What Can You Do With WXT?

Region: Europe
Jul 8, 2021, 1:00:00 PM Published By Wirex Team

There’s a lot you can do with our native token, WXT. Built on both the Stellar Network and the Ethereum blockchain, it rewards Wirex customers for their loyalty and grants them easy access to the world of DeFi.

As if that’s not enough, WXT also lets you earn an extra 4% on your X-Account balances. Simply choose to be paid in WXT instead of in-kind and you could earn as much as 16% AER on select currencies. Read on for five ways you can benefit from WXT.

1. Exchange it

Exchange your WXT into multiple other currencies - both traditional and crypto - at exclusive live OTC and interbank rates in the Wirex app.

2. Send it

Pay your friends (or yourself) in WXT by sending it to external crypto wallets in just a few taps.

3. Spend it

Spend WXT anywhere in the world with your Wirex card, whether you’re shopping in-store or online. Don’t forget, you’ll earn up to 2% Cryptoback™ rewards in WXT on every purchase.

4. Earn it

Upgrade to the Elite plan in-app and you’ll earn a 6% annual Savings Bonus on your WXT balance, as well as 2% Cryptoback™ rewards every time you spend in-store or online. Whatever your plan, you can also earn an enormous 16% AER on select currencies with X-Accounts when you choose to be paid in WXT.

5. Use it to access DeFi

Exchange your WXT to another Ethereum-based token on a Decentralised Exchange (a ‘DEX’) or use it as collateral for a loan on a Decentralised App (‘dApp’). You’ll soon be able to use WXT to buy your very own NFT, too. Stay tuned for more.

What will you do with your WXT? Find out more about X-Accounts here and open yours today to start earning industry-leading rates on your crypto and traditional currencies.