Wirex is an all-in-one money trading and financing app that helps you trade and grow your income or assets substantially. It provides a great markup of almost 8% on every transaction and an added perk of 0% fee globally! Not only that, you will earn 16% APR on your crypto. So it is an impressive alternative to banks, especially in the realm of web3. If you’re in need of a futuristic and already successful trading crypto app, then hold on and stay with us as today we will properly examine Wirex promotion and we will keep it concise and information loaded.
Wirex Promotions 2023
From 26th Jan 2023, Wirex has announced its limited-period Multiply Crypto bank reward program. You can still benefit from it. From this promotion, you can win up to 20,000 WXT. Details are as follows:
- Log in or sign up to your Wirex account and go to the Grow section.
- Then tap on the Multiply option.
- The start First Multiply window will pop up, tap on it to proceed.
- You will get 2000 WTX upon opening a first multiply for a minimum fee of $100.
- You can get almost double WTX points if you create five Multiply accounts for a minimum of $100 each. It will get you 20000 WTX!
You will get the reward automatically once they verified the transactions.
Wirex Sign up bonus
You can refer a friend as long as your Wirex account is active. Wirex now allows users to invite friends to join the community – and earn rewards. Earn up to 1000 WXT by sharing your unique Wirex referral link and inviting family and friends. Here is how you can do this:
- In the Dashboard, tap Payments -> Send
- In the Invite Friends section of the “Payments” page, click Share Referral Link.
- Simply copy and paste the link into your preferred instant messaging service, email, or social media platform. Wirex will notify you if your friend registers through this link.
How to redeem the referral program rewards
You and your friend can receive rewards in two stages as a referrer:
- Once your friend purchases $100 in crypto (BTC, LTC, XRP, ETH) using their linked credit/debit card, you’ll receive 500 WXT
- If the same friend makes their first in-store purchase with their contactless Wirex card, they will receive 500 WXT.
- In the app’s X-tras section, you can find your rewards.
How Wirex is better than its competitors?
Wirex is a globally renowned crypto trading app that deals in a wide range of digital assets 250 to be precise. Its one conversion rate allows the easiest cross-chain coin use. Users can also borrow stable coins starting at 0% APR from their credit cards having no conditions of credit check.
Wirex although free gets enough benefits to reap having giving its users 1% crypto back rewards and a free added market benefit. But you can get a lot much if you subscribe to its premium or elite packages where you can get up to 6-8% crypto back annually and an added saving bonus that goes from 6-16% annually and other community perks on the platform. Its elite subscription can also get you up to 20% off your desired currency.
FAQs:
What are the Wirex Multiply fees and limitations?
Every fixed period, you will be charged a rollover fee for Wirex Multiply. The payment allows us to create a Wirex Multiply deal and take advantage of its benefits.
Depending on the multiplier level, Wirex Multiply deals consist of 2-50 loans. Crypto price volatility can be leveraged and leveraged even more with this chain of loans. The collateral value is used to pay for the loan, just like any other loan.
What is Wirex Credit?
Based on the cryptocurrency you hold, Wirex Credit provides you with a credit line in stablecoins. You can unlock the value of your crypto holdings without spending them. You can choose your amount and currency, along with low-interest rates.
Using your cryptocurrency as collateral, you can open a credit line with Wirex that is simple to set up and easy to use. Credit will be deposited into your stablecoin account based on the loan-to-value (LTV) ratio. With your Wirex Card, you can spend your stablecoins, transfer them to another wallet, or use them for X-accounts. Additionally, you can close your credit line any time before the maturity date ends, and you pay interest only on the days when the line was active.
Can I use different currencies as collateral?
Collateral can be provided in the form of ETH, WXT, BTC, YFI, MKR, AAVE, UNI, COMP, LINK, 1INCH, SOL, AVAX, MATIC, DOT, ALGO, ADA, TRX, WXT, XRP, XLM, LTC, DOGE, SHIBA, AXS, APE.
How secure are my funds in Wirex?
Wirex App holds all crypto/stablecoins with Fireblocks, a digital asset custodian with more than $30m in insurance. So it is pretty much an insanely secure system.
Is it necessary to make monthly payments?
Wirex Credit offers complete flexibility. If you borrow stablecoins or add collateral to decrease the LTV, you can repay it at any time. Payments are not fixed on a monthly basis. Just pay the outstanding balance, which is the capital borrowed plus interest accrued, once you’re ready before the 6-month maturity date.
Conclusion
Wirex is a very popular and reliable platform among crypto enthusiasts having more than 5 million worldwide users. Thus it can’t be overruled to argue it has a great share in the crypto market. People have already spent 30 million dollars on collectibles through the platform.