X-Accounts is a revolutionary feature that empowers you to earn interest on your cryptocurrency and traditional currency holdings. Available in select countries, this feature offers a secure and simple way to generate interest on account balances.
In essence, X-Accounts is a DeFi-powered savings tool that generates interest on the funds held within it. The interest rate varies based on the subscription plan and tier, currency, and account balance (learn more here). To open an X-Account, simply access the "Earn" tab on the “Grow” section and follow the on-screen instructions.
With X-Accounts, you can earn interest on a range of cryptocurrencies, stablecoins, and traditional currencies. The interest is calculated daily based on your minimum daily balance and paid out weekly.
To start earning interest with X-Accounts, all you need to do is transfer funds from your regular currency account to an X-Account. Once your funds are in the X-Account, you can watch your balance grow as you earn interest. The minimum amount of allocated funds needed to begin earning high-yielding interest is $1 or its equivalent in other currencies.
Wirex offers three types of X-Accounts to match different saving styles:
- Flexible – for easy access and anytime withdrawals
- Plus – for medium-term saving with the option to withdraw after 30 days (being phased out)
- Fixed – for long-term savings and the highest interest rates
Not sure which one is right for you?
Compare all X-Account types to find the best fit for your goals.
You can also boost your interest earnings by choosing to receive your interest payment in WXT, Wirex’s native token that offers additional benefits and flexibility. These rewards can be used to pay for subscription fees or exchanged for other crypto or traditional currencies.
In conclusion, X-Accounts is an effective tool for Wirex users who want to earn interest on their cryptocurrency and traditional currency holdings. With an easy setup process and flexible withdrawal options, X-Accounts is an excellent way to grow your wealth over time. Additionally, you can take advantage of the Wirex rewards program to earn even more value for your money.