Wirex Review: Crypto App, Debit Card & Fees

Several companies that offer physical debit cards linked to a mobile app to send cryptocurrencies around the world. But not all Bitcoin debit cards allow multi-currencies such as digital assets and fiat currencies to be stored.

Wirex is a well-established company that launched the world's first crypto-enabled VISA card and crypto-friendly Mastercard to allow individuals all over the world to transfer and spend crypto and fiat currencies using a single app and card.

While we aim to provide the latest information in this Wirex review, visit the website for updates to its products and features, deposit methods, limits and fees. 

Key  Features:

  • An innovative mobile app, crypto exchange and debit card
  • Send, receive, exchange and spend 16 fiat currencies and 10 digital assets using a single card
  • No foreign exchange fees
  • Variety of deposit options to add-funds
  • Earn up to 2% crypto cashback on instore and online purchases
  • 3.5-star rating based on 7,229 customer reviews
  • Free and Paid plans available



Ease of use

User interface



This post contains affiliate links with our partners who may compensate us. Read our disclaimer for further information.

Before diving into this review, it is recommended to use a hardware wallet such as the Ledger Nano X when holding crypto as an investment. The ownership of crypto remains in the investor's possession and control, not the exchange. Read our guide on the best Bitcoin hardware wallets for more information. 


What Is Wirex?

Wirex is a well-established mobile application and crypto debit card that allows users located all over the world to easily and seamlessly send, receive, trade and spend digital assets. The company was the first to launch a VISA-backed crypto card and is now partnered with Mastercard to offer a multi-currency card. 

The Wirex Card is one of the few debit cards in the world that can be used to spend cryptocurrencies (e.g. Bitcoin, Ethereum) and traditional fiat currency (e.g. USD, GBP, EUR) interchangeably for everyday living expenses. 

Quick Overview

Product Name


Fiat Currency




Deposit Options

Credit card, debit card, bank transfer

Card Maintenance Fee


Card Payment Fee


Card Top-Up Fee

Crypto: 1%, Bank transfer: None

Minimum Transaction Amount


ATM Withdrawal Fee

2% fee > 400 GBP/EUR per month

Mobile App


Who Owns Wirex?

Wirex was founded in 2014 by Pavel Mateev and Dmitry Lazarichev who have over 15 years of experience in financial services with past employment with Morgan Stanley, Barclays, Credit Suisse and Solid Bank. The pair aim to make digital money more accessible to everyday persons and developed a mobile payment system that offers fast and secure transactions using digital and traditional currencies.

wirex team

Features & Benefits

Designed For Everyone

Wirex's products and services have been developed with a simple, yet beginner-friendly design on its website and Wirex App. Users can effortlessly manage, monitor and track their finances and spending using a highly-intuitive user-interface that is fully customizable with in-app alerts and notifications. 

wirex card features

Spend Crypto Worldwide

Wirex App and crypto-backed debit card is the perfect companion for individuals that love to travel. With support for 16 fiat currencies and 10 digital assets such as Bitcoin and Ethereum, cardholders have the flexibility to choose a preferred currency to pay for shopping or withdraw cash from thousands of ATMs located worldwide.

wirex debit card

Supported Currencies

The multicurrency Wirex Card is one of the few debit cards on the market that allows individuals to spend traditional fiat currencies and digital assets. Cardholders can transfer popular cryptocurrencies to spend such as BTC, LTC, XRP, ETH, WAVES, DAI, NANO and XLM. The card does not accept stablecoins and should be considered.

There are 9 supported fiat currencies which include the USD, EUR, GBP, CZK, HUF, PLN, RON and HRK. Each currency loaded to the card is automatically converted in real-time with zero-exchange fees to the local currency used at the point-of-sale machine where the purchase was made. 

No Exchange Fees

The Wirex multi-currency debit card can store both cryptocurrencies and traditional money such as the USD, GBP and EUR. Cardholders that that pay for goods and services internationally at any VISA and Mastercard merchant using the card will automatically convert the balance on the card to the countries local currency. This means zero foreign conversion costs, bank charges when spending abroad.

Earn Cashback Rewards

Spending hard-earned cryptocurrencies such as Bitcoin can be a difficult decision given the appreciating nature of the asset class in recent years. Using crypto to pay for goods and services is one way to cash out of Bitcoin instead of converting to fiat currency using a trading platform. The Wirex card incentivizes its users to transfer crypto to its debit card to spend and earn a cashback bonus of up to 2%, paid in crypto which is debited to the wallet immediately. Cashback apps and cards are an excellent way to earn crypto for free.

wirex cashback

Is Wirex Legit?

Wirex is a legitimate business which a current valuation of £125m and on-track to exceed over $2B in gross revenue in 2021. The company operates in over 130 countries worldwide and is regulated in several jurisdictions including the UK, USA, Canada, Europe, Japan and Singapore. The Wirex app has been downloaded over 1 million times and its crypto-based products have served over 1.3 million users and have seen explosive growth in Europe and Asia in recent years.

