Xcoins.com

Xcoins.com Review

What is Xcoins.com?

Xcoins.com is a cryptocurrencies platform registered in Malta and owned by a company called CF Technologies Ltd. It has been around since 2016. Xcoins.com’s  services are easy to understand:you can buy and sell Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Dogecoin (DOGE) and Bitcoin Cash (BCH), directly from the platform. This means that the platform never holds the users' crypto assets. When you have bought your crypto, the platform sends it directly to your wallet address.

300,000 Satisfied Customers

As of February, 2024, the platform stated on its website that it had 300,000 satisfied customers globally with a 96% customer satisfaction rating. This is very impressive in our opinion as customer satisfaction is a very good indicator of the quality of the exchange's overall services. 

Xcoins.com Trading View

No trading view can be objectively classified as the best one. Rather, different exchanges have different trading views because  you should yourself determine which trading view suits you best. What such trading  views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. It is always advisable that before you choose an exchange,you should always try to have a look at the trading view the particular platform is offering so that you can be sure that it is the right one for you.

In the case of Xcoins, their  purchase interface gives you the option to insert the exact amount of dollars (or EUR) you wish to spend or the amount of crypto you wish to buy. If you’re new to crypto, this purchase interface makes it very easy to understand, yet more experienced traders might be looking for more  advanced buy/sell features. Here’s a peek at Xcoins’s interface:

Affiliate Program

Xcoins.com has an excellent affiliate program. For each user you refer to this program, you will receive USD 10 and a 20% rev share of the fees that the referred users generate, provided that such referred users make purchases over USD 200 in aggregate. This rev share structure will remain  active forever, and is not time-capped at 6 months or 12 months as it is at many other trading platforms.

Xcoins.com Fees

Xcoins.com's Purchasing Fees

A definite bonus when it comes to Xcoins.com is that they are fully transparent and don't have any hidden fees. Any fees you’re charged with, will be displayed in the final step of your purchasing process, and it’s up to you to then confirm the order. The fee is typically around 4-6% of the total amount you purchase. If you’re paying with a credit or debit card there’s also a 3.9% card processing fee that’s added to the order but is always clearly displayed when checking out.

Exchange Rate Fees

Whenever money is exchanged by a bank from one currency to another, the bank deducts a fee. This is why we advise you to always purchase the same currency you are currently holding, so as to minimize the chances of paying the bank an exchange fee.  

Xcoins.com's Withdrawal fees

Xcoins.com doesn’t charge any additional fees to withdraw coins. However, there are always network fees involved with transferring crypto, which is why we have listed the network fees under the withdrawal fee section of this exchange.

Deposit Methods and US-investors

US-investors

Why are so many exchanges not allowing US citizens to open accounts with them? The answer has just three letters. S, E and C (the Securities Exchange Commission). The US SEC does not allow foreign companies to solicit US investors, unless those foreign companies are also registered in the US (with the SEC). If foreign companies solicit US investors anyway, the SEC can sue them. There are many examples of when the SEC has sued crypto exchanges, such as  when they sued EtherDelta for operating an unregistered exchange. Another example was when they sued Bitfinex and claimed that the stablecoin Tether (USDT) was misleading investors. More cases are expected to  follow.

Xcoins.com is regulated in the US and legally offers its services to US customers. However, if you are a US investor, you should still always look into   trading prohibitions specific to your state as sometimes online platforms still operate  in spite of your own state prohibiting you from trading.

Deposit Methods

Xcoins offers several payment methods with customers being able to choose from buying cryptocurrencies using credit or debit card, SEPA bank transfer for customers within the EU, Google And Apple Pay. Both VISA and MasterCard are accepted at Xcoins. 

Instant Cashout

A definite bonus of using Xcoins.com is their instant cashout feature, enabling users residing within the EU, UK, EEA and Singapore to access their funds within 15 minutes of selling cryptocurrencies. This is in sharp contrast to traditional bank account transfers that may take up to five days until they are processed. This is most definitely an advantage for Xcoins.com as it is offered with no extra fees incurred by the customer.