Wirex- Bitcoin Debit Card | Buy Bitcoin | Mobile Banking | Send Money - page 5.

stompix

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Blackjack.fun

Quote from: tex83rb on November 19, 2020, 09:26:49 AM

And today 5 hours that is in manutention.
Wonder if being a visa card I can block the funds on the visa card before they run away.

Hmm, block what funds?
Visa is just the middle man between your account with them and a merchant or a payment processor.

Quote

Im waiting for a bank transfer from bet 365. I specify, already received previous month from bwt365 to wirex add without troubles. And about the same amount. Some thousands of euros. Not ten or hundreds of thousands. Received twice pretty quickly, now this third is much slow.

But I'm still interested in the fact you managed to withdraw in the past from bet365, I still have ~500, down from 650 back in January when I didn't get too much positive feedback about it and not really playing much as the horse racing season was destroyed with the virus stuff but I never tried to withdraw them, guess I'll keep playing till I have nothing to cashout ...

tex83rb

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And today 5 hours that is in manutention.

Wonder if being a visa card I can block the funds on the visa card before they run away.
Maybe all will be right after manutention, but thinking bad in these time you're right most of the time

tex83rb

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Quote from: unamis76 on May 21, 2019, 06:41:45 AM

A heads up to all users, it seems Wirex's SEPA transfers aren't working at all. I've made a withdrawal almost 2 weeks ago and the funds haven't arrived. The receiving bank has no record of any incoming transfer, and Wirex's support simply says they've sent it and that I have to check with my local bank. After going back and forth with support they've said they'd check with their banking partner about the transfers' status and haven't got back to me ever since. The phone numbers for them I could find online weren't in service when I tried calling... Their banking partner (Onpex) didn't reply to my contact. Not a good sign. I'm not sure what's happening here.

I'd heavily advise anyone to avoid making any bank transfers to/from Wirex for the time being as it seems their fiat onramp is broken. I'll update everyone here as things progress, hopefully this is sorted sooner than later.

I' m in similar situation... Im waiting for a bank transfer from bet 365. I specify, already received previous month from bwt365 to wirex add without troubles. And about the same amount. Some thousands of euros. Not ten or hundreds of thousands. Received twice pretty quickly, now this third is much slow. Sent day 12 November from bet365, still nothing on wirex. It's like some troubles on their sepa processor or credit card processor. However time for visa is 1-5 working days. Counting 13-16-17-18 tomorrow is last day. Friday if I haven't yet received, so there will be a trouble. I will keep you informed.

gentlemand

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Welt Am Draht

I assume the new provider gives them many more things they can offer so I can't imagine it'll apply to the old card. They're certainly making some noise about it. I wonder whether they're going to undergo a bull run seizure like so many other places did in 2017.

stompix

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I got a message about zero monthly fees and a lot of other useless crap, but I'm curious about it, is that only from the new mastercard card or does it apply to previous cards also?
The wording in those emails is pretty ambiguous. I'm already at - ~3 euros since I haven't used it for a while and I'm starting to think about dropping it altogether, it was nice as a novelty, I didn't experience real problems with it other than temporary bugs but there is little incentive to keep it active.

gentlemand

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Quote from: unamis76 on September 27, 2020, 12:16:46 PM

Then I guess I'm a part of a very small minority. I'd risk saying most of us who usually write here are that minority...

I think that's safe to say. It's interesting reading the moans they get on Twitter. Many users seem to a whole lot less cautious than us on here. There's often talk of running their entire finances through Wirex which seems completely and utterly nuts to me.

unamis76

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Quote from: gentlemand on September 25, 2020, 12:33:37 PM

They know the crowd they have so they'd be stupid not to milk them.

Then I guess I'm a part of a very small minority. I'd risk saying most of us who usually write here are that minority...

gentlemand

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Quote from: unamis76 on September 25, 2020, 05:46:18 AM

I found the crowdfund emails surprising as well. I recall they recently ran a token sale, wonder if they need to scale or are just doing a quick cash grab? This is a bit concerning IMO.

They know the crowd they have so they'd be stupid not to milk them. I guess the tricky part is the aftermath when your shittoken turns out to be brown and sticky too. Seems a bit stupid to burn good will but they do have something of a captive audience.

unamis76

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I found the crowdfund emails surprising as well. I recall they recently ran a token sale, wonder if they need to scale or are just doing a quick cash grab? This is a bit concerning IMO.

gentlemand

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It sticks in my craw a bit when companies with what should be a successful revenue stream go down that road, though of course they know many people will swallow it. They're in one of the few truly dependable areas of this market, converting money, so there should be little need for it but obviously the temptation is too much to resist.

