What is Xapo Bank's Bitcoin Vault?

Xapo has been a pioneer in the Bitcoin ecosystem, which is why the security of our members' Bitcoin remains a top priority.

This is where the Bitcoin Vault comes in. You deposit your Bitcoin in the Bitcoin Vault on the Xapo Bank app and enjoy additional layers of security to keep your Bitcoin protected. It has been designed for storage specifically and is kept entirely separate from the standard BTC account, BTC Savings account, and global debit card.

Depositing funds in the Bitcoin Vault is seamless and totally free. When you withdraw your Bitcoin, there’s a 48-hour transfer delay that gives you the option to cancel at any time. 

Xapo Bank is one of the safest places to store your Bitcoin, and we maintain the highest security standards to keep our members’ Bitcoin safe at all times.

Here’s how we do it:

1. Fully regulated Bitcoin Custody Services as a VASP (Virtual Asset Service Provider)
2. We have one of the largest Bitcoin reverses in the world
3. We have never suffered a digital breach or hack since we opened our doors in 2013. This proves that we implement best-in-class security for uncompromised safety.

We are the only Bitcoin-enabled bank that successfully bridges the gap between crypto and fiat. Here are the Bitcoin storage options you’ll find on the Xapo Bank app:

• Bitcoin account: Send, receive and spend Bitcoin
• Savings: Earn 0.9% annual interest on your Bitcoin deposits*
• Vault: Secure your Bitcoins in the long-term

• Send and receive Bitcoin to your Bitcoin wallet and even pay in Bitcoin with your global Xapo Bank debit card.
• Make super-fast, low-cost Bitcoin transactions through our integration with the Lightning Network.
• Grow your Bitcoin in your Savings account with 0.9% annual interest paid out daily.

You also have access to a USD bank account that earns 4.6% annual interest with daily payouts, and a global Xapo Bank debit card which gets you 1.1% cashback every time you spend. 

Currently, Xapo Bank exclusively supports Bitcoin. However, we offer our members blockchain-payment rails, allowing for smooth and flexible transfers, including support for seamless USDT and USDC transactions to and from your Xapo Bank USD account.

We automatically convert USDT and USDC to and from US Dollars.

You can easily open an account at Xapo Bank today. Apply below or fill in the form on the right and start enjoying the best crypto-native banking experience.

*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 Bitcoin deposits will only be paid on balances of 5 BTC or less. For more information visit our Help Centre.