WIREX: UNLEASH THE TRUE POWER OF GLOBAL BUSINESS TRANSACTIONS WITH CHEAP MULTICURRENCY EXCHANGE OPTIONS

Wirex is a digital payments platform that offers a range of services related to cryptocurrencies and traditional currencies i.e. buy, sell, exchange, hold and spend crypto and fiat currencies seamlessly in the international market. Whether you are a freelancer, a small business owner, or a large corporation, wirex can help you streamline your payments, reduce your costs, and access new markets. Wirex also offers rewards, savings, and investment features for its customers.

In this blog post, we will discuss Wirex features, pricing, platform insights, pros,cons & how to get started.

*This post contains partner links and i/we will be compensated if you purchase through these links.

TABLE OF CONTENTS

INTRODUCTION
WIREX APP PRODUCTS
KEY FEATURES
PRICING & BENEFITS
PROS & CONS
HOW TO GET STARTED?
PLATFORM INSIGHTS
CONCLUSION

WIREX PRODUCTS

1. Buy and Sell

Currency exchange

Security

Cryptocurrencies

2. Send and Receive

Crypto transfers

Payments

Wirex Wallet

3. Spend and Collect

Wirex card

Cryptoback™ rewards

4. Rewards

X-tras

5. Earn and Borrow

Wirex Multiply

X-Account

Wirex credit

6. Merchant Offers

Visa offers

Mastercard offers

TOP FEATURES OF WIREX

Here are some of the top features of Wirex that make it stand out from the crowd.

- Wirex Account: The Wirex account is a multi-currency account that lets you store, exchange and transfer your crypto and fiat currencies with ease. You can access your account online or through the Wirex app, and enjoy low fees, high security and fast transactions. The Wirex account also supports OTC (over-the-counter) and interbank rates, which means you get the best possible prices for your trades.

- Wire X-Account: X-Account is a revolutionary feature that allows you to earn interest on your cryptocurrency and traditional currency holdings. This feature, which is available in a few countries, provides a safe and simple way to earn interest on account balances. In essence, X-Accounts is a DeFi-powered savings tool that pays interest on funds held within it. The interest rate varies depending on the subscription plan and tier, currency, and account balance.

- Wirex Duo: Through the pairing of digital currencies, Wirex Duo provides an investment opportunity to maximize returns. Align your investment with your financial objectives by selecting from nearly 100 pairs. With a guaranteed return in either the invested currency or the quote currency, investments are secured for a period of time between 12 hours and 7 days.

- Wirex Multiply: Wirex Multiply allows you to loan a portion of your assets in order to forecast the future value of a currency, whether higher or lower. You can choose parameters to increase the value of the loan, and thus potential returns and risk, by predicting the difference between the buy and sell price.

A leveraged exposure to the market pair of the investor's choice is provided by the "Wirex Multiply" product. Recursive borrowing allows you to invest the total borrowed funds in order to increase returns while increasing risk.

Wirex Multiply operates on the following principles:

The platform opens the first loan in an automated chain of loans using your Wirex Multiply assets.
The platform purchases more crypto with the borrowed funds from the first loan and uses it as collateral for a second loan in the chain.
Depending on the user's Multiplier Level, the process can be repeated up to 50 times.
Finally, to get your profit, you can choose between two Wirex Multiply ending options: Take Profit or manual Close.

- Wirex Card: The Wirex card is a Visa debit card that lets you spend your crypto and fiat currencies anywhere Visa is accepted. You can also withdraw cash from ATMs, get instant notifications and enjoy zero exchange fees. The Wirex card supports over 20 currencies, including Bitcoin, Ethereum, Litecoin, XRP and more.

- Wirex App: The Wirex app is your gateway to the world of crypto and fiat. You can buy and sell cryptocurrencies with your linked bank account or credit/debit card, exchange currencies at live rates, track your spending and manage your account. The Wirex app also offers rewards, such as Cryptoback™, which gives you up to 2% back in WXT (Wirex token) every time you use your Wirex card in-store or online.

- Wirex Token: The Wirex token (WXT) is a utility token that powers the Wirex platform and offers various benefits to its holders. You can earn WXT by using your Wirex card, referring friends, completing tasks and more. You can also use WXT to unlock exclusive features, such as higher rewards, lower fees, premium services and access to special events.

