Wirex review & 17 testimonials for wirexapp.com (01.2021)

What is Wirex in a nutshell? It's a trusted, respectable, well established, promising exchange service (e-wallet) supporting 6 cryptocurrencies: you can buy and sell coins using 8 fiat currencies (4 banks & payment systems are supported) or exchange one crypto into another here. Exchange service started the business Nov 2014, it's a fully compliant, licensed financial company. Besides the cryptocurrencies exchange, Wirex also provides other services, for example, Mobile wallet, ATM Cards, Fiat to Fiat Currencies Trading & Exchange.

This service works with a number of currencies, banks, and payment systems. Hence to estimate the fees level we calculated an average fee you'll spend for an exchange here. Based on this number (1.0%) we may say that Wirex charges low fees: 1.0% (according to our statistics, 80% exchanges take higher average fee) and has great buying limits: $5 — $5,000 (in accordance with the statistics we've collected, 70% exchanges allow lower limits for orders). This e-wallet welcomes customers from 47 countries (unfortunately, your country: United States is not supported at the moment; but there are good alternatives). Due to regulatory restrictions, US citizens and residents are not served by the exchange. According to the feedback from users, customer service is exceptional, 5 stars quality; the exchange is always instant! or so. You will have to verify your account (ID Verification, Phone Number Confirmation, Selfie should be normally required) before being able to use the service.

Since 2014, Wirex has got a lot of nice testimonials from the customers: just our platform, already has 17 user reviews, 94% of those are positive. The majority of the users value the quality of the customer care, fast order processing, although blame the delays with the account verification, most of all. Our platform assigns the Wirex 99/100 rating: it's the great result, higher than 99% of the competition! For example, TransCoin and Quickex are ranked below, although Coinbase (100/100) has better rank among our community members.

Wirex has being assigned the special status: The second best e-wallet worldwide! What does that mean? Our platform ranks all the exchanges basing on a number of factors: business model, licenses, time in the business, customers' testimonials, complaints (if any), etc. Then we compare all the leaders in each category (like e-wallet) to determine who's the best-of-the-best. Hence, we are pleased to say that Wirex is among those ones!

Based on all these facts, our verdict is the following: Wirex is a 100% legit and perfectly safe place to buy and sell cryptocurrencies, almost an ideal exchange with great feedback we can recommend to our dear visitors!

Overview: is Wirex safe?

Wirex is the e-wallet; Wirex Pte Ltd (dba Wirex) started the business in November 2014. The company is based in the Singapore with the headquarters located in the Singapore. Official Wirex address is 36, Robinson Road, #02-106, 068877. The firm is a licensed MSB, regulated by the Financial Conduct Authority (UK); it holds the E-money Institution license. Wirex is registered with the FINCEN: registration number 31000133646433.

Wirex was founded by Dmitry Lazarichev. Almoayed Ventures, Crowdcube, SBI Group are among the lead investors. Wirex CEO is Pavel Matveev; other notable people are holding various positions in firm, for example Michael Moore (COO), Martin Best (CMO), Dominique Simon (Global General Counsel), Harold Montgomery (Managing Director USA), Amy Barker (Global Head of People).

The Singaporean entity Wirex Pte Ltd (UEN 201731976E) is subject to the Payments Services Act 2019 and is currently operating under an exemption provided by the Monetary Authority of Singapore. Other Wirex entities are licensed in a few jurisdictions: Wirex Limited (UK) is authorized by the Financial Conduct Authority as an e-money institution (902025). Wirex Canada is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Service Business (MSB) operating with registration number M18946201. Wirex USA is a registered MSB with the Financial Crimes Enforcement Network (FinCEN) for money transmission with registration number 31000133646433.

Wirex positions itself as a hybrid personal banking solution that integrates the benefits of blockchain technology into everyday finances. Wirex is a "big player" in the crypto-market. The group has subsidiaries in a number of countries; has licenses with 3 different financial authorities, etc. The platform is PCI DSS Level 1-certified, providing the customers with the highest level of protection possible.

