Buying bitcoin instantly with a credit card can be expensive. Some companies charge a whopping 9% commission!
They have to because of the cost of business, credit card processing fees, partner integrations, etc.
Wirex is different.
With almost 1,000,000 registered users in 130 countries, $1 billion in transactions over the past 4 years, and institutional funding from SBI Group in Japan, we can do a lot better for you than small start-up companies.
And because of the growing Wirex payment liquidity pool (‘W-Pay’ – announced in September), we can now offer bitcoin purchases without any commission fee at all.
Simply link your regular bank debit or credit card (Visa or MasterCard), and buy bitcoin instantly.
Here’s a step-by-step video walkthrough of exactly how to buy bitcoin instantly with the Wirex app:
Q: Do I need customer verification to buy bitcoin?
A: Yes. To provide the most secure environment for all customers we need basic customer identity verification.
Q: What is your exchange rate?
A: The global price of bitcoin fluctuates every second based on the volume of trading happening worldwide. Our exchange rate comes from our liquidity providers who bid against each other to provide our customers with the best possible rate at the moment of purchase.
Q: What are the limits for buying bitcoin?
A: The current limit is $250 worth if bitcoin each week. This limit will be raised for fully verified customers.
Q: How much will my bitcoin be worth tomorrow, next week, next year?
A: We believe the price will be higher. Potentially several times higher than today’s price. However, the price depends on the global marketplace and there is no certainty of what the bitcoin rate might be at any time in the future. See the disclaimer below.
Q: How can I sell my bitcoin to cash in the profits I make?
A: Wirex has made it just as easy to sell your bitcoin at the price you want based on market demand at any time. Exchange bitcoin for local currencies like USD, GBP or EUR to load your Wirex payment card and spend as you like or withdraw at the ATM. Full details available inside your Wirex account.
Q: Is Bitcoin legal?
A: Bitcoin is legal in almost every country around the world. Bolivia has made bitcoin illegal. Tragic for Bolivians. The Russian government is going to create their own cryptocurrency Japan has made bitcoin nationally recognised legal tender (‘money’), and global adoption is growing fast. South Korea and China are exploring the regulation of Bitcoin.
Q: Is bitcoin safe?
A: Bitcoin security is very, very important. Remember, bitcoin is decentralized, which means it’s not part of the traditional banking system. There is no bank insurance that will give you money if you lose your bitcoin. Wirex takes careful measures to secure your bitcoin wallet to ensure that your bitcoin is as safe as possible. We use 2-Factor Authentication. Please remember to use a very strong password. Not your niece’s first name. Learn how to protect your bitcoin.
Q: How do I get started, safely, securely and quickly?
It really couldn’t be easier. Inside your Wirex account or app, you’ll find the ‘buy bitcoin’ screen. Link your bank card and choose the amount of bitcoin you want to buy. The transaction goes through instantly and your bitcoin is securely stored inside your Wirex bitcoin wallet.
Don’t yet have a Wirex account? Register now!