Issued by Wirex Limited — Authorised Electronic Money Institution (EMI) regulated by UK Financial Conduct Authority (FCA)
Wirex CardReview
Custodial Visa debit card with tiered subscriptions and real-time conversion for 40+ cryptocurrencies.
The verdict
Best for: Users wanting high cashback (up to 8%) and multi-currency accounts (40+ crypto).
Skip if: You want to avoid monthly fees or large WXT token staking requirements.
- Get up to 8% cashback, but requires a €29.99/month Elite plan.
- Supports 40+ crypto assets, but platform is fully custodial, not self-custodial.
How it works
- The card is integrated with the Wirex app for managing accounts and tracking transactions. It supports over 40 cryptocurrencies and 12 fiat currencies, with real-time conversion at the point of sale. Since May 2024, a partnership with OpenPayd provides named virtual IBANs (GBP/EUR) and access to SEPA Instant and Faster Payments in the UK/EEA. Other features include interest-bearing X-Accounts, Wirex Credit for borrowing stablecoins against BTC/ETH, and the availability of virtual cards for online shopping.
Funding: Crypto deposit · Fiat bank transfer · Linked payment methods
Rewards calculator
- $0–∞ @ 0.50% → $10 on $2,000
Fees
| Banking | SEPA: true · IBAN: true · Virtual accounts: true · Since May 2024, Wirex has partnered with OpenPayd to provide named virtual IBANs in GBP and EUR for customers in 30+ UK and EEA countries. Supports SEPA Instant transfers for EUR accounts and Faster Payments for GBP accounts. Free multicurrency individual IBANs and free SEPA transfers. |
Borrowing terms
Interest: 0% interest on certain LTVs
Wirex Credit - Borrow stablecoins against BTC/ETH collateral with 0% interest advertised on certain loan-to-value ratios
Custody & risk
- If the issuer disappearsFunds may be inaccessible if Wirex ceases operations or freezes the user's account.
- Counterparty riskCustodial platform - funds inaccessible if Wirex ceases operations
- Market riskRewards paid in volatile WXT tokens which may fluctuate in value
Wirex is a custodial platform where the company holds all crypto and fiat funds on behalf of its users. Users do not control their private keys and access funds solely through the Wirex app.
Protections
- Two-step verification
- Instant card freeze capability
- Real-time transaction monitoring and alerts
- Comprehensive security measures
Limits
The good
- Up to 8% Cryptoback™ rewards on all purchases.
- Supports 40+ cryptocurrencies and 12+ fiat currencies.
- Earn up to 16% interest with X-Accounts.
- Instant crypto-to-fiat conversion at point of sale.
- Accepted globally on the Visa-network.
The catches
- Best rewards require €9.99 or €29.99 monthly fee.
- Maximum rewards require staking up to 7.5M WXT tokens.
- Complex rewards with 3 tiers and WXT staking levels.
Limitations
- majorHighest rewards require significant WXT token staking (up to 7,500,000 WXT for Elite Ultimate)
- moderateBest rewards locked behind substantial monthly fees
- moderateReported difficulties with identity verification process, particularly with driver's license photo capture
- moderateNot available in all countries or US states (New York and Hawaii have restrictions)
- moderateFX spreads and top-up fees still exist despite 'no FX fee' marketing
- minorComplex tier structure may be confusing for new users
What users say
Mixed reviews - positive feedback on seamless crypto/fiat integration and rewards, common complaints about verification issues and complex tier structure
Rating breakdown
See our methodology for how we score each axis.