Best Stablecoins
Top rated: USDC 8.5
A stablecoin is a promise about redemption.
4rated →
6.3/10
Crypto Cards
Company file: Wirex, owners, incidents →
Wirex
A decade-old multi-currency card with no recorded loss of user funds. Its new Wirex One membership (public since 16 September 2026) pays cashback valued in USD, up to 8%, with no lock-up, but your tier depends on how much of your portfolio sits in WPAY, Wirex's own token.
Best for: Multi-currency spending with cashback in USD, not in a token
Company file: Wirex, owners, incidents →How this score was reached
6.3 is the weighted average of the five pillar findings below, minus one published deduction. Works, but something here costs you — money, control or certainty.
- Custody & Security25%
- 7.0
- Cost & Fee Transparency25%
- 6.8
- Regulation & Legal Standing20%
- 7.4
- Performance & Reliability15%
- 7.6
- Access & Support15%
- 8.0
Custodial, with a long operating record and no loss of user funds. Fiat balances with Wirex Limited are safeguarded under UK e-money rules; crypto holdings get no equivalent protection. Reserve disclosure is thinner than the leaders.
Clear fee schedule with a competitive FX markup on major currencies. Wirex One tiers depend on the share of your portfolio held in WPAY, and the membership page does not state the thresholds; it points to the litepaper.
Wirex Limited is an FCA-regulated electronic money institution. It withdrew from the FCA cryptoasset register in Mar 2022 and serves UK crypto through Wirex Digital under Croatia's HANFA.
Reliable operation with good multi-currency handling; about £600M across 7M+ transactions in H1 2026.
Wide availability (7M+ users in 130+ countries) with straightforward onboarding.
Deductions applied
- −1.0Undisclosed cost. A material cost of using the service is documented somewhere other than the fee schedule — in the terms, in a help article, or in a condition attached to a reward — where a user pricing the product would not find it.
Strengths
- Cashback valued in USD, up to 8%, with no lock-up
- Competitive FX markup on major currencies
- Over a decade with no recorded loss of user funds
Against it
- Wirex One tier depends on how much WPAY you hold
- WPAY thresholds are in the litepaper, not on the membership page
- Crypto balances are not safeguarded like e-money
USD cashback, WPAY-shaped tiers
Wirex has run for over a decade without a recorded loss of user funds, and its fiat balances with Wirex Limited, an FCA-regulated e-money institution, are safeguarded. FX on major currencies is competitive. Crypto holdings get no equivalent protection.
Wirex One, public since 16 Sep 2026, pays cashback valued in USD, up to 8%, with no lock-up. But your tier depends on the share of your portfolio held in WPAY, Wirex’s own token, and the membership page does not state the thresholds; it points to the litepaper. That is the trade-off Wirex used to be the alternative to, and it carries our undisclosed-cost penalty.
Frequently asked questions
Does Wirex require holding a token for rewards?+
For higher Wirex One tiers, yes: the tier depends on how much WPAY you hold relative to your Wirex One portfolio. There is no lock-up, and cashback is valued in USD rather than paid in a volatile token.
What is the FX markup on Wirex?+
Competitive on major currencies and published in the fee schedule. It is the number that decides the real cost of a crypto card, and it is worth checking against your bank before switching.
Is Wirex safe?+
A long operating record with no loss of user funds. Fiat balances are safeguarded under UK e-money rules, which protects them in an insolvency but is not deposit insurance. Since 2022 UK crypto services run through Wirex Digital in Croatia.
Assessed by
Blockchain Security Researcher · September 27, 2026
◆ Disclosure
CoinRadar Daily is a non-commercial project. We have no commercial relationship with Wirex, earn nothing from any link on this page, and carry no advertising or sponsorship anywhere on the site. Findings rest on public sources; we did not open an account or transact.
Rubric v2.0How we score →
The rest of the crypto cards table
- 04Wirex — you are hereMulti-currency spending with cashback in USD, not in a token6.3
Related tables
How we score →Independent, rubric-scored tables for the services behind this story.
Best Crypto Wallets
Top rated: Rabby 8.3
Software wallets for everyday use.
5rated →
Best Crypto Exchanges
Top rated: Kraken 8.4
Centralised venues that hold your funds while you trade.
6rated →