Xcoins.com is a Malta-based cryptocurrency exchange licensed by the MFSA (Class 3 VFA). It allows users to buy crypto via credit/debit cards, bank transfers, and e-wallets. The platform supports BTC, ETH, LTC, and Dogecoin, emphasizing quick verification (<30 minutes) and instant transactions.
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Unique Features:
Regulatory compliance in the EU.
No wallet storage (direct transfers to external wallets).
24/7 phone support and a detailed FAQ section.
Pros & Cons
Pros | Cons |
MFSA-regulated | High fees (5% + bank charges) |
Fast KYC process | Limited crypto selection (6 coins) |
Transparent fee structure | Mixed user reviews on withdrawal speeds |
User Reviews & Sentiment
Platform | Review Summary | Sentiment | Source |
Cryptoradar | “BTC received in 15 minutes” | Positive | https://cryptoradar.com/exchanges/xcoins |
Trustpilot | “$500 withdrawal took 72 hours” | Neutral | User reports |
Investopedia | “Legit but expensive for small trades” | Mixed | https://coinbureau.com/review/xcoins-review/ |
Legitimacy Assessment
Regulatory Status: Licensed by MFSA (Malta), complying with AMLD5.
User Complaints: Some reports of delayed payouts, but no scam allegations yet.
Security: Implements 2FA, SSL encryption, and PCI-DSS compliance for card payments.
Xcoins.com could be a scam broker with no regulation or oversight. While it might look appealing at first, the risks involved make it unsafe for anyone looking to trade seriously. Avoid it, and always choose a regulated broker with a proven track record to protect your investment.
If you’ve already fallen victim to Xcoins.com, make sure to take action immediately. Reach out to legal advisors or organizations that specialize in recovering funds from scam brokers.
We will provide you recommendations, which will help you in recovering the lost funds or you can report to us today by the below form.