At Xapo Bank, protecting your wealth means constantly evolving to stay ahead of global security standards. As crypto becomes a bigger part of the global financial system, new standards are expected to emerge to make it safer, more transparent, and easier to trust.
One of the latest global standards is the Crypto Travel Rule, a requirement designed to bring crypto in line with the same safety expectations that already exist in traditional banking.
What is the Travel Rule?
When you send a bank wire, certain information must “travel” with the money – like the sender’s name and recipient details.
The Crypto Travel Rule applies this same idea to digital assets: when crypto moves between regulated institutions, basic information about the sender must come along with it. This helps ensure the transfer is legitimate.
How does the Travel Rule protect you?
The Travel Rule offers several benefits that strengthen the crypto ecosystem:
It stops bad actors. By creating a clear audit trail, it becomes much harder for criminals, fraudsters, or money launderers to hide behind anonymous wallets.
It builds trust. Clear standards encourage regulators, institutions, and everyday users to feel more confident using crypto.
It safeguards your funds. When institutions know who they’re transacting with, it reduces the risk of misdirected payments or fraud attempts.
Xapo Bank’s simpler, safer approach to receiving crypto
While global regulations are important, our focus remains on building a secure, simple experience for our members. To enhance your security and user experience, we have introduced Sender Address Whitelisting.
What is Sender Address Whitelisting?
This is a new feature that makes receiving crypto easier and more secure. It's a simple, extra layer of safety built right into your Xapo Bank app.
Seamless deposits: By whitelisting (adding) your trusted sender addresses to your in-app Addressbook, you create an approved, verified pathway for your funds. This means your deposits are credited to your account without delays.
Powerful defence: Whitelisting acts as a critical security filter. If an unexpected, unverified address attempts to send you funds, the transaction is flagged or blocked. This gives you another powerful layer of defence against sophisticated scams and fraud.
By leading with robust security measures like Sender Address Whitelisting, Xapo Bank ensures you can enjoy the freedom of crypto with the safety and trust of a regulated bank.
You can start whitelisting your regular sender addresses today in your Crypto Addressbook within the Xapo Bank app. Find out more here.
