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Is Xapo a Bitcoin wallet?

1
min read
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Where can I convert USDC to USD?

Xapo is way more than a Bitcoin wallet.

It is an offshore private bank that offers members US Dollar and Bitcoin accounts in one place, the first bank to combine traditional banking and crypto in this manner.

Xapo Bank is licensed and regulated by the Gibraltar Financial Services Commission. Similar to other licensed banks in Europe and the UK, fiat deposits at Xapo Bank are guaranteed for up to the USD equivalent of EUR 100,000.

Is Xapo closed?

No, Xapo is not closed. As part of its business transformation, Xapo sold its bitcoin custody business to Coinbase in 2019.

Can I buy Bitcoin at Xapo?

Yes, you can buy and sell Bitcoin on the Xapo app. You can also deposit USDC, however, this is automatically converted into USD once received.

Xapo Bank is a crypto-enabled bank licensed by the Gibraltar Financial Services Commission. We give our members access to a US Dollar and Bitcoin account, successfully bridging the gap between traditional banking and crypto. USDC deposits into Xapo are immediately converted to USD on a 1:1 basis, giving instant dollar cash value with zero exchange fees.

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Global
crypto-enabled bank
4.6% interest
on USD bank account
0.2% interest
on Bitcoin account

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