XCOINS.IO LEGIT OR SCAM

[TampaBayBucs]

Is this site legit? Can anyone provide any feedback regarding a positive experience with this site? getting conflicting reports on google. thx

[1714178347]

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[eckmar]

Is this site legit? Can anyone provide any feedback regarding a positive experience with this site? getting conflicting reports on google. thx

I can't say for XCOINS.IO specific but generally sites that share this business model end up being scam. I don't see real proof on their website of users in need of loan. But this scheme just deposit and earn will almost sure be scam. I would be safe and stay away from this

[TampaBayBucs]

Is this site legit? Can anyone provide any feedback regarding a positive experience with this site? getting conflicting reports on google. thx

I can't say for XCOINS.IO specific but generally sites that share this business model end up being scam. I don't see real proof on their website of users in need of loan. But this scheme just deposit and earn will almost sure be scam. I would be safe and stay away from this

Thx for the feedback...the search to find a legit site to purchase bitcoin & one my bank will approve of has reached a dead end. Local bitcoin semmed great until you read all the requirements the sellers require to make a purchase. Take a pic vertical & horizontal, jump through this hoop, now do a backflip...beyond frustrating @ this pt. thx again.

[electronicash]

they do have few threads in the forum, one is here which there were also people accusing of being scam. https://bitcointalk.org/index.php?topic=1575948.0

i certainly think the site could turned scam as well. if a site asks for money before anything else, it could be true.

[zend7]

Anything that offers you passive interest of 15-30% is an absolute scam. People should stop being so naive regarding these websites. Through their naivety those people are contributing to the scammers wealth and giving scammers incentive to open other such websites to rob even more people.

It has been said many times in this forum but I want to repeat again as I see people who never take notes.

The most sound investment of your coins is to keep them in your wallet, done.

[olubams]

Anything that offers you passive interest of 15-30% is an absolute scam. People should stop being so naive regarding these websites. Through their naivety those people are contributing to the scammers wealth and giving scammers incentive to open other such websites to rob even more people.

It has been said many times in this forum but I want to repeat again as I see people who never take notes.

The most sound investment of your coins is to keep them in your wallet, done.

You have said it all. Any site that promise any unreasonable returns with a short period of time is scam and if not scam currently, will eventually turn into one whether now or later. And op, good for you to have asked, I want to believe you have not put your funds there then coming here to ask, because eif that is the case, then its medicine after death. I have fallen victim and I won't forget the experience...

[eckmar]

Is this site legit? Can anyone provide any feedback regarding a positive experience with this site? getting conflicting reports on google. thx

I can't say for XCOINS.IO specific but generally sites that share this business model end up being scam. I don't see real proof on their website of users in need of loan. But this scheme just deposit and earn will almost sure be scam. I would be safe and stay away from this

Thx for the feedback...the search to find a legit site to purchase bitcoin & one my bank will approve of has reached a dead end. Local bitcoin semmed great until you read all the requirements the sellers require to make a purchase. Take a pic vertical & horizontal, jump through this hoop, now do a backflip...beyond frustrating @ this pt. thx again.

Well most exchanges will require you to do that. Keep in mind, if you were the seller would you sell your btc for someones paypal for example just like that if you know that they can reverse the transactions ? By asking for your ID there is less chance that service is scam

[thebatletbet]

what is bussness xcoins.io
cloud mining or what can get return to member
but xcoins.io support paypal so is problem you can dispute and back your money
all investment online, is nothing plan bussines nothing source income only wait to scam

[magemist]

offering upto 30% is a scam. have you ever heard of anyone paying you that for loaning on your coins?
you must of gone crazy if you think they will do that and survive even 5 months for they're running this long.
companys like virvox ask you to pay 30% for you to pay them for their coins.
so this xoins with wirex is just a joke. 

[jseverson]

Anything that offers you passive interest of 15-30% is an absolute scam. People should stop being so naive regarding these websites. Through their naivety those people are contributing to the scammers wealth and giving scammers incentive to open other such websites to rob even more people.

It has been said many times in this forum but I want to repeat again as I see people who never take notes.

The most sound investment of your coins is to keep them in your wallet, done.

I've search reviews about xcoins and seems that they are not legitimate there are so many users leaving negative feedback about their site. If you look at their website they also offer a loan and bitcoins exchanges. So please be aware I'm not accusing the site a scam but based on what i've read the site is untrustworthy.

[youdamushi]

The idea is not... Bad in itself.

I was looking at the site wondering "why didn't I ever read about that".
But clearly a 1% fee yeah, a 15%/30% is pure scam.

I would have maybe tried it with low interest. Cause the principle is worth trying, but it can be nothing but a huge usual ponzi scam...

[swogerino]

So this site is not legitimate for not last longer which in it's self is the a sign of it being a ponzi scheme.
I was looking into it when looking into getting a debit card to use for the site. But after reading this thread not anymore.

[froggie1000]

Is this site legit? Can anyone provide any feedback regarding a positive experience with this site? getting conflicting reports on google. thx

I wrote a fairly detailed review of my experiences using xCoins in the following thread if you want to check it out.

https://bitcointalk.org/index.php?topic=1779678.msg17906839#msg17906839

It covers most of what you need to know if you intend to use the platform...

[LittleBitFunny]

Well when you go on the website there's hardly any details about their actual service, just how to give them money, and that's pretty suspicious.

Plus the layout is the same as I've seen on scam sites before, I think.

Definitely not as obvious a scam as all this crap with promised returns, but I would stay away if I were you, could be a Ponzi.

[froggie1000]

Well when you go on the website there's hardly any details about their actual service, just how to give them money, and that's pretty suspicious.

Plus the layout is the same as I've seen on scam sites before, I think.

