Xcoins.com, not to be confused with xCoins.io, is a cryptocurrency exchange platform that offers Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), and Dogecoin (Doge). Users in over 167 countries can use a credit or debit card to buy crypto on the platform. The exchange offers high security and top-rated customer service. Read our full xcoins.com review to find out if it's right for you.
Ratings MethodologyBottom Line
Xcoins is a good fit for beginner cryptocurrency traders and it offers 24/7 customer service.
Fees:
The fees for buying cryptocurrency typically range between 4% and 6% of the total amount purchased. There is an additional fee of 3.9% for those paying with a credit or debit card.
Account Minimum:
The minimum order size is $50 for ETH and BTC, $40 for XRP, and $30 for DOGE, BCH, and LTC.
Full xcoins review
This cryptocurrency exchange is a good fit for: Beginner crypto investors and those who want good customer service.
ProsOpening an account and trading cryptocurrency is quick and easy for beginner crypto investors. You only need to provide your email address and mobile number to sign up. After these have been confirmed and the basic verification is complete, you can start to buy and sell cryptocurrency immediately.
You can buy the six different cryptos offered with a Visa or Mastercard credit or debit card. Xcoins will send the coins to your digital wallet within 15 minutes of payment approval, or your next transaction is fee-free. It states on its website that the average transaction time is only five minutes. It also offers a secure platform featuring instant crypto delivery.
24/7 customer serviceAs of June 20, 2022, xcoins.com states that its customer satisfaction is 94.6% out of 100% and it has a 4.7 satisfaction rating out of 5. It provides live support, 24/7, via instant chat, email, and phone.
Instant cash-outXcoins recently launched the "instant cash-out" feature. This allows users to cash out their cryptocurrency coins to their debit or credit card within a few minutes with almost no additional cost. Users get instant access to their cash without the several day waiting period most traditional banks have. Users do not have to link their bank account.
Per Rob Frye, xcoins' CEO, "We are happy to be one of the few crypto exchanges that will offer instant cashout to all major credit or debit cards. Being a crypto user myself, I understand how important it is to gain access to your funds fast when you want to sell your crypto securely."
What could be improved Limited cryptocurrencies availableXcoins only offers six cryptos to buy and sell. In comparison, other crypto exchanges offer up to 500 different cryptos.
High fee for credit and debit card purchasesIn addition to the 4% to 6% fee for purchasing crypto on the exchange, there is an additional 3.9% processing fee for using a credit or debit card. For example, this equals a $39 fee for a $1,000 purchase. These fees can add up over time.
Limited ways to purchase cryptoInvestors in the U.S. can only purchase crypto using a credit card or debit card. In January 2018, Visa and Mastercard decided to consider all cryptocurrency transactions as cash, so the payment for purchasing crypto is considered a cash advance fee. This is why your bank may sometimes decide that your payment is a cash transaction. Cash advance fees can be very high, with 5% as a typical fee. You will also have to pay a higher interest rate on credit card cash advances.
Alternatives to consider
If you want to trade crypto and stocks on a mobile app: Robinhood gives you the best of both worlds. It offers commission-free trading on stocks and crypto. It also has a limited number of cryptocurrencies on offer. Robinhood is best for beginner crypto investors and those who want to trade on a mobile app.
If you want to earn interest on your crypto: Gemini is an exchange where you can earn high interest rates. The exchange's Gemini Earn program is a passive way to earn income from your crypto holdings. This is a highly rated cryptocurrency exchange, with robust educational resources and security.
How xcoins works
Opening an xcoins.com account is quick and easy. All you need to provide is your email address and mobile number. Once these have been confirmed, you just need to go through basic verification and you'll be ready to start buying and selling cryptocurrency. You can opt to go through a further identification verification process later if you decide you want to increase your transaction limits.
The verification process at xcoins.com is standard practice in the financial sector and a requirement for regulators across the world. It stems from protocols known as KYC (Know Your Customer) and CDD (Customer Due Diligence), which are anti-fraud and anti-laundering measures. When you're asked to verify your identity with an ID card, proof of address, or other registration documents, it's a sign that you're dealing with a legitimate company.
After you have uploaded your ID for verification, xcoins.com will start the verification process within a few minutes. If you have not heard back that you've been verified, you can contact the dedicated customer support service 24/7. After your account is open, you can buy, sell, or exchange the cryptos available on the service. On the website, you click "Buy," choose the coins you want to buy and how many, then enter your wallet address and your payment details. The minimum order size is $50 for ETH and BTC, $40 for XRP, and $30 for DOGE, BCH, and LTC. After the transaction is completed, you will receive your coins in your digital wallet within 15 minutes of payment approval.
Fees overview
Xcoins is transparent in its fee structure and there are no hidden fees. Any fees you're charged will be displayed in the final step of your purchasing process, and it's up to you to confirm if you want to place the order.
The fees for buying cryptocurrency typically range from 4%-6% of the total purchase amount. There is an additional 3.9% processing fee if you're paying with a credit or debit card. The 3.9% processing fee is waived for the first purchase made on the exchange. There may also be fees that your bank charges. These can be a cash advance fee or an exchange rate fee.
Cryptocurrency selection
Xcoins.com only offers six cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), and Dogecoin (Doge). There are currently no other currencies on the exchange.
Is your cryptocurrency safe with xcoins?
Your money is safe with xcoins.com. Xcoins.com was founded in 2016 in Malta and is a fully regulated crypto exchange. It was one of the first cryptocurrency exchanges to be licensed by the Malta Financial Services Authority (MFSA) and it holds a Class 3 Virtual Financial Assets (VFA) License.
This means it has met the standards under a regulatory framework. The MFSA sets a strict set of conditions to prove that xcoins provides a secure and compliant crypto trading environment. Xcoins.com also has two-factor authentication (2FA), which means you will have to present two pieces of identity verification to gain access to your account. 2FA protocols are used to ensure a higher level of security, keeping your accounts and crypto wallets safe.
Xcoins is right for you if: