About Wirex
Wirex is a fintech app that blends everyday banking with crypto exchange functionality. Founded in London in 2014, it started as a payments platform and added crypto support over the following years. Today Wirex serves around 4 million customers worldwide.
Fees
Wirex doesn't charge a trading fee beyond the underlying blockchain network fee. Exchange rates offered by the app can sometimes run higher than the broader market average, so it's worth comparing before larger conversions. Transfers of fiat or crypto between Wirex customers are free, and the free debit card carries various spending bonuses, with only a 1% fee applied to card-based crypto purchases.
Account Types
Wirex offers 3 account tiers — Standard, Premium, and Elite — which differ mainly in the perks attached to each, including the cashback rate earned on online and offline card spending.
Wirex Wallet
Wirex Wallet is a separate, lighter-weight app for storing, sending, and trading crypto, aimed at users who don't need the full banking feature set of the main Wirex app. It supports connections to various DApps and NFT marketplaces.
Wirex Token (WXT)
WXT is Wirex's own token. It's also listed on other exchanges, which makes it straightforward for users to withdraw or exchange WXT outside the Wirex app itself.
Wirex Details
- Trading fees: 0% (blockchain network fee only)
- Cashback: up to 16% annually in WXT
- Account tiers: Standard, Premium, Elite
- Founded: 2014, London
- Customers: ~4 million worldwide
- Security incident history: No confirmed hack of Wirex's systems
