Is Xapo a licensed bank?
Yes. Xapo's banking license is issued by the Gibraltar Financial Services Commission.
Is Xapo an Offshore Bank?
Yes. Xapo is a crypto-enabled bank with headquarters in Gibraltar. Our focus is on emerging markets, with the vision to help our members to protect and grow their wealth.
Xapo Bank provides exclusive access to USD and BTC accounts, which earn members an annual interest of 4.6% and 0.2% respectively on deposits. Members seamlessly manage their accounts on the Xapo app. They are also issued a global debit card and assigned a dedicated account manager.
How do I open a Xapo Account?
To open a Xapo Bank account, you need to first apply for membership. If after you apply you meet the eligibility requirements, you will be invited.
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.