Xcoins.io – review and feedback on the crypto exchange. Buy BTC with bank card

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How to buy cryptocurrency with a credit card

Your step-by-step guide to buying bitcoin and other cryptos with a credit or debit card.

Last updated: 5 September 2020


Buying bitcoin with a credit card is not only a simple and convenient way to purchase cryptocurrency, it’s also easier than ever before.

But how and where do you buy crypto with a credit or debit card, and are there any traps you should avoid? Keep reading to find out.

Where to buy cryptocurrency with credit/debit card in Australia

How to buy cryptocurrency with a credit card

  1. Register for an account with an exchange like Coinbase.
  2. Enable 2-factor authentication and verify your account.
  3. Click the “Buy/Sell” tab.
  4. Click “Add a payment method”.
  5. Select “Credit/Debit Card”
  6. Enter your credit/debit card information.
  7. Receive confirmation that your card has been successfully added.
  8. Click the “Buy/Sell” tab.
  9. Enter the details of your transaction.
  10. Review transaction details and buy cryptocurrency.

Go to Coinbase’s website

This is our quick guide to just one way to buy cryptocurrency with credit card. Compare some other options in the table above.

How to buy crypto with a credit/debit card

If you want to buy bitcoin with a credit or debit card, here’s a simple example with step-by-step instructions. The quickest and most convenient option for most people is to use a cryptocurrency broker, so let’s take a look at how to purchase bitcoin using your credit or debit card on Coinbase.

Step 1. Register for an account with Coinbase

Visit the Coinbase website and click “Sign up”. You’ll need to provide your name and email address and create a password to register.

Creating an account on Coinbase Coinbase Go to Coinbase’s website

Step 2. Verify your email address

Verifying your email address Coinbase

Step 3. Provide proof of ID
Step 4. Link your credit/debit card to your account

Under the “Buy/Sell” tab, click on “Add a payment method”.

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Link a credit/debit card Coinbase

Select credit/debit card and then enter the following details:

  • The name on your card
  • Card number
  • Expiry date
  • CVV
  • Your postcode

Enter your credit/debit card details Coinbase

Once you’ve entered your card details, Coinbase will make two temporary authorisations on the nominated card. You’ll need to verify the amount of these authorisations before you will receive confirmation that your card has been added.

Step 5. Buy crypto with your card
  • The cryptocurrency you want to buy
  • The amount you want to purchase
  • The card you’ll be using to fund the purchase
  • Where you would like the crypto you purchase to be deposited
Step 6. Review details and confirm

Review your purchase details Coinbase

What platforms can I use to buy crypto with a credit card?

There are three different types of services that allow credit card crypto purchases. Each option involves a slightly different approach and has its own pros and cons.

Cryptocurrency brokers

Cryptocurrency brokers offer a quick and easy way to buy bitcoin and other digital currencies. They buy cryptocurrency at wholesale rates and then sell it on to you for a profit, allowing you to buy crypto using fiat currency (eg, Australian dollars).

Brokers offer a simple and convenient entry point for crypto buyers, and many providers support purchases with either credit or debit card. Most brokers only allow you to buy cryptocurrency, but some also offer sell-side services.

The main downside of buying from a broker is that they tend to charge higher fees than other crypto-buying platforms, so the speed and convenience they offer come at a cost.

Cryptocurrency brokers that allow you to buy crypto with your credit card include Coinbase, Coinmama, Bitit, 247exchange and xCoins.

Cryptocurrency exchanges

These trading platforms allow you to buy and sell cryptocurrency with other users, and take a cut of all transactions by imposing trading fees. Many of these websites only allow crypto-to-crypto trading, but some also allow you to exchange fiat currency for digital currency and accept credit/debit card payments. You can trade using a limit or market order, while some platforms also offer advanced tools like stop-loss orders.

Compared to brokers, crypto exchanges tend to offer better exchange rates, lower trading fees and access to a wider range of digital currencies. However, their main drawback is that they’re usually a lot more complicated than buying through a broker, so anyone new to cryptocurrencies or online trading may find the process overwhelming.

