Introducing my WIREX experience - An easy way to cash out cryptocurrencies with VISA Debitcard and get BTC payback
Welcome Steemians, Friends and Cryptoenthusiasts!
My first cryptoexperience, was about 5 years ago. Since my first transactions and exchanges in different altcoins, I was impressed how easy, transparent and safe those tasks are acconplished. But one uncomfortable problem occured on every new investment or payout. How to change back into FIAT currencies, what are the limits, how long does it take???
This problem followed me, till I found exactly what I needed, a possibility to pay with my cryptos for my daily bills or to pay out cash, as soon as I decided to do so.
The first years, there was no alternative at all and I tested a few services like crypto.com, but they still have no debitcard on the european market (should change this year). Competitors had similar issues, so their are still not much possibilities to get european debitcard.
But a few months ago I found WIREX, an english bank with settlement in London offered an account that habits 9 different cryptocurrencies and one EURO account. Additional they give out a VISA Debitcard (NFC available) with cashback in BTC and that for zero costs, completly supported by your smartphone app.
That's were I said, give it a try, because in this cases, you don't know how it work out for you until afterwards. That's my experience and I tested a lot financial service provider.
Introducing WIREX
The easiest way to register, is to download the app from webside or you use a pc that has webcam.
For registration you need your passport and a document gives origin of your adress, like a bill (not older than 3 months).
The registration process was very easy and fast, maybe one hour in my case. As soon as your registration process is completed, you can demand immediatly the VISA debitcard. It is promised that delivery takes max. 4 days, in my case it arrived on the 5th day, but we had a day off that week.
WIREX Android app
The appearance of the Android app is trendy, like the debitcard...
Main control and wallets
The usebility and transperence of the app is really a nice piece of work, it has many features and a clean structure.
Exchanges, Limits and Fees
Everything works like advertised, you have 9 different cryptocurrencies accounts in the app, which includes BTC, Ethereum, Stellar Lumen (XLM), XRP, DAI, WLO, Litecoin, Waves and Nano. The 10th Account is in your prefered FIAT currency and has an IBAN and BIC address. Additional there is a account for your debitcard.
That means, you can receive transactions on any accounts, the money stays in that currency and can be change instantly into FIAT, which you can load on your debitcard and spend instantly.
The fees for exchange cryptocurrencies, are also acceptable, like the limits, as you can see in the next screenshot. The prices seemed to be equal to bigger exchanges and transaction is very fast (some seconds). Exchanges Prices are updated live.
Conclusion
Through Wirex comes totaly new opportunities in cashing out, trading and transfering money, I really appreciated to share my experience with you and recommend everybody, who is searching for fast and safe cash out (Shopping free, with BTC cashback, Cash out FIAT 2.5% like normal VISA feestructure).
If you search for a complete solution exchanging and transfering your cryptocurrencies, than this is the right product for you.
Special Greetings and Thanks to @originalworks and @automation!
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I have not tried myself but heard some bad reviews. Have a look at sme of the ratings on play store can't all be fake. Plus they not responded to one bad comment which makes the comments about there cust service legit. A proper company would at least respond to those comment as it is bad advertising surely?
Posted using Partiko Android
Can't say anything bad about it! Maybe they had some issues with the app in the beginning, but today everything works properly! And it is the fastest und comfortablest service for storing, exchanging and cashing out of cryptocurrencies, that I know today. The app is the heart piece, of the whole service and has a lot of features, good and safety experience. Basicly the service is free, you pay only exchange fees while changing. Transactions are all free, Limits are high and you get an additional EUR account with IBAN and BIC.
It has my full recommendation for anyone, searching for ALL-In-One solutions for handling cryptocurrencies!
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