Review on Xapo Wallet by Robiul Islam
It has been in the cryptocurrency industry for a significant period of time.
It's a web-based Bitcoin wallet that allows users to access a mobile application or online. It manages to store most of the funds in deep cold storage vaults, leaving them in the rest of the web wallet for easy access. One of the important things about the wallet is that users can conveniently place a Visa Debit Card.
This is arguably a difficult choice but I still wouldn't recommend it. Although it is the product of a reputed company in Hong Kong, the wallet is not regulated. It raises the alarm with protection.
Pros
- Visa card for commodious withdrawal and payment.
- Cold storage for user funds.
- Run by creditable entrepreneurs.
- Multiple methods of adding funds to wallet.
Cons
- Only cards are available to users in some European countries.
- Not controlled, only supports Bitcoin.
- Lengthy initial setup process.
- User verification is required before sending or receiving wallet funds.
