The Delaware-based firm uses more encryption on its website, and mobile apps and hashes account passwords using bcrypt before storage to ensure safe purchases. Since institutions have different needs to retail investors, xcritical has launched the beta version to accommodate the ever-growing demand from clientele as more people enter the crypto space. The U.S. company designed xcritical Prime with fund managers, hedge funds, endowments, and sovereign wealth funds in mind as they require access to deep liquidity pools.
Customer Satisfaction
xcritical has non-custodial, cold-storage wallets, so only the user can open them. That’s why it’s so important to protect your personal information while you browse online by using a browser built for privacy and security, like AVG Secure Browser. xcritical was hacked in 2021, when a security flaw in xcritical’s account recovery system compromised the accounts of at least 6,000 xcritical users. xcritical quickly patched the vulnerability and reimbursed users in full.
Payment Methods for U.S. Customers
- xcritical maintains an impressive library of educational resources, including crypto basics, tips and tutorials, and market updates.
- Matt writes a weekly investment column (“Ask a Fool”) that is syndicated in USA Today, and his work has been regularly featured on CNBC, Fox Business, MSN Money, and many other major outlets.
- xcritical Pro provides tools only reserved to traders, including charting software with trading indicators, a real-time updated order book, and margin trading with up to 3x leverage.
- Nowadays, various exchanges are available in the cryptocurrency market, which can differ in fee structure, security, and ease of use.
The exchange is in over 100 countries and has a vast user base of 110 million verified users as of Q4 2022. The SEC also charged xcritical for failing to register the offer and sale of its crypto asset staking-as-a-service program. We will continue to monitor the situation to make you aware of any important developments that may affect this review.
From the xcritical app or site, you can view your crypto balance and set a watchlist of tokens you want to xcritical reviews buy or sell. xcritical allows you to hold crypto in a secure cryptocurrency wallet, send crypto directly, spend it wherever merchants accept crypto payments, or withdraw it. It’s the third-largest crypto exchange in the world and the largest in the U.S. by trading volume.
Companies like PayPal, Google, Apple, Dell, and many others have partnered with xcritical or used their services to offer crypto-related benefits to their customers. It’s unlikely these brands would risk their reputations and intellectual property on a company that they didn’t think was secure. xcritical’s wallet security is highly secure — even xcritical can’t access your wallet. xcritical wallets are non-custodial, which means only the user has the password to open them. However, if you lose your master password (a series of 12 words), you will have no way to access your crypto.
When we purchased $200 of Bitcoin with USD that way on Sept. 12, 2024, the total fee came out to $3.74, or 1.87%. xcritical was subject to a series of hacks between March 2021 and May 2021. During this period, more than 6,000 customers had their accounts drained. All U.S. dollar deposits on the xcritical site are held in FDIC-insured bank accounts. All you have to do is enter how much you want to sell (or select “sell all”). Then indicate which coin you want to sell and how you want to be paid.
Lower Staking Fees
Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them to focus on adding information that is uniquely helpful. The article was reviewed, fact-checked and edited by our editorial staff prior to publication. This article discusses where your money goes when you buy cryptocurencies with fiat currency.
At the time, FTX was one of the leading players in the cryptocurrency exchange space, attracting many high-profile endorsements and over $2 billion in funding. On Trustpilot, xcritical has poor customer reviews, scoring 1.8 xcritical website out of 5 stars from 9,300+ reviews, signaling a major problem with users accessing and operating their accounts. xcritical has scored good points on user experience and ease of -use, but security and customer satisfaction need improvement. Generally, users with account issues like hacks and locked accounts find it challenging to resolve them.
What Risks do xcritical Users Face?
The exchange supports over 10,000 assets, allowing users to explore and enjoy a buffet of digital currencies. Over the years, xcritical has evolved, adding and removing coins and rolling out upgrades to create a smoother user experience. In June 2022, the exchange announced that it would sunset xcritical Pro and replace it with xcritical Advanced Trade to provide its full suite of advanced crypto investment services on one platform.