Xapo Bank Real Deal or Total Steal? Unveiling the Truth Behind the Buzz: Share Your Experiences Now!

[Why]

Has anyone used their service? Any feedback? Are they legit or yet another scam?

 

[cuno]

sending money from Kraken to Wise works very well, takes only minutes. Maybe Xapo is delaying your transfer somehow or they don't operate in the weekend.

 

[Fred]

XAPO is a licensed bank technically and their crypto side is a separate venture imho

EMI's like Wise and Revolut tend to flag such ventures simply as a Crypto Exchange - this happened in the past to MisterTango before they re-branded or Fidor Bank which was mainly used for Crypto Transactions related to Kraken or Bitcoin.de - from todays point of you not a bad move from EMI's like Wise and Revolut as this prevented them from ending as a Laundromat like MisterTango or as a Insolvency Case like Fidor Bank.

As XAPO is a licensed Bank in Gibraltar but entirely focused on Crypto I can imagine that they are getting additional or manual transfer Reviews from EMI's as a SEPA Transfer is nowadays not taking longer then 3 Business Days - usually even SWIFT Transfers are moving faster within 1-2 Business Days.

I did hear only good things about XAPO Bank from clients using the Cashback Xapo Card spending BTC but not using the Fiat On-/Off-Ramping XAPO Bank provides - personally for being a fully regulated Bank I think the Fiat Payment Rails of XAPO Bank could be better.

 

[Propeller]

never had problems with kraken & binance -> Wise using for many years after all.