The Xapo Card earns 0.2-1% BTC cashback on a Visa / Mastercard debit card with a $1,000/yr fee, available in 110+ countries.
Xapo is a Bitcoin-focused private bank founded in 2013 by Argentinian entrepreneur Wences Casares, originally as a Bitcoin custody and wallet service. The company is now headquartered in Gibraltar, where it holds a full banking license from the Gibraltar Financial Services Commission alongside a distributed ledger technology (DLT) license as a virtual asset service provider. Xapo's institutional custody business, including its underground vaults, was sold to Coinbase in 2019; the consumer bank was retained.
The Xapo Card is a crypto debit card offered by Xapo Bank, available in 110+ countries. It offers 0.2-1% BTC cashback across 3 reward tiers, giving users the ability to earn higher rates as they increase their commitment. The annual fee starts at $1,000/yr. It runs on the Visa / Mastercard network and requires full identity verification.
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| Tier | Rate | Requirement |
|---|---|---|
| SEPA | 0.2% | $1,000/yr membership, all SEPA transactions |
| Plastic/Virtual outside SEPA | 0.5% | $1,000/yr membership |
| Metal outside SEPA | 1% | $1,000/yr membership, Metal card |
On $500/mo spend, the estimated monthly cost breakdown for Xapo Card is: gas $0.00, conversion spread $0.50, flat/FX fees $0.00, and amortised card/tier fee $166.67, for a total drag of 33.4% of spend. After $1.00/mo cashback that is still a net cost of about $166.17/mo ($1994.04/yr). Xapo Card tops up from a centralized balance, so there is no on-chain gas cost regardless of how often you reload. Figures are conservative estimates and vary with conditions.
The Xapo Card only exists inside a paid Xapo Bank membership, and the price of entry is real: USD 1,000 per year, with a single membership tier and no cheaper route to the card. Xapo softens this with a 30-day risk-free trial (money back if you cancel) and a refer-a-friend offer that pays both sides USD 500 in Bitcoin. The card itself costs nothing on top: the metal card has a 0 USD issuance fee, there is no FX fee, and BTC conversions carry a reduced 0.10% spread. Replacements are free once a year, then $25, or $100 for an emergency replacement.
Cashback is modest and depends on card material: up to 1% in BTC with the metal card and up to 0.5% with plastic or virtual, deposited automatically to the in-app Bitcoin balance. Even at the full 1%, offsetting the USD 1,000 membership on rewards alone would take USD 100,000 of annual card spend, so nobody should buy in for the cashback. Xapo's marketing sticks to "up to 1%," and rates on European purchases run lower still, so treat the headline as a ceiling rather than an expectation.
This is a spend-from-savings tool for people who already bank Bitcoin with Xapo, not a rewards card. It spends from USD or BTC balances in over 110 countries, converts incoming USDC/USDT to USD on arrival, moves money over SWIFT, ACH, Faster Payments, SEPA, and Lightning, and gives free ATM withdrawals up to USD 100 per month before a 2% fee applies. It suits a long-term BTC holder who wants a regulated Gibraltar bank with interest, Bitcoin-backed services, and human support bundled together. For anyone whose only interest is the card, the math does not work.
Updated 2026-07-06
Note: Relaunched as Xapo Bank. $1,000/yr annual membership required. Cashback tiered by region/card type: 0.2% on SEPA, 0.5% on Plastic/Virtual outside SEPA, 1% on Metal outside SEPA. Ultra-low 0.1% BTC spread. No FX fees. Expanded merchant categories for cashback eligibility (utilities, car rentals, professional services). EU debit card variants now available.
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The Xapo Card is a crypto debit card offered by Xapo Bank. It is available in 110+ countries and allows users to spend cryptocurrency at merchants worldwide.
The Xapo Card offers 0.2-1% BTC cashback. There are 3 tiers: SEPA (0.2%), Plastic/Virtual outside SEPA (0.5%), Metal outside SEPA (1%).
The Xapo Card has an annual fee of $1,000/yr. Additional fees: Conversion fee: 0.1% BTC spread; FX fee: 0%.
Supported assets include USD, BTC, USDC, USDT; top-up methods include Bank transfer (USD/GBP/EUR via SWIFT, FedACH/RTP, Faster Payments, SEPA), Crypto deposit (BTC incl. Lightning, USDC, USDT); crypto deposits are supported on Bitcoin (Lightning supported).
Yes. The Xapo Card requires full identity verification (KYC): expect to submit a government-issued ID, and often proof of address, before the card is issued.
The Xapo Card is available in 110+ countries.
The Xapo Card is a debit card. You need to load cryptocurrency onto the card before making purchases.
Yes, the Xapo Card supports Apple Pay and Google Pay for contactless payments.
Want to see your annual earnings? Use the ROI Calculator to estimate net cashback at your spending level, or compare cards side by side.