Trastra vs. Wirex
In the modern world, the financial sector is rapidly growing and developing. In this regard, it seems natural that there is a need for all new solutions that are flexible, able to easily adapt to constant upgrades, and that quickly satisfy the needs of users. Such instruments, which are gaining popularity in wide circles, include multi-currency debit cards. Today we will talk about the two largest competitors in this area – Trastra and Wirex – we will compare them and decide which of them has a more loyal user base.
- Overall Rating
- Personal IBAN
- Card convenience
- Customer Service
- Mobile app interface
- Multicurrency account
Pros:
- Trastra offers high security and anonymity to its users;
- A high mark by Trustpilot;
- The provider has an easy-to-use Trastra Visa card;
- A convenient and intuitive mobile app;
- Trastra’s crypto wallet has an impressive list of cryptocurrencies it supports;
- Trastra has low fee rates as compared to its competitors;
- It can be availed online and via iOS and Android operating systems.
Cons:
- Trastra crypto wallet supports 5 cryptocurrencies, but it has EUR only as its fiat currency. It is expected to introduce more currencies soon.
- Overall rating
- Personal IBAN
- Card convenience
- Customer Service
- Mobile app interface
- Multicurrency account
Pros:
- Wirex’s card is the only provider of the Bitcoin Cashback Program, which is particularly profitable and can give up to 2percent cashback
- It has its own VISA card, which is easy to use and can be used in different circumstances, for example, to make payments, purchases, and sales both online and offline
- Favorable terms for users, such as affordable payments and tolerable limits
Cons:
- Wirex also has a mobile app, but its design does not enjoy special favor with customers;
- Wirex crypto has a rather weak user support system and does not have a hotline phone number by which it would be possible to contact the operator.
Trastra and Wirex: Card Comparison
Here we will try to compare two payment systems according to several key criteria. You can read more about Trastra in our review.
| Trastra | Wirex | |
| Card Type | Debit | Debit |
| Currency | Euro Bitcoin Ethereum BitcoinCash Litecoin XRP |
Wirex crypto – Bitcoin, Litecoin, Ethereum, Ripple. Among the supported fiat currencies are (GBP), (EUR), (CAD), (CHF), (HKD), (CHF), (JPY), (SGD), (MXN), (AUD) |
| Card Provider | VISA | Mastercard |
| Card Loading | The process is simple: users can load a Trastra VISA card instantly via the Trastra app or IBAN Transfer. All of the funds load rapidly and could be converted into the i cryptocurrency needed for a moment. | Users can load the card instantly from the Wirex mobile app. All of the fund movements could be tracked online and could be converted into the currency needed for a moment. |
| Card Security | It uses a 3D-security system (the seller, the buyer, and the card issuers are involved) and also has Anti Fraud Protection and Anti-Skimming Technology. The user gets a personal PIN, goes through 2-Factor Authentication, and can block the card in a second. | It uses a 3D-security and One-Time-Password system. The user goes through 2-Factor Authentication and can block the card in a second. Wirex also uses SSL encryption and multi-signature technology in its policies. |
| Countries | Trastra spreads its products across the territory of the EEA. | Wirex is now supported in 130 countries. The growth of this list depends on the modernization and improvement of the company’s application and service. |
| Virtual Card | No, but you can read about the Trastra Visa Card offering here. | No |
Trastra vs. Wirex: Features Comparison
Here we have compared competitors by key service indicators. You can find more detailed information about Wirex on the website of Baxity. Also, on this source, you could learn about all the subtleties of using a Trastra crypto wallet and the IBAN of your Trastra Account.
| Trastra | Wirex | |
| Country of regulation | Headquarters – UK | Headquarters – UK. There are offices in Japan and Ukraine. |
| Year of foundation | 2017 | 2014 |
| IBAN account | Yes | Yes |
| Deposit methods | Trastra deposits are available in cryptocurrencies supported by the system, both through the website or application. | The user can top up the wallet by transferring fiat and cryptocurrency supported by the system. During the first payment, the user will be sent the account number to which it will be necessary to send the deposit. |
| Withdrawal methods | Trastra crypto exchanges into fiat (EUR) on the website or in the Trastra app; Transfer Trastra crypto wallet funds to other wallets; * It is possible to withdraw cash at ATMs; * It is possible to pay for purchases with fiat and cryptocurrencies online. More information about Trastra crypto exchanges you can find here. |
Transfer to a VISA and Mastercard * It is possible to withdraw cash at ATMs; |
| Verification | Trastra uses verification to provide absolute security and because of its KYC policy. There are initial and recurrent verification types. The process lasts from 15 minutes up to 2 days. | Wirex identity verification takes around a couple of minutes. You will need to confirm your email and phone number, scan a QR code, and then send all of the documents required to verify your data. After that, you should insert the memorable word for signing. |
| Money transfers via card | Transfers between Trastra cards are available | Users can send fiat to themselves, to a business, or to somebody else. However there are some limits. |
| Mobile app | Yes, it is quite modernized and receives a high rating from users. | Yes. The mobile application is quite clear to use, but some users note imperfections in its design. You can download it in the PlayMarket or AppStore. You can also register through it, but you will need a website for verification. With the help of the application, you can always keep your Wirex card at hand. |
| Currencies | Euro Bitcoin Ethereum BitcoinCash Litecoin XRP |
Cryptocurrencies supported by Wirex include Bitcoin, Litecoin, Ethereum, and Ripple. Among the supported fiat currencies are (GBP), (EUR), (CAD), (CHF), (HKD), (CHF), (JPY), (SGD), (MXN), (AUD). |
| Security services | The Trastra wallet uses a 3D-security system (the seller, the buyer, and the card issuers are involved) and also has Anti Fraud Protection and Anti-Skimming Technology. The user gets a personal PIN, goes through 2-Factor Authentication, and can block the card in a second. | There are special services in Wirex that protect the user’s data. Among them are: A memorable word that a client inserts after going through the registration and verification processes; 256-bit SSL encryption; Two-factor/double authorization (especially in the case of a big transaction); If you’re worrying about how to cancel Wirex card in an emergency – it is via an account freeze, which can be regulated with Wirex mobile application. |
| Customer service | Clients can get a support writing the email at [email protected] or opening the Live Chat with Trastra Support Operator (8-17 UTC) | There is no Live Chat/phone contact. Clients can send an email, write a message on Facebook or Instagram, or write to a Wirex customer on the community page for help. |
| Supported countries | Trastra spreads its products across the territory of EEA. | Wirex is now supported in 130 countries. The growth of this list depends on the modernization and improvement of the company’s application and service. |
| Cashback | Available in the case of IBAN registration through Baxity. | The Wirex card is the only provider of the Bitcoin Cashback Program, which is particularly profitable and can give up to 2 percent cashback. |
Trastra vs. Wirex: Fees and Limits
Speaking about payment systems, it is impossible not to devote a separate section to the principles of their asset management. We have analyzed the main points of the work of Trastra and Wirex; now, we will talk a bit about Trastra limits and Wirex limits and fees.
| Trastra | Wirex | |
| Deposit fees | Free | Free for fiat account, 1% for crypto account |
| Withdrawal fees | Depends on the priority and conditions of the provider | Up to 400€ is free, 2% thereafter |
| Fees for transfers between accounts | 0.20€ – between Trastra cards |
Free – crypto transfers to internal wallets Between Wirex clients – free, external transfers – plus blockchain commission. |
| Currency conversion fees | Trastra crypto exchange to EUR is free | OTC rates + commission |
| Fee for ordering card | 9€, but it can be free for Baxity clients | Free |
| Card monthly management | 1.25€ per month | Free |
| ATM withdrawal fees | 2.25€ (depends on ATM provider) +3% (if the operation takes place outside of EEA or not in EUR) | Up to 400 € per month is free, 2% thereafter |
| ATM withdrawal limits | Trastra limits are 300.00€ per day | Wirex withdrawal limit is SGD 1,400 per day. You can find more info about Wirex fees and limits in our article. |
* More information about cashing out the cryptocurrency you can find here.
Catch the Benefits With Baxity!
Thus, we have confirmed that payment systems today are a really applicable and promising thing. Debit cards with the ability to quickly transfer between digital and fiat currencies are beginning to become increasingly popular due to the growing demand for crypto.
Are you thinking about which platform is more suitable for you? Now we’d like to offer you an opportunity to get some Trastra bonuses that aren’t usually available for new Trastra users. Use our link to register in Trastra and to order the card, and you can save 9€ – get the refund for the Trastra card.
FAQ
Where can I use Wirex card and Trastra card?
These cards can be used for different purposes. They are especially widely used by gamblers and users of Forex and other exchanges. As financial systems, Trastra and Wirex are designed for making payments, purchases, and sales both online and offline. They are also intended for making transfers to both individuals and legal entities. In general, these financial systems have a full package of all debit card tools and, in addition to it – the ability to operate with cryptocurrencies.
Are Wirex and Trastra safe?
Both Wirex and Trastra confirm the main priority is the personal data of their clients. That is why you shouldn’t worry about the security of your data.
