Cryptoback™ Rewards: What you need to know

Region: Europe
Apr 6, 2021, 9:00:00 AM Published By Wirex Team

There’s nothing like a bit of retail therapy to help lift your spirits every now and then, and it’s always a bonus when you realise you’ve earned some cashback on your purchases. But what if this was also true in the world of crypto?

We launched our world’s first Cryptoback™ rewards programme in May 2018, meaning purchases made with your Wirex card earn you crypto rewards.

Want to know more? We’ve put together a handy guide for all things to do with Cryptoback™ rewards, including what it could mean for you.

Why are Cryptoback™ rewards special?

Our Cryptoback™ rewards scheme was the first of its kind. Before Wirex, rewarding customer spending with crypto had never been done.

We even recently won a High Court case in favour of our Cryptoback™ trademark.

Cashback sites can be popular for online purchases - but often they only include certain retailers, and it can take weeks for the cashback to be tracked, confirmed, and paid out to you.

With Cryptoback™ the rewards are instantaneous.

What’s more, this applies to any purchase made with your Wirex card. There’s no list of websites or retailers; you can earn Cryptoback™ rewards doing your weekly shop, buying a new phone or even when you purchase a train ticket. The possibilities really are endless.

How do Cryptoback™ rewards work?

It’s a groundbreaking concept, but there’s really nothing to it. All you’ve got to do is pay with your Wirex card to earn up to 2% Cryptoback™ rewards in WXT.

Your rewards are earned instantly and go straight into your X-tras account in the Wirex app. Then you can exchange, spend or HODL them as you see fit!

You may have also heard that we recently upgraded our rewards system. With the launch of Wirex X-tras, you can now earn Cryptoback™ rewards on purchases made in-store and online, depending on your Wirex Price Plan. Even if you’re new to the world of crypto, it’s now easier and quicker than ever to start spending, saving and earning, so everyone can get involved.

Want to know what plan works best for you? You can find out all the details here.

What do Cryptoback™ rewards mean for me?

We’ve done the maths, and it’s a big deal. Over the years Wirex users have earned nearly $1.38 million in Cryptoback™ rewards, which, in today’s terms, could buy you about 21 bitcoins or roughly 1.1 million tins of baked beans. All earned just by using their Wirex cards to make purchases.

One of our main goals at Wirex is to help bridge the gap between traditional and digital currencies, so people can make the most out of their money.

A recent study carried out by ParcelHero found that the average Brit spent around £3,379 online in 2020, but what could this mean in terms of Cryptoback™ rewards? If you made these purchases using your Wirex card, you could have earned up to 8,158 WXT* in Cryptoback™ rewards, the equivalent of around £67.58!

What’s more, for a limited time only, we’re paying out double Cryptoback™ rewards in certain regions** for every purchase made this month! That means up to 4% back in WXT throughout April.

So, what are you waiting for? Start making the most of your money today by earning Cryptoback™ rewards with every purchase!

*Calculation based on Elite membership and excludes membership fee, refer to the Wirex X-tras T&Cs

**Refer to T&Cs to see eligible regions