XCoins Review 2018: Don’t Use XCoins before reading this!

XCoins is a self-professed “Bitcoin lending service” based in Santa Monica, CA, and established in 2016. It allows you to buy or loan bitcoins via PayPal or credit card.

This is quite unique because most exchange platforms don’t allow the use of PayPal when it comes to cryptocurrency exchange. That’s largely because PayPal brings with it the chance of a chargeback. As such, the buyer can file for a refund, and that’s not a possibility most platforms accept.

XCoins claims to have found a way around that possibility. Furthermore, it’s a peer-to-peer platform where lenders compete to offer low rates of interest to potential buyers of Bitcoin. However, I’ll get into the complexities of how that works later in this article.


In this XCoins Review, I’ll give you a detailed analysis of how this site works and all of its features. If you feel that it suits your needs, you can go ahead and use it!

PART 1: Is XCoins Safe?

XCoins is a legitimate site. However, it’s uncertain how safe or convenient it is.

In terms of users, the site offers a 2-factor authentication system which is great for account security. For this, you’ll have to verify both your email address and your mobile number.

As for the buyers, XCoins isn’t a stable enough site or source for you to invest in it to a great extent. You can go into it for small investments, or if you absolutely have to use PayPal, but it’s not highly recommended.

As a seller, there’s the risk of your PayPal account being flagged and shut down. So it’s not entirely safe, even though you’re promised a high rate of interest on the bitcoin loans, which we’ll get to later.

PART 2: XCoins Trading Information

xcoins io coupon codeCryptocurrencies Supported

XCoins is currently only available for buying or lending Bitcoins.

Currencies Supported

You can pay for the Bitcoins in USD, either through PayPal or with your Credit Cards.

Countries Supported

XCoins is available across the globe. The only limitations may be imposed by specific countries and their domestic laws.


XCoins is a peer to peer platform. And as such every lender has the freedom to establish their own rates of interest. Once the buyer makes a loan request, the site would draw up the best interest rates for you. At this point, the lenders need to complete to offer the lowest interest rates to get your attention.

However, the lowest possible rate established by the platform is 15%.

PART 3: XCoins Compared (and other Alternatives)

XCoins is a unique P2P Bitcoin loan platform that allows the use of PayPal for transactions. As such, there aren’t really any direct alternatives for it.

However, if your focus is on the lending or loaning of Bitcoins, you can also try out BitBond, which is a much more trustworthy site in terms of cryptocurrency loaning. But it doesn’t permit the use of PayPal.

If you want to simply buy Bitcoins, you can try out more traditional platforms such as Coinbase or Coinmama. But, again, they don’t allow the use of PayPal.

In the comparative table below I’ve listed out a couple of platforms you can use to buy Bitcoins. If using PayPal isn’t a must, you can try any of these other services.

Coinbase Review3.75%GreatEmail+ Coinbase “Community”Buy
Binance Review0.1%GreatEmailBuy
LocalBitcoins Review1.0%GoodQuick responses to online support ticketsBuy
Paxful Review0% from buyer, 1% from sellerGoodForum,live chat and email.Buy
BitPanda Review1.0% to 4.0%GoodEmailBuy
CEX.IO Review0.5% to 2.0%GreatEmailBuy
Coinmama Review6.0%GoodEmailBuy
Bitbond Review1.0% to 2.5%GoodEmailBuy

PART 4: How does XCoins work?

XCoins works through a means of secured loans. As such, the lender is given a particular amount of money to stand as collateral against all the Bitcoins that have been loaned out. It’s quite similar to other forms of secure loans such as mortgage loans or car loans, except in this case the collateral is actual money.

You can return the loan gradually over time, as discussed with the lender. Once you do, you get your deposit back minus the fees.

borrow diagram

If you want a detailed guide on how to buy Bitcoins with PayPal instantly, you can watch the following YouTube video:

PART 5: Advantages and Disadvantages of XCoins


  1. Easy Transactions: XCoins provides much faster transactions than its competitors because it doesn’t insist on verifications and because you’re supposed to leave money as collateral so you get the Bitcoins immediately.
  2. Easy Setup: It’s extremely easy to get started with XCoins. Simply go to the website and set up an account with your email address!
  3. Beginner Friendly: It’s great for beginners because you can start trading in Bitcoins with a deposit of only $20.
  4. Refundable: This platform is unique because it allows you to immediately return your Bitcoins and receive most of your cash back immediately. As such, it’s far more secure than other irreversible platforms.


  1. PayPal Suspension Risk: Lenders get paid through PayPal. And since they engage in loan activities, there’s a lot of back-and-forth that happens in their accounts. This causes PayPal to get suspicious, which can lead to account suspension for as many as 180 days.
  2. Withdrawal Problems: Some users of the platform have raised complaints that they can’t withdraw their Bitcoins. However, these complaints were then sorted out by the support team.

PART 5: XCoins Customer Support & User Reviews

XCoins customer support can be reached via email. However, there have been several complaints online that they take a very long time to answer or they don’t answer at all. However, these complaints mostly came up during the early launch of the site, and they have since expanded their response staff.

Online reviews for XCoins are quite mixed. Some love it for being a passive source of income, and some complain about PayPal termination, complexity of use, and other problems.

PART 6: XCoin Review Conclusion

XCoins is a great concept. People do find PayPal to be the most convenient form of payment, and the loan system is great for both the buyers and the lenders. However, it’s great in theory alone. In practice, the platform still has a long way to go. For starters, they need to come with a means of accepting payments wherein the lenders don’t find their PayPal accounts being suspended. If you don’t mind forgoing the use of PayPal, I would highly recommend you try out BitBond instead.

However, do leave your own comments down below and let us know about your own experiences with this platform.

6 Total Score
Just so so

The only exchange platform that accepts payment through PayPal, but the process is risky and can lead to your account being suspended.

Ease of Use
  • Can accept payment through PayPal.
  • Beginner-friendly.
  • Allows refund on Bitcoins.
  • Security issues.
  • PayPal can get suspended.
  • Issues with withdrawals.
  • Poor support.
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