Wirex is the only platform that gives you access to OTC (over-the-counter) and interbank rates for crypto and traditional currency exchanges respectively.
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The rates displayed above are live and subject to constant change. They are the same up-to-date rates you see in the Wirex app when buying or exchanging crypto and traditional currencies.
The interbank rate is the price at which banks and other major financial institutions make wholesale FX (foreign... Read more
The interbank rate is the price at which banks and other major financial institutions make wholesale FX (foreign exchange, or forex) transactions. Interbank trades feature tighter spreads than are usually found in small retail transactions, which translates to a better overall price. Wirex always give you access to the interbank rate. Show less
OTC (over-the-counter) trading describes any trades that take place outside of centralised, formal exchanges like the... Read more
OTC (over-the-counter) trading describes any trades that take place outside of centralised, formal exchanges like the New York Stock Exchange or NASDAQ. OTC trades allow the parties involved to set the terms of the trade, including bid and ask prices. Wirex is the only platform that gives you the ability to exchange your crypto at OTC rates and traditional currency at the interbank rate. By working closely with a number of OTC trading desks, we make sure that you always get a good deal. Show less
The bid price is the price at which an exchange is willing to buy your base currency from you. You receive the bid... Read more
The bid price is the price at which an exchange is willing to buy your base currency from you. You receive the bid price when you exchange your base currency for another one on Wirex. Show less
The ask price is the price at which an exchange is willing to sell your base currency to you. When you buy your base... Read more
The ask price is the price at which an exchange is willing to sell your base currency to you. When you buy your base currency with one of the other currencies you hold in your Wirex account, you pay the Ask price. We use live exchange rates to provide you with the most-up-to-date market prices. Show less
Wirex strives to make the buying and exchanging of digital and traditional currencies simpler and more secure. We achieve this by integrating with 10 different exchanges and 3 OTC institutions to obtain the best currency pair pricing for each customer. Read more
You can use the Exchange currencies feature to buy or sell supported cryptocurrency, convert your traditional money to crypto or back, as well as to top up your Wirex cards. Please follow these steps to exchange currencies in your Wirex account.
Wirex current accounts have an unlimited balance. For more detailed information about current account limits, see the full article.