Review on Xapo USD by Muhammed Altın
Xapo
I bought Xapo's debit card, but the deduction fees are already burning the pockets of small investors like us, and it does not make much sense to use it, so you will not want to use it for a long time.
XAPO is very costly and its commissions are very high
I mean I have been using the XAPO wallet for over two years to cash out my bitcoins using their cards, but I have never really stored any tokens in Xapo cold storages and multisig wallets. Because I like to keep my long term money on my desktop instead of any other service provider. I'm not sure if they offer any option to recover your multisig funds in case their service goes down.
And currently using xapo is not a good idea, and many people these days are complaining about fees and pending transactions from their services.
If you really care about your bitcoin and instead want to better control the bitcoin for better transfer on electrum and for security, you can back up your wallet address and change the fee to suit your needs.
Based on my experience at the moment it is not really safe to use the online wallet base because already bad experience with xapo and coinbase, I will continue to use electrum and mycelium for mobile.
Pros
- safe
- it has a mobile app
Cons
- expensive
- slow
- high wages