Besides an Exchange and the Card, there are other interesting features: own token (WXT) that gives the holders up to 100% discount on fees (exchange, top-ups, withdrawals, card management, ATM fees, etc. Last but not least, there's a feature named Cryptoback™ — the world’s first reward program that pays out in Bitcoin. You may get up to 1.5% cashback in Bitcoin on all the purchases, transforming your Visa card into a real BTC generator. Stacking sats was never so easy!

Answering the question how safe is Wirex:

Wirex is definitely safe! 99/100 rating is rather hard to get, 99% exchanges have lower rating! Let's break down how the Wirex exchange got such a rating.

Time in the business: 6 years 3 months

Feedback count: 17

Reviews: 16 positive, 0 negative, 1 neutral

Business model: licensed, fully compliant

Order Speed: instant

Support Quality: perfect

Verification Speed: slow (few days)

UI Usability: average

Overall rating for Wirex: 99 / 100

exchange @ Wirex!

Pros & Cons of Wirex

Since Wirex is rated very highly by our visitors, it should have a lot of strong sides and just a few downsides. Let's check it out:

Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at Wirex! Try Wirex today and let us know how you like it!

Services, Wirex Provides

The platform provides the following cryptocurrency exchange-related services:

• Allows the customers to buy cryptocurrencies with fiat currencies
• Provides the clients with ways to "cash out" the crypto to fiat currency
• Helps you to exchange one crypto to another
• Provides mobile wallet software for iPhone, Android and other phones
• Issues ATM cards (debit cards) you can load with coins to shop with cryptocurrency, etc.
• Fiat to Fiat currencies exchange and trading: EUR/USD and others

That's impressive number of features! According to our statistics, 100% of the competition provide less services, many just allow the buying and selling, so this e-wallet is among the champions in this field!

Currencies & Payment Systems

Wirex provides the service of buying and selling and exchanging 6 digital currencies using fiat currencies and crypto. Besides the fiat-to-crypto conversion and vice versa, it also allows to exchange one cryptocurrency to another. The following cryptocurrencies are available to buy-sell-swap: Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Waves (WAVES), Stellar (XLM), Ripple (XRP).

If you are not sure, which one of these electronic currencies you are most interested in, you are welcome to read our guides. For example, these: Cryptocurrencies backed by assets to invest in 2021.

8 fiat currencies are supported to provide crypto purchase and selling: Canadian Dollar (CAD), Czech Republic Koruna (CZK), Euro (EUR), Pound Sterling (GBP), Croatian Kuna (HRK), Hungarian Forint (HUF), Romanian Leu (RON), US Dollar (USD). The e-wallet will let you buy and sell Bitcoins and 5 other cryptos using the following payment systems:

• Visa & Mastercard. An international payment system (available worldwide) allowing credit/debit cards payments in various currencies. GBP, HUF, RON, CZK, CAD, EUR, USD and HRK payments are available for purchasing cryptos at the exchange. Visa & Mastercard is a popular way to buy BTC and other cryptocurrencies available at 20 exchanges of various types. You are welcome to find the best rate for buying bitcoin with visa & mastercard at our home page!
• SEPA Transfer. An international payment system (it's available in 46 countries) allowing international bank transfers payments in Euro currency. Just the EUR payments are available for both buying and selling cryptocurrencies at this exchange.
• SWIFT Transfer. An international payment system (available worldwide) allowing international bank transfers payments in various currencies. GBP, HUF, RON, CZK, CAD, EUR, USD and HRK payments are available for both buying and selling cryptocurrencies at this exchange.
• Faster Payments. A local bank (serving United Kingdom) in Pound Sterling currency. Just the GBP payments are available for both buying and selling cryptocurrencies at this exchange.

