{"id":624290,"date":"2023-05-11T12:41:00","date_gmt":"2023-05-11T12:41:00","guid":{"rendered":"https:\/\/info.cashtocode.com\/?post_type=product&p=624290"},"modified":"2025-07-04T13:06:30","modified_gmt":"2025-07-04T13:06:30","slug":"wirex-card","status":"publish","type":"product","link":"https:\/\/info.cashtocode.com\/en-ca\/reviews\/wirex-card\/","title":{"rendered":"Wirex card review"},"content":{"rendered":"\n
7.4<\/span>Expert Score<\/span><\/div>
Editor's comment<\/div>The Wirex card is a cutting-edge debit card that allows you to conveniently spend crypto or stablecoins anywhere where VISA is accepted. The percentage of rewards you earn depends both on your tiered card level and the amount of WXT holdings in your Wirex account. The advantage is that you get a high annual savings bonus if you\u2019re in the Premium or Elite tiers and you can even earn X-Points for referring the card to friends or family. There\u2019s no maximum balance limit and Wirex automatically converts your crypto or stablecoins into FIAT to withdraw at ATMs. Despite the card\u2019s plentiful features, there\u2019s a monthly $1.50 maintenance fee which is uncommon for most cards on the market, a relatively low daily ATM withdrawal limit and crypto rewards are only available in WXT.<\/div><\/div><\/div>
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Fees<\/span><\/div>\r\n\t\t\t\t\t\t\t\t
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8.1<\/div>\r\n\t\t\t\t\t\t\t<\/div>
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Limits<\/span><\/div>\r\n\t\t\t\t\t\t\t\t
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5.2<\/div>\r\n\t\t\t\t\t\t\t<\/div>
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Rewards<\/span><\/div>\r\n\t\t\t\t\t\t\t\t
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7.3<\/div>\r\n\t\t\t\t\t\t\t<\/div>
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Security<\/span><\/div>\r\n\t\t\t\t\t\t\t\t
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8.3<\/div>\r\n\t\t\t\t\t\t\t<\/div>
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Support<\/span><\/div>\r\n\t\t\t\t\t\t\t\t
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8.3<\/div>\r\n\t\t\t\t\t\t\t<\/div><\/div>
PROS<\/div>
  • Earn up to 8% rewards in WXT on every purchase\r<\/li>
  • Company\u2019s FCA e-money license \r<\/li>
  • No maximum balance limit\r<\/li>
  • No annual, transaction or issuance fees \r<\/li>
  • Four working days to receive your card\r<\/li>
  • Easily convert crypto or stablecoins into FIAT for spending or at ATMs<\/li><\/ul><\/div><\/div>
    CONS<\/div>
    • Monthly $1.50 card maintenance fee\r<\/li>
    • Crypto rewards are only available in WXT\r<\/li>
    • Relatively low daily ATM withdrawal limit<\/li><\/ul><\/div><\/div><\/div><\/div>\n\n\n\n

      Fees<\/h2>\n\n\n\n

      The Wirex card doesn\u2019t charge transaction fees but you need to pay a monthly $1.50 card maintenance fee<\/strong> and a 2% fee on ATM withdrawals that exceed $200. The card has zero annual or issuance fees and there\u2019s also no reissuance fee if you lose your card. <\/p>\n\n\n\n

      Type of fee<\/th>Amount<\/th><\/tr><\/thead>
      Annual<\/td>No fee<\/td><\/tr>
      Topup<\/td>No fee<\/td><\/tr>
      Transaction<\/td>No fee<\/td><\/tr>
      ATM withdrawal<\/td>Free up to $200 and thereafter a 2% fee <\/td><\/tr>
      Currency exchange (non CAD)<\/td>No fee<\/td><\/tr>
      Account closure<\/td>No fee<\/td><\/tr>
      Reissue card<\/td>No fee<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      In contrast, the BitPay VISA card has no annual or maintenance fees but you need to pay a high 3% conversion fee<\/strong> when you make purchases and a flat $2.50 fee for all ATM withdrawals. There\u2019s a $10 charge for both card issuance and reissuance, while an inactivity fee of $5 per month applies if you don\u2019t use the card to make transactions for over 90 days. <\/p>\n\n\n\n

