There’s nothing like a bit of retail therapy to help lift your spirits every now and then, even science says so! But in this economy, it’s almost a euphoric feeling when you realise you’ve earned some cashback on all your purchases.
We launched our world’s first Cryptoback™ rewards programme in May 2018, meaning purchases made with your Wirex card earn you free and instant crypto rewards. Have I got your attention? We’ve put together a handy guide for all things to do with Cryptoback™ rewards, including what it actually means for your pockets.
What are Cryptoback™ rewards?
Wirex Cryptoback™ is a rewards program that allows Wirex cardholders to automatically earn cryptocurrency when they use their card for eligible purchases.
Why are Cryptoback™ rewards so unique?
Our Cryptoback™ rewards scheme was the first of its kind. Before Wirex, rewarding cashback in cryptocurrency had never been done before!
We’ve even trademarked Cryptoback™.
Cashback programs can be popular for online purchases - but often they only include certain retailers, and it can take weeks for the cashback to be tracked, confirmed, and paid out to you. With Cryptoback™, the rewards are instant.
There’s no list of websites or retailers; you can earn Cryptoback™ rewards doing your weekly shop, buying a new phone or even when you purchase a train ticket. Anywhere your Wirex card is accepted, you’ll start earning too.
How do Cryptoback™ rewards work?
It’s a groundbreaking concept, but there’s really nothing to it. All you’ve got to do is pay with your Wirex card to earn up to 8% Cryptoback™ rewards in WXT.
Your rewards are earned instantly and go straight into your X-tras account in the Wirex app. Then you can exchange, spend or HODL them as you see fit!
Depending on your Wirex Price Plan, you can earn Cryptoback™ rewards on purchases made in-store and online. Even if you’re new to the world of crypto, it’s now easier and quicker than ever to start spending, saving and earning, so everyone can get involved.
Want to know what plan works best for you? You can find out all the details here.
What cryptocurrency can I earn with Cryptoback™ rewards?
Cryptoback™ rewards are paid in WXT, which is credited to your X-tras account.
Can I withdraw my Cryptoback™ rewards?
Yes, you can exchange your accrued rewards into another cryptocurrency, stablecoin, or fiat currency.
What type of transactions are eligible for Cryptoback™ rewards?
Cryptoback™ rewards are applicable to any purchase made with your Wirex card, excluding cash withdrawals or transfers. The amount of Cryptoback™ rewards you earn may vary based on the Merchant Category Code (MCC) of the purchase and your price plan. To learn more about exceptions and limitations regarding Cryptoback™ rewards, please visit the help hub.
How much Cryptoback™ rewards can I earn?
We’ve done the maths, and it’s a big deal. The amount of Cryptoback™ rewards you earn is determined by the price plan you have with Wirex. There are three different price plans available: Standard, Premium, and Elite, each with their own tiers.
Is there a cap on how much Cryptoback™ rewards I can earn?
The maximum amount of Cryptoback™ rewards you can earn per month depends on the price plan you choose. For instance:
Standard users can earn up to 20,000 WXT, per month
Premium users can earn up to 100,000 WXT, per month
Elite users can earn up to 250,000 WXT, per month
Additionally, the maximum amount of Cryptoback™ rewards you can earn per transaction also depends on your price plan.
Standard users can earn up to 250 WXT per transaction
Premium users can earn up to 1,500 WXT per transaction
Elite users can earn up to 9,000 WXT per transaction
NOTE: Cryptoback™ reward limits and currencies may vary for customers in the UK and the USA. For additional information, kindly refer to the Wirex app for comprehensive details.
Cryptoback™ rewards are available for both in-store and online payments and exclude ATM withdrawals, peer-to-peer fund transfers, and tax payments. Please note that Cryptoback™ rewards are not rewarded for transactions that are on Wirex’s list of ineligible Merchant Category Codes (MCC).
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 ✅ Out 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.
