Wirex Card
| Year | RIS | Commission | Cost | Social networks |
|---|---|---|---|---|
|
Рік
2015
|
RIS
92%
|
Commission
0%
|
Cost
–
|
Wirex Card is a crypto card issued by the fintech company Wirex, which is a pioneer in the field of cryptocurrency payments. Wirex combines the functions of a multi-currency wallet, payment card and cryptocurrency exchange.
The Wirex service has been operating since 2014. The company is registered in the United Kingdom and holds a financial license from the FCA (Financial Conduct Authority), which allows it to provide electronic payment services. Wirex is one of the most well-known brands in crypto finance and was the first company to launch a crypto card back in 2015.
Features
Wirex Card is a debit card of the Visa payment system. It is an analogue of a regular bank card and allows users to:
- Instantly convert cryptocurrency into fiat. Wirex offers a unique Cryptoback™ technology that allows you to receive cashback in cryptocurrency for card purchases.
- Pay for goods and services offline. The card works in more than 80 million retail locations worldwide.
- Make online payments. You can pay for purchases in online stores just like with a regular bank card.
- Withdraw cash from ATMs. Wirex Card supports cash withdrawals from any ATM that works with Visa cards.
- Receive up to 8% cashback in cryptocurrency when making payments.
- Support over 50 currencies (crypto and fiat), with the ability to exchange between them for free.
Wirex Card provides users with access to favorable exchange rates, as the company uses interbank rates and minimizes conversion fees.
On many cryptocurrency exchanges, you transfer funds to an account in the name of the exchange, which requires specific details. Wirex offers a personal IBAN in your name, which simplifies transfers. You can even receive your salary in fiat currency directly into your Wirex account using your IBAN — said Pavel Matveev.
Fees and limits
Wirex offers a transparent fee system and flexible limits, making the card convenient for daily use:
Fees:
- Virtual card issuance: free.
- Physical card delivery: from 5 USD to 30 USD depending on the country.
- Transfers between Wirex users: free.
- ATM cash withdrawals:
- Up to 200 EUR per month — free;
- Above this limit — 2% fee.
Limits (for Europe):
- Daily cash withdrawal limit: 500 EUR.
- Daily card spending limit: 30.000 EUR.
- Monthly card spending limit: 30.000 EUR.
- Monthly cash withdrawal limit: 5.000 EUR.
How to apply for and receive a Wirex Card
You can apply for a Wirex card through the official Wirex mobile app or on the company’s website. To do so, you need to:
- Register on Wirex by providing your email and phone number.
- Pass KYC verification by uploading documents.
- Fund your account in fiat or cryptocurrency.
- Order the card in your personal account.
- Wait for the physical card (if the physical version is selected) or activate the virtual card for online payments.
Wirex Card is a convenient tool for crypto enthusiasts who want to use digital assets in everyday life.
Drawbacks
The Wirex cryptocurrency debit card has a number of advantages, such as free issuance, the ability to borrow against crypto collateral and cashback. However, there are some inconveniences that may affect the user experience:
- Limited geographical availability: the card is only available to residents of the European Economic Area (EEA) and the United Kingdom. Using the card outside these regions may result in blocking.
- Uncertainty about fees: some users note a lack of clear information about fees, which can complicate expense planning.
- Customer support issues: customers complain about the support service, particularly delays in responses and problem resolution.
Considering these factors, potential users should carefully assess the pros and cons of the Wirex Card before ordering it.
Video reviews of the Wirex Card
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Frequently Asked Questions
Everything you wanted to know about Wirex Card, explained in simple terms and without unnecessary jargon.
