XBO.com Exchange Review 2023: Is It a Legit Site?
What Is XBO.com Exchange?
The XBO Exchange platform was only recently launched in the fall of 2022. The goal of the XBO.com exchange is to alter how you interact with cryptocurrencies. It is a multinational corporation with merchants worldwide that has offices in Australia, the Isle of Man, and Poland. The business’s headquarters are in Warsaw, Poland, which is great because it places it in the European Union, where it must follow stringent rules and regulations. Before we begin with XBO.com exchange review, let’s check details of the platform.
|Listed Cryptocurrency||ADA, AVAX, BTC, BNB, CHZ, DOGE, DOT, EOS, ETH, LINK, MATIC, NEAR, SHIB, SOL, TRX, UNI, USDT, USDC, XMR, XRP, ZIL, ZRX|
|Trading Pairs||USDC/USD, USDT/GBP, BTC/BUSD, ETH/USDT, ETH/USDC, USDT/USD, BTC/USDC, BTC/USDT, USDC/USDT, USDC/EUR, APE/BUSD, APE/USD, DOGE/BTC, DOGE/BUSD, & more|
|Supported Fiat Currencies||USD, Euro, GBP|
|Supported Countries||Mostly All|
|Deposit Fees||For Cryptos: 0%
For Fiat: 3.75% + $0.25 via Credit Cards, $5 to $25 per transaction via Wire Transfers
|Transaction Fees||0% for OTC Trading & Crypto Exchange
For Spot Trading its depends on Loyalty Tier
|Withdrawal Fees||Depends on Currency & Payment Methods Opt by Users|
|Customer Support||Live Chat, Email, FAQs, and Telegram Support|
XBO.com hopes to attract millions of new users to the cryptocurrency space by creating the most user-responsive crypto exchange in the world. However, read our honest XBO.com exchange reviews further and know more about the platform.
Is XBO.com Exchange Regulated?
XBO exchange is a completely legal cryptocurrency exchange that offers its users the highest level of protection. A centralized exchange with EU laws, XBO complies with the Data Protection Act (DPA), General Data Protection Regulation (GDPR), anti-money laundering (AML), and countering the financing of terrorism (CTF) standards. This is sufficient evidence that it complies with all applicable standards and regulations.
Features of XBO.com Exchange
Wide Selection of Coins
XBO supports a wide range of coins. Along with the most well-known coins like Bitcoin (BTC) or Ethereum (ETH), you may buy and sell a broad variety of fresh, fascinating tokens constantly being launched to XBO.
Multiple Payment Methods
Because XBO.com accepts various practical Payment Methods, including cryptocurrency, credit, and debit card payments, you may effortlessly buy crypto and sell crypto there.
Transparent Trading Conditions
Unlike other top cryptocurrency exchanges, XBO practices transparent trading. Absolutely no hidden costs exist with XBO. Users can purchase, trade, and sell cryptocurrency without worrying about additional commissions.
User-Friendly Verification Process
With an advanced KYC/AML process, XBO safeguards your identity while granting you access to all of the platform’s services. To comply with the stringent compliance regulations established by the European Union, customers must complete the anti-money-laundering process.
Low Transaction Commissions
The XBO.com exchange has extremely cheap fees that continue to decline as your loyalty tier rises. Even more free withdrawals are available to you each month at higher tiers.
High-tech Security Practices
To give you the best level of security and complete protection of your crypto assets, XBO complies with the strictest rules and regulations.
Dedicated Support Team
An effective customer care system is crucial to the success of any cryptocurrency. Customers of XBO will have access to the support staff throughout regular business hours and 24/7 for onboarding. Several methods, including phone, email, and live chat, will be available on the platform for customer assistance.
Loyalty Program Rewards
XBO loyalty program is fantastic as it rewards consumers in various ways as part of XBO’s commitment to strengthening its community. The benefits of the XBO.com loyalty program include exchange cashback, free fiat withdrawals, cryptocurrency rewards, free cryptocurrency withdrawals, and many more. You can level up your tier by simply collecting XP.
Fast Order Execution
The ability to quickly buy and sell supported cryptocurrencies on the spot market is one of XBO’s most exciting features.
XBO.com Multiple Exchange Opportunities
You can find a variety of exchange advantages with XBO.com.
Crypto to Crypto
As per our XBO exchange review & research, we can say that you can trade your existing digital currency for any other cryptocurrency. Your coin will be exchanged at the XBO exchange’s best rate. You’ll discover the new cryptocurrency in your XBO.com wallet when you’ve confirmed the transaction and completed it.
