Wirex One combines a self-custody wallet with a payment card and launched publicly on September 16, 2026. Balances are mainly held in stablecoins such as USDC and USDT, and rewards go up to 8%. Taiwan and Hong Kong are on the official list of available markets. Fees and risks are covered in Know Before You Apply.
What Is Wirex One? Company Background
Wirex was founded in 2014, and co-founder Pavel Matveev is now the group’s CEO. In 2017, Japan’s SBI Group invested US$3 million in its Series A round.
Card services for users in Taiwan and Hong Kong are provided by the UK company Wirex Limited, an electronic money institution regulated by the UK FCA.
Wirex One is the new-generation product. The legacy custodial Wirex App and card ended on September 30, 2026, and new users can now only apply for Wirex One. Existing users should sign in with their original email instead of opening a new account. Funds sent to an old legacy deposit address may be lost.
This is a debit card with no credit line or collateral-backed borrowing. Wallet keys are generated and managed by Privy, and you custody the assets yourself. If you lose your login and recovery information, Wirex cannot recover your assets. Fiat accounts and card services remain regulated Wirex services; Wirex can suspend an account, which also disables its card.
See Wirex One Review and Comparison for the full comparison, or Crypto Card Comparison.
Wirex One Rewards: Five Tiers from 0.5% to 8%
The WPAY route requires meeting both the total-asset threshold and the WPAY share. Elite and above also have a route based only on total balance. Spending amount does not matter, and there is no lockup. Eligible assets include available fiat, cryptocurrency, and Earn assets, valued at their USD market price. Below US$500 in assets, the account stays at Base.
| Item | Base | Premium | Elite | Private | Bespoke |
|---|---|---|---|---|---|
| Total assets | Default, no threshold | US$500 or more | US$2,500 or more | US$25,000 or more | US$50,000 or more |
| WPAY share | — | 1% or more | 3% or more | 5% or more | 10% or more |
| Requirement without WPAY | — | — | Total balance of US$50,000 or more | Total balance of US$100,000 or more | Total balance of US$500,000 or more |
| Purchase rewards | 0.5% | 1% | 3% | 5% | 8% |
| Card | Virtual | Virtual and plastic physical card | Virtual and plastic physical card | Plus Visa Signature metal card | Plus Visa Signature metal card |
| 50% subscription rebate | — | Uber One, up to US$5/month | Plus ChatGPT Plus, up to US$15/month | Plus Claude Pro and Perplexity Pro, up to US$40/month | Plus Whoop, Bloomberg Digital, and FT, up to US$87.50/month |
| Monthly fee-free asset trading allowance | — | US$2,500 | US$10,000 | US$50,000 | Unlimited |
Rewards are points denominated in US dollars and are credited after a transaction fully settles. There is a monthly limit on the amount that can be redeemed; excess points carry over. The reward rate is based on the tier at the time of the transaction. Rewards already credited are not adjusted if your tier later drops.
Ineligible purchases include ATM withdrawals, cash advances, cryptocurrency purchases, gambling, refunded or canceled transactions, and 49 additional merchant categories listed by Wirex.
Subscriptions must be paid directly with the Wirex One card. Each rebate is capped at half the standard individual-plan price; the cap is US$10 each for ChatGPT Plus and Claude Pro. Rebates apply once per billing cycle, are credited the following month, and share the monthly redemption limit with purchase rewards. See Cards for AI Subscriptions for more AI subscription cards.
On the WPAY route, a drop in the token price may lower your tier.
Wirex One Fees and Limits
- Annual and monthly fees: 0.
- Foreign-exchange fee: listed by Wirex as free.
- Funding: bank transfers and stablecoin deposits have no fee. USDC and USDT go to the USD account; EURC goes to the EUR account, 1:1, with no conversion fee or spread.
- Funding with an external Visa or Mastercard: Wirex may charge a fee, shown in the app before confirmation.
- Other assets: about 70 can be held, but must first be sold for USD or EUR before spending.
- ATM: virtual cards cannot withdraw cash.
Supported deposit networks include Ethereum, Base, Arbitrum, Optimism, Polygon, BNB Smart Chain, and Solana. Kaia and Tron support USDT only; EURC is supported on Base only. Assets sent over the wrong network may be unrecoverable. See the Blockchain Transfer SOP before transferring.
Each account can issue up to 5 cards in its lifetime; closed cards count toward the limit. See Wirex One Fees in Detail for more fees.
Know Before You Apply
- Wirex’s official status page has recorded a global card-transaction outage.
- With self-custody, you are responsible for protecting your login and recovery information. Wirex cannot recover assets if you lose it.
- The terms set Wirex’s maximum liability to the fees you paid Wirex in the preceding 12 months.
How to Apply for Wirex One (Where to Enter the Referral Code)
- You must be at least 18. Follow the referral link in this article (button above); it includes Penchan’s referral address,
0x8b443B6D217D543702F5d30d4F9Ba86023984148. - Install the Wirex One app, tap Sign Up, and enter your email and the verification code sent to you.
- Set up a passkey (Face ID or fingerprint, recommended by Wirex) or an authenticator app.
- Complete KYC with one of: passport, national ID, or driving licence, plus an in-app selfie. Residence permits are not accepted. Verification usually takes a few minutes to a few hours. KYC must be complete before applying for a card.
- Add funds. For the basics, see the Stablecoin Storage Guide.
- Tap Card, choose Create virtual card, and use the virtual card right away; no activation is needed.
- Add the card to Apple Pay or Google Pay manually in your phone’s wallet settings.
To get a physical card, upgrade to Premium first. Tap Card, scroll to Physical Card, tap Order, and enter a delivery address (PO boxes are not accepted). Choose Standard (local post, untracked) or Express (DHL, tracked). Activate the card under Card after it arrives. To enable contactless payments, first make one in-store purchase by inserting the chip; Visa requires this for all physical and metal cards. Metal cards require Private or above.
Using Wirex One in Taiwan and Hong Kong
Taiwan and Hong Kong are both on Wirex One’s official list of available countries, and card services there are provided by Wirex Limited. The physical-card tier requirements are the same: Premium or above for plastic, Private or above for metal. A virtual card with Apple Pay or Google Pay is available from Base.
There is no TWD account in Taiwan; card spending uses a USD or EUR balance.
