Cryptoback™ Rewards: What you need to know

Region: Europe
Jan 12, 2024, 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 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 8% 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.

The amount of Cryptoback™ rewards you earn is determined by the price plan you have selected with Wirex. There are three different price plans available: Standard, Premium, and Elite, each with their own tiers. The maximum amount of Cryptoback™ rewards you can earn per month depends on the price plan you choose.

For instance, Standard users can earn up to 20,000 WXT, Premium users can earn up to 100,000 WXT, and Elite users can earn up to 250,000 WXT.

Additionally, the maximum amount of Cryptoback™ rewards you can earn per transaction also depends on your price plan. Standard users can earn up to 250 WXT per transaction, while Premium users can earn up to 1,500 WXT, and Elite users can earn up to 9,000 WXT.

To start earning Cryptoback™ rewards, simply use your Wirex card for eligible purchases. You will begin accruing rewards immediately. If you want to earn more Cryptoback™ rewards, you can upgrade your price plan in-app. By doing so, you will have access to higher reward limits and earn even more rewards.

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