Wirex Evaluation 2022 – Options, Professionals & Cons, & Pricing


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Wirex is a digital cost platform that allows you to spend and settle for dozens of normal currencies and cryptocurrencies with out paying excessive trade charges. And with the Wirex Card, you may store overseas and luxuriate in low trade charges whereas incomes crypto rewards to your spending.

However Wirex is considered one of many forex and crypto trade choices on the market. And the U.S. facet of the platform continues to be rolling out extra options.

Our Wirex evaluate is masking how the platform works, the professionals and cons, and pricing that can assist you resolve if it is price utilizing.

Commissions & Charges – 8

Ease-of-Use – 7

Options – 7

Buyer Assist – 4

Crypto Rewards – 8



Wirex is a digital funds platform that helps 100+ currencies and 30+ cryptocurrencies. It presents aggressive trade charges and a multi-currency rewards debit card.

Get Began With Wirex

Professionals & Cons


  • Helps numerous currencies and cryptocurrencies
  • Aggressive rates of interest for crypto deposits
  • Native WXT token helps you to earn extra rewards
  • Free cross-chain pockets is offered
  • Low charges for crypto buying and selling and no commissions on fiat-to-fiat trades


  • Many options aren’t obtainable within the U.S.
  • Lack of superior crypto buying and selling instruments
  • Gradual buyer assist
  • Determining which options can be found in your space is considerably complicated

What’s Wirex?

Wirex LogoPreviously generally known as E-Coin, Wirex started in 2014 with the aim of constructing conventional and cryptocurrencies extra accessible to individuals around the globe.

Since then, it is grown to over 4.5 million clients throughout 130 nations. The platform makes exchanging fiat and crypto straightforward and reasonably priced. Plus, it has a crypto rewards debit card that allows you to earn crypto again to your on a regular basis spending.

Who’s Wirex For?

In order for you an economical cash trade resolution and a few crypto aptitude, Wirex may very well be for you. The corporate supplies aggressive, stay trade charges, letting you progress belongings round with out overpaying. And with the Wirex card, you may spend a number of currencies and crypto whereas overseas wherever that accepts Mastercard or Visa.

In order for you quite a few crypto buying and selling instruments or to spend money on different belongings like shares and ETFs, Wirex is not for you. However for reasonably priced cash and crypto exchanges and simple spending whereas overseas, Wirex is price contemplating.

What We Like About Wirex

The principle energy of Wirex is that it makes utilizing a number of currencies and cryptos quite simple whereas touring. The Wirex card is on the middle of this, letting you spend currencies overseas as in case you have been a neighborhood. And with low charges for crypto and fiat exchanges, you do not get ripped off when changing belongings.

Word: Wirex solely expanded to the USA in early 2022. At present, U.S. clients should buy, promote, and ship 30+ cryptocurrencies and U.S. {dollars} utilizing their account. Nonetheless, globally obtainable options are nonetheless being added.

Wirex Card

The Wirex Card is without doubt one of the first multi-currency debit playing cards that additionally helps cryptocurrencies. This card helps you to spend 150+ currencies and cryptos with the most effective stay trade charges, making it simpler to spend cash whereas overseas. There is not a month-to-month payment, and you do not pay international transaction charges both. Cardholders additionally rise up to $400 in free ATM withdrawals monthly.

Plus, you additionally rise up to 2% again in WXT, the platform’s native token, for all of your in-store and on-line spending. This token operates on the Avalanche blockchain, and you may earn as much as 12% APY on WXT tokens in your account. On the time of writing, WXT prices $0.01159 and has a market cap of roughly $115 million.

Versatile Foreign money & Crypto Change

With Wirex, you may shortly trade quite a lot of cryptocurrencies and fiat. In the USA, Wirex helps over 30 cryptocurrencies like:

There is not a set payment for crypto buying and selling. As a substitute, Wirex integrates with 10 completely different crypto exchanges and three over-the-counter (OTC) establishments to get the most effective charges per buying and selling pair doable. That is just like brokerages like Voyager that work with a number of exchanges to search out aggressive charges. You continue to pay various unfold charges, however Wirex would not cost extra transaction charges on prime of this.

It’s also possible to convert fiat-to-fiat with out paying any charges. In accordance with Wirex, this protects you as much as 2% versus a few of its predominant forex trade opponents. In the USA, the platform helps a dozen completely different currencies together with USD, AUD, CAD, EUR, GBP, JYP, and MXN.

Wirex X-Accounts

Crypto staking and lending platforms like BlockFi or Nexo are highly regarded as of late. These types of platforms allow you to earn passive earnings together with your crypto. And even exchanges like Coinbase and Gemini are including in staking rewards so you may put your idle crypto to work.

