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Nº 9 Free travel tier

Wirex One review

The oldest name in crypto cards, rebuilt from scratch in 2026 as a self-custodial stablecoin app. The free tier is a clean travel card — the high rates are a bet on the WPAY token.

At €1,500/month with 10% foreign-currency spending, Wirex One is worth +€90 a year after fees — Nº 7 of 11 in our calculator. Try your own numbers.
Cashback0.5–8% by tier
Paid inUSD rewards
Fee$0 (WPAY-based tiers)
FX markup0%

Wirex launched one of the first crypto debit cards in 2015. In May 2026 it relaunched as Wirex One: a Visa card on a non-custodial Privy wallet, with multi-currency IBANs, stablecoin yield and no subscription. The legacy app's crypto services — including the old WXT Cryptoback — ended in the EEA on June 30, 2026.

Licensing: in the EEA the Wirex One Visa is issued by Transact Payments Malta Limited, an e-money institution regulated by the Malta Financial Services Authority, with UAB Wirex in Lithuania running the card programme. The self-custodial wallet is, in Wirex's own terms, not a regulated service and sits outside compensation and ombudsman schemes. Wirex names no MiCA authorisation of its own for EEA crypto services; its Italian entity said it would apply for one by the end of 2025.

Everyone starts on the free Base tier at 0.5% cashback in USD with no FX markup from Wirex. Four higher tiers climb to 8%, but each requires both a minimum portfolio and a minimum share of it held in WPAY, Wirex's token — reporting puts the top tier at roughly 10% of a $50,000+ portfolio in WPAY.

What works

  • Free Base tier: 0.5% in USD, 0% Wirex FX markup
  • Self-custodial wallet, no subscription or lock-up
  • Multi-currency IBANs and stablecoin yield in one app
  • 50% rebates on AI and other subscriptions at higher tiers

What doesn't

  • Anything above 0.5% requires holding WPAY
  • Monthly reward redemption is capped by your WPAY holdings
  • $50 minimum deposit to activate the card
  • No MiCA licence of its own; the wallet side is unregulated
  • Brand-new product — the legacy app was just shut down in the EEA
Watch outThe redemption rule is the real catch: each month you can only redeem rewards worth 7% of the WPAY you hold ($100 of WPAY unlocks $7). Earned but unredeemed rewards roll forward — without WPAY, high-tier cashback is mostly theoretical.

Who it's for: Frequent travellers who want a free, no-markup Visa with self-custody. Only go past Base if you actually want WPAY exposure.

Sources

Figures on this page come from the issuer’s own pages, checked on September 25, 2026:

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Questions

Wirex questions

Which countries can get the Wirex One?
Wirex One: Global · EEA · UK. Availability is unconfirmed in Switzerland. Check the issuer’s current country list before applying.
Does the Wirex One charge foreign exchange fees?
Wirex One adds no FX markup of its own; paying from crypto rather than a matching balance adds a conversion spread.
Is the Wirex One custodial or self-custodial?
Wirex One is self-custodial: your funds stay in a wallet you control until the moment you pay.
How much cashback does the Wirex One really pay?
Wirex One pays 0.5% · up to 8% with WPAY, credited in USD rewards. For someone spending €1,500 a month with 10% in foreign currencies, our calculator puts its net value at €90 a year after fees, ranking Nº 7 of 11.

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