If you frequently use your Wirex card, Wirex Wallet is ideal for you. They are the first non-custodial wallet to support 8 blockchains without having a seed phrase vulnerability.
Learn everything there is to know about Wirex Wallet in NZ by following our guide.
What is Wirex Wallet in NZ?
Wirex Wallet is a cryptocurrency wallet that allows users in New Zealand and around the world to manage and exchange multiple cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and more. It was founded in 2014 and has become a leading cryptocurrency wallet and payment card provider, with over 3 million users worldwide.
Wirex Wallet is a non-custodial wallet, which means that users have full control over their private keys, providing an added layer of security. It supports multiple blockchains and allows for instant crypto-to-fiat exchanges through its app.
Wirex also offers a debit card that can be linked to the user’s Wirex Wallet, allowing them to spend their crypto at millions of locations worldwide. Wirex card users in NZ can enjoy exclusive benefits, no exchange fees, no monthly fees, and exclusive Wirex Rewards.
Is Wirex Wallet safe in NZ?
In general, Wirex Wallet is considered a safe and reliable option for managing and spending crypto in New Zealand. The company is regulated by two reputable financial authorities and follows strict guidelines to ensure the safety and security of user funds.
Wirex Wallet also offers a range of security features, such as multi-signature wallets, 2FA, and biometric identification, to protect user accounts from hacks and breaches.
While no platform can guarantee 100% safety, Wirex Wallet has a positive reputation in the industry and has taken steps to ensure the safety and security of its users’ funds. It’s always important to take precautions when managing your cryptocurrency and to be aware of the risks involved in using these types of platforms.
Wirex Fees in NZ
Wirex fees in New Zealand vary depending on the transaction type and currency involved. Here is a breakdown of the fees you can expect to encounter when using Wirex in NZ:
Account Creation: There is no fee to create a Wirex Wallet account.
Deposits and Withdrawals: Wirex Wallet does not charge fees for deposits or withdrawals, but third-party fees may apply.
Cryptocurrency Exchange: Wirex charges a 1% fee for all cryptocurrency exchanges, with no minimum or maximum limits.
Wirex Visa Card: Wirex charges a one-time fee of NZD 19.99 to order a Wirex Visa debit card. There are no monthly or annual fees to use the card, but foreign exchange fees may apply when using the card in a different currency.
Other Fees: Wirex may charge additional fees for certain services or features, such as sending cryptocurrency to an external wallet or making a bank transfer.
Pros and Cons Of Wirex Wallet
✔️ Non-custodial: You have complete control over your funds and private keys.
✔️ Multi-currency support: Supports multiple cryptocurrencies, including BTC.
✔️ Wirex Rewards program: Offers a rewards program where you can earn cryptocurrencies for referring friends.
✔️ Security features: Industry-standard security features such as 2FA and multi-signature technology.
✔️ Easy to use: User-friendly interface.
❌ Limited coin support: Does not support all cryptocurrencies.
❌ Fees: Charges fees for certain transactions, such as buying or exchanging cryptocurrencies.
❌ Customer support: Some users have reported difficulties reaching customer support in a timely manner.
❌ Mobile-only: Only accessible through a mobile app
How to setup Wirex Wallet in NZ?
App Store: Open the App Store on your Apple device and search for “Wirex Wallet.”
2. Download App: Tap the “Get” button next to the Wirex Wallet app and wait for it to download and install.
3. Create Wallet: Once the app is installed, open it and tap “Create Wallet” to start the account creation process.
4. Email Address: Follow the on-screen prompts to enter your personal information, including your email address.
5. Start Using: You can start using your Wirex Wallet to buy, store, and send cryptocurrency. You can fund your account using a variety of payment methods, including bank transfers and credit/debit cards.
Alternatives to Wirex Wallet
Ledger Nano S – Ledger Nano S is a hardware wallet that allows users to store their cryptocurrency offline, providing an added layer of security. It supports multiple cryptocurrencies and can be accessed through a user-friendly interface.
Trezor – Trezor is another hardware wallet that provides secure offline storage for cryptocurrencies. It supports multiple cryptocurrencies and provides an easy-to-use interface for managing them.
Exodus Wallet – Exodus is a free software wallet that supports multiple cryptocurrencies and provides an intuitive interface for managing them. It also offers built-in exchange functionality for easy crypto-to-crypto exchanges.
Trust Wallet – Trust Wallet is a mobile app wallet that supports multiple cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin. It provides a secure platform for managing and exchanging cryptocurrencies, and also allows users to interact with decentralized applications (dApps) on the Ethereum blockchain.
These are just a few of the many alternatives to Wirex Wallet that are available to users in New Zealand. It’s important to do your own research and choose the correct wallet.
Cryptocurrency NZ Final Verdict
Wirex Wallet is a secure and easy-to-use platform for managing multiple cryptocurrencies, particularly for New Zealanders who use their Wirex card regularly. With non-custodial security, multi-currency support, and industry-standard security features, Wirex Wallet provides a safe and convenient way to store and access your cryptocurrency on-the-go.
Ultimately, it is important to consider your specific needs and preferences when choosing a cryptocurrency wallet, but Wirex Wallet is definitely worth considering for those looking for a comprehensive and easy-to-use platform in New Zealand.