xCoins offers you the green light once you’re interested in making Bitcoin transactions. xCoins offers bitcoin to the public through a unique peer-to-peer lending model that connects borrowers and lenders through a series of secure loans. You don’t have to panic about this because the process of you normally use for any of your exchange is still the same process of receiving Bitcoin on xCoins. I’ll just have to tell you how it works so you know how to purchase Bitcoin at xCoins.
Before you can be able to sign up to xCoins which is been done for free, you need properly examine what is involved and how the transactions are been done. Once you process your registration which takes some few minutes, you can be able to find a Bitcoin lender on the website. And one thing with the exchange is that you can get a Bitcoin via a secured loan, after which your payment is due on any PayPal method.
Although being a borrower and you decide not to get the Bitcoin again, you can still get back your money. If you decide to lend Bitcoin, you need to first make an enquiry on the loan fee and the PayPal processing fee. Irrespective of the fact that you’re able to decide and set your own personal interest rate as recognized by xCoins, but the site recommends that lenders should set their interest rate fee within the region of 15% for a start. So read below as this site has prepared for you all you need to know how to purchase Bitcoin at xCoins.
How to Purchase Bitcoin at xCoins and the Protocols Involved
Upon your registration at xCoins, you’ll get a 2-factor authentication model which is based on your email and phone number. Once you’ve finally received your confirmation code upon the registration, you’ll see the full list of countries that support the xCoins transactions.
Payment Methods accepted by xCoins
There are different payment methods that xCoins do support, and they include:
- Major credit cards like; Visa card, MasterCard, American Express and Discover
- Debit cards
- From bank accounts using the Automated Clearing House (ACH)
- PayPal Credit and Balance
Once you decide to make transactions at first instant, you’ll have to wait up to 3 hours once you process it by morning period let say 8 am and 6 pm. But if your purchase is been done at about the period from 6 pm and 8 am, then you’ll have to wait for like up to 12 hours for the process to go through.
Also, if you have any inquiry to make, there is also the customer support Help Desk which tends to help you. You are free to voice your opinion or probably ask questions relating to the website and wait for your quick answer which is always available 24/7.
In as much as the fact that this site is quite a genius, there’s nothing that doesn’t have its downside. So I’m going to brief you on the Pros and Cons (Merits & Demerits) of this site.
Pros of xCoins
- There is always an easy verification for you upon your registration.
- There is the presence of a good customer service and quick response.
- Users are bound to receive Bitcoin instantly once they make payment to the lender.
Cons of xCoins
- There is always a complaint about the website lacking extensive features.
- The maximum loan amount has been offered to borrowers is quite low.
- There has been a bad publicity about the website’s security measures, as in the case of 2017 when xCoins was hacked.
Visit the official site here >>> www.xcoins.com and order for your Bitcoin.
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