The Wirex Card earns 0.5-8% USD cashback on a Visa/Mastercard debit card with no annual fee, available in 150+ countries.
Wirex is a UK fintech founded in 2014 by Pavel Matveev and Dmitry Lazarichev that launched one of the first crypto-enabled Visa debit cards in 2015. Wirex Limited is authorised by the UK Financial Conduct Authority as an electronic money institution, and the company has stated it holds direct principal membership with both Visa and Mastercard.
The Wirex Card is a crypto debit card offered by Wirex, available in 150+ countries. It offers 0.5-8% USD cashback across 5 reward tiers, giving users the ability to earn higher rates as they increase their commitment. There is no annual fee to hold this card.
Best suited for reward-focused spenders willing to optimize for cashback. It runs on the Visa/Mastercard network and requires full identity verification.
New to crypto cards? Read our complete buyer's guide to understand fees, rewards, and how to choose. Concerned about privacy? See our KYC vs non-KYC comparison. Browse all our regional card guides. See where it ranks among the best crypto debit cards.
| Tier | Rate | Requirement |
|---|---|---|
| Base | 0.5% | No minimum balance and no WPAY requirement. No subscription and no lockup; cashback paid in USD |
| Premium | 1% | Minimum balance of $500 and WPAY holdings of at least 1% of balance. Both conditions required |
| Elite | 3% | Minimum balance of $2,500 and WPAY holdings of at least 3% of balance. Both conditions required |
| Private | 5% | Minimum balance of $25,000 and WPAY holdings of at least 5% of balance. Both conditions required |
| Bespoke | 8% | Minimum balance of $50,000 and WPAY holdings of at least 10% of balance. Both conditions required |
Virtual IBANs are issued by unnamed third-party providers, not Wirex. Third-party payments are supported on SEPA (EUR) for EEA and UK customers, but GBP Faster Payments rejects third-party payments (first-party only).
Compare IBAN and transfer capability across cards in our crypto cards with IBAN guide.
On $500/mo spend, the estimated monthly cost breakdown for Wirex Card is: gas $0.00, conversion spread $5.00, flat/FX fees $0.00, and amortised card/tier fee $0.00, for a total drag of 1% of spend. After $3.00/mo cashback that is still a net cost of about $2.00/mo ($24.00/yr). Wirex Card tops up from a centralized balance, so there is no on-chain gas cost regardless of how often you reload. Figures are conservative estimates and vary with conditions.
Wirex is one of the longest-running crypto cards and works as a multicurrency spending account: you hold crypto and fiat side by side, set which balance gets charged first, and Wirex converts crypto to fiat at the point of sale. It markets 0% on non-domestic purchases and free ATM withdrawals up to €200 a month before a 2% fee applies. It is available across the UK and most EEA markets plus APAC markets including Australia, New Zealand, Hong Kong, and Taiwan, but not the US, Canada, China, Japan, South Korea, or Russia.
The headline 8% is real but heavily gated, and the gates are the point. Wirex has moved to the Wirex One membership model, and its own litepaper now publishes the full table: Base pays 0.5% with no requirement, and 8% requires both a balance of at least $50,000 and WPAY holdings worth at least 10% of that balance. Every tier demands both conditions together, so the rate tracks how much you park with Wirex rather than how much you spend. There is no subscription and no lockup under this model, which is a genuine improvement on the plan-plus-WXT-lock structure it replaced, but the top rate remains a wealth gate rather than an achievable cashback figure for a normal user. Cashback is paid in USD.
The main caution is service reliability rather than card mechanics. Reviewer-documented complaints cluster on account restrictions, verification delays, and slow ticket resolution, and crypto-to-fiat conversion carries a variable spread (shown in-app before you confirm) on top of the marketed 0% FX. It fits a UK or EEA user with a balance parked at Wirex who values the multicurrency wallet and accepts support risk; it is a poor fit for anyone who needs responsive help if an account gets restricted.
