Wirex Multicurrency Card:
12 years of history, an 8% rate almost nobody reaches.
We tore apart Wirex's multicurrency Visa/Mastercard across seven weighted categories; from genuine 0% FX savings and one of the longest track records in this series to a headline cashback rate that requires locking $55,000 in a proprietary token, and a major regional shutdown still unfolding; and landed on a score the marketing page won't show you.
Our take, up front: Wirex has been doing this longer than anyone else in this series, since 2014, with genuine 0% FX fees and multicurrency depth (150+ fiat and crypto currencies) that make it a real, useful travel tool. But the headline "up to 8% cashback" is one of the most misleading numbers in this entire series: reaching it requires an Elite subscription at €29.99/month plus locking 7.5 million WXT, worth roughly $55,000, for 180 days. Multiple independent reviewers explicitly call this "unreachable for most users" and recommend treating it as a loyalty rate for existing whales, not an achievable figure. The free tier realistically pays just 0.5%. Layer on a major, still-unfolding regional disruption, EEA and Australian users lost crypto functionality entirely as of June 30, 2026, and this is a card whose real strengths (longevity, FX savings, currency breadth) sit uncomfortably next to some of the most overstated marketing we've found in this series. We weighted all of it below.
This is a fully custodial card; balances sit with Wirex, not in a wallet the user controls. Wirex Limited is authorized by the UK's FCA as an Electronic Money Institution, with regional entities handling other markets: Transact Payments Malta Limited for the EEA Mastercard, Wirex Pte Ltd for Singapore/APAC, and Wirex UAB in Lithuania as EEA program manager. The company has operated continuously since 2014, longer than any other issuer in this series, with no major disclosed hack or fund-loss incident found in our research.
Pros
- Continuous operating history since 2014, the longest track record of any card in this series
- UK FCA-authorized EMI, with additional regional licenses across the markets it serves
- No major disclosed hack or fund-loss incident found
Cons
- Fully custodial; balances sit with Wirex, not a self-custodied wallet
- Regulatory structure is genuinely fragmented across multiple regional entities
- Documented, recurring complaints about account restrictions add a real security-adjacent concern
The free Standard tier pays a realistic 0.5% Cryptoback in WXT. Higher rates require a genuinely complex two-dimensional structure: a paid subscription (Premium at €9.99/month for 1-3%, or Elite at €29.99/month for 4-8%) combined with locking WXT for 180 days, with the tier you land in depending on both. The advertised 8% ceiling specifically requires Elite plus locking 7.5 million WXT, worth roughly $55,000 at typical valuations.
Pros
- The free tier requires no subscription to earn a base 0.5% rate
- Cashback rates are clearly published across every tier, not hidden
Cons
- The 8% headline rate requires a $55,000 WXT lockup, explicitly called "unreachable" by multiple independent reviewers
- Realistic free-tier rate (0.5%) is among the lowest base rates of any card in this series that pays cashback at all
- EEA and Australian users currently earn no Cryptoback at all following the June 2026 crypto shutdown
0% FX fees are genuinely real and consistently cited as the card's strongest single feature; one independently sourced user testimonial describes saving over $50/month compared to their bank's 2.5% FX charge. Virtual card issuance is free; physical cards cost roughly €5-10 plus shipping. ATM withdrawals are free up to €200/month, then a percentage fee applies. The subscription tiers (up to €29.99/month for Elite) are real, recurring costs for anyone chasing higher cashback, and crypto-to-fiat conversion carries a variable spread shown in-app on top of the marketed 0% FX.
Pros
- 0% FX fees, genuinely real and independently verified through user experience
- Free virtual card issuance; low-cost physical card option
- Free ATM withdrawals up to €200/month
Cons
- Subscription tiers up to €29.99/month are real, recurring costs for meaningful cashback
- Crypto-to-fiat conversion carries a variable spread beyond the marketed 0% FX
- ATM fees apply in full once the monthly free allowance is used
Wirex claims 150+ countries overall, but that figure now overstates what matters most for a crypto card review: actual crypto functionality (Cryptoback, crypto funding and spending) is currently limited to the UK, New Zealand, Hong Kong, and Taiwan following the June 2026 EEA and Australia shutdown. US and Canadian residents cannot open the card at all, an unusually broad exclusion covering two major markets rather than just one.
Pros
- Broad fiat-currency and travel functionality even where crypto features aren't available
- No credit check required; this is a funded debit-style card
Cons
- Actual crypto functionality is now limited to just four markets (UK, New Zealand, Hong Kong, Taiwan)
- Both the US and Canada are explicitly excluded, a broader exclusion than most cards in this series
- The widely quoted "150+ countries" figure no longer reflects where crypto features actually work
Wirex's real differentiator is fiat-currency depth, not crypto-asset breadth: named support for EUR, GBP, CAD, USD, CZK, HUF, PLN, RON, and HRK alongside 150+ supported cryptocurrencies, genuinely useful for a multi-country traveler managing several currencies in one place. Wirex Credit (stablecoin loans against BTC/ETH) and X-Accounts (yield tools) extend the product beyond the card itself, though X-Accounts rates are described only vaguely as depending on plan, asset, and region. A recent partnership with Ultra Stellar (the LOBSTR/StellarX team) signals Wirex is positioning itself as broader payments infrastructure.
