Wirex Card
Visa + MastercardcustodialKYC: required
2.5 / 5
Net Reward3.3
Availability1.5
Custody & Risk2.0
Features2.5
UX3.5
The Wirex card is a Visa debit crypto card that links to multi-currency accounts in the Wirex app, enabling real-time crypto and fiat conversion at the point of sale. The card operates on a tiered subscription model with benefits based on plan and WXT token staking requirements, serving users in over 130 countries including the US (not all states).
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Slug: wirex-card
Our Verdict
Cryptocurrency enthusiasts who want to utilize digital assets in everyday transactions, international travelers needing multicurrency spending options, rewards maximizers seeking significant crypto rewards, and crypto investors maintaining substantial holdings who want to earn interest while maintaining spending access.
Pros and cons
Pros
- High rewards rate – up to 8% Cryptoback™ on purchases, significantly higher than competitors
- No annual fees and no explicit foreign exchange surcharges
- Multi-currency support – extensive support for 40+ cryptocurrencies and 12+ fiat currencies
- Integrated interest earning – X-Accounts offer up to 16% interest on holdings
- Seamless conversion – real-time crypto-to-fiat conversion at point of sale
- Global acceptance – usable anywhere Visa is accepted
- Named IBAN support in UK/EEA via OpenPayd partnership
- Expanding geographic availability including US market
Cons
- Subscription costs – best features locked behind paid subscription tiers
- High staking requirements – maximum rewards require substantial WXT token staking
- Verification issues – some users report difficulties with the identity verification process
- Geographic limitations – not available in all regions or US states (e.g., New York, Hawaii)
- Complex structure – tiered system with multiple levels can be confusing
- FX spreads – despite 'no FX fee' marketing, embedded spreads and top-up fees still apply
Supported chains
BitcoinEthereumPolygon
Supported cryptos
BTCDAIETHLTCMATICXRP
Fees
Annual: None
Monthly: Standard: €0 (free); Premium: €9.99/month; Elite: €29.99/month
Issuance: Free
Key Features
- Visa debit crypto card with real-time crypto-to-fiat conversion
- Tiered subscription model (Standard, Premium, Elite) with varying benefits
- Cryptoback™ rewards program offering up to 8% back in cryptocurrency
- Support for 40+ cryptocurrencies and 12+ fiat currencies
- X-Accounts offering up to 16% interest on crypto and fiat funds
- Fee-free ATM withdrawals up to 200 GBP/EUR/SGD per month
- Free multicurrency individual IBANs and SEPA transfers via OpenPayd
- Works at over 61 million locations worldwide
- Wirex Credit - borrow stablecoins against BTC/ETH collateral
Limitations
- Best rewards locked behind substantial monthly fees
- Highest rewards require significant WXT token staking (up to 7,500,000 WXT for Elite Ultimate)
- Reported difficulties with identity verification process, particularly with driver's license photo capture
- Not available in all countries or US states (New York and Hawaii have restrictions)
- Complex tier structure may be confusing for new users
- FX spreads and top-up fees still exist despite 'no FX fee' marketing
Risks
- CounterpartyCustodial platform - funds inaccessible if Wirex ceases operationsUsers do not control private keys; access via app only
- MarketRewards paid in volatile WXT tokens which may fluctuate in valueRating slightly penalized for payout in volatile WXT tokens
Rewards & Cashback
Notes: Cryptoback™ rewards program offering up to 8% back in cryptocurrency
Cashback Cap: Standard Entry: Max 100 WXT per transaction, 10,000 WXT monthly; Elite Ultimate: Max 9,000 WXT per transaction, 250,000 WXT monthly
Reward Token: WXT (Wirex Token)
Cashback Rate: 0.5% - 8% Cryptoback™ depending on tier and staking level
Interest On Balance: X-Accounts offering up to 16% interest on crypto and fiat funds
Eligibility Requirements: Higher rewards require WXT token staking for 180 days
Spending Limits
Notes: Limits are region-specific and subject to change
Atm Daily: 500 EUR or 750 GBP (EEA/UK)
Atm Monthly: 5,000 EUR/GBP (EEA/UK)
Daily Spending: 30,000 EUR/GBP (EEA/UK)
Per Transaction: 30,000 EUR/GBP (EEA/UK)
Top-Up Methods
Crypto depositFiat bank transferLinked payment methods
Banking & Financial Services
✓
IBAN
✓
SEPA Transfers
✓
Virtual Accounts
Since May 2024, Wirex has partnered with OpenPayd to provide named virtual IBANs in GBP and EUR for customers in 30+ UK and EEA countries. Supports SEPA Instant transfers for EUR accounts and Faster Payments for GBP accounts. Free multicurrency individual IBANs and free SEPA transfers.
Credit & Loan Products
Loan Products
Wirex Credit - Borrow stablecoins against BTC/ETH collateral with 0% interest advertised on certain loan-to-value ratios
Interest Rates
0% interest on certain LTVs
Security Features
Features: Two-step verification,Instant card freeze capability,Real-time transaction monitoring and alerts,Comprehensive security measures
Mobile Wallet Support
iOSAndroidNo mobile wallet support
Best For
Cryptocurrency enthusiasts who want to utilize digital assets in everyday transactions, international travelers needing multicurrency spending options, rewards maximizers seeking significant crypto rewards, and crypto investors maintaining substantial holdings who want to earn interest while maintaining spending access.
