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Xapo is an all-in-one Bitcoin app that provides users with a secure cold storage Bitcoin wallet, a Bitcoin-based debit card, a Bitcoin exchange, and so much more. The Xapo app is a Hong Kong based company created by Wences Casares & Federico Murrone in 2014. 

Xapo describes itself as a “robust banking alternative that provides the same level of accessibility and security to all facets of your financial life.” It was founded to address two of the biggest issues with Bitcoin’s success and adoption—accessibility and security. The app is available to millions of people around the globe. Whether you’re in India, Argentina, the U.K. or the U.S., Xapo enables users to send and receive money instantly anywhere in the world. 

Users can buy and securely store Bitcoin, transact Bitcoin, or convert Bitcoin to any traditional currency. Users can store money, or send and receive money instantly. Therefore, Xapo is a complete digital banking alternative with full Bitcoin and fiat currency support. Users can send and exchange over 150 currencies including Bitcoin, instantly, anywhere in the world. The app aims to give users complete freedom and control over their finances.

Security is of the utmost importance to Xapo which is why they feature; proprietary data encryption technology, multi-factor authentication and private key segmentation, 24/7 fraud and risk analysis, a round-the-clock security team online, custom permissions for each account member, partition funds for different user groups, and geographic dispersion of assets in vaults. Xapo customer funds are stored offline in secure and encrypted servers that never connect to the internet. 

In less than 4 years, Xapo has grown a user base of millions of users from around the globe. Helping Xapo grow into what it is today are leading investment groups who’ve raised $40 million in funding. These groups include; Benchmark, Greylock Partners, Index Ventures, Fortress Investment Group, Ribbit Capital and Emergence Capital Partners.

Regulations, Bank Failures, & USD: Crypto Winter with Xapo Bank CEO Seamus Rocca

16 May 2023 2 minute read 1 comment Faybomb

Xapo Bank is a Gibraltar-based crypto bank and custodian that offers dollar and Bitcoin exposure to global customers - US excluded. This wasn't always the case, however. Xapo previously served the US market until 2021 and pioneered the Bitcoin-backed...

Fond memories of the Xapo wallet

12 Feb 2021 1 minute read 0 comments Gidroman

Xapo management started sending out emails to many countries including USA, Venezuela, Ukraine (I'm from Ukraine) ... recommending clients to withdraw funds by December 31, 2020. The notice indicated that Xapo is making significant changes to its ope...

Hong Kong-based Bitcoin wallet, Xapo, is set to open a new fully-fledged Digital Bank in Gibraltar

25 Jan 2021 2 minute read 2 comments DigiFinex

January 25, 2021 Hong Kong-based Bitcoin wallet, Xapo, is set to open a new fully-fledged Digital Bank in Gibraltar To Hasten the Use of Digital Yuan, Major Chinese Cities Shanghai & Beijing Set to Join CBDC Pilot Program World’s Largest Asset Manag...

Indodax Exchange and Xapo custodian service accused of keeping 500 stolen BTC

8 Jun 2020 1 minute read 0 comments Kluma

A trader has sued the custodial service Xapo and the Indodax cryptocurrency exchange for storing 500 stolen BTCs. Services are accused of indirectly promoting fraud. The lawsuit was filed in the District Court of the Northern District of California b...

Don't Use Xapo

8 Jun 2020 1 minute read 2 comments GabrielHaines

I first heard about Xapo back in 2015, when Wences Casares did an interview with Russ Roberts on Econ-Talk. The conversation intrigued me and I opened an account on their app and deposited a few sats. As the years went by, I forgot about Bitcoin and...