XT.COM: licences, security, fees and reviews

Centralized exchange

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Key facts

Type: Centralized exchange
Exchange launched: 2018
Official site: xt.com

Key facts checked on 29 October 2026 against official sources and regulator registers.

What is XT.COM

XT.COM is a centralised cryptocurrency exchange launched in 2018. It offers spot, margin and futures trading, copy trading, earn and loan products, a real-world-asset marketplace and payments through XT Pay. A 2023 Québec tribunal decision, citing XT.COM's homepage at the time, names BZ Limited, a Hong Kong company, as its owner and operator; the tribunal treated the two as one person.

Good to know

XT.COM says it operates "within a globally regulated framework", but the official pages checked (About page, user agreement, help centre) name no licence, registration number or regulator. ↗
The user agreement refers only to "the company" and does not name the legal entity that contracts with users. ↗
A 2023 Québec decision cites XT.COM's homepage at the time as saying the exchange was owned and operated by BZ Limited, a Hong Kong company incorporated in 2021. ↗
In 2023 XT.COM said it had an establishment in the Seychelles and headquarters in Dubai. Neither XT.COM nor BZ Limited is on the Dubai VARA public register of licensed VASPs (checked 29 October 2026). ↗
XT.COM announced that Singapore IP addresses would be blocked from 20 June 2025, citing licensing requirements of the Monetary Authority of Singapore. ↗
On 28 November 2024 assets worth about 1 million USDT, across 12 tokens, moved out of an XT.COM platform wallet and withdrawals were paused. XT.COM says only its own assets were affected. ↗
Spot fees are 25% lower when paid with the exchange's own XT token, and XT holdings count extra towards VIP fee tiers. ↗
The list of countries where the service is prohibited is non-exclusive and can change at any time; XT.COM says it will not notify users individually. ↗
The UK is not on XT.COM's list of prohibited countries, but the FCA warns that XT.com is not authorised and may be targeting people in the UK. The FCA says people who deal with it have no access to the Financial Ombudsman Service or FSCS protection. ↗
In April 2023 XT.COM told Québec's regulator that Canadian IP addresses were blocked; the regulator still logged in to an account from Québec on 24 May 2023 and traded from it. ↗

Services

Services — XT.COM
Parameter	Details
Spot trading	Spot trading in over 1,300 tokens and trading pairs (as of October 2025), plus OTC trading.
Margin	Margin trading.
Derivatives	Over 600 perpetual and delivery futures contracts with leverage up to 125x (as of October 2025), plus ETF trading.
Copy trading	Copy trading and trading bots.
Staking / Earn	Earn and loan products, P2P trading and a launchpad.
Fiat deposits	Buying crypto with fiat requires identity verification.
Own token	XT token; paying spot fees in XT gives 25% off, and XT holdings count with a multiplier towards VIP tiers.
Own blockchain	XT Smart Chain.

Status in the United States and the United Kingdom

The FCA put XT.com on its Warning List on 25 March 2025. It says the firm is not authorised by it and may be targeting people in the UK; the entry lists the xt.com website, XT.COM’s mobile apps and its social media accounts. FCA Warning List
According to the FCA, customers of a firm that is not authorised by it have no access to the Financial Ombudsman Service and are not covered by the Financial Services Compensation Scheme (FSCS). FCA Warning List
Under the UK money laundering regulations, cryptoasset businesses must register with the FCA before offering in-scope services in the course of business carried on in the UK. FCA, cryptoasset AML/CTF regime
FinCEN’s MSB Registrant Search returned no match on 29 October 2026 for “XT.COM”, “XT Exchange” or “BZ Limited”, the Hong Kong company named alongside XT.COM in a 2023 Québec decision, searched by legal and trade name. FinCEN MSB Registrant Search
XT.COM’s user agreement (as edited 13 January 2026) lists the United States among the nine countries and regions whose users may not use its services; it says the list is non-exclusive and can change at any time. XT.COM, user agreement

Checked on 29 October 2026 against regulator registers and the text of the law.

Security and audits

Runs a bug bounty programme; its severity table lists rewards from 50 US dollars (low) to 4,000 US dollars (critical), while its introduction gives a range of 50 to 2,000 US dollars.
Publishes a Merkle-tree proof of reserves comparing user assets with XT wallet assets.
After the November 2024 wallet incident, XT.COM says unexpected high-value transfers are blocked until approved under a multi-signature protocol.
Unverified accounts can withdraw up to 200,000 USDT a day; identity-verified accounts up to 10,000,000 USDT.
The AML/KYC policy says XT.COM does not open anonymous accounts or accounts in fictitious names.

Fees

Fees — XT.COM
Parameter	Details
Spot maker	0.20% at the base VIP 0 tier (0.15% when paid in XT)
Spot taker	0.20% at the base VIP 0 tier; the public API lists 0.2% for BTC/USDT
Futures maker	0.02% at the base tier
Futures taker	0.06% at the base tier
Withdrawals	Set per coin; since 2021 calculated dynamically from the coin's price on the day

Who can use it

Verification: Identity verification with a government-issued ID is required for full access, including fiat purchases and higher withdrawal limits.
The user agreement prohibits users in the United States, Canada, mainland China, Cuba, North Korea, Singapore, Sudan, Venezuela and Crimea. In separate notices XT.COM said it would end all platform services for users located in Kazakhstan from 9 July 2026, the European Economic Area from 14 July 2026 and India from 25 September 2026. The list can change.