Custody Model
custodialPlatform holds all crypto and fiat on behalf of users. Users do not control private keys; access via app only.
Risk: Funds inaccessible if Wirex ceases operations
Card Issuer & Compliance
Issuer Name: Wirex Limited
Kyc Required: true
Issuer License: Authorised Electronic Money Institution (EMI) regulated by UK Financial Conduct Authority (FCA)
Platform Licenses: FCA-regulated EMI (UK),MAS exemption under Payment Services Act 2019 (Singapore),Mastercard principal member (July 2020),OpenPayd partnership for IBAN services (FCA and MFSA-regulated)
Availability
Available in 23 countries including US (48 states), UK, EEA, Australia, Hong Kong, Singapore and other APAC markets. 130+ countries total claimed. US: Not available in Hawaii and New York.
Card Tiers
Standard - Entry
Physical
No staking required
Fees
Issuance: Free
Monthly: €0 (free)
Visa
Cashback: 0.5% on card purchases
ATM Free: 200 GBP/EUR/SGD (or 400 AUD) per month
Free account with basic Cryptoback™ rewardsUp to 1% annual savings bonus on WXT balanceUp to 16% X-Accounts interest (Enhanced tier)
Standard - Enhanced
Physical
Lock 150,000 WXT tokens for 180 days
Fees
Issuance: Free
Monthly: €0 (free)
Visa
Cashback: 1% on card purchases
ATM Free: 200 GBP/EUR/SGD (or 400 AUD) per month
Max 250 WXT per transaction20,000 WXT monthly capUp to 16% X-Accounts interest
Premium - Entry
Physical
Monthly subscription
Fees
Issuance: Free
Monthly: €9.99/month (approx. €102 annually with 15% discount)
Visa
Cashback: 1% on card purchases
ATM Free: 200 GBP/EUR/SGD (or 400 AUD) per month
Max 250 WXT per transaction50,000 WXT monthly capUp to 6% annual savings bonus on WXT balanceUp to 13% X-Accounts interestExclusive merchant offers and discounts
Premium - Enhanced
Physical
Lock 250,000 WXT tokens for 180 days
Fees
Issuance: Free
Monthly: €9.99/month
Visa
Cashback: 2% on card purchases
ATM Free: 200 GBP/EUR/SGD (or 400 AUD) per month
Max 500 WXT per transaction75,000 WXT monthly capBetter rates for currency exchanges
Premium - Ultimate
Physical
Lock 750,000 WXT tokens for 180 days
Fees
Issuance: Free
Monthly: €9.99/month
Visa
Cashback: 3% on card purchases
ATM Free: 200 GBP/EUR/SGD (or 400 AUD) per month
Max 1,500 WXT per transaction100,000 WXT monthly cap
Elite - Entry
Physical
Monthly subscription
Fees
Issuance: Free
Monthly: €29.99/month (approx. €306 annually with 15% discount)
Visa
Cashback: 4% on card purchases
ATM Free: 200 GBP/EUR/SGD (or 400 AUD) per month
Max 500 WXT per transaction125,000 WXT monthly capUp to 16% annual savings bonus on WXT balanceUp to 16% X-Accounts interestPriority customer supportCurated elite offers from merchant partners
Elite - Enhanced
Physical
Lock 1,500,000 WXT tokens for 180 days
Fees
Issuance: Free
Monthly: €29.99/month
Visa
Cashback: 6% on card purchases
ATM Free: 200 GBP/EUR/SGD (or 400 AUD) per month
Max 3,000 WXT per transaction200,000 WXT monthly cap
Elite - Ultimate
Physical
Lock 7,500,000 WXT tokens for 180 days
Fees
Issuance: Free
Monthly: €29.99/month
Visa
Cashback: 8% on card purchases
ATM Free: 200 GBP/EUR/SGD (or 400 AUD) per month
Max 9,000 WXT per transaction250,000 WXT monthly capMaximum rewards potential for high-volume spenders
Token Economics
WXT
Staking APY
180 daysUp to 1% (Standard) APY
180 daysUp to 6% (Premium) APY
180 daysUp to 16% (Elite) APY
User Ratings
2.9/5.0 (17,249 ratings)
Trustpilot
3.8/5.0 (34,278 ratings)
Google Play
3.7/5.0 (803 ratings)
App Store
Mixed reviews - positive feedback on seamless crypto/fiat integration and rewards, common complaints about verification issues and complex tier structure
Roadmap & Updates
Recent Updates:
- May 2024: Partnership with OpenPayd for named virtual IBANs in GBP and EUR for 30+ UK and EEA countries
- February 2022: US availability expanded
Conclusion
The Wirex card represents a significant advancement in cryptocurrency payment solutions, effectively bridging digital assets with everyday spending. Its standout Cryptoback™ rewards program offering up to 8% back positions it among the most generous in the market, while fee-free structures for annual membership and competitive foreign exchange rates make it appealing for international users. The card's tiered subscription model provides flexibility, allowing users to select a plan aligned with their spending habits and reward expectations. However, the most attractive benefits require either monthly subscription fees or substantial WXT token staking, creating a significant barrier for casual crypto users. For cryptocurrency enthusiasts who regularly make purchases, frequent travelers dealing with multiple currencies, and rewards-focused individuals spending enough to offset subscription costs, the Wirex card offers compelling value.
Card launched: 2021 (waitlist announced October 2020)
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