Fiat to Crypto
The option to purchase any listed cryptocurrency using fiat is also available to consumers. Just select the asset and the quantity you want to buy. The most advantageous rate will be used to convert your fiat dollars to the chosen cryptocurrency. The newly acquired coins will show up in your XBO.com wallet when the transaction is finished.
Crypto to Fiat
The next option is a crypto-to-fiat exchange. Before deciding on a fiat alternative, choose the thing you want to sell. Your cryptocurrency will be converted into the selected fiat currency at the current exchange rate. The acquired assets can be found by searching through your XBO.com wallet.
Spot Trading with XBO.com
It involves buying and selling bitcoin (BTC) while utilizing various order types. It is best suited for individuals who have some prior trading experience, can traverse various market order types, and can develop a successful trading plan. By purchasing cryptocurrency at a discount and selling it when the price rises, trading is frequently utilized to generate gains. Buying cryptocurrency at the most competitive price is an additional option.
Find the best price to buy and sell supported cryptocurrencies right now.
Decide on the lowest price you accept or the highest amount you are willing to spend.
The order will be executed at the specified price level that you specify.
Pros and Cons of XBO.com Exchange
|It enables users to buy and sell crypto quickly.||Risk of hacking.|
|Offers a broad range of cryptocurrencies.|
|Excellent XBO loyalty program.|
|Provides crypto rewards to crypto users worldwide.|
|No hidden charges.|
|Multiple payment options.|
|Military grade security.|
|It also has an XBO.com payment card for users.|
XBO.com Exchange Sign Up Process
The XBO exchange’s basic design makes trading cryptocurrencies easy, even for beginners. You can purchase supported cryptocurrencies at XBO.com in a matter of seconds thanks to the platform’s architecture, which aims to make crypto accessible to everyone.
- First, go to the XBO Registration Page to begin the registration process.
- The next step is to create a password and email address.
- Please check the box to agree to the terms and conditions.
- The next step is to follow the instructions in your confirmation email.
- The next step is to finish the advanced KYC/AML (Know Your Customer / Anti Money Laundering) process to access the XBO exchange’s capabilities.
- After creating an account and proving your identity, you can buy crypto on the XBO exchange.
XBO.com Exchange Fees
In general, XBO fees are really good. Customers will not have to pay any commission for OTC trading on the cryptocurrency exchange, with all fees already factored into the quoted pricing. For spot trading fees based on loyalty tiers, represented in the table below:-
|Loyalty Tier||Maker Fee||Taker Fee|
XBO.com Exchange Payment Methods
The cost structure at XBO for deposits and withdrawals is quite simple. Customers can quickly add cryptocurrency to their overall balance by depositing money into their XBO.com accounts utilizing one of three simple methods including Cryptocurrency, Bank transfer, or credit card. You should log into your XBO.com wallet, choose fiat, then click the Deposit option at the bottom of the screen to add fiat to your account. Bank transfers take the lead in terms of speed over credit cards, and cryptocurrency is faster than both options, though the speed difference depends on the network you choose.
Deposit Methods & Fees
The minimum deposit requirements at XBO.com are: 10 USD/ 10 EUR/ 10 GBP for a Bank Card and 100 USD/ 100 EUR/ 100 GBP for Wire transfer. However, below are the deposit fees taken by XBO.com:-
- Crypto: 0%
|Credit Cards||3.75% + $0.25|
|Wire Transfers||EUR (SEPA, Instant SEPA) – $5 per transaction
USD (SWIFT, ACH) – $25 per transaction
GBP (SWIFT, Faster Payments) – $20 per transaction
Withdrawal Methods & Fees
For withdrawals from XBO.com, the minimum amounts are 100 USD/ 100 EUR/ 1000 GBP. After making your initial card-based deposit of fiat money, you won’t be able to withdraw cryptocurrencies for 72 hours. Using this temporary lock reduces the risk of fraud by identifying it. However, below are the withdrawal fees taken by XBO.com:-
- Crypto: Variable, check this link to know in detail!
|Credit Cards||Currently NA|
|Wire Transfers||EUR (SEPA, Instant SEPA) – $12.5 + 0.2% per transaction
USD (SWIFT, ACH) – $35 + 0.2% per transaction
GBP (SWIFT, Faster Payments) – $30 + 0.3% per transaction
Supported Cryptos for Transaction
Cryptos that you can buy and sell on XBO.com are: ADA, APE, AVAX, BNB, BTC, DOGE, ETH, MANA, MATIC, SAND, SOL, TRX, UNI, USDC, USDT, XRP, and XTZ.