History

History — XT.COM
Date	Event
2018	XT.COM exchange is founded (XT dates its founding to 2018; it celebrated its eighth anniversary in October 2026).
17 August 2022	South Korea's Financial Intelligence Unit refers XT.com to investigators as a virtual asset operator not registered with it.
20 September 2023	Québec's Financial Markets Administrative Tribunal, on the AMF's application, fines XT.COM and BZ Limited CAD 2 million and orders them to block access to XT.com in Québec within two months.
9 January 2024	XT.COM publishes hot and cold wallet balances for some key assets, totalling about 56.22 million US dollars, as of 8 January 2024.
28 November 2024	Assets worth about 1 million USDT, across 12 tokens, are moved out of a platform-owned wallet and withdrawals are paused; XT.COM said withdrawals would resume gradually from 29 November.
25 March 2025	The UK Financial Conduct Authority adds XT.com to its Warning List of unauthorised firms.
9 June 2025	Spain's CNMV issues a public warning that XT.COM is not authorised to provide investment services or crypto-asset services under MiCA.
20 June 2025	XT.COM announced that Singapore IP addresses would be blocked from 20 June 2025, after offboarding Singapore users from 15 June.
5 March 2026	New VIP fee tiers take effect.
9 July 2026	XT.COM ends all platform services for users located in Kazakhstan, after stopping new registrations and deposits (notice of 8 July 2026).
14 July 2026	XT.COM ends all platform services for users located in the European Economic Area, after stopping new registrations and deposits (notice of 8 July 2026).
25 September 2026	XT.COM ends all platform services for users located in India, after stopping new registrations and deposits (notice of 18 September 2026).
13 October 2026	South Korea's Financial Intelligence Unit announces that access to XT.com and 26 other unregistered operators' websites is blocked in Korea.

Risks and caveats

The XT.COM official pages checked (About page, user agreement, help centre) name no licence, registration or regulator, and the user agreement does not name the company users contract with.
In 2023 a Québec tribunal fined XT.COM and BZ Limited CAD 2 million for offering products without complying with securities law and ordered access to XT.com blocked in Québec.
The user agreement says trading may be suspended or prohibited at any time because of changes in law.
Not available in the US, Canada, Singapore and several other countries; in 2026 XT.COM also ended services for users located in Kazakhstan, the European Economic Area and India.
The UK FCA lists XT.com as an unauthorised firm (25 March 2025), and Spain's CNMV warned on 9 June 2025 that XT.COM is not authorised for investment or MiCA crypto-asset services.
South Korea's Financial Intelligence Unit referred XT.com to investigators in August 2022 as an unregistered operator, and access to its website in Korea was blocked in October 2026.

About the company

Founded: 2018 (exchange launch)
Legal entity: BZ Limited, Hong Kong, incorporated in 2021; named as owner and operator in the 2023 Québec decision. Current terms name no entity.
Headquarters: Dubai, UAE (as XT stated in 2023, per the Québec decision), with an establishment in the Seychelles; XT's October 2026 anniversary release is datelined Seychelles
Own token: XT

Official links

Website: www.xt.com/en
Fees: www.xt.com/en/rate
Proof of reserves: www.xt.com/en/accounts/proof-of-reserves
Terms of use: xtsupport.zendesk.com/hc/en-us/articles/900001631023
Security: xtsupport.zendesk.com/hc/en-us/articles/17882128272409

Questions and answers

Is XT.COM regulated?

The XT.COM official pages checked name no licence or regulator, and it is not on Dubai's VARA public register of licensed VASPs (29 October 2026). Québec fined it CAD 2 million in 2023, and the UK FCA and Spain's CNMV have issued warnings.

Does XT.COM publish proof of reserves?

Yes. It publishes a Merkle-tree proof of reserves comparing user assets with its wallet assets and states a 1:1 reserve ratio; no auditing firm is named.

What are XT.COM's fees?

At the base tier spot trading costs 0.20% for makers and takers (0.15% paid in XT), and futures 0.02% maker and 0.06% taker. Withdrawal fees vary by coin.

Who owns XT.COM?

Current official pages checked do not name the owner; a 2023 Québec decision cites XT.COM's homepage at the time as saying it was owned and operated by BZ Limited, a Hong Kong company.

Is XT.COM available in the US?

No. The user agreement prohibits users in the United States, Canada, Singapore and several other countries, and in 2026 XT.COM also ended services for users located in Kazakhstan, the European Economic Area and India.

Is XT.COM available in the UK and the EU?

No longer in the EU. In a notice of 8 July 2026 XT.COM said it had stopped new registrations and deposits for European Economic Area residents and would end all platform services for users located in the EEA from 14 July 2026. The UK is not on XT.COM's prohibited-countries list; the UK FCA lists XT.com as unauthorised, and Spain's CNMV warned in June 2025 that it is not authorised for MiCA crypto-asset services.

Is XT.COM available in South Korea?

South Korea's Financial Intelligence Unit lists XT.com as an unregistered operator referred to investigators in 2022, and access to its website in Korea was blocked in October 2026.

Has XT.COM had a security incident?

On 28 November 2024 assets worth about 1 million USDT, across 12 tokens, moved out of a platform-owned wallet and withdrawals were paused. XT.COM says no user funds were affected and now blocks unexpected high-value transfers until they are approved under a multi-signature protocol.

Sources

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Page updated: 2026-10-29