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 | ||
| Feature | EEA (European Economic Area) | All Other Regions |
| Account Creation Fee | Free | Free |
| Multi-sig Crypto Accounts | Free | Free |
| Multi-sig Fiat Accounts | Free | Free |
| Card Account Maintenance Fee | £1.00 / €1.20 / $1.50 per month | N/A |
| Card Issuance | Free | N/A |
| Card Delivery | Free | N/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 card | 1% | 1% |
| Bank transfer IN/OUT: SEPA | Free | Free |
| Bank transfer IN/OUT: FASTER PAYMENTS | Free | N/A |
| Bank transfer IN SWIFT | Free | Free |
| Bank Transfer Out SWIFT | £12 / €13 / $15 | $15 |
| Wirex Transaction Charges | ||
| Feature | EEA (European Economic Area) | All Other Regions |
| Cryptocurrency Exchanges | Rates + Wirex Commission | Rates + Wirex Commission |
| Fiat Exchanges | Interbank rates + Commission | Interbank rates + Commission |
| Internal Transfer between Users | Free | Free |
| External Crypto Transfer | Blockchain fees | Blockchain 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 prove that Wirex is the superior virtual wallet for storing, transferring, and paying online, as it has quite generous .
| Wirex Limits | ||
| Feature | EEA (European Economic Area) | All Other Regions |
| Fiat Exchanges | Unlimited | Unlimited |
| Cryptocurrency Exchanges | Limit 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 transaction | N/A |
| Transfer of funds between Wirex Card and account | Unlimited | N/A |
| Maximum Account Balance | Unlimited | Unlimited |
| Maximum Wirex Card Balance | £15,000 / €16,000 / $20,000 | N/A |
| ATM Withdrawal Limit | £/€/$250 per day | N/A |
| Transfer Limits | Outgoing Bank | Outgoing Bank |
| Local Card Transaction Limit | Amount |
| Minimum transaction amount | 10 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 hours | 5 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 amount | Daily limit | Max Trx amount | Max Trx amount | |
| Faster Payment | £10 | £3000 | n/a | £3000 |
| SEPA* | $10 | N/A | n/a | $50,000 |
| SWIFT | $10 | N/A | n/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 $188 USD on November 21st). 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.
We highly recommend using Skrill, NETELLER, or ecoPayz. You can read about their services on our thorough reviews. When you sign up for these services through us, you gain access to a whole host of exclusive benefits – from easier VIP access to complimentary prepaid cards.
