Wirex is a financial services platform that offers a range of services, including a Wirex card. The Wirex card is a debit card that allows you to spend your cryptocurrency and traditional currencies in the same way you would use a regular debit card. Here is a comprehensive guide to understanding what the Wirex card is, how it works, and its benefits.
What is the Wirex card?
The Wirex card is a debit card that is linked to your Wirex account. You can use it to make purchases in both cryptocurrency and traditional currencies. You can also use it to withdraw cash from ATMs worldwide, and to make online or in-store purchases wherever Visa or Mastercard is accepted.
How does the Wirex card work?
The Wirex card works like any other debit card. Once you have created a Wirex account, you can order a card, and it will be delivered to the address you specify (within the registered region). You can then activate your card through the Wirex app and start using it for your everyday purchases.
To use your Wirex card, you will need to add funds to your Wirex account and link the currency account(s) you would like to be charged. You can top up by transferring money from your Wirex account, by receiving a transfer from someone else, or by using a third-party payment provider. Once your card has been loaded with funds, you can use it to make purchases or withdraw cash.
What are the benefits of the Wirex card?
Besides being able to spend traditional currencies like a normal debit card, one of the biggest benefits of the Wirex card is that it allows you to spend your cryptocurrency in the same way you would use traditional currency. This means you can use your crypto to buy groceries, pay bills, or book a hotel room. You can also withdraw cash from ATMs using your Wirex card, which makes it easy to access your funds when you need them.
Another benefit of the Wirex card is that it offers low fees for foreign transactions. This means you can use your card when you travel abroad without worrying about high fees or exchange rates.
Finally, Wirex offers a rewards program, Cryptoback™, that allows you to earn cryptocurrency every time you use your card. The more you use your card, the more rewards you can earn, which can be a great way to build your crypto portfolio.