Wirex is a cryptocurrency platform, based in Lithuania, that offers a prepaid card allowing users to spend their cryptocurrencies and fiat money anywhere.
The card is available in different versions and offers a range of benefits, including:
Spend cryptocurrencies anywhere: The Wirex card can be used to make payments at any POS that accepts Visa or Mastercard. This means you can use your cryptocurrencies to purchase everyday goods and services, just like you would with a traditional debit or credit card.
Convert cryptocurrencies into fiat money: With the Wirex card, you can instantly convert your cryptocurrencies into fiat money at the time of use. This means you don't have to worry about price fluctuations or finding a store that accepts cryptocurrencies.
Earn interest on your cryptocurrencies: Wirex allows you to earn interest on your cryptocurrencies held in your account. Interest rates vary depending on the cryptocurrency held, but can go up to 8% annually.
Receive cashback on purchases: With Wirex's cashback program, you can earn cashback on all your card purchases. Cashback is paid out in cryptocurrency and can go up to 1.5%.
Security and protection: Wirex is an authorized and regulated platform, and the Wirex card is protected by a range of security features, including an EMV chip and two-factor authentication.
Use IBAN: Wirex provides a Lithuanian IBAN that you can use to receive and send bank transfers.
How does the Wirex card work?
To get a Wirex card, you need to create an account on the Wirex website. Once your account is verified, you can request the card. The card will then be sent to your home address.
To use the Wirex card, you need to top it up with cryptocurrencies or fiat money. You can top up your card via bank transfer, credit card, or cryptocurrency.
Once your card is topped up, you can use it to make payments wherever Visa or Mastercard are accepted. When you use your card to make a payment, your cryptocurrencies will be automatically converted into fiat money at the current exchange rate.
How to Request and Activate the Wirex Card
Requesting the Wirex card is a simple process that can be completed online in a few minutes:
Create a Wirex account: Go to the Wirex website (https://wirexapp.com/card) and click on the "Sign Up" button. Enter your personal details, including name, surname, email address, and password. Verify your email to confirm your registration.
Complete identity verification: To use all the features of Wirex, including requesting the card, you will need to complete identity verification. This process involves submitting an identity document and a selfie to confirm your identity.
Choose your card: Wirex offers several prepaid cards, each with different features and benefits. Compare the available cards (https://wirexapp.com/card) and choose the one that best suits your needs.
Request the card: Once you've chosen the card, click on the "Request Card" button and follow the on-screen instructions. Enter your shipping details and choose the payment method for the card activation fee.
Activate your card: Once you receive your Wirex card, you'll need to activate it before you can use it. Go to the Wirex website or app, log in to your account, and go to the "Cards" section. Click on your inactive card and follow the instructions to set the PIN and activate the card.
Reloading Your Wirex Card
There are several ways to reload your Wirex card:
Bank transfer: Log in to your Wirex account and go to the "Cards" section. Click on your card and choose the "Reload via bank transfer" option. Get the card's bank details and make a transfer from your bank account.
Credit/debit card: Log in to your Wirex account and go to the "Cards" section. Click on your card and choose the "Reload with credit/debit card" option. Enter your credit/debit card details and the amount you want to reload.
Cryptocurrencies: Log in to your Wirex account and go to the "Wallet" section. Select the cryptocurrency you want to use for the reload and click on the "Exchange" button. Choose your Wirex card as the destination and enter the amount to transfer.
Apple Pay/Google Pay: If available in your region, you can reload your Wirex card using Apple Pay or Google Pay.
Tips for Reloading Your Wirex Card:
Make sure you have sufficient funds in your bank account or on your credit/debit card before reloading.
Check the daily and monthly reload limits associated with your card.
Fees may apply for reloads, so check the fees applied by Wirex.
TIP
I recommend using the Wirex card, like any other card, to cash out and spend your crypto. Avoid keeping large sums and making significant transfers; in some cases, we've encountered issues with card blocks.
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