Xcoins Cryptocurrency Exchange Review – 100% Safe & Secure
About Xcoins Cryptocurrency Xcoins Cryptocurrency is a peer-to-peer bitcoin lending platform. All loans originated at xCoins are person to person loans. xCoins does not lend any funds and does not exchange bitcoin. The platform assists lenders with borrower identity verification, credit risk analysis, and unpaid funds collection. The service is subject to lenders availability. xCoins […] The post Xcoins Cryptocurrency Exchange Review – 100% Safe & Secure appeared first on Coinworldstory.
About Xcoins Cryptocurrency
Xcoins Cryptocurrency is a peer-to-peer bitcoin lending platform. All loans originated at xCoins are person to person loans. xCoins does not lend any funds and does not exchange bitcoin. The platform assists lenders with borrower identity verification, credit risk analysis, and unpaid funds collection. The service is subject to lenders availability. xCoins makes no warranties, expressed or implied, and does not guarantee that each borrower will be matched with a lender.
Xcoins is a legit company which is providing a unique service within the cryptocurrency sphere. There have been no reported cases of fraudulent activity on the part of borrowers/lenders, or on the part of the Xcoins team. Xcoins is, therefore, a truly legit company.
|Exchange Name||Xcoins Cryptocurrency|
|Address||1541 Ocean Ave., Suite 200 Santa Monica, CA 90401|
How To Start With Xcoins Cryptocurrency
To Start Trading With Xcoins Cryptocurrency Indian Residents First Have To Sign Up For An Account By Following The Steps Below.
Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Xcoins Cryptocurrency Website.
Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.
Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.
Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.
Step 5. Click On The “Confirm Email” Link In The Activation Email.
Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into Your Xcoins
Xcoins Cryptocurrency review from 2018 before carrying out my own evaluation. People have criticized their fees and They can see why. There’s no way of getting around it—xCoins’ fees are steep. Here’s an example of what They talking about: That’s right. If you want to buy $100 worth of Bitcoin, you will actually end up paying $126.47—a markup of over 26%!
As you can see, there are three main fees to be aware of. The biggest is the “Lender’s Fee,” which is basically the interest on your loan. Lenders can set this at whatever rate they please, but xCoins recommends 15%. Based on my research for this review on xCoins, it seemed that every lender was indeed using 15%. Then, there’s also a “Loan Origination Fee” (a transaction fee, basically), and the PayPal processing fee (you must go through PayPal at some point in the transaction).
This will be another short, sharp section! xCoins Exchange is an extremely basic service. There are no trading tools here whatsoever. There aren’t even basic price charts; they simply show you a BTC/USD price in the top-right corner, with no historical context.
Again, though, Xcoins Cryptocurrency doesn’t market itself as being a fully-fledged trading platform. If you so desire, you can simply use analytical tools elsewhere—on TradingView, for example—then come back to xCoins to actually execute the purchase (most people buy Bitcoin with their credit card.
Buy Bitcoin with Credit Card
Secured lending is just like exchanging, only better. It allows obtaining bitcoin with credit card or PayPal quickly. Most bitcoin exchanges do not allow to buy bitcoin with credit card or make you wait several days to receive bitcoin. In contrast, xCoins is instant! The entire process takes only a few minutes.
Xcoins Cryptocurrency actually works in quite a novel way. In short, you’re borrowing Bitcoin, not buying it, and you’re doing so from other users, rather than from the exchange itself. X Coins is simply acting as a broker.
Youbuy Bitcoin as a “secured loan.” You’ve still bought it, once you’ve paid the fees, and can withdraw it if you like. But if you decide you don’t want it, for any reason, you can essentially reverse the transaction, giving the Bitcoin back and getting your money refunded.
Xcoins Cryptocurrency evaluate whether or not this is actually a good idea, and give more details on how it works, later in this xCoins.io review.
You definitely get the impression that the xCoins team is trying to build their customer base as quickly as possible, and nowhere is this clearer than with their affiliate program.
The commissions on offer are certainly eye-catching. You can earn 5% or more for each transaction made by users that you directed toward xCoins. The site makes payouts for both “Borrower” and “Lender” referrals, too. And like everything else on the xCoins trading platform, everything works quickly and smoothly.
Here they find yet another area in which Xcoins Cryptocurrency is found wanting! The customer service on offer here is extremely limited. The only way to contact xCoins directly is by opening a support ticket at the Help Desk. The customer service team works from 08:00–17:00 PST, Monday through Friday. Alternatively, you can also post in the xCoins forum. In fairness, the team does a pretty good job of responding to issues here, even though they’re not particularly quick in their replies.
Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe side and avoid much losing online.
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