XCOINS.IO Automates the Process of Making Money with Bitcoin [OFFICIAL]

[stancarrott]

It does actually work... but it's not perfect yet.

I've been using xCoins for nearly a month now and I've cashed out profit. It's a pretty good system - you can fully automate your "lending" (read: selling) with minimal effort for around 15% ROI on all BTC passed through the system.

Charge-backs are indeed an issue and can wipe out your profits. However, as mentioned above, xCoins have recently introduced a scheme where they automatically cover all losses due to charge-backs/fraud until you are back to at least 50% profit. This can be considered insurance, designed to cover any early stage lenders who are unlucky enough to hit get with a charge-back early on, prior to making much profit. xCoins say most people who have been using the system for a while are in profit anyway as the CB rate is relatively low.

Other risks include PayPal closing your account due to "high risk" activities. This risk is decreasing with time, I think, as PP now has relationships with Coinbase etc. now and seem to be softening their stance on BTC. Still, it's recommended to start lending in low volumes, and slowly increase it so as not to raise flags/alarms. Also, don't withdraw big sums from PP immediately - always leave enough $ in the PP account to cover possible CBs - this will goes some way to re-assuring PP.

I know that it is a top priority of xCoins to find another payment processor that is more BTC friendly and doesn't allow CBs (or at least provides decent seller protection), but in the meantime 15% ROI on all BTC that you sell via xCoins is likely worth the risks.

Finally... counter-party risk. As always, don't store lots coins on the exchange. Transfer a small amount of BTC and start lending. Replenish balance when empty.



TLDR:
xCoins seems legit, and there's potential for an easy profit - but start with small volumes, assess the risk/reward ratio, read the forums and decide for yourself.

Oh, and use the following promotion code when joining up for up to 25% discount off all commission fees: jbh184

[hernandez041182]

I love this site and it has not been faulty in anyway! For 2 months straight, every amount i have put in has paid 15% to my Paypal.  Thank you for providing a service to generate extra income for me and my family. Thank you! I would also like to tell the people above who comment without knowledge of the product to do some research before saying something is a scam!

[ThisSucks]

Used xcoins many times without issue until I had an issue with one order where I paid and nothing happened. Contacted support and they responded quickly saying I should contact PayPal as the order didn't go through. Okay! I did that and PayPal says it did go through. That was 6 days ago. I have no money and no bitcoins. Terrible customer support. Do not use this site! I am about to report them to every legal authority I can. Scammers!

[LLec]

Looking for a company that can provide this service.
Was just about to use this service but after seeing the last reviewer and his experience now I thinking i will not right now.

[mu77aL]

This seems really fishy be aware guys! 

[crazyivan]

It does actually work... but it's not perfect yet.

I've been using xCoins for nearly a month now and I've cashed out profit. It's a pretty good system - you can fully automate your "lending" (read: selling) with minimal effort for around 15% ROI on all BTC passed through the system.

Charge-backs are indeed an issue and can wipe out your profits. However, as mentioned above, xCoins have recently introduced a scheme where they automatically cover all losses due to charge-backs/fraud until you are back to at least 50% profit. This can be considered insurance, designed to cover any early stage lenders who are unlucky enough to hit get with a charge-back early on, prior to making much profit. xCoins say most people who have been using the system for a while are in profit anyway as the CB rate is relatively low.

Other risks include PayPal closing your account due to "high risk" activities. This risk is decreasing with time, I think, as PP now has relationships with Coinbase etc. now and seem to be softening their stance on BTC. Still, it's recommended to start lending in low volumes, and slowly increase it so as not to raise flags/alarms. Also, don't withdraw big sums from PP immediately - always leave enough $ in the PP account to cover possible CBs - this will goes some way to re-assuring PP.

I know that it is a top priority of xCoins to find another payment processor that is more BTC friendly and doesn't allow CBs (or at least provides decent seller protection), but in the meantime 15% ROI on all BTC that you sell via xCoins is likely worth the risks.

Finally... counter-party risk. As always, don't store lots coins on the exchange. Transfer a small amount of BTC and start lending. Replenish balance when empty.



TLDR:
xCoins seems legit, and there's potential for an easy profit - but start with small volumes, assess the risk/reward ratio, read the forums and decide for yourself.

