Generally, it is difficult for investors and individuals to successfully track and manage their investments and funds. The existence of cryptocurrency exchanges have been beneficial, but these exchanges overtime have been hacked and they make management of digital and physical currencies difficult. To solve this problem and ensure that users can be able to manage their digital currencies, the Wirex platform was developed.
The Wirex platform happens to be the first platform to allow users in Europe, America and Asia to be able to spend their physical or fiat currencies that are converted from cryptocurrencies. This platform also offers it users payment cards. This credit card virtual and plastic wallets would allow users to store multiple coins. Customers all over the world have been offered countless payment cards, each of these cards seeking to out do or offer more features than the others, but only a small number of these cards provides users with offline and online payment capabilities. And just a few offer multiple payment options for various currencies. The Wirex platform payment card offers these services and more.
This card provides users all over various continents with payment solutions. This card has also been described as a travel card because, not only does it offer payment options, it offers them in multiple currencies, meaning that it could be used in various countries. This card offer various currencies like; the US Dollar, the British Pounds, Euro and even cryptocurrencies like Bitcoin and Litecoin. The amazing part of this card is that it lets users or account holders to easily convert their fiat or physical currencies to either LTC or BTC tokens. It also allows them to make payments with these converted cryptos and fiat currencies on the online stores of vendors that accept the token as a form of payment.
(Image Source : Wirex)
Users who carry out various transactions online, would know that there are a few acceptance platforms. Ones like PayPal who happens to be the leading platform charges high for all transactions carried out and most users find it very difficult to make use of it. Google Pay and Apple Pay are some of the other platforms that are coming up, but what separates these platforms from the Wirex is that the virtual cards developed by the Wirex platform allows users to easily convert their cryptos to fiat currencies and the other way round. Also the Wirex platform is designed with an easy to use interface which makes it easier for users to convert and also carry out transactions. You will find it interesting to know that the Wirex platform charges as low as 0.5% for all crypto spending. This makes it one of the most advanced, cheap and efficient payment solutions developed. You will find it interesting to know that the Wirex platform offers account holder who spends with their payment cards 0.5% cash backs on all spendings. This means that while you spend your funds you are also paid for doing so.
(Image Source : Wirex)
As mentioned earlier, the Wirex virtual payment card has been described as a travel card because it lets users make transactions in three globally accepted fiat currencies. This card can be used to make payments at merchants or vendors that accept swipe or contactless, chip and PIN payments in GBP, USD and EUR.
The Wirex payment card also comes with a secure mobile wallet that stores the funds of users or account holders on the network. This mobile wallet offer account holders numerous benefits, first of all, it allows users who do not have access to multi currencies the opportunity to quickly convert their currencies to any other currency of their choice in just a few clicks. This payment card mobile wallet ensures that all card holders who receive payments in other currencies can have their funds sent to their mobile wallet. It affords them the opportunity to convert this local currencies to any foreign currency of their choice. They also offer holders the opportunity to even convert their fiat local currencies to either Litecoin or Bitcoin in just a few minutes.
(Image Source : Wirex)
The Wirex mobile payment card adopts the near field communication technology (NFC) which currently happens to be the most common contactless technology that is adopted by mobile wallets. The NFC technology ensures that the Wirex mobile wallet is able to transmit information wirelessly within a few centimeters. The NFC technology ensures that certain encrypted payment codes are transmitted to various Point On Sale (POS) terminals when users tap their smartphones on the terminal. The NFC ensures that the vital financial information of users is not revealed to these retailers. Another great benefit of this technology is that it does not make use of a battery. The NFC chips which are embedded in the Wirex mobile wallet ensures that users can make transactions and also make payments for goods bought when the battery of their smart phones are down or even dead.
