What is the Wirex Card?
The Wirex card functions like a standard debit card but offers the unique advantage of allowing transactions in both cryptocurrencies and traditional currencies. Linked directly to your Wirex account, the card can be used for purchases, cash withdrawals, and online transactions wherever Visa or Mastercard is accepted.
Key Features of the Wirex Card
Multi-Currency Support
One of the standout features of the Wirex card is its ability to support multiple assets, including both fiat (e.g., USD, EUR, GBP) and cryptocurrencies (e.g., BTC, ETH, LTC). Currently, there’s over 150+ assets on the platform to choose from.
Seamless Transactions
With the Wirex card, users can make seamless transactions in any supported currency. The card automatically converts cryptocurrencies to fiat at the point of sale, making it easy to use digital assets for everyday purchases. This feature eliminates the need for complex exchanges and offers convenience and flexibility.
Cryptoback™ Rewards
Wirex offers a unique rewards program called Cryptoback™, which allows users to earn cryptocurrency rewards on their purchases. Depending on the your X-tras subscription plan, they can earn up to 8% back in WXT (Wirex Token) on all in-store and online purchases. This program not only incentivizes the use of the Wirex card but also helps users grow their crypto portfolios effortlessly.
Low Fees and Global Access
The Wirex card is designed with cost-efficiency in mind. It offers low fees for foreign transactions, making it an ideal companion for travelers. Additionally, users can enjoy up to $200 fee-free ATM withdrawals globally, ensuring easy access to cash when needed. There are no annual fees or foreign exchange fees, further enhancing the card's appeal.
Security and Control
Security is a top priority for Wirex. The card comes with advanced security features such as Strong Customer Authentication (SCA) and the ability to lock and unlock the card via the Wirex app. Users can also monitor their transactions in real-time, providing peace of mind and control over their finances.
Benefits of Using the Wirex Card
Flexibility in Spending
The primary benefit of the Wirex card is its flexibility. Users can spend their digital and fiat currencies interchangeably, making it easier to manage different types of assets. Whether paying for groceries, booking travel, or making online purchases, the Wirex card simplifies the process. Users can choose between a physical card for in-store purchases and ATM withdrawals or a virtual card for online transactions.
Earning Rewards
The Cryptoback™ rewards program is a significant advantage of the Wirex card. Users earn a percentage of their spending back in WXT, which can be used for future transactions or held as an investment. The tiered reward system (Standard, Premium, Elite) ensures that all users can benefit, with higher rewards for those on premium plans.
Cost Savings
With its low transaction fees and no annual fees, the Wirex card offers significant cost savings. Users can avoid the high fees typically associated with foreign currency exchanges and ATM withdrawals, making it a cost-effective choice for both everyday use and travel.
Easy Budgeting Tool
The Wirex app provides a comprehensive dashboard for managing the card, tracking spending, and converting currencies. This integration allows users to maintain a clear overview of their financial activities and make informed decisions.
Global Acceptance
As either a Visa or Mastercard, the Wirex card is widely accepted around the world. This global acceptance ensures that users can rely on their Wirex card for purchases and withdrawals in numerous countries, enhancing its utility for international travelers and expats.
How to Get Started with the Wirex Card
Ordering the Card
The availability of both physical and virtual Wirex card orders may vary based on your region. We recommend checking this information in the following article.
For eligible users, to get your own Wirex card, users need to create a Wirex account and complete the verification process. Once verified, they can order either a physical or virtual card through the Wirex app. The physical card is delivered to the your registered address, while the virtual card is instantly available for online use.
Activating the Card
Activation is straightforward and can be done through the Wirex app. Users simply select the card they wish to activate and follow the prompts to complete the process. Once activated, the card is ready for use. You can learn more on how to activate your Wirex card here.
Adding Funds
Users can add funds to their Wirex card by transferring money from their Wirex account, receiving transfers from other users, or using third-party payment providers. The app supports various funding methods, ensuring flexibility and convenience. You can learn more about funding you Wirex card here.
Conclusion
The Wirex card represents a significant advancement in the bridging of digital and traditional finance. With its multi-currency support, low fees, robust security, and rewarding benefits, it is an excellent tool for anyone looking to streamline their finances. Whether you're a frequent traveler, a cryptocurrency enthusiast, or someone looking for a versatile payment solution, the Wirex card offers the features and advantages to meet your needs.
TLDR; Why Wirex?
The Wirex platform offers a range of benefits for users looking to manage their assets and make transactions conveniently. Here are some key benefits our customers rave about:
Diversification ✅ We offer 150+ assets
Customer Support ✅ Our team is there for your 24/7
Community ✅ We have an incredible community of 6m+ customers over the world
Efficiency ✅ Over $20bn transactions processed with us
Trusted ✅ $30m insurance on digital assets
Safe and secure ✅ Our infrastructure is regularly tested and PCI DSS Level 1 compliant, which is the highest level possible
Cost Effective ✅ Free account, free free foreign exchange, low fees
Convenient ✅ wide range of on-ramp methods and high limits
Disclaimer
The information contained herein has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for financial, legal, or investment advice. Wirex and any of its respective employees and affiliates do not provide financial, legal, or investment advice.
The value of cryptoassets may fluctuate significantly over a short period of time. The volatile and unprecedented fluctuations in price may result in significant losses over a short period of time. Any Cryptoassets may decrease in value or lose all its value due to various factors including discovery of wrongful conduct, market manipulation, change to the nature or properties of the Cryptoasset, governmental or regulatory activity, legislative changes, suspension or cessation of support for a Cryptoassets or other exchanges or service providers, public opinion, or other factors outside of our control. Technical advancements, as well as broader economic and political factors, may cause the value of Cryptoassets to change significantly over a short period of time.
