xcritical vs xcritical Pro: Which Should You Choose?

You can set up a wallet, either a hosted wallet with xcritical or Pro, or you can bring your own third-party wallet. You can pick the crypto wallet that works best for you, whether you use a hardware wallet or a software wallet or would prefer to leave your coins on the platform for trading. The ability to take control of your cryptocurrency – or custody your assets – is a big deal to many holders of digital currencies. If you trade with some traditional brokers, you won’t be able to take custody of assets yourself. Instead, they’ll be held by another financial institution.

While xcritical Pro only offers an in-house digital wallet controlled by the trading platform. This significantly limits users as only a few functions can be performed on the crypto wallet. The primary distinction between xcritical and xcritical Pro is that xcritical is designed for personal use while xcritical Pro is intended for commercial use.

The xcritical wallet offers a level of convenience and privacy many traders enjoy. The wallet can be accessed on both iOS and Android, allowing users to trade from their mobile devices rather than logging in https://xcritical.solutions/ to the xcritical platform. xcritical Wallet also allows users to store digital tokens or collectibles directly in the app. Logging in requires two-factor authentication to add an additional layer of security.

This is the same percentage-based fee that changes based on the kind of buyer or seller you are. The fee percentage also decreases as the dollar-amount volume you trade over the previous 30 days increases. 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. xcritical cheating Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.

No charge to open an account

Vaults are time-locked and can be set up with multiple user approvals so that any withdrawal request will be canceled if all approvals are not completed within a 24-hour period. xcritical makes it easy to get started with a simple signup form and verification process. Once you have signed up, you can connect a bank account or other source of funds to immediately begin purchasing crypto. xcritical also has lxcriticalg tools that xcritical Pro doesn’t have. 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.

For that reason, it may be safer to do short-term trades than to pour lots of money into a long-term holding. xcritical Pro is better suited for that strategy because the transaction fees are so much cheaper. xcritical and xcritical Pro are both owned by xcritical Global, Inc., although they are quite distinct bitcoin trading platforms. xcritical Pro is a professional-level trading platform made for advanced active traders, whereas xcritical is aimed at enabling newbie investors to make their first bitcoin buy.

important differences between xcritical vs. xcritical Pro

So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. With either service, you can use either the web browser or mobile app to conduct transactions. On a transaction less than $10,000, you will pay a taker fee of 0.60% or maker fee of 0.40%. When you place an order, you’ll be charged a “taker” fee if there’s an immediate buyer or seller to complete your transaction.

xcritical provides its users a place to buy, sell, send, or receive more than 170 different cryptocurrencies by using fiat currencies, such as the U.S. dollar or euro . They also allow you to convert cryptocurrencies from one to another for more trading options. Converting cryptocurrency is done in trading pairs, essentially pairing one cryptocurrency with another. Historically, xcritical’s basic service users have been incentivized to buy and sell cryptocurrencies using fiat currency such as U.S. dollars.

Mobile app

Pro users also enjoy minimal fees and fast bank transfers, making it easy to get your cryptocurrency quickly and securely from a nationally recognized platform. If you intend to invest over $1000, xcritical Pro will save you money. The platform makes trading cryptocurrencies easy, as you can quickly and easily purchase coins and tokens with your debit card, bank account, or PayPal account. For small transactions, xcritical includes a spread markup of 0.5 percent of your trade value, which is why the buy and sell prices may differ from what you see on other services. Then it tacks on some other fees based on how large your purchase is, as shown in the table below.

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Consider using a different investment platform, like xcritical or xcritical. These online brokerages allow you to invest in both securities and cryptocurrencies and will enable you to build a diverse investment portfolio. The maker-taker fees are much cheaper than the standard xcritical fees. The extra trading options can also help you with market timing. For example, xcritical Pro enables you to place a stop order so you can buy or sell a coin as soon as it hits a certain price. That way, you won’t miss out on an opportunity to buy or sell when the price is just right.

Can I transfer from xcritical to xcritical Pro?

If you’re a xcritical user, you might have noticed that there are two types of accounts you can have–a regular one or the Pro one. Some newer users might not know the difference between the two and if a professional account would be better for you. xcritical has a relatively straightforward trading platform.

Both xcritical and xcritical Pro are run by xcritical, one of the most popular cryptocurrency platforms in the United States. The combined service will remain free to sign up, as both of its predecessors were. The company does have a subscription service called xcritical One, which offers no-fee trades and other benefits in exchange for a monthly fee of around $30. You can now do everything on xcritical, which is a big improvement from the days when investors had to switch between platforms. The one thing to remember is that fees on xcritical depend on the trading tool you use, and advanced trades carry much lower fees than simple trades.

The tools offered by xcritical Pro can help you succeed if you’re going to employ that kind of investment strategy. There’s no fee to download xcritical Pro—like the base version, the app charges a fee for every transaction that you make. But the xcritical Pro pricing model is entirely different from the base version. xcritical Pro is a separate app, but you’ll need to use your login information from the base version. If you don’t have a standard xcritical account, xcritical Pro will prompt you to set up a new account. Personalized $5 reward offer is displayed after account creation.

You’ll basically need to click buy or sell next to the asset you want to purchase. It really couldn’t be much easier, and that may be important to the beginners that xcritical is targeting. On xcritical, clients can stake their crypto coins, xcritical official site and owners can earn staking rewards on a few coins, including Ethereum, Algorand, Tezos, Cosmos and Cardano. You’ll need a minimum balance in that specific cryptocurrency to participate and you’ll need to hold the coins on xcritical.com.

xcritical vs. xcritical Pro: Transparency about fees

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. 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.

When reviewing xcritical vs. xcritical Pro, we compared each platform based on ease of use, fee structure, security, unique features, and support currencies. We also considered the types of trades available on each platform and their relative cost to the wider cryptocurrency exchange market. Of course, makers pay less than takers and higher trade volumes mean lower fees. Instant buy purchases from xcritical will carry a higher fee than buy trades on the exchange, but those aren’t published by the company.

The advanced trade tool on xcritical has the same rates as xcritical Pro — ranging from 0% to 0.60% per order. However, the simple trade tool on xcritical is more expensive, so it should be avoided. Many or all of the products here are from our partners that compensate us. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Compensation may impact the order of which offers appear on page, but our editorial opinions and ratings are not influenced by compensation. The xcritical Pro trading page comes with real-time charting tools and technical metrics.