Xapo Bank Xapo Member
A plan byXapo Bank
Xapo Bank is a fully licensed bank in Gibraltar offering 3.6% APR on USD deposits, BTC-backed loans and zero FX fees. It remains a niche service: the $1,000 annual fee and premium-only access make it suited to a narrow clientele, with the United States excluded.
Xapo Member
- Price
- €83
- Annual price
- €1,000
- Issuance fee
- Free
- FX markup
- 0%
- Cashback
- 1%
- Cashback currency
- BTC
- Required staking
- Nessuno
- ATM fee
- 2%
- ATM limit
- $100/month free
- Net annual cost
- €1,000
What's included
- BTC Savings
- USD Savings
- Stocks & ETF
- Bitcoin-backed loans up to $1M (LTV 20-40%, ~10% APR)
- Global card spending
- Multi-fiat & stablecoin
Data & conditions
| Account fee | €83 |
|---|---|
| IBAN | dedicato · GI |
| Multi-currency | Yes · 3 currencies |
| Outbound transfers to third-party IBANs | Yes |
| Utility direct billing | No |
| SEPA direct debit (SDD) | No |
| On-chain crypto withdrawal | Yes |
| SEPA transfer | Free |
| Interest on balance | 4.1% |
| ATM withdrawal | 2% |
| Free ATM limit | $100/month free |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA, UK, APAC, LATAM, MENA, AFRICA · 110+ countries |
| Regulator | GFSC |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | Banking License (Gibraltar) Gibraltar FSC (bank + VASP); deposit guarantee GBP 120K fiat |
Strengths
- Banca with license vera (Gibraltar); 3,6% APR on USD; BTC-backed loans; 0% FX.
- No notable sovereignty advantage documented.
Weaknesses
- Annual fee $1.000; only premium; no USA.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Gibraltar FSC (bank + VASP); deposit guarantee GBP 120K fiat): reporting to authorities and freezes on order.
Verdict
The high rating comes from a full banking license in Gibraltar (GFSC) and deposit protection up to GBP 120K on fiat, rare in crypto, alongside 3.6% APR on USD and zero FX fees. Coverage across 110 countries and BTC-backed loans make it a robust choice for protection-seekers; the catch is cost, with a $1,000 annual fee and premium-only access that shut out the average user.
Through this lens the picture flips: as a regulated bank with full KYC and custody entirely held by the institution, user autonomy is minimal and privacy is the lowest in the group. The banking strength that convinces on Tutela becomes the main constraint here, since it interposes a regulated intermediary between the user and their own BTC.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is Xapo Bank a real bank?
Xapo Bank operates under a Banking License (Gibraltar) licence (GI). It is regulated by GFSC. Fund protection: $100k USD insurance privata.
Can I send transfers to third-party IBANs with Xapo Bank?
The ability to send transfers to third-party IBANs is not documented; check the official website.
Does Xapo Bank support direct debits and utility billing?
SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.
Which fiat currencies does Xapo Bank support?
The number of supported fiat currencies is not documented. Multi-currency accounts: supported.
Can I withdraw crypto on-chain from Xapo Bank?
On-chain crypto withdrawal is not documented; check the official website.
Sources
- Official service page Plans & pricing · Regulatory framework · OAM Italy registry · Past incidents · +15 Data verified on Jun 15, 2026
- bitcointreasuries.net Third-party audit Data verified on Jun 14, 2026
- customersupport.xapo.com SWIFT fee Data verified on Jun 14, 2026
- fsc.gi Legal name · Company type Data verified on Jun 14, 2026
Show 3 more sources
- pitchbook.com Investors Data verified on Jun 14, 2026
- en.wikipedia.org Founders Data verified on Jun 13, 2026
- trustpilot.com Trustpilot reviews Data verified on Jun 13, 2026