How to Save with Wirex

Now 2021 is fully under way, it’s safe to say that many of us are happy to leave 2020 in the past for a multitude of reasons. With the financial effects of COVID-19 still lingering, and many of us seeking ways to save our hard-earned money in the first few months of this year, we’ve outlined a series of ways that Wirex can help you ‘financially detox’ from other non-transparent, difficult-to-use, expensive financial products.

Whether you’re a city break traveller, frequent shopper or time-constrained professional, here’s how Wirex can save you money if you're living in the EEA.

Crypto Enthusiasts

Crypto enthusiasts could save up to £420 per year on exchange fees * - that’s nearly 3 million Satoshi or 1 Ether!

Whether you’re a hardcore crypto fan, or new on the scene with Bitcoin, Ethereum, or WXT, Wirex integrates the next-generation of payments infrastructure and digital payments to empower everyone to take advantage of the benefits of cryptocurrency.

We’ve integrated with liquidity providers to find and provide best in-market cryptocurrency (OTC) and live interbank rates, normally reserved for large banks and exchanges, as well as offering low-to-no commission fees when purchasing any of the 9 cryptocurrencies that we offer on the platform (BTC, ETH, LTC, XRP, XLM, WXT, WAVES, DAI, NANO). Not only this, but with the recent launch of our X-tras rewards scheme, those enrolled into the highest tier of the programme could earn 12% annual Savings Bonus on their WXT balance, with the potential to be given a huge amount back.

*Calculations based on the fees an individual would incur when purchasing the equivalent of 2,000 GBP in Bitcoin as a standard Wirex user versus a standard Revolut account holder. Fees based on Revolut's fee information document and Wirex's fees and limits page (as of 10 March 2021).

Crafty Consumers

Crafty consumers are always on the lookout for savvy ways to save, but with Wirex they can save over £162 a year compared to other market leaders!* - that could buy some new headphones, flights for a weekend city break, or your cryptocurrency of choice!

If you like to think of yourself as a savvy saver that’s hunting for the best deals and ways to save, Wirex’s huge range of benefits compared to other financial products will give users even more ways to set aside money. You might have heard of our revolutionary product overhaul; a big part of this is the revamp of our rewards system, X-tras. We’re proud to say that not only were we the first company in the world to launch a contactless crypto-enabled debit card, but also the first to develop a crypto rewards programme. With X-tras, you’ll be able to make the most of higher levels of Cryptoback™ rewards, with up to 2% rewards back in WXT for all online and in-store purchases, up to 12% annual Savings Bonus on your WXT balance (for a limited time), as well as the upcoming launch of X Accounts that will help you to set aside crypto assets for different occasions. Other than this, there’s no monthly fee and free card delivery, as well as the best in-market OTC and interbank rates, including zero FX fees, all normally reserved for large banks and exchanges.

So whether all these features apply to you or not, you’ll be sure to save with Wirex.

*Calculations based on the fees an individual would incur when purchasing 500 GBP of Bitcoin per month for a year, carrying out 1000 GBP worth of transactions per month, half instore and half online, for a year, withdrawing 500 GBP domestically six times in a year and withdrawing 500 GBP worth of EUR abroad six times in a year using the Wirex Mastercard versus completing the same actions as a standard Revolut account holder. Fees based on Revolut's fee information document, Wirex's fees and limits page and the Wirex Mastercard offering zero ATM withdrawal fees on up 400 GBP/EUR per month and a 2% fee thereafter, in both the UK and Europe (as of 10 March 2021).

City Break Traveller

Save up to £59 per year on foreign exchange fees when withdrawing at international ATMs vs. leading traditional banks* - that could cover a month of local public transactions fees!

Travel might not have been top of your priority list last year, but with a return to normality edging ever-closer, city break travel may well be back on the cards in 2021. Pre-COVID, back in 2018, Europe’s tourism contributed €782 billion to the economy, and every year, residents of the continent take more than a billion vacation trips.

Regardless of if it’s a weekend break in Paris, or a longer-haul trip to Zagreb, with the launch of our new multicurrency Mastercard debit card in the EEA region, Wirex will help you, alongside the more than 75,000 other people who had registered on our waitlist, save!

Having launched in March, the new card is linked to 18 secure currency accounts in the Wirex app, allowing Wirex cardholders to seamlessly spend multiple traditional and cryptocurrencies, anywhere that accepts Mastercard, without exchanging or offboarding, and will reap the benefits by being given Cryptoback™ rewards for any in-store and online purchases. Most importantly, you’ll have access to free international ATM withdrawals of up to £400 and zero foreign exchange fees at all times. For the newest currencies added to our platform - Croatian Kuna (HRK), Czech Koruna (CZK), Polish Złoty (PLN), Romanian Leu (RON) and Hungarian Forint (HUF), as well as Euros (EUR), British Pounds (GBP), US Dollars (USD) and Canadian Dollars (CAD), Wirex users from these regions can link their local currency card and save on up to 3% fees to top-up their Wirex account.

