Bitcoin Forum

iam a beginner and i don't know if xapo.com is good one

It seems to be legit, but if you just want a wallet there are far better alternatives that aren't web wallets.

it's legit but you have to provide deep personal information to make transactions or buy bitcoins. cell phone and adress verification.

there's a huge lawsuit going on against them at the moment. better google it before you decide to use their service for more than dust...

Yes exactly, Until Now they are Legit, They are Provide Credit card service Also, and also many faucets are using their Service. But as it said above that they need many Personal detail, which effect the BTC anonymity. Which is one of the Drawback of this site, other wise they are seems legit, with Professional Designing

Xapo is good enough ( legit  i mean ), provide dynamic multi signature address,


I think they are not provide any credit card, but debit card. :)

They are legit but have the higher fees...
and Yes they do provide a debit card, not a credit card. It's a chargeable card I believe.

i suggest you to stay away from xapo, they required more information about you. you can try using blockchain.info wallet (better than xapo) as you will have the control to your private keys too

They good one, but not good enough, they features:
Money controlled by a third party
Centralized validation
Remote app
Vulnerable environment
Basic privacy


BitGo is have a legit features than xapo:
Shared control over your money
Centralized validation
Remote app
Two-factor authentication
Basic privacy

I think xapo is good only for faucet payouts, but not for daily spends. Xapo requires too much of our information (phone, name, city). The best bitcoin client is always the Bitcoin Core, however if you don't have enough disk space, or you need to use your coins on phone, you could use web wallet (like blockchain.info), mobile lightweight wallets (MyCelium, the original Bitcoin wallet for Android), or desktop lightweight clients (like Electrum, but I'm not sure since I haven't used it). Anyway, don't store big on xapo, and any wallets which store your private key (encrypted or not) on a centralized server.

too much validation required, so I never bothered to try their services

It's not as bad as you think. Lemon is suing Xapo because the founders of Xapo were Lemon employees at the time and allegedly developed Xapo with (or based on a) Lemon project, with Lemon resources, on Lemon's dim (i.e., the guys were getting paid by Lemon at the time).

I bet this gets settled out of court.

Anyway, this reminds me of a transaction I need to make...gotta go!

AFAIK it's no fee there...

Yes,this is so true because you will need to add pass and pin everytime and this is sucks

verivy error xapo  >:(

mobile wallet with 0% fee transaction :)
also xapo is good wallet with 2fa if you open at dekstop ( include at android app)

Use that site for quick online transactions with small BTC. Don't hold your BTC there for a long time. Online wallet services are being notorious for their scam/fake hack/runaways. One example is inputs.io, people lost a lot of BTC there. You need to control your own private keys for bigger amounts.

It seems legit, but to activate a wallet you need to send them some documents, KYC....

If you only want to send and receive Bitcoins, you don't need to send anything. If somebody asks you to send any documents to store just Bitcoins, then it is definitely not a good wallet.

They've been put together by heavyweights with very deep pockets. Having said that they have a strangely low profile considering their firepower. I'd be inclined to shop elsewhere for my day to day needs.

ummmm
XAPO is  the bad one wallet bitcoin  :D
he give you free bits for sign up, after it you will use xapo and deposit some bitcoin

xapo will  uses your funds until you pull it and we not know what he did with our balance

Xapo is a web-based wallet system, so alls you need to access it is a web browser and Internet connection. Xapo is known for having reasonably advanced privacy and security features, especially for a web-based wallet. The company supports payments through a debit card system, making it easy to spend your Bitcoins. The app is also friendly for newbies, so if you’re new to Bitcoin, give Xapo a close look.

Pros: Xapo debit card system allows you to use Bitcoin ATMs and spend at merchants across the world.