Wirex fees

The fees you need to pay at this e-wallet during the process of buying and selling cryptocurrencies are easier to understand if you break it down like that (note that you can skip the details, jumping to the conclusion):

1. Deposit/withdrawal fee. Depending on the fiat payment system and currency, it's as follows:
   • Commission for the money withdrawal to Faster Payments in Pound Sterling: 0%
   • 0% to deposit funds by Faster Payments in Pound Sterling.
   • Commission for the money withdrawal to SEPA Transfer in Euro: 0%
   • 0% to deposit funds by SEPA Transfer in Euro.
   • Commission for the money withdrawal to SWIFT Transfer in Croatian Kuna: USD 15 flat fee
   • Commission for the money withdrawal to SWIFT Transfer in Canadian Dollar: USD 15 flat fee
   • 0% to deposit funds by SWIFT Transfer in Czech Republic Koruna.
   • Commission for the money withdrawal to SWIFT Transfer in Czech Republic Koruna: USD 15 flat fee
   • 0% to deposit funds by SWIFT Transfer in Hungarian Forint.
   • Commission for the money withdrawal to SWIFT Transfer in Hungarian Forint: USD 15 flat fee
   • 0% to deposit funds by SWIFT Transfer in Romanian Leu.
   • Commission for the money withdrawal to SWIFT Transfer in Romanian Leu: USD 15 flat fee
   • 0% to deposit funds by SWIFT Transfer in Croatian Kuna.
   • 0% to deposit funds by SWIFT Transfer in Pound Sterling.
   • 0% to deposit funds by SWIFT Transfer in Euro.
   • 0% to deposit funds by SWIFT Transfer in US Dollar.
   • Commission for the money withdrawal to SWIFT Transfer in Pound Sterling: £12.0 flat fee
   • Commission for the money withdrawal to SWIFT Transfer in Euro: €13.0 flat fee
   • Commission for the money withdrawal to SWIFT Transfer in US Dollar: $15.0 flat fee
   • 0% to deposit funds by SWIFT Transfer in Canadian Dollar.
   • 1.0% to deposit funds by Visa & Mastercard in Pound Sterling.
   • 1.0% to deposit funds by Visa & Mastercard in Euro.
   • 1.0% to deposit funds by Visa & Mastercard in Canadian Dollar.
   • 1.0% to deposit funds by Visa & Mastercard in Hungarian Forint.
   • 1.0% to deposit funds by Visa & Mastercard in Croatian Kuna.
   • 1.0% to deposit funds by Visa & Mastercard in Czech Republic Koruna.
   • 1.0% to deposit funds by Visa & Mastercard in US Dollar.
   • 1.0% to deposit funds by Visa & Mastercard in Romanian Leu.
2. Cryptocurrency withdrawal fee. Please note that this fee applies only when you transfer the crypto out of this wallet: to the third party, etc.
   • 0 BTC: great news! at the moment there is no such a fee!

Are Wirex fees high or low?

Now it's time to draw a conclusion: considering the average fee the exchange changes for an operation we can state that Wirex takes very low fees! According to our statistics, the majority of the competition charge way more than Wirex does! The exact rate depends on the Bank or Payment System choice. For example, an average fee you pay to buy Bitcoin with Visa & Mastercard in USD across various exchange brokers, trading platforms, p2p marketplaces and e-wallets is 14%, Wirex charges 1.0% for this. A nice opportunity and as you can see, the fee is low enough!

Buying and selling limits

This e-wallet has the following limits, applicable when you buy or sell cryptocurrencies (there are no limits on crypto-to-crypto swaps):

