Xapo Bank Card
Visa + MastercardcustodialKYC: required
3.0 / 5
Net Reward0.0
Availability3.0
Custody & Risk2.0
Features4.8
UX4.4
The Xapo Bank Card is a globally accepted debit card enabling users to spend both USD and Bitcoin directly, with seamless crypto-to-fiat conversion. Designed for high-net-worth individuals bridging traditional banking and cryptocurrency, it's issued by a licensed Gibraltar-based bank and available in over 100 countries (excluding US residents and US passport holders).
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Slug: xapo-bank-card
Our Verdict
Bitcoin enthusiasts who want to earn and spend BTC while maintaining a connection to traditional banking, international travelers who benefit from zero foreign exchange fees, high-net-worth individuals who can justify the $1,000 annual fee through rewards, interest, and investment features
Pros and cons
Pros
- Zero foreign exchange fees make it ideal for international use
- Up to 1.0% Bitcoin cashback on eligible purchases
- Competitive interest rates on both USD and Bitcoin balances, paid daily in BTC
- Military-grade security with institutional custody
- Lightning Network integration for fast Bitcoin transactions
- Comprehensive wealth platform with stocks, loans, and yield products
- Available in 100+ countries including Canada, Australia, and India
- Universal Money Address (UMA) for instant cross-border payments
Cons
- High annual membership fee ($1,000) prices out casual users
- Not available to US residents and US passport holders
- Fully custodial model means users don't control their private keys
- Limited free ATM withdrawals ($100/month)
- Strict compliance requirements may feel intrusive
- Cashback rates lower for SEPA merchants (0.2%) and non-metal cards (0.5%)
Supported chains
BitcoinEthereum
Supported cryptos
BTCETHUSDCUSDT
Fees
Annual: $1,000 membership fee
Issuance: $0 for metal card (current members)
Purchase Transaction: $0 (0% fee)
Stablecoin Withdrawal: Blockchain fee + variable spread on FX conversion
Key Features
- Up to 1.0% Bitcoin cashback on eligible card purchases (metal card)
- Zero foreign exchange fees for international transactions
- Interest on both USD (~3.5% APY) and Bitcoin (0.5% APY on first ~2 BTC) balances, paid daily in BTC
- Bitcoin Lightning Network integration for instant deposits/withdrawals
- Available in virtual, plastic, and premium metal versions
- Fully regulated bank with institutional-grade security
- Seamless spending from both USD and Bitcoin balances
- Universal Money Address (UMA) for instant cross-border payments
- US stock and ETF trading (0.5% trade fee)
- Bitcoin-backed loans up to $1 million
- BTC Credit Fund with 2-4% net target return
Limitations
- High annual membership fee ($1,000) prices out casual users
- Not available to US residents and US passport holders
- Fully custodial model means users don't control their private keys
- Limited free ATM withdrawals ($100/month)
- Strict compliance requirements and extensive KYC process may feel intrusive
- Cashback rates lower for SEPA merchants (0.2%) and non-metal cards (0.5%)
- ETH and ADA cannot be withdrawn on-chain (only buy, hold, sell within app)
- Occasional support delays reported by users
- Withdrawal delays for large amounts
- Extensive source-of-funds documentation requests
- Merchant category restrictions (card blocked for certain MCCs including gambling and crypto exchanges)
Risks
- CounterpartyFully custodial model - users lose access if Xapo disappearsCustody is always with provider; users lose access if Xapo disappears
- MarketInterest rates are variable and subject to change over timeRates are variable and subject to change over time. Historic marketing materials mentioned 4.1% APY on USD and 1.0% APY on up to 5 BTC; current rates as of late 2025 reflect lower figures.
- MarketPrice increase from $150 to $1,000 annual feeCommon complaints include: Price increase from $150 to $1,000 annual fee
- RegulatoryCrypto holdings not covered by deposit insuranceCrypto holdings not covered by deposit insurance but secured in deep cold storage
Rewards & Cashback
Notes: Cashback is calculated on the final billed USD amount. Applied automatically to qualifying purchases. Interest accrues and is paid out daily in Bitcoin.
Reward Token: Bitcoin (BTC) - paid in satoshis
Cashback Rate: Up to 1.0% BTC (metal card, non-SEPA); 0.5% BTC (plastic/virtual, non-SEPA); 0.2% BTC (all cards, SEPA merchants)
Interest On Balance: ~3.5-3.75% APY on USD (paid in BTC); 0.5% APY on first ~2 BTC
Excluded Transactions:Gambling, Certain financial services, Crypto exchanges
Eligibility Requirements: Not tied to any staking requirements
Spending Limits
Notes: SEPA transfers capped at €100,000 per transfer. Limits apply per individual card (virtual, plastic, or metal).
Atm Daily: $1,000 (adjustable to $2,000 in-app)
Atm Monthly: $100 free
Daily Spending: $10,000 (adjustable to $50,000 in-app)
Credit Line Max: $1 million (Bitcoin-backed loans)
Top-Up Methods
Bitcoin (on-chain)Bitcoin (Lightning Network)USDC (Ethereum)USDT (Ethereum)Bank transfer (ACH/Fedwire)SEPA (EUR)SWIFT
Processing Time: Lightning Network: instant; Bank transfers: varies
Banking & Financial Services
✗
IBAN
✓
SEPA Transfers
✓
SWIFT
✗
Virtual Accounts
✓
Direct Deposit
SEPA network for Euro transfers (€0.10-0.20 fees). SWIFT network for international wire transfers (0.2-0.8% fees). ACH/Fedwire for USD deposits/withdrawals.
