Review on Xapo USD by José A Rodríguez
Assessing the Chances of Trading with Xapo's Card
Xapo debit card has been a formidable option for new crypto users who want to save their bitcoins and trade them globally. It works perfectly under an association with the inner Xapo's wallet. I've seen lots of comments and opinions about if it's good or not to trust in this company. Certainly, I always say the same to users who are managing cryptos: proceed carefully among any digital product. In general, I give a chance to Xapo because it has a secure Bitcoin storage that it's currently available for free for all new clients.
An overview in its Cryptography support
Although customers have the possibility of trading with the plastic card, they do not need to worry about trading safety since this card has advanced cryptography security supported by a long pile of multifactor authentication/private key options. Besides, this card is partnered with VISA which gives it global attention and trading. It's trusted by millions who can support their funds with local money like USD, EUR or GBP.
Spending and Withdrawing
In 2020, Xapo offers a high trading framework by dividing its services with equity to new (unverified) users as well as the most advanced. The first ones can spend around 2,500 USD or a similar amount converted in cryptos. The withdrawing process is worthed in 1,000 in the default currency. For regular users, the same process increases by 30%.
To sum up, it's important to remember that Xapo's products are not completely anonymous since it requires certain personal information to start spending/withdrawing. What is more, the company is releasing so many restrictions and closing cutomer's accounts. Anyway, as crypto users, we must know our proper safety measures.
Pros
- Partnered with Visa, which provides worldwide attendance. Good support and maintenance of Bitcoin.
- Advanced and strong security methods based on a potent cryptography process.
- Low fees for high daily movements.
Cons
- Limited facts for unverified users. They cannot complete many online transactions because of the inner policies of the company. It's always better to take a look before trading. Then, become verified.
- The card arriving process lasts so much. New customers have complained because it could last up to a month even for local areas.
- Some world cities are excluded from the card's services. Currently, certain citizens have been required to withdrwa their BTC assets and close their accounts. This issue has disclaimed of being a reliable product.
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Comments (1)
January 27, 2021
It looks like a really useful card. In addition, instant response can be obtained from the support team. This situation looks great and solid for our security. If you are a big investor, it is important to try it.