1. Purchase limits (when you buy crypto).
   • GBP 16,000 max purchase when using Faster Payments in Pound Sterling.
   • USD 50,000 max purchase when using SWIFT Transfer in Czech Republic Koruna.
   • USD 50,000 max purchase when using SWIFT Transfer in Hungarian Forint.
   • USD 50,000 max purchase when using SWIFT Transfer in Romanian Leu.
   • USD 50,000 max purchase when using SWIFT Transfer in Croatian Kuna.
   • £50,000 max purchase when using SWIFT Transfer in Pound Sterling.
   • €50,000 max purchase when using SWIFT Transfer in Euro.
   • $50,000 max purchase when using SWIFT Transfer in US Dollar.
   • USD 50,000 max purchase when using SWIFT Transfer in Canadian Dollar.
   • £5 minimal buy and £5,000 max purchase when using Visa & Mastercard in Pound Sterling.
   • €5 minimal buy and €5,000 max purchase when using Visa & Mastercard in Euro.
   • USD 50 minimal buy and USD 5,000 max purchase when using Visa & Mastercard in Canadian Dollar.
   • USD 50 minimal buy and USD 5,000 max purchase when using Visa & Mastercard in Hungarian Forint.
   • USD 50 minimal buy and USD 5,000 max purchase when using Visa & Mastercard in Croatian Kuna.
   • USD 50 minimal buy and USD 5,000 max purchase when using Visa & Mastercard in Czech Republic Koruna.
   • $5 minimal buy and $5,000 max purchase when using Visa & Mastercard in US Dollar.
   • USD 50 minimal buy and USD 5,000 max purchase when using Visa & Mastercard in Romanian Leu.
2. Withdrawal limits (when you out-exchange crypto to the fiat money).
   • GBP 16,000 maximal withdrawal when receiving money to Faster Payments in Pound Sterling.
   • USD 50,000 maximal withdrawal when receiving money to SWIFT Transfer in Croatian Kuna.
   • USD 50,000 maximal withdrawal when receiving money to SWIFT Transfer in Canadian Dollar.
   • USD 50,000 maximal withdrawal when receiving money to SWIFT Transfer in Czech Republic Koruna.
   • USD 50,000 maximal withdrawal when receiving money to SWIFT Transfer in Hungarian Forint.
   • USD 50,000 maximal withdrawal when receiving money to SWIFT Transfer in Romanian Leu.

And the good news: there are no limits on other payment systems (the limitations the payment system has aside) Wirex supports! Comparing to other exchanges, Wirex has a very convenient buying/selling limits setup; the minimal amount is tiny and the max is high. Whatever amount you have in mind, you can exchange it at this e-wallet!

Supported countries

Platform allows the users from 47 countries to use the exchange. The following countries are supported by the e-wallet:

• Australia (AU)
• Austria (AT)
• Belgium (BE)
• Bulgaria (BG)
• Croatia (HR)
• Cyprus (CY)
• Czech Republic (CZ)
• Denmark (DK)
• Estonia (EE)
• Faroe Islands (FO)
• Finland (FI)
• France (FR)
• Germany (DE)
• Gibraltar (GI)
• Greece (GR)
• Guernsey (GG)
• Hong Kong SAR China (HK)
• Hungary (HU)
• Iceland (IS)
• Ireland (IE)
• Isle of Man (IM)
• Italy (IT)
• Jersey (JE)
• Latvia (LV)
• Liechtenstein (LI)
• Lithuania (LT)
• Luxembourg (LU)
• Malta (MT)
• Monaco (MC)
• Montenegro (ME)
• Netherlands (NL)
• New Zealand (NZ)
• Norway (NO)
• Philippines (PH)
• Poland (PL)
• Portugal (PT)
• Romania (RO)
• Russia (RU)
• Singapore (SG)
• Slovakia (SK)
• Slovenia (SI)
• South Korea (KR)
• Spain (ES)
• Sweden (SE)
• Taiwan (TW)
• Thailand (TH)
• United Kingdom (GB)
Show all supported countries

Does Wirex allow the users from United States (US)?

Sorry, but the Wirex can't provide the services to the citizens and residents of the United States of America at this time, due to the local regulations and licensing matters, etc. But there are no reasons to get disappointed because of that, there are plenty of great exchanges as well as the ones of e-wallet type, who warmly welcomes the American people! We can recommend you to look at these:

• Coinbase

Customer service

According to the community and the exchange users' testimonials, Wirex provides an excellent, exceptional quality customers support! The analysis of reviews is the following:

Verification at Wirex

The e-wallet requires it's clients to pass through obligatory user identification (account verification). The following procedures should be completed before the client will be able to buy and sell on the exchange:

• ID verification
• Phone confirmation
• Selfie

According to the data submitted by the customers with the reviews and testimonials, the average time the account verification takes is no less than a couple of days. The feedback is the following:

Looks like this exchange is among the slowest ones in the field. But remember, you have to pass through the user identification only once!

Deposit/withdrawal speed

Although the exchange process is fully automated on any e-wallet or trading platform, you may face some delay when you send the money "outside", i.e. say you are withdrawing the BTC you purchased to your personal wallet. Let's see what other cryptocurrency enthusiasts say about how fast is Wirex!

