Xcoins is no ordinary Bitcoin exchange platform.
Unlike ordinary exchanges, Xcoins focuses on bringing together lenders and buyers through a unique model that highlights a series of secure loans.
You can access XCoins through any web browser and make payment using any method accepted by PayPal.
How Does XCoins Work?
XCoins works using two processes, buying, and lending. Lenders are allowed to deposit Bitcoin to their accounts and select an interest rate. Buyers use the same platform to select a loan with favorable terms from the available lenders then pay some collateral for the loan using their preferred method. The collateral is refunded once the buyer repays the bitcoin loan.
Xcoins is beginner-friendly. The sign-up process is very simple and takes a few minutes to complete. Once you specify the amount of Bitcoin you need you will be directed to a page where you can make payment. As soon as you are done you will receive the currency in your account. For both the lender and the buyer, there is an ID verification process during sign up to ensure the legitimacy of the users.
Any user of Xcoins can be a borrower and lender at the same time. The process of switching between borrowing and lending is very seamless. Since there is no communication between the lender and the borrower, a lot of time is saved during the transaction.
The lender decides the amount of interest to charge on each loan. Borrowers are given an opportunity to select a loan offer with the best interest terms and can repay at their own convenience.