There’s only a limited range of crypto exchanges that accept credit card deposits, but some platforms worth considering include CEX.IO, Changelly, Bitstamp, and Indacoin.

Peer-to-peer exchanges

These exchanges allow peer-to-peer trading between users all around the world. Sellers have the freedom to set their price and their chosen payment method, with the exchange acting as the middleman to help connect them with buyers.

Peer-to-peer exchanges generally offer fast and flexible trades, allowing you to buy crypto with a certain level of anonymity.

On the downside, using this type of platform usually means accepting a price above the market rate, as well as taking on a certain level of risk. However, some websites offer built-in escrow features and reputation systems to help legitimate buyers and sellers find one another.

LocalBitcoins and Paxful are two peer-to-peer exchanges that accept credit card payments.

Storing your crypto

Some crypto brokers and exchanges will immediately deposit the crypto you purchase into a wallet linked to their platform. Others will automatically transfer your crypto into a wallet address of your choice, so you’ll need to have a secure, private wallet set up in advance.

Whichever option your platform uses, keep in mind that storing your coins on an exchange is not recommended for security reasons, so transfer them into your own wallet as soon as possible if you don’t plan on making regular trades.

How much does it cost?

While buying crypto with a credit or debit card is generally quick and easy, it can also be quite expensive. This is because there are several fees that can contribute to the cost of your transaction, not only from the crypto broker but also from your card issuer. These charges can include:

  • Cash advance fee. Many card issuers treat a cryptocurrency purchase as a cash advance. This means your purchase will usually incur a cash advance fee and will also attract higher interest rates than normal purchases.
  • Exchange/broker fee. The platform you use to buy bitcoin or another crypto will impose its own transaction fee. These tend to range from 4-6%, but are higher in some cases.
  • Credit card surcharge. You may also be asked to pay a credit card surcharge on top of any other fees and commissions being charged, which on some platforms can lead to a total commission of 9 or even 10%. Australian law prohibits excessive credit card surcharges, but you won’t necessarily be buying under Australian law and some overseas services might charge significantly more.
  • Currency exchange fee. If you’re using an Australian credit card on an overseas exchange, you might be paying credit card currency conversion rates. A 0% foreign fee credit card might be useful for cutting costs.

Pros and cons

  • Quick and easy
  • Most platforms that allow credit card purchases are very user-friendly
  • Fast way to buy bitcoin and other currencies
  • Buy crypto directly with AUD
  • Ideal for beginners
  • High fees make buying with credit card an expensive option
  • Transaction limits may restrict the amount of crypto you can buy
  • Credit card purchases only usually available for the most popular cryptos
  • Not a good option if you want to trade anonymously

How to choose the right platform

Want to buy crypto with your credit card or debit card but don’t know which broker or exchange to use? Remember to take the following factors into account when comparing the available options:

  • Safety and security. Above all else, you want to be sure you’re dealing with a trusted and secure provider. Try to find out who’s behind the exchange, how it’s regulated and what security features it offers. For more info, check out the section titled: “Is it safe to buy crypto with a credit card?” that’s further down the page.
  • Cost. The convenience of buying crypto with a credit/debit card comes at a price, so take some time to compare the fees charged by different platforms before picking one. Keep in mind that some platforms have tiered fee structures, so fee percentages may drop if you make a larger purchase.
  • Supported currencies. Which cryptocurrencies does the platform allow you to buy using your credit card? Bitcoin and Ethereum are the two digital currencies that are most widely available, but some platforms will also allow you to buy a number of other coins. Don’t forget to also check whether the service accepts AUD, or whether it only welcomes payment in foreign currency.
  • Supported cards. Does the platform accept all major cards or will your Amex be rejected? Do you also have the option of paying with a debit card if you wish, or does it only accept credit cards?
  • Supported countries. Does the service accept Australian customers?
  • Ease of use. How easy is the platform to use? Does the purchasing process appear to be simple and straightforward from start to finish, or does the platform feature confusing instructions or a complicated user interface?
  • Community trust. What sort of reputation does the broker have? You can usually gain a fairly accurate idea of just how reputable a platform is by checking out online forums and independent user reviews.
  • Verification and signup process. What sort of personal details and ID will you need to provide before you can make a purchase? How long will the verification process take? Can you make purchases below a specified limit without having to verify your ID?
  • Transaction limits. What are the minimum and maximum amounts you can spend in any one transaction? Are there any other restrictions imposed, such as daily or monthly purchase limits?
  • Processing times. How long will it take for the crypto you purchase to arrive in your wallet? Will the funds be sent directly to your private crypto wallet, or will they be stored in a wallet on the exchange until you manually transfer them to private storage?
  • Sell-side services. Does the exchange also allow you to sell your cryptocurrency, or is it a buy-only service? If you can sell your crypto, it’s worth checking what fiat withdrawal methods are supported and whether any fees apply.
  • Customer support. Finally, find out when the provider’s customer support team is available and how you can get in contact with them. Do they have a good reputation for providing prompt and helpful support?

