Xapo Bank Meta Title (2024)

FAQs

Is XAPO a legit bank? ›

Our unparalleled security starts with our status as a fully licensed bank and Bitcoin custodian. That means your fiat deposits are backed by guaranteed protections. Then there's our decentralised multi-party computation (MPC) technology and our global network of hidden bunkers protected by armed guards.

Federico Murrone and Wenceslao Casares are the founders of Xapo Bank.

XAPO (pronounced 'Sapo') provides online banking services for cryptocurrencies.

To be eligible for a physical card, you must have a minimum balance of $150 in one of your Xapo accounts. This requirement helps us understand your interest in exploring the benefits of our cards and ensuring a mutually beneficial banking relationship.

We continuously monitor every aspect of our security system, use innovative AI-powered anti-malware, and are routinely audited by one of the big 4 accountancy firms. We operate on a Zero Trust Security Model, which means we verify each and every internal request no matter where it comes from.

This firm is regulated in another European Economic Area (EEA) country and can offer certain products or services in the UK. The firm must meet minimum standards agreed across all EEA countries. It's important to check the full record for what activities this firm can do in the UK.

Xapo Bank is headquartered and fully regulated in Gibraltar. We established ourselves in the nation due to its strong banking protections and forward-thinking regulation for digital assets.

Zimbabwe, Zambia, Yemen, Western Sahara, Venezuela (Bolivarian Republic of), Vanuatu, Ukraine, Uganda, Trinidad and Tobago, Tanzania, United Republic of Syrian, Arab Republic Sudan, Sri Lanka, South Sudan, Somalia, Sierra Leone, Senegal, Russian Federation, Qatar, Palestine, State of Pakistan, Panama, Nigeria, ...

How do I buy Bitcoin through the Xapo Bank app? Once you have added funds to your US dollar account, you can use your US dollars to purchase Bitcoin in the app. You can do so by following the steps below:Step 1 - Tap on Exchange. Step 2 - Tap on Swap to be able to exchange US dollars for Bitcoin.

Can you send Bitcoin on Xapo? ›

Payments with the Lightning Network can be done on the Xapo Bank app by following a few simple steps. We only support payments with pre-defined invoiced amounts and up to US $100 worth per transfer.

Xapo's entities are regulated by the Gibraltar Financial Services Commission (GFSC). The GFSC supervises and regulates both fiat currency and crypto activities, allowing us to offer our unique proposition by bridging the gap between traditional banking and cryptocurrency.

Withdrawing cash from an ATM using your Xapo Bank card is free, up to a limit of 100 USD per month. Once this limit is exceeded, a fee equivalent to 2% of the withdrawal amount will be applied every time.

To help you determine if a website belongs to an FDIC-insured bank, check the FDIC BankFind, a data resource on the FDIC website. You can look up banks by name or website address to verify whether they are a real FDIC-insured bank. Compare the bank name with the web address or URL.