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Revainrating 4 out of 5

XAPO

Xapo is an online wallet and exchange platform where you can stash and purchase coins. It starts as vault service provider but added exchange services as well. The owner of the platform is Wences Casares, who holds the position of CEO within the company. The platform is based in Zurich, Switzerland and offers debit cards as a means of payment when it comes to cryptocurrency exchange. Its services are available for all traders, regardless where they live, with exception of Xapo’s debit card…

Pros
  • Vault has good security functions, including cold storage of coins
  • Offers debit cards as a payment method (available in Europe only)
  • Privacy allowed
Cons
  • Platform available only as a mobile app
  • Verification is required to send and receive bitcoins
  • The reputation of the company is largely negative
  • Fees might be high for traders that use a few coins
  • Only bitcoins are supported by Xapo’s wallet services