What Can You Do With WXT?

Region: Europe
May 16, 2022, 11:00:00 AM 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 extra on your X-Account balances - simply choose to be paid in WXT instead of in-kind and you could earn as much as 20% AER on select currencies!

Read on for six ways you can benefit from WXT. 

1. Buy and sell it

You can now buy and sell WXT via the Avalanche blockchain on gate.io for some of the lowest fees on the market!

2. Exchange it

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

3. Send it

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

4. 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 8% Cryptoback™ rewards in WXT on every purchase.

5. Earn it

Upgrade to the Elite plan and lock your WXT in-app to earn a 16% annual Savings Bonus on your WXT balance, as well as 8% Cryptoback™ rewards every time you spend in-store or online. You’ll also earn an enormous 20% AER on select currencies with X-Accounts when you choose to be paid in WXT!

6. Use it to access DeFi

Buy WXT in the Wirex app then transfer it to your Wirex Wallet for direct access to all things DeFi. Why not stake it or lock it in the popular lending protocol, Nereus, to earn platform fees and rewards?

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

For more information about sending WXT to Nereus from the Wirex Wallet, go here.