Earning up to 16% yearly interest in an account, spending your crypto on a card with up to 2% cashback, and opening a free account in seconds from the app, are just some of the many other benefits that Wirex provides to its users.
Therefore, this article is for you if you want to take full advantage of Wirex’s features and manage your crypto and fiat money most securely. We’ll start by exploring the Wirex X-account.
The Wirex “X-Account” Is Traditional Banks’s Dream.
Nowadays, we have less and less time to make payments and transfers. However, we need them to be 100% secure and easy to use 24/7, no matter where we are. Therefore, Wirex has developed super-fast, safe, and blockchain-powered transfers via a cutting-edge app that anyone can configure in a couple of clicks. Let’s take a look at an introduction video:
Therefore, the best way to start in Wirex is with the X-Account that has these main features:
- Order a free Wirex card.
- Earn X-tras rewards when you spend your money.
- Transfers between you and your contacts are fast and straightforward.
- Unlimited access to a large variety of leading cryptos and fiat currencies.
- All incoming and outgoing messages receive real-time alerts.
- Low exchange fees by combining the best from blockchain and other technologies.
- Earn up to 16% yearly interest by holding selected currencies. Interest is paid weekly.
- Withdraw at any time from your X-Account with 0% fees.
Moreover, you can make a simulation to have an accurate idea of potential earnings. Now let’s see how the Wirex X-Account works.
How Does the Wirex X-Account Works?
With the Wirex X-Account, you can earn up to 16% on your account balance. Follow these simple three steps to create it and start earning interest today:
- Create an X-Account: Visit the website and download the app. Then, on your app dashboard, go to the ‘X-Account’ page and follow the steps. Individual X-Accounts may have their names customized, making it even easier to keep track of your profits.
- Add Funds: Use a connected credit or debit card to fund your Wirex account.
- Earn interests: Earnings are computed daily and distributed weekly, with no fees or costs associated with withdrawals at any time. X-Accounts also pay compound interest, which means you get paid interest on your interest.
Also, you need to know that exchanging your crypto and FIAT currencies inside the Wirex X-Account can make you save up to 4% compared to competitors. Now, we’ll explore in detail about the Wirex card.
X-Accounts are now available for an additional 81 countries 🌎
Start earning market-leading interest on your #cryptocurrency with no "lock ups" and no fees to withdraw funds! In fact, there are no fees at all.
— Wirex (@wirexapp) October 21, 2021
The Wirex Card is the Perfect Ally to Spend your Cryptos Worldwide
Crypto adopters have always dreamed of having a debit card to spend instant fiat conversion with no fees worldwide. That’s why Wirex has developed its card, adding up to 2% cashback in crypto on all purchases and with 0% fiat currency exchange fees.
In other words, you will be able to spend any of the 47 cryptos that Wirex supports nowadays with a MasterCard or Visa debit card with no monthly charge at over 54 million vendors worldwide with up to 2% cashback and no minimum deposit. These cryptos include BTC, ETH, LTC, XRP, XLM, DAI, LINK, AAVE, UNI, COMP, SUSHI, ADA, SOL, DOT, MATIC. Also, you can manage different FIAT currencies like EUR, GBP, CAD, USD, among others.
On the other hand, if you travel, you can use the Wirex Card worldwide, which automatically converts your crypto to local currency, making you save up to 3% on international transactions with 0% withdrawal fees on up to €400 monthly on ATM withdrawals. But all this would not be possible without Wirex’s high-security standards.
Cutting Edge Security and Fraud Prevention
Security is Wirex’s primary goal, and your money is backed by leading Fireblocks firms, a sophisticated device authorization, and the most resilient anti-fraud technology, which covers up to USD 30 million in cases of losses.
Also, Wirex has applied cutting-edge technologies such as facial recognition, biometrics, anti-fraud analytic tools, and real-time procedures to their products.
On the other hand, Wirex has also developed cold-storage multi-signature (multi-sig) vaults to protect your cryptos, keeping your data protected with TLS and 256-bit AES encryption.
🔒 Security is one of the core attributes of #blockchain tech. It protects information from unauthorised parties using 2 different measures: #encryption and #hashing. Both play equally important roles.
But what do they actually mean and how do they differ?https://t.co/4nRIoaS70n
— Wirex (@wirexapp) October 24, 2021
WXT is Wirex’s native token which allows users unlock exclusive crypto rewards and access to innovative DeFi tools. Also, WXT powers Wirex’s reward program called “X-tras.” Therefore, the reward program has the following features:
- Up to 2% on cashback in WXT on both, offline and online purchases.
- Up to 12% on rewards depending on the balance of your WXT account.
- Airport lounge access.
- Discounts in shops, among others.
Did you know that Wirex will migrate 60% of the total WXT supply to the Ethereum blockchain? The goal is to boost efficiency and flexibility to make DeFi tools get closer to their users. You can buy the WXT token in Gate.io, Huobi Global, OKEx, and KuCoin or on the Wirex app.
We’re taking our dedication to #DeFi to the next level and will be moving further 60% of $WXT (6bn) to be available on the most popular and powerful blockchain for decentralised applications – @ethereum 🚀
— Wirex (@wirexapp) November 1, 2021
5 Ways How To Profit with Wirex
Apart from the X-tras program described above, there are four more rewards programs. Let’s take a deeper look at them:
- Cryptoback Rewards: CryptobackTM rewards is the world’s first cryptocurrency-based incentive program, where you will earn up to 2% back in WXT every time you use your Wirex card in-store or online. Also, WXT rewards are paid instantly into a special in-app rewards account.
- Referral Rewards: Wirex gives you up to USD 10 in WXT for every friend or family member you get to join. To do this, you need to click on “X-tras” in the Wirex app and click on “Invite Friends.” Then, you’ll find a referral link. As a result, Wirex gives you and your referral USD 5 in WXT once the referral buys USD 100 in crypto through Wirex. Finally, you will get another USD 5 in WXT when your referral uses the Wirex Card for the first time.
- Saving Reward: If you subscribe to the Premium and Elite Wirex Plan, you earn 4% and 12% respectively yearly on your WXT account balance each year. First, you need to open a WXT account and put tokens in it.
- Exclusive Mastercard Rewards: Wirex-Mastercard partnership doesn’t only allow users to spend their money around the world. You can also take advantage of exclusive offers and discounts using your Wirex Card. To use them, you need to find the offer on the website, visit the merchant and enter the offer code when paying with your Wirex Card.
Wirex Pricing Plans
Looking for a perfect plan to fit your lifestyle? Just pick one of these 3 options that Wirex has to offer:
- Price: Free
- 0.5% Cryptoback (in-store)
- Merchant offers
- Free fully-featured cryptocurrency wallets
- Free Wirex card
- Spend in over 150 currencies at live exchange rates
- NO FEE ATM withdrawals up to €400 per month, then 2% fee, among others.
- Price: € 9.99/month
- 4% annual Savings Bonus on WXT balance
- 1% Cryptoback™ (in-store and online)
- Merchant offers
- Annual, 90-day break clause, among others.
- Price: € 29.99/month
- 12% annual Savings Bonus on WXT balance.
- 2% Cryptoback™ (in-store and online)
- Curated elite offers from merchant partners, among others.
You can get more information about pricing plans and start participating today.
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Finally, for more cryptocurrency news, check out the Altcoin Buzz YouTube channel.