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Xapo – Bitcoin debit card

xapo.com

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Re: Xapo – Bitcoin debit card

#5
A lot of people are also upset because they signed up for the beta paid a $15 fee with the promise that there wouldn't be any additional fees. 2 days ago, they decided to institute a $5 a month account fee.

Re: Xapo – Bitcoin debit card

#6
post #5

A lot of people are also upset because they signed up for the beta paid a $15 fee with the promise that there wouldn't be any additional fees. 2 days ago, they decided to institute a $5 a month account fee.

If this is true, that's going to kill their business in the paranoid post-gox btc community. Most will probably wait until a competing service with a smidgen more reputability shows up in about 2 days.

Re: Xapo – Bitcoin debit card

#7

> Request early access... invite 20 of your friends! No thanks Also, your password to the account is a 4-digit pin? What?

If that's really all the security they have, it's kinda bad, but it does encourage the right attitude for early bitcoin adopters, which is only put as much bitcoin in any online wallet as you would in your actual wallet.

Re: Xapo – Bitcoin debit card

#8
So they charge a 1% fee to fund the account with a wire transfer.

Can someone explain -- I am not attacking this, I am seriously wondering -- why anyone would wire funds into this account, pay a 1% fee, and then pay with a debit card like they could from any other bank account?

(I get if you already have bitcoin, but I'm wondering what the point of the wire transfer support is.)

Source: http://help.xapo.com/questions/94070-Does-Xapo-charge-a-fee-...

Re: Xapo – Bitcoin debit card

#9
post #8

So they charge a 1% fee to fund the account with a wire transfer. Can someone explain -- I am not attacking this, I am seriously wondering -- why anyone would wire funds into this account, pay a 1% fee, and then pay with a debit card like they could from any other bank account? (I get if you already have bitcoin, but I'm wondering what the point of the wire transfer support is.) Source: http://help.xapo.com/questions…

People might want to participate in and support the Bitcoin ecosystem, for economic, political, or technological reasons. People might just be curious about the technology and want to play with it.
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