xBTCe is this a scam? Review and Customers Reviews

xBTCe is an affordable and simple exchange to trade in cryptocurrencies. It was founded in China in 2015. On this platform, you will be able to exchange crypto assets, including the most common digital currencies (BTC, LTC, NMC, PPC, ETH, DSH), using various trading orders and a book of orders for this purpose.  On the site there are wide possibilities of replenishment and withdrawal of funds, a large knowledge database as well as many useful additions.

Certainly, as many other potential clients of this online service, you’re eager to know whether it’s another fraudster or it’s something reliable and trustworthy, which guarantees free trade, substantial security and trouble-free withdrawal of earnings. Let’s answer this question here below.

The xBTCe platform was created in China by a group of professional financiers. Currently, the company provides an opportunity to exchange rare digital coins and to trade in them. These are LTC, ETH, BTC, DSH, PPC, NMC and also fiat money. The developers provide their users with a wide range of tools to get the most accurate picture of trades and ensures an amazing convenience of conducting crypto transactions: detailed reports on the transactions made, the history of all applications that were conducted within the exchange, the tracking of exchange rates of crypto assets (here you can read about how to earn on digital coins) , changes in exchange rates in the charts and columns of quotes. All of the options mentioned above work in real time. A separate serious advantage over other crypto exchanges is the availability of a free demo account, on which you can work even without registration.

In the interface of the platform you will not find anything superfluous. It’s as simple as possible – on the main page you can see only important information: the crypto exchange rate chart chosen by you (online data only), the «VWAP» button (it enables you to specify the price on the market in the «OFF» position, as well as an advantageous offer taking into account the indicator of the order at the position «ON»), buttons for sale and purchase, spread indicators for the current moment. Convenient additions include: a panel for adjusting the size of the chart, adding of a «magnet» to the desired exchange rate for visual tracking of changes, setting of the marks of the digital marker, curves (with a possibility of changing colors), text.

The system works in such a way that you can at any moment minimize or maximize the chart, upload or download data for analysis, stop your work, completely removing your own settings as well as specified limits. The site is convenient and understandable. It’s accessible to users from all over the world. The platform supports up to 13 languages: Russian, Spanish, German, English, Portuguese, Korean, Japanese, Chinese, Indonesian, Arabic, Thai, Malay and Persian. You can chat with experienced traders. Feel free to reach out to the support service in online chat if you have any questions.  By the way, the cost of connection to this chat is 1 dollar, it helps to exclude bots and fight against spam. The cryptoexchange xBTCe provides various APIs for efficient work.  A big plus is the availability of an extensive knowledge database for beginners, demo trading and market news on the site.

Replenishment and withdrawal of funds

The personal office is available in Russian, Chinese and English and it’s very easy to use. Here you can open your trading account for buying and selling digital coins, replenish the balance or withdraw earnings, make transfers, make changes to the settings of your office. The platform provides the ability to disable or add SMS notifications, enhance transaction security by adding two-factor authentication, track IP addresses used to log on to the system.

To deposit funds, the following options are accepted: bank transfers, credit or debit plastic cards (Visa, MasterCard), electronic payment systems (China UnionPay, FasaPay, IntellectMoney, PerfectMoney, Advcash), prepaid cards, cryptocurrencies.

When it comes to withdrawal of your earnings from the trading account, you can use bank transfers, credit and debit cards (MasterCard, Visa) and electronic payment systems: FasaPay, PerfectMoney, Payza, Advcash, xBTCe vouchers. The withdrawal of all revenues is carried out on a direct request in manual mode. You can also use your earnings to buy orders.  You can also transfer funds to other users of the system. It’s possible to configure the automatic withdrawal of cryptocurrencies (read the whole truth about cryptocurrencies here). Processing of payments for replenishment and withdrawal takes from 1 to 5 days.

Complaints about xBTCe

Today we can see a lot of different reviews about the xBTCe crypto exchange. However, the vast majority of users positively evaluate the functionality and capabilities of the platform. Being a vivid example of an easy-to-use system, it offers traders an intuitive interface and convenient information right on the main resource page. There’s everything you need for trading: customizable trading charts, a book of orders, a feed of deals and online chat. Additionally, on the site you can find actual materials for training, available in 5 languages (English, Russian, Chinese, Japanese and Malay), Forex news. Replenishment and withdrawal of funds is carried out without delays, the support service responds quickly to any issues, the platform is protected from hacker attacks. Traders have already appreciated all the possibilities of the xBTCe exchange and strongly advise it to both professionals and newcomers.

The main disadvantage is an obligatory verification. However, it only underlines the company’s great concern about the maximum security of the system. It shows its serious attitude to work with real and bona fide users.

