Review on Xapo Wallet by Amos joseph
Xapo wallet
Xapo wallet is one of the first crypto wallet I knew and registered with apparently I could say it's still among the best wallet I've used so far.
Xapo wallet is not a decentralized wallet, for a user to be able to fully enjoy features in the wallet like storing, buying, selling and receiving crypto a user need to undergo some verification process whereby necessary information and documents need to be provided. It can be operated offline too using servers that are not connected to the internet, these feature actually makes this wallet unique and different from other wallet. Security and safety of users are highly protected and the company till date have not record any case concerning theft or security breach. A user can also apply for prepaid card which serve as ATM and can be used with PoS for transactions. Doing transaction like sending crypto to other xapo users is free but charges may apply when sending to other wallet users.
Pros
- It's not a decentralized wallet which means verification and documentation are necessary
- Transaction fee within the same wallet are free
- Transaction can be performed offline using card
- Security is safe with good user interface
Cons
- Support few crypto
