How to Buy Altcoins on XBO: Step-by-Step Guide

Table of Contents

• What You Need to Buy Altcoins
• Which Altcoins Are Available on XBO
• What to Check Before Buying an Altcoin
• Registering and Verifying Your XBO Account
• Comparison: Three Ways to Buy Altcoins on XBO
• Three Ways to Buy Altcoins on XBO
• What to Do After Buying Altcoins
• Check Fees, Limits, and Order Details Before Confirming
• Payment Methods
• Fees by Currency
• Processing Times
• Important Notes on Regions and Account Currency
• Where to Buy Altcoins Safely
• Do You Need a Wallet to Buy Altcoins?
• Common Mistakes When Buying Altcoins
• Buying Altcoins on XBO
• FAQs About Buying Altcoins

What You Need to Buy Altcoins

Before buying altcoins on any platform, you will need:

• An account on the XBO crypto exchange - the place where you place orders, hold funds, and manage your assets.
• Identity verification. Verification requirements vary by region, payment method, and transaction type.
• A payment method - a bank card, a digital wallet such as Apple Pay or Google Pay, a bank transfer, or crypto you already hold.
• A basic understanding of fees - card purchases, conversions, and spot trading can each have different cost structures.
• A place to store your altcoin - a wallet within the platform or an external wallet.

Exact requirements may vary depending on your region, the payment method you choose, and the purchase amount.

Which Altcoins Are Available on XBO

On XBO, you can find many altcoins through the asset list search - for example, ETH, SOL, XRP, ADA, DOGE, AVAX, LINK, LTC, and DOT. The current list of available assets, as well as the purchase methods available for each of them, should always be checked directly on the XBO platform.

What to Check Before Buying an Altcoin

XBO gives access to altcoins but does not recommend specific assets. Before choosing an altcoin, it’s worth checking:

• Project purpose. What problem the token or network solves and whether it is used in practice.
• Liquidity and trading volume. For less liquid assets, the spread may be wider, and large orders may be filled at a less favorable price.
• Token supply and distribution. Total and circulating supply, as well as the token unlock schedule, if there is one.
• Team, documentation, and project history. Publicly available information about the developers, technical documentation (whitepaper), and development activity.
• Supported networks. Which networks the token is available on and what withdrawal fees apply on each of them.
• Volatility. An altcoin’s price can change significantly over a short period of time.

This information is educational and is not a recommendation to buy any specific asset.

Registering and Verifying Your XBO Account

Before you can buy an altcoin, you need to register and verify your account. XBO uses a tiered verification system - Occasional, Basic, and Pro - and each level unlocks access to different account functions.

• Occasional - the entry level. Completed by confirming your email address, phone number, first and last name, date of birth.
• Basic - requires providing your residential address, identity document and selfie. This level unlocks higher limits for fiat transactions.
• Pro - requires uploading a residential document and financial source-of-funds information. Pro level grants access to all platform functions, including unrestricted fiat deposits and withdrawals.

Verification is required to meet anti-money laundering (AML) and know-your-customer (KYC) requirements that apply to regulated crypto platforms. On XBO, these checks are handled through identity verification partners and screening systems.

In addition to verification, XBO protects accounts with two-factor authentication and requires a one-time SMS code to confirm withdrawals. Asset custody is backed by infrastructure from providers such as Fireblocks and Ledger, with CCSS Level 3, SOC 2, and SSL standards applied across the platform.

Comparison: Three Ways to Buy Altcoins on XBO

Three Ways to Buy Altcoins on XBO

Once your account is set up, there are three main ways to get an altcoin on the platform, depending on how you want to pay and how much control you want over the purchase price.

1. Buy an Altcoin Directly With a Card

This is the simplest route, especially for beginners.

1. Go to the XBO platform and, on the Home tab, search for the altcoin you want - for example, enter SOL or XRP - and select it from the asset list.
2. Click the Buy with card button - it is usually located in the top corner of the asset window.

3. Choose the currency you want to pay with.
4. Confirm the amount and select your payment method - this can be Google Pay, Apple Pay, or your card details directly.
5. Review the order details and confirm the purchase.

Buying with a card is built for speed: you choose the amount and payment method, and the trade executes at the best available price. The card purchase process on XBO is also shown in this video walkthrough. The availability of purchase methods may vary by asset and region - the options available for your chosen altcoin are shown on the platform.

