Bitcoin Forum

What have you heard about this resource? https://xgo.com/
This site has the ability to trade on margin, which is very important to me. Binance has become dangerous lately, and there is very little information about xgo.

If you do not like Binance or you need alternative, there are many other reputable exchanges.

https://www.coingecko.com/en/exchanges

What is most important is to not be holding coins on exchanges. But if you need a no KYC exchange, Kucoin or OKX are good, but I prefer Kucoin.

Never heard of them before. You've been away for the forum and the first post you make is about relatively new projects with few downloads on the app store while there are dozens of alternatives on the market. It is hard to feel you're not deliberately shilling them just like your other projects. If you do want to shill it is fine, but you should be upfront about it.

If you truly want to look for more information about it, better wait until it becomes popular and has a decent amount of users before you start considering using them. At the very least, you should check out their legal information. As of now, you can at least confirm that it is a website/app published by Exechain. This company is also not popular as far as I'm aware, not sure if you can even trust their public filling information.

But Binance is not the only exchange that offers margin trading. There are lots of other reputable old exchanges offering the same service. According to the information from wayback machine, the exchange is are suggesting is not more than a year old.

Why would you opt for such a brand-new exchange with no history or reputation?

How do we believe the xgo.com web, works fairly and honestly here, usually if a web wallet or exchange that has a good Reputation, lots of visitors and is fair, can not be separated from their social media activities that look active for their users.

I tried going to Twitter xgo.com, no real response from visitors there, neither with: https://www.instagram.com/xgo_official/, this is worse 1 post and 52 followers, meaning: the xgo.com website is dead and has no visitors, this is a high risk sign of using the xgo.com website to carry out crypto activities privately or globally.

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You mentioned Binance is dangerous, but is the xgo.com web safe and harmless, I think xgo.com is more dangerous than other wallets/exchanges.

Oh, yes what is your relationship with xgo.com.
• user or team/owner....!

I saw the site being advertised on Cointelegraph for some time now (see the header next to the prices) but I just made an account now...

And what's interesting, is that the platform (XGO plus) looks very similar to Hitbtc (if we ignore the colors): Status page, deposits/withdrawal pages, settings, header, etc. are pretty much identical.

I tried to look to see if Hitbtc offers any whitelabel solutions, and found this: https://www.reddit.com/r/EN_HitBTC/comments/bye892/hitbtc_whitelable/

So I could be wrong here, but XGO might be one of their partners as well and if that's the case, I would be very careful using them. It's probably best to seek other platforms as mentioned above. There's no advantage in using them when they're not offering anything new.

They're also more involved with each other as XGO gets their liquidity from HitBTC

https://i.imgur.com/mAZlKjY.png
Source: https://www.reddit.com/r/banano/comments/w9px90/a_letter_from_xgo_to_the_banano_community/

Looks like someone did not do their due diligence or completely ignored that hitbtc's reputation is in rock bottom lol and now they have fueled people's skepticism.

Another thing, their no-kyc tier has a limit of .01BTC, you could get a better deal elsewhere.


Now that you mentioned it, I am reminded of the recent promotional like posts I've seen about XGO... plus seeing OPs post history, I find it hard to give them the benefit of the doubt but we'll see how they reply next.

Binance is dangerous?! and the XGO platform is not popular, and perhaps there are many of us, and I am one of them, who have not heard of it before. Why did you say that it is safe? Where did you get this conclusion? For me, I prefer the 100 popular exchange platforms in CMC or CG, as there are many popular exchange platforms that contain trading on the margin. I think you have chosen the XGO platform by seeing one of the advertisements about it. After I reviewed this platform, I did not find a large community of it on Twitter or Telegram, there is only one updated article about the platform on Medium, and I did not find enough articles and reviews about the XGO platform in the search engines. Me, I never take a risk on an unrated exchange platform like this.

I can't recall if I heard them before but then I'll settle that they're new to me and I think I saw them post an announcement thread this day.

It's not just them that offer margin trading, I think almost every centralized exchange does that. And if you think that Binance has become dangerous, can you state what's the reason for making you think that they are? Because even if there have been some negative news about them in some particular regions, I still have got no problem in using them.

There are no reviews yet from users on their play store.
The release is also new on October 12, 2022.

