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Get bitcoin with a credit card at xCoins – January 2022 review

Are you interested in borrowing or lending bitcoin but don’t know where to start? xCoins might have just what you’re looking for.

xCoins offers bitcoin to the public through a unique peer-to-peer lending model that connects borrowers and lenders through a series of “secure loans”.


Fiat currencies




Product Name xCoins P2P Bitcoin Lending
Fiat Currencies USD
Cryptocurrencies BTC
Deposit Methods Bank transfer (ACH)
Trading Fee Fees vary
Deposit Fees PayPal: 2.9% + $0.30 USD
Withdrawal Fees None
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

What is xCoins?

xCoins is officially a peer-to-peer lending platform that connects bitcoin lenders and borrowers. Loans that originate on the platform are person to person; xCoins is merely the middleman that facilitates the transaction.

The California-based company allows users to get bitcoin through a “secured loan,” which can be paid for with any payment method recognised by PayPal. Unlike regular exchanges, borrowers can get their money back if they no longer want the bitcoin.

Lenders can also join xCoins for free. If you decide to lend bitcoin, you can set your own interest rate, collect the loan origination fee and the PayPal processing fee. xCoins recommends that lenders set their interest rate fee at 15% to start.

xCoins has a detailed process in place for both lenders of bitcoin and those who want to borrow it.

Compatible with:

  • xCoins can be accessed through virtually any web browser.

What cryptocurrencies can I borrow/lend?

xCoins supports bitcoin only.

  • Bitcoin

Available countries

XCoins is available in over 40 countries. You can find the full country list after receiving your confirmation code upon signup.

Which payment methods are accepted?

xCoins supports all payment methods accepted by PayPal. This includes:

  • Major credit cards: Visa, Mastercard, American Express and Discover
  • Debit cards
  • From bank accounts using the Automated Clearing House (ACH)
  • PayPal Credit and Balance
  • eCheck

How much will it cost me to use xCoins?

xCoins is free for lenders. Borrowers are subject to the following fees:

Transaction typeFee
PayPal processing fee2.9% + $0.30 on top of loan amount and interest
Loan origination fee5% of loan amount or higher, depending on lending volume
Transfer fee payable to bitcoin miner0.00025 BTC

How fast will my funds be available?

Transactions are instant for returning users. First-time users typically wait up to 3 hours if the transaction is entered between 8:00am and 6:00pm PST, or up to 12 hours if entered between 6:00pm and 8:00am PST.

Are there any transfer limits?

  • Minimum loan amount: US$10
  • Maximum loan amount: US$1,000

For example, if bitcoin is valued at US$4,000, the maximum amount you will be able to borrow is 0.25 BTC (US$1,000/US$4,000 = 0.25, or a quarter of a bitcoin).

Is it safe to use?

xCoins offers a two-factor authentication model, which means you’ll be asked for your email and phone number during registration. This protocol is generally considered to be secure and good for privacy.

However, the website was hacked in January 2017, raising significant concerns over security.

The website also has a privacy policy that outlines its use of customer information.

Customer Support

Inquiries made through the Help Desk are usually answered within 24 hours. For a quicker response, users are encouraged to include the transaction number.

xCoins also operates a transparent discussion forum, where users can leave their questions.

xCoins pros & cons


  • Easy verification
  • Good customer service and quick turnaround time
  • Two-factor authentication
  • Users receive bitcoin instantly upon paying the lender


  • xCoins was hacked in January 2017, raising questions about its security
  • Bad publicity during 2017
  • Website lacks extensive features
  • Maximum loan amount is low

Next steps

Getting started with xCoins takes just a few minutes. Upon registration, you can use the website to find a bitcoin lender. First-time users should allocate at least half a day to receive their first order.

You should also carefully read through the website to get acquainted with xCoin’s peer-to-peer lending model. Although it works just like any exchange, it’s important to consider the subtleties when dealing with bitcoin.

xCoins website

Frequently asked questions

Image source: xCoins

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