Wirex Crypto Card Review 2023

Wirex crypto card review 2023: A safe guide

Reward credit and debit cards are a popular way to pay for goods and services, mainly because those rewards can easily be converted into stuff like cash back and free travel. And now, with crypto cards, there is an opportunity to earn even more crypto rewards. If you have ever considered investing in cryptocurrencies or adding them to your portfolio, keep reading to discover the Wirex card, how it works, and what it offers.

What is Wirex? 

Wirex is a modern cryptocurrency exchange that operates a state-of-the-art mobile app and a next-generation crypto card that enables users to spend money, store, and exchange various cryptocurrencies and traditional currencies hassle-free.

The platform provides crypto characteristics to fiat currency accounts, something that's especially attractive to cryptocurrency and Web3 enthusiasts. Users can use the platform’s app and crypto card to spend digital and fiat currencies through the platform.    

How it works

The Wirex card functions like your standard debit card, the only difference being that you can spend crypto and traditional currencies. The crypto card facilitates the real-time crypto-to-fiat conversion of crypto at the point of sale.

However, crypto cards aren't linked directly to your bank account, unlike your regular debit card. Instead, you can top it up manually using cryptocurrency transfers of debit card and credit card deposits.

Main features

The best thing about this crypto card is that users can store more than 52 different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and Gemini Dollar (GUSD), and they can receive from and send to different kinds of wallets.

You can also buy and sell more than 250 digital assets using GBP, EUR, USD, and other fiat currencies at low rates of about 2.5%. Users in the UK and most European countries can enjoy Mastercard debit cards, while their US counterparts are offered Visa debit cards.

The cards are therefore accepted everywhere you see a Visa (US) or Mastercard (UK and EU) sign, translating to more than 80 million and 61 million outlets and ATMs globally. Card owners can pay up to 2% cash back paid in the Wirex token (WXT) any time they use it for in-store or online purchases. The card is fully supported in most countries, including most of Europe, New Zealand, Australia, and the US, and partially supported in some countries.

Card fees 

Setting up your account and receiving your physical card is free. Users aren't charged any loading or domestic transaction fees. Nonetheless, users must pay up to £29.99 or $36 monthly to enjoy the best savings and cashback rates. The company also recently stopped charging monthly account management fees.

Wirex users who maintain the free account are limited to only 0.5% cash back for in-store purchases. You can choose from numerous memberships with different fees and limits. Cardholders can enjoy unlimited crypto external withdrawals, commission-free trading, and free ATM withdrawals up to $250 but are charged 2% after that and a 1% fee on crypto top-ups.

Parting shot

The Wirex crypto card facilitates a convenient way to spend your fiat and digital currencies using a single card and account. The ability to use different fiat and cryptocurrencies via the platform's app makes it a perfect companion, especially if you have to move around a lot.

If you don't mind holding WTX, the platform's native token, and if the Wirex card is supported in your region, you can consider applying for the card and subscribing to its signature product, which lets you earn up to 8% back in WTX for online and in-store purchases.