Xapo

Xapo Bank is a members-only private bank for Bitcoin holders, regulated by the Gibraltar Financial Services Commission. Founded in 2013 as a Bitcoin wallet and vault service, the company sold its institutional custody business to Coinbase in 2019 and transitioned to a fully licensed bank under the Xapo Bank brand in 2020. It operates from Gibraltar and focuses on combining Bitcoin savings with traditional banking services.

Membership gives access to a range of accounts and products. Members can hold USD and Bitcoin in the same app, earn up to 4% APY on Bitcoin savings and 3.35% APY on USD deposits (both paid in BTC), and take out Bitcoin-backed loans with no origination fees. The Xapo Bank Mastercard debit card earns 1% back in Bitcoin on all purchases. The app also supports investing in US stocks, ETFs, and altcoins, and allows instant global transfers in major currencies with no foreign exchange fees.

Bitcoin transfers via the Lightning Network are supported for fast, low-cost payments. Security uses a three-layer model combining multi-party computation (MPC) technology, offline cold storage, and physical vault infrastructure. The bank maintains a capital ratio of 167% and a liquidity ratio of 1,663%, both well above the standard 100% regulatory requirement. Crypto deposits are not covered by the Gibraltar Deposit Guarantee Scheme.

Supports Bitcoin (BTC) and USD natively, with access to US-listed stocks, ETFs, and a selection of altcoins through the investment feature. Membership eligibility varies by country of residence; the bank operates as an invite or application-based service and does not accept residents of all jurisdictions.