In a nutshell: XXKK is an offshore crypto exchange for spot, USDT-margined futures and “TradFi” CFD-style trading. On its own fee page, spot trades cost 0.1% maker and 0.1% taker, futures cost 0.02% maker and 0.06% taker, and withdrawals carry a fixed network fee (1 USDT on TRC20, 8 USDT on ERC20, 0.0003 BTC). XXKK says spot trade history cannot be exported as a file, so there is no downloadable tax report. You have to build your own records.
Risk warning: On November 9, 2026 we found that XXKK is not on Canada’s list of authorized crypto trading platforms and has no entry on Australia’s AUSTRAC virtual asset register. In the US it lists only an anti-money-laundering registration with FinCEN. Its proof-of-reserves page shows more USDT than exists worldwide. We treat XXKK as high risk.
Last updated: November 9, 2026. Fees and register searches checked November 9, 2026.
People who search for XXKK usually already have an account and want three answers: what it costs to trade, what it costs to withdraw, and how to get a tax report. This page answers all three from XXKK’s own fee page and help center. It also checks XXKK’s licence claims against the official registers in the US, Canada and Australia. We have no affiliate deal with XXKK, and this page has no sign-up links.
Table of contents
What Is XXKK?
XXKK is a centralized crypto exchange that launched in August 2022, according to its CoinMarketCap exchange profile. That profile lists spot trading, derivatives (perpetuals, futures and stock contracts), copy trading, crypto convert and asset management. On its About page, XXKK claims more than 8 million users, 120+ markets and 280+ assets. We could not check those numbers independently.
The company behind XXKK is hard to pin down. CoinMarketCap says XXKK is registered in the United States, Canada and St. Vincent and the Grenadines and “operates in a decentralized manner while seeking to establish ideal headquarters.” Its US money services registration is held by XXKK Global LTD at a Denver, Colorado address, as listed on XXKK’s compliance page and the Elucidate register directory. Its Canadian registration is not in the XXKK name. It belongs to Starsky Global Inc., an Ottawa company (more on that below). XXKK’s help center processes withdrawals on Singapore time, and its VIP rules use UTC+8. Both suggest the operations team works from Asia.
The main products are:
- Spot: buy and sell coins against USDT.
- USDT-M futures: perpetual futures settled in USDT. XXKK’s PnL help article uses up to 125x leverage on BTCUSDT as an example.
- TradFi: leveraged contracts on assets like gold and crude oil, with a separate fee schedule.
- Copy trading and demo trading: XXKK’s help center mentions a demo balance and runs demo trading competitions. That is the closest thing it has to crypto paper trading.
Is XXKK Regulated in the US, Canada and Australia?
Short answer: not as a crypto exchange in any of the three. XXKK holds two anti-money-laundering registrations that it calls “licenses.” Neither one authorizes it to run a trading platform. XXKK’s restricted-countries list does not name the US, Canada or Australia, so accounts from those countries may be accepted. Being accepted is not the same as being authorized, and if something goes wrong you have no local protection. We checked each register on November 9, 2026.
United States
XXKK shows US Money Services Business (MSB) registration number 31000290292969, dated January 10, 2025, with FinCEN. An MSB registration only puts a business under AML rules. It is not a licence to offer trading, and FinCEN does not vet the business behind it. XXKK’s compliance page lists no registration with the CFTC, the regulator for US futures markets, and no state money transmitter licences. If you want to check any futures platform before using it, start at the CFTC registration check.
Canada
The FINTRAC MSB registry lists registration M22420435 as “Registered” (expiry October 20, 2027). The registrant is Starsky Global Inc. of Ottawa, not XXKK, and its listed services are foreign exchange, money transferring and virtual currency. FINTRAC itself says registration “does not indicate that FINTRAC endorses or licenses the business.” In Canada, crypto trading platforms also need approval from securities regulators. XXKK is not on the CSA list of crypto platforms authorized to do business with Canadians (last updated November 4, 2026). Our guide to regulated crypto exchanges in Canada lists the ones that are.
Australia
Every business offering virtual asset exchange services in Australia must register with AUSTRAC first. A search of AUSTRAC’s Virtual Asset Service Provider Register for “XXKK” and “Starsky Global” returned “No match found.” The same search for Kraken found its Australian operator. XXKK does not appear to be registered to serve Australians.
St. Vincent and the Grenadines
XXKK used to advertise a “Saint Vincent FSA License #3393,” for example in this July 2025 press release. On April 29, 2026, the St. Vincent and the Grenadines Financial Services Authority issued a public warning saying that “NO entity is registered, licensed, or authorised by the FSA to operate as a VASP,” and that any claim of such a licence is “FALSE and MISLEADING.” That warning does not name XXKK. XXKK’s current compliance page lists only the US and Canadian registrations.