Regulation of xBTCe

The xBTCe platform is officially registered in China, so it’s subject to the legislation of this Asian country. The exchange guarantees the storage and protection of personal data (e-mail, phone, identification documents: passports, PHH, real-residence addresses, bank accounts – all of this is required for the verification procedure), as well as complete information about the transactions, including replenishment and withdrawal of funds.

The xBTCe exchange doesn’t sell, license, provide or disclose personal information to any third party (non-affiliated third parties). To ensure the fulfillment of all obligations of the security policy of the service, the company applies specialized software programs to collect data about users, including cookies.

Additional security of trading is provided through a fully customizable two-factor authentication (it suggests the use of your own password as well as an additional security code), mandatory confirmation of e-mail when registering, SMS notifications, a list of black and white IP-addresses. In addition, on this platform only verified users can deposit funds to their trading account and withdraw their earnings. After confirmation of the authenticity of the documents provided, a legal agreement is signed with each user. According to official announcements of representatives of xBTCe, the platform takes all available measures to ensure the maximum level of security for its clients. Full information on the procedure and rules for regulating the operation of the site can be found on the company’s official website in the section «Terms of Service».

Read the Terms of Service on the website of xBTCe

Is xBTCe a scam?

xBTCe has been dynamically developing in the crypto world since 2015. During this time, the crypto exchange has managed to gain the trust of its users around the globe. It has successfully proved its relevance, user-friendliness as well as security. The site offers simple and convenient tools for work: a customizable trading chart (with clear functionality), a book of orders and a feed of transactions, which are updated in real time. You can adjust the intuitive (minimize or maximize the required windows) interface, download the necessary data from the site or upload anything into your CRM system or any other software program, use a specialized API.

Working on the xBTCe exchange, you can easily and without delay buy and sell popular and prospective cryptocurrencies (LTC, ETH, BTC, DSH, PPC, NMC), replenish your trading account and withdraw earnings from it (using bank cards, electronic payment systems, etc .). As for the indisputable advantages of the site, it’s worth to point to a free demo version of your trading account and low commissions. The exchange enables you to set up automatic withdrawal of the chosen cryptocurrency when you reach a certain level of turnover in the system. XBTCe makes a strong emphasis on safety and reliability of the resource, which once again proves the enormous desire to ensure stable trading in the most comfortable conditions. For this purpose the company has come up with a configurable 2FA authentication, SMS alerts, lists of black and white IP, mandatory mail confirmation as well as the verification procedure. Besides this, the crypto exchange provides an impressive amount of important, useful and up-to-date information that will help in training and trading: actual currency exchange rates, charts, news, etc.

An easy-to-use user interface of the personal office will be undoubtedly understood and appreciated even by novice traders. All the additional information, answers to questions can be obtained in the platform’s online chat. Here you can also share your knowledge of crypto trading, listen to the opinion of experienced traders, discuss the latest news and trends on the market. In order to avoid spam, only those users whose account has at least $1 have access to the chat. When talking about the company’s strong sides, most traders point to profitable conditions of crypto trade and exchange (2018 cryptocurrency forecast). Additionally, they mention a possibility of using fiat money and free registration of eWallet crypto wallets.

The site employees faithfully work for users and try to create the most comfortable conditions for interaction with the exchange. As for negative moments, there’s mandatory verification, a small number of digital currencies available for work. However, there are more positive reviews about the company, so the overall level of trust in it is high. It definitely proves the fact that xBTCe isn’t a scam. Today the site is available in 13 languages. Its knowledge database has been translated into English, Chinese, Japanese, Malay, and Russian, which makes the work here comfortable for many traders around the globe.  However, not all materials are presented in the native languages of traders, which can complicate the interaction with the system. Of course, you’d like to know whether xBTCe is a fraudster or not. Well, we can’t label it as a scam. It’s because it’s demonstrating a stable and successful operation on the crypto market. It has been successfully providing high quality services, useful materials. Moreover, it guarantees rapid capital withdrawal and security of the system.

Conclusion

The crypto exchange xBTCe is an interesting example of a simple trading platform with a clear interface for full-fledged work with cryptocurrencies. It’s actively developing, offering its users convenient conditions for making profitable transactions. Everyone can try his hand at the demo version of the trading account even without registration in the system.

The platform has been operating since 2015. For this time the crypto exchange has received a significant number of reviews, and most of which are exceptionally positive. There’s everything for convenient work here: fast withdrawal of earnings, constantly updated actual information, substantial user and financial protection and the highly responsive support service. All of this positively affects the overall credibility of the platform. In this review, the editorial office of the project FraudBroker.com won’t call xBTCe a scam. However, we hope to see real feedback from both newcomers and experienced traders about the platform. It’s up to you to help users to learn about probable complexities of the system and influence its rating on our website.