If you're looking to upgrade your X-Account on the Wirex app to enjoy higher interest rates and increased limits, you'll be pleased to know that it's a simple process that can be completed in just a few easy steps. In this article, we'll walk you through the two methods to upgrade your X-Account.
Method 1: Upgrade to X-Accounts Plus
Step 1: Go to the Grow tab
To upgrade to X-Accounts Plus, start by navigating to the Grow tab on the Wirex app.
Step 2: Select the X-Account you want to upgrade
Under theGrow -> Earn select the X-Account you want to upgrade.
Step 3: Click on the 'Increase your variable AER by *%' button
Once you've selected the X-Account you want to upgrade, you can use either of the two ways:
1) Click on the ' Increase your variable AER by *%' button.
2) Navigate to ’Manage' -> ’Upgrade to Plus X-Account'.
Step 4: Confirm the upgrade
On the explanation screen, confirm the upgrade by clicking on the ‘Upgrade X-Account' -> 'Confirm' button.
Step 5: Wait for the upgrade to be processed
After confirming the upgrade, wait for it to be processed. This usually takes only a few minutes.
Method 2: Choose interest in WXT
Step 1: Go to the X-Accounts tab
Start by navigating to the Grow -> Earn tab on the Wirex app.
Step 2: Select the X-Accounts you want to upgrade
Under the X-Account tab, select the X-Account you want to upgrade.
Step 3: Click on the 'Manage X-Account' option
Once you've selected the X-Account you want to upgrade, click on the 'Manage' option near ‘Add Funds’ ‘Withdraw’ tabs.
Step 4: Tap 'Convert interest to WXT'
Tap 'Convert interest to WXT' to increase the interest.
Step 5: Confirm the upgrade
On the explanation screen, confirm the upgrade by clicking on the 'Confirm' button.
Step 6: Wait for the upgrade to be processed
After confirming the upgrade, wait for it to be processed. This usually takes only a few minutes.
Please note that if you choose to receive interest in WXT, you won't be able to switch back to interest in kind. However, you can open another X-Account on the same currency and toggle 'interest in kind', or simply close the existing X-Account and open a new one.
In conclusion, upgrading your X-Account is a simple process that can be completed in just a few easy steps. By following either of these methods, you can upgrade your X-Account and enjoy the benefits of a higher interest rate and increased limits.