de | cn | ru

xBTCe Review - is it scam or safe?

xBTCe Review - Is scam or safe cryptocurrency exchange?

RATING: 1.5 / 3 REVIEWS ForexBrokerz xBTCe
xBTCe is not regulated. We cannot guarantee your money is safe.


Trading Accounts & Conditions


Account type Leverage Maker Fee Taker Fee Deposit Fee
Cash 1:1 From 0.15% From 0.25% Depends on method
Margin 1:3 Unspecified* Unspecified* Depends on method

*Some conditions are mentioned, but they appear to be a CFD offer.



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 Advantages

A different model – 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.

Competitive trading fees – the costs involved with Cash account trading at xBTCe are in-line with the current offers by other exchanges. Furthermore, they become even lower for bigger traders. There are requirements for both account size and trading volumes. Here is the breakdown:

The fees involved with margin trading are not specified clearly. We will get to that in the negatives section of the reviw.

Three platforms available
– 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. The border book is on the left, with the actual order entry panel integrated between the best bid and ask, Here is a preview (click to zoom):

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).

>>Forex brokers offering MT4<<

ThickTrader looks like a copy of MT4, with a slightly different interface. Here is a preview, of this platform, which we also find relatively enjoyable (click to zoom):

1:3 in leverage – the fact xBTCe provides margin is impressive, but the maximum ratio is rather low. The aggressive traders, who are willing to enter the world of crypto may require even more.

>>Crypto forex brokers<<

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. Read our guide for a better picture.

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.

xBTCe Disadvantages

Poor user experience – the main issue (and probably the main reason this exchange is not that popular) is their lacking presentation. It took us quite some time to realize the exact nature of their offering. While it is a complex one, xBTCe could have done a much better job explaining it. The “Knowledge base” is arranged in a slightly non-intuitive fashion and is reminiscent of websites in the early 2000-s.

Little company background – given their serious offer, xBTCe does very little to establish any credibility. While few companies in the world of cryto are regulated at least providing some information on the people behind your project brings some credibility. This company is allegedly created by “a group of experienced traders, finance professionals and crypto enthusiasts”, which doesn’t reveal much.

Does not accept US Clients
– this is probably due to the serious regulatory environment in the States. While it may not be an issue for non-US clients, this hints towards a bigger issue, we will mention later.

Almost no user reviews
– we weren’t able to find much comments about this exchange. This is most likely due to the non-intuitive presentation. Some of the comments which we found lead us to the next two points.

Possibly fake volumes
– the size of transactions occurring at xBTCe, combined with the lack of user reviews about the exchange, seems suspicious. On top of that, some have observed unusual activity in the order book. We will not get into to any details now, but the argument seems convincing.


Is margin trading based on CFDs?
– this is the one thing we weren’t able to clearly understand about xBTCe. While it would be obvious to assume, you are simply buying the coins from the exchange, the way trading conditions about the Margin account are presented are similar to the way CFD brokers do. Here is an illustration:



xBTCe is a complicated cryptocurrency exchange, which doesn’t do the best job at presenting their offer. Their margin trading account may actually be a CFD broker in disguise, but the very fact we are not certain about that is dubious enough. The plethora of trading platforms and two account types available, make this seems like a “professional exchange”, but the lack of information about the company behind it leaves a negative impression.

Given the analysis made by observers, we can suspect the trading volumes on this venue are manipulated. That being said, we come to the biggest risk involved with all crypto exchanges – you have little certainty about the honesty of your counterparty. Trading Bitcoin, with margin in a much more secure environment is possible – a highly regulated forex broker offers top-tier protection for your investment. Check the link below for more details.

>>Regulated Bitcoin forex brokers<<

Here is our experience with this exchange:

Pros    Cons
A different model Poor user experience
Competitive trading fees Little company background
Three platforms available    Does not accept US Clients
1:3 in leverage Almost no user reviews
Major coins and fiat supported Possibly fake volumes
A lot of payment methods Is margin trading based on CFDs?


Latest news about xBTCe
No news about xBTCe. Check back later.
Broker Country Regulation Platform Min Deposit Review
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for xBTCe
















Price feed















Customer service










100% scam

it's btc-e same company exmo also scam
just leave here. all fucking scam.
they make minus account and can't withdraw error.
scam scam never use it !!!

john doe 05/17/2019

scam - they deleted all my transactions

i had invested few hundred us dollars on xbtce (i believe they are related) back on mid 2017. Bought some coins and left there.`
Now when i access my account, its empty, and says there are no transaction history. Contacting support doesn't seems to help, they keep insisting saying there were no transaction since account creation. Of course, they deleted all my transactions, and now says i never did one..

So, please keep away from this platform. It's not reliable at all

marcos 11/22/2018

xBTCE did not credited my account

Never send money to them. I made 3000$ wiretransfer to them and they did not credited to my account. It has been 4 months!!! I e-mailed to them thousands times and sent them all my bank papers and they just simply say we did not get this money. My bank tried to revoke the payment but their bank account is distrained du to the prosecutors desicion. They simply stole my 3000$

cihan keskin 04/07/2018
de | cn | ru