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The app lets you spend money abroad in more than 150 currencies at the interbank rate (the same rates banks give each other) for crypto and traditional currencies.
Since launching in 2014, Wirex customers have made over $2 billion worth of transactions between crypto and traditional currencies. Read on to find out more about Wirex in Canada, including how it works and what it costs to help you work out if Wirex is right for you.
If you order a Wirex Card, you’ll see a separate card account on your profile which will show you your balance. You can load money onto your prepaid Visa card and start spending across the world. Your card can be used online, in shops, over the phone or by withdrawing cash from an ATM. At the time of writing, the card is not yet available in Canada.
You can use the Exchange Currencies feature to buy or sell cryptocurrency, convert your traditional money to crypto or transfer crypto from your Wirex wallet to your euro fiat currency account. This can then be spent using a VISA debit card.
You sign up to Wirex by downloading the app to your smartphone and registering (it’s also possible to do so on the Wirex website). You’ll need to verify your identity by providing a valid ID and taking a selfie. After signing up, you can begin using your account and request a Wirex card.
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