Is it safe to buy crypto with a credit card or debit card?

Generally speaking, it’s perfectly safe to buy cryptocurrency with a credit card – provided you buy from a trusted and reputable exchange or broker.

Make sure you thoroughly research the credentials of any platform before trusting it with your card information, because if you don’t feel comfortable giving a provider your credit card details, you shouldn’t feel comfortable buying cryptocurrency from them either.

So how can you find a suitable exchange and minimise the risks involved in paying for crypto with plastic? The tips below will not only help you stay safe but also avoid getting ripped off.

  • Check whether it’s secure. Make sure the platform’s web address starts with “https://” which means that all communications between your browser and the website are encrypted. It’s also a good idea to double-check that the URL is correct and that you haven’t inadvertently visited a scam site designed to look like the real thing.
  • Check what security features it offers. What other features does the platform offer to protect your funds? For example, does it support 2-factor authentication? Are client funds stored offline? Will the provider store your credit card details anywhere on its website or servers?
  • Check where the exchange is based. Finding out where an exchange platform is based can give you a better idea of how it is regulated and whether there are any measures in place to protect you against fraud. For example, Australian digital currency exchanges must be registered and enrolled with AUSTRAC, identify customers in line with anti-money laundering and counter-terrorism financing (AML/CTF) regulations, and report suspicious transactions or those above a certain threshold to AUSTRAC.
  • Read reviews. Check out independent user reviews and browse online forums to find out what sort of experiences other users have had with the platform. Did it deliver the service promised? Would they recommend it to friends and family?
  • Check the exchange rate. Take a look at how the exchange rate you’re getting compares to the current BTC/AUD market rate. This will help you calculate just how much your transaction will cost.
  • Check your interest rate. Most card issuers will classify a crypto purchase as a cash advance, which means higher-than-normal interest rates apply. To avoid getting in over your head, make sure you’re aware of how much interest you’ll accrue if you don’t pay your purchase off quickly.
  • Know the risks of buying crypto. You’ve probably heard and read plenty about the volatility of bitcoin and other cryptos, but don’t assume that the coins you’ll buy will increase in value enough to cover your purchase costs. In fact, never assume that your coins will increase in value at all digital currencies are complicated and speculative assets, and there’s every chance you could lose your money.

What’s next?

If you want to buy bitcoin or any other crypto with a credit card or debit card, start comparing the fees and features of the brokers and exchanges that offer this service. Once you’ve found the platform that’s right for you, visit its website and follow the prompts to get started.

xCoins.io Reviews

28 • Poor

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Reviews 28

Not worth the trouble

I had high hopes for this service. After several months of use, I’ve concluded it isn’t worth the trouble. Xcoins itself and their customer service department are quite good, in my experience, but the problem is their exclusive use of Paypal for payments. After reading about issues with Paypal, I opened a new Paypal account just for Xcoins use, so I wouldn’t destroy my personal account I’d had for years.
Issues: first, at any time after the purchase, buyers may request a chargeback, returning their BTC and debiting your account. Next, if you have high volume, at some point Paypal will lock up your account as suspicious. In my case, months after a transaction, the client made a fraudulent claim that their account had been used without their authorization, and sent a charge back to my account without returning the BTC they purchased. Paypal stated that because it is a BTC transaction, they will not support the seller. I contacted Xcoins, and they sent me a statement verifying the transaction, but Paypal charged my account and threatened to send me to collections if I did not pay the amount. Xcoins is aware of these issues, but continues to sign up new users, knowing you, not they, will take the loss if there is any Paypal issue. In my case, I took the loss and closed my Paypal account, and won’t use Xcoins again.