The Wirex payment card has an added feature which allows cardholders to be able to hold their altcoins for a long time and convert them in the future for either Litecoin or Bitcoin. This added feature means that card holders can now accept different cryptocurrencies like; Dash, Monero, DAO, Ripple and a host of others. Since the inception of payment solutions, one has not been developed that fits in so many features like, travel cards, payment cards, multiple fiat currencies, multiple digital assets like Bitcoin, Litecoin and a host of other altcoins. The Wirex platform happens to be that pioneer payment solution that fits these features into one to offer account holders a one-stop-app for all digital money spendings, transfers and savings. Not only does the Wirex platform offer these amazing features, it charges lower for transactions carried out by all account holders compared to other payment solutions.
(Image Source : Wirex)
Asides these amazing features mentioned above, the Wirex platform offers users an opportunity to send and receive funds through their platform. Account holders can send small and large amounts to others who are either holders or not. Account holders will receive the funds as soon as possible, while non account holders will be sent an email to quickly open an account and receive their sent funds. Sending money on the Wirex platform is as easy as sending an email, this means that the network is ultrafast because it takes less than a second for an email to be sent. The Wirex platform was designed to full complement human life, it offers a platform to save funds, it offers a platform to spend, it offers a platform to send and also receive funds as well.
The high cost of making international transactions have deterred people from doing so, but with the Wirex platform, account holders can make these transfers to their friends and families in other countries with just a little charge and these transfers are fast as well. Interestingly, it lets these account holders to choose to either transfer funds in any of the three fiat currencies and even in digital currencies like Bitcoin and Litecoin. You can send everyone funds as long as you have their personal email address. The Wirex transfer feature seeks to solve four crucial problems that conventional banks face. These problems are; ambiguity, high transaction cost, inflexibility and eliminates any form of restriction.
Conventional banks and her customers are faced with one major issue which is that of too much paperwork. After going through much stress to ensure that you open an account, you still have to wait for days before international transactions are verified. The frustrating part of these transfers is that the senders' and receivers do not have any idea how long the transfer process has gone. Lack of any necessary information about the transfer can prove to be frustrating especially for business owners that are anxiously expecting their goods inorder to ship to their waiting clients and customers. The Wirex account solves this problem completely as all transfers made by account holders are processed immediately. Creating a Wirex account would be truly beneficial to business owners that carry out international and local transfer regularly.
(Image Source : Wirex)
Traditional banks charge their account holders for various things like; processing fees, receivers and senders fee. This means that if you seek to send about $100 to your loved ones through the banks you can end up spending a total of $110 to $112 for all transactions charge. High volume transactions are even worse, with the Wirex account, users can make transfers for free. The Wirex platform eliminates any form of transaction fee that conventional banks charge.
Other payment solutions and traditional banks allows its users to only carry out transactions in one currency. This limits their usage and if users do not carry out transactions with the supported currency, they would be charged much for foreign exchange fees. The Wirex account is different in the sense that it allows account holders to transfer funds in three globally accepted currencies and also for crypto investors, it offers them the opportunity to also transfer digital currencies like Bitcoin and Litecoin and a host of other altcoins. The Wirex platform offers account holders the opportunity to transfer digital currencies to enable their users jump through forex commissions to ensure that those at the receiving end get the complete money sent.
(Image Source : Wirex)
The Wirex platform is not restricted by geographic location or border meaning that you can send funds to your loved ones worldwide.
Generally, these features that the Wirex platform offers would have to come with a difficult start up process but you will find it interesting to know that creating an account on the Wirex platform is quite easy. You do not have to fill in all personal information before creating an account on the Wirex platform. All you need to fill is your name, email address and your date of birth. Once this information is submitted and approved, you can begin enjoying the amazing benefits of being an account holder. Once you are on this platform, you have the opportunity to own a personal payment card as well as one of the world's leading multiple-signature secured mobile wallets. To ensure that you are convinced of the type of services the Wirex platform offers, it gives you the opportunity to create a dummy account. This dummy account will give you the opportunity to take a closer look at some of the most exciting features and benefits that have not been offered by any payment solution available.
