xCoins is a unique platform that offers automated bitcoin peer to peer bitcoin "lending" offering the lender a juicy 15% instant return. "Lending" in the form of the borrower pays a security deposit plus fees to the lender and has an open ended time frame to return the USD equivalent. To my knowledge and I have been involved in the xCoins community for almost a year, no one has ever returned the bitcoin as there is no reason to do so. I am going to summarize my thoughts on xCoins below and let you the reader decide if you want to try them.
The Good - The seller makes an instant 15% when they use PayPal as their processor and roughly 10% when the use STP (Solid Trust Pay) as their processor. The process is simple to start "lending" (selling) on xCoins. Simply open an account, link to PayPal or STP and set your loan offers. xCoins does the verification and STP does further verification for KYC and AML. The potential to make money on xCoins doesn't stop with lending as they have a good affiliate program as well. You can earn 3.75% of the transaction that any of your referrals make. If they purchase a $100 in bitcoin, that is $3.75 in your pocket.
The Bad - So all of the above sounds good and there has to be some bad right? You guessed it. I'm not here to blow smoke or mislead anyone, I am here to give a review and let you decide. xCoins has one major issue right now and it is PayPal. I managed to sell on xCoins at about a volume of 10k a month for 9 months. I received an email from PayPal stating my account was limited due to selling bitcoin. I was lucky enough to be able to keep my PayPal account but others did not share the same fate. They were permanently limited and their funds held for 180 days. With PayPal you will also run into the dreaded chargeback. These can be avoided and if you decide to test xCoins, just ask me how. I don't want to get too long winded here. So if you go with PayPal you will get your account shutdown at some point. If you do decide to test the waters, go slow, scale an or only use it a couple of times. If you don't care about having a PayPal account by all means use them. Just don't leave too much money in there (something I suggest always with any payment processor).
The Alternative - STP (Solid Trust Pay) has a partnership with xCoins. As in they know exactly what they do and have accepted their business plan. This allows sellers to use STP and not worry about being shut down for using xCoins. STP has higher fees which make the profit percentage more like 10% than the 15% you get with PayPal. There is also some setup with STP and it is not available everywhere like PayPal. The possibility to make money using xCoins with STP definitely exists and this is the route I am currently taking with xCoins.
Closing - If you are looking to make some passive income, give xCoins a look. There is a forum and a slack channel set up to help lenders. I would suggest STP over PayPal. STP takes a little while to set up and there are set up fees. Be mindful of the miner fee. Set your loan offers up in a way to ensure profit after the mining fee and any fees to withdraw from STP. As with any investment there is a risk of losing money so don't dive head first into the deep end. If you want to use xCoins simply sign up, take a look around, find the forum, find the slack and get an understanding of how it works. If you have any questions please comment. This is my first post so I apologize for the formatting and any run ons. I wanted to get this out there. I have made good money with xCoins but there are some risks and tricks to the trade. If you do sign up please use my link below.