xBTCe offers a mix between a cryptocurrency exchange and a forex broker. While their name suggest a connection to the infamous BTC-E, which was shut down by the FBI, we didn’t manage to find any links. We would not recommend this service to beginners, simply due to its complicated nature.
xBTCe is a rather unique project. Other than the ususal crypto-exchange, they claim to aggregate orders from different trading venues, in order to provide a tight order book. This can then be accessed by traders, via a “Cash account” (basically a standard one) and a “Margin account”, where one can trade with leverage.
xBTCe offers trading via a web-based platform on the website, the forex industry leader MetaTrader 4 and ThickTrader. This leaves a lot of choice for clients.
The web-based interface is intuitive, with charting provided by TradingView.
MetaTrader4 is something which most forex traders will be familiar. This is a light solution, which packs excellent charting, a lot of customization and additional functions (support for automated trading systems, copying other traders and all the technical indicators you can think off).
As you may know, some forex brokers have adopted cryptocurrency CFDs. Trading with this type of product allows you to make profits and losses on the price moves of a given coin, without actually owning it. This has its strong and wear sides.
Major coins and fiat supported – the coins available at this exchange are well known in the world of crypto – BTC, BCH, ETH, LTC, XRP and DASH. They are traded against each other and some of the most popular fiat ones USD, EUR, GBP, JPY, CNH, RUB. Altcoins are also available, but they are not so well known and the trading volumes are rather low.
A lot of payment methods – xBTCe supports cryptocurrencies, bank transfers, credit cards and even some e-wallets. This is impressive by any standards. The e-wallets accepted are Advanced Cash, FasaPay and Perfect Money.