Oh, and use the following promotion code when joining up for up to 25% discount off all commission fees: jbh184

Well this does provide more info but I d like to hear more reviews from people who have tested this service. Especially from people with higher trust and post count. Nothing against you personally but I have my doubts when reading stuff from people who re still relatively green in crypto. So, anyone else who s been using this? Images? Proof?

[hernandez041182]

Date   Site Transaction #:           PayPal Payment ID:   Paid2PayPal:  Purchase    Bitcoin Paid:   Profit:
                     
09/23/16   CYBUKGNN4H      89S45048XT658210N   $12.92   $10.00       0.01798922        $1.50
09/30/16   LAGJB9J2Y4   Noelle     0XG29860A4006022E    $20.49   $16.00       0.0283969        $2.40
09/30/16   Y7JY5REZTK           35418514LH368245N    $56.30   $44.38   0.07821504      $6.66
10/01/16   E5IF4TPT3W           0CA49768B1743150Y   $63.39   $50.00   0.0875507        $7.50
10/03/16   4K2C28LXNR       0BS39368KT402160Y    $50.77   $40.00   0.07043291      $6.00
10/03/16   HST6EVEE8G           26K18565AP016012N    $44.47   $35.00   0.06173093        $5.25
10/03/16   FUPOWQGI9D           02C203536K346831R    $45.73   $36.00   0.06334293        $5.40
10/03/16   O3TRHLHKNJ      3AN90351G7393082W    $31.84   $25.00   0.04395002        $3.75
10/03/16   6AIU8XUMV4       63W81688J86635311    $38.16   $30.00   0.05280998        $4.50
10/04/16   J68PZAITRE                   19U51794C7946150J    $38.16   $30.00   0.05307244        $4.50
10/04/16   H97WWR9UVJ       1VU04504KS008824A    $126.47   $100.00   0.17684702      $15.00
10/04/16   LU1OC1K9JU      423941954C700813S    $24.28   $19.00   0.03363857        $2.85
10/13/16   GM6T5X1FU0           46W9416940128753P    $31.84   $25.00   0.04231017        $3.75
10/13/16   5CFCP9JPMN           2BY58305PC0941449    $12.92   $10.00   0.01692407        $1.50
10/13/16   9AM2VVZQQ1           6WJ98356TB390733C   $50.77   $40.00   0.06762708        $6.00
10/13/16   DIGRCNST5Z           8NU78120EV264101A    $19.24   $15.00   0.02545665        $2.25
10/13/16   OS0RDMXL4J           2M2108989P2705057    $63.39   $50.00   0.08458573        $7.50
10/13/16   CETTVJ4QW2      1SA0979483131553X    $25.86   $20.25   0.03423675        $3.04
10/13/16   DUHJQHVUQP      1N385045HB699132K    $76.00   $60.00   0.10144221        $9.00
10/13/16   G9BISODNJC      45T07579CP3174733    $43.95   $34.60   0.05855359        $5.19
10/14/16   VFCY60F4TG      5GD330905V4800815    $63.39   $50.00   0.08477918        $7.50
10/14/16   OQOZ6O3NER      5RV9930563929913H    $12.92   $10.00   0.01696173        $1.50
10/14/16   2FLNZK2N5L      1UB40667S0926000T    $101.24   $80.00   0.13412351        $12.00
10/15/16   1GTG7PVL4I      2RG70340WR2993908    $40.68   $32.00   0.0537584        $4.80
10/15/16   OKT73K0CRZ      6YS53796X3328053K    $151.70   $120.00   0.2019443        $18.00
10/15/16   T20NODFTXN      29T31588YW3555354    $12.92   $10.00   0.01688685        $1.50
10/18/16   1PTB7YIQEZ      7EB25905HH128561E    $19.24   $15.00   0.0253937        $2.25
10/19/16   KCAASCXW7V      9GU29007PV788340D    $38.16   $30.00   0.0507874        $4.50
10/19/16   DWDK0VLQS4      9SP883140D477301E    $33.11   $26.00   0.04465569        $3.90
10/19/16   BKGLMOL2D7      56711569HT323782U    $12.92   $10.00   0.01688924        $1.50
10/19/16   KT2AHY15FP      65E57038WV8450813    $50.77   $40.00   0.0685401        $6.00
10/19/16   FCOQ5YSIQ4      6HS87002SY6316428    $82.31   $65.00   0.11126947        $9.75
10/19/16   2MTTV962L6      25H506807V757490D    $31.84   $25.00   0.04279527        $3.75
10/19/16   T8UH2JEJY3      6DM23982RD721510Y    $31.85   $25.00   0.04292925        $3.75
                     
                     
                                                            $1,560.00   $1,228.23   2.110827        $184.24

Here is my transactions without any problems.  Im glad people are staying away!  More sales for me

[stancarrott]

Well this does provide more info but I d like to hear more reviews from people who have tested this service. Especially from people with higher trust and post count. Nothing against you personally but I have my doubts when reading stuff from people who re still relatively green in crypto. So, anyone else who s been using this? Images? Proof?

