-
Binarium
The Best Binary Options Broker 2020!
Perfect Choice For Beginners!
Free Demo Account!
Free Trading Education!
Get Your Sing-Up Bonus Now! -
XCoin exchanger
Status: | disabled | XCoin reviews: | 0 / 0 | |
Exchange rates: | — | Advanced Cash TS: | — | |
Reserve: | — | Perfect Money TS: | — | |
Age: | 3 years 7 months | WebMoney BL: | — | |
On BestChange: | 3 years 5 months | MyWOT rating: | 3.0 | |
Country: | Ukraine | Forums: | — |
Positive | Comment | Complaint |
Use this type of feedback only if get no money from the XCoin exchanger after it is due. When the funds from an exchange or refund operation reach your account, the claim must be dismissed.
Make sure that you specify the exchange order number in this case – it will help the XCoin administration solve the problem faster.
If you just do not like the service at XCoin and you want to share your opinion – select the Comment feedback type.
xCoins Review – Is xcoins.io scam or safe cryptocurrency exchange?
RECOMMENDED BITCOIN BROKERS
Trading Accounts & Conditions
Account type | Leverage | Fees |
Standard | 1:1 | Vary by lender |
xCoins isn’t what one would call a cryptocurrency exchange. Instead they offer a relatively unique service – Bitcoin lending. Their business model is similar to that of a peer-to-peer lending service, but we have a couple of issues with the service.
So how it works?
Contrary to what you may expect, the fiat currency (USD in this case) is used as a collateral and Bitcoin is the asset, which is borrowed. Both counterparties must have an account at xCoins, where they are provided with a wallet. Once a borrower (i.e. buyer of Bitcoin) wants to acquire his coins, he has to send USD to the lender (also called “investor”). A fee is set in place and paid at this point in time, together with the entire payment. Later, the borrower can pay back his crypto in order to get his funds back, but he may also choose not to repay the loan.
It’s worth pointing out that when the return payment is made, one would have to provide enough Bitcoin to match the dollar sum he has left as collateral (i.e. if he doesn’t do anything with the coins, he is exposed to market risk).
xCoins Advantages
Multiple fiat payment options – making a fiat payment to a lender on the xCoin platform can happen via multiple methods, which are integrated with PayPal. As far as we understand the “seller” must have a fully verified account with the payment company, but a “buyer” can simply use a Credit Card or Bank Transfer to them.
No company background – the most concerning fact about xCoins is the feeling of low transparency. We simply don’t know anything about the people running the operation. If they are truly based in the US, the company would probably have to be registered under a specific law (or several given the nature of their service), which isn’t mentioned.
Entire model has a flaw – while this is mentioned by the company, the fact one can reverse a PayPal payment, after he has received his Bitcoin can’t be dealt with easily. The “Terms and Conditions” forbid users from doing so, but there isn’t information of a reliable compensatory mechanism in place, while a “50% of the profit margin guarantee” is advertised.
PayPal may not like them – possibly even a bigger issue than the lack of some information is the presence of another. As PayPal is part of every transaction on xCoins, one would imagine the two companies having solid cooperation. In reality, much like other “traditional” financial services, the company doesn’t want to be associated with cryptocurrencies. This is what xCoins has to say on the matter, in their official forum (click to zoom-in):
-
Binarium
The Best Binary Options Broker 2020!
Perfect Choice For Beginners!
Free Demo Account!
Free Trading Education!
Get Your Sing-Up Bonus Now! -
Fees not disclosed (may be high) – we aren’t certain if each lender at this platform determines his own fees and what the company’s cut is. If nothing else, this makes the entire environment feel even less transparent. Judging by their investor-attracting material, the markup can go as high as 10%:
What potential investors at xCoins are presented
Repayment isn’t automated – according to the FAQ, both counterparties’ wallets are held on the exchange, but once a transaction is made, the borrower can send his Bitcoin wherever he wants. After he’s done using them, the repayment process isn’t as simple as the borrowing one. He would have to contact the seller himself and arrange the terms.
Only reference charts – xCoins provides some form of charting, which isn’t impressive. This is by no means our biggest concern wit the project, but we are used to seeing price dynamics presented in a much more detailed way. Here is a preview:
Not an exchange – it should be quite clear by now, this isn’t a trading platform, built with the active investor in mind. On a side note, the few exchanges, which actually do provide margin trading, use a somewhat similar way of granting you the extra coins needed.
xCoins is a peer-to-peer cryptocurrency lending mechanism. While their idea seems cool in theory, we found a lot of troubling things when it comes to the execution. The issues with PayPal are probably the most crucial, but at the end of the day we aren’t certain if there is demand for such a system in the first place.
In other words, we think most users are simply using this as a gateway into crypto and not as a “bank” (or “online pawnshop”). If this is the case, the entire process is overly complicated if xCoins is used only as an entry level exchange.
The company’s presentation explains the service, but doesn’t inspire much trust. This is a common theme in the world of cryptocurrencies, which can easily be compared to the Wild West. On the other hand some of the forex brokers, which offer Bitcoin trading are highly regulated and reliable companies.