Cons: Web-based wallets face extra security threats, and you won’t be able to manage your Bitcoins without a Internet connection.

they are legit, heavily invested, with nice looking website..but:

I came to bitcoin, because I want to be the one, who holds all accesses to my "money", without any 3rd party institution, another registration or mails. For me it is "better" web-wallet with all possible cons. I simply don't see any reason to use such service, if there is any, feel free to educate me here:)

xapo is easy to use lightweight and secure what more could you need from a wallet lol

ownership. by using such service you simply believe to somebody else, to some person or persons, which you never met before and you don't even know his name. you believe in country, where servers are located and to some security team which is protecting them. well...is better to believe yourself than others in money questions. At least based on my experience..

Xapo is a trustworthy payment processor but the confirmation time taken is more than blockchain. The only good thing for me is that it does not charge any fee as compared to blockchain. It requires phone verification which makes it more reliable compared to blockchain as there is a 2FA authentication method to stop any fraudulent transactions.

What I do is use a multi-pronged setup:

I use important coins = cold wallet
Medium-term = Coinbase
Short-term = Xapo, Circle

This allows for easier access, while using each of the services like they were designed.

it's good & useful if u use faucet there r some pay directly to it

Always research and compare...

There's Xapo, Bit-X, CCEDK, and probably a few others.

Verification is required to get higher limits but as a simple bitcoin debit card it's the easiest tool to purchase with your bitcoins, just like a credit card...

I'm pretty skeptical about Xapo. Reason is here, read these news:

Judge: Fraud case vs. Xapo CEO can proceed: http://fortune.com/2015/07/06/judge-fraud-case-vs-xapo-ceo-can-proceed/
LifeLock Sues Xapo Executives Over Bitcoin Wallet: https://bitcoinmagazine.com/20695/lifelock-sues-xapo-executives-bitcoin-wallet-intellectual-property/

I stopped using it when it asked for my ID and other personal information like that. Wasn't willing to give that when there are many other alternatives that don't ask for it your privacy is very low compared to other wallet like blockchain.info

I hate xapo,because need id verification+real adress,mobile phones,every login,phone verification.
But this site is safe,and fast.

yep, that's exactly the reason why I'm not using XAPO at the moment. I like their easy wallet (as a hot wallet), but their future is very open in my opinion.

I don't like xapo wallet. I use it because some faucets pay directly to this wallet. But I don't use it for my main bitcoin jobs.

There is too much validation involved with XAPO.  I use electrum instead.

They're bankrolled by investors, though, so I would think that if they closed, they would return funds (allow some way of withdrawing). I don't see any real risk there. Them running with funds, especially with a court case in procession, would destroy their lives.

Running away with money is not the only issue here. Why do we suggest Xapo to this newbie user when there are other good online Bitcoin wallets?

Which online bitcoin wallets are good? Can you explain why?

Generally I don't suggest any online wallet, but if you are a newbie you should start with Blockchain.info.
Never put big BTC's in online wallets. Just use them for micro payments.

Thanks your answer. If someday I have big btcs, I will not put in online wallet.

if you want my opinion, i don't like them. they seem to be legit but my problem is not with their legitimacy.
my problem is that you don't have access to your private keys so in any case that they decide to run away or even block your account , all your bitcoins will be lost forever in their hands.

so in final they act like a bitcoin-bank or something similar? if u don't own the private key, you don't own bitcoins

You cannot use most of the services of Xapo if you dont reveal your personal identity! This is not good! Bitcoin was built for and anonymity! And clearly you are risking both Privacy and Anonymity with Xapo! Switch to Multibit or Electrum if you need a wallet..or blockchain if you need an online wallet.. Blockchain might not be very secure but atleast it doesnt ask who you are and where do you live :)

THey're all different. That's like asking "Why would you say to shop at Walmart when there's also Target and Amazon?"