These are just some of the top features of Wirex that make it a leading platform for crypto and fiat users. If you want to learn more about Wirex or signup for an account, visit their website.

WIREX PRICING & BENEFITS

Whether you want to use Wirex as a personal or a business account, you can choose from three different plans that suit your needs and preferences:

Standard (Free)
Premium
Elite

1. Standard plan

Standard plan is the most basic and affordable option for wirex users. With this plan, you can enjoy the following benefits:

Pricing

Free, unlimited subscription at €0/month charges.

X-tras Are the rewards & perks applicable for different accounts/plans:

Up to 1% cryptoback™ on card purchases

Up to 1% annual saving bonus on wxt balance

Up to 16% x-accounts aer

{*AER (annual equivalent rate) is the interest earned for keeping crypto/currency in wirex wallet for a relevant time period.}

Features

Free fully-featured cryptocurrency wallets

Free wirex card

Market-leading rates

Spend in over 150 currencies at live exchange rates

Unlimited live exchange rates

Unlimited access to otc (over-the-counter) crypto exchange rates

Payments

Unlimited cryptocurrency external transfers

Withdrawals

No fee atm withdrawals up to €200 per month, then 2% fee

2. Premium plan

Premium plan is the next level up for wirex users who want more features and perks. With this plan, you can enjoy the following benefits:

Pricing

Annual, 90-day break clause subscription at €9.99/month paid monthly 'or' €102/year paid upfront.

{*90 days clause subscription is a subscription in which the client will be able to cancel the contract by giving a 90 days notice period.}

X-tras

Up to 3% cryptoback™ on card purchases

Up to 6% annual saving bonus on wxt balance

Up to 16% x-accounts aer

Merchant offers

Features

Free fully-featured cryptocurrency wallets

Free wirex card

Market-leading rates

Spend in over 150 currencies at live exchange rates

Unlimited live exchange rates

Unlimited access to otc (over-the-counter) crypto exchange rates

Payments

Unlimited cryptocurrency external transfers

Withdrawals

No fee atm withdrawals up to €200 per month, then 2% fee

3. Elite plan

Elite plan is the ultimate option for wirex users who want the best of the best. With this plan, you can enjoy the following benefits:

Pricing

Annual, 90-day break clause subscription at €29.99/month paid monthly 'or' €306/year paid upfront.

X-tras

Up to 8% cryptoback™ on card purchases

Up to 16% annual saving bonus on wxt balance

Up to 20% x-accounts aer

Curated elite offers from merchant partners

Features

Free fully-featured cryptocurrency wallets

Free wirex card

Market-leading rates

Spend in over 150 currencies at live exchange rates

Unlimited live exchange rates

Unlimited access to otc (over-the-counter) crypto exchange rates

Payments

Unlimited cryptocurrency external transfers

Withdrawals

No fee atm withdrawals up to €200 per month, then 2% fee

WIREX PROS & CONS

PROS: Wirex offers many benefits for businesses that want to leverage the power of cryptocurrencies and traditional currencies. Some of the main benefits are:

- Save Money: Wirex helps you reduce your payment fees, currency conversion costs, and bank charges by using blockchain technology and smart contracts. You can also earn cashback in wxt on your card transactions and benefit from wirex's loyalty program.

- Access New Markets: Wirex enables you to reach customers and suppliers in over 150 countries without any hassle. You can also accept payments in multiple currencies and cryptocurrencies with ease.

- Streamline Your Payments: Wirex simplifies your payment processes by allowing you to send and receive funds in seconds with just a few clicks. You can also automate your payments with recurring invoices and batch payments.

- Enhance Your Security: Wirex protects your funds with industry-leading security features such as biometric authentication, multi-signature wallets, cold storage, encryption, anti-fraud systems, and insurance.

- Currency Versatility: At present, Wirex supports upto 150 cryptocurrencies and 14 traditional/fiat currencies, giving users a wide range of options to choose from.

- Featured Debit Card: Wirex offers a visa debit card that can be used to make purchases and withdrawals at over 61 million merchants and at ms worldwide. The card automatically converts the user's chosen currency at the point of sale, eliminating the need for multiple cards or accounts.

- Rewards & Offers: Wirex offers up to 8% cryptoback on every purchase made with the card. Users can also earn up to 16% annual saving bonus on their WXT balance, 20% X-Accounts AER (annual interest) by staking it in the wirex app.