Is Wirex instant?

So, what can we see? According to the feedback we got from other users of this e-wallet worldwide, Wirex is instant: money arrives right after you order it all the time. That's great to know!

Customers' testimonials

Our users left 17 testimonials about their experience dealing with Wirex, 94% of the testimonials are positive, 6% are neutral and there are 0 negative ones. Feel free to read as many of these as you like!

Although the user reviews of Wirex are not the best-of-the-best, 94% positive ones is definitely a good result! Most likely, your experience doing business with this e-wallet will be worthwhile, and who knows, maybe it will turn out that for you this exchange is #1!

FAQ about Wirex

Wirex vs other exchanges

Let's compare Wirex to other similar exchange services with similar features: others of e-wallet type mostly. Besides, seems reasonable to compare the platform with the exchanges having similar rating and serving (mostly) the same geographic, etc. Remember that if you wish to find the exchange offering the best price to buy/sell Bitcoin and 33 other cryptos, check the best rates to buy bitcoin and crypto in United States!

Wirex vs CEX

Let's compare the key features of these two platforms to see which one suits you best:

our detailed review of CEX

• CEX is a trading platform Wirex is an e-wallet, it has a different business model (feel free to read about the differences between trading platform and e-wallet)
• CEX had started the business July 2014 Wirex started the business November 2014 (CEX is working for 4 months longer time).
• CEX has all the required business licenses and permissions Wirex has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
• Besides buying, selling and exchanging cryptocurrencies, CEX provides the following extra services: Margin Trading Wirex provides more exchange-related services: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens, and besides that: Mobile wallet, ATM Cards and the Fiat to Fiat Currencies Trading & Exchange.
• CEX supports 16 cryptocurrencies Wirex allows to exchange 6 cryptos (Wirex supports 10 cryptocurrencies less).
• 4 fiat currencies are available at CEX You'll be able to use 8 fiat currencies to swap with digital ones at Wirex (Wirex supports 4 fiat currencies more).
• CEX accepts deposits from and allows withdrawals to 4 fiat payment systems / banks Wirex allows the user to utilize 4 various fiat payment systems and/or banks (Wirex & CEX support the same number of banks and payment systems).
• CEX charges 1.0% — 5.0% fee Wirex charges the client 1.0% fee, depending on the currency, payment system, etc. (Wirex & CEX charge the customer with the equal fee level, more or less).
• Buying limits at CEX start from $1,000 and are up to $5,000 Deposit/withdraw limits at Wirex are $5 — $5,000 depending on the payment method (Wirex & CEX have more or less the same buying/selling limits).
• CEX allows registrations from 224 countries; United States is among the supported ones You may register at Wirex if you reside in one of 47 countries; unfortunately, United States is not among the supported ones (Wirex supports less countries).
• Our visitors rated customer care at the CEX 4.444444444444445 / 5.0 Customers' service at Wirex exchange was rated 5.0 / 5.0 by our visitors (Wirex support team got better rating from our customers
• During the account verification CEX usually asks for 3 documents and/or procedures: (id verification, phone confirmation, selfie) and it takes no less than a couple of days in most of the cases User identification at Wirex usually consists of 3 different procedures: id verification, phone confirmation, selfie and the process usually takes no less than a couple of days (Wirex 's KYC policy requires the customer to take less actions or to provide less data).
• Due to results of community feedback, CEX process deposit/withdrawal orders in about about 5-15 mins (although the exchange is instant) Due to results of community feedback, Wirex process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay; everything is automated (Wirex processes deposits and withdrawals faster
• Our users left 22 testimonials about CEX, 100% of which are positive We've collected 17 users testimonials about Wirex, 94% are positive (Wirex was rated lower by the community).

Although the final decision, which exchange — CEX or Wirex — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although Wirex has a lower total rating 99 vs CEX with 100, we recommend you to look at the list above and decide, what is most important for you!

try CEX

or

exchange @ Wirex!

