Banxito Crypto Wallet
Move money faster and more securely
The Most Secure Way to Send Money
Banxito Crypto Wallet is more protected than digital wallets like PayPal and Cash App. Your money is converted to cryptocurrency that is posted to a crypto transaction network, adding layers of security and protection.
You can set up recurring transactions, automatic payments, post-dated transactions and more, and rest assured knowing that the transactions will occur securely.
Secure Bank Account Linking
We do bank account verification and can link to over 9000 bank accounts in the US and Canada.
How does it work?
Let’s say David wants to send $40 to Mark.
From the Banxito Crypto Wallet app, David transfers $40 from his bank account. The money is deposited to an FDIC insured bank.
4,000 XitoCoins™ * are issued to David’s Crypto Wallet.
The 4,000 XitoCoins™ are confirmed on the Crypto transaction network and transferred to Mark’s Crypto Wallet.
Mark receives the XitoCoins™ and exchanges them for USD*.
The $40 are then deposited to Mark’s bank account.
*The XitoCoins™ are cryptocurrency tokens and backed by an FDIC insured US bank and money is guaranteed for up $250,000 per depositor.
The money can stay in XitoCoin form or exchanged to standard currency.
Easy and Simple Crypto Money Transfer
The XitoCoin™ is a token to a patented StableCoin.
StableCoins are cryptocurrencies that are tied to another asset in order to secure or balance out the value of the cryptocurrency.
The XitoCoin is pegged to the USD penny.
1 XitoCoin™ = 1 penny. You don’t have to do any additional calculations (other than an applicable foreign exchange rate). US and International money transfer is very easy.
Protect yourself
When you send money through the Banxito Crypto Wallet app, your bank account is securely linked, and money transfers (regardless of currency) are converted into cryptocurrency.
Affordable Money Transfer
Money transfer is done efficiently, affordably, and internationally to another Banxito user.
Secure Money Transfer
By utilizing cryptocurrency, your money transfers are even more secure.
Fast Money Transfer
Users can move money as a Same day ACH transaction or as an Instant ACH transaction.
Business to Business Money Transfer
Send money along the crypto transaction network, send an ACH payment, and save a lot of money in transaction costs.
Banxito transaction fees are mere pennies compared to competitors and allow for simplified cross border payments as well.
Secure bank account linking, Know Your Business (KYB) verification, ACH transaction capabilities, and insured cash holding with an FDIC-insured bank, insured up to $250,000.
The money transfer is secure through means such as encryption and authentication.
International Money Transfer
Securely send money to another user in another country. With Banxito, you can send money in one currency that gets deposit in another currency.
Your money is transferred to cryptocurrency that is posted to a crypto network address, adding another level of security and protection.
Ideal for sending money across borders.
Inherent Security of Cryptocurrency
One of the biggest features that sets Banxito apart is our cryptocurrency infrastructure.
Our infrastructure is built on Ethereum, an open-source, blockchain-based, decentralized software platform used for processing cryptocurrency transaction.
Our cryptocurrency infrastructure takes away all of the extraneous requirements, transaction fees, and regulations from financial institutions but still allows for the same protections.
You do not have to worry about compromised data or security breaches!