XPlace Reviews 9

To be honest, I’ve always been pretty skeptical about crypto cards. But this one really worked for me - I’ve been holding crypto for two years now, and I don’t want to sell it, but I need to spend it.

XPlace solves exactly that problem: I pay with the card without touching my tokens. I’ve been using it for a month, and it’s been working great.

As a Platinum member, I'm loving how responsive the team has been, providing for all of my needs and absorbing the feedback I have provided. Even going to the lengths of setting up calls!

Excited for the future features and benefits they will be providing across the app.

XPlace is one of those generational products that makes genuine change to your life

Living in the UK Ive always been stung with capital gains tax off-ramping my crypto to fund my lifestyle

I now borrow against my crypto through Xplace getting an instant credit line to spend on my card, earning more yield than I pay interest

Not only has it allowed me speed the rate I can accumulate wealth on chain but Im also paying a hell of a lot less tax

Spoke to my accountant about this product before using and he said I should definitely try it and I havent looked back since

great product, would recommend

Credit mode has been a game changer for me. Allowing me to borrow assets and utilize my funds without tax implications has been a fantastic way to use my crypto.

Very nice customer service
Kind and fast

Good concept but not everything is obvious. For example I didn’t understand why my available balance changed until I realized it depends on the asset. Maybe just me, but could be explained better.

One of the best new crypto-related banks; I like their credit feature, which lets you spend money without having to sell your crypto. You can tell the team are putting in the effort and making their app better and better

Didn’t expect much, but the service turned out to be quite solid. The main idea works as intended. I deposited some crypto, got USD credit, and was able to start paying with the card right away without selling anything. That’s the main advantage for me since I don’t want to exit my positions.

Payments go through fine, everything works fast and without any issues. From that perspective, no complaints, it does what it’s supposed to do.

At the same time, not everything is clear right away. It took some time to understand how limits are calculated, how much is actually available to use and what it depends on. I also haven’t fully figured out the rates and yields yet, that part isn’t very transparent.

Overall it feels similar to other services on the market, but done quite neatly. It’s already usable on a regular basis, although there are still things that could be simplified.

There’s also a welcome bonus of around $5, but it feels quite weak and doesn’t really add much. Might make sense to remove it or replace it with something more meaningful.

Overall, for a new product it’s a good start. If they make rates clearer and simplify the interface a bit, it could become a really strong solution.