Xapo Bank
Read all reviews for Xapo Bank →
BTC, USD, stocks – Xapo handles it all
Updated review – March 2025 I originally wrote a review on September 23, 2024, after first testing Xapo Bank. Since then, I’ve used it regularly and consistently, and I feel it’s time for an updated perspective based on actual, long-term usage. I now use Xapo Bank as a hub for managing Bitcoin, USD holdings, and stock investments. The integration between BTC, USD, USDT, and the Lightning Network is excellent. Payments work seamlessly both in Norway and abroad, and the BTC buy/sell spread is tight enough for active use. The 3.9% interest on USD is also very attractive and gives me a solid place to store value between trades or while waiting for new investment opportunities. Combined with Lightning support, USDT on/off ramps, and access to global stocks, I believe the platform is well worth the $1,000 annual fee – especially given the functionality and efficiency it offers, even though I’m far from a whale. I store my long-term BTC in self-custody (multisig and single-sig), but I use Xapo to move in and out of BTC depending on fair price signals. I’ve also started using their fractional stock trading, and at a 0.5% fee, it’s become a practical way to diversify out of BTC in certain market phases. I haven’t needed to use the Vault yet, but I’ve set it up with two YubiKeys. My main request going forward is to allow YubiKey or stronger multi-factor security also for savings withdrawals – especially when larger amounts are involved. It would make me even more confident in keeping value on the platform. In short: Xapo has proven to be more than just a good Bitcoin bank – it’s become a flexible financial base for a BTC-forward strategy. Not your keys? No. But with careful limits, clear purpose, and multi-layered custody, it’s a tradeoff I’m comfortable with.