*Calculations based on the fees an individual would incur when transacting out of their own currency zone five times per year, withdrawing 500 GBP worth of EUR each time using the Wirex Mastercard versus completing the same actions as a Barclays standard current account holder. Fees based on Barclays tariff for personal customers and the Wirex Mastercard offering zero ATM withdrawal fees on up 400 GBP/EUR per month and a 2% fee thereafter, in both the UK and Europe (as of 10 March 2021).

Gamers

Get 3636 WXT in Cryptoback™ rewards on your game purchases for the year* - and get even MORE games on the PlayStation Store, Steam and Microsoft Store with Wirex

With the recent launch of Playstation 5 taking the world by storm, avid gamers can make the most of Wirex by buying their games using the new Wirex Mastercard debit card, and with no monthly fees and free card delivery, it’s a no-brainer. A recent study of gamers suggested that you could spend up to £16,000 across your life on gaming! Just by purchasing the latest game that everyone’s talking about, whether it be Call of Duty, FIFA or Need for Speed, the recent launch of our X-tras rewards scheme will allow you to earn up to 2% Cryptoback™ on any of these purchases, in-store or online. From this, you can earn up to 12% annual Savings Bonus back on all the WXT rewards you earn from Cryptoback™ rewards too!

As you can see, it’s not just gamers that benefit from Wirex, but there’s plenty of different people that can save with Wirex, so why not refer-a-friend and get rewarded £10 back?

*Calculations based on the rewards an individual would incur when spending 50 GBP per month in-store for a year as an ‘Elite’ user with the Wirex Mastercard. Note, calculations do not take into account monthly ‘Elite’ subscription fee of 2,999 WXT. Full X-tras terms and conditions, and subscription pricing structure can be found here.

Shopaholics

Whether you’re online shopping or window shopping, save up to 350 Euros per year in transaction fees with Wirex!* - That’s a whole new wardrobe!

If you love shopping and have a bit of extra pocket money to spend after Christmas, you don’t have to feel as guilty about splashing out this month, especially if it’s not in your home currency! With Wirex, you can take advantage of zero, that’s right, ZERO foreign exchange fees if you love spending abroad. Last year, we saw Wirexers frequent everywhere from Amazon to Lidl and McDonalds!

Buy domestically and abroad, and you’ll benefit from our Cryptoback™ rewards scheme, rewarding users with up to 2% back in WXT, and if international purchases are more of interest, then zero FX fees will be great in cutting back the costs. In the next few months, you can take advantage of our new X Accounts feature, helping you to budget and allocate for your shopping, depending on the occasion.

*Calculations based on the fees an individual would incur when spending 250 EUR abroad per week for a year with the Wirex Mastercard versus completing the same actions as a Barclays standard current account holder. Fees based on Barclays tariff for personal customers and the Wirex Mastercard offering zero foreign card transaction fees (as of 10 March 2021).

Commuters

Just by commuting to work, buying a coffee and a lunch everyday, you could receive £86 in rewards per year!* - That’s a two month supply of coffee!

Let’s take the average London-based professional - London’s underground system handles around 5 million passenger journeys each day, so if you account for one of these trips, or use an alternative method of transport to travel to work, then Wirex can help you save.

As the first company in the world to launch a cryptocurrency rewards programme, Cryptoback™, it’s definitely worth getting involved and taking advantage of up to 2% rewards back for any of your purchases made in-store or online as you spend throughout the day, available in our new X-tras rewards programme. By subscribing to an ‘Elite’ tier on our X-tras rewards programme, you’ll automatically get up to 12% Savings Bonus on your WXT balance for the first 3 months, and 6% thereafter. Keep on top of any spending with instant notifications from your app, so nothing goes unnoticed in your busy lifestyle.

*Calculations based on the rewards an individual would incur when purchasing a yearly TFL zones 1-3 travelcard with the cost spread monthly and spending a further £10 in-store per working day as an ‘Elite’ user with the Wirex Mastercard. Calculations do not take into account monthly ‘Elite’ subscription fee of 2,999 WXT. Full X-tras terms and conditions, and subscription pricing structure can be found here.

So whatever your spending habits or priorities are, and whether you’re a hardcore crypto enthusiast or fintech fan looking to manage your finances a bit better, Wirex is the payments platform for you.

Better yet, for the month of April, we’re offering double Cryptoback™ rewards on all in-store and online purchases, meaning you could earn up to 4% WXT rewards back! (T&CS apply).