Xapo Card
- USD bank account in your name
- VIP-like concierge support
- 0% FX Fee, very low fees overall
- 1% cashback with no monthly cap
- $1,000 USD yearly membership fee (~$85/month)
- No Apple Pay, must use physical card
-
Key Features
Xapo Card Benefits and Rewards
Xapo Card offers 0.2% – 1% cashback, paid in Bitcoin (BTC).
Your cashback is calculated based on the purchase amount in USD, then converted into Bitcoin and credited to your BTC balance. Rewards are paid automatically on the 5th of each month, once transactions have settled.
The cashback rate depends on where the merchant is located and which card you have:
| Merchant Location | Card Type | Cashback |
| EU Countries | Any Card | 0.2% |
| Outside Europe | Plastic of Virtual Card | 0.5% |
| Outside Europe | Metal Card | 1% |
There is no monthly cashback cap, which is rare among crypto cards. The only limit is the $300,000 monthly spend limit, meaning you could earn up to $3,000 cashback per month at 1%.
Reality CheckAlthough other cards may advertise higher cashback rates, entry-level users with 1,000 USD in assets typically receive much lower cashback rates from those cards. When compared at the entry-level tier, Xapo Card's 1% cashback offers more value:
| Xapo Card | Industry Average1 | |
| Entry Level Cashback | 1% | 1% |
| Entry Level Cashback Monthly Cap | 3,000 USD | 60 USD |
In addition, your Xapo Card includes 1 free airport lounge visit per year. After that, each visit costs $35 per person (guests also $35).
Xapo Card is a Debit Card
- Debit Card
- Credit Card
- Prepaid Card
- US
USA-based Bank Account- in your name
Xapo Card is a debit card, connected to your chosen asset account on Xapo platform. Alongside, Xapo offers you a personal bank account. You'll receive a USA-based bank account number, issued in your name, which is a nice additional option to have.
Useful:Some crypto card companies only allow fiat deposits from accounts that are directly in your name. With Xapo, third party senders are able to deposit funds into your bank account, which means you can receive fiat withdrawals from exchanges or receive salary payments.
It Comes in Both Physical and Virtual Forms
You can get Xapo Card in both physical and virtual versions, a feature only available with 30% of crypto cards. They'll mail you the physical card, and you can instantly get the virtual card online after completing KYC Identity Verification.
Wondering about the perks of each card type? Here are some highlights:
Physical Card | Virtual Card |
|---|---|
| ATM Withdrawals | Second Card Number |
| Required for Car Rentals, Hotels | Instant Availability |
| Useful When Phone Dies, or no Wifi | Freeze for Safety |
| Backup Payment Method | Set Lower Spend Limits |
Cost to Order: 0 USD | Cost to Order: 0 USD |
You will find the physical Xapo Card useful for in-person purchases, while the virtual card will be perfect for online transactions like subscriptions.
Crypto-to-USD Conversion Cost with Xapo Card
Xapo Card Requires Pre-Load
Before you can use your Xapo Card, you will need to top-up your account. This means you will have to convert your crypto in advance, exchanging it to USD and moving it to the card account, to make it available for spending.
| Crypto to Fiat Conversion Fee | 0% |
| Sell Spread | ~0.1% |
| Load Fee | 0% |
| Transaction Fee | 0% |
| Total Crypto to USD Cost | ~0.1% |
Low Cost:Compared to the average ~1.7% crypto-to-fiat cost of other cards, converting crypto with Xapo Card is much more cost-effective (~0.1%). This means that you will get more USD for your crypto when using this card.
From all crypto cards we reviewed, KAST Card, Xapo Card and WhiteBIT Card offer the cheapest crypto-to-fiat conversions (~0%, ~0.1% and ~0.28% respectively), while converting crypto with OWNR Card will cost you the most, ~4.64%.
How Does Xapo Card Compare to Other Crypto Cards?
Xapo Card ranks #11 out of 65 amongst all the crypto cards we have reviewed so far. This means it's in the Top 30%.
Strongest Features Against Competitors
Here are the strongest features of Xapo Card against its 65 competitors:
- Offers up to 3,000 USD per month in cashback for entry-level users (exceeding the competitors' 60 USD average).
- Has a Foreign Exchange Fee of 0% (other cards have 1.5% average).
- Provides a substantial ATM widthdrawal allowance of 2,000 USD per day (average amongst other cards is only 1,000 USD).
- Their customer service is very good with a 9.5/10 score (others score only 7.3/10 on average).
- You can get both a physical card and a second virtual card (while 70% of competing crypto cards offer only one type - either physical or just virtual).
- Their crypto-to-fiat conversion cost, including all related fees and spread, is among the lowest at ~0.1% (versus an average of ~1.7% with other cards.)
- Their overall fees & limits structure is incredibly generous, with a score of 8.2/10 (average fees & limits structure rating amongst other cards is 5.8/10).
Weakest Features Against Competitors
Compared to its 65 competitors, here are the shortcomings of Xapo Card:
- Apple Pay isn't enabled (while 70% of competing crypto cards have it).
- Offers up to 1% cashback (while other cards give an average of 4%).
- Daily spend is capped at 50,000 USD (while other cards offer 89,000 USD daily spend limit on average).
- Supports only 3 cryptocurrencies (while other cards support an average of 15).
- Requires preconversion of crypto to load the card (while 40% of competitors auto-convert on every purchase).
