Review on Wirex EUR by Temitope Babatunde
Wirex Card Helping With The Mass Adaptability of Cryptocurrencies.
Wirex is like a digital or cryptocurrencies banking platform established in 2014 and support the major cryptocurrencies and some fiat currencies. It made the adaptability of cryptocurrencies easier, because it helps to convert the cryptos to spendable currencies.
Wirex is licensed under FCA-e money law in UK, therefore it's operation including the card is legal and backed by law. Before one can obtain the card one first have to register and get verified with wirex and then apply for the card. The interesting thing is that no issuance or delivery fees, all are free.
The card that the user will receive is Visa card and can be use at anywhere where they accept Visa card. One has to be familiar with the cost associated with using the card, for example the user will be paying a monthly maintenance fee of 1.20 eur, if the card is use in any ATM within Europe it will be charged 2.25 EUR, but if it is outside European territory the fee is 2.75 EUR. Also there is maximum daily spending of 8000 EUR and maximum card balance is 16,000 EUR.
As per security of using the card the card carry no risk at all as the card has 3D secure enrollment to ensure its protection. It must be noted however that the wirex card has limitation in that is not available for use worldwide.
Pros
- It helps users to spend their cryptocurrencies with ease, by helping to convert it to spendable currency anytime they need it.
- Wirex company which produced the card is licensed, so the activities is backed by law.
- There is cashback of about 0.5 percent in satoshi whenever a user use the card to shop at a store.
- There is 24/7 support service in case the card develop a fault.
- The card itself is free, that it is one can have it without a cost.
Cons
- When using the card to shop the charges involved is higher than what is averagely obtainable.
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Comments (1)
June 11, 2020
I like the card because it convert cryptocurrency to local currencies so that the user will be able to make transaction at anywhere. It interesting to know the it also makes free delivery.
