Xapo Bank review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Xapo Bank runs a bank account and a crypto earn product in one place, which suits people who want cash and coins on the same balance rather than a trading desk. The earn rate reads 4.1% to 4.6%, withdrawals are instant, and card spend earns 3% back in cashback.
Key facts
- Best for
- One account for everyday banking, a crypto earn balance and card spending, with currency conversion at 0%.
- Yield
- 4.1% to 4.6%↗
- Supported assets
- USD, BTC, USDC, USDT↗
- Lock-up terms
- No lockup - instant withdrawals↗
- Custody
- Custodial↗
- Legal entity
- Xapo Bank Limited↗
- Headquarters
- Gibraltar↗
- Founded
- 2013↗
- Support channels
- Email, Chat, Help-centre↗
- Features
- Multi-currency, Crypto, Virtual card, Travel
- Official website
- xapobank.com
Pros and cons
Pros
- Currency conversion costs 0%, so holding or spending several currencies carries no markup.
- The earn product pays 4.1% to 4.6% and withdrawals are instant, so the balance stays liquid.
- A debit card paying 3% cashback covers everyday spending inside the same account.
- Supervised by the Gibraltar Financial Services Commission, and trading since 2013.
Cons
- The earn rate of 4.1% to 4.6% sits under the 7% median for earn products, so the account competes on the bank, not the rate.
- The asset list is USD, BTC and USDC, well short of the 137.5 asset median across earn products.
- Support runs on email, chat and help centre, with no phone line in that set, so a card blocked abroad waits for a written reply.
Who it suits
- People who want fiat and crypto inside a single account rather than separate apps.
- Spenders who convert currency often, since the conversion fee is 0%.
- Holders of the major assets, since the earn product covers USD, BTC and USDC.
Who should look elsewhere
- Bit2Me, whose earn range of 0.5% to 19.2% runs far higher, for readers who put the rate first.
- bunq Crypto Spain, which lists 8.25%, for anyone wanting more than the 4.1% to 4.6% range.
- VaultLeap, which covers USDC, for people who want to earn outside a custodial bank account.
How Xapo Bank compares
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Where Xapo Bank is available
- Licence in Gibraltar
- Gibraltar Financial Services Commission, checked September 26, 2026
Frequently asked questions
How much can I earn on crypto at Xapo Bank?+
The earn product pays 4.1% to 4.6% and the balance can be withdrawn at any time. That is a savings rate, not a trading return, and it sits below the 7% median for earn products.
Which assets can I put in the earn balance?+
The earn balance covers USD, BTC and USDC. That is a short list next to the 137.5 asset median across earn products, so anyone after a long tail of coins needs a platform built for trading first.
What does the card cost to use day to day?+
The card is a debit card, currency conversion costs 0%, and spend earns 3% cashback. Card features also cover multi currency, crypto and virtual card, which keeps the spending side of the account cheap to run.
Who regulates Xapo Bank?+
Xapo Bank Limited is supervised by the Gibraltar Financial Services Commission, and the operation is based in Gibraltar. The company has been running since 2013, with a bank account and card under the same name.
Can I get my crypto out straight away?+
Withdrawals from the earn balance are instant and there is no lockup period. The trade-off is custody: coins are held by the bank, since custody is custodial, so this is not a self-custody wallet.
How do I reach support if a payment is blocked?+
Support runs through email, chat and help centre. There is help centre content, chat and email, but no phone line in that set, so a card blocked while abroad means waiting for a written reply.
How does the earn rate compare with other platforms?+
At 4.1% to 4.6% the rate sits under the 7% median and well under the 14% upper quartile for earn products. Bit2Me lists 0.5% to 19.2% and bunq Crypto Spain lists 8.25%, so the choice often comes down to the bank account around the rate.
Who does Xapo Bank suit?+
Xapo Bank suits readers who want one account for everyday banking and a crypto earn balance rather than a separate exchange. Cashback of 3% and conversion at 0% make the spending side the strongest part of the offer.
Sources
- xapobank.com/en checked September 26, 2026
Backs: Headquarters
“One Grand Casemates Square, Gibraltar”
- xapobank.com/en/banking/custody checked September 26, 2026
Backs: Custody
“secure your assets in military-grade bunkers”
- xapobank.com/en/banking/earn checked September 26, 2026
Backs: Supported assets, Lock-up terms, Yield
“Auto-convert USDC and USDT deposits to USD”
- xapobank.com/en/banking/transact checked September 26, 2026
Backs: Card type, Cashback rate, Features, Currency conversion fee
“metal, standard, and virtual debit cards - Xapo Bank membership debit card”
- xapobank.com/en/company/about-us checked September 26, 2026
Backs: Founded
“Xapo was founded to protect life savings in Bitcoin”
- xapobank.com/en/company/compliance checked September 26, 2026
Backs: Licences
- xapobank.com/en/contact checked September 26, 2026
Backs: Support channels
“chat with our support team 24/7”
- xapobank.com checked September 26, 2026
Backs: Legal entity
“Xapo Bank Limited is regulated by the Gibraltar Financial Services Commission”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Related by the facts
Xapo Bank
One account for everyday banking, a crypto earn balance and card spending, with currency conversion at 0%.