Wirex is a crypto debit card provider and digital currency exchange company with a mission to integrate digital money and traditional banking services. With the aim of giving you control over your digital and traditional money, the company claim to be a one-stop solution to buying, storing, exchanging and spending of your crypto and traditional currencies.
Wirex started its life in late 2014. Formally known as E-Coin which was a virtual card provider, it was up until 2016 that the company rebranded as Wirex to integrate other services.
The company was founded by Dmitry Lazarichev and Pavel Matveev and has offices situated in London, Tokyo, and Ukraine. Wirex currently offers it service in over 130 different countries across different continents.
- Key Features Of Wirex
1. Buy Bitcoin and altcoins at favorable exchange rate.
2. Secure wallet to store your bitcoin and altcoins.
3. Offers physical contactless VISA debit card allowing to easily use your crypto to make day to day purchases.
4. Ability To link your debit card with your Wirex Account.
5. Easily fund your Wirex Account using your credit/debit card or direct bank transfer.
6. Earn exclusive cashback reward when you use Wirex card to spend in store.
7. Accessible via desktop or mobile
- Cost Of Wirex Card
Wirex Virtual Card: $3
Wirex Physical Card: $17 (inclusive of shipping fee)
It is important to note that there is a monthly maintenance fee of £1
It is important to note to note that Wirex is a KYC/AML complaint company and you will need to verify Proof Of Identity (POI) and Proof Of Residence (POR).
Pros:
1. Fully Regulated: Wirex claims to be a third crypto friendly company to be grant Financial Conduct Authority (FCA) e-money license.
2. Ease Of Use: Wirex was designed to ease the process of spending cryptocurrency on day to day basis. Its website is really responsive and it also provides a mobile client allowing to easily send, receive and spend your crypto anywhere in the world.
3. Security: Wirex seems to really take security seriously. All web traffic is encrypted via SSL, Wirex also claims that 99% of users funds are held in a segregated, multi-signature cold storage wallet. Wirex also supports two-factor authentication (2FA) in order to add an extra layer of security to user accounts.
4. Support Major Coins: Wirex support store, sending, receiving and exchange of most major coins like Bitcoin, Ethereum, Litecoin etc.
5. Cashback Reward: Earn 0.50% reward in Bitcoin whenever you use your Wirex VISA debit card in shops, restaurants, bars and on transport. Earned rewards can easily be redeemed and spent.
Cons:
1. Not available in all countries
2. Based on reviews, the verification process can be a bit long.
Wirex is a bitcoin debit card as well as bitcoin wallet. Once you join wirex, you can get a physical card as well as a virtual card. You can fund these cards through bitcoins on your wirex account. If you have a wirex card, you can use your balance to withdraw bitcoins through PayPal or use your PayPal to buy bitcoins. Wirex was previously known as e-coin.
Last edited by a moderator: