Xcoins.com

Xcoins.com Review

What is Xcoins.com?

Xcoins.com is a crypto platform registered in Malta, owned by a company called CF Technologies Ltd. It has been around since 2016. This platform's offering is easy to describe: you can buy and sell Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Dogecoin (DOGE) and Bitcoin Cash (BCH). 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. 

According to information from the exchange to Cryptowisser.com, the platform will within the near future enable purchases of 50+ other cryptocurrencies as well.

250,000 Satisfied Customers

As of March 22, 2022, the platform stated on its website that it had 250,000 satisfied customers globally. This is a 94.6% customer satisfaction rating, according to the platform. This is very impressive in our opinion as customer satisfaction is a very good indicator of the level of the exchange's overall services. 

Xcoins.com Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the 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. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you.

Xcoins's 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. This purchase interface makes it very easy to understand if you’re new to crypto, yet it might not offer all the advanced buy/sell features more experienced traders look for. Here’s a peek at Xcoins’s interface:

Affiliate Program

Xcoins.com has an excellent affiliate program. For each user you refer under this program, you will receive USD 10 and a 20% rev share of the fees the referred users generate, provided that such referred users make purchases over USD 200 in aggregate. This rev share structure is 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 will be displayed in the final step of your purchasing process, and it’s up to you to confirm if you want to place 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 takes a cut via a fee. If you hold money in Euros, make sure to purchase from xcoins.com in Euros, Dollars  (USD) if you hold money in Dollars, and so on with all the currencies offered.

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 do so many exchanges not allow US citizens to open accounts with them? The answer has only three letters. S, E and C (the Securities Exchange Commission). The reason the SEC is so scary is because the US 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, one of which being 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. It is very likely that more cases will follow.

Xcoins.com is US-regulated and legally offers services to buy crypto on its platform to US customers. However, if you are a US-investor, you should still always analyse whether your home state imposes any obstacles to your foreign crypto trading. Sometimes the exchange has opened its doors in spite of your own state prohibiting you from trading.

Deposit Methods

The only way you can purchase cryptos at this platform is via credit or debit card. Both VISA and MasterCard are accepted here. The exchange has also introduced SEPA for the EU and Fast bank transfer for the UK.

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 offered with no extra fees incurred by the customer.