Wirex Fees and Limits

An In-Depth Look at Fees and Limits

Have you ever wanted to store your currencies online, in one safe, convenient, and best of all, free virtual wallet? Somewhere that can hold numerous currencies (such as Bitcoin, Ethereum, etc.)  at the same time, and not just the standard currencies that are physically used today?

If all of this sounds like an amazing offer for you, be sure to check out Wirex! They’re an industry-leading group that has been around since 2014 and continues to offer free wallet services to its customers, including transferring cryptocurrencies. If you’d like to learn more about their fees and limits, continue reading below.

Wirex Fees

Wirex VISA Card Charges
FeatureEEA (European Economic Area)All Other Regions
Account Creation FeeFreeFree
Multi-sig Crypto AccountsFreeFree
Multi-sig Fiat AccountsFreeFree
Card Account Maintenance Fee£1.00 / €1.20 / $1.50 per monthN/A
Card IssuanceFreeN/A
Card DeliveryFreeN/A

As you can see, when using a Wirex VISA Card, you actually save more money than when partnering with established banks, as you do not need to pay for irritating things such as card issuance and delivery, or even creating your account, actions which many banks instill fees upon to turn an even larger profit.

Top-up charges
Crypto top-up by external card1%1%
Bank transfer IN/OUT: SEPAFreeFree
Bank transfer IN/OUT: FASTER PAYMENTSFreeN/A
Bank transfer IN  SWIFTFreeFree
Bank Transfer Out SWIFT£12 / €13 / $15 $15

 

Wirex Transaction Charges
FeatureEEA (European Economic Area)All Other Regions
Cryptocurrency ExchangesRates + Wirex CommissionRates + Wirex Commission
Fiat ExchangesInterbank rates + CommissionInterbank rates + Commission
Internal Transfer between UsersFreeFree
External Crypto TransferBlockchain feesBlockchain fees
ATM Charges

EEA (including UK): £1.75 / €2.25 / $2.50

International: £2.25 / €2.75 / $3.50

N/A

Regarding the blockchain fees shown in the table – this is referring to the crypto transaction charge that is collected for processing purposes. This actually isn’t a Wirex fee; it just ensures that the exchange is processed in a timely manner. As shown above, Wirex charges minimal transactional fees and even offers free internal transfer between users, something that competitors such as PayPal do not. This is just one more advantage of switching to Wirex.

Wirex Limits

These next two tables e prove that Wirex is the superior virtual wallet for storing, transferring, and paying online, as it has quite generous  .

Wirex Limits
FeatureEEA (European Economic Area)All Other Regions
Fiat ExchangesUnlimitedUnlimited
Cryptocurrency ExchangesLimit varies (depends on currency)Limit varies (depends on currency)
Crypto Transfer (Out)$10,000 per transaction
$50,000 per day
$10,000 per transaction
$50,000 per day
Card Spending Limit£7,500 / €8,000 / $10,000 per transactionN/A
Transfer of funds between Wirex Card and accountUnlimitedN/A
Maximum Account BalanceUnlimitedUnlimited
Maximum Wirex Card Balance£15,000 / €16,000 / $20,000N/A
ATM Withdrawal Limit£/€/$250 per dayN/A
Transfer LimitsOutgoing BankOutgoing Bank

 

Local Card Transaction LimitAmount
Minimum transaction amount10 USD
Maximum transaction amount (unconfirmed  card)50 USD
Maximum transaction amount (confirmed card)3800 USD (3000 GBP)
Maximum daily limit (unconfirmed card)50 USD
Maximum daily limit (confirmed card)5000 USD
Maximum number of successful transactions per 24 hours5 successful transactions in a day
The number of cards that can be linked to the account at the same time (in order to link a new card, the previous one should be deleted)5
Maximum top-up amount for WXT (confirmed card)*10000 per day

The first table describes overall Wirex account limits, whereas the second table goes over transaction limits for local cards.

Outgoing Bank Transfer Limits
Min Trx amountDaily limitMax Trx amountMax Trx amount
Faster Payment£10 £3000n/a £3000
SEPA*$10N/An/a$50,000
SWIFT$10N/An/a$50,000

Cryptocurrency advocates can rest assured that Wirex is supporting the online currencies that have caught the world by storm. The Bitcoin limits for Wirex include a $50,000 BTC maximum transaction limit per day, with the smallest amount of Bitcoin you can send being 1 dollar’s worth.

There is also a strong security system in place, as without 2FA on your account, you are only allowed to transfer 0.01 BTC (which equated to approximately $91 USD on July 1st). This means that if someone gains access to your account, they cannot transfer your funds anywhere else.

The maximum transaction amount of exchanging Bitcoin to fiat, fiat to Bitcoin, or changing Bitcoin into other cryptocurrencies is $36,000, with no daily limit. The fees for the other cryptocurrencies are generally identical to those of other cryptocurrencies, which means an easier time calculating how to use your wallet.

With little to no fees and a physical card that can be used as a debit card, Wirex functions both as an ‘E-Wallet’ and additionally an alternative to banks all around the world, offering lower fees and accommodating cryptocurrencies such as Bitcoin and Ethereum. But what if you still don’t want to use their service? Well, there are several alternative e-wallets you can use.

When you sign up for these services through us, you gain access to a whole host of exclusive benefits – from easier VIP access to cashback offers and complimentary prepaid cards.

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