Review on Xapo USD by David Olayide
The Xapo Card For Trading Crypto
The Xapo debit card is a crypto debit card built to work just like other cryptocurrency debit cards. The Xapo card also works much like a regular debit card, with the only difference being that it’s linked to your Xapo web wallet rather than a bank account. The Xapo debit card allows you as a card holder, to make purchases with your Bitcoin or other digital currencies and also withdraw hard cash straight from ATMs. It can be used anywhere worldwide, that accepts VISA. For fiat, the USD, GBP, and EUR currencies available.
The Xapo debit crypto card makes it so easy to monitor your expenses because you’re always and immediately notified of each transaction or debit alert that occurs. The card has a daily spending limit that can be increased to unlimited if only you provide some sort of documents for verification.
Apart from that, you can only spend about $2,500 per day with a maximum of two ATM transactions per day. The Xapo debit card fees includes a one-time payment of $20 for the card issuance fee. Incase you need to change the pin of your card you’ll have to pay a small token of $1. But it is cheaper if you’re using your card in the card’s spending currency. If you’re using it abroad in another currency, the fees could definitely be higher.
Xapo is regarded as a reputable company, so that lends a sort of credibility to it’s safety.
Pros
- Visa backed
- Reliable and Safe
- Monitored notifications on transactions
Cons
- Monthly fee
- Daily limit