Review sentiment on Wirex is mixed, with the recurring complaints being account restrictions, verification delays, and slow ticket resolution [1]. Direct review-platform data could not be verified for this entry (Trustpilot blocked automated access), so no rating figures or individual anecdotes are included.
Sources: [1]
Updated 2026-08-27
Note: TWO PRODUCTS RUN IN PARALLEL (Aug 2026). The tiers recorded here are the Wirex One membership model published in the official Wirex Litepaper (2026-08-27): a five-tier $WPAY membership (Base/Premium/Elite/Private/Bespoke) with no subscription and no lockup. Tier is set by both a minimum portfolio balance and the share of that portfolio held in $WPAY (both conditions must be met), and cashback is valued in USD rather than in tokens. Redemption Power is calculated as WPAY dollar holdings multiplied by 7% per month. ATM allowance runs from $100/mo on Base to unlimited on Bespoke, and FX markup is 0%. Wirex One Metal (Visa Signature) covers the Private and Bespoke tiers. The legacy Wirex app still operates alongside Wirex One with its X-tras plans (Standard 0.5-1% at EUR0-EUR9.99/mo, Premium 1-3%, Elite 4-8% at up to EUR29.99/mo, all WXT lockups 180 days, 8% requiring the Elite plan plus 7.5M WXT locked, ~$55K). REGIONAL CARVE-OUT: crypto features in the Classic Wirex App ended on 30 June 2026 for the EEA and Australia (crypto deposits and withdrawals, crypto exchange, card spending from crypto balances, linking crypto accounts to the card, and with them WXT Cryptoback), leaving a fiat-only card in those regions and directing users to upgrade to Wirex One. Classic Cryptoback is reported to continue in the UK, New Zealand, Hong Kong and Taiwan, though Wirex's own upgrade FAQ describes the migration deadline as covering the EEA, UK and Australia, so UK continuity is not settled. Subscription rebates (Uber One, ChatGPT Plus, Claude Pro, etc.) scale by tier. Which structure applies depends on whether the user is on Wirex One or the legacy Wirex app. Note wirex.com refuses connections while wirexapp.com resolves normally.
Other crypto cards in the same region or category that may suit your spending profile:
The Wirex Card is a crypto debit card offered by Wirex. It is available in 150+ countries and allows users to spend cryptocurrency at merchants worldwide.
The Wirex Card offers 0.5-8% USD cashback. There are 5 tiers: Base (0.5%), Premium (1%), Elite (3%), Private (5%), Bespoke (8%).
The Wirex Card has an annual fee of $0. Additional fees: Conversion fee: ~1%; FX fee: 0%; ATM: Free up to GBP 200 / EUR 200 / SGD 200 per month by region (AUD 400 in Australia), then 2%; Inactivity: $5/mo after 90 days inactive.
Yes. The Wirex Card requires full identity verification (KYC): expect to submit a government-issued ID, and often proof of address, before the card is issued.
The Wirex Card is available in 150+ countries.
The Wirex Card is a debit card. You need to load cryptocurrency onto the card before making purchases.
Yes, the Wirex Card supports Apple Pay and Google Pay for contactless payments.
The Wirex Card is issued by Transact Payments Malta Limited (EEA); Wirex Limited, FRN 902025 (UK). Licences: EMI (Malta Financial Services Authority, EEA); EMI (Financial Conduct Authority, UK).
Yes, the Wirex platform provides a personal IBAN in the user's name. Capabilities: receiving third-party transfers: yes; sending transfers to third parties: yes; transfer limits: EUR 50,000/day (SEPA); GBP 50,000/day (Faster Payments). Virtual IBANs are issued by unnamed third-party providers, not Wirex. Third-party payments are supported on SEPA (EUR) for EEA and UK customers, but GBP Faster Payments rejects third-party payments (first-party only).
UK: traditional currency is safeguarded via a segregated bank account in accordance with Wirex's regulatory obligations (no FSCS coverage). EEA: Transact Payments Malta Limited safeguards funds in accordance with applicable law.
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