Quote from: Hazir on November 03, 2016, 01:01:05 AM

Yes, definitely I have some questions about this service. Which is more interesting it seems that almost everyone who tested this service are newbies.
Literally, there is no one with higher forum status to post any kind of review or opinion about this service. Weird.
I am not gonna try Xcoins now - I will wait, if this service will survive +1 year I will take my chances with it.

I actually joined this site to discuss xCoins.io, so my account is indeed new. I also want to disclose that I like the xCoins platform and I wish them success for trying something new and innovative. Therefore take that into account when considering the value of my advice and comments about the platform. However, none of that should actually matter, because you can (and should) independently fact-check my points below.

If you are interested, try it out with a very small amount of BTC and be clear in your mind about the risks. If you know the risks, it is actually quite safe to try it out.

The risks (for sellers only) that would have the most serious outcomes are:

xCoins exit scam: running off with your balance.
Always a possibility with any new site. Never keep a significant balance at xCoins. Transfer small amounts, sell, repeat.

xCoins exit scam: Huge influx of chargebacks initiated by xCoins.
Highly unlikely, probably impossible IMO. This would require all buyers to be either fakes or acting in unison with xCoins. Lenders actually get photos and IDs of the borrowers. It would be difficult to create fake people that on that scale.

Other risks include:
Occasional chargebacks from fraudulent buyers.
This happens, no avoiding it. Just the cost of doing business. Factor it into your profits. Scammers who make it through the vetting process get perma-banned once they try this. You will win some PayPal cases and lose some.

PayPal closing your account
Again, this happens to some users and is one of the biggest concerns. Try to avoid spikes in volume passing through PayPal. There are ways of reducing this risk, so make sure you read up on them before lending. xCoins are implementing alternative payment processors soon though, so this will no longer be an issue, I hope.

For buyers, there are almost no risks. You pay and receive your BTC to your wallet quickly. Since this is irreversible, you are particularly safe. The only issue is when the BTC are not automatically released due to a bug/glitch. This happens some times (you hear about it on the forums), and is always resolved. Sometimes this takes a while; xCoins is a new platform and support can be frustratingly slow at times.

This is the result of my experiences on the platform so far and I think covers it (though I may have missed something). I'm happy to answer any other questions that you may have.

If you think any this has helped you, feel free to tip or use the promotional code hel7ly when registering at https://xcoins.io/?r=hel7ly