Is Wirex Regulated? 

Wirex is an authorized platform that is licensed by the Financial Conduct Authority (FCA) and adheres to the strict policies and rules set out by the FCA for the protection of its client's money. Similarly, Wirex is mandated under the Financial Crimes Enforcement Network (FinCEN) to operate in the US and the Financial Transactions and Reports Analysis Centre of Canada ("FINTRAC") to ensure a transparent, safe and secure environment is provided for its users worldwide.

Getting Started

Users who are over the age of 18 years old can open an account with Wirex using the website or mobile app on iOS or Android supported devices. New customers must complete a Know Your Customer (KYC) process as per the countries laws and regulations and will be prompted to provide a valid email address, mobile phone number, personal details, Government or state-issued ID, driver’s license, passport or passport card. 

The verification process can be undertaken using the website or mobile app and takes less than 24 hours for approval.

Deposits & Limits

Once a Wirex account has been created and verified, users can fund their wallet with a credit card, debit card or cryptocurrency transfer. The fastest and easiest way to top-up an account with a supported fiat currency is to link a local bank card with 3D Secure. Alternatively, an external bank account can be linked to the wallet to deposit funds. The Wirex user will need to input the SWIFT/BIC number, IBAN and bank address details.

There are a few important bank card limits to be aware of when depositing funds to the Wirex App.


Amount (USD)

Minimum transaction amount


Maximum transaction amount 


Maximum daily limit


Maximum number of transactions per 24 hours


For cryptocurrency deposits, up to 10 coins can be transferred to fund a Wirex wallet. For example, to add Bitcoin to a Wirex account, the user will need to transmit crypto using the QR code or send funds to the unique deposit address. The transfer speed depends on the coin and network congestion at the time of the transaction request.

wirex deposit funds

For Bitcoin, it can take up to 30 minutes for BTC to arrive in the Wirex wallet. Users can also fund a wallet internally within the app by converting another digital asset using the Wirex Exchange.

Using The Exchange

The Wirex digital platform provides access to Over-The-Counter (OTC) and interbank rates for crypto and traditional currency exchanges. Users can swap fiat-to-fiat, crypto-to-crypto, fiat-to-crypto and back to fiat currency using the Wirex Exchange feature. The OTC desk allows the platform to obtain the best market rates for crypto conversions outside of centralized cryptocurrency trading platforms such as CoinbaseKraken and Binance. 

wirex exchange crypto

Similarly, users that convert fiat currency to another (e.g. USD to EUR) using the Wirex App can obtain a better overall conversion price using an interbank rate. These rates are used by large banks and financial institutions for large-scale foreign exchange transactions and can have tighter spreads compared to smaller retail FX exchange companies. 

Earn Cashback Rewards

Wirex debit card offers up to 2% cashback on purchases that are made in-store or online at any location where VISA and Mastercard are accepted, starting at a flat 0.5%. The cashback bonus amount can be increased by holding Wirex's native token, WXT. For example, an individual with 100,000 WXT tokens in their wallet can earn a 1% cashback on all purchases using the Wirex Card.


WXT Tokens


500,000 WXT


100,000 WXT


50,000 WXT



Cardholders that spend cryptocurrency held on the card will be rewarded with a bonus that is paid in the platform's native token WXT, not the cryptocurrency that was used to make the purchase. This may not be ideal for users that want to earn the cashback on the digital asset stored on the card and will need to transfer the tokens to a cryptocurrency trading platform to sell back to Bitcoin, Ethereum or another asset.

Plans & Pricing

Wirex offers 3 plans to allow everyone to benefit from the innovative payment app and multicurrency Wirex debit card: 

  • Standard plan (Free)
  • Premium Plan (Paid)
  • Elite Plan (Paid)

The free plan allows everyone access to the full suite features such as the multicurrency account, crypto wallet, fiat-to-fiat exchange and the Wirex debit card that can be loaded with fiat currency or crypto. The Premium and Elite plans include the same features as the Free Plan with additional benefits. The paid subscriptions can be paid on a monthly or yearly basis in WXT tokens.  

wirex plans

The Wirex paid plans include the same features as the free plan, however come with a few additional perks and extras which may suit certain individuals that travel frequently or high volume spenders. The benefits include:

  • Up to 12% annual savings bonuses on WXT balances
  • Up to 2% crypto cashback rewards on purchases
  • Access to special offers from merchants

The cost of the Premium plan is 1,000 WXT per month and Elite is 3,000 WXT per month. At the time of writing is the equivalent of USD 0.01, which equates to $10 and $30 respectively for the upgrade plans.


There are several fees associated using Wirex's products and services which include crypto top-ups, ATM withdrawals and balance queries. To view the full list of Wirex fees and limits, visit the website.

