How it works, in plain language.

An exchange lets you swap one asset for another. On Xoric every market is quoted in USDT, a token designed to track one US dollar. To buy Bitcoin you pay USDT, and to sell it you receive USDT.

Your balance is a record of what you hold on the platform. Deposits add to it and withdrawals send it to an address you control.

USDT is a stablecoin: a token that aims to stay at one US dollar. Using it as the common quote means every price reads as a dollar value, and a swap between two coins routes through it.

A stablecoin is not risk-free. It can lose its peg, and the issuer is a counterparty.

A market order fills right away at the best price on offer: the best ask when you buy, the best bid when you sell. A limit order sets your price. It waits until the market reaches it, and may never fill.

Use a market order when speed matters more than price, and a limit order when price matters more than speed.

The bid is the highest price a buyer will pay now. The ask is the lowest price a seller will accept. The gap between them is the spread, and it is a real cost: a market buy and an immediate sell loses roughly the spread plus fees.

Trading costs 0.1% of each fill by default. Swaps cost 0.2%. Withdrawals carry a network fee that depends on the coin and chain, shown before you confirm.

Fees are small per trade and add up when you trade often. A bot that makes many small trades pays them each time.

A swap converts any coin to any other through USDT. The rate is the bid of the coin you give divided by the ask of the coin you get, minus the swap fee. The quote is held for 10 seconds, can be used once, and refreshes if you wait.

Prices come from an external market feed. If it stops updating for 20 seconds, trading and swaps pause with a banner so nobody trades on stale prices. They resume on their own when prices return.

You choose a price range and a number of levels. The bot keeps a buy order under the current price and a sell order over it. When a buy fills, it places a sell one level up, and when a sell fills it places a buy one level down.

It earns the gap between levels, minus fees, each time the price crosses them. It works best when the price moves sideways inside the range.

Below the range, the bot holds coins that are worth less than it paid, and waits. Above the range, it has sold everything and sits in cash while the price keeps rising. A stop-loss below the range sells and ends the bot, which caps the loss and makes it final.

A recurring buy spends a fixed amount on a schedule, so you buy more coins when the price is low and fewer when it is high. It removes the need to pick a moment. It does not prevent losses if the price keeps falling.

You own units, and the unit price (NAV) moves as the desk’s trades are published. Your gain or loss is the change in NAV times your units, after the performance fee on winning trades.

New money joins immediately at the last published NAV, so you share in open trades that are not published yet, good or bad.

The same coin can exist on several networks, and each has its own address format. USDT on one network is not the same as USDT on another. Sending to the wrong network can lose the funds permanently. Pick the network on the deposit page first, then copy that address.

Some networks share one deposit address between customers and use a memo or tag to tell them apart. If the deposit page shows a memo, you must include it. Leaving it out can delay or prevent crediting.

Deposits are confirmed on the network, then credited. Withdrawals start as pending review and the funds are held. You can cancel while pending. Rejected withdrawals show a reason.

Xoric staff will never ask for your password, and support chat only happens after you sign in. Be wary of anyone promising a guaranteed return, asking you to send funds to a "verification" address, or pressing you to act fast. Check the address in your browser bar before you log in.