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CryptoUnits - 1539+ Best Cryptocurrency Websites & Bitcoin Sites List of 2023!
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Cryptocurrency Forensics 🚀🌑
CryptoUnit - Best Cryptocurrency Websites & Bitcoin Sites List of 2023! > Websites > Best Bitcoin Wallet > Xapo Bitcoin Wallet 0
xapo.com
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Launched in 2014, Xapo offers users the ability to trade and store bitcoin, as well as purchase bitcoin with fiat currencies. Supported fiat currencies include EUR, USD, and GBP. However, Xapo's services are limited to bitcoin, making it less versatile compared to other wallet providers.
Users using Xapo's digital wallet must give up control of their private key. Xapo does encrypt user data, enhancing security. Additionally, users are required to provide photo identification and proof of address.
A notable advantage of the Xapo web wallet is the option to transfer funds to the Xapo vault. The Xapo vault is a highly secure wallet where funds are stored in deep cold storage on offline encrypted servers. Transferring from the Xapo wallet to the Xapo vault incurs no extra fees.
Transaction fees are applied when sending or receiving funds outside of Xapo wallets, with a fee rate of 0.2% for these transactions.
Xapo's web wallet lacks certain key features, such as hierarchical deterministic wallets and open-source code for transparent security assessment. Additionally, there is no multi-signature functionality.
Users have the option to enable two-factor authentication (2FA) to add an extra layer of security to their Xapo account.
Xapo is accessible via web browsers, Android, and iOS platforms. Users have praised its easy-to-use and intuitive interface.
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