When it comes to safeguarding your Bitcoin, every extra layer of security matters. At Xapo Bank, we understand the responsibility that comes with securing your wealth, and we’re committed to helping you achieve the highest standards of security with convenience.
We’re now supporting hardware security keys on your BTC Vault, giving you even greater peace of mind and full control over your long-term Bitcoin holdings.
You can now protect your withdrawals with a physical security key - similar to a physical key - in addition to email verification, the 48-hour safety window, and PINs or biometric approvals, this added layer of security ensures that even if someone gains access to your phone and passwords, they cannot withdraw funds without possessing the physical key.
It’s an extra layer of real-world security that puts the control firmly back in your hands.
What is a hardware security key?
Hardware security keys (such as YubiKeys) are tangible authentication devices designed to protect your account access. By requiring you to physically confirm key actions (like withdrawals from your BTC Vault), security keys are a powerful defense against phishing, hacking, and other forms of unauthorised intrusion.
Unlike relying solely on a phone-based two-factor authentication (2FA) code or PIN, hardware security keys must be present to complete critical transactions. This physical verification step ensures that even if someone gains access to your phone or PIN, they cannot move your Bitcoin without the key itself. It’s a trusted form of multi-factor authentication (MFA) that is resistant to digital threats.
Why add a hardware security key to your Xapo Bank account?
Your Xapo Bank account is already equipped with robust security measures and multiple layers of defence. However, for those seeking an extra layer of assurance—particularly long-term Bitcoin holders or individuals managing large amounts of BTC —hardware keys are the next logical step.
Think of it as adding another lock to the door. Just as a door with multiple locks is safer, your account becomes more secure by requiring both digital security measures (like your PIN) and a physical device you must have with you. This approach helps:
- Protect against remote attacks: Hackers and scammers can trick you into revealing a PIN or breaking through software-only barriers. With a hardware key, no digital trickery is enough on its own.
- Mitigate device compromises: If your phone is lost, stolen, or compromised, having a separate physical device (stored in a safe place) ensures that your BTC Vault remains inaccessible without the key.
- Add layered security: Hardware security keys complement the best practices you already follow for account security, forming a multi-layered shield around your BTC Vault.
What this means for your Bitcoin at Xapo Bank
At Xapo Bank, protecting your investments is at the core of everything we do. From our fortified vaults in Switzerland to our rigorous compliance standards as a regulated bank, we’ve built a track record of protecting your digital wealth with the gravity it deserves.
Adding a hardware security key to the authentication process doesn’t change how your Bitcoin is held, but it enhances security by ensuring only you can access it.
Instead of relying on trust alone, you’re leveraging a proven security environment—backed by physical storage protocols, global oversight, and legal protections—coupled with your own physical key. It’s one more way to confidently maintain your long-term holdings while knowing that we’ve covered every angle, inside and out.
Making the right decision for your Bitcoin needs
If securing your Bitcoin is a top priority, consider enabling a hardware security key for your Xapo Bank account. Sleep easier knowing your funds are protected by more than passwords and PINs. It’s a simple, tangible step that can make a profound difference.
Take a look at the Xapo Bank security key FAQ for any questions you may have, and read how to enable your physical key here.
