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1  Economy / Service Announcements / Re: XCOINS.IO Automates the Process of Making Money with Bitcoin [OFFICIAL] on: September 20, 2016, 01:01:06 PM
Unless we find a buyer,where will our bitcoins be kept? Will we have to submit our bitcoins to your site before posting a sell order?
How is buyer protected if he pays directly to seller and seller,in turn,doesn't send him bitcoin?Do you escrow in all transactions?

Once Bitcoins are deposited in a Xcoins wallet, you're able to set the types of offers you're willing to make (i.e. loans up to $100 worth of bitcoins at 15% interest) There is a also a parameter to let you set a required "level of trustworthiness" of the borrower, but i am not sure what it specifically means.
 
The rest is automated. When the system finds a match, a transaction is made upon approval of payment. Yes, there are potential chargebacks, and according to posts on their forum, it does happen often. But hey, isn't it normal that such high margins commands a fair amount of risk?

The one thing that I find more bothersome is the lack of transparency on the company itself. Apart from a press release, there is very little to no information on xcoins or who's behind it.


 
2  Economy / Service Announcements / Re: XCOINS.IO Automates the Process of Making Money with Bitcoin [OFFICIAL] on: September 19, 2016, 03:13:02 AM
all fiat funds will be clawed back up to a year after the transaction

Why is that?
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