Wirex | Making currencies equal and available to everyone (2024)

FAQs

Wirex | Making currencies equal and available to everyone? ›

Wirex is a digital payment platform that aims to make crypto and traditional currencies equal and accessible to everyone.

Step 5: Choose your currency

You can choose from a variety of crypto, stablecoin, and traditional currencies such as BTC, ETH, USDT, USDC, XRP, GBP, EUR, USD, and more.

You can send up to 250,000 EUR/GBP per day and a maximum of 3 bank transfers in a single day.

The best overall Wirex Wallet alternative is Coinbase Wallet. Other similar apps like Wirex Wallet are Zengo Wallet, Exodus, Trust Wallet, and Luno. Wirex Wallet alternatives can be found in Cryptocurrency Wallets but may also be in Cryptocurrency Exchanges or Blockchain Payment Systems.

Regulated: Wirex is regulated by FCA, Bank of Lithuania and by the MAS. Customer Support: Users may contact customer support by raising a support ticket. The Customer Support team is extremely responsive. Fiat Money: Users may send, receive, exchange, and spend any one of 9 supported fiat currencies.

Fact: Keeping your money safe is one of our key focuses at Wirex, as is accessibility, which is why we use multisig mobile wallets. Combined with the existing safety assurances of the blockchain, our wallets incorporate a range of security measures to ensure the risk of theft is minimised.

Wirex offers two options for cash withdrawals: bank transfer and ATM withdrawal. In this article, we'll guide you through the process of withdrawing cash using either of these methods. Bank Transfer: If you need to withdraw larger sums of money, a bank transfer might be the best option for you.

If the recipient is a Wirex user, you can send money by entering their Wirex nickname, phone number or email associated with the Wirex account. After entering the amount and recipient's details, review the transaction details to ensure everything is accurate.

Wirex may block your account for several reasons, including suspicious activity, security breaches, or verification issues. If your account is blocked, you will not be able to withdraw cash.

In terms of which platform is considered better, it ultimately depends on your specific needs and preferences. Coinbase may be a better option for beginners looking to buy and hold a few major cryptocurrencies, while Wirex may be more suitable for users looking for a wider range of services and cryptocurrency options.

Who owns Wirex? ›

About Wirex

Founded in 2014 by CEOs and co-founders Pavel Matveev and Dmitry Lazarichev, Wirex was created to make the digital economy accessible to everyone.

Wirex uses the EVM addresses for supported networks, including Ethereum, Binance Smart Chain, and others.

Wirex Limitations and Drawbacks

While Wirex is a robust platform that offers a crypto exchange, an in-built wallet, and a crypto debit card, there are a few drawbacks to be aware of before creating a Wirex account.

The first few months of 2020 have been one of Wirex's most successful in history, and we're excited to say that we've now reached 3 million registered users across 130 countries.

For a cost-effective way to spend multiple currencies and crypto, you could definitely consider using Wirex and its card. Just be aware that some users complain about slow customer support times and account blocks, so be careful with making large deposits into your account.

What makes users choose Wirex? Spend crypto and stablecoins anywhere with physical or virtual Wirex card. Earn up to 8% Cryptoback™ on every transaction. Earn up to 16% APR on your crypto.

Your Wirex account gives you instant access to a huge range of top cryptocurrencies. Buy, exchange or HODL everything from perennial favourites like Bitcoin and Ether to up-and-coming Decentralised Finance (DeFi) tokens like MKR and AAVE in the Wirex app, at the best rates around.

We love stablecoins here at Wirex. Which is why we were delighted to welcome five new ones to the app late last year. Among them was the OG stablecoin itself - Tether, or USDT. Being the first and most widely used stablecoin on the market, you've probably come across it before.

Check the ATM's withdrawal limits before attempting another transaction. Wirex may block your account for several reasons, including suspicious activity, security breaches, or verification issues. If your account is blocked, you will not be able to withdraw cash.

LONDON, Feb. 7, 2022 /PRNewswire/ -- Wirex, a leading digital payments platform, has launched its services in the US, giving millions of people more affordable, easy and secure access to crypto and fiat currencies in everyday life.