Xapo Bank vs TAP Global
Bottom line, net annual cost favours TAP Global (€0), while Xapo Bank comes to €1,000. On cashback TAP Global wins (up to 8%); for spending abroad FX markup matters, and Xapo Bank does better (0% vs 0.25%). In our editorial rating Xapo Bank leads (4.5 vs 3.3). Neither wins across the board: weigh the points above against your use case before choosing between Xapo Bank and TAP Global.
| Xapo Bank | TAP Global | |
|---|---|---|
| Tier | A | C |
| Rating | ★ 4.5 | ★ 3.3 |
| Estimated net annual cost | €1,000 | €0 |
| Account fee | €83 | Free |
| IBAN | dedicato · GI | dedicato · GB |
| Multi-currency | Yes · 3 currencies | Yes · 3 currencies |
| Outbound transfers to third-party IBANs | Yes | Yes |
| Utility direct billing | No | No |
| SEPA direct debit (SDD) | No | No |
| On-chain crypto withdrawal | Yes | Yes |
| SEPA transfer | Free | Free |
| Interest on balance | 3.6% | 0% |
| ATM withdrawal | not declared | not declared |
| Fund custody | Custodial (platform holds funds) | Custodial (platform holds funds) |
| KYC | Full | Full |
| Supported countries | EEA, UK, APAC, LATAM, MENA, AFRICA · 110+ countries | EEA, UK, MENA · 35+ countries |
| Regulator | GFSC | Gibraltar Financial Services Commission |
| OAM Italy registration | No | No |
| Segment | B2C | B2C |
| Regions | EU/EEA, UK, APAC, LATAM, MENA, Africa | EU/EEA, UK, MENA |
| Licences & safety | Banking License (Gibraltar) | DLT Provider (GI) |
Frequently asked questions
Xapo Bank vs TAP Global: which is better?
Bottom line, net annual cost favours TAP Global (€0), while Xapo Bank comes to €1,000. On cashback TAP Global wins (up to 8%); for spending abroad FX markup matters, and Xapo Bank does better (0% vs 0.25%). In our editorial rating Xapo Bank leads (4.5 vs 3.3). Neither wins across the board: weigh the points above against your use case before choosing between Xapo Bank and TAP Global.
Which is cheaper, Xapo Bank or TAP Global?
On the standard spending profile TAP Global has the lowest net annual cost: €0 versus €1,000 for Xapo Bank.
Which offers more cashback, Xapo Bank or TAP Global?
TAP Global has the highest cashback: up to 8%. Note the top rate often requires token staking and is subject to spending caps.
Is Xapo Bank custodial or self-custody?
Xapo Bank is custodial: funds are held by the platform, while TAP Global is custodial.
Which is better for spending abroad?
For foreign-currency spending Xapo Bank wins, with the lowest FX markup: 0%.