3 months ago By Oluoma Aneke
As an investor, making the right choice of Crypto exchange is very important. There are many exchanges with different features and Xcoins.com is one of them.
Xcoins.com is a cryptocurrency exchange highly recommended for investors who are particular about the safety of their coins and also those who want to make easy and quick transactions.
Different exchanges have their primary goal for being launched, and Xcoins was primarily launched to make crypto buying and selling easy for both new and old investors. Should you trade with Xcoins.com? Is it legit?
In this article, we will guide you through the pros and cons of Xcoins.com and give you insights on whether to trade on it or not.
Xcoins.com is a platform founded in 2016 with the sole aim of making Crypto transactions easy and fast for all its users. Xcoins is run by Company CF which is the parent company.
It was started as a beginner platform and now records over 2500, 000 customers with $250,000,000 in digital cash and also operates in over 167 countries.
You can click the support page to check if your country is among. Xcoins.com complies with the European regulations like anti-money laundering (AML), and European Union Data Protection (GDPR) policy.
In addition to this, Xcoins.com also received a class 3 virtual Financial Asset (VFA) License which was issued by the Malta Financial Services Authority (MFSA). Xcoins is one of the first cryptocurrencies to receive this license.
With coins, you can buy and sell your Cryptocurrency using Mastercard, Visa, SEPA, faster payment, or other payment methods. Your best choice will depend on the country or region where you decide.
Therefore, if you are looking to get your Cryptocurrency in the safest way possible, Xcoins.com is the best platform for you. Xcoins has the best exchange rates when compared to other instant cryptocurrency exchanges.
You are also the one responsible for managing your private keys, unlike other instant exchanges that use third parties to secure coins.
Fees overview – operates with a straightforward fee structure. The transactions are performed with a low fee.Xcoins.com low fee can compete with that of other instant exchanges. Xcoins placed a standard rate for Visa or Mastercard bank transfers.
Account opening – to use the services, you will need to go through the process of account opening like other exchanges.
When you visit Xcoins.com
Fill in the important documents like your mobile number and email for verification. The verification will take about 2 minutes.
After your email verification, you will continue to the site to verify your identity.
For your identity verification, you need a driving license, passport, national ID, and selfie (proof of living).
This process of verification takes only a few minutes to complete and then you will be ready to trade.
Customer Service– when trading or transacting, you are never alone. Xcoins.com has a very good customer support culture. You can always get in touch with Customer support through live chats, emails, and phone at every point in the day because they operate 24/7.
You can also seek answers from the extensive knowledge base that provides answers to the customer's question. Be sure to get an answer within 1 hour of sending your request. If you want to make a contact in the quickest way possible, then place a call.
Click here to contact the help center
email@example.com to contact them through email or skype
Phone: US: +888 71COINS / International: +(1305) 946 1796
Managing your account – the mobile app is not yet functional so the only way to access your account is through the web platform. You can always have easy access and navigation of the website not minding the phone you are using because the website is mobile responsive.
Security overview – The exchange does not use or offer digital wallet services because it is a non-custodial cryptocurrency broker. The exchange is highly secure because not offering digital wallet services keeps them away from brokers making them more secure than most centralized exchanges.
Buying and selling require you to have your private wallet and also manage your private keys. To do this, you will need a hardware or software wallet depending on the one most suitable for you. For hardware wallets, you can try Trezor or Ledger.
You can also select a web or software wallet according to the cryptocurrency you selected. This software and hardware wallet are very good measures against hackers which explains why there have been no issues of hacking.
Xcoins records all your data and transactions in your account. This means that if anything happens to your account, it will be a huge loss.
To avoid this, ensure that you do the two-factor authentication and use a password unique to only you. However, although they offer strict KYC measures, you should do your part to keep your account safe.
Withdrawal and Deposit Methods – While using the exchange, you won’t have to deposit or withdraw into your exchange account. The platform will always send your coins directly to your private wallet. So Xcoins is said to be a broker between you and your coin vendors.
Offers a low exchange rate - Xcoins boasts of a low exchange rate for transactions. However, these exchange rates depend to some extent on the mode of payment employed. Debit or Credit cards usually attract additional payment processing fees. This fee is charged by the payment service providers.
Instant delivery - once you make an order with Xcoins, expect it to be processed within 15 minutes. This is a fast transaction. Another spec to the quick transaction is that if you experience a delay in your order processing, the exchange will ensure that your next order will be free of charge. So, if you are looking for an exchange that guarantees fast transactions, you can consider Xcoins.com.
Quick verification process – Unlike some other exchanges that take a lot of time to verify your account, account verification is almost instant. The verification takes only a few minutes to complete.
Easy user interface – the platform was designed to be easy for both beginners and experienced traders. Navigating the website is not difficult and it makes the trading experience interesting and easy.
Limited payment methods – not being able to use multiple payment methods can be very inconvenient for crypto traders and investors. You are only limited to the payment method made available by Xcoins.
Low privacy – the security of Xcoins is high but it is deeply flawed when it comes to privacy. Xcoins stores all your data and transactions in your account, so it can be available to anyone with your private keys.
A limited number of Cryptocurrencies - With Xcoins, you only have a few Cryptocurrencies you can purchase or sell with it. This means that even if Xcoins becomes your favorite platform, there are only a few cryptocurrencies you can trade in it.
Does not support advanced trading options – unlike other exchanges that allow for advanced trading options, Xcoins doesn’t have advanced trading options.
There are 6 exchanges available. You can buy any of these cryptocurrencies using Euros 9EUR), U.S dollars (USD), or pound sterling (GBP). Australian dollar (AUD), Turkish lira (TRY), and Canadian dollar (CAD). These cryptocurrencies include:
Bitcoin Cash (BCH)
To a great extent, your account is safe because of its non-custodial-regulated nature. All the measures put in place like not using a digital wallet and having strict KYC and AML measures are efficient. Also being the one to manage your private keys further emphasized how secure your cryptocurrency is with Xcoins.com.
Once you do your bid like enabling your two-factor authentication and keeping your private key safe, then you can be assured of the safety of your Cryptocurrency. However, it is advisable that when investing in Cryptocurrency no matter the exchange you are using, invest what you can afford to lose.
Xcoins.com is a legit crypto exchange that makes Crypto transactions easy and secure for its users starting from the account opening to other activities. While creating your account, ensure that you do all the right things to keep your crypto asset secure. Xcoins.com is very safe and easy to navigate, whether you are a beginner or an advanced trader, you will be able to navigate the site.