Xapo Card vs. Ether.fi Card vs. KAST Card
Xapo Card
|
Ether.fi Card
|
KAST Card
|
|
|---|---|---|---|
| Monthly Fee | 85 USD | 0.00 USD | 0.00 USD |
| Crypto to Fiat Cost | ~0.1% | 0% + Gas Fees | 0% |
| Highest Cashback | up to 1% | up to 3% | up to 8% |
| Entry-Level Cashback | 1% | 3% | 2% |
| Daily Spending Limit | 50,000 USD | 50,000 USD | Unlimited |
| Daily ATM Limit | 2,000 USD | 750 USD | 1,500 USD |
| Foreign Exchange Fee | 0% | 0% | 2% |
| Asset Management | Custodial | Non-Custodial | Custodial |
Availability for  United States |
|||
| Supported Cryptocurrencies | 3 | 4 | 4 |
| Apple Pay | Not Enabled | Enabled | Enabled |
| Customer Service | Great | Great | Great |
| Brand Authority | Growing | Growing | Growing |
If you plan to use your card for daily purchases, then daily spending limit is an important consideration for you. KAST Card offers an unparalleled Unlimited daily spending limit. You will get lower daily limits with Xapo Card and Ether.fi Card.
Cashback rewards are a great way to earn back some of the money you spend on your card and is an important consideration as well. Out of the three, KAST Card offers the best cashback rewards of up to 8%. The cashback rewards for Xapo Card and Ether.fi Card are not as high.
To make a good choice, look through all features, as it is an individual choice. If you will mostly do online transactions with this card, then Apple Pay availability may not be a very important feature for you. If you travel a lot, foreign exchange rate will matter. And so on.
Xapo Card ATM Fees: The Real Cost of Cashing Out
Local ATM Withdrawals in USD
Here's a breakdown of the fees you'll face when making local ATM withdrawals with your Xapo Card:
Starting with an initial amount of 200 USD in BTC, the ATM withdrawal with Xapo Card will cost you a total of ~7.2 USD (3.6% of 200 USD), resulting in a final cash withdrawal of 192.8 USD in hand.
Doesn't Xapo Card Offer Free ATM Withdrawals?
Yes, Xapo offers free ATM withdrawals for up to 100 USD per month, which is lower than the typical 200 USD offered by other cards.
When they say 'free', they are only referring to their ATM Withdrawal Fee, which will be waived for the first 100 USD withdrawn per month. In our example, if you withdraw 200 USD, this waiver saves you 2 USD, reducing your local ATM withdrawal cost to around 5.2 USD, compared to the standard cost of approximately 7.2 USD.
International non-USD ATM Withdrawals
Things will get significantly worse for International ATM Withdrawals. If you're out of country and cashing out with your Xapo Card, here's what it will look like:
For an international withdrawal using your Xapo Card with an initial 200 USD in BTC, you'll incur fees totaling ~13.2 USD (6.6% of 200 USD), leaving you with 186.8 USD in the equivalent foreign currency.
Reality CheckCompared to other crypto cards, Xapo Card is more cost-effective for both local and international ATM withdrawals:
| Cost with Xapo Card | Cost with Other Cards | |
| Local ATM Withdrawals | ~7.2 USD (3.6% of 200 USD) | ~9 USD (4.5% of 200 USD) |
| International ATM Withdrawals | ~13.2 USD (6.6% of 200 USD) | ~18 USD (9% of 200 USD) |
From all crypto cards that we reviewed, Trade Republic Card, Holyheld Card and Bit2Me Card offer the cheapest local ATM withdrawals (2.2%, 2.5% and 2.7% of 200 USD respectively), while OWNR Card scores the worst, landing last on the list with a total local ATM withdrawal cost of 9% of 200 USD.
Xapo Referral Code - to Get 500 USD Bonus
You can use referral code DTA-WMJ-EC to get 500 USD bonus when you create an account on Xapo platform.
Here's how you can enter the referral code:
..or, just click here.
Your bonus will be paid out to you in BTC (Bitcoin), right after you signup and maintain a balance of $5,000 for a year.
p.s. Are we getting paid for referring you? Yes, and it helps us continue our mission. It's like you are buying us lunch 🍱 for all the hard work we've put into building this site. We really appreciate it. Thank you. 🙏🤗
Is Xapo Card Available for Residents of United States?
No, Xapo Card is not available for residents of United States.
Xapo Card supports the following countries: Åland Islands, Albania, Algeria, Andorra, Angola, Anguilla, Antarctica, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahrain, Belgium, Bermuda, Bolivia, Bonaire, Sint Eustatius, and Saba, Brazil, British Virgin Islands, Brunei, Bulgaria, Cabo Verde, Chile, China, Colombia, Cook Islands, Costa Rica, Croatia, Curaçao, Cyprus, Czechia, Denmark, Dominican Republic, Ecuador, Egypt, El Salvador, Estonia, Eswatini, Faroe Islands, Finland, France, French Guiana, French Polynesia, Georgia, Germany, Gibraltar, Greece, Guadeloupe, Guatemala, Guernsey, Guinea, Hungary, Iceland, Ireland, Isle of Man, Italy, Japan, Jersey, Kosovo, Kuwait, Latvia, Liechtenstein, Lithuania, Luxembourg, Macao, Malaysia, Malta, Martinique, Mayotte, Mexico, Moldova, Monaco, Montserrat, Morocco, New Caledonia, New Zealand, Niue, North Macedonia, Norway, Pakistan, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Réunion, Romania, Saint Barthélemy, Saint Martin, Saint Pierre and Miquelon, San Marino, Saudi Arabia, Serbia, Singapore, Sint Maarten, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Tanzania, Thailand, The Netherlands, Tunisia, Türkiye, Turks and Caicos Islands, U.S. Virgin Islands, United Arab Emirates, United Kingdom, Uruguay, Vatican City, Vietnam.
To see our list of available crypto cards for 🇺🇸 United States, see this list. There are currently 14 cards listed there.
You may also be interested in this article: Crypto Cards for USA: The Best Options for Americans.
