How can I open an X-Account?
- Wirex have provided a suite of products to support your goals in 2023, including X-Accounts
- X-Accounts allows users to easily earn passive income of up to 20% APR interest
- Find out more about how-to use X-Accounts
As we step into 2023, you're probably already on your way to setting new goals for the new year. And with inflation rates at an all-time high, saving your funds might have become a priority. Lucky for you, managing your wealth and investing smarter just got easier for Wirexers, and over the next few weeks, we’ll help you learn about some of our best features.
Where better to start with one of our most popular products, X-Accounts!
What is X-Accounts?
X-Accounts is one of the best ways to earn passive income, where you can automatically get money with little to no actions. It’s an easy way to earn up-to 20% APR on your crypto and fiat holdings, just for depositing funds in-app.
How to use X-Accounts?
It’s super easy and straightforward:
- If you don’t already have funds in your Wirex account, top-up by bank transfer, your linked credit or debit card and more!*
- Head to Wirex’s Grow tab in-app and click ‘Earn’ at the bottom
- Click ‘Create New X-Account'. You can create up to 10 X-Accounts at once
- Select the X-Account you want to open from the list. There’s plenty of crypto and stablecoins to choose from!*
- Choose whether you’d like to open a X-Account ‘Flexible’ or ‘Plus’ with supercharged rates (find out more here)
- Choose what you’d like to name that X-Account – maybe ‘Holiday Fund’ or ‘Savings Pot’
- Voila, sit back and watch it grow!
And unlike your bank’s savings account or ISA that offers low interest rates and high limits, with Wirex’s X-Accounts, there’s low minimum deposit amounts, no maintenance fees, and you can withdraw any time.
TOP TIPS: get up to 2% extra interest when you choose to receive your X-Account earnings back in WXT!
How are X-Accounts paid?
Earnings are calculated daily and paid weekly, so you’ll regularly get rewarded for your earnings which will automatically get added to your X-Account. What’s more, is that X-Accounts earn compound interest, so you earn interest on your interest!
You can track all your X-Accounts from the ‘Earn’ dashboard. By clicking on each X-Account, you can see the variable APR you’re earning, the amount of rewards you’re due that week, and the total amount earned in rewards.
What can you do with your X-Accounts earnings?
The perks of Wirex don’t stop there. Why not use your earnings to...
- Exchange them into 140+ cryptocurrencies and 10+ traditional currencies, all at exclusive OTC rates?
- Open a DUO to earn up to 400%+ APR yield on a pair of cryptocurrencies?
- Take out a crypto-backed loan of up to $100,000 with Wirex Credit?
- Spend them at 90M+ locations worldwide using the Wirex card, and earn up to 8% Cryptoback™ rewards?
So what better way to fight inflation in the New Year than automatically grow your funds at no cost? Open an X-Account today to start earning high-interest!
* Top-up methods and X-Accounts available may vary depending on region.