XT.COM Exchange

Centralized crypto exchange with over 1,000 coins and up to 125x futures leverage

Exchange No KYC Founded 2018 Seychelles
Visit xt.com
Our score
Fair
Maker fee 0.2%
Taker fee 0.2%
Coins listed 1,000
KYC required No
Accepts US customers No
Proof of reserves Yes

What is XT.COM Exchange?

XT.COM is a centralized cryptocurrency exchange operating since 2018, providing spot, margin, and derivatives trading across more than 1,000 coins and trading pairs. Headquartered in Seychelles and operated by Fibtc Ltd, the platform combines standard retail trading with algorithmic bots, copy trading, and an ecosystem token, XT.

Corporate background and leadership

XT.COM was established in 2018 by co-founders Weber Woo and Ada Too, who have since departed. The platform is operated by Fibtc Ltd and led by CEO Albin Warin, a French entrepreneur with background experience in finance and neuroscience. Operational entities are maintained internationally, including an operational presence in Poland.

Trading mechanics and asset selection

XT.COM functions on a centralized custodial model where users deposit digital assets directly into exchange-managed wallets. The platform features an extensive catalog of spot pairs, alongside perpetual futures offering leverage up to 125x. In addition to manual order books, users have access to grid trading bots, copy trading systems, peer-to-peer (P2P) fiat settlement, and earn products across major cryptocurrencies and emerging tokens.

Fees and access requirements

Standard spot trading fees are set at 0.2% for both makers and takers. Unverified accounts can access basic platform functions with a daily withdrawal ceiling of up to $200,000 without completing KYC. However, geographic restrictions apply: residents and citizens of the United States are prohibited under the platform terms, and access in the United Arab Emirates has faced regulatory hurdles after Dubai's Virtual Assets Regulatory Authority (VARA) issued a notice regarding unauthorized operations.

Security track record and operational risks

On November 28, 2024, XT.COM suffered an access control breach on an operational hot wallet, resulting in the theft of approximately $1.7 million, which the attacker converted into 461.58 ETH. The exchange suspended withdrawals temporarily and absorbed the loss from its reserve assets. User balances remained intact. The platform publishes Merkle-tree proof of reserves covering assets such as BTC, ETH, and USDT. Because XT.COM is centralized, users take on custodial counterparty risk and face regulatory exposure in jurisdictions where the platform operates without formal licensing.

Founders

Weber WooCo-founder
Ada TooCo-founder
Best for:Non-US high-leverage derivatives tradersGlobal altcoin and token huntersTraders using automated bot strategies

Pros and cons

Pros

  • Over 1,000 cryptocurrencies available for spot trading
  • Derivatives trading with up to 125x leverage
  • Unverified accounts allow daily withdrawals up to $200,000
  • Fully covered user losses following the November 2024 hot-wallet exploit

Cons

  • Standard spot maker and taker fees of 0.2% are higher than major competitors
  • Prohibited for all United States residents and citizens
  • Flagged by Dubai VARA for operating without a local regulatory license
  • Suffered a $1.7 million hot-wallet security exploit in November 2024

Our review

3.2/5
Fair

XT.COM offers over 1,000 listed assets and 125x futures leverage, but standard 0.2% spot fees and regulatory restrictions limit its appeal for mainstream traders.

Fees3.0
Security & trust2.5
Asset selection4.5
Ease of use3.5
Support3.0

Founded in 2018 and operated by Seychelles-registered Fibtc Ltd, XT.COM is a centralized exchange led by CEO Albin Warin. The platform lists over 1,000 digital assets and trading pairs across spot, margin, and derivatives markets, giving altcoin traders access to small-cap tokens alongside major pairs. Perpetual futures support leverage up to 125x, and users can trade synthetic traditional finance assets like equity perpetuals settled in USDT.

Trading costs sit at a flat 0.2% maker and 0.2% taker fee for baseline spot transactions. Unverified accounts retain a daily withdrawal limit of $200,000. For security, XT.COM provides a Merkle-tree proof of reserves reporting over 120% reserve backing for Bitcoin, Ethereum, and Tether, though total customer deposit figures remain undisclosed. In November 2024, the exchange suffered a hot-wallet exploit that resulted in the theft of roughly $1.7 million, which the platform covered from its own reserves while temporarily halting withdrawals.

Regulatory compliance remains a clear friction point. XT.COM prohibits United States citizens and residents, and Dubai's Virtual Assets Regulatory Authority flagged the platform for operating without a local virtual asset service provider license. The platform suits international derivatives traders and altcoin investors seeking rare token listings, but traders seeking lower baseline spot fees or fully regulated onshore custody should consider licensed alternatives.

