Topic: Have you guys used xCoins.io ? (Read 1052 times)

If you absolutely want your ACCOUNT FROZEN BY PAYPAL, then go for it. I have 10k NOW sitting for 180 days that I can no longer touch thanks to LENDING ON XCOIN. Paypal froze it as a violation of their terms of service for acting as a currency exchange. Lend, sell, it don't matter. PAYPAL WILL FREEZE AND PERMANENTLY CLOSE YOUR ACCOUNT.


You will get a message like this:

We recently noticed an issue with your account. To see what you can and can't do while your account is limited, go to the Resolution Center.

Why is my account access limited?

Your account access has been limited for the following reason(s):

Jun 15, 2017: We need to confirm some of your account information.

(Your case ID for this reason is PP-xxx-xxx-xxx-xxx.)

This limitation cannot be appealed.

After speaking with numerous people at paypal, managers, senior risk management folks etc. The verdict remains the same. It violates their Terms of Service, Its High Risk and Paypal says sorry bout your luck, your account is permanently closed. You will get an automated email in 180 days that will allow you to withdraw your funds. Funds minus any charge backs that is.

The hold being in effect so as to provide them a buffer in the event of excessive charge backs.  

Other note of interest when your account is banned you cannot capture funds, so if you have any transactions outstanding that already had bitcoin delivered. To Bad, you can not collect the payment.. You can just sit and watch the frozen balance go down, down, down..  

This is really stupid as Paypal ruled in my favor on a few chargebacks, which I would think would minimize their risk..

Basically Bitcoin competes with paypal, paypal will fuck you for selling/lending it and collecting payment with their site.


Moral of Story...  STAY THE FUCK AWAY FROM XCOINS, UNLESS YOU WANT TO MAKE SOME $$$ BY BUYING A SHITLOAD BITCOIN THERE, THEN CALL YOUR CARD COMPANY AND SAY YOUR CARD WAS STOLEN. PAYPAL WILL RULE IN YOUR FAVOR, YOU FUCK SOMEONE YOU DON'T KNOW, AND YOU GET FREE BITCOIN....    SCAMMERS PARADISE THERE.. SEE MY POST ON THEIR SCREENING PROCESS.. WHAT A JOKE.

xCoins looks good but not good. It's the first time I've seen crypto lending that uses paypal as medium. That sounds dangerous just by reading it. And I've known a very good lending site like btcjam that was so popular before but not anymore.
I'd prefer dealing in the Lending section instead.

Have you ever had issues with Paypal charge backs and if this does happen, what then?

Knowing Paypal policy towards cryptocurrencies, if you do mention BTC, you ll lose that dispute immediately.

i wondering if you are not the owner of this site? ,i see you like .io and you are always add a S or a Z in your domain name.

Never heard of such website till now. Thank you OP for introducing us and for the thread links too.
Would like to know the experiences of OP in the website and what is the process there and is there any difference between poloniex and xcoins.?

fees are high as expected, but it's working.

ive used xcoins.io before... its the place where i went before i found coinbase. they call it lending but infact it is not an actual loan. when you buy bitcoin from xcoin.io you can choose to pay with paypal at which point xcoins.io matches you to a "lender" on there site and redirects you to a paypal page where you approve the purchase amount of pp money you want to spend on bitcoin at xcoins.io.... paypal sends your funs to said "lender and with 2 to 3 minutes your bitcoin is in your wallet waiting for you on xcoins.io. thats how it works. as far as i know xcoins.io doesnt loan you anything in all actually you pay the lender a high price for btc and thats it xD. as far as charge backs go ive lost 0.35 btc from chargebacks on xcoins.io so don't dooo eee iii ttt!.

I haven't tried to use their platform as I haven't heard that website before and I just noticed that many people here are not very familiar to that xcoins.io that they had the same answer as mine . I visited their site while ago and the site seemed to be well developed and looks like it is not a scam or what but the problem is that I haven't seen any reviews about their service so it is hard to conclude .

I guess the main issue is how to deal with Paypal chargebacks. Has anyone experienced issues with this when using them?

Thanks for sharing.

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@OP, haven't heard about this site before. I visited the link of their ANN thread, seems the OP is active. As expected the thread has both positive and negative comments. Positive feedback came from those who are using the site (as they've said). How good have you earned from there?

The project grows ? Had the project been that interesting ,do you think it would have only 5 pages since 2016 ? On the contrary,pages has nothing to do with the project.If the number of users increases on the website,forum pages automatically grow.

Can you share specifics? How exactly did you make all that 'good money?

Is there any mechanism which help you in case when someone will run off with the money you lent? From what I read there is nothing like that.

One more thing is bgging me. They have NBC logo on their site. Does that mean this service was featured on TV? I want to know more about it.

I am already sick of tried many lending sites as none of them coming with features which will be protecting lenders but borrowers keep suggesting new sites just to take advantage of testing phases of new sites by lenders.

Does this xcoins offer any inbuilt protections in favor of lenders or is this just a one more site risking people's money in the name of bitcoin lending ?

The fact that you have not heard about it does not mean no one else has heard about it. I went through the thread, and its having like 5 pages even though the first post was in August 2016. It pretty seems like admin of the site is still active since he was equally providing answers to questions raised by people making enquiries. Also, if OP is sounding like promoting the site, then I see nothing wrong in it if he feels thats the little he can do to help the project grows.

You made good money lending from a website no-one has heard before when it comes to bitcoin lending ? You talk like you're promoting it on purpose.Never tried the site out,because it is a fact ,lending can't be lucrative when the audience is only approved off their identity verification.
If at all you did,help us by explaining your strategy.

Never heard about this site or Lending Platform. but i see that many people pisting it here or they just want to promote it too get more many customer. Hopefully this would turned back as a scam after that there's not now using their service. Just be aware to all people tha would try their service

There are already lots of created threads about xcoins.io even just few months ago. For those who wants some other information about these service you may refer here:

ANN Thread:

https://bitcointalksearch.org/topic/xcoinsio-automates-the-process-of-making-money-with-bitcoin-official-1575948 - OP Last posted: May 9, 2017 ; Last Active: May 11, 2017

Some other related threads with feedback:

https://bitcointalksearch.org/topic/is-xcoinsio-worth-it-or-is-it-just-another-scam-1779678 - Last posted: March 05, 2017

https://bitcointalksearch.org/topic/xcoinsio-1869004 - Last Posted: April 15, 2017

https://bitcointalksearch.org/topic/xcoinsio-legit-or-scam-1747842 - Last posted: May 8, 2017 - by OP

Never tried that site but base in my research the site is not scam but i can't even seen any proof if this is really legit..
But always be careful don't always stay huge funds longer in that site if you heard about the site if it is scam better to go other site to invest your money..
i heard that uquid.com is much better to choice if you want to use some vcc or a debit card.. to deposit your bitcoin..
well hope that xcoins.io are not scam let me try this to add and use my vcc for testing purposes.

Have heard about them before too but i don't gonna try them. Bitcoin lending platform have risky history and they claim to accept paypal payments for bitcoin, don't know whether paypal is aware of this service or not. If they will find this out, they may freeze all accounts that have ever made any deal here.

I've made some good money there lending just wondering if anyone has used their platform