Review on Wirex Wallet by Temitope Babatunde
Wirex Making Cryptocurrency Spendable
Dmitry Lazaricha and Pavel Matveev co-co- founded E-coin in 2014 before it was later changed to Wirex in 2016. The headquarter is in London with offices in Ukraine and Japan.
With wirex wallet user deposit cryptocurrencies about 7 types and spend it by converting it to spendable currency directly from inside the wallet. Fiat currency can also be deposited in the wallet and can be use to buy crypto inside the wallet.
The wallet is being use by over one million people in more than 130 countries. The wallet is very simple to download, install and set up. The user must keep the private key for safety of the wallet. If a user will need the wallet for further services such person will need to do KYC.
In terms of security, it has PCI DSS level one certificate, which is the highest one available, it stores users fund in hardware wallet , has 2Factors authentication.
Wirex has a very supportive customer care service in that they are at work 24/7. So wirex wallet has all what a user might be looking for in a wallet.
Pros
- It is a multisignature wallet
- Licensed by Financial Conduct Authority (FCA)
- Both cryptocurrencies and fiat can be deposit in the wallet.
- Available in many countries
- Users are over one million
- It has Web, Android and ios version
Cons
- If usage is beyond basic use, the user will have to carry out KYC.
- Deposit and withdrawal of fiat is somehow expensive.
