Xapo Bank

Xapo Bank is a private financial institution headquartered in Gibraltar, specializing in services tailored for Bitcoin holders. Established in 2013, Xapo initially focused on providing secure Bitcoin storage solutions and has since evolved into a comprehensive banking platform that integrates traditional financial services with cryptocurrency offerings. The bank offers members the ability to securely store Bitcoin and USD, earn interest on their holdings, and access Bitcoin-backed loans of up to $1 million, allowing clients to obtain liquidity without selling their Bitcoin assets. Additionally, Xapo provides a global debit card that offers up to 1% Bitcoin cashback on purchases, facilitating seamless spending worldwide. With a strong emphasis on security, Xapo employs a multi-layered protection system, including underground vaults and advanced cryptographic technologies, to safeguard client assets. The institution operates under the regulation of the Gibraltar Financial Services Commission, ensuring compliance with financial standards while catering to the needs of the cryptocurrency community.