One of the most unprofessional “companies”

First I sign up and go through the whole verification hassle and after 80 minutes or so I receive an email that my ID was verified. Then I make a payment just to be informed that further verification is needed. First of all, what company demands verification AFTER payment. If you open a bank account you must verify before you can even deposit money. If you open an account on a payment processor platform they want you to verify yourself before you can send money. So in all cases this is supposed to be done BEFORE a customer pays. But somehow xcoins demands verification after payment (of course they get a hefty transaction fee for every payment). So after providing additional verification they just told me that their third party verification partner rejected all those documens without explaining why. A simple one-liner and that’s it. I advise everyone to read the reviews here and judge for themselves if it is worth wasting time on xcoins.

I apologize for the inconvenience caused. Customer security is of the utmost importance here at xCoins.io and as such we use third party verification systems to review all new customers. Normally accounts flagged by our third party verification systems would be denied at the verification process. It sounds like in your case information that was provided with your payment method is what was flagged by our verification systems.

Patrick Maher
Director of Customer Relations

Absolute scam. Stay very far away.

Absolute scam. Had PayPal reverse almost $3000 and account now negative.

I am sorry to hear you received payment reversals lending on our site. We provide many protections for our lenders to help with the issue of charge backs. First we provide dispute text for a lender to enter in PayPal in the case of a reversal, we also provide the loan documents showing the borrowers authorization for the transaction.

Secondly we have our 50% profit margin guarantee. If you receive a payment reversal which brings your profit margin below 50% we will reimburse you for the transaction which was reversed. With this guarantee it is impossible to loose any principle and at most half of your profit.

Please open a ticket in our helpdesk and one our support agents would be happy to assist you with our profit margin guarantee.

Patrick Maher
Director of Customer Relations

Their intent is good

Their intent is good. And for the most part, they have a decent model. They have really high fees, but that is expected to come with a service like this.

Their biggest, and really only downside is their terrible server management, the website is often really slow and sometimes doesn’t work at all. If you’re the type of person who expects a website to load after you’ve paid for something, using xCoins is more a gamble than buying crypto itself.

You know Flash the sloth from zootopia? He must be their server admin.

I am sorry to hear that you have experienced issues with our website loading. We were recently victim of a DDoS attack which caused many issues loading our site. This attack has since been thwarted by our system admin.

We have also recently upgraded our bitcoin node to help speed up transaction load times. If you experience any issues with our site loading we ask that you please open a helpdesk ticket, our support agents would be happy to help.

Patrick Maher
Director of Customer Relations

I’m flagged?

Kept saying a third party flagged me and some information came up on me, I guess I’m some type of major criminal or something

I apologize for any inconvenience caused, your transaction was automatically declined by our third party verification services. We would be happy to look into this issue for you. Please open a helpdesk ticket here: https://info.xcoins.io/helpdesk/

Patrick Maher
Director of Customer Relations

I’ve used xcoins since 2020

I’ve used xcoins since 2020, their service is great and have always had a very good experience indeed. Living in Asia I’ve had a heard time getting bitcoin struggling with other services but xcoins are so easy to use and the support are so helpful.
I highly recommend xcoins.


Process is clean and from my perspective there is nothing unusual. 5 stars!

Even Xcoins admits you will be scammed.

For my review i would like to refer to this April 16, 2020 reply to another customer on this review site issued by Xcoins themselves:

We are sorry to hear that your transaction was declined and you did not receive a refund. It looks like our last message to you was indicating that we have emailed your lender requesting a refund and if a refund is not received within a couple days you may need to dispute the charge within PayPal. You replied with a bunch expletives and did not indicate you needed further assistance.