XXKK Trading Fees: Spot vs Futures
XXKK charges different rates for spot and futures, so check which market you are using. Spot uses one flat rate for makers and takers. USDT-M futures charge makers less than takers. Our guide to how crypto exchange fees work explains maker and taker orders if the terms are new.
Fees checked on November 9, 2026 (source: XXKK fee overview).
| Market | Maker fee | Taker fee | Notes |
|---|---|---|---|
| Spot (all pairs) | 0.1% | 0.1% | No fee on unfilled or canceled orders |
| USDT-M futures (all pairs) | 0.02% | 0.06% | Charged on opening and again on closing |
| TradFi contracts | 0.04% to 0.08% of margin x leverage | Same | Plus 0.008% deferred (overnight) fee |
| Spot convert to USDT | Free | Free | Per XXKK’s fee collection article |
Spot trading fees
XXKK’s spot fee is 0.1% of the executed amount, whether your order adds liquidity or takes it. Buying $1,000 of BTC therefore costs about $1 in fees. You pay the fee in the asset you receive, so a BTC buy is charged in BTC and a sale is charged in USDT, per XXKK’s spot fee calculation. Some XXKK blog posts and outside reviews say spot and futures cost the same 0.1%. The official fee page we checked shows a lower rate for futures.
Futures trading fees
For USDT-M perpetuals, makers pay 0.02% and takers pay 0.06% of position value, according to the USDT-M fee calculation. The fee is charged on the full leveraged size, not your margin. It is charged twice: once when you open and once when you close. Example: you open a $10,000 BTC position (for instance $1,000 of margin at 10x) with a market order and close it with another market order. You pay about $6 to open and $6 to close, $12 in total, before funding.
Funding rate on XXKK
Funding is separate from trading fees. XXKK says its perpetual contracts settle funding every 8 hours, at 08:00, 16:00 and 00:00 Singapore time (00:00, 08:00 and 16:00 UTC). Only positions open at settlement pay or receive it. XXKK also says funding passes between users and the platform takes no cut (XXKK funding article). When the funding rate is positive, longs pay shorts. When it is negative, shorts pay longs.
VIP discounts
XXKK’s VIP page says VIP 1 and above get “up to 50% off Futures trading fees.” Further down, the same page promises “up to 60% trading fee discount.” The page invites users to “Deposit $50K” to become a VIP but does not publish a full tier table. XXKK recalculates VIP levels daily from 30-day perpetual volume and asset balance. Your own fee rate appears in the top-right corner of each trading pair page.
XXKK Withdrawal Fees and Limits
XXKK charges no deposit fee. Each withdrawal has a fixed fee that XXKK says follows network costs and “may fluctuate… without prior notice.” Always read the final fee on the withdrawal screen.
Fees checked on November 9, 2026 (source: XXKK fee overview).
| Coin | Network | Deposit fee | Minimum withdrawal | Withdrawal fee |
|---|---|---|---|---|
| USDT | TRC20 (Tron) | 0 | 10 USDT | 1 USDT |
| USDT | ERC20 (Ethereum) | 0 | 55 USDT | 8 USDT |
| BTC | Bitcoin | 0 | 0.003 BTC | 0.0003 BTC |
| ETH | ERC20 (Ethereum) | 0 | 0.015 ETH | 0.0028 ETH |
| TRX | Tron (TRC20) | 0 | 100 TRX | 1 TRX |
To compare: 8 USDT on a 55 USDT ERC20 withdrawal is about 14.5% of the amount. For small sums, TRC20 is much cheaper, as long as the receiving wallet or exchange supports USDT on Tron. A coin sent on the wrong network can be lost for good, and XXKK says it cannot recover it.
How long withdrawals take: XXKK’s withdrawal guide says withdrawals are processed daily between 09:00 and 22:00 Singapore time. That is 01:00 to 14:00 UTC, or roughly 8 p.m. to 9 a.m. Eastern time in November. A request made outside those hours waits for the next window. After processing, the transfer still needs blockchain confirmations. XXKK’s withdrawals FAQ suggests contacting support if a withdrawal has not been processed within 1 hour. Changing sensitive security settings locks withdrawals for 24 hours.
Daily limits: without KYC, the FAQ lists 20,000 USDT, 1 BTC, 27 ETH and 100,000 TRX a day. With advanced KYC, the limits are 200,000 USDT and 2 BTC (ETH and TRX stay the same). XXKK may also ask for KYC before a withdrawal if its risk controls are triggered. If you plan to hold coins for a while, it is safer to move crypto to a cold wallet you control than to leave them on any offshore exchange.
