With the help of Xapo wallet, a smartphone user can check how much money they have in their account & what are the transaction details. Xapo doesn’t control your funds at all, a user is in charge of that. When using the Xapo wallet’s debit card, there come a few limitations. One should understand that there is a maximum of 2 transactions allowed on Xapo wallet debit card. The daily transaction limit rests at $400 USD. Strolling over to the Xapo wallet’s security, it’s been proven that the wallet makes use of most secure vault systems in the world.
Your crypto tokens are safely stored on offline storages around the world and are literally never connected to the internet. Further, those cold storages are heavily guarded and are housed at safe locations within Faraday cages to repel any radio frequency access as well. When we talk about the wallet application, the easy to use nature is appealing. The application layout is very simple yet engaging and even a novice user can start trading within minutes with Xapo wallet. Check your balance and make transactions on the go is possible now. Both Android, as well as iOS users, can make use of Xapo wallet. Xapo wallet encompass some of the most dedicated security features such as multi-factor authentication, private key segmentation and several tires of encryptions too.
Let’s talk about the fees, Xapo wallet is free to use and download. However, a user must take note that they are required to pay transaction fees on every trade. It’s absolutely free to transfer funds from one Xapo wallet account to another Xapo wallet account. If a user requests for transferring funds form a Xapo wallet to another third-party wallet, then a transaction fee is applicable. Also, it’s worth noting that adding your funds would cost you 0.2% extra of the total value. This fees also depends on the payment method you’re using to import funds. Since the fiscal year 2014, Xapo wallet has made its name in the market. From Hong Kong to Global level, Xapo is setting new benchmarks in the crypto wallets segment.