XBrick cryptocurrency exchange review

XBrick Cryptocurrency Exchange

• Buy/sell 20+ cryptocurrencies
• 0.05-0.1% trading fees
• Discounted fees for VIP members
• Mobile trading apps

A beginner’s guide to the XBrick global cryptocurrency exchange, including its features and fees.

Founded in 2017, XBrick is a global cryptocurrency exchange that allows crypto enthusiasts to buy and sell more than 10 digital currencies.

Based in Sydney and owned by blockchain technology company X Blockchain Pty Ltd, XBrick aims to offer fast and convenient access to bitcoin (BTC), Ether (ETH) and several other cryptocurrencies.

What is XBrick?

XBrick is an Australian cryptocurrency exchange that allows users to buy and sell digital currencies.

It offers 24/7 trading access through distributed cluster servers, bank-grade SSL encryption, and a platform engine that employs memory matching to process over two million orders per second. XBrick also claims to partition cold wallets from hot wallets to provide added security for user funds.

One of its unique offerings is its points system, which allows users to earn points for completing specific tasks, such as verifying their account details or logging into their account. The more points you earn, the lower the fees that apply to your account.

Which cryptocurrencies can I buy/sell?

At the time of writing (21/02/18), XBrick allows you to trade a wide range of cryptocurrencies, including:

Available countries

XBrick is a global exchange that offers its services to users in countries around the world, including Australia.

Which payment methods are accepted?

You can deposit funds into your XBrick account using the following cryptocurrencies:

• BTC
• ETH
• BITCNY
• USDT

To make a deposit, log in to your XBrick account and click on the “Assets” navigation header. Click on “Deposit”, select your desired cryptocurrency and click "Deposit" on its right under the "Action" column. It’s then a matter of following the provided instructions to copy the relevant wallet address.

The time it will take for your funds to arrive varies according to the network confirmation time of each available cryptocurrency.

XBrick account levels

As you can see in the table below, XBrick offers six account tiers based on the number of points you have earned.

Points are earned by performing a range of tasks, as outlined in the next table.

How much will it cost me to use XBrick?

When you place a trade on XBrick, maker and taker fees apply. While the maker fee always remains the same, taker fees vary based on your account level – the higher your account level, the lower the fees.

For example, the table below shows how fees differ when trading mBTC against ETH.

However, no deposit or withdrawal fees apply at the time of writing.

Are there any transfer limits?

There are no transfer limits listed on the XBrick website, but you may wish to contact XBrick directly to find out whether any limits apply to your account.

Is it safe to use XBrick?

Before you’re allowed to deposit funds and start trading on XBrick, you’ll need to set up two-factor authentication on your account and provide your name, address and date of birth. XBrick also claims to use bank-standard security measures to protect the security of user information, such as SSL encryption.

However, as this is a new exchange, there is little information available online from other account holders about their experiences with the safety and security of this platform.

Customer support

If you have a problem with or question about your XBrick account, you can submit a support ticket online. There’s also a handful of answers to frequently asked questions in the support centre, plus a support email address.

However, at the time of writing, neither phone or live chat support are offered.

Pros and cons