Wirex Card: Is it Legit?
Today I received my Wirex Mastercard and decided to write a review because it might not be for everyone.
Good things about Wirex:
- Multi Fiat Currency support.
- True cryptocurrency support - withdraws/ deposits/ use IRL (real time conversion to fiat).
Supported coins are: NANO, BTC, LTC, XLM, XRP, Ether, Dai - Simple UI and easy to use.
- Free Fiat Top Ups.
- No monthly fee for Mastercard.
- Free card and free delivery option.
- Good design - website, app, card.
- Active on Twitter.
Bad things about it:
- Can't send fiat back to the local card - no SEPA fiat transfers.
- Not allowed to change email address without doing another KYC.
- Crypto transactions usually take a lot longer than using a regular crypto wallet.
- Pretty high crypto-fiat conversion fees compared to exchanges.
- Slow customer support.
- Some users have reported issues that they are not able to transfer funds.
- Crazy inactivity fees (didn't have this myself just sharing info).
Conclus...