Xapo Bank is the only fully licensed bank that makes it simple for members to bank with and grow their Bitcoin. Founded in 2013, it has evolved from an e-money wallet into a digital-first bank that is regulated by the Gibraltar Financial Services Commission. Xapo Bank enables members from nearly every corner of the globe to maximize the value of their Bitcoin by offering a competitive interest rate without needing to stake, lend, or lock up assets.
Members can make their Bitcoin work harder by easily converting it to USD and investing in the US S&P 500 stocks or acquiring select cryptocurrencies, or their USD can earn interest. They can also spend their Bitcoin as easily as fiat, with a universally accepted debit card.
As the Fort Knox of Bitcoin, Xapo utilizes a physical vault in tandem with MPC technology to bolster security for members. A uniquely secure offering with a vast Bitcoin reserve treasury, Xapo Bank also guarantees its members’ USD deposits up to the US dollar equivalent of €100,000, providing a trusted avenue for financial growth.