So, i'm just starting out and I got Xapo in order to collect some satoshi to play around with. I was wondering if Xapo is safe to use? It lets me instantly transfer money from faucets to my wallet so I don't have to "collect X amount before cashing out". I've heard that online wallets can be insecure, should I get a safer (desktop?) wallet and transfer what I collect there, or will I be fine using Xapo? Thanks!
I haven't heard of any incident that involves Xapo so I assume that it has a rather good track record. It is fine for collecting faucets since it doesn't have any fees when withdrawing and there is no limit from there.
As you progress, even though Xapo is sufficient, it is still a online wallet after all. If you have huge amount of Bitcoin in the future, you might want to consider to at the very least, get a desktop wallet. AFAIK, Xapo does not allow users to have control of the private key so that may be a problem if the site goes down or a signed message is required.