Pros
- Genuinely broad named fiat-currency support, a real differentiator for frequent travelers
- 150+ supported cryptocurrencies for funding and conversion
- Additional product lines (Wirex Credit, X-Accounts) extend beyond the card itself
Cons
- X-Accounts yield terms are vaguely described and depend on plan, asset, and region
- Crypto-specific ecosystem depth is directly undercut by the June 2026 EEA/Australia shutdown
Wirex has over a decade of product maturity behind its app, having launched one of the first crypto-enabled Visa debit cards back in 2015. Virtual card issuance is free and instant. Full KYC is required for onboarding. A genuine, recurring theme across independent reviews is verification delays during onboarding, a specific, repeated complaint rather than a vague one. We did not find an independently cited app-store rating in our research despite the card's large (6 million-plus) user base.
Pros
- Over a decade of product maturity as one of the earliest crypto-enabled cards
- Free, instant virtual card issuance
Cons
- Verification delays during onboarding are a specific, recurring documented complaint
- No independently cited app-store rating found despite a large user base
Independent reviewers describe a specific, recurring complaint pattern: account restrictions, verification delays, and slow ticket resolution, not vague dissatisfaction but a named, repeated set of issues. We couldn't verify an aggregate Trustpilot rating for this review; automated access to the platform's review data was blocked at the time of research, so we're not citing a number we can't confirm. The June 2026 EEA/Australia shutdown itself, while communicated, left affected users with an undisclosed replacement product months later, a real mark against how this transition has been handled.
Pros
- Over a decade of operating history without a full platform failure or fund freeze event
- The EEA/Australia shutdown was communicated in advance rather than happening without notice
Cons
- Specific, recurring documented complaints about account restrictions and verification delays
- Wirex One's replacement cashback terms remain undisclosed months after the shutdown affecting EEA/Australia users
- We could not independently verify an aggregate customer review rating for this card
Confirm your region's actual crypto functionality before applying.
If you're in the UK, New Zealand, Hong Kong, or Taiwan, Classic Cryptoback still works as described below. If you're in the EEA or Australia, crypto features are gone from the Classic app; check Wirex One's current terms directly before assuming the rates in this review apply to you.
Genuine longevity and real FX savings, wrapped around one of this series' most overstated headline numbers.
Wirex earns real credit for what it's actually good at: over a decade of continuous operation, genuinely verified 0% FX savings, and a multicurrency depth that's hard to match for frequent travelers. But "up to 8% cashback" doing so much marketing work while requiring a $55,000 token lockup to actually reach is the kind of gap this series exists to flag, and multiple independent reviewers reached the same conclusion we did. Combine that with a major, still-unresolved regional shutdown affecting EEA and Australian users, and a specific, recurring support complaint pattern, and this lands as a card whose genuine strengths are real but consistently oversold next to its actual, current limitations.
The scorecard above is deliberately general. Whether the Wirex Multicurrency Card is right for you depends heavily on which of these you already are.
The UK, NZ, HK, or Taiwan resident who travels frequently
You're in a market where Classic Cryptoback still fully operates, and the genuine 0% FX savings matter more to your spending pattern than chasing a high cashback tier.
The multi-currency traveler who values simplicity over rewards
You want to hold and spend several fiat currencies without conversion fees, and you're comfortable treating any Cryptoback as a minor bonus rather than a core reason to use the card.
The existing large WXT holder
If you already hold enough WXT to comfortably lock 7.5 million tokens, the 8% rate becomes a genuinely reachable loyalty benefit rather than an aspirational marketing number.
EEA/Australian users seeking crypto features, or anyone chasing the 8% headline
Crypto functionality is gone from the Classic app in the EEA and Australia, and reaching 8% elsewhere requires a $55,000 token lockup most readers of this review simply won't clear.
The scorecard covers the headline judgment calls. These four tables cover the specifics we didn't want to bury in prose; the full cashback tier matrix, Classic Wirex versus the newer Wirex One, the fee schedule, and how this card compares against every other card we've reviewed in this series.
Cashback tier matrix (Classic, supported regions only)
| Plan | Monthly cost | Cashback range | Top rate requirement |
|---|---|---|---|
| Standard | Free | 0.5% – 1% | 1% requires a WXT lockup |
| Premium | €9.99 | 1% – 3% | 3% requires subscription + WXT lockup |
| Elite | €29.99 | 4% – 8% | 8% requires subscription + locking 7.5M WXT (~$55,000) |
Every rate above the free-tier baseline requires some combination of a paid subscription and a WXT lockup; there is no way to reach the higher rates through spending alone. This table applies only in regions where Classic Cryptoback still operates (UK, New Zealand, Hong Kong, Taiwan).