Credit & Loan Products
Loan Products
Bitcoin-backed loans up to $1 million with no origination fees and no early repayment penalties. Bitcoin remains in custody earning interest during loan term.
LTV Tiers
20-40% LTV ratios available
Interest Rates
Competitive interest rates (specific rates not disclosed)
BTC Credit Fund available with target annualized return of 2-4% net on BTC through collateralized lending to vetted institutions
Security Features
Features: Multi-layered security with deep cold storage in military-grade bunkers,Zero Trust security model with multi-party computation (MPC) cryptography,Biometric login (fingerprint/face recognition),Two-factor authentication (2FA),Hardware security key option for vault withdrawals,Real-time transaction alerts,In-app card freeze/unfreeze capability,End-to-end encryption for sensitive data
Insurance: Fiat deposits (USD) protected by Gibraltar Deposit Guarantee Scheme up to €100,000 per member. If Xapo Bank fails, the GDGS administrator must pay valid claims within 7 working days. SIPC coverage for US stocks through partner broker.
Mobile Wallet Support
Apple PayGoogle PaySamsung PayiOSAndroid
Best For
Bitcoin enthusiasts who want to earn and spend BTC while maintaining a connection to traditional banking, international travelers who benefit from zero foreign exchange fees, high-net-worth individuals who can justify the $1,000 annual fee through rewards, interest, and investment features
Custody Model
custodialPlatform (Xapo Bank) holds all crypto private keys for users. Users manage funds via app but have no direct key access. Custody is always with provider.
Risk: Users lose access if Xapo disappears. Fully custodial model means users don't control their private keys.
Card Issuer & Compliance
Issuer Name: Xapo Bank Limited (Gibraltar) or Transact Payments Malta (EU cards)
Kyc Required: true
Issuer License: Xapo Bank Limited licensed as a credit institution in Gibraltar, regulated by Gibraltar Financial Services Commission. Xapo VASP licensed as a DLT provider (crypto custodian).
Platform Licenses: Gibraltar Financial Services Commission credit institution license,DLT provider license (crypto custodian),AML/CFT compliance,International sanctions compliance
Availability
Available in 100+ countries worldwide. Key regions missing: United States, Hong Kong, Turkey, South Africa. US residents and US passport holders are not eligible.
Card Tiers
Virtual Card
Virtual onlyVirtual only
Xapo Bank membership ($1,000/year)
Fees
Issuance: Free
VisaMastercardApple PayGoogle PaySamsung Pay
Cashback: 0.5% BTC (non-SEPA); 0.2% BTC (SEPA merchants)
ATM Free: $100/month
FX Free: Unlimited (0% FX fees)
Create multiple cards for one-time useFull card details viewable in-appOnline purchasesSubscription services
Standard Physical Card (PVC)
PhysicalDurable plastic with EMV chip
Xapo Bank membership ($1,000/year)
Fees
Issuance: Free
VisaMastercardApple PayGoogle PaySamsung Pay
Cashback: 0.5% BTC (non-SEPA); 0.2% BTC (SEPA merchants)
ATM Free: $100/month
FX Free: Unlimited (0% FX fees)
Contactless payment capabilityPIN changeable via appIn-store purchasesATM withdrawalsOnline transactions
Premium Metal Card
PhysicalPremium metal construction with minimalist design (no printed numbers)
Xapo Bank membership ($1,000/year)
Fees
Issuance: Free
VisaMastercardApple PayGoogle PaySamsung Pay
Cashback: 1.0% BTC (non-SEPA); 0.2% BTC (SEPA merchants)
ATM Free: $100/month
FX Free: Unlimited (0% FX fees)
Laser-etched detailsLuxury feelGreater durabilitySame features as plastic card
Merchant Restrictions
Gambling merchants- Merchant category code (MCC) excluded
Certain financial services- Merchant category code (MCC) excluded
Crypto exchanges- Card blocked for crypto exchange MCCs
User Ratings
3.9/5.0 (1,008 ratings)
Trustpilot
4.5/5.0 (3,147 ratings)
Google Play
4.8/5.0 (30 ratings)
App Store
Positive aspects frequently mentioned: strong security features, Bitcoin rewards system, zero foreign exchange fees, interest earned on balances paid daily, comprehensive wealth platform. Common complaints include price increase and occasional support delays.
Roadmap & Updates
Recent Updates:
- BTC Credit Fund now open to all eligible members
- Universal Money Address (UMA) integration
Conclusion
The Xapo Bank Card represents a sophisticated bridge between traditional banking and cryptocurrency, offering a unique value proposition for crypto-forward individuals with substantial assets. With its tiered Bitcoin cashback rewards, zero foreign exchange fees, and integration with both major payment networks and Bitcoin's Lightning Network, it provides unparalleled convenience for those looking to use their crypto holdings in everyday life. The card's standout features include competitive interest rates on both USD and Bitcoin balances paid daily in BTC, robust security through Xapo's military-grade storage facilities, and a comprehensive wealth platform offering US stock trading, Bitcoin-backed loans, and institutional-grade yield products. However, the $1,000 annual membership fee represents a significant limitation, effectively pricing out casual users with smaller balances. For users who can justify the annual fee through rewards, interest, investment features, and zero FX fees, the Xapo Bank Card offers one of the most comprehensive regulated banking solutions with native Bitcoin integration available today.
Card launched: 2022 (with Xapo Bank launch)
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