Once you have successfully created an account on the Wirex platform, you can top up your account with your digital tokens. If you are a crypto enthusiasts, you will find it interesting to know that the Wirex platform has adopted the Shapeshift technology which will further enable them to receive payments from Bitcoin and other top altcoins like Litecoin, Dash, Monero etc. You can also decide to top up your Wirex account with fiat currencies, all you have to do is add the country where you reside while setting up an account and the platform will automatically offer you top up options that are available in your country. Once you have funded your account, you can either decide to hold them in fiat or convert them to cryptos.
(Image Source : Wirex)
In conclusion, we have discussed the Wirex platform to an extent and we have seen the numerous features it offers all account holders. One feature that particularly stands out is the fact that platform offers all account holders that spend their funds through their payment cards a 0.5% cash back on all spendings. This definitely means that while account holders are spending huge sums of money with their payment cards, they also get a little percentage of their spendings to themselves. This makes the platform one of the best as it helps it users save money. Another feature is the virtual payment card which also acts as a mobile wallet and a travel card. This payment card is designed to offer both offline and online payment capabilities. Finally, potential users can create dummy accounts to check out the various services offered by this pioneer payment solution.
Seems like the one I've been waited for
How long did it take to receive your card? I am ordering mine pretty soon
It was litlle more than 1 week after have been printed. You will receive an email confirming the print of your credit card.
I love what I discover in this blog and I found this article pretty helpful especiallt for us who are in crypto. I hope they can support Steem in the near future. I am installing right now the apps and see where it can lead me. Thanks for bringing my awareness
Really want this card. This is the one
I'm Living in London Can I send bitcoin to this card and after that transfer from this card to my bank account ?
Yes, fully available. You can check their faq which are very complete but I can already confirm you it is available ;)
Note to self, check this out when I get back to reliable internet
Is it possible to pay with $ and get Cashback as Crypto ? Because I don t want to spend my Crypto.
Hello,
Yes it is possible to send some $ or € to your account and spend them with the credit card that they provide and you will receive the cashback in crypto because it is only in BTC.
awesome are there any fees for Deposit ? , because if there is more than 0.5% fee it isn t worth to get the Card for me.
Are they actually issuing cards? I signed up with TenX well over 6 months ago and still haven’t received my card.
Yes, vitual credit cards are available since months and the plastic credit card is available since last week . So I don't know the delay for the new users but for sure credit cards are now available.
I’ll take s look and try and sign up. TenX are a complete waste of time.
Credit or debit card ?
Interesting one considering the fact of low charges as mentioned.
In countries like India where cryptocurrencies are banned, I am not sure how useful this as we cannot transfer make purchases or transfer funds directly from a crypto wallet or crypto exchanges.
An alternative is to get the crypto currency converted to $ or our local currency and get it transferred through paypal.
May I ask you to explain whether this Wirex will be useful for us considering the ban on cryptos?
Thanks in advance.
I don't know all the limitations in your contry so it is kinda hard to advise you. Check their website, they have a FAQ and explanations very complete, you will perhaps find all what need there.
This sounds incredibly useful. I’ll check if it is available in Australia.
Tell me, do you have any involvement in this company or are your links affiliate links? This reads like an advertisement is all.
I'm a user of their platform and so yeah I used my affiliate link in order to receive some fees back... nothing exceptionnal I can say you... Their product is very good compared to other companies and so my main goal is to show it to other cryptofans. Up to you to make your searches and own opinion. Take care.
No problem mate. Just curious is all. I'll definitely check it out however after a quick look I don't think it is available in my country yet. Looks awesome though so thanks for sharing.
wao #wirex is most safely plate form for investors. it helps investers in investing in any cryptocurrency.
But I have a question, we can use #wirex for the conversion of steem and sbd into US dollars or nor.
From your point of view this plateform is very safe, and useful for investors and the main thing of this plateform, that I am like is that this is used for transactions from one another.
