Wirex - Fintech Finance (2024)

FAQs

How long does Wirex withdrawal take? ›

Please keep in mind that it may take a few business days for the funds to appear in your bank account, depending on your bank's processing times.

Regulated: Wirex is regulated by FCA, Bank of Lithuania and by the MAS. Customer Support: Users may contact customer support by raising a support ticket. The Customer Support team is extremely responsive. Fiat Money: Users may send, receive, exchange, and spend any one of 9 supported fiat currencies.

What makes users choose Wirex? Spend crypto and stablecoins anywhere with physical or virtual Wirex card. Earn up to 8% Cryptoback™ on every transaction. Earn up to 16% APR on your crypto.

Your funds will usually be available within your Wirex account immediately. However, in some cases, payments can take up to a few business days to appear.

To fix this, check your account balance and ensure that you have enough funds to cover the withdrawal. If you don't have sufficient funds, consider depositing more money into your account. Your Personal Identification Number (PIN) is a crucial security feature that protects your account from unauthorised access.

Verification is usually completed within minutes, although it may take longer in certain cases. Once your document is verified (or rejected), you will receive an email and in-app notification.

Other important factors to consider when researching alternatives to Wirex Wallet include reliability and ease of use. The best overall Wirex Wallet alternative is Coinbase Wallet. Other similar apps like Wirex Wallet are Zengo Wallet, Exodus, Trust Wallet, and Luno.

Fact: Keeping your money safe is one of our key focuses at Wirex, as is accessibility, which is why we use multisig mobile wallets. Combined with the existing safety assurances of the blockchain, our wallets incorporate a range of security measures to ensure the risk of theft is minimised.

Pavel Matveev: Wirex was born when my co-founder Dmitry and I, inspired by London's fintech scene, discovered Bitcoin and blockchain's potential to revolutionise finance.

The first few months of 2020 have been one of Wirex's most successful in history, and we're excited to say that we've now reached 3 million registered users across 130 countries.

Do you pay tax on Wirex? ›

No, as of 2024, Wirex does not automatically deduct taxes from crypto trades. However, Wirex might still report your crypto transactions to your country's tax authority, like the IRS or HMRC.

The following documents are accepted: Bank statement: A recent bank statement that shows the source of the funds used in your Wirex transactions. This statement should include your name, address, and account number. Payslip: A recent payslip that shows your income source and the amount you receive.

Bottom line. In most cases, a check should clear within one or two business days. There are a few cases in which a check might be held for longer, such as if it's a large deposit amount or an international check. Make sure to review your bank's policies for what to expect in terms of check hold times.

If our system detects any sign of suspicious activity, we'll suspend the account to protect the genuine customer and/or other customers' account whilst we investigate. We try and conclude our investigations as soon as possible but at times, this can take longer if, for example, we suspect there is an organised attack.

Is the WirexApp Card a credit or debit card? The Wirex Card operates as a debit card, meaning you can spend funds directly from your Wirex account, encompassing both cryptocurrency and traditional fiat currency.

ACH withdrawal: pros and cons

If you want to transfer money electronically within the U.S., ACH transactions are secure, fast, and convenient, and they have very few limitations: ACH payments aren't always available for international transfers. Standard ACH payments take 2–5 business days to clear.

In most cases, withdrawals are almost instant and normally should take no longer than 2-3 hours to be processed. Note: Withdrawals will be sent from an address that differs from your crypto's deposit address.

Next, choose an account to pay the delivery fee and confirm the order. Your physical card may take up to two weeks to arrive.

Anyone with a physical Wirex card can withdraw from any ATM that supports Visa or Mastercard products.