Xapo Wallet

Xapo Wallet
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Xapo is an intuitive and secure Bitcoin wallet system that operates through a browser.

Xapo combines the convenience of an everyday Bitcoin wallet with the security of an insured deep cold storage vault. Xapo Debit Card links to your Xapo Wallet and allows you to spend bitcoins at millions of merchants all around the world.

Xapo uses offline servers that are never connected to the internet that give it an edge on other web based wallet systems – i.e. better security through gateway procedures.

Xapo WalletVisit Website
Money controlled by a third partyThis service has full control over your bitcoins. This means you need to trust this service will not freeze or mismanage your funds. Although this service claims to be providing insurance against failures on their side, you are still responsible for securing your wallet.
Centralized validationThis wallet relies on a centralized service by default. This means a third party must be trusted to not hide or simulate payments.
Remote appThis wallet is loaded from a remote location. This means that whenever you use your wallet, you need to trust the developers not to steal or lose your bitcoins in an incident on their site. Using a browser extension or mobile app, if available, can reduce that risk.
Vulnerable environmentThis wallet can be loaded on computers which are vulnerable to malware. Securing your computer, using a strong passphrase, moving most of your funds to cold storage, or enabling two-factor authentication can make it harder to steal your bitcoins.
Prevents spying on your paymentsThis wallet makes it harder to spy on your balance and payments by rotating addresses. You should still take care to use a new Bitcoin address each time you request payment.
Discloses information to a third partyThis service can associate your payments together, log your IP address and know your real identity if you provide personal information like your email, name or banking account.
Tor can be usedThis wallet lets you setup and use Tor as a proxy to prevent attackers or Internet service providers from associating your payments with your IP address.

 

The Company also supports a prepaid debit card system that is compatible with most PoS systems and Bitcoin ATM’s.

So you can have a very secure third party managed system with hot wallet to run around on the go that needs to be topped up via an internet connection.

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2 Thoughts to “Xapo Wallet”

  1. Bablofil

    Thanks, great article.

    1. Thank you. We hope you will continue to follow the updated news.

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