Enhance your Crypto transactions with Wirex Crypto card.

Using Cryptocurrencies to pay for goods has always faced limitations, this has occurred due to factors related to low Cryptocurrency adoption in many countries. Cryptocurrency adoption has been affected by trust and speculated complexity. These two things have hindered the growth and incorporation of Cryptocurrencies in many established businesses, it's until now when numerous projects have come out to encourage trust and project convenience in crypto activities that we have seen banks and many big businesses adopt Cryptocurrencies. We have seen many projects come out to make our Cryptocurrency transactions easier and yet again we have another company that combines both the traditional and the new crypto means to make transactions with Visa cards very cheap and convenient. Now it is easy to instantly pay for any item at your local supermarket using crypto.

Wirex crypto card is essentially a Visa Card that allows its users to seamlessly convert and spend their traditional and Cryptocurrency anywhere including traditional businesses that only accept standard Visa cards. The company started as E-Coin with the main goal of providing virtual cards. In February 2016 it changed its name to Wirex. About 3 years down the road Wirex has achieved transaction volumes of $2.0 billion and just over 1.8 million users. Wirex headquarters are in London though Wirex is supported in over 130 different countries, the United States is not supported. The company has been improving ever since and they have incorporated the functionality of effortlessly using Cryptocurrencies in every shop and stores that allow Visa Cards. Users can spend over 10 fiat currencies[ GBP, EUR, USD, AUD (Australian Dollar),CAD (Canadian Dollar),CHF (Swiss Franc),CZK (Czech Koruna),HKD (Hong Kong Dollar),JPY (Japanese Yen),Mexican Peso (MXN),SGD (Singapore Dollar)] and up to 6 cryptocurrencies so far. It supports BTC, ETH, WAVES, WLO, DAI, XRP, and LTC. Wirex crypto card can be recharged with either bank transfer, credit, debit card, or using existing tokens. Users who use Cryptocurrencies for transactions benefit from a 0.5% crypto back on every purchase made with your Wirex debit card, this bonus which is always in bitcoin can be redeemed and exchanged for other currencies or used to purchase goods. The card can be frozen and defrosted from within the app if lost and there are no fees for inactivity. The USD card has a $1.50 monthly fee and is currently free to order (including delivery). In-app notifications allow users to keep track of their spending. The card has no maximum balance limit but has a maximum of $10000 of card activity. Luckily Wirex does not restrict its users on when they have to make transactions like other banking services. Wirex services work 24/7.

Other Wirex debit card fees include $2.50 USD for any ATM withdrawal within Europe and $3.50 USD for withdrawals outside of Europe. Online and offline payment for goods and services are not charged.

Wirex has successfully integrated technologies for global payments and peer-to-peer transfers, allowing for service you can use with just several clicks. The company also protects privacy, enhances security, and improves the customer experience. Wirex works to constantly improve its services and products to better meet the needs of clients.

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Wirex

Wirex most impressive features.

• The most impressive feature is the freedom to make any crypto transaction when paying for goods and services in stores, supermarkets, restaurants or literally any business that allows Visa cards.
• You can connect both your debit and credit card to Wirex to make transactions easy and natural.
• Wirex app (that can be downloaded from the playstore and appstore) lets you store your cryptocurrencies with convenience and security.
• You can easily send your digital currencies to anyone around the world without paying any transaction fee. Wirex has mastered the peer to peer money transfer making it very easy for users to send money to anyone anywhere in within just seconds. Users can also seamlessly exchange between cryptocurrencies and fiat without paying any fees.
• A 0.5% cryptoback in bitcoin for every crypto transaction with your contactless Wirex Crypto card.
• Instant conversion of Cryptocurrencies to GBP, EUR and USD.
• Some of the best exchange rates(exchange rates are by far preferred to those of most banks).
• Very simple to use, the interface and mobile apps have an easy and functional interface.
• Free registration and card delivery.

Wirex Shortcomings

• Only available in Europe
• The management fee of $1.5 is quite high.
• Wirex Visa cards aren't accepted everywhere.
• Complaints from many users about mediocre customer care and frozen digital coins.

I dream of a world where Cryptocurrencies are accepted in every business as a medium of exchange and Wirex is one of the successful initiatives that has taken a big step in the right direction. No fees on transactions, convenience in paying for items on any local store in my local setting, easy to manage funds on my mobile app and instant conversion of crypto to fiat is an added merit. This could have been much better if Wirex was accepted globally nevertheless Wirex is a great start to using crypto assets on our debit and credit cards.

This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.

Important links

Wirex https://wirexapp.com/