Broker | Advantages | |||||||||||||||||||||||||||
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts. XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for. FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion. FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection. FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals. FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions. HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry. Best Ways To Buy and Sell Bitcoins With PayPal Instantlyby Ankur Gupta · April 7, 2020 Paypal is one of the most accepted global instant payment gateways. Here is the good news for cryptocurrency users. Now you can buy bitcoins through Paypal instantly. The recent integration with Paypal will leverage bitcoin trading and there will be no more delays in bitcoin payments. Here are three ways where you can buy bitcoins through Paypal. Table of Contents 2 Ways To Buy and Sell Bitcoins With PayPal:eToroeToro supports Paypal as a secured payment platform. Users need to integrate Paypal into their funded accounts. Fortunately, eToro has an intuitive platform that is suitable both for beginners and for experienced traders. The multi-asset platform came into existence in 2006 and deals with several assets like CFDs, stock markets, Forex trading, and cryptocurrencies. There are no charges for eToro users. However, non-EU country users will be charged a minimal commission for trading on the platform. Visit eToro Website Features:
Advantages:
Disadvantages:
PaxfulPaxful came into operation in 2020. It is a P2P (peer-to-peer) trading platform that updates traders with daily news of the trade markets. This is a reason why Paxful has become immensely popular within a very short period. Paxful is among the few who offer more than 300 payment options including Paypal. Registered users can store their bitcoins in the Paxful wallets. The platform is highly flexible and allows both buyers and sellers to set the terms and conditions for their trading activities. Visit Paxful Now Features:
Advantages:
Disadvantages:
ConclusionThe users can also make use of some other low cost or cheaper methods like “Localbitcoins” or bank transfers to sell their bitcoins. But before going to sell bitcoins, the users need to create and post an advertisement on their site. They must also make sure that whether they are okay with the risks associated with the specific selling method. The platform listed above also useful for the trading of cryptocurrency and websites like thebitcoin-hero.com may also be useful for advanced traders. Though the above-mentioned selling methods are effective, they are not suitable for new users or beginners. Because those beginners may not be aware of the insecurity or losses made by fraudulence attempts. This, in turn, affects the overall profit rate of the users. Xcoins.io – review and feedback on the crypto exchange. Buy BTC with bank card1. Make registration on the site – create your own account; We charge a fee for each transaction, bank commission is 4.5%, company fee is 4.5%. One transaction allows to buy the amount of bitcoins equivalent to 50USD or 50EURO. You can also check on side a daily and monthly limit. The site accepts Mastercard/Maestro/Visa card for this operation. How to buy BTC with credit card with verification?In order to make any transaction on our site you need to go through verification process. Please note that verification process is obligatory and usually takes 15 minutes, in some exceptional cases you should be ready to wait up to 12 hours until you are verified. The service will ask you to provide all personal and customer documents in accordance with the AML policy and international KYC requirements. You are not allowed to make any operation on our site using your friend’s, or family member’s card. The name in your profile should match the name of the cardholder. The advantages of buying from us:• Simple service to buy bitcoins even for a beginner; As a rule, a credit card is convenient for small BTC purchases. If you need to purchase medium or large amounts of virtual currency, it will be cheaper to use bank transfer although it will take longer. Ripple XRPHow to buy XRP with Visa or MasterCard?1. Create your own profile by registering on the site; There is a fixed fee for each transaction, the bank commission makes 4.5%, company fee is 4.5%. We have a restriction of the sum of XRP you can buy, one operation is equivalent to 50 USD or 50 EUR. Please also check a daily and monthly limit on the site. Our service accepts Visa and Mastercard cards. How to buy Ripple with credit card with verification?Before making any transaction on our site we ask you to pass the verification process. This stage of the registration is obligatory and will normally take around 15 minutes, but in certain cases verifying step requires up to 12 hours. You must provide all personal and customer documents in accordance with the AML policy and international KYC requirements. It is strictly prohibited to use your friend’s, or family member’s card. The name in your registered account should match the name of the cardholder. The advantages of buying from us:• Easy XRP purchases even for the beginners; You can buy Ripple cryptocurrency at a favorable rate on our resource. We promise an individual approach to each client. Ethereum (ETH)How to buy ETH with Visa or MasterCard?1. Go through the registration process on the site; There is a fixed fee for each transaction, the bank commission makes 4.5%, company fee is 4.5%. We have a restriction of the sum of ETH you can buy, one operation is equivalent to 50 USD or 50 EUR. Please also check a daily and monthly limit on the site. Our service accepts Visa and Mastercard cards. How to buy Ethereum (ETH) with credit card with verification?The verification process is obligatory on our site for any transaction. Normally this step will take you about 15 minutes, but sometimes you will need up to 12 hours to complete verification procedure. You will have to provide identifying documents in accordance with the AML policy and international KYC requirements. Your friend’s, or family member’s card cannot be used. The name in your profile should match the name of the cardholder. The advantages of buying from us:• Simple service to buy Ethereum (ETH); Please note, a credit card is convenient for small