Exchange review · Global
XT.COM Review 2027: Is It the Right Exchange for You?
XT.COM is a mid-tier offshore exchange with a very long list of small-cap tokens. It describes itself as a social trading platform and competes for the same customers as MEXC, LBank and Gate: traders who want to buy new or obscure coins that larger exchanges do not carry. It also offers futures, copy trading and a range of yield products.
XT.COM has grown steadily since 2018 but remains lightly regulated and little examined by outsiders. This 2027 review looks at how it works, what it charges and what precautions make sense.
Company Overview
XT.COM launched in 2018. The group is registered in the Seychelles and presents Dubai as its operating base, with further offices in Asia. It reports several million registered users, with a strong following in Southeast Asia, Turkey, the Middle East and parts of Africa and Latin America.
The exchange has its own token, XT, which gives fee discounts and other privileges, and it has promoted a blockchain of its own alongside it. As with every exchange token, the value of XT depends on the continued health of the business that issues it.
Management keeps a low public profile. There are no audited accounts, and the ownership structure is not well documented. That is common among offshore exchanges, and it is one reason to limit how much you keep there.
What You Can Trade
XT.COM lists well over a thousand tokens, and the selection is the main reason people open an account.
- Spot market. Major coins are available, but the distinctive part is the large number of micro-cap and newly issued tokens, organised into zones according to risk.
- Futures. USDT-margined and coin-margined perpetual contracts with leverage.
- Leveraged tokens. Products that give two or three times the daily move of a coin without a margin account. They lose value over time in volatile markets and are meant for very short holding periods.
- Copy trading and bots.
- Earn. Savings, staking and structured products, some with very high advertised rates on small tokens.
- Launchpad and listing events for new projects.
The exchange labels its riskiest markets clearly, with an "innovation" area for tokens that may fail. Take those labels seriously. A token in that zone can be delisted at short notice, after which you have a limited window to withdraw it, assuming that withdrawals are open.
- Spot fee
- 0.20% / 0.20%maker / taker, base tier
- Founded
- 20189 years in 2027
- Trust score
- 7 / 10CoinGecko, live
- Proof of reserves
- —no major licence
XT.COM Fees
At the base level, spot trades cost 0.20% for both makers and takers. That is twice the rate of Binance, Bybit or KuCoin and four times the taker fee at MEXC. Holding or paying with the XT token and reaching higher volume tiers reduce the fee.
Futures fees are lower in percentage terms and closer to industry norms. Funding payments apply to perpetual contracts.
Remember the costs that are not on the fee page:
- Wide spreads on small tokens.
- Fixed withdrawal fees, which can be large relative to a small balance.
- Mark-ups on card purchases through external providers.
- Daily rebalancing costs inside leveraged tokens.
For actively traded major coins, XT.COM is simply more expensive than the leading exchanges. Its case rests on tokens you cannot find elsewhere.
The November 2024 Security Incident
On 28 November 2024 XT.COM detected an abnormal transfer from one of its platform wallets. Blockchain security firms estimated the loss at about $1.7 million. The exchange suspended withdrawals for a short period, citing wallet maintenance, and then confirmed the incident. It said that customer assets were not affected because it holds reserves well above user balances, and services returned to normal.
The amount was small by the standards of exchange hacks. The first public explanation, which spoke only of an upgrade, was less than frank, and clear communication matters when users cannot withdraw. XT.COM states that it keeps most assets in cold storage and maintains a reserve ratio above 100%. Its disclosures are less detailed than the monthly, independently verifiable proofs published by the largest exchanges.
Licensing and Legal Status
XT.COM is not licensed by a major financial regulator. It does not hold authorisation in the United States, the United Kingdom, the European Union, Singapore or Japan, and it restricts users from a list of countries. Financial authorities in some jurisdictions have warned the public that the platform is not authorised to serve their residents.
This affects you in three ways. Nobody independent checks how your assets are held. You have no access to an ombudsman or compensation scheme. And the exchange may withdraw from your country with little notice if local rules tighten, as happened to many offshore platforms in Europe when the MiCA rules took full effect in 2026.
Registration, Verification and Funding
You can register with an email address. Identity verification is needed for full access, larger withdrawals and fiat services. As elsewhere, it is wise to verify before depositing, so that a document request does not block a withdrawal later.
Most users fund the account with stablecoins. Card purchases and peer-to-peer trading are available in a number of currencies through partners. Before you buy an unusual token, check on the asset page that deposits and withdrawals for it are enabled and which network it uses.
Support is offered by live chat and tickets in several languages. Users report mixed experiences, especially with delisted or suspended tokens. Keep a record of your deposit addresses and transaction IDs so that any dispute can be documented quickly.
Using Futures and Leveraged Tokens Safely
Many accounts on small-cap exchanges are lost through leverage, not through bad coin picks. If you use XT.COM's futures, keep leverage low, set a stop-loss when you open the position and never add margin to a losing trade simply to avoid liquidation. Perpetual contracts on thinly traded tokens can spike far beyond the spot price for a few seconds, and that is enough to close a position.
Leveraged tokens look simpler because they cannot be liquidated in the usual way. They rebalance every day, so in a market that swings up and down they lose value even if the underlying coin ends where it started. Hold them for hours or days, not weeks, and read the product page for the rebalancing rules before you buy.
Risk Checklist Before You Trade
Small-cap exchanges demand more homework than mainstream ones. A short checklist helps:
- Liquidity. Look at the order book, not the reported volume. Could you sell your position within a few percent of the last price?
- Withdrawability. Is the token's wallet open? If not, you are holding an entry in a database, not a coin you can move.
- Concentration. Do a handful of addresses hold most of the supply?
- Yield. If an earn product on an unknown token pays a triple-digit rate, the rate is paid in a token that is probably falling.
- Size. Keep each position small enough that a total loss would not hurt.
Who Might Use XT.COM?
XT.COM can be useful to experienced traders looking for a specific token that is unavailable on larger exchanges, and who live in a country the platform serves. For them it is a tool for a particular job.
It has little to offer beginners, long-term investors or people who trade only major coins, all of whom will find lower fees, deeper markets and better protection elsewhere.
XT.COM Compared With Similar Exchanges
MEXC and Gate are larger, more liquid and cheaper, and Gate holds an EU licence for its European arm. LBank competes in the same meme coin niche at half the base fee. KuCoin offers a comparable catalogue with better tools. XT.COM sometimes lists tokens that none of them carry, which is its one real advantage. If the token you want is available on a larger or licensed exchange, that venue is almost always the better place to trade it.
Verdict on XT.COM
XT.COM is a functioning, long-established exchange for small-cap tokens. Its 2024 incident was minor, and customers were not hurt. Its fees are above average, its transparency is limited and it has no meaningful regulatory supervision. Use it sparingly, for specific trades, with small sums, and withdraw to your own wallet when you are done.