Xgo
review and rating

XGo is a company providing multiple services associated with cryptocurrencies aimed to replace the traditional financial system gradually. The XGo website stresses that the platform is web 2.5, not web 3, as many of their rivals describe themselves. By the 2.5 number, XGo means that the company's services will be more familiar and habitual for customers than the web 3 products. The point is to bring the benefits of cryptocurrencies closer to the masses.

XGo sticks with the term "neo bank," meaning that they can perform all the banking features on par with solid trading functionality, lean heavily on digital currencies, and don't use brick-and-mortar banks. XGo started with crypto trading to develop other directions in the future.

The platform creators are fintech experts and crypto enthusiasts. One of their goals is to develop a finance platform that is both intuitive and trustworthy so that people can be confident while using XGo. Crypto should bring benefits to users in a secure and easy-to-use environment. Efficient risk management, safe business practices, and sound governance are among XGo's priorities.

On top of that, XGo doesn't forget about the initial focus of cryptocurrencies on decentralization. Although the XGo team recognizes that decentralizing the economy is a tough challenge, they refuse to give up on this. XGo aims to approach decentralization carefully and realistically with expertise and determination. And that's the journey that they invite everyone to join.

XGo is a growing platform with a widening set of features. Currently, it allows all kinds of spot and perpetual trading features, including margin and futures trading. Swapping crypto is another popular feature that can be found on XGo. Unlike most exchanges, XGo offers swaps between crypto and fiat currencies.

Staking is another strong feature of XGo, as it provides a unique Superfluid Staking system that doesn't require users to lock their assets while staking them. Other ways to make crypto for you are around the corner. Other upcoming features include a virtual bank card. The platform has an affiliate program that can bring you extra profits.

Before describing the XGo features in detail, we should tell you about WalletID, an identification system that makes using XGo very simple.

One of the features that bring XGo closer to traditional bank services is the announced virtual card service. The planned feature will allow you to spend crypto via the virtual bank card. It will work the same way as with the regular virtual bank card but instead of fiat currencies you will spend or deposit cryptocurrencies.

The XGo card can be used in any retailer accepting crypto. The transaction history and other info associated with the card will be available in the XGo application. This feature makes the use of crypto much easier. Instead of exchanging it for fiat money (and losing money in fees for it), you will be able to spend crypto right away in shops that are progressive enough to accept digital money.

Apart from margin trading, you can use borrowed funds in the Futures section. Trading futures allows you to use much higher leverage — up to x100 for the specific perpetual. As of March 2023, XGo offers over 20 trading pairs in the Futures section. The minimum leverage size is x25.

Like in the case of margin trading, futures trading requires a strong understanding of the crypto market and rich trading experience because, on par with high returns, futures trading involves higher risk. Not many crypto exchanges support crypto futures trading, and the fact that XGo offers such an opportunity is quite notable.

The position limits for futures trading depend on the chosen leverage size. The maximum available position limit is 5,653,801 USDT (x3 leverage). Beginning with the x25 leverage level, the limit doesn't exceed 1 million USDT. The maximum leverage level (x100) corresponds with the position limit of 100,237 USDT.