XMLGold Affiliate / Referral Program
XMLGold Affiliate Program Url: https://www.xmlgold.eu/en/referal/index
Website Url: http://www.xmlgold.eu
How to contact: support@xmlgold.net
What is it? Online exchanger of e-currencies to buy Bitcoin
Category: Exchange
Affiliate payout in Bitcoin? YES
Which non-Bitcoin payout methods do they support? VISA,MASTERCARD,PERFECT MONEY,MONEY POLO,EPAY,OK PAY,PAYPAL,BANK TRANSFER,EGO PAY,WEBMONEY
Revenue Share Percentage: 10%
One Time Commission: NO
Lifetime Revenue Share: 10%
Affiliate Referal Commission: no information
Additional Program Info:
Supported Crypto-Coins: Bitcoin,Litecoin
US Users / Players allowed? YES
XMLGOLD is a so-called XChanger with which Fiat currencies can be exchanged for crypto currencies or crypto currencies via the Internet. For example, deposits can be made via Paypal in Euro or USD and Bitcoins Ether or Litcecoin can be exchanged there. However, the platform does not serve as a trading place.
XML Gold forwards the orders for the customers accordingly to the trading places and demands a commission for it. Those who exchange a lot back and forth receive discounts on the commission to be paid as part of the discount program.
Payouts to Paypal and other eWallets are also possible. XMLGOLD’s prepaid credit card, which was offered until recently, has since been withdrawn from the market. The reason may have been that VISA rigorously withdrew the issuer license from some Bitcoin credit card providers and issuers of anonymous credit cards if the customers did not go through a verification process. XMLGOLD’s offer so far does not indicate fraud. However, there are several latent risks.
What is XMLGOLD’s offer?
XMLGOLD is an Internet Xchanger for FIAT money in crypto currencies and vice versa, as well as for crypto currencies among each other. The provider acts as a pure broker who forwards the orders to the usual trading places for crypto currencies.
Currently, about 20 crypto currencies are offered, plus eWallets such as Paypal or Payeer as payment methods for loading the account, but also for payments in USD or Euro. Meanwhile, XMLGOLD customers have to verify their identity and the information provided during registration in order to be able to use the full account functionality, such as payouts.
The credit cards issued in the meantime over XMLGold were taken again from the market. According to the company, a new model is currently being developed.
Payments to the eWallets and the exchange of currencies take between a few hours and several days, which of course also depends on the underlying crypto currency, which must first be exchanged at the relevant trading venues.
XML offers a discount model for the commissions to be paid to those who carry out a large number of exchange transactions on the platform. A referral program for the acquisition of new customers with up to 10% commission is also offered. A suspicion on a pyramid scheme or Ponzi Schema does not exist at present however.
XML GOLD – Supplier from Belize (Non EU)
The brand XMLGOLD belongs to the Belize-based XML Corp, registered under number 93456. There is no banking license. Customers therefore do not have a standard bank account that is subject to regulation or deposit insurance as is common in Europe.
This brings with it several problems for customers from Germany or Europe. In the event of insolvency, there is probably no protection for the deposited money. In addition, there is the problem that the offer could possibly violate existing money laundering regulations in Europe or the USA.
A few years ago XMLGOLD had issued its customers with a prepaid credit card, which was also issued anonymously, i.e. without punched-on names. These were taken meanwhile from the market. The reason might have been that there were problems with the issuer license of Visa. In the meantime Visa had proceeded quite rigorously against providers of “Bitcoin” credit cards or issuers of anonymous credit cards.
But also the normal currency exchange over XMLGOLD can become problematic for customers, at least then if they earn profits by the exchange and do not declare these with the tax office.
Currency exchange involves exchange rate risks
Who buys crypto currencies over XMLGOLD, takes risks that can result from exchange rate fluctuations with the exchange rate. The rates at many crypto currencies are very volatile so far. Profits of one day can already turn into a loss the next day.
Therefore investors must observe their positions constantly and react accordingly fast. The exchange can last depending upon crypto currency however up to three days, which also means that in the meantime very much can happen. In addition for each exchange fees result, which can be substantial in the sum and reduce profits likewise.
Conclusion
Although it is a platform on which it is easy to exchange money between FIAT money and crypto currencies as well as between crypto currencies, for which there is also a demand, but problems with customer protection are seen. There are no signs of fraud so far.
It cannot be ruled out that there may be conflicts with the existing money laundering regulations in Europe. An indication of this is that the XMLGold prepaid credit card, which has since been withdrawn from the market and explicitly advertised as anonymous, most probably violated the VISA guidelines for issuers.
The in the meantime introduced verification process could be however a sign for the fact that one takes it with XMLGOLD meanwhile more exactly with the regulations prevailing in the USA and in Europe.
There is neither a banking license nor any form of investor protection at the Belize-based provider. In the case of insolvency it should therefore hardly be possible to receive a compensation for the invested funds. The tax declaration of profits could also lead to problems.
In addition, there are no warnings on the XMLGOLD website for risks that may arise from the currency exchange. However, these warnings are mandatory in Europe.
Go to xmlgold.eu