reviewURL: www.xbtce.com

xBTCe was founded by a group of experienced traders, finance professionals and crypto enthusiasts in 2015 and is now one of the fastest growing cryptocurrency exchange platforms. xBTCe quotes not only Bitcoin and the traditional FIAT currency pairs, but also the top altcoins including Ethereum, DASH, Bitcoin Cash, Litecoin and is constantly monitoring the cryptocurrency market to add new and rising coins to the platform.

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Mobile app Score
iOS: 6.4
Android: 6.4
Score - 7.0Score7.0
Score Android - 6.4Score Android6.4
Score iPhone - 6.4Score iPhone6.4
Location - RussiaLocationRussia
Currencies - EUR, USD, RUBCurrenciesEUR, USD, RUB
Languages - ENLanguagesEN
Buy with - EUR, USD, RUBBuy withEUR, USD, RUB
Fees - Maker 0.15% - Taker 0.25%FeesMaker 0.15% - Taker 0.25%
Altcoins - YesAltcoinsYes
Margin trading - NoMargin tradingNo (Exchange does not support margin trading)
Trust score - ATrust scoreA
Beginner friendly - NoBeginner friendlyNo (Exchange is complex and difficult for beginners)
Stability - 4. VeryStability4. Very (Exchange is very stable)
Fiat - YesFiatYes (The Exchange supports Fiat currency as USD, EUR, etc.)
Support speed
API - YesAPIYes (API is available for public to use)
Rest API - YesRest APIYes (The Exchange has Rest API support)
Websocket - YesWebsocketYes (The Exchange has Websocket support)
Mobile app - YesMobile appYes (Exchange has a mobile app)
Credit card - NoCredit cardNo (Exchange does not support credit cards)
Referral - NoReferralNo (Exchange does not offer an affiliate program)
Two factor authentification - YesTwo factor authentificationYes (The Exchange supports two factor authentication)
Withdrawal limit
Verification time
Lending - NoLendingNo (Exchange does not support lending)
Stop limit - NoStop limitNo (Exchange does not support stop limit)
US licence - NoUS licenceNo (Exchange don't have US licence for Money transmitter)
PGP support - NoPGP supportNo (Exchange does not have PGP encryption)

xBTCe offers a mix between a cryptocurrency exchange and a forex broker. While their name suggest a connection to the infamous BTC-E, which was shut down by the FBI, we didn’t manage to find any links. We would not recommend this service to beginners, simply due to its complicated nature.

xBTCe is a rather unique project. Other than the ususal crypto-exchange, they claim to aggregate orders from different trading venues, in order to provide a tight order book. This can then be accessed by traders, via a “Cash account” (basically a standard one) and a “Margin account”, where one can trade with leverage.

xBTCe offers trading via a web-based platform on the website, the forex industry leader MetaTrader 4 and ThickTrader. This leaves a lot of choice for clients.

The web-based interface is intuitive, with charting provided by TradingView.

MetaTrader4 is something which most forex traders will be familiar. This is a light solution, which packs excellent charting, a lot of customization and additional functions (support for automated trading systems, copying other traders and all the technical indicators you can think off).

As you may know, some forex brokers have adopted cryptocurrency CFDs. Trading with this type of product allows you to make profits and losses on the price moves of a given coin, without actually owning it. This has its strong and wear sides.

Major coins and fiat supported
 – the coins available at this exchange are well known in the world of crypto – BTC, BCH, ETH, LTC, XRP and DASH. They are traded against each other and some of the most popular fiat ones USD, EUR, GBP, JPY, CNH, RUB. Altcoins are also available, but they are not so well known and the trading volumes are rather low.

A lot of payment methods – xBTCe supports cryptocurrencies, bank transfers, credit cards and even some e-wallets. This is impressive by any standards. The e-wallets accepted are Advanced Cash, FasaPay and Perfect Money.

Review of xBTCe

xBTCe is a complicated cryptocurrency exchange, which doesn’t do the best job at presenting their offer. Their margin trading account may actually be a CFD broker in disguise, but the very fact we are not certain about that is dubious enough. The plethora of trading platforms and two account types available, make this seems like a “professional exchange”, but the lack of information about the company behind it leaves a negative impression.

Given the analysis made by observers, we can suspect the trading volumes on this venue are manipulated. That being said, we come to the biggest risk involved with all crypto exchanges – you have little certainty about the honesty of your counterparty. Trading Bitcoin, with margin in a much more secure environment is possible – a highly regulated forex broker offers top-tier protection for your investment. Check the link below for more details.

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