Classic Wirex vs. Wirex One
| Classic Wirex | Wirex One | |
|---|---|---|
| Crypto functionality | Fully operational in UK, NZ, HK, Taiwan | The only option in the EEA and Australia as of June 30, 2026 |
| Cashback structure | 0.5%-8% WXT via subscription + lockup tiers | 5 USD-valued tiers; exact rates undisclosed |
| Payout asset | WXT | Undisclosed as of this review |
If you're in the EEA or Australia, none of the Classic cashback figures in this review apply to you; confirm Wirex One's current terms directly before assuming anything based on the legacy product.
Fee schedule
| Fee | Amount |
|---|---|
| FX fee | 0% |
| Virtual card issuance | Free |
| Physical card issuance | ~€5-10 plus shipping |
| ATM withdrawal | Free up to €200/month, then a percentage fee |
| Subscription (Premium / Elite) | €9.99 / €29.99 per month |
| Crypto-to-fiat conversion | Variable spread, shown in-app before confirming |
The 0% FX fee is real and independently verified, but it's not the complete cost picture once the variable conversion spread and subscription tiers are factored in.
How it compares to the other cards we've reviewed
| Card | Realistic reward rate | Custody model | Operating since | Region (crypto features) |
|---|---|---|---|---|
| Wirex Multicurrency Card | ~0.5%, "8%" headline requires $55,000 lockup | Custodial | 2014 | UK, NZ, HK, Taiwan only |
| Holyheld Card | 0.5%-1% USDC | Non-custodial, wallet-linked | 2023 | 30 EEA countries |
| Nexo Card | 0.5%-2% NEXO/BTC | Custodial | 2018 (platform) | EEA, UK, CH, Andorra |
| Bybit Card | 2%-10% USDT | Custodial, tiered | 2018 (exchange) | EEA, CH, AU, LatAm, AIFC |
| Crypto.com Visa | 0%-8% CRO | Custodial; CRO staking drives tiers | 2016 | 90+ countries (US excl. NY) |
Wirex has the longest operating history of any card in this series, but also one of the widest documented gaps between its headline reward rate and what a realistic user actually earns, a pattern independent reviewers flagged well before we did.
We don't just want to hand you our number; we want to show you how it sits next to what other review desks and comparison sites have published. Several outlets covering Wirex are unusually critical for this kind of comparison, which shows up in the average below. No source we found publishes a clean numeric star rating, so every entry is our conversion of that outlet's published verdict, clearly flagged as an estimate.
Our score lands modestly below the aggregated industry average, though notably, that average itself is already lower than most other cards in this series; several independent outlets are unusually direct about the gap between the 8% headline and 0.5% reality. We weight the recent, still-unresolved EEA/Australia disruption a bit more heavily than most outlets, who tend to treat it as a regional footnote rather than a core scoring factor.
| Source | Score | Type |
|---|
Scores compiled by our editorial team from publicly available reviews as of August 2026. "Editorial estimate" means the outlet didn't publish a single numeric score, so we converted their published verdict and sentiment into a comparable 100-point figure. Verify current figures directly with each source before citing them elsewhere.
On June 30, 2026, Wirex shut down crypto funding, exchange, spending, and Cryptoback within the Classic Wirex app for users in the EEA and Australia. Those users are left with a fiat-only card unless they migrate to Wirex One, whose cashback rates and payout asset remain undisclosed as of this review.
It exists, but it's not realistically achievable for most users. Reaching it requires an Elite subscription (€29.99/month) plus locking 7.5 million WXT, worth roughly $55,000, for 180 days. Multiple independent reviewers explicitly recommend treating it as a loyalty rate for existing large WXT holders, not an achievable figure for a typical cardholder.
0.5% Cryptoback in WXT, a volatile token whose fiat value shifts after you receive it. Some users report converting WXT rewards to stable currency immediately rather than holding it long-term.
Yes, and this is one of the card's genuinely strong points. One independently sourced user testimonial describes saving over $50/month compared to their bank's 2.5% FX fee. Just note that a separate, variable crypto-to-fiat conversion spread still applies on top of the 0% FX rate.
No. Both the US and Canada are explicitly excluded, a broader exclusion than most cards in this series, which typically only exclude the US.
We couldn't verify one for this review; automated access to the platform's review data was blocked at the time of research. Independent reviewers do describe a recurring pattern of complaints around account restrictions, verification delays, and slow ticket resolution.
Since 2014, founded by Pavel Matveev and Dmitry Lazarichev, launching one of the first crypto-enabled Visa debit cards in 2015. That's the longest continuous operating history of any card in this series.
Wirex Credit offers stablecoin loans backed by BTC or ETH, with terms and availability varying by region. X-Accounts are yield tools marketed with high headline rates, though the real terms depend on your plan, the asset, and your region, a real transparency gap worth confirming directly before relying on any advertised figure.
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