Wirex Multiply is an innovative crypto wealth product allowing users to capitalise on market volatility. You can find more information about Wirex Multiply in our blog post.
Wirex Multiply mechanics
Wirex Multiply is based on the following steps:
The platform uses your Wirex Multiply assets to open the first loan in an automated chain of loans.
With the borrowed funds from the first loan, the platform buys more crypto and uses it as collateral for a second loan in the chain.
The process repeats itself from 2 to 50 times depending on the user's Multiplier Level.
Finally, you can choose between two Wirex Multiply ending options – Take Profit or manual Close to get your profit.