Avoid the Xapo wallet!

Xapo wallet's claim to fame is their instant transactions to other Xapo wallets. This feature does work, however the trouble only starts when you intend use the other services by Xapo.

Let's start with buying bitcoin from Xapo, this is a long and arduous task! first you have to send them your money by International wire transfer. This process can take up to 4 business days, costs a large amount in fees and has medical links to Alopecia.

Once this process has happened, you have to manually convert your balance into bitcoin. This process is tedious also and can take upwards of a day to happen.

Once this process has happened, and you have had an extra 2 inches of beard growth, you can now spend your bitcoin. If you intent to send this balance to another Xapo account you are in luck and your waiting has ended, however, if you are unlucky to have to send this balance to another wallet (Exodus for example) you are in for another wait.

Now I am fully aware that sending Bitcoin at the moment over the blockchain is time consuming, however on all my other wallets if I add higher fees It usually gets done within an hour or two. Not with Xapo, I have a transaction that has high fees on it that is almost 4 days old and its still processing. I have another transaction that is 2 days old. This is ridiculous and I can only assume the additional waiting time is due to some Xapo issue not the blockchain. You might be asking yourself why I don't simply check the transaction progress on the blockchain? well you can't with Xapo! one of their "security features" is to pool addresses, meaning none of your transactions can checked on to see their progress.

I have had other issues too with their app, such as the 2 factor authenticator not working, meaning I have to get a text message sent every time I want to log on. Fun times! and an amazing way to waste time! Love it.

Conclusion

I usually buy my bitcoin from BitPanda, but every once in a while I like to check out other services. Xapo was one of these experiments, and would have had more success as a thalidomide in a pushup competition. after the huge fees, psychiatry bills and loss of time, i simply cannot recommend Xapo.

Please leave your feedback! Have you had good or bad experiences with Xapo? please share them.

***UPDATE****
The transaction has now been pending for 6 days!

Stay safe and happy mining!

Viking