      Limits<\/h2>\n\n\n\n

      The Wirex card has a relatively low daily ATM withdrawal limit <\/strong>of $700 and $2,700 for the month and you can cash out your funds up to four times a day. Wirex hasn\u2019t disclosed its load frequency limits but you can spend up to $5,500 a day or $13,000 a month and unlike most other cards on the market, there\u2019s no maximum balance limit. <\/p>\n\n\n\n

      Type of limit<\/th>Amount<\/th><\/tr><\/thead>
      Free ATM withdrawal<\/td>Up to $200 <\/td><\/tr>
      ATM withdrawal limit<\/td>$700 a day and $2,700 a month<\/td><\/tr>
      ATM withdrawal frequency<\/td>Four times a day<\/td><\/tr>
      Max balance<\/td>No limit<\/td><\/tr>
      POS purchase <\/td>$5,500 a day and $13,000 a month<\/td><\/tr>
      Load frequency<\/td>Undisclosed<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      With the BitPay card, the daily ATM withdrawal limit is $6,000 <\/strong>and you can cash out your funds up to three times a day. You\u2019re allowed a maximum balance of $25,000 and the Terms and Conditions mandate that you can load up to $10,000 a day onto the card.<\/strong> There\u2019s also a high maximum purchase limit of $10,000 a day.<\/p>\n\n\n\n

      Merchant and POS network<\/h2>\n\n\n\n

      The Wirex card uses the VISA network which is available in Canada and at 46 million merchants worldwide. For instance, you can use the card at leading Canadian stores <\/strong>like Sobeys, Loblaws or Tim Hortons. <\/p>\n\n\n\n

      Rewards<\/h2>\n\n\n\n

      The Wirex card offers up to 8% rewards on spending, which enables you to integrate crypto into your daily purchases and save money on transactions but you can only earn a percentage back in WXT.<\/strong> For example, if you\u2019re in the Standard tier staking 150,000 worth of WXT, you\u2019re eligible for 0.5% rewards on your spending. This percentage increases to 8% if you\u2019re in the Elite tier staking 1,500,000 worth of WXT. There\u2019s also a monthly maximum limit on the amount of WXT rewards you can earn which is based on your card tier.<\/p>\n\n\n\n

      Wirex is one of the only crypto companies to offer a card savings bonus, which is the annual interest on your WXT balance that\u2019s paid to you monthly. Premium card users can get a 4% annual savings bonus, while Elite card users can get a 12% bonus. To be eligible, you must hold and stake WXT in your Wirex account for a minimum of 180 days. In addition, if you share a referral link with your friends and family, you can receive $15 in WXT<\/strong> for each person who deposits at least $100 into a Wirex account. <\/p>\n\n\n\n

      Card tier <\/th>WXT staking requirement <\/th>Rewards on purchases<\/th><\/tr><\/thead>
      Standard<\/td>150,000<\/td>0.5% <\/td><\/tr>
      Premium<\/td>250,000<\/td>3%<\/td><\/tr>
      Elite<\/td>1,500,000<\/td>8%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
      Card tier <\/th>Monthly maximum WXT rewards limit<\/th><\/tr><\/thead>
      Standard<\/td>10,000<\/td><\/tr>
      Premium<\/td>50,000<\/td><\/tr>
      Elite<\/td>150,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
      Card tier <\/th>Annual savings bonus<\/th><\/tr><\/thead>
      Standard<\/td>Not eligible<\/td><\/tr>
      Premium<\/td>4%<\/td><\/tr>
      Elite<\/td>12%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      Staking<\/h2>\n\n\n\n

      Card users can\u2019t stake their cryptos and earn rewards as this isn\u2019t available at Wirex. <\/p>\n\n\n\n