Definitely not as obvious a scam as all this crap with promised returns, but I would stay away if I were you, could be a Ponzi.

That's not actually true. They do have a full FAQ section on their website.

Also, a Ponzi scheme is a fraudulent investment operation where the operator pays returns to its investors from new capital paid by new investors, rather than from profit earned through legitimate sources. xCoins is a Bitcoin escrow platform who charge fees for matching buyers with sellers, providing verification and acting as a middleman for the trade, so I don't think you can really compare them.

[texasbread]

I have used Xcoin serveral times to buy and sale. It worked flawless I disagree with all the fees but its a business. I would not leave my funds on the site for more than 30 days in fear it would shut down but that was back in 2016. I have not had to use the site in 2017 but I can see it is still up amd running!!!

[xcoins-io]

My name is  and as the new Customer Relations/Lending Manager at xCoins, I wanted to introduce myself and clear up some of the confusion and misconception that has spread throughout this forum over the past few months.

xCoins operates very simliar to that of an exchange, where the exchange earns a commision based on every transaction. Like an exchange, our lenders earn a commision with every transaction they complete. This commision does not come from xCoins but rather from the people who borrow Bitcoin.  

In March alone, xCoins processed thousands of successful transactions between borrowers and lenders. With the vast majority of these borrowers serving as returning borrowers, one would question some of the “scam” and “ponzi” accusations getting tossed around so freely in this forum.

It’s rather unfortunate that more often than none, it’s only the negative feedback that gets blasted on the forum. While ponzi schemes are prevalent in the Bitcoin industry, it’s unfair to label xCoins as one because of a few bad apples attempting to cheat the system. xCoins does literally everything in our power to make sure our lenders are protected and don’t receive chargebacks. All potential borrowers must complete a verification process (to prove their identity) before they can borrow Bitcoin.

We have many satisfied lenders who have profited thousands of dollars from using xCoins and many, many borrowers who use our platform daily to borrow Bitcoin that they otherwise would not have access to. This service that we provide is hardly the operation of a ponzi.

I invite everyone to try xCoins out for themselves to determine the legitimacy of this company. We are located in Santa Monica, California, and can be found on all major Social Media platforms.

For a more in depth explanation of how lending works, please check out this link from our website:

https://xcoins.io/investors

You may also want to visit this thread where lenders have reported their experiences:

https://bitcointalk.org/index.php?topic=1575948.0
 
If you have any questions, please feel free to reach out to me. I can be reached via email.

Thank you kindly,

Jay

[Dmtripp27]

I've sused xcoins many times. Its a good site except the support really sucks. They don't really care about the customer. I've never had an issue with them not paying me but if something happens your looking at a few days before anything gets done. Like right now i've been tryign to get a response from the support for 2 days as i broke my phone and can not withdraw my bitcoin with the confirmation they send my phone. But i can't get support to respond.

So for the most part its a good site. However just don't expect when something arises to get anything done in a timely manner.

[blockcha1n]

My name is Jay Roseman and as the new Customer Relations/Lending Manager at xCoins, I wanted to introduce myself and clear up some of the confusion and misconception that has spread throughout this forum over the past few months.

xCoins operates very simliar to that of an exchange, where the exchange earns a commision based on every transaction. Like an exchange, our lenders earn a commision with every transaction they complete. This commision does not come from xCoins but rather from the people who borrow Bitcoin.  

In March alone, xCoins processed thousands of successful transactions between borrowers and lenders. With the vast majority of these borrowers serving as returning borrowers, one would question some of the “scam” and “ponzi” accusations getting tossed around so freely in this forum.

It’s rather unfortunate that more often than none, it’s only the negative feedback that gets blasted on the forum. While ponzi schemes are prevalent in the Bitcoin industry, it’s unfair to label xCoins as one because of a few bad apples attempting to cheat the system. xCoins does literally everything in our power to make sure our lenders are protected and don’t receive chargebacks. All potential borrowers must complete a verification process (to prove their identity) before they can borrow Bitcoin.

We have many satisfied lenders who have profited thousands of dollars from using xCoins and many, many borrowers who use our platform daily to borrow Bitcoin that they otherwise would not have access to. This service that we provide is hardly the operation of a ponzi.

I invite everyone to try xCoins out for themselves to determine the legitimacy of this company. We are located in Santa Monica, California, and can be found on all major Social Media platforms.

For a more in depth explanation of how lending works, please check out this link from our website:

https://xcoins.io/investors

You may also want to visit this thread where lenders have reported their experiences:

https://bitcointalk.org/index.php?topic=1575948.0
 
If you have any questions, please feel free to reach out to me. I can be reached via email at jroseman@xcoins.io.

Thank you kindly,

Jay

It is good for you to introduce yourself and put a face to the companies name.
And as a representative to the bitcoin talk forum community we now have a person too go to if any problems should arise and we can not get a hold of anybody at the support level for the technical side of things. You are a point of contact for us so the technical people can do their jobs in resolving trouble tickets and just gives that extra level of confidence in dealing with this highly risky payment method to use. Especially when dealing with a cryptocurrency exchange using their payment processing service which is obviously against their own payment system's t.o.s to use with.
As we all know they are reversible up to a long period of time and that is where the uncertainly lies when dealing with paypal transactions for bitcoin.

[MagicMike83]

Hi,
I use xcoins as a lender since 3 month.
I loose my money at this time and I'm sure i receive more PayPal disputes in the future.
I only hope don't receive disputes for all my transactions make by your site because maybe a lot of people are loosing money.
You have say me by your support, the lenders have 50% profit margin guarantee, can you tell me how you do that and if you refund the lenders in this situation ?
Thanks