What are the benefits of a Xapo Wallet?

[vladozlat]

<SNIP>
That is correct. But these features are good only if you are bitcoin newbie and faucet sucker.
A real feature is Xapo Debit Card - your wallet is linked to a XAPO debit card, allowing for easy use of bitcoin everywhere in day-to-day life.
Personally I would not use it because I find their fees a little too much, but others might find it fine.

i have never liked these Debit cards, my reason is that bitcoin was created to eliminate the third parties for using your money which means you do it on your own by having a wallet and sending the bitcoin peer-to-peer but by using the card you are again relying on a third party just like a bank and have to pay their fee too.

I have to agree that the primary use for this Debit card is its ease of use, the card is directly linked to your main wallet, so its advised to get a new wallet thats not public knowledge, so whatever is in that wallet is immediately available for withdrawal (like the skrill / Moneybookers account). I have looked at other bitcoin cards and most require a separate loading to get to the coins. And although in many cases anonymity may be the reason for using these digital currencies, this is a one is the easier ways to easily convert ur bcoins to cash

ntil later

efundz 

 

But if a card directly linked to a wallet it's not as safe as it would be if a card must be loaded manually from wallet balance before using. In case a card is stolen someone could spend all available funds from the wallet instead of only funds loaded to a card. Don't you think so?

[bitbunnny]

<SNIP>
That is correct. But these features are good only if you are bitcoin newbie and faucet sucker.
A real feature is Xapo Debit Card - your wallet is linked to a XAPO debit card, allowing for easy use of bitcoin everywhere in day-to-day life.
Personally I would not use it because I find their fees a little too much, but others might find it fine.

i have never liked these Debit cards, my reason is that bitcoin was created to eliminate the third parties for using your money which means you do it on your own by having a wallet and sending the bitcoin peer-to-peer but by using the card you are again relying on a third party just like a bank and have to pay their fee too.

I have to agree that the primary use for this Debit card is its ease of use, the card is directly linked to your main wallet, so its advised to get a new wallet thats not public knowledge, so whatever is in that wallet is immediately available for withdrawal (like the skrill / Moneybookers account). I have looked at other bitcoin cards and most require a separate loading to get to the coins. And although in many cases anonymity may be the reason for using these digital currencies, this is a one is the easier ways to easily convert ur bcoins to cash

ntil later

efundz 

 

But if a card directly linked to a wallet it's not as safe as it would be if a card must be loaded manually from wallet balance before using. In case a card is stolen someone could spend all available funds from the wallet instead of only funds loaded to a card. Don't you think so?

That is true but I don't use Xapo wallet as a "storage" wallet. I keep theere an amount that I'm planning to spend on the card for a week or so. And that is usualy not much. Loading card for every purchase could be very annoying and unconvenient because of the confirmation time for instance.
But Xapo is extremly easy for spending Bitcoins in everyday life with no transfers, exchanges or other complications whatsoever and that is what I appreciate the most.

[vladozlat]

<SNIP>
That is correct. But these features are good only if you are bitcoin newbie and faucet sucker.
A real feature is Xapo Debit Card - your wallet is linked to a XAPO debit card, allowing for easy use of bitcoin everywhere in day-to-day life.
Personally I would not use it because I find their fees a little too much, but others might find it fine.

i have never liked these Debit cards, my reason is that bitcoin was created to eliminate the third parties for using your money which means you do it on your own by having a wallet and sending the bitcoin peer-to-peer but by using the card you are again relying on a third party just like a bank and have to pay their fee too.

I have to agree that the primary use for this Debit card is its ease of use, the card is directly linked to your main wallet, so its advised to get a new wallet thats not public knowledge, so whatever is in that wallet is immediately available for withdrawal (like the skrill / Moneybookers account). I have looked at other bitcoin cards and most require a separate loading to get to the coins. And although in many cases anonymity may be the reason for using these digital currencies, this is a one is the easier ways to easily convert ur bcoins to cash

ntil later

efundz  

 

But if a card directly linked to a wallet it's not as safe as it would be if a card must be loaded manually from wallet balance before using. In case a card is stolen someone could spend all available funds from the wallet instead of only funds loaded to a card. Don't you think so?

That is true but I don't use Xapo wallet as a "storage" wallet. I keep theere an amount that I'm planning to spend on the card for a week or so. And that is usualy not much. Loading card for every purchase could be very annoying and unconvenient because of the confirmation time for instance.
But Xapo is extremly easy for spending Bitcoins in everyday life with no transfers, exchanges or other complications whatsoever and that is what I appreciate the most.

What about their cold sotrage, according to their website it looks like a really safe place to store bitcoin, do you use it in some cases?. I mean if it's really safe as they say, I could for example store all my funds there (use it as a "storage" wallet) and transfer only small amounts to "usual" wallet and spend only them using a card. Or their cold storage is more about marketing rather than about security? Actually it's quite hard to imagine how do they manage all that vaults somewhere in the mountains when you withdraw funds and how easy this procedure could be compromised

[ArdiPrabowo]

I am new to Bitcoin and I keep seeing Xapo Wallets mentioned in various places, fairly often. However, I just can't figure out what their benefits are or why someone would want one as opposed to any other type of wallet. Could you please enlighten me? Thanks!

benefits and adavantage use xapo wallet
every send bitcoin without fee
and you can get debitcard

but minus xapo wallet not open service private key