Wirex Bitcoin Debit Card Review: Why Should You Get One?

in News/Use Bitcoin by

Have you ever heard of Wirex? Wirex has been making a name in crypto trading. Many traders are very much surprised on the card’s functionality. It is an all-in-one card that you can use for any type of transaction. If you haven’t had your Wirex Bitcoin Debit Card, my review about the Wirex  Bitcoin Debit Card just might convince you to get one.

What is Wirex?

Wirex is one of the most popular bitcoin debit cards. Many cryptocurrency traders often use Wirex in their trading and other personal transactions. The card was created and conceptualized by E-Coin. This debit card has been in circulation since 2014.  The card comes in a virtual and physical card. The virtual card is under Visa and is a perfect card for online transactions. On the other hand, the physical card is under MasterCard. The MasterCard comes with an EMV feature and PIN code for any transactions in physical stores. Both debit cards are accepted for any Visa and Mastercard transactions.

What benefits can you get from Wirex?

One of the good things about the card is that it can be delivered to more than 130 countries. Apart from that, it also has a mobile app that allows you to check and transfer funds. The mobile app also allows users to exchange fiat money to a digital token or vice versa.

Wirex has tight security and allows the user to use two-factor authentication. This feature reduces the possibility of the user becoming a victim of fraud and scams. The debit card is not a reloadable pre-paid card. The money that you have in your account will automatically reflect on the card. It has its own account number, CVV code and expiration date of the card.

The best benefit that you can get from the card is it’s 0.5% cash-back if you happen to use it in stores. This is actually more like token-back in the form of cryptocurrency.

What are the things that I don’t like from Wirex?

One of the disadvantages of the Wirex card is that it takes a long time before you can get it. Aside from that, the verification process is often slow and takes a long time to complete. Wirex will ask for several documents before you can complete your verification process. It takes up to 10 days before you can actually complete the process.

The actual Visa debit card is only available to users living in the UK. Users from other countries like the US and other European countries will only have access to the pre-paid card version of Wirex.

List of Fees for Wirex Debit Card

Like any other debit cards, the Wirex also has a monthly service charge. This applies to both Visa and MasterCard. In addition, the physical card also has an additional fee of $17 upon issuance. ATM withdrawals are charged $2.50 for domestic withdrawals while international withdrawals are charged $3.50

To summarize, the Wirex Bitcoin Debit Card is available in both Visa and Mastercard with both Virtual and Physical cards. It also has a mobile application. It supports fiat money like USD, EUR, and GBP. Wirex also supports cryptocurrencies like Litecoin (LTC), Bitcoin (BTC), and Ethereum (ETH). However, Wirex does not allow anonymous accounts.

Conclusion

Overall, Wirex is one of the best options for BTC debit cards. If you happen to live in the UK, this card is the perfect one for you. It’s safe and easy to use. The company is also equipped with the best customer services. I like how flexible it is to transfer crypto and fiat money from one account to another with a stringent identity verification measures. If you happen to consider getting a Bitcoin Debit Card, try Wirex. It’s cheaper and safer.

How was your experience with Wirex card? Send us your comments and tell me what you think about it.

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I’m a freelance writer and full-time curious person. My main interests are philosophy, politics, art, culture, science, and how they’re all interlinked. When I’m not writing, I’m fronting a band, producing records, and making videos. I’m also currently working on launching a YouTube channel that will focus on culture and politics. I think blockchain technology is fascinating because of the huge potential it has to revolutionise not only the financial sector, but society as a whole.