Please be advised that we are a peer to peer business and with P2P there is often fraud or absence of action, in these cases we will need you to invoke your PayPal protections in order to refund the transaction (this situation does not happen often and is a rarity on our site). We greatly apologize for the hassle in this task but it is merely the nature of peer to peer business. Feel free to reach out for further assistance, we would be happy to help.

Please note that in the beginning of the second paragraph he admits there is OFTEN fraud and absence of actions. So by their own admission you are LIKELY to be scammed, and they LIKELY will NOT help. And because you are paying XCOINS fees in BTC, and then the customer reimburses you, you are the only one at risk. their profit is 100% safe from any of this. You would be safer selling your bitcoin on EBAY (dont do that either). Definitely a change of tone for them who preach rainbows and butterflies about their service.Take their word for it and stay away

We do not say that customers are likely to be scammed, we are simply stating that fraud and absence of action are common in peer to peer marketplaces. In cases of fraud both borrowers and lenders are protected, borrowers with PayPal’s buyer protections and lenders with our 50% profit margin guarantee. Please be advised we are also affected by any fraud on our site, we pay the lenders out of our profit for the 50% guarantee.

Frustrating customer service

Frustrating for being an affiliate I submitted already my ID plus selfie so many times yet I’m not been verified and they said they will have to asked for additional documents but never tell me what it is! Can someone help me : [email protected](.)com

Excellent customer service – 5 stars!

I have used xcoins.io for over a year now to and have found it to be a safe a reliable way to access the Bitcoin market from the comfort of my home. I would highly recommend it to anyone looking for a simple way to start accumulating Bitcoin (without having to be a technical genius). Speaking from my experience, their customer service is top notch and are there to assist you at any time if you have any questions or concerns. From me they have earned a 5 star rating.

Fast support and very professional

Best support and platform:

I’ve been into crypto-currencies, mining and trading since 2020 and I’ve dealt with most “if not all” the platforms out there.
I used xCoins.io to buy BTC and I faced couple of errors and reported them to the support.

I was surprised by the fast response and the professionalism I’ve received from them.

I also had another incident couple of days ago, and they were as always, fast and to the point, fixed my issue in exactly 7 minutes “using e-mails”.

I highly recommend them, and I am not sure how they’re not rated from the top 5.

one of the worst bitcoin companies

such a terrible experience. not only did it take them SEVEN TRIES to authenticate the SAME DRIVERS LICENSE. and once i did, they overcharged my for the transfer i made and wouldnt give me a straight answer over support. even the LOGIN PAGE doesnt work properly and constantly gives errors! one of the worst companies to go through.

I am sorry to hear that you had a sub par experience with our site. Normally user verification is complete within an hour. Our login page does work correctly, sometimes users will experience caching issues with their web browsers which can prevent them from logging in. This issue is easily fixed by accessing our site from an incognito tab or clearing the cache.

A trusted provider

I don’t know who is providing the negative comments, perhaps competitors? Regardless, I’ve had zero issues with the company. Customer service is friendly and quick to reply. Give them a shot.

Great support staff

Great support staff, verification process was smooth, hope to do long term business with them.

Awesome service actually

Awesome service actually, compared to what other people heard or did.

Simple website and easy to use.

Also if you’re interested in getting a neat bonus, use this referral code!