I understand that you may not trust my review, no offence taken. It's true that I don't have a high post count. However, I've been a member/lurker here for nearly 3 years now and I bought my first Bitcoin 4 years ago, so I'm not exactly "green", but nor am I a grizzled old veteran. I just don't post unless I feel I can contribute (there is far too much white noise on this site). I'm linking a screen grab of some of my xCoins transactions - perhaps that may suffice to convince you that I'm not a shill.

http://imgur.com/a/SbAXg

Anyway, bear in mind that I'm not necessarily recommending xcoins.io, but my experience has been mostly positive (I've been luckier than some). Also, I'm more knowledgeable about this platform than most, as I'm an active lender and member of both the private lenders forums and chat channels. Personally, I'm convinced it's not a scam site, but it is new and it is not yet as professional as it could be.

As I mentioned before, there are several obvious risks involved, so, as always, do your due diligence. xCoins fees are higher than you may be used to (as I said, you can use the promotion code jbh184 on registration to mitigate this). Also, customer service at xCoins is definitely lacking; xCoins seem to be under-staffed in that department, but they seem to be trying pretty hard and the system is mostly automated and effortless (when it works as it should).

The poster above who claims it is a scam is 100% wrong - that incident is most likely a result of poor customer service, not intentional fraud, and that poster is just frustrated and venting. There are no genuine incidents of fraud that I'm aware of (and I'm paying close attention - my money is at risk). I don't blame the poster though, there definitely have been periods lasting for several days with no word from customer support. Usually, they come back and launch a new feature they have been working on, then they deal with the outstanding support issues (hardly an ideal way of doing business). However, I opened a support ticket today and had a response within 30 mins, so things seem to be improving.

Hope this all helps a little.

[redwraith]

Well this does provide more info but I d like to hear more reviews from people who have tested this service. Especially from people with higher trust and post count. Nothing against you personally but I have my doubts when reading stuff from people who re still relatively green in crypto. So, anyone else who s been using this? Images? Proof?

I understand that you may not trust my review, no offence taken. It's true that I don't have a high post count. However, I've been a member/lurker here for nearly 3 years now and I bought my first Bitcoin 4 years ago, so I'm not exactly "green", but nor am I a grizzled old veteran. I just don't post unless I feel I can contribute (there is far too much white noise on this site). I'm linking a screen grab of some of my xCoins transactions - perhaps that may suffice to convince you that I'm not a shill.

http://imgur.com/a/SbAXg

Anyway, bear in mind that I'm not necessarily recommending xcoins.io, but my experience has been mostly positive (I've been luckier than some). Also, I'm more knowledgeable about this platform than most, as I'm an active lender and member of both the private lenders forums and chat channels. Personally, I'm convinced it's not a scam site, but it is new and it is not yet as professional as it could be.

As I mentioned before, there are several obvious risks involved, so, as always, do your due diligence. xCoins fees are higher than you may be used to (as I said, you can use the promotion code jbh184 on registration to mitigate this). Also, customer service at xCoins is definitely lacking; xCoins seem to be under-staffed in that department, but they seem to be trying pretty hard and the system is mostly automated and effortless (when it works as it should).

The poster above who claims it is a scam is 100% wrong - that incident is most likely a result of poor customer service, not intentional fraud, and that poster is just frustrated and venting. There are no genuine incidents of fraud that I'm aware of (and I'm paying close attention - my money is at risk). I don't blame the poster though, there definitely have been periods lasting for several days with no word from customer support. Usually, they come back and launch a new feature they have been working on, then they deal with the outstanding support issues (hardly an ideal way of doing business). However, I opened a support ticket today and had a response within 30 mins, so things seem to be improving.

Hope this all helps a little.

