Xcoin Review: Things to Know before using Xcoin in 2018

Xcoin Review: The Crypto explosion has just started and people are going loopy to buy some cryptocurrencies.

Formerly, people knew only about Bitcoin but with cryptocurrencies entering the limelight, they’re aware of other cryptocurrencies like Ethereum, Litecoin, Ripple and so forth.

With the growing call for cryptocurrencies, many new exchanges have spread out to facilitate the want.

The real objective is to discover the relied way to buy cryptocurrency.

Now not only this, but you must have some regular queries thriving in your mind. This must have included:

  • Which is the reliable exchange platform?
  • Which platform is easy to use?
  • Are they legitimate to apply for?
  • What are the services to be had to customers? and so forth.

And I’m pretty positive that in case you are analyzing you then must have been looking for the solutions to these questions. Right?

So, its time to bid a bye for all of your issues of reading trade platform due to the fact coinscage is here, with a view to help you on your way of choice making.

Remember, I have already discussed BitPanda, Cex.io, Coinmama in my earlier posts which are also the exchange platform that gives you the facility to buy, sell, or trade your Bitcoins via cash deposit, credit card and so on.

So, today I am going to give you a detailed review of Xcoins which is also a platform for cryptocurrencies exchange.

Now without any further ado, let us get started.

What is Xcoins?


Xcoins is a website which allows users to instantly buy bitcoin with fiat currency i.e. Credit Card and Paypal. It also acts as a peer-to-peer Bitcoin lending platform where borrower and lender connect through a series of “Secured Loans“.

Now before we move ahead let me clear your understanding of what is Secured Loans?

A secured mortgage is a loan in which the borrower pledges something as collateral for the loan, an example of a home mortgage is a loan or an automobile loan. In this case, the borrower gives to the lender an amount of money to hold as collateral for the mortgage he or she gets in bitcoin.

Here you can easily lend your bitcoin by setting your own interest rates and on the other hand, the borrower can get the money back if they no longer want the bitcoin.

It was started on August 5, 2016 and is based in Santa Monica, California, the United States.

How does it work?

At Xcoins, any consumer may be a borrower or a lender. When a borrower sends requests for bitcoin loan, the platform fits the borrower with a lender. The procedure is computerized and uninterrupted.

Additionally, no communication occurs between them the lender and the borrower.

The borrower makes a charge without delay to the lender on the lender’s PayPal fee page. After the fee is made, bitcoin is automatically transferred to the wallet of borrowers.

What cryptocurrencies are supported by Xcoins?

Currently, it only facilitates the borrowing and lending Bitcoins from one user to another.

What are the Supported Countries?

Currently, Xcoins is providing their services over 40 countries. Once you signup, you can check if your country is supported or not.

What are the accepted payment methods?

It looks as if Xcoins is constantly looking to ease the buying of bitcoins over the time.

Various carrier providers running on a comparable model do now not permit users to buy bitcoins through their credit cards.

In addition, they force their users to look forward to an extended time before they actually get and use their bitcoins. At Xcoins they accept all fee techniques widespread with the accepted method of PayPal.

The supported payment methods are:

  • Major credit cards: Visa, Mastercard, American Express and Discover
  • Debit Cards
  • Automated Clearing House (ACH)
  • PayPal Credit and Balance
  • eCheck

What is the fee structure?

The charges that you’re going to pay could be extra on the transactions which you might be undertaking with them. The interest price for a loan may be paid together with a mortgage safety deposit.

What’s notable is that the lenders also can determine their very own interest rates. Because of this when a borrower searches for an X number of bitcoin, they may be given some alternatives from the system at the side of the interest expenses.

In addition to the interest fee, the borrower also pays the loan origination and payment processing or bank transfer fees.

How long does it take to receive your funds?

The transaction times involves following aspects:

  • If you are a borrower then you will receive Bitcoins instantly. After you make the payment you will receive your Bitcoins instantly in your wallet.
  • If you are using this platform for the first time then it will take quite a time to get your Bitcoins. It takes up to 3 hours.

If I talk about my experience of Xcoins in terms of time taken, then I highly satisfied. You don’t have to wait or check your desktop every half an hour to check whether the Bitcoins are there are not. If you are a newbie in crypto space then you are good to go to use this platform.