If you feel like need more comparison versus other exchanges, feel free to check these:

• Wirex vs CEX
• Wirex vs BitMyMoney
• Wirex vs TransCoin
• Wirex vs Quickex
• Wirex vs Coinbase

Wirex vs BitMyMoney

Let's compare the key features of these two platforms to see which one suits you best:

our detailed review of BitMyMoney

• BitMyMoney is a e-wallet Wirex is an e-wallet, both are using the same business model.
• BitMyMoney had started the business May 2013 Wirex started the business November 2014 (BitMyMoney is working for 1 years and 6 months longer time).
• BitMyMoney has all the required business licenses and permissions Wirex has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
• Besides buying and selling cryptocurrencies, BitMyMoney provides the following extra services: Mobile wallet Wirex provides more exchange-related services: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens, and besides that: Mobile wallet, ATM Cards and the Fiat to Fiat Currencies Trading & Exchange.
• BitMyMoney supports 3 cryptocurrencies Wirex allows to exchange 6 cryptos (Wirex supports 3 cryptocurrencies more).
• 1 fiat currencies are available at BitMyMoney You'll be able to use 8 fiat currencies to swap with digital ones at Wirex (Wirex supports 7 fiat currencies more).
• BitMyMoney accepts deposits from and allows withdrawals to 3 fiat payment systems / banks Wirex allows the user to utilize 4 various fiat payment systems and/or banks (Wirex supports 1 fiat payment systems and banks more).
• BitMyMoney charges 0.0% fee Wirex charges the client 1.0% fee, depending on the currency, payment system, etc. (Wirex has higher fees, generally).
• Buying limits at BitMyMoney start from $12 and are up to $6,021 Deposit/withdraw limits at Wirex are $5 — $5,000 depending on the payment method (Wirex has higher buying/selling limits).
• BitMyMoney allows registrations from 46 countries; we are sorry, but United States is not supported this time You may register at Wirex if you reside in one of 47 countries; unfortunately, United States is not among the supported ones (Wirex supports more countries worldwide).
• During the account verification BitMyMoney usually asks for 3 documents and/or procedures: (id verification, phone confirmation, a bank account verification) User identification at Wirex usually consists of 3 different procedures: id verification, phone confirmation, selfie and the process usually takes no less than a couple of days (Wirex & BitMyMoney require the client to pass through the — more or less — the same process during the verification).

Although the final decision, which exchange — BitMyMoney or Wirex — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

try BitMyMoney

or

exchange @ Wirex!

If you feel like need more comparison versus other exchanges, feel free to check these:

• Wirex vs CEX
• Wirex vs BitMyMoney
• Wirex vs TransCoin
• Wirex vs Quickex
• Wirex vs Coinbase

Wirex vs TransCoin

Let's compare the key features of these two platforms to see which one suits you best:

our detailed review of TransCoin

• TransCoin is a broker Wirex is an e-wallet, it has a different business model (feel free to read about the differences between broker and e-wallet)
• TransCoin had started the business May 2018 Wirex started the business November 2014 (Wirex operates 3 years and 6 months longer).
• TransCoin has all the required business licenses and permissions Wirex has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
• Besides buying and selling cryptocurrencies, TransCoin provides no extra services Wirex provides more exchange-related services: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens, and besides that: Mobile wallet, ATM Cards and the Fiat to Fiat Currencies Trading & Exchange.
• TransCoin supports 3 cryptocurrencies Wirex allows to exchange 6 cryptos (Wirex supports 3 cryptocurrencies more).
• 2 fiat currencies are available at TransCoin You'll be able to use 8 fiat currencies to swap with digital ones at Wirex (Wirex supports 6 fiat currencies more).
• TransCoin accepts deposits from and allows withdrawals to 6 fiat payment systems / banks Wirex allows the user to utilize 4 various fiat payment systems and/or banks (Wirex supports 2 banks and fiat payment systems less).
• TransCoin charges 2% — 7% fee Wirex charges the client 1.0% fee, depending on the currency, payment system, etc. (Wirex has lower fees in general).
• Buying limits at TransCoin start from $47 and are up to $50,000 Deposit/withdraw limits at Wirex are $5 — $5,000 depending on the payment method (Wirex has lower buying/selling limits).
• TransCoin allows registrations from 255 countries; United States is among the supported ones You may register at Wirex if you reside in one of 47 countries; unfortunately, United States is not among the supported ones (Wirex supports less countries).
• During the account verification TransCoin usually asks for 1 document / procedure: (id verification) User identification at Wirex usually consists of 3 different procedures: id verification, phone confirmation, selfie and the process usually takes no less than a couple of days (Wirex 's KYC policy requires the customer to take less actions or to provide less data).
• Our users left 5 testimonials about TransCoin, 100% of which are positive We've collected 17 users testimonials about Wirex, 94% are positive (Wirex was rated lower by the community).