I second this post.  This service rocks, but like has already been said, it has occasional glitches, but is definitely not a scam

[stancarrott]

There are no genuine incidents of fraud that I'm aware of

Just to clarify this.... I mean that I've encountered no incidences of fraud by xCoins.io. There are indeed incidences of scammers looking to steal Bitcoin by initiating a dispute with PayPal after receiving their BTC to try get their $ back through charge-backs. However, the buyer verification process on xCoins is pretty good.

It appears that PayPal accept the evidence package provided by xCoins (photo ID, digitally signed contract, blockchain transaction details etc) and sides with the seller in many of the disputes. Whether the scammer wins or loses the dispute, they will be banned permanently from xCoins and will probably have their PayPal account flagged as a potential fraudster, thereby limiting their chances in future. Occasionally a report will be filed with local police/authorities and legal proceedings may ensue. All this helps to make the platform unattractive to fraudsters, as I don't think they can do well at xCoins, and results in an acceptably low (personal opinion) charge-back rate. It will happen though. xCoins will refund some of the disputes that you lose (as part of their 50% profit margin guarantee program), but sellers need to consider the implications of this.

For buyers, there is almost no risk IMO. Buyers pay by convenient methods such as credit card or PayPal. xCoins acts as an escrow service - once the seller receives the PayPal payment, xCoins releases the Bitcoin. The lender cannot prevent this and it is mostly automated (the funds are generally captured automatically in PayPal and the BTC released). This makes the system particularly safe for buyers.

[hernandez041182]

I believe it was because the seller did not manually release from PayPal.  I told him to send an email to the seller.  Haven't heard back from him so maybe that was it!

[zoonosis]

Interesting service, might check it out. The whole chargeback thing worries me though.

Has anyone had to deal with a charge back that can detail the steps they took to win the case as an investor?

[zeaderza]

So it require to deposit money first to get paid? Mean it is just an hype type of site and possibly a ponzi site.
all these type of sites I've used before scammed me. they require you to invest some money and give you some interest on daily or monthly bases, but at the time they don't pay.

what is the specialty of your site?

Their specialty is to scam nothing else more and how could they give 15-30% generate commision in their site are they selling gold? Selling real estate? Or anything have cost and make them a lot of money. And this thing is surely one of the existing fraud attemp here so we'd better be more aware and stay out of this scheme.

Yeah you made it right. It is high advisable that one shoud avoid all this kind of ponzi schemes because they are very professional in the way they create things that will convince you they are really hiding themselves from not showing that they are fake. It is good to make a very wise thinking before you consider them.

[stancarrott]

Interesting service, might check it out. The whole chargeback thing worries me though.

Has anyone had to deal with a charge back that can detail the steps they took to win the case as an investor?

I've asked many users that question myself. Usually they describe following exactly the same process (i.e. using the same email template response and providing the same package of evidence), but with completely different outcomes. I've heard of some people winning all their disputes and others losing all theirs.

PayPal seems to be very inconsistent on these matters. It appears it may be dependent on which rep you get. However, I also expect that there are other variables that make a big difference, such as how long you have had the PayPal account and whether your account just displayed a massive spike in volume (do not let that happen).

[stancarrott]

....It is high advisable that one shoud avoid all this kind of ponzi schemes....

Hmm. No offence, but it appears you don't really know what xCoins is. Or what a Ponzi scheme is.

[Daffadile]

15-30% -_-
Ya that is going to happen.
It is more like 1-3% which is alot as well.
Otherwise pm me and prove me wrong. Lets see some facts and figures here son.
I see no reason for you to just keep my bitcoin and I never see or hear from you again. How must I trust your website? Why should I ?

[LLec]

This seems really fishy be aware guys! 

In what way does it seem to be an unreliable way to buy bitcoins?
There is alot of proofs posted that show their claims that this is an efficient way to purchase using a peer to peer method of doing it at a not so high rate.

[ThisSucks]

My situation was FINALLY resolved yesterday. The site is decent. It just has a few bugs and flaws. I can recommend it, I suppose!

[JasonXG]

Lol @ all the shill accounts saying how great this is without even giving any info about the  investment just blethering on about its greatness. We all know this is crap and no ammoint of shilling is going to change that fact. But you do try at least so I give you that.

[ThisSucks]

Not sure if that guy considers me a shill, but I don't care. Definitely not a shill. Definitely not recommending this site, either. It is absolutely terrible. I am now having a different problem and they are ridiculously unhelpful. I expect it to take 2 weeks to fix this problem as well and that is insane. I can't withdraw my coins! :/