Get bitcoin with a credit card at xCoins — review

Interested in borrowing or lending bitcoin but don’t know where to start? xCoins might have 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.”

The process of receiving bitcoin on xCoins is the same as any exchange — give money to the lender and receive bitcoin instantly. Here, we unpack how this works.

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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 is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. Please check with providers if their services are available in your state.

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: USD
  • Supported cryptocurrencies: 1 cryptocurrencies

Which payments methods are accepted?

  • Bank transfer (ACH)

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 recognized 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.

Available countries

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

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 a.m. and 6 p.m. PST, or up to 12 hours if entered between 6 p.m. and 8 a.m. PST.

Are there any transfer limits?

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

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

Is it safe to use?

xCoins offers a 2-factor authentication model, which means you’ll be asked for your email and phone number during registration. This is 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.

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Deposit method

Bank transfer (ACH), Credit card, Debit card, PayPal, Bank transfer (SEPA)

Trading fee

Fees vary

Withdraw fees

Instant Card Withdrawal: Up to 1.5% of the transaction plus a minimum of $0.55
Outgoing Wire Transfer: $25
Fees vary by location and payment method.

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Deposit method

Bank transfer, Credit card, Debit card, Neteller, PayPal, Online banking, Skrill

Trading fee

Fees vary. Overnight and weekend fees apply

Withdraw fees

US$5 (minimum withdrawal of US$50)

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
  • 2-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, but consider the features before you sign up. Once you’re confident that you’re ready to buy, you can register and then use the website to find a bitcoin lender. First-time users should allocate at least half a day to receive their first order.

Carefully read through the website to get acquainted with xCoin’s peer-to-peer lending model. Though it works just like any exchange, consider the subtleties when dealing with bitcoin.

Frequently asked questions

When does a loan need to be repaid?

Loans are paid back in a lump sum at your earliest convenience. However, remember that the lender will keep the funds you deposited as collateral until you pay back the loan in full.

Who receives my payment when I’m using xCoins?

Borrowers who work with xCoins pay the loan security deposit and associated loan fees directly to the lender. At the end of the checkout process, you will be directed to the lender’s PayPal page, where you can make a safe, no-risk payment.

I’m a bitcoin lender. How much money will I make?

As a lender, you are free to set up your own interest rate. The website recommends setting a fee at 15% in the beginning before changing it later on based on market conditions.

Disclaimer: 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.

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    Default Gravatar
    January 23, 2018

    What does the PayPal policy say about receiving payments in exchange for Bitcoins?
    The lender How can you protect yourself if you have a dispute, to receive payment, and why PayPal does not close the account?

      Default Gravatar
      June 23, 2018

      That’s a good question Elliott. I don’t really know what the policy says but I had a bad experience using PayPal and Bitcoin. I don’t know if the policy changes for companies or personal use but I was selling some of my btc using PayPal, everything was fine until a group of people started asking for their refunds saying they didn’t received their products (BTC)
      I had all the prove and still have it (btc addresses, conversations, pics, screenshots) but none of that worked. PayPal still refunded their money, they said the prove I have was not valid. :/
      I hope Xcoins and PayPal have an agreement to buy and sell BTC using their platform.

      Avatarfinder Customer Care
      June 24, 2018

      Hi Johnny,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      I appreciate your initiative in sharing your thoughts on this.

      When you use PayPal, you need to agree with their terms and conditions. I’m sad to hear that you didn’t win the dispute. However, there might be other ways that you could have won the dispute by providing specifically what they are asking from you as proofs of the transactions. It could be that if you have complied with their requirements, they might not have made the refund.

      I suggest that you ask PayPal for more information on how you can win a dispute just in case this happens again in the future.

      xCoins is recognized by PayPal and you can use PayPal as a deposit method.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


      Avatarfinder Customer Care
      January 23, 2018

      Hi Elliot,

      Thanks for your inquiry.

      Bitcoin isn’t distributed by one provider, exchange rates will vary depending on which service you use. You might find exchange rates of a fraction of a percent to a few percentage points above the mid-market rate. While PayPal takes the wholesale rate it gets from its bank and adds a 2.5% margin. PayPal updates this rate twice a day.

      If you want to know how they compare in terms of cost, exchange rates, and other features, our Bitcoin vs. PayPal head-to-head comparison may help.

      Hope this helps.

      Best regards,

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