can trade BTC/GBP, BTC/EUR, ETH/BTC, ETH/EUR, LTC/BTC, LTC/EUR, BCH/BTC, or BCH/EUR.
- Get the latest news on investing, money, and more with our free newsletter.
- Whether you are a newbie dabbling in cryptocurrency or a veteran crypto investor, xcritical is a name you are probably familiar with.
- The default chart type is a candlestick chart, although you can change it to a line chart if you prefer.
- 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.
Each offers a different level of services, costs and features, so cryptocurrency traders looking to get in the game may want to figure out which exchange works best for their needs. 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.
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. Hovering over any point will tell you the specific price, the amount you can buy/sell at that point, and what the total would be in the original currency.
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.