From my point of view #wirex is more safe than #paypal. But #paypal directly connect on our bank account, But #wirex is connect with credit card.
I am appreciate your post, thanks for sharing this helpful post on steemit.
Here is a little resume with a good compare with banks but also paypal :
You have direct local bank transfers (deposit & withdraw) ;-)
wao, #wirex is more important than #paypal. Thanks for great feedback @cryptopassion, I am appreciate your answer, and I hope you can share more important tips about this plateform on steemit.
have you got a link of this image or a bigger version, cant read it and cant zoom in
thanks in advance
I am going to check into this, been looking for an option like this, I still have my tenx but am slowly giving hope
It depends of the pluggin you are using for steemit but most of the time, right click on the picture -> open in a new windows will allow you to have a correct size. Take care.
Have you tried it?
Can you buy Bitcoin with Wirex?
I really like the idea of this but 0.5% is a hard sell when I'm getting 2% back each month on my Venture card. It may not be crypto, but it's sure easy enough to transfer the 2% to my Gemini account. Still, great job for innovating in this field!
Yeah, I'm with you on this, the 0.5% is not enough to make me switch from the 1%+ I'm already getting on my other cards
tldr; wirex offers payment solutions for those that use crypto and want to purchase things with fiat
This is the future of crypto. Excited to see the credit card industry starting to progress
Coins mentioned in post:
Ow everyone’s happy :D
Im not sure if its really worth using a "Cryptocard".
Why not sell your BTC and deposit it in your bank account?
Please share your thoughts :)
I'm still not sure which card to get when it comes to crypto. Wirex, Monaco, TenX. There are too many options that seem great. I love it because adoption will definitely grow with cards but as of right now I'll just wait and see how each card develops and what the community thinks is best.
Interesting concept, thanks for sharing. I've smashed the upvote button for you and i'll check these guys out.
Also, if you are looking to get some tokens without investing or mining check out Crowdholding (https://www.crowdholding.com). They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.
You got a 13.74% upvote from @postpromoter courtesy of @cryptopassion!
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Why is Wirex not available in Africa @cryptopassion?
I don't know my friend. Check that with their support.
Ok sweet. Thanx @cryptopassion..
this seems like a great way to spend crypto
It facilitates using cryptos everywhere. It is a revolution in its kind I think.
wow, I loved your article .. A pleasure, I'm new on this platform and your article is one of the first I see and it's so good, I invite you to visit my profile, there I introduce myself.
Thank for the article😉
Great information dude! I was very struggling to choose between Xapo, Cryptopay.me, tenx and wirex; but after reading this Wirex is a "the" choice ! Thanks for your effort !
I have no idea here in Philippines what is Wirex all about? Is it a kind of Crypto Currency or just another wallet or a trading platform. Please Help me how does it work? Thank you..
Hi, i just upvoted your post.
This is all fine and dandy, but can people actually withdraw their crypto into a personal wallet? Or are the coins stuck in the platform as they are with Revolut?
Little by little, initiatives like this will appear and we will migrate to them, since they offer us more benefits than a bank, cheaper rates and doing our financial operations from the comfort of our home soon we will see the banks running towards these technologies
So glad to see this, I ordered a mine a couple of weeks ago here in the UK but had no idea about the cashback. Great post! 👍 💰
STOPwhen its will be available in africa ?
Tool for crypto holder trader https://steemit.com/crypto/@chamviet/cryptocurrency-tool-sfomo
It seems that I have been waiting for
Good news from wirex ! nice
I already have an account. How can I order the card? Thanks.
Posted using Partiko Android
I like it very much
cool ! check out my last post! 150 ghz free mining available
https://www.hashmania.net/?ref=471
use my refferal link if you appreciate the sharing ! it really works, i started 3 days ago and i was already able to withdraw without depositing anything! no reffering necessary but i like to share good platforms to create a thrusted community.
thank you for sharing :)