How to Get Your XXKK Tax Report
XXKK does not offer a tax report. Its Spot Trading History help article says: “Currently, trading reports cannot be exported as files.” You can see Historical Orders and Historical Trades for the last 3 months, and you can query at most 1 year back. Older trades may become unavailable, so save your records regularly, not just at tax time. XXKK’s User Agreement also says you are responsible for “reporting trading profits for tax purposes.”
Step by step: build your own XXKK records
- Spot trades: on the spot trading page, open “Trade History” (bottom left) and select Historical Trades. For each fill, write down the date, pair, side, price, quantity and fee, or take full-page screenshots month by month.
- Futures trades: in USDT-M, open the order and position history. Record realized PnL, trading fees and funding payments for each closed position.
- Deposits and withdrawals: go to Wallet, open the balance statement and filter by deposit or withdrawal. Keep each TXID so you can match it on a block explorer.
- Build a spreadsheet: use the generic CSV template from your crypto tax software (most tools offer a manual or “custom” import), and enter one row per trade, fee and transfer.
- Match transfers: tag moves between XXKK and your other wallets as transfers, not sales, so the software does not count them as taxable sales.
- Keep the evidence: store the screenshots with your tax papers in case the tax office asks.
US tax notes (IRS)
In the US, selling crypto, swapping one coin for another or paying with crypto is a taxable disposal, and you report gains and losses on Form 8949, per the IRS digital assets page. Since XXKK is offshore and not a US broker, do not expect it to send you a Form 1099-DA. You still have to report the trades yourself. See our guides on do you pay tax when you sell crypto and crypto capital gains tax.
Canada tax notes (CRA)
In Canada, the CRA expects you to keep records of each crypto transaction, including the date, value in Canadian dollars, and what you received, and to report gains as capital gains or business income depending on your activity (CRA crypto guide). Convert each XXKK trade to CAD using a reasonable exchange rate on the trade date. Our guide to crypto tax in Canada covers the details.
Australia tax notes (ATO)
In Australia, the ATO says you must keep records of every crypto transaction, including dates, AUD values and what the trade was for, and work out capital gains tax on each disposal (ATO crypto CGT guide). If XXKK only shows a year of history, save it at least every few months.
Is XXKK Safe?
We would not keep meaningful funds on XXKK. We found no public report of an XXKK hack. The problems are with transparency and regulation:
- The proof of reserves doesn’t add up. On November 9, 2026 XXKK’s Proof of Reserves page showed total reserves of $2.53 trillion, including $2.53 trillion in USDT, against a customer net balance of $59.54K. All the USDT in existence was worth about $176.9 billion that day, per CoinGecko. XXKK’s figure is about 14 times that. The page also says “Latest snapshot: June 1, 2026” in one place and shows a November 9 snapshot in another, and it names no outside auditor. A real proof of reserves is checked by an independent accountant, as Kraken describes for its own Proof of Reserves reviews.
- The same page lists total customer balances of $59.54K, even though XXKK claims more than 8 million users, and it shows two different snapshot dates (archived copy).
- No exchange licence where our readers live. See the register checks above: FinCEN and FINTRAC registrations only, not on the CSA list, not on the AUSTRAC register, and an St. Vincent licence claim that the regulator says no crypto firm holds.
- The business names don’t match. The Canadian registration belongs to Starsky Global Inc., not XXKK.
- Futures losses can be shared. XXKK’s Risk Reserve Fund article says that if the insurance fund cannot cover a liquidation shortfall, the loss is handled by auto-deleveraging “and shared by the platform users.”
- Limited withdrawal hours. Withdrawals are processed only 13 hours a day, Singapore time.
On the plus side, XXKK offers KYC with higher limits, withdrawal address management, a 24-hour withdrawal lock after security changes, and written anti-phishing guidance. Those are basic features, though, and they cannot make up for missing oversight. History shows how badly offshore exchanges can fail. See our list of failed crypto exchanges. If you use XXKK at all, turn on two-factor authentication, keep only trading money on it, and move the rest to self-custody.
A warning sign: if someone you met on WhatsApp, Telegram or a dating app told you to use XXKK, or you are being asked to pay a “tax” or “unlock fee” before you can withdraw, stop sending money. Report it to the FTC (US), the Canadian Anti-Fraud Centre or Scamwatch (Australia).