2. Convert Existing Crypto Into an Altcoin

If you already hold other cryptocurrencies on XBO, you don’t need to sell them for fiat first. The Convert tab lets you exchange any supported token you’re holding directly into the altcoin of your choice at the quoted conversion rate, in a single step. This is convenient if you want to move your existing tokens into an altcoin without going through a card or bank transaction. Always review the final amount before confirming the conversion. This method of buying altcoins is also shown in this video walkthrough.

3. Buy an Altcoin on the Spot Trading Terminal

For users who want more control over the purchase price, the Trade section offers a spot trading terminal.

1. Open the Trade tab and select Spot.
2. Choose the trading pair for the altcoin you want.
3. Choose the order type: a market order executes immediately at the best available price, while a limit order lets you set the exact price you’re willing to pay, if there is enough liquidity in the market to fill your order.
4. If using a limit order, enter your price. Then enter either the amount you want to spend or the amount of the altcoin you want to receive.
5. Click Buy to place the order.

For less liquid altcoins, a market order may be filled at a price that differs from the last displayed price - this is worth keeping in mind when choosing an order type.

XBO’s loyalty tier program has five tiers - Silver, Gold, Platinum, Diamond, and Black Diamond - unlocked either by holding a minimum amount of XBO tokens or by reaching an XP threshold. Spot trading maker/taker fees decrease as you move up the tiers:

Higher tiers also unlock additional benefits, such as conversion cashback and free monthly withdrawals.

Whichever method you choose, the altcoin you buy will appear in the Wallet tab as soon as the transaction is complete. After any purchase, it’s worth checking your wallet balance to confirm the trade went through as expected.

Maker/taker fees depend on your loyalty tier and may be updated. Check the current rates for your account on the platform before placing an order.

What to Do After Buying Altcoins

Once your purchase is complete, you have several options for what to do with your altcoin next:

• Hold. Many users simply keep their purchased assets in their account.
• Transfer to a wallet. You can transfer the altcoin to an external wallet for self-custody. When withdrawing, choose a network that is compatible with the receiving wallet - otherwise, your funds may be lost.
• Exchange or sell later. You can exchange the altcoin for fiat or another cryptocurrency at any time, at the current quoted rate.
• Trade on spot markets. The altcoin you’ve purchased can be used for active spot trading if you want to manage your position more flexibly.
• Use other platform tools. For example, convert it into other assets via the Convert tab, or move it between your wallet and trading account as needed.

Check Fees, Limits, and Order Details Before Confirming

Before completing any purchase, it’s worth checking:

• The exchange rate currently on offer
• Platform and payment method fees - card purchases, conversions, and spot trades may be priced differently
• Any spread between the bid and ask price
• Purchase limits, which depend on your verification level
• The final amount of the altcoin you will actually receive after fees

Payment Methods

XBO supports the following payment methods for deposits and withdrawals:

• Credit/debit card
• Bank transfer
• Cryptocurrency (transfers from your own wallet)
• Web3 wallet (MetaMask, Trust Wallet, and others)

Fees by Currency

Deposits

Crypto - 0%

Fiat

Fiat currency options are provided at the discretion of the banking institutions and are subject to their risk appetite.

Withdrawals

Crypto - current fees for each crypto asset and minimum withdrawal amounts can be viewed in the Support Hub.

Fiat

Deposit fees depend on the payment method, currency, and banking partner, and may differ by region. Fiat options are provided at the discretion of the banking institutions, and terms may be updated, so check the current details on the platform before you deposit.

Processing Times

If the first fiat deposit is split with a card, the withdrawal (crypto and fiat) will be blocked for 72 hours (anti-fraud).

Important Notes on Regions and Account Currency

• Account currency is USD only (cannot currently be changed).
• Geographic restrictions apply: XBO states it does not actively offer services to residents of certain jurisdictions, including but not limited to the United States, United Kingdom, Iran, Russia, occupied territories.

Where to Buy Altcoins Safely

Not all platforms approach security the same way, so it’s worth paying attention to the following:

• Two-factor authentication for account access, beyond a simple password
• Withdrawal confirmation, such as an SMS code, before funds can leave the account
• Cold storage or institutional-grade custody for the majority of client funds
• Transparent verification and AML/KYC compliance processes
• Clear fee disclosure before you confirm a trade

XBO applies these principles across the platform, using infrastructure from established security providers. That said, no platform can eliminate the market risks associated with altcoins - such as high price volatility, limited liquidity of individual tokens, and risks specific to a particular project. Evaluating security features protects your account, not these risks.

