Xapolatest release: 5.34 ( 20th July 2021 ) last analysed 6th August 2021 Not functioning anymore
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Do your own research!
Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.
The Analysis ¶
Update 2021-08-02: Xapo discontinued this app to migrate its users to.
Xapo describes itself as a wallet:
We’re a digital wallet that allows you to easily and safely send, receive, store and spend any traditional currencies and bitcoin.
but under closer investigation, we can’t find any Bitcoin wallet here. Naming “traditional currencies” and “bitcoin” in the same security claim sound like it has to be custodial.
Their website on security is not claiming otherwise neither which makes us conclude: This app is not verifiable.
This product went out of business ... or so. Read the analysis for details.
As part of our Methodology, we ask:Is the product still supported by the still existing provider? If not, we tag it Defunct!
Discontinued products or worse, products of providers that are not active anymore, are problematic, especially if they were not formerly reproducible and well audited to be self-custodial following open standards. If the provider hasn’t answered inquiries for a year but their server is still running or similar circumstances might get this verdict, too.
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