Transaction costs will be no longer free for Xapo users

Transaction costs in Xapo


Last week the bitcoin company Xapo ended with one of its best strategies: the free transaction costs. The firm has announced they will no longer pay mining fees for customer transactions and will forward the cost to users. They have sent the next email to all Xapo Users:


Hi,

We have an important announcement about your Xapoaccount that will affect you - so please read! 

In the next couple of days, all Xapo users will begin to pay the miners fee themselves in order to send transactions out of Xapo

No portion of this fee goes to Xapo, it is simply the fee that needs to be paid to miners in order for an outgoing transaction to be processed via the bitcoin network! This fee will be dynamically calculated based on the current network conditions and will be paid by you at the time of the transaction. 

Due to the increase in transaction volume of the bitcoin network, we'd like to give our users some control over their transactions. That being said, Xapo will give you the ability to select which type of fee you'd like to pay - standard or high priority fee - thus allowing you to choose how quickly you'd like for your transaction to be processed!

Please keep in mind that this will apply to outgoing transactions that touch the blockchain, but all Xapo to Xapo payments will still be free of charge! 

Thanks for your understanding,
The Xapo Team

P.S. this is a no-reply email, but if need be, you can contact us!


This measure arrives after 2 stressful weeks of backlog with 150,000 to 200,000 unconfirmed transactions filled the network transaction queue (mempool).




Nowadays, these transaction fees are very high, so Xapo can't take charge of them. Moreover, there are many users abusing the free system in order to generate spamming transactions. This can not be accepted, therefore Xapo is following the same way as other bitcoin startups such as Coinbase and Bitpay who have also ceased paying user’s transaction fees.

“In the next couple of days all Xapo users will begin to pay the miners fees themselves in order to send transactions out of Xapo. Due to the increase in transaction volume of the bitcoin network, we’d like to give our users some control over their transactions. That being said, Xapo will give you the ability to select which type of fee you’d like to pay" explains the Palo Alto, California-based startup.


HabWin gives you a $10 discount with your Xapo card 

If you also want to have a BitCoin wallet, in Habwin we offer you the opportunity to get your card half the price. Instead of costing you $20 you can have it for only $10. Just enter the code 'JMCP7809' when you create your Bitcoin debit card in Xapo.

It can also interest you...


Bitcoins poker casino y bets


🎥 The top 10 poker movies
📖 11 books every poker player should read
💻 The best software to play online poker
📱 The best free apps to play online poker

You may also like

How to Deposit and Withdraw at Pokerstars

It is well known by online poker lovers that the fame of PokerStars is more than justified. The room, created more than 20 years ago by the Scheinberg brothers, has all the ingredients to be consid...

Suited connectors in Texas Hold'em: what are these cards?

The suited connectors in poker are an important element of any potentially winning strategy. They are those connected cards of the same suit, (i.e. consecutive (e.g. J, Q or 9, 10) of the same suit...

The WSOP returns in less than a month

WORLD SERIES OF POKER returns for 2022/2023The World Series of Poker is back in less than a month to kick off its 18th season. The World Series of Poker (WSOP) has 25 stops so far including Horsesh...

Promotions

CoinPoker’s New 4-Hour Leaderboards – Win $10K Daily! CoinPoker’s New 4-Hour Leaderboards – Win $10K Daily! CoinPoker introduces a new way to win big in online poker with 4-hour leaderboards awarding $10,000 in daily prizes. Promotion runs from July 7...
LATAM Freeroll Frenzy: $20,000 in Guaranteed Prizes! LATAM Freeroll Frenzy: $20,000 in Guaranteed Prizes!Are you a poker player in Latin America? WPT Global invites you to the 4-Week Freeroll Frenzy – a $20,000 GTD series of free tournaments held eve...
Phil’s Thrill: The $10,500 Sunday Tournament Shaking Up PokerKing Phil’s Thrill: The $10,500 Sunday Tournament Shaking Up PokerKingStarting July 6th 2025, PokerKing introduces Phil’s Thrill, the Sunday event with the highest buy-in ever offered on the Winning Pok...
Poker Episodes: Grand Slam Classic with €500,000 Guaranteed Poker Episodes: Grand Slam Classic with €500,000 Guaranteed Join Betsafe’s Episode 7 of the Poker Episodes series featuring a total guarantee of €500,000. €100,000 GTD Main Event Satellites startin...