The Service is really great, there is also the Option to set your second factor authentifaction to mobile tan and only uppon transactions over x.xxx. liem, u want it
So keep it up Guys
its great
regards
lama-hunter
That's a false feeling of security, they still own your privatekeys therefore for me you are not even a bitcoin user.
XAPO provides web based wallet (and android, ios, etc) with all the strengths and weeknesses of this kind of service.
If you want to use XAPO's debit card solution for it's original purpose like paying with a VISA card at merchants, you should do the same like with your fiat card. E.g. if you have money, let's say 10 (not EUR, USD but just 10 as an amount) If you use your fiat card for daily purchases and you use let's say 1 money per month, you won't put all your 10 money on your card's account but only 1 and you put your remaining 9 money somewhere onto a savings account or you buy stocks or just deposit it in the bank for a longer term for some interest to gain, etc.
But the most important thing is that you can use XAPO's wallet and card and you should use that with the same considerations like you do with your fiat card. You should not put all your Bitcoins into your wallet. You should not write the PIN on the card, you should take care of the card and don't lose it, etc. If you use it like your fiat card, it will be fine.
In this case you will only risk (if it's a risk at all) only the amount of your bitcoins you keep in your XAPO wallet.
For the rest of your bitcoins, there is XAPO's vault, but if you use the vault you still don't have your private key, so if you want to be 100% sure that nobody can take over your bitcoins you should find a trusted wallet you can handle your private key with. Or you should buy a hardware wallet to keep the rest of your bitcoins in.
If you use this solution you will have a desired amount spendable in your XAPO wallet with a VISA card, and the rest of your funds are hidden somewhere and noone can touch them.
If you think about an example from real life, you won't put all your savings in your leather wallet and put it in your pocket, when you go to a market where you can find a lot of pickpocketers... If you use your everyday practices in the bitcoin world, you can't be wrong.
Sorry for writing an essay