Xapo Bank

Xapo Bank is a banking service that lets customers buy and sell bitcoin. In the source data it is classed as a crypto broker or exchange app, and the listed exchange direction is fiat to crypto with BTC as the only named asset.

Services

The core function described is purchase and sale of bitcoin for fiat money within a bank account setting. This differs from a pure exchange or a multi-asset converter, because the crypto function sits next to a banking relationship with the provider.

Availability

According to the profile, whether a particular direction is open depends on the customer's country and on the client's verification. Prospective customers should therefore confirm that their jurisdiction is served and which documents are requested before opening a relationship.

Fees and limits

No fee schedule, limits or processing times are stated for Xapo Bank. Those terms, together with the regulatory status of the entity serving a given country, should be requested from the company.

Who it suits

The offer is relevant to individuals and businesses that mainly want exposure to bitcoin through a bank-style account and do not need a wide list of altcoins or on-chain network choices. It is a narrower proposition than a full exchange or an OTC desk.