Although the final decision, which exchange — TransCoin or Wirex — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although Wirex has a better total rating 99 vs TransCoin's 98, we recommend you to look at the list above and decide, what is most important for you!

try TransCoin

or

exchange @ Wirex!

If you feel like need more comparison versus other exchanges, feel free to check these:

• Wirex vs CEX
• Wirex vs BitMyMoney
• Wirex vs TransCoin
• Wirex vs Quickex
• Wirex vs Coinbase

Wirex vs Quickex

Let's compare the key features of these two platforms to see which one suits you best:

our detailed review of Quickex

• Quickex is a broker Wirex is an e-wallet, it has a different business model (feel free to read about the differences between broker and e-wallet)
• Quickex had started the business February 2018 Wirex started the business November 2014 (Wirex operates 3 years and 3 months longer).
• Quickex is an ordinary company without licenses, etc. Wirex has all the required business licenses and permissions (Wirex utilizes a safer and more stable business model).
• Besides the crypto to crypto exchange, Quickex provides no extra services Wirex provides more exchange-related services: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens, and besides that: Mobile wallet, ATM Cards and the Fiat to Fiat Currencies Trading & Exchange.
• Quickex supports 17 cryptocurrencies Wirex allows to exchange 6 cryptos (Wirex supports 11 cryptocurrencies less).
• Quickex doesn't have any fiat currencies supported You'll be able to use 8 fiat currencies to swap with digital ones at Wirex (Wirex supports 8 fiat currencies more).
• Quickex doesn't allow any fiat payments Wirex allows the user to utilize 4 various fiat payment systems and/or banks (Wirex supports 4 fiat payment systems and banks more).
• Quickex allows registrations from 255 countries; United States is among the supported ones You may register at Wirex if you reside in one of 47 countries; unfortunately, United States is not among the supported ones (Wirex supports less countries).
• Quickex allows the user to be anonymous, there is no account verification, etc. User identification at Wirex usually consists of 3 different procedures: id verification, phone confirmation, selfie and the process usually takes no less than a couple of days (Wirex 's compliance program requires the client to take more actions or to provide more data).
• Due to results of community feedback, Quickex process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay; everything is automated Due to results of community feedback, Wirex process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay; everything is automated (Wirex & Quickex process the deposits and withdrawals with equal speed).
• Our users left 3 testimonials about Quickex, 100% of which are positive We've collected 17 users testimonials about Wirex, 94% are positive (Wirex was rated lower by the community).

Although the final decision, which exchange — Quickex or Wirex — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although Wirex has a better total rating 99 vs Quickex's 95, we recommend you to look at the list above and decide, what is most important for you!

try Quickex

or

exchange @ Wirex!

If you feel like need more comparison versus other exchanges, feel free to check these:

• Wirex vs CEX
• Wirex vs BitMyMoney
• Wirex vs TransCoin
• Wirex vs Quickex
• Wirex vs Coinbase