Is there any transfer limit?

  • Minimum Loan amount is $10
  • Maximum Loan amount is $1000

Let me make you clear this, with the example.

Take, for instance, if Bitcoin market price is $4,000, then the maximum loan amount will be 0.25 BTC ($1000/$4000 = 0.25 BTC).

Customer Support:

If I speak about Xcoins in terms of their customer service, then it has pretty been quite stepped forward over time. They had been without a doubt responsive in phrases of responding to their customers.

If you have any questions regarding general queries then the platform is well equipped with FAQs sections. It has been divided into two phase:

They also have the feature of Discussion Forum in which all the users can post their queries related to the general transaction. All the queries are attended within 24 hours by the supporting team.

Additionally, if you have a question related to your specific transaction then you can contact their Help Desk. These queries are also solved within 24 hours.

If you want an instant solution to your problem you can mention your Transaction Number for your convenient.

If I talk about my experience it has pretty well in terms of all my inquiries. Also, for general queries, the FAQs section has all the information already.

Pros and Cons:


  • Two-Factor Authentication ensures safe transaction.
  • Accepts Credit Card and PayPal
  • 24 hr expected resolution through their help-desk


  • It has been hacked in January 2017
  • Lots of negative reviews
  • Website is not fully equipped with all the information.
  • User-interface is not up to mark.

Is it safe to use Xcoins?

There have usually been these kinds of questions placing in our mind before we take the very last step to apply that precise platform. If I give a review about xcoins it has won an amazing recognition over time. The security elements include:

  • Two- Factor Authentication for secure login and process of the transaction.
  • Good and proper wallet to secure your Bitcoins for further use.
  • Peer-to-peer transaction.

However, you must be aware of the fact that it has been hacked earlier this year i.e., in January 2017. There are also quite a few negative reviews too regarding this platform.

In conclusion, we can say that it seems to be a legitimate platform for the majority of its users along with the good foundation of customer care support too.

If you want to know my opinion then it has been a quite a good platform for all the users who want to facilitate trading by performing a borrowing and lending function.

How to get started with Xcoins?

To get started with Xcoins go to their Official Website and sign up. In this stage, you will be asked your personal information which will include Name and E-Mail.

Enter the code received by your Email to get confirmed and this will be directed to the page for creating a password.

After this, you need to create your strong password for your account.

Once you are done with your password you will get access to your account.

Now for the further trading process, you need to get verified to use all the existing features.

So, without any further ado, let us see what are the process involved in verification.

How do I need to get verified?

After you are done with the password, you have to select the country. This page will ask your two information:

  • Your Country
  • Your Phone Number for verification.

Enter your phone number and you will receive 6 digit confirmation code.

Verify your number with a 6-digit confirmation code and you are done with your verification process.

How to trade with Xcoin?

To start trading with a click on “Get Bitcoin” and you will be directed to the page for borrowing Bitcoin and payment method.

Just enter the amount in $ or BTC and select the payment mode.

The minimum amount needed to purchase Bitcoin would be $10.00 and the maximum would be $1,000.00. This means that you are unable to purchase 1 BTC at the current exchange rate they have on their website which is $2,583.84 with one transaction.

My take on Xcoins:

Xcoins has been one of the most dependable trade platforms with the strong base of patron pride. It has excellent security with the two-factor authentication process.

Yes, there are numerous downsides too but sometimes it’s far well worth when you are getting good security to your currencies and negligible rate concerned.

Customer service has constantly long gone nicely for me. I have obtained all the statistics concerning my queries within a day.

However, if I talk about improvement in a certain field then it will include:

  • It should have a mobile app.
  • It should support more cryptocurrencies along with fiat currencies.

So, this is it on Xcoins Review, I will come back with more reviews and guide so don’t forget to click that “Red Bell Icon” to get latest updates!

Moreover, if you have some questions about Xcoin or any exchange, feel free to comment below.

Till then read some hand-picked articles:

xcoin review

xcoin review

Ease for Beginners


Customer Support






Payment Methods



  • Support PayPal and credit card
  • Average customer support
  • Beginner friendly


  • Has been hacked once
  • Many negative feedbacks

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