Topic: XCOINS.IO Automates the Process of Making Money with Bitcoin [OFFICIAL] - page 3. (Read 10313 times)

This is Ponzi you know. It is dangerous for me to have a definite profit.
This is not my style. If the winners are happy.

Yeah, I get the impression you haven't tried the site and are uninformed regarding how this business model works. However, if you were to spend an hour reading up on it, you would gain some insight into why it is possible to sell Bitcoin above spot price (hint: ebay, localbitcoins).

While everyone is entitled to an opinion, I usually wait until I have a little information before I comment. Up to that point, I generally ask questions - that way I can get to the point where I can form a coherent, informed opinion which I'm not embarrassed to share. But, again, that's just me....  

To be honest, the only real downside to this platform is the support response time, which is truly dismal. Do not start trading on this site and expect your issues to be dealt with in a timely manner, because it's unlikely that they will be. However, there is a decent user community who are generally willing to assist and advise newbies.

Edit 1: BTW, it is only possible to consistently get a 15% premium (which is the minimum) as a seller - the competition of rates means that, in reality, anything above 15% is not realistically achievable.
Edit 2: Sorry about the smart-ass tone, I just dislike unhelpful, uninformed and troll-ish comments.... must try to be more patient in future




You can use this promotional code when signing up to https://xcoins.io/?r=jbh184 to get reduced fees: jbh184

Im confused by what the question is?

All you do is deposit btc to your wallet then you get $ in your paypal for the amount plus the fee they charge the borrower. The 15% comes from the fee's they add. its very simple nothing ponzi about it.

I have no affiliation with them other than being a lender. But ill gladly try to explain anything I understand about it.

No specialty ? I assume OP has one more specialty other than scam, probably he also own a Golden Hen which gives everyday 2-3 Golden eggs? Or maybe he has a magical money tree in his gardan that generates 50-70% return but he gives us only 15%-30%  Sad.

I use Xcoins and make exactly what they claim, 15% on any amount I deposit. I have been using it for 3 months now. I keep my selling limits at $50 and have not had one chargeback. You can have more than one offer running at a time depending on how much you have to sell. I literally buy bitcoin and turn around deposit it and within 2 days or so I get the payments in my paypal account. Its completly legitimate. I see in the forums people having chargeback issues so I guess the scammers dont want to lose their opportunity over $50. I have even made $31 on referrals.

I previously had nothing but problems on ebay with literally 95% unauthorized users.

You have the choice to choose what level of borrower you choose to sell to 1-5 5 Being the highest so I stick to that now. I have sold most of my bitcoin at level 1, I think it moves faster but not entirely sure about that. You put yourself at more of a risk but it hasent caused me any problems.

I recommend anyone that wants to test what Im saying to do a simple $20 deposit and see for yourself. Follow my advice and it will be very unlikly you will have any issues with chargebacks etc.

To be a lender you dont need to give any verification, you just sign up with name and email, they dont verify lenders, deposit your bitcoin to a wallet address they supply you with upon joining. You add your paypal address and wait for the $, it is as simple as that.

One note - When the payment comes thru they inform you in your account wether to capture the payment if necessary, or they tell you to wait. Usually it all goes thru without you needing to do anything. From my experience, if you follow their simple guidelines you shouldnt have any issues.


Below is a copy/paste directly from my account stats. Ill provide an image if anyone would like to see one.

I hope this helps shed some light on the whole process. I have actually begun to promote the service on my website also. (hence the $31 I made on referrals)

There have been days when I didnt get one sale but it always cleans me out within a week. I ususally deposit about $200 at a time, you can deposit any amount but the lowest your account can go is $20.

Lending volume   $1,075.29   100.00%
Interest fees   $161.29   15.00%
PayPal reversals   –   
PayPal reversal fees   –   
Refunds   –   
Net profit   $161.29   15.00%
Profit margin      100.00%

I guess you don't know for sure, just the same as you shouldn't really trust anything you read online. But I don't see why that matters. What you're looking for is info. You can get some info there (and elsewhere) and make your decisions. Even if someone misleads you, you're only risking what you hold on the platform at any given time (see my post above). Buy 0.1 BTC with your credit card and withdraw it to your wallet. Or transfer 0.1 BTC, sell it and bank your profit. At the end of your first transaction, you will have a balance of 0 on xCoins.

That way, you'll see how it works and you only risk 0.1 BTC. Then, you can decide whether you should continue. This is exactly how I started on the platform, and I've done a few $K in volume now with no problems so far (though like I say, I've been lucky).

But how do i know if the members in their forums are not fake accounts of their staff or something like that ?
Maybe they pay people or smth else .-.

I don't think they visit here very often. Their PR staff don't seem to be very active online and I get the impression that most of their efforts are going into development. You can read all the good and bad stuff from users on various online forums, including the xCoins user forum: https://xcoins.io/forum/

One thing I do know, however, is that they are implementing a new payment processor very soon as an alternative to PayPal. As I understand it, you will be able to use either or both processors to cash-out your earnings. I'm not a big fan of PayPal, so this is good news to me.

