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- Mar 24, 2016
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- $19,624,661
Xapo provides the tools you need to purchase bitcoins, then manage them through our easy-to-use online wallet, spend them with a swipe of the Xapo Debit Card, or store them in Xapo's free, ultra-secure Vault.
Xapo is an innovative and highly secured bitcoin wallet that can be used send, receive and trade the bitcoin currency. It was established in the year 2014 by Wences Casares. Xapo is a highly stable company as some of its investors include Pantera, Benchmark, and Fortress. It provides three types of features namely Wallet, Vault, and Debit card. Xapo Vault is used for storing bitcoins in a highly secured environment.
Pros:
1. Highly Secured Vaults: Xapo keeps the vault in various locations of three different subcontinents. It also stores the private keys and other confidential information on offline servers so that the security is not compromised. It also provides 24/7 security and monitoring for the vaults.
2. Plastic Debit card: Xapo provides a debit card for your wallet which can be used for online shopping. You can also withdraw money from ATMs using the card. But you have to pay a small fee for that. The debit card can be easily linked with your wallet. You can transfer funds to your wallet without any charge.
3. No fees for Currency Conversion: You can easily exchange different currencies using Xapo without any processing fee. It supports many currencies like INR, EURO, USD, GBP and more.
4. Unlimited Wallets for Businesses: Xapo provides the option of creating unlimited wallet accounts for businesses. It is possible to set different permission levels depending on the need. For example, you can restrict the permission for sending/transferring bitcoins only to certain people.
Cons:
1. Annual debit card charge of $12.
2. Shipping charges are very high for getting the Xapo debit card.
3. 3% Foreign exchange fee + Flat fee of 2 to 4 USD for withdrawal of money from ATMs.
4. The Xapo debit card is not available for USA, India and some other countries in Africa.
What's your experience with this wallet? share it
Xapo is an innovative and highly secured bitcoin wallet that can be used send, receive and trade the bitcoin currency. It was established in the year 2014 by Wences Casares. Xapo is a highly stable company as some of its investors include Pantera, Benchmark, and Fortress. It provides three types of features namely Wallet, Vault, and Debit card. Xapo Vault is used for storing bitcoins in a highly secured environment.
Pros:
1. Highly Secured Vaults: Xapo keeps the vault in various locations of three different subcontinents. It also stores the private keys and other confidential information on offline servers so that the security is not compromised. It also provides 24/7 security and monitoring for the vaults.
2. Plastic Debit card: Xapo provides a debit card for your wallet which can be used for online shopping. You can also withdraw money from ATMs using the card. But you have to pay a small fee for that. The debit card can be easily linked with your wallet. You can transfer funds to your wallet without any charge.
3. No fees for Currency Conversion: You can easily exchange different currencies using Xapo without any processing fee. It supports many currencies like INR, EURO, USD, GBP and more.
4. Unlimited Wallets for Businesses: Xapo provides the option of creating unlimited wallet accounts for businesses. It is possible to set different permission levels depending on the need. For example, you can restrict the permission for sending/transferring bitcoins only to certain people.
Cons:
1. Annual debit card charge of $12.
2. Shipping charges are very high for getting the Xapo debit card.
3. 3% Foreign exchange fee + Flat fee of 2 to 4 USD for withdrawal of money from ATMs.
4. The Xapo debit card is not available for USA, India and some other countries in Africa.
What's your experience with this wallet? share it