Wirex App Fees

Fee Description


Sending and receiving money via SEPA


Sending money in EUR via SEPA


Wirex Card Fees

Wirex is one of a few digital asset payment companies that offer the issuing of a crypto debit card for free. There is a card account maintenance fee of €1.20 per month to maintain the card. Notable fees associated with the Wirex card are the debit card payment fee of 3% of the total transaction below using the Euro, or €2.25 per transaction with other supported currencies.

Fee Description


Issuing of card


Card account maintenance


Debit card payment in EUR

3% of the transaction value

Debit card payment in other currency

€2.25 per transaction

Cash withdrawal in Europe (EUR)

€2.25 plus 3% of the withdrawal value

Cash withdrawal in foreign currency outside Europe

€0.06 per withdrawal

ATM balance query

€0.23 per request

Deposit & Top-Up Fees

Existing cardholders can deposit funds to top up their wallet balances. The cheapest way to add funds to a Wirex account is using a bank transfer which does not charge a fee to deposit fiat currency.

To deposit cryptocurrencies to Wirex such as Bitcoin, Ethereum and XRP, there is a 1% fee on the total amount. The fee is quite a lot when compared to a crypto exchange such as Binance which offers trading fees of 0.1% per transaction and the standard blockchain network fee of 0.0005 BTC for withdrawals. 

Fee Description


Crypto top-up by external card


Bank transfers


Withdrawal Fees

Wirex users in the UK can withdrawal fiat currency from a wallet using a bank transfer via SEPA or Faster Payments which incur no charges. However, for international fiat withdrawals using the SWIFT network, Wirex applies a small fee of USD $15. 

For ATM withdrawals using the Wirex multi-currency VISA and Mastercard, there is a fee of 2% once the limit of 400 GBP or EUR is exceeded per month. Compared to other Bitcoin debit cards such as the Binance Card (up to 0.9%), Coinbase Card (2.49%) and the Crypto.com VISA Card (2%), the Wirex ATM withdrawal fee is competitive. 

Fee Description




Faster Payments



€13 EUR

£12 GBP
$15 USD (for CAD, CZK, HUF, PLN, RON, HRK)

ATM Withdrawal

€2.25 plus 3% of the transaction value

Frequently Asked Questions?

Is Wirex Free?

Wirex offers a free plan which includes the full suite of services and features to customers such as the payment app and multi-currency debit card. There are paid plans that vary between USD $10-30 which include additional benefits and perks for its users such as higher cashback rewards and access to premium offers and discounts from merchants.

Which Countries Does Wirex Support?

Wirex is rapidly expanding its offering of fiat and crypto services to multiple jurisdictions worldwide and is currently supported in over 130 countries, including Australia, Hong Kong, Singapore and the United Kingdom. The company undergoes all local regulatory compliance procedures in each country before the Wirex account, crypto account or multi-currency card is launched. For a full list of supported countries, visit the website.

What Is The WXT Token? 

The Wirex Token (WXT) is the native cryptocurrency token of the Wirex digital payment platform. The token is a utility coin that is based on the Stellar blockchain network and subject to price fluctuations on cryptocurrency trading platforms. WXT tokens can be bought and sold on the Wirex Exchange using fiat or digital currencies. Holders of WXT tokens are eligible for increased crypto-cashbacks when using the debit card for online purchases.

Can You Earn Interest On Crypto Using The Wirex App?

Wirex does not provide the feature to allow its customers to earn interest on cryptocurrencies. Digital currencies that are deposited to the app or card can be converted to fiat or other cryptos, but do not earn any interest within the wallet. Users will need to use a platform such as Crypto.com or Binance, which offers savings accounts to earn interest which can be transferred to a debit card to spend.


To conclude our review on Wirex, the payment app and debit card has become a leader in global payments using digital assets such as Bitcoin and the traditional fiat currency monetary system. For avid travelers and cryptocurrency investors, Wirex offers a range of products and services that make it easier to seamlessly send, receive and pay for goods and services in multiple countries across the globe.

When using a payment app or debit card such as Wirex, it is important to check all the fine print on the fees and limits. While we aim to provide accurate and the latest information in this post, readers should always check the website and do not rely on the information herein.

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Ease of use




Trading fees




Customer support



  • Company is regulated in several countries
  • Send, receive, exchange and spend crypto
  • Supports 16 fiat currencies and 10 digital assets
  • Generous cashback rewards up to 2%
  • Highly-intuitive mobile app to manage wallets


  • 1% cost for crypto top-ups
  • Crypto cash back paid in WXT tokens
  • Small limit on ATM withdrawals
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Kevin Groves
Kevin is the founder of hedgewithcrypto and is passionate about blockchain technology. He has been involved with Bitcoin since 2016 and is a swing trader with over 10 years of experience. He loves trading crypto using various platforms and helping others learn about cryptocurrencies via hedgewithcrypto.