XBO secures user accounts with two-factor authentication, using SMS in addition to login credentials, and requires a one-time SMS verification code for every withdrawal. Asset custody is backed by infrastructure from providers such as Fireblocks and Ledger, while identity verification is handled through Sumsub, and platform infrastructure is protected by Cloudflare. Across the platform, XBO applies CCSS Level 3, SOC 2, PCI DSS, and SSL security standards.

Do You Need a Wallet to Buy Altcoins?

Not necessarily, at least not right away. When you buy an altcoin on XBO, it is held in your XBO wallet by default - there’s nothing separate to set up to complete a purchase.

Common Mistakes When Buying Altcoins

• Not checking fees before confirming. The cost of buying by card, converting, or spot trading can differ.
• Skipping verification early on. Higher verification levels unlock higher limits and full access to fiat transactions.
• Using weak account security. Always enable two-factor authentication.
• Confusing buying with trading. Buying is a one-time transaction at the best available price; trading involves actively managing positions and gives you greater order control.
• Ignoring purchase limits. These are tied to your verification level and can affect how much you can buy in a single transaction.
• Buying without understanding volatility and liquidity. An altcoin’s price can change significantly over a short period of time, and for less liquid assets, trades may be filled at a less favorable price.
• Choosing an altcoin without researching the project. Decisions based only on hype or social media tips, without checking the project’s purpose, tokenomics, and liquidity, increase the risk of unexpected losses.

Buying Altcoins on XBO

XBO gives users access to altcoins and other crypto markets through a single platform that covers buying, converting, and trading. Before buying, it’s worth reviewing the available payment methods, your current verification level, applicable fees, and your account’s security settings.

Depending on your goals, you can:

• Buy an altcoin directly with a card for a quick, one-time purchase
• Convert crypto you already hold into an altcoin without touching fiat
• Use the spot trading terminal if you want to set your own price with a limit order

Move from buying to spot trading later, once you’re comfortable with how orders work.

FAQs About Buying Altcoins

What is the easiest way to buy an altcoin on XBO?

Buying directly with a card is usually the easiest option: search for the altcoin you want, click “Buy with card,” choose a payment method, and confirm the order.

Can I buy an altcoin with a credit card?

Yes. XBO supports Visa and Mastercard, as well as Apple Pay and Google Pay, for direct card purchases. The payment methods available for a specific asset are shown on the platform.

Do I need verification to buy altcoins?

Yes. At minimum, you need to complete the Occasional verification level (email and phone confirmation, personal information and date of birth) before transacting. Higher levels unlock higher limits.

Do I need a separate wallet to buy altcoins?

No. The altcoin is automatically held in your XBO wallet after purchase. You can transfer it to an external wallet later if you choose.

What fees should I check before buying altcoins?

Check the platform fee, the payment method fee, the exchange rate or spread, and - for spot orders - whether you’re paying a maker or taker fee.

What is the difference between buying and trading altcoins?

Buying is a simplified direct purchase at the quoted price, while trading involves choosing an order type, setting a price, and managing positions over time.

Can I convert other crypto into an altcoin instead of buying with fiat?

Yes. The Convert tab lets you exchange crypto you already hold on XBO directly into the altcoin of your choice at the quoted conversion rate. Always review the final amount before confirming the conversion.

How are altcoins different from Bitcoin?

Altcoins are all cryptocurrencies other than Bitcoin. Many of them have their own networks, smart contracts, or other functions, and their levels of liquidity and volatility can differ significantly from token to token.

Sources

Verification: https://www.xbo.com/en/support-verification

Fees: https://www.xbo.com/en/support-buying-and-selling-crypto/what-are-the-trading-fees

Deposits & Withdrawals: https://www.xbo.com/en/support-deposits-and-withdrawals

Security: https://www.xbo.com/en/security

Loyalty tier: https://www.xbo.com/en/loyalty-program

Spot trading: https://www.xbo.com/en/spot-trading

Buying (Buy Crypto): https://www.xbo.com/en/buy-crypto

Video walkthrough (card purchase): https://www.xbo.com/platform/assets/buy_crypto_desk_1080x810.DAuE7ehV.mp4

Video walkthrough (conversion): https://www.xbo.com/platform/assets/education-conversion-desktop.DckzP3oM.mp4

Disclaimer

Altcoins and other crypto assets can be volatile, and the liquidity of individual tokens can be limited. Users should understand the risks, review fees and limits, and make informed decisions before buying. This article is for general educational purposes and does not constitute financial or investment advice.

Fees, limits, and payment method terms may differ by region, payment method, and account, and may change over time.