With evolving times and technology, the digital world is also evolving. Hence keeping track and walking parallel with the current scenario is important. Hence, people must be fully aware of all the firms and companies that offer a wide range of services across the globe.
Wirex and Crypto.com are two such popular firms that try to meet the demands of investors.
Key Takeaways
- Wirex is a UK-based company that provides a platform for buying, selling, and storing cryptocurrencies. At the same time, Crypto.com is a Hong Kong-based company that offers a cryptocurrency exchange, wallet, and payment solution.
- Wirex supports a limited number of cryptocurrencies, while Crypto.com supports many cryptocurrencies and tokens.
- Wirex allows users to buy and sell cryptocurrencies using their debit or credit cards, while Crypto.com offers a variety of payment methods, including credit/debit cards, bank transfers, and cryptocurrency.
Wirex vs Crypto.com
Wirex is a digital payment platform that allows users to buy, store, and spend a variety of cryptocurrencies and traditional currencies. Crypto.com is a cryptocurrency exchange and wallet provider offering various services, including staking and earning rewards on various cryptocurrencies.
Wirex has been around since the year 2014. Wirex is headquartered in the United Kingdom’s capital of London. Wirex’s website, “wirexapp.com,” has all the crucial company information.
XLM, WXT, DAI, BTC, XRP, LTC, and ETH are all known to be supported by Wirex. Wirex will be charged for both the top-up and the transaction using the card that is being issued to them.
It has been a year since Crypto.com launched. Since its inception, Crypto.com’s headquarters have been in Hong Kong. The address of the company’s website, Crypto.com, is “https://crypto.com.”
Crypto.com is reported to support 36 coins in total. Crypto.com’s card has a transaction fee attached to it. As a cryptocurrency-back incentive, Crypto.com offers roughly 1% MCO.
Comparison Table
| Parameters of Comparison | Wirex | Crypto.com |
|---|---|---|
| Headquarters | Located in London, United Kingdom | Located in Hong Kong |
| Founded year | Founded in 2014 | Founded in 2016 |
| Website | wirexapp.com | https://crypto.com |
| Founders | Created by Pavel Matveev, Dmitry Lazarichev | Created by Kris Marszalek |
| Supporting cryptocurrencies | 7, BTC, XRP, LTC, ETH, XLM, WXT, DAI | It supports 36 cryptocurrencies |
| Transaction fee | Wirex charges both transaction fees and Top Up as well. | It charges a transaction fee only. |
| Crypto back Rewards | 1.5% BTC | 1% MCO |
What is Wirex?
Wirex is a cross-border payment platform that allows you to handle, hold, and spend cryptocurrencies as well as fiat currency. It comes with a payment card and wallet software that lets users swap digital currencies and different fiat currencies at OTC interbank rates.
The travel card allows you to use your Wirex account to make purchases at 54 million Mastercard locations across the world. It also supports over 150 currencies and instantly converts your international payments into local currency at the interbank rate, so you don’t have to pay any extra fees.
Wirex has been in business since 2014. Wirex is headquartered in the United Kingdom’s capital, London. Wirex’s website, “wirexapp.com,” has all of the necessary information about the company.
Wirex’s success may be attributed to two people: Dmitry Lazarichev and Pavel Matveev, who founded the company. XLM, WXT, DAI, BTC, XRP, LTC, and ETH are among the seven cryptocurrencies that Wirex is known to support.
Wirex will be charged for both the Top Up and the Transaction on the card that is being issued to them. As a crypto back reward, Wirex offers roughly 1.5 per cent BTC.
What is Crypto.com?
It’s been a year since Crypto.com launched. Since its inception, Crypto.com has had its headquarters in Hong Kong. The address of the firm’s website, Cryptp.com, is “https://crypto.com.”
Kris Marszalek is the man who is credited with being the “founder” of Crypto.com. Crypto.com is reported to accept 36 different coins. Crypto.com imposes a transaction fee on the card it issues.
As a crypto back reward, Crypto.com offers roughly 1% MCO. The Crypto.com app is almost certain, given how many people utilise the website to buy Bitcoin, Dogecoin, and other various crypto-economic products. You may do a lot of things on the site without worrying about being scammed, such as buying and selling coins.
There is no such hidden price or fees on the market price for customers willing to sell or buy these digital assets, including cryptocurrencies.
The Crypto.com app and website are a global digital asset service organisation based in Switzerland that allows people to invest in cryptocurrencies with ease and success.
Main Differences Between Wirex and Crypto.com
- Since 2014, Wirex has been in existence. On the other hand, it’s been 2016, Crypto.com has been in existence.
- Wirex has its base in London, which is in the United Kingdom. On the other hand, since its establishment, Hong Kong has been the operational location of Crypto.com.
- All the essential information regarding Wirex can be drawn from its website, “wirexapp.com”. On the other hand, “https://crypto.com” is the address of the website of the firm, Cryptp.com.
- Dmitry Lazarichev and Pavel Matveev are the people who are behind the success of Wirex, as they are the ones who created it. On the other hand, Kris Marszalek is the person who is being credited with the tag of “creator” of Crypto.com.
- Wirex is known to support seven types of cryptocurrencies, including XLM, WXT, DAI, BTC, XRP, LTC, and ETH. On the other hand, Crypto.com is known to support a total of 36 cryptocurrencies.
- The card is issued to Wirex charges for both Top Up and at the time of the transaction. On the other hand, the card issued by Crypto.com charges for transaction fees.
- Wirex gives around 1.5% BTC as crypto back rewards. On the other hand, Crypto.com gives around 1% MCO as the crypto back rewards.
- https://ieeexplore.ieee.org/abstract/document/7906988/
- https://repository.upenn.edu/cgi/viewcontent.cgi?article=1133&context=wharton_research_scholars
Last Updated : 13 July, 2023
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Chara Yadav holds MBA in Finance. Her goal is to simplify finance-related topics. She has worked in finance for about 25 years. She has held multiple finance and banking classes for business schools and communities. Read more at her bio page.
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