Ethereum (ETH) purchases. For larger amounts of cryptocurrency, it will be cheaper to use bank transfer. Litecoin (LTC)How to buy Litecoin with Visa or MasterCard?1. Register on the site creating a personal account; There is a fixed fee for each transaction, the bank commission makes 4.5%, company fee is 4.5%. We have a restriction of the sum of LTC you can buy, one operation is equivalent to 50 USD or 50 EUR. Please also check a daily and monthly limit on the site. Our service accepts Visa and Mastercard cards. How to buy Litecoin LTC with credit card with verification?All operations on our site are possible only after the verification process. This is an obligatory step and it will take you 15 minutes, but sometimes verification may take up to 12 hours to be completed. You will have to be ready to submit all personal and customer documents in accordance with the AML policy and international KYC requirements. Your profile name should strictly match the name of the cardholder. You cannot use your friend’s, or family member’s card. The advantages of buying from us:• Simple service even for the beginners; Buying LTC with a banking card is very convenient for small cryptocurrency purchases. Bank transfer is cheaper although it will take longer. Bitcoin Cash (BCH)How to buy Bitcoin Cash with Visa or MasterCard?1. The first thing you need to start with is to make registration on the web site. Simply create your own profile; Every transaction is charged with a fee. Usually, bank commission amounts 4,5% as well as a company commission. Per one transaction the amount of bitcoins equivalent to 50 USD or 50 EUR is allowed. There is a possibility to check your daily and monthly limit. Mastercard, Maestro, and Visa are accepted for this type of operation. Also, before starting your transactions, please, check your country in the list of those where you can’t make any type of ones. How to buy BCH with a credit card?The advantages of buying from usDASHHow to buy DASH with Visa or MasterCard?1. Creating your own account. Fill in all the information needed. To pass the verification process your wallet needs to be valid and reliable. Your international passport or a copy of your ID card may be suitable. Once your personal information is verified you can immediately start buying, exchanging or selling Dash coins online on our platform! How to buy DASH with a credit card?The advantages of buying from usZCash ZECHow to buy ZCash with Visa or MasterCard?How to buy ZCash ZEC with credit card with verification?Unfortunately, the verification process cannot be avoided. It is obligatory but fast enough. You must be ready to submit all personal and customer documents in accordance with the AML policy and international KYC requirements. You are not allowed to make any operation on our site using your friend’s, or family member’s card. The name in your profile should match the name of the cardholder. The advantages of buying from us:• Easy buying process; All operations on the site are conducted in accordance with strict security measures, your personal data will not be disclosed to the third party. Ethereum Classic (ETC)How to buy Ethereum Classic with Visa or MasterCard?How to buy Ethereum Classic ETC with a credit card?The advantages of buying from usCardano ADAHow to buy Cardano ADA with Visa or MasterCard?How to buy Cardano ADA with a credit card?The advantages of buying from usStellar/Lumen (XLM)How to buy Stellar Lumen with Visa or MasterCard?How to buy XLM with a credit card?The advantages of buying from usDiamond Platform Token (DPT)How To Buy DPT with Visa or MasterCard?1. Visit the registration page on the site to get started; It is important to note, however, that there is a fixed fee on every transaction. The bank commission is usually about 4.5% and the company fee is 4.5%. How to buy Diamond Platform Token using a credit card with verification?To carry out any transaction on our platform, it is important to carry out a verification process. Usually, the process takes about 15 minutes. However, on some rare occasions, the process might take up to 12 hours before completion. Identity of friends, family members cannot be used in the process. The name in your profile has to match the details on the card. Some of the advantages you get from buying from us include:• The process is simple and easy to use; You should also note that credit card transactions are more convenient when you want to obtain small amounts of DPT. Getting higher amounts would be more convenient using a bank transfer. Latest Transactions
Latest News and UpdatesCryptocurrencies are established on cryptography. This is why developments in cryptography often have wide-reaching impacts on blockchain technology as a whole. This article examines some opinions of industry experts on what the latest advances in cryptography are and what the implication is for cryptocurrencies. There have been several movements into payments over the past year. More users are beginning to explore the use of cryptocurrency in payments. Interestingly, more altcoins are also coming for bitcoin (BTC). Ethereum, EOS, ADA, EOS, XRP, and several other altcoins that were considered initially as only utility tokens are now being considered as payment options. Several third-parties are also beginning to build payment services around them. Recently, there has been a recent debate in the world of cryptocurrency about the possibility of control, censorship, and surveillance in cryptocurrency. Using Bitcoin as a model, there was a recent debate on cryptoverse about the topic, and some top stakeholders in the cryptocurrency world were part of the conversation. Recently, Bitcoin took an unprecedented dive. The coin plunged by about $600 in only a few minutes. However, as minor as it might seem, the plunge led to about 15 of the 20 largest crypto assets go down by about 5% from the previous day. Bitcoin was founded over a decade ago, and since the inception of the cryptocurrency, it has stood the test of time and is still currently a major coin in the cryptocurrency industry despite several others that have emerged after its development by Satoshi. Over the past decade, several changes have occurred to bitcoin in trying to make it better suited for mainstream adoption. This article explores Bitcoin’s files and how the whole thing started. Best Binary Options Brokers 2020:
|