XT.com Review

Cryptocurrency adoption in Nigeria has been surging, driven by inflation, limited access to traditional banking, and the tech-savvy youth population. But with so many exchanges in the market, choosing the right one can be overwhelming — especially for beginners.

That’s where XT.com comes in. Touted as the world’s first social-infused digital asset trading platform, XT.com has gained traction globally, and now it’s turning heads in Nigeria. But how well does it actually perform in the areas that matter — security, fees, ease of use, P2P trading, and regulatory trustworthiness?

In this comprehensive review, we’ll break down everything Nigerian crypto users need to know about XT.com in 2024.

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What is XT.com? A Quick Overview

XT.com was founded in 2018 and is registered in Seychelles. It stands out as one of the few socialized trading platforms, integrating community features into its user experience. The platform supports:

• Spot and futures trading
• Peer-to-peer (P2P) crypto exchange
• Staking and savings products
• Copy trading
• NFT marketplace

With over 6 million registered users across 100+ countries, XT.com is rapidly becoming a go-to exchange, especially for users in regions underserved by traditional finance — like Nigeria.

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Is XT.com Legit and Safe for Nigerians?

✅ Security Features

XT.com employs industry-standard security protocols such as:

• Cold wallet storage
• Two-factor authentication (2FA)
• Anti-phishing codes
• Advanced risk management systems

No major security breaches have been reported as of early 2024 — a good sign for users prioritizing asset safety.

✅ Licensing and Regulation

While XT.com is not currently licensed by the SEC of Nigeria (Securities and Exchange Commission), it operates under a Seychelles license and is working on expanding its regulatory footprint. It also complies with KYC/AML policies, which is becoming increasingly important in the Nigerian crypto landscape.

Verdict: While not locally licensed, XT.com has a growing reputation for safety and transparency.

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XT.com Key Features for Nigerian Crypto Users

Let’s dive into the core features that make XT.com a viable choice for crypto users in Nigeria.

🔁 P2P Trading with Naira (NGN)

XT.com supports Naira (₦) transactions through P2P trading, making it easier for Nigerians to buy and sell crypto directly from local users. This is crucial in a market where centralized bank-to-exchange transactions are restricted.

• Supports popular payment methods like bank transfer, Opay, and Palmpay
• Offers escrow protection to minimize scams
• Low trading fees for P2P merchants

💱 Wide Range of Assets

XT.com offers 500+ trading pairs, including popular coins like:

• Bitcoin (BTC)
• Ethereum (ETH)
• Tether (USDT)
• Solana (SOL)
• Dogecoin (DOGE)

It also lists trending altcoins and newly launched tokens — ideal for traders looking for early opportunities.

📈 Futures & Spot Trading

For more advanced users, XT.com offers:

• Spot trading with deep liquidity
• Futures contracts with up to 100x leverage
• Copy trading options for beginners who want to follow successful traders

The user interface is intuitive, even for those new to crypto, which makes onboarding smoother for Nigerians just getting started.

🧠 Copy Trading

New traders in Nigeria can replicate the strategies of top-performing traders in real time. This is a massive win for users still learning the ropes or hesitant to trade independently.

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XT.com Fees and Limits

📊 Trading Fees

XT.com operates on a maker-taker fee model:

• Spot trading fees: 0.2%
• Futures trading: as low as 0.05%

Compared to competitors like Binance or KuCoin, these rates are competitive and fair — especially when combined with loyalty rewards and trading bonuses.

💸 Deposit and Withdrawal Fees

• Crypto deposits: Free
• Crypto withdrawals: Vary by asset
• NGN P2P deposits/withdrawals: Usually no platform fees, but payment provider fees may apply

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Pros and Cons of XT.com

Pros	Cons
✅ Supports NGN P2P trading	❌ No Nigerian SEC regulation yet
✅ Beginner-friendly UI	❌ Limited fiat deposit options outside P2P
✅ Copy trading for passive investors	❌ Customer support can be slow during peak hours
✅ Strong global presence & growing African focus	❌ Some altcoins lack liquidity

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XT.com vs. Other Popular Exchanges in Nigeria

Feature	XT.com	Binance	KuCoin
NGN P2P Support	✅ Yes	✅ Yes	✅ Yes
Regulation in Nigeria	❌ No	❌ No	❌ No
Copy Trading	✅ Yes	❌ No	✅ Yes
User Experience	⭐⭐⭐⭐	⭐⭐⭐⭐	⭐⭐⭐
Mobile App	✅ Available	✅ Available	✅ Available
Best For	Beginners & Copy Traders	All Users	Altcoin Traders

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How to Get Started with XT.com in Nigeria

📱 Step-by-Step Guide:

1. Sign up at XT.com
2. Verify your account (KYC) using NIN/passport & selfie
3. Navigate to P2P Market to deposit NGN and buy USDT
4. Start trading spot, futures, or copy trades
5. Withdraw earnings or reinvest in staking/NFTs

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User Experience: What Are Nigerians Saying About XT.com?

XT.com is slowly gaining a loyal Nigerian user base. Reviews highlight:

• Easy onboarding process
• Smooth P2P transactions
• Appreciation for copy trading and low fees
• A few concerns over customer support delays

On social platforms like Twitter and Telegram, many Nigerian users say they use XT.com alongside bigger exchanges for diversification and early altcoin access.

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Conclusion: Is XT.com Worth It for Nigerian Crypto Traders?

XT.com is a solid exchange for Nigerians, especially beginners and passive investors. Its P2P NGN support, copy trading tools, and low fees make it highly competitive in a market hungry for user-friendly platforms.

While regulatory concerns and limited fiat options still linger, its commitment to security and community-driven features show long-term promise.

✅ Recommended For:

• Nigerian beginners starting out in crypto
• Traders looking for new token listings
• Passive investors who prefer copy trading
• Users tired of high fees on bigger platforms

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FAQs About XT.com in Nigeria

❓Can I deposit Naira directly on XT.com?

Not through banks, but yes — through the P2P marketplace with trusted local merchants.

❓Is XT.com regulated in Nigeria?

Not yet. It’s registered in Seychelles but is KYC/AML compliant and expanding its legal footprint.

❓Is XT.com better than Binance?

Depends. Binance has more liquidity, but XT.com offers easier access to copy trading and new tokens.