XXKK vs Other Exchanges
Kraken fees checked November 9, 2026. Kraken app fees come from its fee schedule, and Kraken Pro fees from its Kraken Pro fee page. Registers were also checked on November 9, 2026. Coinbase uses tiered maker and taker fees on Coinbase Advanced and shows your rate after you sign in (Coinbase Advanced fees).
| XXKK | Kraken | Coinbase | |
|---|---|---|---|
| Spot fee | 0.1% maker / 0.1% taker | App: 1% on instant buy/sell (1.5% on custom orders). Kraken Pro: 0.40% maker / 0.80% taker at the lowest tier | Tiered maker/taker on Advanced |
| Perpetual futures fee | 0.02% maker / 0.06% taker | App: 0.25% to open, 0.25% to close. Kraken Pro: 0.02% maker / 0.05% taker | Offers CFTC-regulated perpetual-style futures in the US |
| Canada: on CSA authorized list | No (FINTRAC MSB only, as Starsky Global Inc.) | Yes (Payward Canada Inc.) | Yes (Coinbase Canada Inc.) |
| Australia: on AUSTRAC VASP register | No match | Yes (Bit Trade Pty Ltd) | Yes |
| US oversight | FinCEN MSB only | US company (Payward, Inc.) | US-listed public company |
| Tax report export | None (no file export) | CSV tax reports and IRS forms | Tax documents and reports |
XXKK’s spot fee is lower than Kraken’s, but its futures fees are about the same as Kraken Pro’s. A cheap fee is worth little if you cannot get your money out, and there is no local regulator to complain to.
XXKK FAQ
Is XXKK legit and safe?
XXKK is a working exchange, but we rate it high risk. It holds only anti-money-laundering registrations (FinCEN in the US, FINTRAC in Canada under the name Starsky Global Inc.). It is not on Canada’s CSA list of authorized crypto platforms or Australia’s AUSTRAC register, and its proof-of-reserves page showed about $2.53 trillion in USDT on November 9, 2026, more than all the USDT in existence.
Is XXKK available in the US, Canada and Australia?
XXKK’s restricted-country list does not include the US, Canada or Australia, so it may accept accounts from them. It is not authorized as a crypto trading platform in any of the three, so local investor protections would not apply.
What are XXKK futures trading fees?
On XXKK’s fee page (checked November 9, 2026), USDT-M futures cost 0.02% for makers and 0.06% for takers on all pairs, charged on the full position size when you open and again when you close. Funding is separate and settles every 8 hours.
What are XXKK spot trading fees?
XXKK spot trading costs 0.1% maker and 0.1% taker on all spot pairs, per its fee page checked November 9, 2026. VIP users can get discounts.
What is the XXKK withdrawal fee for USDT?
As of November 9, 2026, withdrawing USDT costs 1 USDT on TRC20 (minimum 10 USDT) or 8 USDT on ERC20 (minimum 55 USDT). BTC costs 0.0003 BTC and ETH 0.0028 ETH. Deposits are free.
Can I download a tax report from XXKK?
No. XXKK’s help center says trading reports cannot currently be exported as files, and only up to 1 year of history can be viewed. Save your trade, funding and withdrawal history yourself and enter it into crypto tax software using a manual CSV template.
Sources
- XXKK: Fee overview (deposit, withdrawal, spot, USDT-M, TradFi), checked Nov 9, 2026
- XXKK: VIP services
- XXKK: Compliance and restricted countries
- XXKK: Proof of reserves page, viewed Nov 9, 2026
- XXKK: Proof of reserves page, archived Nov 9, 2026
- XXKK Help: Spot trading history (no file export)
- XXKK Help: USDT-M fee calculation
- XXKK Help: Impact of funding fees (8-hour settlement)
- XXKK Help: How to withdraw crypto (processing hours)
- XXKK Help: Withdrawals FAQ (limits)
- XXKK Help: Risk reserve fund
- CoinMarketCap: XXKK exchange profile
- FINTRAC: Money services business registry (M22420435), searched Nov 9, 2026
- CSA: Crypto platforms authorized to do business with Canadians (updated Nov 4, 2026)
- AUSTRAC: Virtual Asset Service Provider Register, searched Nov 9, 2026
- SVG FSA: Public warning on unauthorised VASPs (Apr 29, 2026)
- CFTC: Check registration
- CoinGecko: Tether (USDT) market cap
- Kraken: Fee schedule
- Kraken Pro: Fees
- IRS: Digital assets
- CRA: Income from crypto-asset transactions
- ATO: How to work out and report CGT on crypto
- Elucidate: XXKK Global LTD register profile
This article is for education only and is not financial, legal or tax advice. We have no relationship with XXKK. Fees, limits and registrations change, so check the official pages and registers before you act.
