What are the benefits of a Xapo Wallet?

[teddy5145]

The only advantages of Xapo is their security which is 2FA where the code is sent directly to your phone for hardened security
And they paid for our transaction fees which is useful when sending a large batch of Bitcoin

But if you want the real security try to use hardware wallet which is almost impossible to break, unless you idiotically posted your private keys openly on the internet

[betohell]

besides no cost fee. many faucet sites that provide paid more for users xapo, usually reward is huge, about 3000~ Sat

[onlinedragon]

Only things they have to improve is there support. They said they will improve but that flowed again away. They are not on this forum seen anymore.

[mtnsaa]

I've been using Xapo since I started with Bitcoin and I'm very satisfied. They don't charge any fees which is a major pull in my opinion. Their security is good and Bitcoin process is very simplified. For many this is the way to go since it's much more usable than other options. However I can see that there are disadvantages, I wouldn't put too much money there since we all know how these "exchanges" or banks can run with your money. I trust them but with Bitcoin you never know sadly. So for easy transactions and everyday money I think it's perfect, if you have many BTC that you are holding long term then you should be looking at cold storage.

[isvicre]

If they run away with your coins, just like TradeFortress did in inputs.io, you can't see your coins again. I think that's not benefit.
The point is you can't trust online wallets, if they lose your coins you can't prove anything when you take a legal action. At least I haven't seen any Bitcoin return from court decisions.

[mtnsaa]

If they run away with your coins, just like TradeFortress did in inputs.io, you can't see your coins again. I think that's not benefit.
The point is you can't trust online wallets, if they lose your coins you can't prove anything when you take a legal action. At least I haven't seen any Bitcoin return from court decisions.

Well I'm not sure because with Xapo they send you an email and there's plenty of evidence if you want to save it and take the time. But like I said, it's more like a real wallet, you have day-to-day money not your whole savings and for that it works perfectly. I don't have as many doubts about many of you about Xapo but at the same time I wouldn't trust any Bitcoin online service with my whole share, just a small part of it.

[cancerbola]

The only benefit is that you don't have to pay fees when sending bitcoins, so you can use it as a mini spending wallet. I personally wouldn't keep that much bitcoins in there, as you actually don't own the private keys. The most I'd keep in there would be 0.05, and I'd use that for buying stuff without paying for tx fees.

Oh yeah, Xapo requires you to verify your identification before you can fully access all its functions (like sending to external addresses), which defeats the purpose of anonymity.

[Decoded]

Only two advantages that I know of,

1. They pay your transaction fees, which are obviously not much of a difference if you are rich, but if you make your money from faucets, a normal TX fee is about a day of work.

2. Faucets pay into your wallet instantly.

[Snorek]

Only two advantages that I know of,

1. They pay your transaction fees, which are obviously not much of a difference if you are rich, but if you make your money from faucets, a normal TX fee is about a day of work.

2. Faucets pay into your wallet instantly.

That is correct. But these features are goo 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.

[Herbert2020]

Only two advantages that I know of,

1. They pay your transaction fees, which are obviously not much of a difference if you are rich, but if you make your money from faucets, a normal TX fee is about a day of work.

2. Faucets pay into your wallet instantly.

That is correct. But these features are goo 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.

[onlinedragon]

Only two advantages that I know of,

1. They pay your transaction fees, which are obviously not much of a difference if you are rich, but if you make your money from faucets, a normal TX fee is about a day of work.

2. Faucets pay into your wallet instantly.

That is correct. But these features are goo 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 see it more like an easy exchange and when you in need of money it can help you out.

[ranochigo]

Only two advantages that I know of,

1. They pay your transaction fees, which are obviously not much of a difference if you are rich, but if you make your money from faucets, a normal TX fee is about a day of work.

2. Faucets pay into your wallet instantly.

That is correct. But these features are goo 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.

That's true. However, Bitcoin adoption rate is quite low and there is much more places that accepts debit card than Bitcoin. If you want to indirectly spend Bitcoins, this is probably one of the more viable way. Xapo does have a high fee but it is still acceptable to me, considering that I could use the card on the fly with Bitcoin loading.

[efundz1]

<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 

 

[naidray]

So far I just use coinbase and blockchain accounts. Xapo looks good as I heard that from one Xapo account to another Xapo account it is fees free and instant transactions. But I don't like Xapo's requirement of mandatory mobile verification in case of a digital currency that should best be anonymous.

[BTCLovingDude]

i didn't like their website. it is not as good as coinbase. anyways the only possible use that i have for my xapo wallet is for faucet dust payments.

[Rude Boy]

I think, by using xapo wallet, you don't need to remember the long string i.e., bitcoin address. All you need to get payment is just type the email address (if you're a faucet user) and i think some online wallets like coinbase can able to send to your xapo account directly when you type the email.

Anything other than this?

[mtnsaa]

I think, by using xapo wallet, you don't need to remember the long string i.e., bitcoin address. All you need to get payment is just type the email address (if you're a faucet user) and i think some online wallets like coinbase can able to send to your xapo account directly when you type the email.

Anything other than this?

Yes but you see, most people here want it the other way around because they want to kill the "middle man". And then they wonder why doesn't Bitcoin can't get more exposure and be adopted by common people, the debate is useless. Xapo and other compaines have done what they could to bring Bitcoin to the masses, it's just seem pointless right now.

[vladozlat]

Barely any faucets send payments to Xapo wallet. Just use like blockchain or something like that.

Yeah I really don''t know why people even use a xapo wallet. An online wallet like coinbase is better.

Why do you think it's better?

[klaaas]

A reminder, Dont forget your password, it will take a 24h minimal to get it back.

[TraderETH]

The benefit of a xapo wallet, of course we can save bitcoins on there and it is include online wallet. Unfortunately we can not control the wallet because of we don't have private key, it will become dangerous for our bitcoins, there are no people who give guarantee xapo wallet will not become scam wallet.