Topic: What are the benefits of a Xapo Wallet? - page 2. (Read 2150 times)
I've been using Xapo since I started with Bitcoin and I'm very satisfied. They don't charge any fees which is a major pull in my opinion. Their security is good and Bitcoin process is very simplified. For many this is the way to go since it's much more usable than other options. However I can see that there are disadvantages, I wouldn't put too much money there since we all know how these "exchanges" or banks can run with your money. I trust them but with Bitcoin you never know sadly. So for easy transactions and everyday money I think it's perfect, if you have many BTC that you are holding long term then you should be looking at cold storage.
Only things they have to improve is there support. They said they will improve but that flowed again away. They are not on this forum seen anymore.
besides no cost fee. many faucet sites that provide paid more for users xapo, usually reward is huge, about 3000~ Sat
The only advantages of Xapo is their security which is 2FA where the code is sent directly to your phone for hardened security
And they paid for our transaction fees which is useful when sending a large batch of Bitcoin
But if you want the real security try to use hardware wallet which is almost impossible to break, unless you idiotically posted your private keys openly on the internet
And they paid for our transaction fees which is useful when sending a large batch of Bitcoin
But if you want the real security try to use hardware wallet which is almost impossible to break, unless you idiotically posted your private keys openly on the internet
I am new to Bitcoin and I keep seeing Xapo Wallets mentioned in various places, fairly often. However, I just can't figure out what their benefits are or why someone would want one as opposed to any other type of wallet. Could you please enlighten me? Thanks!
I mostly use blockchain.info wallet rather than xapo as it is faster and easy to understand. The only service i use is mobile topup via direct bitcoin balance.
I am new to Bitcoin and I keep seeing Xapo Wallets mentioned in various places, fairly often. However, I just can't figure out what their benefits are or why someone would want one as opposed to any other type of wallet. Could you please enlighten me? Thanks!
I mostly use blockchain.info wallet rather than xapo as it is faster and easy to understand. The only service i use is mobile topup via direct bitcoin balance. Barely any faucets send payments to Xapo wallet. Just use like blockchain or something like that.
Yeah I really don''t know why people even use a xapo wallet. An online wallet like coinbase is better.
the only one is that the security is handled by them and not by you, if they have some form of insurance this can be good, otherwise not so much, since it would be like riskying your coin like they are on your desktop, if not worse
so only use webwallet with insurance like coinbase for example, they cover your money vs thief/hacker etc...
You are still risking your coins just like a desktop wallet. Coinbase insurance etc, does not cover hacking due to the user's negligence. so only use webwallet with insurance like coinbase for example, they cover your money vs thief/hacker etc...
No transactions fee and that's it. Xapo and Coinbase are useful for users who receive lots of transactions and do not want to pay a huge fee to move everything. Eg. faucet users. Xapo, being a shared wallet, does not allow users to sign message using their addresses and does not allow users to control their private key. Xapo thus have the rights to freeze your coins and can even monitor your spending habits and Xapo users are no longer pseudonymous.
The only benefit I can see was it doesn't charge any fee when sending bitcoin to external addresses. It is also essential to faucet lovers cuz most of the highest paying faucets only pay directly to xapo wallet.
I'm not putting coins into any wallet that has 'terms and conditions'. Pain lies down that road. I've got the tools to look after them myself and I don't have to satisfy no one else.
I heard Xapo stores your bitcoins in cold storage in something like a couple of bunkers around the world but I am not sure if it's 100% true 
I didn't heard about it . and if xapo wallet is used for cold storage then it will be good. but without confirmation we can't say anything about it at present.doesn't matter how they are storing bitcoin. you should only use online wallets if you really have to and only with small amounts.
i don't really see any difference between xapo as a wallet and all those exchangers that claimed they got hacked and people lost their money. they were all claiming to have their bitcoin in cold stored bunkers at first., now look where that got them.
I heard Xapo stores your bitcoins in cold storage in something like a couple of bunkers around the world but I am not sure if it's 100% true
I didn't heard about it . and if xapo wallet is used for cold storage then it will be good. but without confirmation we can't say anything about it at present. 
the only one is that the security is handled by them and not by you, if they have some form of insurance this can be good, otherwise not so much, since it would be like riskying your coin like they are on your desktop, if not worse
so only use webwallet with insurance like coinbase for example, they cover your money vs thief/hacker etc...
so only use webwallet with insurance like coinbase for example, they cover your money vs thief/hacker etc...
Well it depends .If you are a normal bitcoin user and dont hit up faucet then no use of using that site.Most of the faucets are linked up with xapo.
One thing i like the most is XAPO Debit card which is very useful .The reason i like is that because it is the only one which provides debit card in india.
One thing i like the most is XAPO Debit card which is very useful .The reason i like is that because it is the only one which provides debit card in india.
the only benefit of XAPO wallet that i can think of is the option to gather faucet dust, since there are few faucets that pay directly to your XAPO wallet. and also the fact that you are using an online wallet (if you count that as a benefit).
Barely any faucets send payments to Xapo wallet. Just use like blockchain or something like that.
Yeah I really don''t know why people even use a xapo wallet. An online wallet like coinbase is better. 
I heard Xapo stores your bitcoins in cold storage in something like a couple of bunkers around the world but I am not sure if it's 100% true
Most people do not have a Xapo wallet, so their comments will be uninformed. If both parties in a transaction have a Xapo wallet, the transfer of any amount between them will be free. This is why most faucet operators use this wallet, because it is the ideal solution for micro payments.
They have a debit card option too, which gives them a bit of a edge over other wallet providers. The security is also very good, but I would still suggest someone to invest in a hardware wallet for bigger amounts of bitcoins.
Thanks for the information brother, I was also thinking what will be benefits from Xapo Wallet. when we have to do the transaction for micro payments it will be best. please let me know what is the process to get a hardware wallet to keep big amount of bitcoins there. They have a debit card option too, which gives them a bit of a edge over other wallet providers. The security is also very good, but I would still suggest someone to invest in a hardware wallet for bigger amounts of bitcoins.
Most people do not have a Xapo wallet, so their comments will be uninformed. If both parties in a transaction have a Xapo wallet, the transfer of any amount between them will be free. This is why most faucet operators use this wallet, because it is the ideal solution for micro payments.
They have a debit card option too, which gives them a bit of a edge over other wallet providers. The security is also very good, but I would still suggest someone to invest in a hardware wallet for bigger amounts of bitcoins.
They have a debit card option too, which gives them a bit of a edge over other wallet providers. The security is also very good, but I would still suggest someone to invest in a hardware wallet for bigger amounts of bitcoins.
Just like what The Pharmacist mentioned and to add up to it, some faucets only pay to Xapo wallets (only few of them out there as compared to those who pay to Faucetbox) and as result, their reward is a bit higher but also have this in mind that Xapo does have some countries on restriction or rather blacklist and when you use it, due to your geographical location, there is a chance that your accounts gets blocked in the future if the country your in, fall in to that list all of a sudden so it would be advisable to use blockchain.info wallet instead.
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