Cryptocurrencies have brought significant changes in financial markets, including our way of trading.
Due to the sheer number of crypto exchanges, choosing the best can be a daunting task.
However, soon-to-be-launched crypto exchange XBO.com, is set to change how we go about trading and enhance our experience. We were fortunate to get a brief interview with a company representative, who gave us an insider perspective on the services and features XBO is planning to implement, in various stages following its release.
So, if you are still unaware of XBO.com, read this article till the end to learn more about the services it plans to offer. We will also discuss how this exchange differentiates itself from others.
What Is XBO?
XBO is a new-generation crypto exchange.
The exchange will launch with close to 100 cryptocurrencies, which will help investors diversify their portfolios.
XBO promises to offer an enhanced trading experience, competitive fees, and advanced security features.
What will be the Top Features Offered by XBO?
The user interface of a platform is the first point of contact for every trader.
XBO claims to offer a simple, easy-to-use UI.
It will provide quick access to critical information, such as your portfolio holdings, price charts, and recent activity, as well as fast access to trading features, tools, and account settings.
XBO’s intuitive user interface makes it an ideal platform for those new to trading.
Wide Range of Supported Cryptocurrencies:
Soon after the release of the platform, users will be able to buy, sell, and exchange close to 100 prominent as well as lesser-known coins.
Here’s are some popular cryptocurrencies and stable coins that will be available on XBO.com:
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- Cardano (ADA)
- Dogecoin (DOGE)
- USD Coin (USDC)
- Uniswap (UNI)
XBO promises to deliver an advanced and intuitive trading experience through web-based platforms and mobile apps.
The platform’s straightforward buy and sell options, and extensive help page, will appeal to beginners.
The exchange will also feature an advanced tool set, including extensive charting tools, and several order types, allowing user to rapidly enter and exit positions.
A highly functional and user-friendly mobile app will allow users to buy, trade, and manage their cryptocurrencies on the go.
The app will be available on Google Play Store and Apple’s App Store.
Competitive and Low Fee Structure:
According to the exchange, the platform will offer a competitive and transparent flat-fee structure.
Outstanding Customer Support:
Good customer support is an essential element for the success of any crypto exchange.
XBO customers will be able to access the support team during regular business hours, and 24/7 for onboarding purposes.
The platform will offer customer support services through a variety of channels, including phone, e-mail, and live chat options.
XBO is developing educational resources for beginners and experienced crypto traders, including interactive videos, e-books, VODs, and webinars.
XBO promises to offer high interest on crypto staking, making it ideal for traders to earn a passive income.
While crypto staking is available for proof of staking (PoS) cryptocurrencies, XBO rewards are comparatively higher than that of other crypto exchanges.
The XBO platform stands out due to its offering of bonuses and rewards. The exchange already offers attractive bonuses on sign-up.
The exchange is introducing loyalty programs through which users can earn rewards in the form of crypto tokens.
Hassle-free Deposits and Withdrawals:
The platform claims to offer hassle-free deposits and withdrawals, via debit and credit cards, as well as bank transfers.
How Safe Is XBO?
Cold Storage Security:
The platform claims it will hold its clients’ cash and deposits in a geographically distributed cold storage facility. The reserves will be kept at full capacity to enable safe and timely withdrawals.
Data Security for Users:
The exchange is planning to encrypt all sensitive information pertaining to the exchange, such as contact details and personal data, as well as held currencies.
To ensure the confidentiality of personal information, a team of security specialists will be conducting vulnerability testing on a regular basis.
The company claims to invest greatly in cybersecurity to prevent security breaches and hacks.
XBO uses AWS, Cloudflare, high-end firewalls, a variety of authentication and verification instruments, and other advanced security services. The platform complies with SSL protocols, SOC 2 certification, and CCSS level 3 security standards.
Other security features claimed by XBO include IP address and device whitelisting, cold storage, and two-factor authentication.
While no exchange can completely guarantee against security breaches, XBO’s extensive security mechanisms are impressive.
The Bottom Line:
XBO is a new-age crypto exchange that will soon make an entry into the crypto industry. It has already been creating quite a stir in the crypto community before its launch.
After going through all the features of XBO, we are confident that this crypto exchange is going to prove extremely popular, especially among entry-level traders.