- User-Friendly App UI: Wirex has a user-friendly app that allows users to easily manage their funds, track their transactions, access market data, and more. The app also has a built-in exchange that lets users swap between currencies at competitive rates.

- FCA Regulatory: Wirex is regulated by the UK's financial conduct authority (FCA) and follows strict KYC and AML policies. It also uses advanced security measures such as biometric authentication, multi-signature wallets, and cold storage to protect its users' funds and data.

Cons: While using Wirex, you may also have to face some drawbacks like:

- Limited Availability: Except with a global presenece of more than 130 countries, Wirex has limited availability for different feaures (such as wirex account, crypto account, X-accounts, local card topup, cards etc.) in different regions. Users in these regions may face restrictions or delays in accessing some of wirex features or services. Please check the list here.

HOW TO GET STARTED WITH WIREX

Getting started with wirex is easy. All you need to do is:

Sign up for a wirex account on the website or app.
Verify your identity and business details.
Choose the type of account that suits your needs.
Fund your account with fiat or crypto.
Start using wirex for your business payments.

PLATFORM INSIGHTS VIA WIREX MOBILE APP

Fig. 7.1

1. After logging in with your account on Wirex mobile app, you will get home screen. In the top left corner is the settings/preferences button icon & in the top right corner is notifications icon. - {Refer Fig. 7.1 (Home screen scroll)}

Fig. 7.2

2. In the settings/preferences dashboard you will be able to: {Ref. Fig. 7.2}

Add account security/protection [with biometics, PIN, 2FA (two factor authentication etc.]
Edit your profile
Read T&Cs, privacy policy, contact & about details.
Logout account
Delete account

Fig. 7.3

3. To add money/funds to your account, click on "Add an account" in the top of Home screen 'or' 2nd button named "Accounts" present in the Bottom - Home screen bar. You will able to add funds via upto 14 traditional/fiat currencies (i.e. USD/CAD/AUD/EURO/GBP etc.) & more than 150 digtial/crypto currencies (i.e. BTC,ETH,BNB,USDT,WXT,EURT etc.). {Ref. Fig. 7.3}

Fig. 7.4

4. To setup password memorable word & hint, click "Setup Up Memorable Word" also in the top of Home screen. Then click "Set Up" & on the next screen/window you will be able to add password recovery memorable word & relevant hint. - {Ref. Fig. 7.4}

5. Now in the fourth step, you will able to create '&/or' add X-account, Credit Line, Multiply & Duo account etc. with help of "Unlock credit line" option in the top of Home screen 'or' the "Grow" button available in the lower right corner of Home screen:

Fig. 7.5

- To create an X-account click "Unlock credit line" near "Total balance" option, then click "Earn" among the options given. At last, click on "Create New X-Account" button. - {Ref. Fig. 7.5}

Fig. 7.6

- To create/start a "Multiply" click "Unlock credit line" near "Total balance" option, then click "Multiply" among the top options. At last, click "Start First Multiply" button. - {Ref. Fig. 7.6}

Fig. 7.7

- To start a Duo click "Unlock credit line" near "Total balance" option, then click "Duo" among the options given. In next window select your pair & click on it to start creating a "Duo" pair. - {Ref. Fig. 7.7}

Fig. 7.8

- You can also get funds as credit on behalf of crypto balance held in your Wirex account. To do the same, click "Unlock credit line" near "Total balance" option, then click "Borrow" among the options given. Click on "Borrow" button in the next window opened. - {Ref. Fig. 7.8}

Fig. 7.9

6. With the help of "Buy", "Cash In", "Receive", "Send" & "Exchange" buttons in the 2nd top box of Home screen, you will be able to do the same against your crypto & fiat currency balance. - {Ref. Fig. 7.9}

Fig. 7.9(a)

7. To check any market movement, pricing etc., click on "Markets" button in the bottom bar, that can assist you in taking buy, exchange 'or' spend trades in crypto & fiat's appropriately. - {Ref. Fig. 7.9(a)}

CONCLUSION

Wirex is a versatile and convenient platform that offers a range of services for crypto and fiat enthusiasts. It also offers a unique combination of cryptocurrencies and traditional currencies for businesses. It offers attractive features such as the wirex card, cashback rewards, interest earnings, and low-cost exchange. Whether you are a small or large enterprise, Wirex can help you save money, access new markets, streamline your payments, and enhance your security.