Ideally, you spread risk, regardless of if you're using online wallets or offline. I see no reason NOT to trust Xapo.

i was used it before but not anyomore because i dont like with identity verification
so far iam using blockchain,its simple than xapo
just because iam not using xapo it doesnot mean its not safe

how about fee transaction ?
xapo never give you fee for send your bitcoin
also xapo give you vault to keep more secure your coin

i have never used them because they are an online wallet and i will never trust them with any significant amount.

so you trust yobit to save your bitcoin ???
you trade on yobit and you earning from bitcoin online wallet

I used XAPO because of faucet purposes. Majority of my referrals commission came from XAPO faucets. That is the only used of my XAPO. And you don't need to give all your identity. Just activate the Send and Receive then you are good to go. I want their free transaction so I can transfer all my balance their to my btc wallet anytime without worrying the fees.

P.S : Don't drink too much coffee.

although there is no transaction fee on xapo i still prefer using other wallet than xapo even i never open my account over there,i've been falling love with blockchain
and so hard to move on from it and using another service

I signed up for them while ago. They're okay. They require too much information though before you can convert your btc to fiat. I would rather use coinbase or sell here

The validation required is meant to serve as a safety measure for YOUR bitcoin funds! It's hilarious how people want the convenience that Xapo offers but none of the security and then these people will start a thread on this forum talking about how their bitcoin were lost or stolen from their laptop.

It also represents a lack of knowledge of how banking businesses are run. A banking business can't be expected to develop a reputation as sophisticated, secure, reputable if they don't have specific security in place to protect their customers assets.

If you don't want the security validation you should keep your bitcoin in an offline or paper wallet...it's not a criticism to Xapo!

Don't use Xapo. they have serious legal problems. They might shut down their site next days.

what :o really ? where did you know ?
is there direct statement from the owner?
i though xapo is one of a good online wallet service especially from safety side

Really? I shared my concerns here in previous page. You even quoted my message. Still you see no reason. Well, good luck to you in your life.

If its comparing faucets and referral commissions... I rather just go with whats been already old and established.

Xapo hasnt been around long enough like freebitco.in but this is just my personal preference.

I am using Xapo due the link from some faucets which send Satoshi directly there. I do not keep too much there as others recommend as well. So far everything wetn well including withdrawn and at no fees.

what must i do if i forget my number and the email ? must i make new one.

In my opinion, online wallets are just for newbies and only for very, very small amounts. When using an online wallet, you are pretty much kissing good bye the statement use Bitcoin in order to be your own bank.

You are trusting your private keys to some servers out there and this makes no sense to me especially since there are so many alternatives out there wallet wise, especially lite wallets that are easily secured.

Me too. Most of my active faucets referrals are active in XAPO faucets. Even XAPO shuts down only a dust of satoshis will be taken. Well overall , I see XAPO as legit "but" of course do not keep big amount of bitcoin in any online wallet even in the most recommended online wallet , Blockchain.

you own the bitcoin but you have to rely on them (a third party) to be able to use your bitcoins. which means you don't have complete control that you can have when using for example bitcoin-core.

agreed with you
this is a third party like a bank but we are not required to pay an administration fee and transaction fee

some people are not concerned about the confidentiality of personal information and he used XAPO, COINBASE

was a good choice

At the end personally  i don't trust the bank, so i don't trust xapo and service like this

They're legit but before they activate your wallet you need to send more documents.

Documents? All I had to do was go through a 1-minute verification. Quick and painless. And if it's the difference between a wallet that stays up and one that crashes and burns (read: you lose everything), it's an obvious choice to me.

the document is needed if you want to have a debit card
if you not interesting use debit card you can sign up easy only verification phone

Ahh, got you. At the moment I'm not dealing with the debit card. With its fees, it's just more efficient to convert to cash -> use a real debit card if that's what people need.

i agree it :)

are u use Bit-X debit card ( your signature)

I'm not. They also have decently high fees. I just can't justify $2.50 per transaction (IIRC they're 0.01 BTC) when I can get transactions for free from my bank. Not to mention most of my debits are small anyways, so the fee would be a significant part of that.

I think Coinbase is doing the same thing, and as far as I know coinbase is the better place.

anyways they are both online wallets and it is not a good idea to use them.

