xCoins Review

xCoins is a digital wallet that allows you to purchase Bitcoin quickly with credit cards. Sergey Nikitin founded xCoins, and it has been in operation since August 2016. They are located in Menlo Park, CA.

xCoins is an exchange that focuses on connecting lenders with buyers. It’s a digital wallet in which you can lend out Bitcoins to buyers and to purchase bitcoin for yourself. Lenders can compete with each other to offer the lowest interest rates to you. xCoins process takes just a few minutes.

How xCoins Works

xCoins’ secured lending platform is just like an exchange. The process to receive bitcoin is the same as at an exchange. First, you give the money to the lender. Then, the lender gives you the Bitcoin. If you decide that you don’t need the Bitcoin anymore, or if you have found a better exchange rate, you can return the Bitcoin to the lender, and you can get back the amount you deposited.

Security at xCoins

When it comes to security, the exchange offers a 2-factor authentication model. You will need to provide both an email address and mobile number, and well as entering several codes before your account can be activated.

Exchange Rate & Fees

The fees that you pay at the exchange are for the transactions that you would be conducting. The interest fee for a loan can be paid together with a loan security deposit. This means that the lenders can also decide on their own interest rates.

Lenders do not need to worry about the fees, just the transaction fees that they need to pay to their credit card or PayPal when transferring funds.

Special Features

• Remarkable ease-of-use
• Get Bitcoin instantly and use it anywhere
• Quick signup process
• Fees vary by transactions
• Quick turnaround time

Ease of Use

xCoins’ ease of use is one of its main features. With this feature, users can get Bitcoin instantly, and they can use it anywhere. The process flow is simple, and the signup process takes quick. Users can purchase Bitcoin through one of the multiple payment options.

Buy/Sell

At xCoins, you can buy Bitcoin with PayPal or credit card.  The process of buying Bitcoin takes just a few minutes. All the transactions are based on the trade of using USD for buying or selling Bitcoins in exchange for USD.

Bottom Line

xCoins has a website that is straightforward, and it is easy to navigate. It offers Bitcoin on its unique peer-to-peer lending model which connects borrowers and lenders through a series of “secure loans”. The turnaround time is quick, and the verification process is easy. Users receive their Bitcoin instantly when they pay the lender.

To see how xCoins ranks against other industry-leading crypto exchanges and cryptocurrency trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.