Xapo Card Review (2026)

The Xapo Card earns 0.2-1.1% BTC cashback on a Visa / Mastercard debit card with a $1,000/yr fee, available in 110+ countries.

Reviewed by Card Pilled Editorial · Last verified 2026-06-19

Key Facts

Cashback
0.2-1.1% BTC
Annual Fee
$1,000/yr
Region
110+ countries
Type
Debit
Network
Visa / Mastercard
KYC
full
Mobile Pay
Apple Pay, Google Pay

Overview

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 0.2-1.1% 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.

Fees & Costs

Conversion Fee
0.1% BTC spread
FX Fee
0%

Cost & Returns

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 $83.33, for a total drag of 16.8% of spend. After $6.00/mo cashback that is still a net cost of about $77.83/mo ($933.96/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.

Cashback Tiers

Xapo Card cashback tiers and requirements
TierRateRequirement
SEPA0.2%$1,000/yr membership, all SEPA transactions
Plastic/Virtual outside SEPA0.5%$1,000/yr membership
Metal outside SEPA1.1%$1,000/yr membership, Metal card

Pros

Cons

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, 1.1% 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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FAQ

What is the Xapo Card?

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.

How much cashback does the Xapo Card offer?

The Xapo Card offers 0.2-1.1% BTC cashback. There are 3 tiers: SEPA (0.2%), Plastic/Virtual outside SEPA (0.5%), Metal outside SEPA (1.1%).

What are the fees for the Xapo Card?

The Xapo Card has an annual fee of $1,000/yr. Additional fees: Conversion fee: 0.1% BTC spread; FX fee: 0%.

Where is the Xapo Card available?

The Xapo Card is available in 110+ countries. Its availability status is "Global".

Is the Xapo Card a credit or debit card?

The Xapo Card is a debit card. You need to load cryptocurrency onto the card before making purchases.

Does the Xapo Card support Apple Pay or Google Pay?

Yes, the Xapo Card supports Apple Pay and Google Pay for contactless payments.

Visit Xapo Bank

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