Xapo is good fro micro payments and there are some faucets pay through it
It can be useful for you in your beginning

I have used it for some time. Works well, although the verification steps to register and to operate are quite annoying, one would to prefer to login more quickly to the wallet.

It has a great advantage in which xapo faucets pay you instantly to your wallet, and I think it is also the same when you received transfers from other xapo users.

i like xapo with their no fee charge..
i use this wallet to claim satoshies from faucets & bitcoin games then i will send it to my main address (blockchain) while i think the satoshies amount is enough..

i think it is a good company and has value for people who cant keep their coins safe. bitcoin is not for the average joe and the average joe cant store his BTC in a safe and easy way - Xapo Vault is a good product for that.

One good thing about Xapo is the way they use addresses. It adds a layer of privacy you do not get with other wallets.

I'm not a big fan of online wallets but I often make use of my Xapo wallet to receive funds. When its send out to my Trezor from there there is no link to follow as Xapo use different addresses to send funds than the ones on which the funds came in.

Just check the next time you receive and send funds from Xapo. As said, this adds in an extra layer of privacy to the user as its near impossible to track your wallet balance.

since i has very low experience with xapo wallet I don't think all my points are correct but i will advice you to choice between mycelium wallet and blockchain wallet if you are using android..but in the case of destop their are many options but I will recomment bitcoin core or if you want to install a light wallet then electrum is just fine or armory(haven't tryed this till now)

Not sure if I followed this right. Are you saying it's a lot like how casinos work, where they just merge everything into larger wallets and past the original deposit, you have no idea what any specific account holds?

Xapo.com is good.

Their faucet - see my faucet link in my profile - has great payouts but at least once a week doesn't have enough money in their wallet to payout...it's f*cking annoying. Why can't they have some dust available when one want some dust!?!?

Xapo has no faucet, they only offer a wallet service. Complain to the owner of the faucet if its out of funds. It has nothing to do with Xapo.

it's funny, I just know that xapo is the faucet.
perhaps because many payments through wobsite xapo faucet so that a misunderstanding

Xapo is legit and fast in transaction and it is a web wallet.however there are also wallet that you can use to save your bitcoins in pc like bitcoin core or electrum....

i use xapo eceryday and im not have any issue with it :)
xapo make me save some satosi for pay "fee"

I too use XAPO account for daily activities because the transactions are quite fast and no fee. Their customer service also always responded to my queries. 

Some people dislike them as for me I never even heard about them.

Until recently, and I rather continue with my current services then new ones.

what i like from xapo is no fee transaction and i don't like xapo because need real address because Bitcoin was built for and anonymity

Xapo is nice for getting your faucet payment accumulated, it has a high fee for sending outside xapo wallets. Another downside is that you do not really have control over your bitcoin, who says they actually keep your bitcoin in your wallet? It is a bank all over again.

The debitcard is a nice one too, but I think the fees are a bit high. But the fact you can pay with it anywhere they accept credit/debitcards is a big plus for using xapo. But then again, I would only use it when needed, transferring the requested amount of Bitcoin to my xapo wallet and pay with the card.

You can use xapo to consolidate dust from other wallets by transfering back and forth, but it will cost some fee.

Use Xapo as an extra, small change wallet, not as your main wallets, any other wallet you control the keys is better, be it blockchain, paper or hardware.

I thought Xapo covers fees of transferring funds to an outside wallet?

They did in the past but they no longer charge a fee for sending coins to an 'outside' wallet.

Nice to know things have changed :)

if you register xapo you must confirm it with number phone ? what do you think about "anonymity " ?

Bitcoin was never built for anonynity, the chain is open to see for everyone, the chain was built for decentralisation of transfer, cutting out the middle man(the banks)

What Xapo does is running a bank again, you do not have control over your wallet and they are the middle man, the coins you have stored are not real coins, they can 'print' new coins and only get in trouble if all xapo wallets will be drained at once, which will never happen. It will go wrong, just a matter of time.

some people say Xapo is good wallet for mix coin, but I think Bitmixer is best if you really want to mix it ;)
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