For me at least I'd rather be using a long established legacy company for this process and the day is approaching.

adrov

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Quote from: stompix on September 24, 2020, 08:48:09 AM

Quote from: gentlemand on September 24, 2020, 07:19:07 AM

Did much become of their shittoken or whatever it was?

Auch!!!
I knew it was a useless token but I did not expect this:
https://coinmarketcap.com/currencies/wirex-token/

Quote

Wirex Token ROI
-61,66%

The price did jump in one day back in July, I guess it was the day with the Mastercard deal announcement but the hype died pretty fast.
I'm really surprised they haven't managed to prop up the price for it, comparing the market cap to what business revenue they claim to have.

This is usual practice in VC world, you raise money every 2-3 years. Especially if business is good as you attract bigger fish by that (big whale investors).

More resources means more growth... Doesn't mean things can't go sour though.

I have some WXT that I've got in "pre-sale" and that's still in green, barelly though.

Hopefully this "CrowdFunding" pumps WXT a bit and I cash out... I don't believe they are competitive anymore.

hilariousetc

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Quote from: stompix on September 24, 2020, 07:04:43 AM

I'm getting bombarded with messages from Wirex about their new crypto crowdfunding platform or whatever that is and then when I finally managed to open the last email I've seen they are trying to do anything to grab your money. Invest in the token, invest in the company, invest in FinTech..
I'm starting to wonder if they actually authorized to conduct all this kind of stuff?

They do claim some real volume growth in revenues over the last year, I don't think they re lying about that but this race for cash is triggering the wrong vibe, I even turned off notifications from their app as I was getting one or two a day.

Anyone registered for this new "project" of theirs? Or planning on "investing"?

Yeah, I got one. Looks like they're just crowdfunding. It's probably not worth it unless you think there's potential for the company to grow which is getting increasingly more difficult as there's far too much competition and much better sites with far cheaper fees. The debit card was a big plus back in the day but now lots of companies are offering them with much better rates. I'm surprised people still use wirex to be honest. Haven't used it in years but the fees were bad back then and they're seemingly much worse now.

stompix

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Blackjack.fun

Quote from: gentlemand on September 24, 2020, 07:19:07 AM

Did much become of their shittoken or whatever it was?

Auch!!!
I knew it was a useless token but I did not expect this:
https://coinmarketcap.com/currencies/wirex-token/

Quote

Wirex Token ROI
-61,66%

The price did jump in one day back in July, I guess it was the day with the Mastercard deal announcement but the hype died pretty fast.
I'm really surprised they haven't managed to prop up the price for it, comparing the market cap to what business revenue they claim to have.

gentlemand

legendary

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Welt Am Draht

Seen it. Discarded it.

I automatically ignore anything of that nature from anyone. If they can't make money doing what they're supposed to do then I'm not throwing any more at them.

Did much become of their shittoken or whatever it was?

stompix

legendary

Activity: 2912

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Blackjack.fun

I'm getting bombarded with messages from Wirex about their new crypto crowdfunding platform or whatever that is and then when I finally managed to open the last email I've seen they are trying to do anything to grab your money. Invest in the token, invest in the company, invest in FinTech..
I'm starting to wonder if they actually authorized to conduct all this kind of stuff?

They do claim some real volume growth in revenues over the last year, I don't think they re lying about that but this race for cash is triggering the wrong vibe, I even turned off notifications from their app as I was getting one or two a day.

Anyone registered for this new "project" of theirs? Or planning on "investing"?

gentlemand

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Welt Am Draht

Quote from: stompix on August 03, 2020, 07:30:53 PM

Right now I have an exchange rate of 9468 compared to 9593 at Bitfinex and 9625 at Bitstamp, that is around 1.4-1.6% , you lose another 2% of the exchange from BTC to euro, probably more if you do it in small batches as I can't figure out exactly what this commission is as it obviously has a minimum (not specified on their webpage).

Hmm. I'll have to double check what rate I'm getting for GBP. Yours is worse than I thought it would be.

Quote from: stompix on August 03, 2020, 07:30:53 PM

But overall it's not that much, the problems start if you try to use it outside the Euro area, one on top of others add up pretty fast to almost 5-7.5%.

