Xcalibra

Xcalibra Review

What is Xcalibra?

Xcalibra is a cryptocurrency exchange that launched in August 2019. This platform supports trading in a quite limited number of cryptos: BTC, ETH, SFX, SFT and RSD. 

Secure and Simple

The platform seems to focus on security and simplicity, and emphasizes that it enables you to purchase Bitcoin and Ethereum in a very speedy manner (you can buy with VISA and/or MasterCard).

Xcalibra Advantages

Different exchanges highlight different things as reasons to why a trader should pick just them. Xcalibra picks six things in particular. Out of the six things listed in the below picture, we feel that reliable support and first grade security are the most important factors to all traders. Selective asset listings are more important to newbies than experienced traders, seeing as experienced traders should research themselves which cryptocurrencies to buy. The speed and trading bot friendliness are of course helpful, but will only be of crucial importance to a small minority of all prospective traders.

US-investors

Why do so many exchanges not allow US citizens to open accounts with them? The answer has only three letters. S, E and C (the Securities Exchange Commission). The reason the SEC seems scary is that the US does not allow foreign companies to solicit US investors unless those foreign companies are also registered in the US (with the SEC). If foreign companies solicit US investors anyway, the SEC can sue them. There are many examples of when the SEC has sued crypto exchanges, one of which being when they sued EtherDelta for operating an unregistered exchange. Another example was when they sued Bitfinex and claimed that the stablecoin Tether (USDT) was misleading investors. More cases will likely follow.

To our understanding, US-investors are permitted to trade here. In any event, we urge any US investors to form their own opinion on the permissibility of their trading at Xcalibra. Specific state laws can be an issue here, even if the exchange itself welcomes your trading.

Xcalibra Trading View

Every trading platform has a trading view. The trading view is the part of the exchange’s website where you can see the price chart of a certain cryptocurrency and what its current price is. There are normally also buy and sell boxes, where you can place orders concerning the relevant crypto, and, at most platforms, you will also be able to see the order history (i.e., previous transactions involving the relevant crypto). Everything in the same view on your desktop. There are of course also variations to what we have now described. This is the trading view at Xcalibra:

It is up to you – and only you – to decide if the above trading view is suitable for you. Finally, there are usually many different ways in which you can change the settings to tailor the trading view after your very own preferences.

Xcalibra Fees

Xcalibra Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.

Xcalibra charges what we call flat fees, meaning that both the takers and the makers pay the same fee: 0.25%. These taker fees are somewhat above the global industry averages for centralized exchanges. Sure, industry averages have historically been around 0.20-0.25% but we now see new industry averages emerging around 0.10%-0.15%.

Xcalibra Withdrawal fees

What about withdrawal fees then? Withdrawal fees vary dependent upon which crypto asset you are withdrawing, but they are normally a fixed amout of the relevant crypto asset, and not percentage based as the trading fees. The industry average BTC-withdrawal fee is 0.00064 BTC according to Cryptowisser.com's empirical studies.

Xcalibra charges 0.00055 BTC per BTC-withdrawal. This withdrawal fee is quite in line with the global industry average.  

Deposit Methods

Xcalibra lets you deposit cryptocurrency assets to the exchange, which is quite standard. However, they also let you purchase and sell crypto via debit and credit cards. Wire transfer, on the other hand, are not an accepted deposit method at this platform.

Seeing as fiat currency deposits are at all possible at this trading platform, Xcalibra qualifies as an “entry-level exchange”, meaning an exchange where new crypto investors can start their journey into the exciting crypto world.

Use our Exchange Filters to easily see which platforms that allow wire transfer deposits as well.