Modern finance is continuously evolving into the digital space. As more people invest larger sums of money in virtual assets like Bitcoin, they need a bank that can provide greater security and stability between traditional banking and the future of Bitcoin. High-net-worth individuals with significant Bitcoin holdings should not have to juggle between multiple financial platforms to manage their assets.
Xapo Bank serves this exact purpose. Under the regulation of the Gibraltar Financial Services Commission (GFSC), Xapo Bank is a fully licensed private bank and Virtual Asset Service Provider (VASP) that bridges traditional finance and the future of Bitcoin. Any high-net-worth, globally minded individual who wants to grow and protect their wealth will benefit from opening an account with Xapo Bank.
Dedicated Mobile App
Xapo Bank is an industry-leading security provider of Bitcoin custody. Members can use the Xapo Bank mobile app to securely manage their Bitcoin virtual assets and USD on a single interface. It is ideal for global traders who need to move money across borders for various reasons, such as international travel, remittances, and online purchases.
The Xapo Bank app has been a trusted way to store and secure Bitcoin assets since 2013. Its long-standing reputation and popularity make it one of the most reliable money management apps, both for traditional and BTC asset management.
Earn Interest on Your Bitcoin Holdings
Not only can members move their funds effortlessly, but they can earn daily interest of up to 3.5% APY on all USD deposits and up to 0.5% APY on their first two BTC saved. Any member can easily grow their wealth in USD and BTC by simply keeping their assets in the bank and watching them collect daily interest. The daily interest payouts will accumulate wealth quickly, especially if you contribute more investments to it each day, week, or month.
Xapo Bank has zero trading fees and offers a competitive BTC trading spread of 0.1%, typically reserved for the largest institutional players. That means you can expect most of your trades on the platform to stay close to the initial trading bid or ask prices requested.
Generate Instant Liquidity
Long-term Bitcoin holders can generate liquidity without selling their BTC assets. Xapo Bank allows members to borrow up to $1 million in no-fee loans instantly, using their BTC as collateral. The bank’s licensed lending arm, Xapo Credit Limited, oversees the issuance and approval of Bitcoin-backed loans to help members obtain cash while retaining their BTC.
The loan-to-value (LTV) ratios for loans up to $1 million are between 20% and 40%, based on a member’s current Bitcoin holdings. The loan terms range from one month to 12 months, with no hidden fees or early repayment penalties. The interest rates begin at roughly 10% APR. The Bitcoin used as collateral will remain securely locked in Xapo’s high-security vault. They will never be lent out or rehypothecated.
If Xapo Credit Limited approves your Bitcoin-backed loan, it will immediately distribute the proceeds via a bank transfer (USD, EUR, GBP), cryptocurrency transfer (BTC, USDT, USDC, Lightning), UMA transfer, or debit card purchases. You can expect fast approval of your loan application based on your Bitcoin holding history. The more Bitcoin you have in your bank account, the easier it will be to receive loan approval.
Please note that the Bitcoin-backed loans are only available to members in the United States. They are not available to members in the United Kingdom.
Debit Card
Xapo Bank offers a comprehensive debit card service option to members. The Xapo Bank debit card enables members to make purchases and ATM withdrawals of their loan proceeds and assets in USD and BTC. There are no hidden fees for making purchases with the debit card, including foreign transactions.
This global credit card offers up to 1% unlimited cashback in BTC with no FX fees. There is also no cap on the cashback amount, which means you can earn up to 1% on every transaction in Bitcoin that you have with the debit card. Xapo Bank has set a high spending limit (online and in-store) of up to $10,000 per day. If you use the app, you can increase this spending limit up to $50,000 per day. The daily limit resets every 24 hours based on your local time zone.
These high spending limits can accommodate nearly any purchase you want to make, whether you wish to buy gas or a whole new car with your debit card. Members have already made expensive purchases worth many thousands of dollars with the Xapo Bank debit card, and you can too. Plus, you are entitled to free ATM cash withdrawals up to $100 per month, with a 2% fee on all other withdrawals during the month.
The other good news is that merchants worldwide accept the Xapo Bank debit card. There are members in more than 100 countries using the debit card to make purchases online and at their local brick-and-mortar businesses. And to ensure their online purchases are secure, Xapo Bank lets members create and hold multiple virtual cards for all their online transactions and subscription service payments. That way, they don’t have to disclose their actual debit card numbers to any online merchant.
Conclusion
Xapo Bank is a licensed and regulated private bank and VASP that offers many exclusive benefits to its members that few other financial institutions provide. You can stay invested in Bitcoin while accessing liquidity through Bitcoin-backed loans. The repayment plans are flexible, allowing partial payments or a lump sum at any time. The best part is that you won’t trigger any taxable events because you won’t need to sell BTC to gain this liquidity.
Xapo Bank charges a $1,000 annual premium membership fee. However, the benefits of the membership for high-net-worth, globally-minded individuals make it well worth the membership fee. Each membership includes beneficiary features so you can plan and pass on your BTC legacy. That is what makes trading and investing in Bitcoin with Xapo Bank such a unique opportunity.
This communication is not intended for, and must not be acted upon by persons resident in the United Kingdom.