Well, no one should be surprised by that. It's the same for any other card though I can imagine they load it a bit and any prepaid card is likely to be higher. My normal bank debit card adds 2.75% to any foreign currency transaction.

You have to either pay for a premium bank account with that perk or go for some puppet show app like Revolut.

stompix

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Blackjack.fun

Quote from: gentlemand on August 03, 2020, 05:10:41 AM

It would be interesting if someone put together a thread comparing the costs of each service doing everyday things - depositing, sending, converting. People might be surprised at how quickly it adds up.

From my experience If you're in the EU area with a Euro card and you stick to buying things from local shops or online shops based inside the EU area so no other bs fees get involved the cost is not that high.
Right now I have an exchange rate of 9468 compared to 9593 at Bitfinex and 9625 at Bitstamp, that is around 1.4-1.6% , you lose another 2% of the exchange from BTC to euro, probably more if you do it in small batches as I can't figure out exactly what this commission is as it obviously has a minimum (not specified on their webpage). I tried for fun to exchange 50 cents of satoshi and the preview page shows a 25 cents fee, tried with 25 it dropped to 12, 100 euros is 1.5.

But overall it's not that much, the problems start if you try to use it outside the Euro area, one on top of others add up pretty fast to almost 5-7.5%.
Oh, and another thing, pretty weird.

I tried in Hungary last year both cards, the USD and the EUR.
The USD card had a fee of 60 cents/10 USD, the EURO had a 0.40 cents fee for 13 Euros, same chainstore...no clue why.

DaCryptoRaccoon

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OGRaccoon

Quote from: gentlemand on August 03, 2020, 05:10:41 AM

Quote from: DaCryptoRaccoon on August 01, 2020, 08:47:17 AM

They charged me a fee to deposit fiat.
They then charged me to convert
Then they charge me almost £5 to send my ETH out. ~

That is... bad. If you made use of all of their services you could be throwing away a LOT of money. I only use it for one thing - sending BTC, converting it and spending it on the card. I have better options for the other stuff.

It would be interesting if someone put together a thread comparing the costs of each service doing everyday things - depositing, sending, converting. People might be surprised at how quickly it adds up.

I have used them for many years now I must have paid $100's in fees by now I think this time thought was the last straw charging that kind of money to send out some eth is discussing the fact they only paid such a small amount to the network and they charged me for the conversion from FIAT to ETH then hovered up the rest for themselves.

Used to use them every week but there fee's are going up each time I use it no wonder they make so much money if they take £3 from every user to send there funds yet they have already been charged for buying..

I hope wirex read this but I really doubt it so I sent it to there customer care team with a letter of disgust at there fee structure

Criminal fees wirex... Criminal fees..

gentlemand

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Welt Am Draht

Quote from: DaCryptoRaccoon on August 01, 2020, 08:47:17 AM

They charged me a fee to deposit fiat.
They then charged me to convert
Then they charge me almost £5 to send my ETH out. ~

That is... bad. If you made use of all of their services you could be throwing away a LOT of money. I only use it for one thing - sending BTC, converting it and spending it on the card. I have better options for the other stuff.

It would be interesting if someone put together a thread comparing the costs of each service doing everyday things - depositing, sending, converting. People might be surprised at how quickly it adds up.

DaCryptoRaccoon

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OGRaccoon

Quote from: gentlemand on August 01, 2020, 04:08:18 AM

Quote from: DaCryptoRaccoon on July 31, 2020, 08:45:38 PM

I have noticed this myself when buying there they show you what you one amount then when you execute you get less than what it's claims your getting, happened a few times when buying litecoin from them. Would also be nice if they were closer to market with there prices there rates are kind of poor considering the fee's for not only the card but for checking your balance at ATM they charge you everything is fees with them.

They charge you for a balance check? Sheesh.

Even with the secret spread it's still cheaper than a Coinbase card which is 2.5% but I'd rather they were straight with me. I only tend to use it when there's no other alternative but if they were more honest and charged less I they'd get more business out of me.

I would like to share how much they want to charge me for sending out some ETH today..

This is a outrageous fee for sending ETH I can also guarantee that when I send the funds they will only pay the minimum network fee and keep the rest.

They charged me a fee to deposit fiat.
They then charged me to convert
Then they charge me almost £5 to send my ETH out. ~

Surprise surprise....

Fee paid...
0.00556584 Ether ($1.97)

Absolute robbery

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