Wirex additionally helps you to earn passive earnings together with your crypto and match. At present, you may earn as much as 16% APY on numerous cryptocurrencies and fiat like USD or Euros. Eligible cryptos embody:

  • Aave (6% APY)
  • Bitcoin (6% APY)
  • Dai (12% APY)
  • Ethereum (6% APY)
  • Solana (6% APY)
  • TUSD (12% APY)
  • Uniswap (6% APY)
  • USDC (12% APY)
  • WTX (12% APY)

Over a dozen different cryptocurrencies and stablecoins are eligible as properly, with most paying 6% APY. Fiat currencies additionally pay 12% APY. And in case you elect to receives a commission with WXT as a substitute of in-kind rewards, you may enhance your APY by as much as 4% relying in your Wirex plan.

Curiosity compounds day by day and rewards payout weekly. You do not pay extra charges, and it is a easy method to put your digital belongings or idle money to work. And incomes as much as 16% APY beats any high-yield financial savings account by an extended shot.

You must maintain and lock-in completely different quantities of WXT to earn the utmost charges. And charges additionally enhance in case you pay for premium Wirex plans. However even the bottom charges are round 5% to six% APY for a lot of belongings.

Free Wirex Pockets

The Wirex Pockets is a keyless, non-custodial software program cryptocurrency pockets that is obtainable for Android and iOS. It helps you to securely retailer over 100 cash and switch crypto to different wallets or decentralized purposes (dApps). This pockets additionally helps NFTs, so it is a wonderful means to connect with the world of decentralized finance (DeFi) and numerous NFT marketplaces on a number of blockchains.

You’ll be able to even stake Aave and Compound out of your pockets and earn as much as 25% APY for much more passive crypto rewards. And in case you lose entry to your pockets since you lose your cellphone, you may get better your pockets on a brand new gadget via its biometric backup characteristic.

The principle benefit of this pockets is admittedly that it helps a number of blockchains. Bitcoin, Ethereum, and Solana are all suitable, making this a versatile and free software program pockets that is a pleasant different to choices like MetaMask and ZenGo.

Free Crypto Transfers

Some cryptocurrency exchanges or lending platforms cost withdrawal charges in case you ship crypto to a different tackle. These charges can simply be $25 to $50 relying on the crypto you are sending, and that is earlier than paying blockchain community charges.

With Wirex, you may ship crypto to and out of your account with out paying deposit or withdrawal charges. You continue to pay community charges that modify relying on blockchain situations, however that is the case with each trade and pockets.

The place Wirex May Enhance

Aggressive trade charges and a versatile debit card are the primary causes to make use of Wirex. Nonetheless, this firm has a number of downsides which might be price highlighting.

Extra Cryptocurrency Assist

Wirex helps over 30 cryptocurrencies, which is greater than many on-line brokers and buying and selling apps like Robinhood. Nonetheless, it is fewer cash than you get on exchanges like Coinbase or Binance.

The platform continues including new cryptocurrencies which is promising. However for extra altcoin and stablecoin assist, you are higher off with main exchanges.

Crypto Buying and selling Instruments

You’ll be able to commerce in style cryptocurrencies together with your Wirex account. Nonetheless, there aren’t superior buying and selling instruments such as you’ll discover with exchanges like Kraken or Coinbase Professional.

Finally, this makes Wirex efficient for spot buying and selling crypto. However in case you’re a extra superior dealer who wants extra buying and selling pairs and charting instruments, this is not the correct platform to make use of.

Buyer Assist

One draw back of Wirex is that it would not have a devoted buyer assist electronic mail or cellphone quantity. As a substitute, it first refers clients with inquiries to its assist middle webpage and group discussion board. It’s also possible to submit a buyer assist request, however Wirex would not state how lengthy it takes on common for its assist staff to reply.

The corporate additionally has a 1.3 star ranking on Trustpilot. Many adverse Wirex opinions complain about sluggish buyer assist instances, unanswered tickets, and account blocks that final weeks. Some customers additionally notice that the shortage of options for patrons in the USA is a draw back.

Supported Cryptocurrencies

At present, Wirex helps 35+ cryptocurrencies, together with:

Wirex Charges & Account Limits

Wirex would not cost any charges for opening an account or Wirex card. You do not pay for card supply both or for utilizing the Wirex pockets. And, as talked about, Wirex would not cost charges for cryptocurrency transaction charges in addition to its OTC charges and unfold charges. Fiat-to-fiat exchanges are additionally free.

You do pay a 1% top-up payment in case you use a credit score or debit card to purchase crypto. However except for that, Wirex could be very cost-effective.

Nonetheless, Wirex has three completely different plans that enable you to earn extra curiosity in your deposits and extra WXT rewards for buying together with your card.

These plans value completely different quantities relying the place you reside. For instance, in the USA, plans vary from 0 to 2,999 WXT monthly and supply a couple of perks like larger crypto-back rewards monthly and per transaction. However for worldwide clients who can use extra options, Wirex’s plans are fairly completely different.

Here is how the three Wirex plans evaluate for worldwide clients:

Month-to-month Value
WXT Financial savings Bonus
Cryptoback (In-Retailer)
Cryptoback (On-line)
Free Wirex Card
Reside Change Charges
OTC Crypto Change Charges

The principle purpose to pay for a Wirex plan is to earn extra crypto-back rewards when buying together with your card. And in case you maintain a considerable amount of WXT, the financial savings bonus may very well be price it.