Wirex vs Coinbase

Let's compare the key features of these two platforms to see which one suits you best:

our detailed review of Coinbase

• Coinbase is a e-wallet Wirex is an e-wallet, both are using the same business model.
• Coinbase had started the business June 2012 Wirex started the business November 2014 (Coinbase is working for 2 years and 5 months longer time).
• Coinbase has all the required business licenses and permissions Wirex has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
• Besides buying and selling cryptocurrencies, Coinbase provides the following extra services: ATM Cards and the Merchant Services Wirex provides more exchange-related services: it allows us to purchase and sell digital currencies, swap cryptocoins and tokens, and besides that: Mobile wallet, ATM Cards and the Fiat to Fiat Currencies Trading & Exchange.
• Coinbase supports 10 cryptocurrencies Wirex allows to exchange 6 cryptos (Wirex supports 4 cryptocurrencies less).
• 6 fiat currencies are available at Coinbase You'll be able to use 8 fiat currencies to swap with digital ones at Wirex (Wirex supports 2 fiat currencies more).
• Coinbase accepts deposits from and allows withdrawals to 4 fiat payment systems / banks Wirex allows the user to utilize 4 various fiat payment systems and/or banks (Wirex & Coinbase support the same number of banks and payment systems).
• Coinbase charges 1.49% — 3.99% fee Wirex charges the client 1.0% fee, depending on the currency, payment system, etc. (Wirex has lower fees in general).
• Buying limits at Coinbase start from $2 and are up to $5,000 Deposit/withdraw limits at Wirex are $5 — $5,000 depending on the payment method (Wirex & Coinbase have more or less the same buying/selling limits).
• Coinbase allows registrations from 39 countries; United States is among the supported ones You may register at Wirex if you reside in one of 47 countries; unfortunately, United States is not among the supported ones (Wirex supports more countries worldwide).
• During the account verification Coinbase usually asks for 2 documents and/or procedures: (id verification, phone confirmation) and it takes no less than a couple of days in most of the cases User identification at Wirex usually consists of 3 different procedures: id verification, phone confirmation, selfie and the process usually takes no less than a couple of days (Wirex 's KYC policy requires the customer to take less actions or to provide less data).
• Due to results of community feedback, Coinbase process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay; everything is automated Due to results of community feedback, Wirex process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay; everything is automated (Wirex & Coinbase process the deposits and withdrawals with equal speed).
• Our users left 23 testimonials about Coinbase, 96% of which are positive We've collected 17 users testimonials about Wirex, 94% are positive (Wirex was rated lower by the community).

Although the final decision, which exchange — Coinbase or Wirex — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although Wirex has a lower total rating 99 vs Coinbase with 100, we recommend you to look at the list above and decide, what is most important for you!

try Coinbase

or

exchange @ Wirex!

If you feel like need more comparison versus other exchanges, feel free to check these:

• Wirex vs CEX
• Wirex vs BitMyMoney
• Wirex vs TransCoin
• Wirex vs Quickex
• Wirex vs Coinbase

Conclusion: is Wirex legit or scam?

Now it's time to draw a conclusion, is Wirex a scam or is it a legit exchange? We are 100% sure Wirex is the most trusted and absolutely legit exchange platform with an outstanding reputation in the crypto community; one of the industry leaders. There is no way it can be even considered to be called a scam! Let's summarize what we like most (and what we don't) about the Wirex:

• It is licensed, regulatory compliant financial company
• The e-wallet holds users' funds
• This company has being in the business for a long time; exchange was started 6 years and 3 months ago
• Exchange supports 6 cryptocurrencies and 8 fiat ones (totally 4 payment systems / banks are available). Besides buying, selling and exchanging digital currencies, the following services are available: Mobile wallet, ATM Cards and Fiat to Fiat Currencies Trading & Exchange
• It charges low fees: 1.0%; although the exchange of smaller amounts is rather inexpensive
• The purchase and withdrawal limits are high and you may exchange small amounts, if you wish to: from $5 to $5,000 USD, it depends on a payment system choice
• Wirex accepts the clients from 47 countries; unfortunately, users from United States are not permitted to use the service
• Customers' testimonials are rather good, 6% (1 of 17) are neutral or negative. According to the customers feedback:
• Customer support is great
• Deposits and withdrawals are instant
• Verification is not very fast

Last but not least, according to our rating and the feedback from the Wirex clientele, we consider it as "The second best e-wallet worldwide!" That means the platform really stands out from the 326 exchange services we monitor; our ranking algorithms and the input we got from the actual exchange customers confirm that. With all the features and positive reviews, it's obvious why Wirex has been so successful for 6+ years and we invite you to check out by yourself!