Hello I want to share my experience with the company XCOINS.IO At first I love the concept of selling my BTC in this company and get an extra benefit, since I am a cryptocurrency trader and I wanted to sell my BTC in this platform and get an extra benefit. I sent all my documents to prove my identity and it took almost 48 hours to respond to my request, and in which they requested extra information to prove my recidencia some payment of some service, which is a bit bad for me since I live in efficiency and I have including electricity, internet and water, and I do not receive a receipt for payment for those services, my phone and my car I pay online so that I am still missing those vouchers. I went to my bank TD Bank and asked for an account statement to prove my address and that I am a real person. And upon receiving a response from this company, they said that [WE HAVE REVISED YOUR CASE MINUCIFULLY AND HAVE DETERMINED THAT YOU ARE PART OF THIRD PARTIES AND XCOINS IS NOT GOING TO PROVIDE SERVICES TO YOU. SO DO NOT CONTINUE WITH THE USE OF XCOINS] Try to give me an explanation to which they refused and did not respond, I consider this company rude and with a terrible service to the client, since they denied me without any reason to offer me services that I consider illegal , racist and arbitrary. I am a permanent resident of the United States and I live in Florida for more than three years, I am not part of third parties or anything like that, I just wanted to sell my BITCOINS on this platform and get an extra benefit, but due to this attitude I advise you to be far away of these people because in my opinion and personal experience is the worst service I have seen in my life.

Hola quiero compartierles mi experiencia con la compañia XCOINS.IO En un principio ame el concepto de vender mis BTC en esta compañia y obtener un benefico extra, ya que soy trader de cryptomonedas y queria vender mis BTC en esta plataforma y obtener un veneficio extra. Envie todos mis documentos para probar mi identidad y tardaron casi 48 horas para responder mi solicitud, y en la cual pedian informacion extra para probar mi recidencia algun pago de algun servicio, lo cual es un poco deficil para mi ya que vivo en efficiency y tengo incluido la electricidad, internet y agua, y no recibo un comprobante de pago por esos servicios, mi telefono y mi auto lo pago online asi que igual caresco de esos comprobantes. Fui a mi banco TD Bank y pedi un estado de cuentas para demostrar mi direccion y que soy una persona real. Y al recibir respuesta de esta compañia digeron que [ HEMOS REVISADO SU CASO MINUCIOSAMENTE Y HEMOS DETERMINADO QUE USTED FORMA PARTE DE TERCEROS Y XCOINS NO LE VA A PROPORCIONAR SERVICIOS A USTED. ASI QUE NO CONTINUE CON EL USO DE XCOINS ] Intente que me dieran una explicacion a la cual se negaron y no respondieron, concidero esta empresa grosera y con un pesimo servicio al cliente, ya que me negaron sin ningun motivo ofrecerme servicios cosa que concidero ilegal,racista y arbitrario. Soy recidente permanente de los Estados Unidos y vivo en Florida por mas de tres anos, no formo parte de terceros ni nada parecido, solo queria vender mis BITCOINS en esta plataforma y obtener un benefico extra, pero debido a esta actitud les aconcejo que esten lejos de estas personas ya que en mi opinion y experiencia personal es el peor servicio que he visto en mi vida.

We are sorry to hear about your troubles. But it appears that you may have been using a different website, not xCoins.io. Our support team is based in the US (in Santa Monica). It is unlikely that we would have sent a message to you that you are quoting:


In fact, we searched our database and did not find a similar message in it.



First and foremost the fees are an outright scam!
You pay nearly 27% fees per transaction and if you do get scammed by a lender, paypal will not help you so your pretty much on your own.

Their isn’t any fail safety put in place on xcoin.io end at all.
If a seller sells you “bitcoin” and you get scammed you will lose all of your money!

Please if you do decide to do business with this site, Please use money that you are willing to take a risk on losing in your investment.

If you do your research you will find plenty of sites that will offer low or no fees on bitcoin or other crypto transactions.

Xcoins is nothing more than middlemen praying on the ones who have a difficult time buying bitcoin.

Like i stated in this review, their isn’t any safety for the buyers at all, Sellers can scam you and get away with it.

I was scammed out of $126.47 a few weeks back and nothing has been done about it.

Xcoin randomly picks lenders to sell bitcoin to you at a markup of nearly 27% in fees, and you end up the unlucky one that comes across a fraudulent seller! Don’t expect to get your bitcoins or a refund!

How To Buy Bitcoin with Paypal and Xcoins.io

by Ankur Gupta · June 7, 2020

PayPal is the best payment option used for the trading (buying or selling) of bitcoins. Bitcoin is a kind of crypto-currency which is made available in the form of digital currency or electronic currency. We will see in this post a method how you can buy bitcoin with paypal and xcoins.io website.