XBO.com Loyalty Program
The loyalty program on the XBO market is undoubtedly one of its most promising features. Every XBO.com user can access free cryptocurrency deposits, regardless of loyalty level. But you’ll be able to gain a lot more if you raise your tier in the XBO loyalty program. You receive 0.1%–0.25% exchange payback as your loyalty tiers progress.
Higher loyalty tier users are also eligible for 2-3 free fiat withdrawals each month. Because other exchanges frequently charge extremely high fiat withdrawal fees, it can save you a ton of money. The spot trading discount is one more benefit of your dedication. You will also be qualified for the XBO card, making cryptocurrency payments simple after your loyalty level is raised.
|Free Crypto Deposit||Yes||Yes||Yes||Yes||Yes|
|Free Fiat Withdrawals Per Month||No||2||3||4||–|
|Spot-Trading Fees (Taker/Maker)||Regular||%5 Discount||%10 Discount||%20 Discount||–|
|XBO.com Card||No||Gold||Platinum||Diamond (Free Metal)||–|
|Crypto Reward||No||Random amount in BTC, ETH, BAYC, DOGE||Random amount in BTC, ETH, BAYC, DOGE||Random amount in BTC, ETH, BAYC, DOGE||–|
XBO.com Exchange Referral Program
XBO.com has launched the top-paying referral program on the market. You can invite as many individuals as possible to this XBO.com referral scheme. You must use your referral link to introduce new users to XBO.com to receive a reward. On the desktop platform, you can find it under Menu, and on the XBO.com app, it’s on the left side. To invite a friend, select the option, copy the referral link, and then share it with the desired friends.
Remember that you won’t get your reward until the person you recommended to XBO.com completes basic verification and makes a purchase (or transactions) totaling $5000. Once these requirements are satisfied, you will get a $50 cryptocurrency reward. You may use your referral funds for this platform transaction, including withdrawals.
XBO.com Mobile App Experience
XBO exchange platform is accessible to everyone via web and mobile applications. The XBO mobile app offers a user-friendly interface, advanced features, and super-fast market updates. Novice and seasoned users are considered when designing and developing the XBO.com app. It has all the tools you need to purchase, exchange, swap, trade, or stake a variety of cryptocurrencies, including Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and more.
XBO.com Exchange Security Measures
XBO uses Cloudflare, top-notch firewalls, and various authentication and verification tools to ensure data safety. The platform complies with the SSL protocols, SOC 2 certification, and CCSS level 3 security requirements. XBO uses AWS, Cloudflare, high-end firewalls, and various authentication and verification tools. The platform complies with the SSL protocols, SOC 2 certification, and CCSS level 3 security requirements. IP address and device whitelisting, cold storage, and two-factor authentication are other security features listed by XBO. Its robust security measures are commendable, even though no exchange can guarantee security breaches.
XBO.com Exchange Customer Support
By speaking to a skilled expert, users of XBO’s quality customer support can quickly resolve any issues. Any cryptocurrency exchange needs good customer assistance to be successful, and XBO excels in this area. In addition to regular business hours, XBO customers will have access to the support team 24/7 for onboarding requirements. The platform will offer customer assistance through various phone, email, and live chat channels.
Conclusion on XBO.com Exchange
This XBO exchange review has covered all the major aspects related to XBO. Hence, upon reading the entire review of XBO.com, you have all the insights about this exchange. It can be said that XBO.com has been in operation for less than a year and is gaining popularity worldwide among crypto users.
According to specialists in the field, XBO, with its gaming-inspired UI, may soon be regarded as one of the top European exchanges, offering cutting-edge technology, a quick registration process, easy to use interface, and simple trading terms that attract both seasoned traders and newcomers.
Even while no exchange can completely guarantee against security breaches, XBO’s strong data protection act is noteworthy. We extensively studied every aspect of XBO.com while we wrote this review, and now that we have, we are convinced that this cryptocurrency exchange will flourish, especially among new traders.
Is XBO.com Exchange Safe?
XBO.com uses AWS, Cloudflare, Fire Blocks, Ledger, and Fugu technologies to give crypto users a secure environment. You may be sure that the platform is safe for you because it meets CCSS level 3 security regulations and SOC 2 accreditation.
Is XBO.com Exchange Suitable for Beginners?
Yes, it is beginner friendly.
What Are the Payment Methods Accepted by XBO.com?
At XBO, you can pay with three simple methods: credit card, bank transfer, and cryptocurrency.
Can You Have Multiple Accounts with XBO.com Crypto Exchange?