Where is the owner or PR staff of the xcoins.io ?
They sure had a lot of people asking, but no one's coming here to clarify .-.

Seems fishy

Yup

This still working?

I actually joined this site to discuss xCoins.io, so my account is indeed new. I also want to disclose that I like the xCoins platform and I wish them success for trying something new and innovative. Therefore take that into account when considering the value of my advice and comments about the platform. However, none of that should actually matter, because you can (and should) independently fact-check my points below.

If you are interested, try it out with a very small amount of BTC and be clear in your mind about the risks. If you know the risks, it is actually quite safe to try it out.



The risks (for sellers only) that would have the most serious outcomes are:

xCoins exit scam: running off with your balance.
Always a possibility with any new site. Never keep a significant balance at xCoins. Transfer small amounts, sell, repeat.

xCoins exit scam: Huge influx of chargebacks initiated by xCoins.
Highly unlikely, probably impossible IMO. This would require all buyers to be either fakes or acting in unison with xCoins. Lenders actually get photos and IDs of the borrowers. It would be difficult to create fake people that on that scale.



Other risks include:
Occasional chargebacks from fraudulent buyers.
This happens, no avoiding it. Just the cost of doing business. Factor it into your profits. Scammers who make it through the vetting process get perma-banned once they try this. You will win some PayPal cases and lose some.

PayPal closing your account
Again, this happens to some users and is one of the biggest concerns. Try to avoid spikes in volume passing through PayPal. There are ways of reducing this risk, so make sure you read up on them before lending. xCoins are implementing alternative payment processors soon though, so this will no longer be an issue, I hope.



For buyers, there are almost no risks. You pay and receive your BTC to your wallet quickly. Since this is irreversible, you are particularly safe. The only issue is when the BTC are not automatically released due to a bug/glitch. This happens some times (you hear about it on the forums), and is always resolved. Sometimes this takes a while; xCoins is a new platform and support can be frustratingly slow at times.

This is the result of my experiences on the platform so far and I think covers it (though I may have missed something). I'm happy to answer any other questions that you may have.



If you think any this has helped you, feel free to tip or use the promotional code hel7ly when registering at https://xcoins.io/?r=hel7ly

A fairly new system like this it is best to wait for a year just as you subscribe to do especially when it has to do with paypal. Charge backs can be done up to 6 months so why risk it with a business that has been around for 3 months?   Since late July/August I believe.

Yes, definitely I have some questions about this service. Which is more interesting it seems that almost everyone who tested this service are newbies.
Literally, there is no one with higher forum status to post any kind of review or opinion about this service. Weird.
I am not gonna try Xcoins now - I will wait, if this service will survive +1 year I will take my chances with it.

How do you make profit just by depositing bitcoins and keeping your fingers crossed? Sounds too good to be true.

Well, I tried them and havent had one glitch. Now using their service exclusivly. Over 30 Buyers in a week... not one chargeback, I had an ebay auction where every buyer was fraudulent and ebay still charged me $160 for the listing. You can literally buy bitcoin at markey value, deposit it and make 15% in a day or 2. I see a few users in the forum complaining about a few things but I think there are many more happy customers.

That's very annoying - sorry to hear you've had to put up with all that hassle. The system works so well.... until it doesn't. Then you have to deal with xCoins support, which can take days. It appears, since they are a new platform, they are mainly focusing on buyer vetting and feature development, but leaving themselves understaffed in the support department. Not a good idea if you want to retain customers, but you'll get your issue resolved. In my experience, everyone does (eventually).

PayPal allows chargebacks, true. Often they resolve the dispute in the seller's favor. Sometimes this is automatic (i.e. requiring no input from the seller) and sometimes it is necessary for the seller to present the digitally signed contract and photo ID of the buyer. It does happen that the buyer (read "scammer") wins the dispute. In this case, the 50% profit guarantee program kicks in, the seller is reimbursed (up to a point) and the fraudulent buyer is perma-banned from xCoins. It is impossible to eliminate charge-backs using the current system, but the risks can be managed.

Regarding price fluctations, unless the price moves by >15%* between when you buy and when you sell, you profit. Best to think of this as an arbitrage system - I would recommend users pay at least some attention to what's happening and maybe keep enough $ on an exchange to re-purchase what you sell.

* I say 15%, but in reality, due to fees and commissions, your profit will be a little lower. You can use this promotional code when signing up to reduce your fees: hel7ly

Hope this helps a little.... happy to answer any other questions if I can....

Yep. It is not sent to the wallet you want it sent to. It is sent to an account wallet, then you withdraw it from there. My problem is STILL not fixed and will likely take 2 weeks again. Hate this site so much right now.

Paypal has Charge Backs and how do you handle the price fluctuations and differences every minute or seconds? Would you be able to make a profit?