The most efficient but risky payment option for buying and selling bitcoins is the PayPal method. Though it is very effective, it is not accepted completely because of its risky and irreversible nature. That means, the payment cannot be reversed, once it has been made by the user.

Table of Contents

Risk factor associated with a transaction using PayPal:

Generally, all the transactions made using the PayPal payment option are reversible, which means that the payments can be reversed in the case of any inconvenience. But if the Bitcoin payments are made using PayPal option, it cannot be reversed at any instance.

Disadvantage of PayPal accounts:

  • Insecurity or Account Hacking: PayPal account transactions are more prone to third party hacking when compared to the bank account transactions.
  • Higher transaction charges and the time is taken for the transaction are also high.

In order to avoid and overcome the disadvantages associated with Bitcoin payments using PayPal, the bitcoin traders (buyers and sellers) are directed to the usage of bitcoin exchanges with peer to peer technology such as Coinbase, Bitsquare and localbitcoins.com. Out of these exchanges, Coinbase is the best platform that supports users from all the countries to buy and sell bitcoins at any instant of time but is somewhat expensive than any other Bitcoin exchange platforms.

The usage of the above-mentioned exchanges (bitsquare, localbitcoins.com) is very convenient and cheap while compared to PayPal. This means it reduces the fees as well as the time limit for making a deposit.

Method of buying bitcoins using PayPal:

The most opted method for buying or purchasing bitcoins is the xCoins.io website, which contains an unusual procedure in the form of a loan. In this method, the bitcoins are borrowed or bought by the bitcoin buyers along with payment authorization, which ensures the transaction charges and the loan payment. Also, this method permits the users to purchase bitcoins very easily and quickly.

Localbitcoins.com is also a valuable platform for buying bitcoins, which provide large premium rates with some pop-up offers.

Method of selling bitcoins using PayPal:

The users can use the most popular platform called xCoins.io for selling bitcoins too. It ensures easy selling of bitcoins like an investment. This platform is exclusively designed for those users, who wish to sell a fixed amount.

The users can also make use of some other low cost or cheaper methods like “localbitcoins” or bank transfers to sell their bitcoins. But before going to sell bitcoins, the users need to create and post an advertisement on their site. They must also make sure that whether they are okay with the risks associated with the specific selling method.

Though the above-mentioned selling methods are effective, they are not suitable for new users or beginners. Because those beginners may not be aware of the insecurity or losses made by fraudulence attempts. This, in turn, affects the overall profit rate of the users.

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I bought some BTC with paypal through xCoin. They declined, I’m guessing because it was my wife’s card and she’s not on my account, but what came next is nothing short of financial fraud.

Since it was PayPal, and their service is moving money from point a to point b, the charge to our card was immediate. Interesting side note, every-time you pay for a loan on xCoins it goes to a different recipient.
Anywho, shouldn’t be a big deal because PayPal reversals are credited pretty much immediately. I know this because I’ve issued them and been issued them in the past.

BUT, xCoins just couldn’t be honest about the situation. They told me that, their words:

“Your credit card has not been charged. We placed a temporary payment authorization, which will expire automatically. There is no need to reverse the payment.

Please allow seven business days to see the funds back in your account.”

None of that is true. THEY did not put a temporary authorization, it’s a PayPal transaction. PayPal does the authorizing. And as I’ve said, PayPal reversals don’t take a week. They take more like … minutes? I’ve seen it take a day to be fair.

No matter how you cut it, it’s all lies. And lying about financial matters is a federal crime, and it seems to be their policy to lie to customers repeatedly.

For instance, when I confronted them with this they sent along this gem:

“… However, PayPal has still processed the payment by mistake. ”

So now PayPal made a mistake? Are you serious? When you checkout with PayPal you are sent TO PayPal to send money directly to a person. PayPal did exactly what they are supposed to do.

All this dishonesty is just crazy. Don’t know how they stay in business as I’m sure I’m not the only person that ever had this problem with them. But if they make it a habit to put their lies in print to their customers, they might find themselves in a very unhappy space one day.

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