The Xapo Card is 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. The annual fee starts at $1,000/yr. It runs on the Visa / Mastercard network and requires full identity verification.
New to crypto cards? Read our complete buyer's guide to understand fees, rewards, and how to choose. Concerned about privacy? See our KYC vs non-KYC comparison. Browse all our regional card guides. See where it ranks among the best crypto debit cards.
| Tier | Rate | Requirement |
|---|---|---|
| No standing cashback | 0% | $1,000/yr membership. Xapo replaced general cashback on everyday card spend with targeted, limited-time campaigns from 1 July 2026; the 3% BTC taxi and rideshare campaign for Metal cardholders ended 31 October 2026 and no new campaign is published |
On $500/mo spend, the estimated monthly cost breakdown for Xapo Card is: gas $0.00, conversion spread $1.45, flat transaction fees $0.00, and amortised card/tier fee $83.33, for a total drag of 17% of spend. After $0.00/mo cashback that is still a net cost of about $84.78/mo ($1017.36/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 spending bitcoin carries a 0.29% spread. Replacements are free once a year, then $25, or $100 for an emergency replacement.
There is no standing cashback any more: from 1 July 2026 Xapo replaced general cashback on everyday card spend with targeted, limited-time campaigns, and the current one pays Metal cardholders 3% in BTC on taxi and rideshare spend until 31 October 2026. With no standing rate, nothing on the card offsets the USD 1,000 membership, so nobody should buy in for rewards.
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 2026-10-24
Note: STANDING CASHBACK ENDED (2026-10-23): Xapo's summer cashback FAQ (xapobank.com/en/help/faq/summer-cashback) says that from 1 July 2026 "the general cashback on everyday card spend is being replaced with exclusive, targeted campaigns", and its transact page says cashback "is not a permanent feature for all purchases". The 0.2% SEPA, 0.5% Plastic/Virtual and 1% Metal standing tiers recorded until now are replaced by a single 0% row. This reverses the 2026-09-04 conclusion here, which relied on a help centre article that no longer loads. The Metal cardholder campaign (3% in Bitcoin on global rideshare and taxi spend) ran to 31 October 2026 per the campaign terms (legal.xapobank.com/cards/supplemental-cashback); no successor campaign is published. Still reported but unconfirmed: new cards no longer spend from the BTC wallet by default (must be enabled in Linked Accounts). Xapo's payments FAQ (read 2026-10-24) gives card limits of $50,000 a day for purchases and $2,000 for ATM withdrawals, which contradicts reports of default limits cut to $10,000 / $1,000; ATM withdrawals are free up to $100 a month, then 2%. Relaunched as Xapo Bank. $1,000/yr annual membership required. 0.29% BTC spread when spending bitcoin (Xapo payments FAQ). No FX fees. EU debit card variants now available.
Other crypto cards in the same region or category that may suit your spending profile:
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 has an annual fee of $1,000/yr. Additional fees: Conversion fee: 0.29% BTC spread; FX fee: 0%; ATM: Free up to $100/mo, then 2%.
The Xapo Card has the following limits: daily spending limit: USD 50,000; daily ATM withdrawal limit: USD 2,000. Limits can vary by account tier and verification level.
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.