Total, determining Wirex’s pricing, plans, and options per nation is a bit complicated. Crypto buying and selling limits additionally differ relying in your nation and the crypto you are buying and selling. You’ll find particular crypto buying and selling limits and a listing of supported nations and options on Wirex’s web site.

Account Opening Course of

You open a Wirex account by choosing your nation and getting into your electronic mail and password. After you verify your electronic mail, you need to confirm your id by offering your SSN in case you’re a U.S. resident. Different nations have completely different paperwork or data it’s essential to present to confirm your id.

Some nations additionally require verifying your tackle by importing paperwork like a utility invoice. Lastly, you may need to confirm your supply of funds by importing a financial institution assertion, however this once more relies on your nation and Wirex’s onboarding course of.

When you confirm your account, you may order your Wirex debit card without cost and start utilizing the entire options which might be obtainable in your space.

Contact Wirex

As talked about, Wirex would not have a devoted buyer assist cellphone quantity or electronic mail. You must go to the contact web page on its web site and submit a buyer assist ticket to get help. Sadly, Wirex would not present estimated wait instances for tickets.

Is Wirex Secure?

There are quite a few safety practices in place at Wirex to assist maintain your data and belongings safer. For instance, Wirex works with BitGo to make use of multi-sig wallets to maintain cryptocurrency safer. Accounts may also allow two-factor authentication, and you need to confirm your id earlier than making any main account modifications like altering the e-mail tackle.

In the USA, Wirex additionally works with custodian Fireblocks to safe belongings. Belongings are insured as much as $30 million, and Wirex states it plans on rising this insurance coverage protection because it continues rising.

Total, Wirex is a protected and safe platform. That mentioned, adverse opinions usually complain about sluggish buyer assist and accounts randomly being locked for weeks at a time.

Greatest Options

Wirex is a well-liked fiat and crypto trade that additionally has one of many oldest crypto rewards playing cards on the market. Nonetheless, it may be complicated to determine which options can be found in your space. And there are additionally many adverse opinions regarding customer support and accounts being locked for seemingly no purpose.

Fortunately, there are quite a few Wirex options you need to use to simply commerce cryptocurrencies and different fiat.


Revolut is a well-liked all-in-one cash app that allows you to ship and settle for funds in 30+ currencies and from over 200 nations. Like Wirex, it supplies stay trade charges, and also you get 10 free worldwide transfers monthly so you do not get dinged with charges.

Customers may also spend money on 30+ in style cryptocurrencies beginning with simply $1. And like Wirex, Revolut has its personal rewards card that allows you to earn money again at a rotating listing of companions.

We want Revolut for sending and accepting cash from different nations. It additionally has a wonderful in-app forex trade choice with low charges. Nonetheless, Revolut lacks the crypto reward choices that Wirex does, and it would not have its personal native token.


Greatest For: Newbie crypto merchants.

For those who’re simply all for buying and selling crypto and do not care about fiat-to-fiat exchanges, Coinbase is a wonderful Wirex different. It helps 150+ cryptocurrencies, and you may start buying and selling with simply $2 of your native forex. Plus, U.S. clients can open a Coinbase Card which lets them earn as much as 4% again for day by day spending on a rotating listing of cryptocurrencies.

It’s also possible to stake a number of cryptos and earn as much as 5.75% APY. The principle draw back to Coinbase is that charges can get a bit excessive with the fundamental model of the trade. However you may at all times swap to Coinbase Professional which begins at a 0.60% taker payment on trades.


Uphold is one other versatile different to Wirex you may think about, particularly if you wish to spend money on a number of belongings. The platform helps 130+ cryptocurrencies for buying and selling. However you can too spend money on U.S. equities with fractional shares and valuable metals. Uphold additionally helps 35+ currencies and is offered in 180+ nations.

Plus, you may stake 9 completely different cryptocurrencies and earn as much as 19.5% APY. And there is even an Uphold debit card that allows you to earn 2% again in crypto once you spend crypto on on a regular basis purchases.

The principle draw back to Uphold is that you simply pay very excessive unfold charges on crypto trades. However if you wish to spend money on shares and crypto and make the most of excessive staking charges, Uphold is price making an attempt.

Backside Line

Because the world turns into extra related, platforms that allow you to settle for and spend a number of currencies and cryptos are going to change into extra worthwhile. And for Wirex, the corporate does a number of issues proper, particularly on the subject of its aggressive trade charges.

That mentioned, Wirex continues to be rolling out options in the USA. However as of proper now, it feels fairly sparse for U.S. clients. And for the reason that platform operates in so many nations, it is typically complicated to determine what options you might have and what pricing is like the place you reside.

For an economical method to spend a number of currencies and crypto, you possibly can positively think about using Wirex and its card. Simply bear in mind that some customers complain about sluggish buyer assist instances and account blocks, so watch out with making giant deposits into your account.

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