Region: Europe
Oct 22, 2018, 5:39:38 PM Published By Wirex Team
We will soon be launching Wirex prepaid cards in the USA! For the first time, US-based Wirex users will be able to instantly buy and convert their XRP, Bitcoin, Litecoin and Ether into USD letting them spend their digital tokens seamlessly in everyday life.To make it happen, we teamed up with payments processing platform and Money20/20 sponsor, i2c Inc. Their mission is to provide card issuers with the tools to create their own future of payments a goal that is very much aligned with our own desire to make finance smarter and more accessible.When theyre not cheering on #TeamCrypto alongside Wirex at the great Money20/20 Payments Race (find out how Team Crypto racer Max Meilleur is getting on here), i2c Inc. are based in the Californian tech utopia of Redwood City. They boast cardholders in 216 countries and territories around the world and operate offices in London, Dubai, Lahore, Singapore, Montreal and Sydney. As a company with similar global reach, the partnership between i2c and Wirex is a match made in digital-heaven.All well and good, but how does this benefit our users? Simply put, Wirex users in the US will be able to take control of their digital and traditional currencies on a single, open platform. That means buying, storing and converting XRP, BTC, LTC and ETH in-app or on a browser, whilst enjoying world-class exchange rates and zero hidden fees.Users will be able to spend their converted crypto using the Wirex prepaid card the worlds most powerful, crypto-enabled card, and the only one that generates Cryptoback (0.5% in BTC) on all in-store purchases.If this is your first time in the world of digital cash, Wirex offers a simple solution for both first-time dabblers and seasoned crypto investors, explains Wirex North America CEO Vroon Modgill. The Wirex prepaid card, enabled by the i2c platform, is the easiest way for US consumers to spend their choice of crypto in-store and online using market-leading tech.Its time to climb aboard, America. Get ready for the launch by following us on Facebook, Twitter, Instagram and Telegram. Be the first to download the app and to get your hands on the Wirex prepaid card!
FAQs
Your Wirex Visa Prepaid Card (the “Wirex Card”) will be issued by Sutton Bank, an Ohio chartered bank corporation whose main address is at 1 South Main Street, Attica, Ohio and who is a member of Visa.
Is Wirex available in the USA? ›
In the USA, our Wirex app is linked to a crypto-backed Visa card, and we're working with Visa, a world leader in digital payments, to provide a unique set of payment and crypto services that aims to improve the everyday lives of fintech fans and crypto enthusiasts alike.
Is the Wirex card legit? ›
Wirex operates as a licensed and regulated platform, having obtained their e-money license from the UK Financial Conduct Authority (FCA) in 2018. Regarding account safety, Wirex appears to offer robust measures, including access to two-factor authentication (2FA), which is considered a standard practice among industry.
What is better than Wirex? ›
Other important factors to consider when researching alternatives to Wirex Wallet include ease of use and reliability. The best overall Wirex Wallet alternative is Coinbase Wallet. Other similar apps like Wirex Wallet are Zengo Wallet, Exodus, Trust Wallet, and Luno.
Does Wirex have a virtual card? ›
The virtual card is available through the Wirex app and can be used for online purchases, while the physical card can be used at any point of sale or ATM that accepts Visa or Mastercard.
What network does Wirex use? ›
Wirex uses the EVM addresses for supported networks, including Ethereum, Binance Smart Chain, and others.
Can I withdraw cash from Wirex Card? ›
ATM Withdrawal:
You can withdraw cash from any ATM worldwide that accepts Visa or Mastercard.
What country is Wirex from? ›
Founded in 2016 and headquartered in London, England, Wirex falls under the purview of the UK's FCA, the Bank of Lithuania, and Singapore's MAS. The platform supports countries across Europe and the Asia Pacific.
Is my money safe in Wirex? ›
Fact: Keeping your money safe is one of our key focuses at Wirex, as is accessibility, which is why we use multisig mobile wallets. Combined with the existing safety assurances of the blockchain, our wallets incorporate a range of security measures to ensure the risk of theft is minimised.
Who owns Wirex? ›
co-founders Pavel Matveev and Dmitry Lazarichev, who identified the need to open up the esoteric world of cryptocurrencies and make digital money accessible for everyone.
Wirex Cryptoback™ is a rewards program offered by the Wirex platform that allows users to earn cryptocurrency for making purchases with their Wirex Visa or Mastercard debit card.
How many people use Wirex? ›
The first few months of 2020 have been one of Wirex's most successful in history, and we're excited to say that we've now reached 3 million registered users across 130 countries.
Can US citizens use Wirex? ›
We're excited to announce that Wirex has launched in the USA! Americans all across the country will now be able to access easy, secure, and more affordable crypto and fiat currencies in everyday life.
Does Wirex report to the IRS? ›
No, as of 2024, Wirex does not automatically deduct taxes from crypto trades. However, Wirex might still report your crypto transactions to your country's tax authority, like the IRS or HMRC.
How much does it cost to get a Wirex card? ›
Wirex Card Tiers and Features Comparison
| Wirex X-tras Tier | Monthly Cost | WXT Savings Bonus |
|---|
| Standard (Entry) | $0 | 0% |
| Standard (Enhanced) | $0 | 1% |
| Premium (Entry) | $9.99 | 0% |
| Premium (Enhanced) | $9.99 | 3% |
4 more rowsJun 13, 2024
To withdraw funds from your Wirex account via bank transfer, simply log in to your Wirex account, click on "Send" and select the "Pay" option. Choose the relevant currency account (EUR or GBP) and then select "Bank Transfer". From here, enter the amount you wish to withdraw and the recipient details for the transfer.
Is Wirex legal? ›
This firm is shown on the Register because it is now, or was previously, approved by the FCA (or relevant regulatory body).
Can I use Wirex at ATM? ›
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.
What country is Wirex? ›
Wirex is a unique UK fintech that aims to make all currencies equal. Operating in 130 countries with 3.1m registered users, this crypto-friendly payments platform launched the world's first crypto-enabled payments card. In 2020, Wirex became Mastercard's first crypto-friendly principal member.
