What is Xapo?

Xapo

Website

 

Xapo is a web wallet which allows the users to store their Bitcoin (BTC) securely. Xapo offers a debit card where the member can link their account, so they can use their money anywhere. If you will become a Xapo user, you will be able to see your previous transactions and the amount of money you have in your account. 

 

XAPO Wallet Debit Card

The Xapo offers a secure Debit Card, which will be linked to your account. You will be able to use the card at your convenience. The card is allowed to be used at any ATM worldwide to withdraw physical cash when you need it. However, there will be a few limitations that users must take note when using their Xapo Debit card. You can only perform 2 transactions per day with a $200 limit per transaction. This means that the maximum amount you can withdraw per day is $400.

Xapo video explanation

The limitations can be somehow strict, but they offer a feature in which the users can request another card which has upgraded withdrawal limits. In the process of upgrading your card, you will be required to upload an image of your acceptable clear and visible ID. A proof of residence will also be required to match it with the address stated on your ID.

 

When the requirements are met, you will be able to withdraw from ATMs with $2,000 as the limit every day. The Xapo wallet security feature claims to have the most secure vault systems, which the users’ Bitcoins are securely stored on offline servers, which means that it will not be connected to the internet.

 

Read More
2 years ago
0 15
3 years ago
0 9
3 years ago
0 4

One Reply to “What is Xapo?”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Cryptostec
DISCLAIMER The information contained on this website is provided for informational purposes only and is not intended to substitute for professional financial, legal or tax advice. You should consult a professional before acting on any information you find here. This website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. Any references to third party products, rates, or websites are subject to change without notice. Please do the appropriate research before participating in any third party offers. © Copyright 2020 Cryptostec
%d bloggers like this: