Since its launch in 2016, Xcoins has fast grown into a leading cryptocurrency exchange, serving over 250,000 satisfied customers from over 167 countries and helping them exchange multiple digital currencies. They have processed more than $250 million in digital cash.
Xcoins Review, Pros & Cons
- An intuitive trading platform
- A selection of educational resources
- Multiple cryptocurrencies
- Unregulated exchange
- No MetaTrader platforms
- Limited to digital currencies
- Limited funding options
- No USA clients
In this detailed Xcoins review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Based in Malta, Xcoins is an established digital currency exchange that provides traders with a suitable platform to exchange several digital assets, including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. The exchange provides some educational resources and a dedicated customer service team.
There is no regulatory information on the Exchange’s website at the moment, which may discourage many traders from trading with them. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
Xcoins offers its services to clients from over 167 countries worldwide, including the United States of America and Canada.
Some Xcoins features and products mentioned within this Xcoins review may not be available to traders from certain countries because of legal restrictions.
The Exchange provides traders with a non-custodial and secure trading platform that is web-based. Interestingly, the website is fully mobile responsive, which makes it more convenient to use. The platform allows users to buy and sell different crypto assets.
Xcoins Trading Tools
There are no standalone trading tools on the Exchange’s website at the moment but the trader can make do with the tools provided in the trading platform.
The Exchange provides traders with a collection of educational resources, such as guides, educational articles, newsletters, and an FAQ section that gives instant answers to the most common questions that traders may have.
The Exchange offers the following cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash.
Xcoins Accounts & Fees
Xcoins allows traders to open a live trading account after verifying their identity.
As broker fees can vary and change, there may be additional fees that are not listed in this Xcoins review. It is imperative to ensure that you check and understand all of the latest information before you open an Xcoins broker account for online trading.
Xcoins provides traders with a knowledgeable client support team that is on hand to give responses to the general, technical, or account-based inquiries. They can be reached via Telephone, Email, Live Chat, or by submitting an online form.
Xcoins Deposit & Withdrawal
Traders can deposit and withdraw funds to and from their trading account using any of the following payment methods: credit/debit cards and bank transfer. The time taken to process transactions may vary depending on the payment provider or method.
Xcoins Account Opening
Opening an account with this exchange is straight forward; simply click on the ‘Sign Up’ icon and fill out the account application form and hit the ‘Next’ button to continue with the process.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Xcoins is an online financial services provider that strives to provide traders from over 167 countries with a favorable trading environment for exchanging multiple cryptocurrencies online. They give clients access to a range of educational resources whilst offering efficient client support services. However, they are not regulated, which be seen as a red flag by most potential traders and investors.
The price of crypto-assets is extremely volatile and variations are unpredictable. The price of crypto-assets may increase or decrease very quickly. Buying crypto-assets is high risk and includes the risk of losing the total value of a crypto-assets purchase. You must act with caution and vigilance by limiting your purchases of crypto-assets you can bear to lose without putting yourself in financial jeopardy. As such, it is not recommended that you convert all your liquid assets to crypto-assets given that crypto-assets are volatile and can decrease without warning.