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Adedamola Adeniji photo
Ibadan, Oyo State, Nigeria
1 Level
188 Review
1042 Karma

Review on Wirex GBP by Adedamola Adeniji

Revainrating 4 out of 5

Wirex GBP: Has Great Potential of Becoming A Frontliner Among Other Cards IF Its Fees are Reduced

Many factors come into play when it comes to making a choice of Crypto cards to use for digital space transactions. One needs to consider factors like fees, security and accessibility to fund. Today I will explore this features on Wirex GBP.
First of I have for years been using Visa cards for my fiat money transactions, one of the reason why Wirex GBP attracted my attention
Wirex GBP affords users the opportunity to easily change and spend their fiat currency and crypto alike at any point where Visa card is accepted
After your card verification you get to spend and manage up to 18 fiat and cryptocurrencies on Wirex GBP, via your online app.
Your security concerns are well catered for because fiat currency and cryptocurrencies are kept in cold storage account and Wirex Visa card.
Funding your account is very easy and you can from your bank account or credit/ debit cards also via your already existing token, you have it available in GBP, USD and EUR.
Paradventure you lose your card you can froze and defrost from within your app, I parparticularly love this feature because security is top priority for me, best part is you are not charged for inactivity.
With every in store spending either via swipe, chip or pin, or top and go you get to earn 0.5 percent Crypto back in BTC, this you can redeem anytime you want without any limitations to how much you can earn.
In terms of fees and charges you pay 1 pound monthly fee and 0.8 percent overall fee, this I don't like at all, it is too expensive because I have seen similar offers on other platform with cheaper fees. Although you are not charged for order and delivery. It has no maximum amount in account balance, but your withdrawal is limited to 7500 pounds daily. You pay more than a pound for ATM fees. Aside the high fees Wirex GBP will serve you well.





Pros
  • Automated conversion of digital and fiat currencies.
  • Crypto and fiat money compliant.
  • 0.5 Crypto back earning.
  • Digital assets are kept in cold storage.
  • Easy funding from credit and debit cards.
  • Easy management of digital asset via live in app messages.
  • Available on Mobile App.
Cons
  • Low on anonymousity.
  • Costly fees

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