How can I get a UMA address (Universal Money Address)?
How can I get a UMA address?
You have to be an approved Xapo Bank member. Your address will be visible at the profile section in Xapo Bank app.
Is it free to get a Universal Money Address?
Yes. All approved Xapo Bank members can get their Universal Money Addresses for free.
Can I change my UMA address later?
At this moment, this is a manual process. If you really want to change your Universal Money Address, please contact the Customer Success team via the Xapo Bank app.
Does Xapo Bank support UMA deposits and withdrawals?
Xapo Bank is one of the founding members of the UMA network. We are working to enable sending funds to other network participants in Q1 2024 and receiving deposits in Q2 2024.
Can I send fiat and crypto to my Universal Money Address (UMA)?
The UMA can be used for sending and receiving traditional currencies and cryptocurrencies. It eliminates the need to have IBAN or long and unfriendly crypto addresses. Xapo Bank will support UMA withdrawals in Q1 2024 and deposits in Q2 2024
What is Xapo Bank?
Xapo Bank is the first fully licensed and regulated bank for the crypto-native and is a secure bridge that links the crypto world to the fiat world, all from one app.
- USD bank account generating 4.6% annual interest*, paid out daily
- Bitcoin wallet generating 0.9% annual interest*, paid out daily
- Global debit card with zero fees* on foreign exchange transactions
- Up to 1% cash back on all global Xapo Bank debit card transactions
- Connect to blockchain rails and transact in USDC and USDT, with instant and automatic conversions to and from US Dollars
- Deposit and withdraw British Pounds and Euros via the Faster Payments System (FPS) and Single Euro Payments Area (SEPA)
- Dedicated account manager to help you get the most out of Xapo Bank
*The Annual Interest Rate offered on both USD and Bitcoin deposits is variable and may change at any time. Please see our Interest FAQs for more information.
*Interest on both USD and BTC is currently paid in Satoshis. We may instead choose to pay it in any other supported currency or currencies (fiat and/or crypto) from time to time.
*Interest on Bitcoin deposits will only be paid on balances of 5 BTC or less. For more information visit our Help Centre.
Xapo Bank is a crypto-enabled bank licensed by the Gibraltar Financial Services Commission. We give our members access to a US Dollar and Bitcoin account, successfully bridging the gap between traditional banking and crypto. USDC deposits into Xapo are immediately converted to USD on a 1:1 basis, giving instant dollar cash value with zero exchange fees.