Never tried so I can't say more.
from the appearance of the web that xgo is available margin trading, spot trading, futures trading.
Does xgo.com want to be a competitor to binance so the OP says that right now binance is in danger.

The OP may be one of the ones you mentioned.

It doesn't seem like this is the case anymore. When I go to the deposit page, I'm asked to verify my identity.

This is what Standard tier limits look like:

https://i.imgur.com/PxH9eh3.png

So basically, you have to submit your ID, selfie, and proof of residence only to get 1 BTC/lifetime

And if you want to increase your limits to 30 BTC per day, you have to fill out some "questionnaire" (not sure what is it about).

I don't know about the XGO exchange it looks very foreign because just heard about it now about good margin trading capabilities I think there are still some more known exchanges that offer better than this too so I would never try unless it's a reputable one or already famous all along.

I saw the XGO announcement on bitcointalk and it looks like it's official but they just launched it yesterday.

But still, their ANN is not very interesting if you see there is no intention to promote it here.

ANN: Welcome to XGo - The Crypto Platform for Everyone (https://bitcointalk.org/index.php?topic=5448635.0)

Registered but haven't used any features yet. For me, only staking on this platform is attractive. I don't want to use the rest of the proposals yet.

I can vouch for their margin trading feature, it's one of the best in the market. And the good news is, their platform is way safer than Binance. Definitely worth considering.

Oh jeez, that's even worse! and they should remove their no-kyc tier from this article: https://support.xgo.com/hc/en-gb/articles/8840350648861-How-verification-affects-your-limits

Gotta say, it's strange to see so much restriction from a new exchange which appears to be based in seychelles/estonia. If anything, they should be able to provide laxer terms.

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Here comes the shillers lol.

Not just that.

Including OP, who just woke up to post about the mysterious exchange. Notice the similarity in their activity patterns

1. n0tailbg Woke up 4/13/2023 10:27:39 AM
2. aria.newman Woke up 4/14/2023 10:12:39 AM

Also, more shills in the other thread (https://bitcointalk.org/index.php?topic=5448635.0)

4. .cryptokiller Woke up 4/13/2023 7:34:12 AM
5.  frank07a Woke up 4/14/2023 10:02:26 AM

This clearly shows that this exchange should not be trusted at all.

How does this accusation apply to me?
I purposely come to this forum to ask for your opinion.

You are probably the part of the same group set to promote this unknown XGO exchange.


Looks more like you purposly came to promote XGO using pretty much standard marketing "technique" by asking opinion about the business you are promtoing and then using alt accounts to shill it.

But let's say for the sake of the argument that you don't have anything to do with those newbies shilling it, why woukd you use an exchange that isn't even listed on Coingecko/CMC and how did you even find out about them? Btw, being there is not a sign of legitimacy but not being listed there at all is a major red flag.

I subscribe to many telegram channels about trading and news about the world of cryptocurrency. I've noticed a lot of attention towards Xgo lately, and this event inspired me to come here and start a discussion. Everything is very simple and no conspiracy theories ;)

I've never heard of xgo.com before, if you don't greet Binance and say it's getting dangerous I don't know why you don't choose another popular exchange instead of looking for totally unknown exchanges.

Also, I do not agree with you that Binance has become dangerous, I think that Binance is now in a good position after it has settled its problems, it is possible that Binance is only dangerous in the United States.

But my advice is don't take risks with unknown exchanges.

You can't convince me this is just a coincidence  ;)

1. All the XGO talks started around the same time
2. The accounts involved all woke up around the same time
3. Three accounts promoted cryptogeek multiple times

See:

n0tailbg (OP) - https://ninjastic.space/search?author=n0tailbg&content=cryptogeek.info
frank07a - https://ninjastic.space/search?author=frank07a&content=cryptogeek.info
aria.newman - https://ninjastic.space/search?author=aria.newman&content=cryptogeek.info

Bonus: pay attention to aria.newman's post history and you'll notice this account has interacted with n0tailbg and frank07a at some point lol.

In any case, Binance is the leader, I agree with you. But nevertheless, I am sometimes frightened by all sorts of litigation towards Binance.

So they decided to change their tactics. This people continue to use shill accounts spamming different threads around the forum about how great XGO is and they thought we wouldn't notice the pattern. 3 more accounts uncovered. I believe there are more. I will work on exposing all of them soon.



https://ninjastic.space/post/62144941