      Is Wirex card safe?<\/h2>\n\n\n\n

      Wirex has been in operation since 2016, amassing over four million users across the world and has developed a good standing with community members due to the industry-standard security measures it has in place<\/strong>. For example, accounts are secured with state-of-the-art facial verification and biometric technology, as well as 256-bit AES data encryption, while the majority of assets deposited onto the platform are held in cold storage multi-signature vaults. The company complies with Anti-Money Laundering (AML) guidelines, is a licensed e-money issuer with the UK\u2019s Financial Conduct Authority (FCA) and is regulated by the Croatian Financial Services Supervisory Agency.<\/p>\n\n\n\n

      Trustpilot<\/td>3.3 star<\/td><\/tr>
      Investopedia<\/td>3.1 star<\/td><\/tr>
      Forbes<\/td>Unrated<\/td><\/tr>
      Nerdwallet<\/td>Unrated<\/td><\/tr>
      Business Insider<\/td>Unrated<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      A relatively high percentage of users (52%) rate Wirex with five stars<\/strong> on Trustpilot, which is a good indicator of safety. The most common issues raised are related to customer service, accounts and deposits but the company hasn\u2019t been linked with any known scandals. In fact, when Wirex became officially licensed as an e-money issuer with the FCA in 2018, it was only the third company in the world to do so at the time. Many people praise them for a great mobile app and the WXT rewards program which comes with an annual savings bonus. <\/p>\n\n\n\n

      How to get a Wirex card?<\/h2>\n\n\n\n

      Registration<\/h3>\n\n\n\n

      You need to sign up for a Wirex account in order to apply for the card and this can be done by:<\/p>\n\n\n\n

        \n
      1. Visiting the website and inputting your email address and country of residence so you can start the process. <\/li>\n\n\n\n
      2. After verifying your email address, you need to enter your full name, address and date of birth. <\/li>\n\n\n\n
      3. You then have to enter your phone number to receive an SMS verification text message.<\/li>\n\n\n\n
      4. After verifying your phone number, you have to complete KYC verification.<\/li>\n\n\n\n
      5. Upon successful registration and passing verification, visit the dashboard and click on the \u2018Order card\u2019 option. <\/li>\n\n\n\n
      6. You are then redirected to a new page where you have to click \u2018Get the card\u2019.<\/li>\n\n\n\n
      7. You then need to confirm the name you want to appear on the card and your delivery address in order to receive the card.<\/li>\n<\/ol>\n\n\n\n

        KYC<\/h3>\n\n\n\n

        Multi-step KYC verification is mandatory for all Wirex card users in Canada. The company asks you for proof of identity, which can be a drivers license, government-issued ID or passport, as well as proof of address, which can be a utility bill, letter from your local municipality, house rental agreement, tax letter, credit card statement or bank account statement. You must provide a clear and visible picture of the front and back side of your documents and you <\/strong>need to submit a selfie. <\/strong><\/p>\n\n\n\n

        Delivery<\/h3>\n\n\n\n

        You can receive your physical card in up to four working days <\/strong>but it\u2019s not possible to get a virtual card for online use. <\/p>\n\n\n\n

        Loading or topup Wirex card<\/h2>\n\n\n\n

        The card is funded by the cash or crypto balance in your Wirex account <\/strong>and the accepted payment methods to fund your Wirex account include debit and credit card, wire transfer, bank transfer, Google Pay or Apple Pay.<\/p>\n\n\n\n

        CashtoCode eVoucher<\/h2>\n\n\n\n

        You can\u2019t fund your card with a CashtoCode eVoucher as this isn\u2019t offered at Wirex.<\/p>\n\n\n\n

        Customer Support<\/h2>\n\n\n\n

        Customer service options are limited at Wirex with only an online Help Center that displays FAQs and no phone support, email address or live chat function.<\/p>\n\n\n\n

        Live chat<\/td>No live chat function<\/td><\/tr>
        Phone support<\/td>No customer phone line available<\/td><\/tr>
        Email<\/td>No customer service email available<\/td><\/tr>
        FAQs<\/td>Available<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

        Wirex uses a ticketing system<\/strong> where you need to fill in an online form that includes a subject, description and additional attachment option. For users who are dealing with emergency account issues, there\u2019s no way to speak with customer service on the phone or through live chat. <\/p>\n\n\n\n