Listings are researched and drafted with AI assistance from public sources, then checked for accuracy and readability. Spot an error? Tell us. Editorial policy.
Sources (1)

Specs

Markets Spot, Futures, Margin, P2P, Copy trading · unverified
Maker fee 0.2% · unverified
Taker fee 0.2% · unverified
Coins listed 1,000 · unverified
Fiat deposit methods P2P · unverified
KYC required ⓘ No · unverified
Accepts US customers No · unverified
Proof of reserves Yes · unverified
Staking / earn Yes · unverified
Mobile app Yes · unverified
Security features Proof of reserves, Bug bounty · unverified
Futures & perpetuals Yes · unverified
Max leverage (x) 125 · unverified
Copy trading Yes · unverified
P2P market Yes · unverified
Earn / savings products Yes · unverified
Referral program Yes · unverified

Not disclosed by the provider: Licenses & registrations, User protection fund.

Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.

Key features

Extensive asset catalog

Supports spot trading for over 1,000 digital assets and trading pairs, including niche altcoins and newly listed tokens.

High-leverage derivatives

Offers perpetual contracts and futures markets with leverage levels up to 125x.

Automated and copy trading

Includes built-in algorithmic bot strategies, grid trading, and copy trading tools to replicate positions.

P2P and fiat purchases

Provides direct crypto purchases and a peer-to-peer marketplace supporting multiple local payment methods.

Yield and crypto loans

Delivers crypto savings products, fixed staking, and asset-backed borrowing options through XT Earn.

Proof of reserves reporting

Publishes Merkle-tree reserve verification showing on-chain wallet addresses for BTC, ETH, and USDT.

Inside XT.COM Exchange

Spot Trading

Supports order book trading across more than 1,000 digital assets and token pairs.

Derivatives Trading

Provides perpetual and delivery futures contracts offering leverage up to 125x.

Margin Trading

Allows traders to borrow capital to trade spot crypto pairs with leverage.

TradFi Tools

Enables USDT-settled perpetual trading on synthetic equities and traditional financial assets.

Copy Trading

Lets users browse trader performance profiles and automatically mirror their positions.

Trading Bots

Hosts automated grid and algorithmic trading bots that execute preset market strategies.

Earn

Supplies fixed and flexible savings products and staking yields across supported digital assets.

P2P Trading

Facilitates direct fiat-to-crypto exchanges with other users using multiple payment methods.

What users say about XT.COM Exchange

User feedback is heavily tilted toward severe complaints, with multiple traders reporting frozen balances and blocked withdrawals despite submitting extensive verification. There is minimal substantive praise, limited mainly to passing mentions of its non-KYC accessibility.

Top goods

  1. No-KYC access 2 people 12

Top bads

  1. Accounts frozen and withdrawals blocked 6 people 123

In their own words

“XT Exchange (XT.com) frozen my Crypto for 10+ days — submitted full KYC, government tax return, business registration, 15 wallet videos. Still no resolution. Ticket #[removed]. Anyone experienced this? I have been an active XT Exchange user for years with consistent trading activity.”
Reddit · r/CryptoMarkets · May 23, 2026 · View post
“XT freezed my 20000 USD and I can't withdraw it. Support can't answer properly how to unfreeze my funds. Ticket: #602966”
Reddit · r/XTExchange · Apr 13, 2026 · View post
“XT.com froze my $9,000+ and won't review my appeal until a total stranger cooperates with them. I am a legitimate trader who maintained a 5,000 USDT balance and paid 200+ USDT in fees to qualify for their promotional program.”
Reddit · r/xToolOfficial · Mar 16, 2026 · View post
“Hotbit shut down, but what about XT.com? Non-KYC and good for futures.”
Reddit · r/CryptoExchange · Oct 27, 2025 · View post

Based on 133 Reddit posts and comments from the last 12 months, checked Oct 21, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.

User reviews

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FAQ

Who founded XT.COM?

XT.COM was founded in 2018 by Weber Woo and Ada Too. The exchange is registered in Seychelles under Fibtc Ltd and led by CEO Albin Warin.

What are the spot trading fees on XT.COM?

XT.COM charges a baseline spot trading fee of 0.2% for makers and 0.2% for takers. Fee tiers decrease with trading volume and account status.

Can US residents use XT.COM?

No, XT.COM prohibits United States citizens and residents in its terms of service. The exchange lacks regulatory licenses from United States authorities such as the SEC or CFTC.

Has XT.COM ever experienced a hack?

Yes, XT.COM experienced a hot-wallet security incident on November 28, 2024, resulting in the theft of approximately $1.7 million. The platform covered all affected user funds using its reserve assets.

Does XT.COM require identity verification (KYC)?

Unverified users can trade and withdraw funds up to a daily limit of $200,000. Completing KYC verification removes account limits and unlocks higher-tier exchange features.

Does XT.COM have its own token?

Yes, XT.COM issues the XT token, which operates on the Ethereum blockchain. It provides fee discounts and access to platform promotions.

Latest from XT.COM Exchange on X

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Recent public posts from @XTexchange, shown as published. Not reviewed or endorsed by CryptoReview.

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