Wirex Token (WXT) is a multi-blockchain cryptocurrency operating on both the Stellar and Ethereum platforms. It serves as the native token for the Wirex app, providing users with access to exclusive crypto rewards and decentralized finance (DeFi) ecosystems. WXT is used to unlock rewards programs, such as Cryptoback and Savings Bonus, and can be bought, stored, and exchanged within the Wirex app.
The Wirex Token (WXT) is a multi-blockchain cryptocurrency that powers the X-tras rewards program within the Wirex platform. It is designed to help users save on commissions and earn unique bonuses. Here are some key ways WXT is used:
Rewards and Discounts: Users receive exclusive discounts (up to 100%) on various fees, including exchange fees, bank transfer fees, withdrawal fees, credit/debit card top-ups, monthly administration fees, ATM fees, and SWIFT transfer fees.
Cryptoback Rewards: Users can earn up to 4% back in WXT on Wirex card purchases and up to 12% annually on the balance of their WXT accounts with the Savings Bonus feature.
Multi-Chain Support: WXT supports multiple blockchains, including Ethereum and Polygon, enhancing its utility and allowing for deep integration with various DeFi and Web3 applications.
Decentralized Finance (DeFi): WXT bridges the gap between traditional and decentralized financial systems, aiming for greater inclusivity and efficiency.
Payment and Transfer: The Wirex application allows users to transfer money to different countries quickly and efficiently, without high commissions and losses on exchange rates.
Overall, WXT is a versatile token that offers a range of benefits and rewards to users within the Wirex ecosystem.
To store WXT (Wirex Token) tokens, you need a suitable crypto wallet that supports the blockchain networks where WXT operates. Here are the steps to follow:
Choose a Wallet: Select a reliable crypto wallet that supports the Stellar Network and Ethereum blockchain, as WXT is a multi-blockchain cryptocurrency. You can refer to the official Wirex Token website for a list of supported wallets.
Set Up Your Wallet: Download and set up the chosen wallet on your desktop or mobile device. Ensure you follow the wallet's instructions for setup and keep your seed phrase safe.
Store Your WXT: Once your wallet is set up, you can store your WXT tokens securely. Make sure to keep your wallet address handy for future transactions.
Manage Your WXT: You can buy, store, and exchange WXT within the Wirex app. Additionally, you can use decentralized exchanges (DEXs) to trade your WXT tokens.
Staking and Rewards: You can also delegate your WXT tokens for staking to earn rewards. This process involves choosing a staking service or delegating your tokens directly.
Remember to keep your wallet and account information secure to protect your WXT tokens from unauthorized access.
To buy Wirex Token (WXT), follow these steps:
Create an Account on a Crypto Exchange:
- Choose a reliable exchange like Coinbase, Binance, or Gate.io.
- Register by providing necessary information, including your email address and a secure password.
- Complete any required identity verification steps.
Fund Your Account:
- Select a suitable payment method, such as credit/debit cards, bank deposits, or peer-to-peer trading.
- Ensure you understand the fees associated with each method.
Navigate to the Trading Page:
- Find the relevant trading pair, such as WXT/USDT or WXT/BTC.
- Choose the right trading pair based on your deposit method.
Place a Buy Order:
- Decide on a market order or limit order, considering the execution price and liquidity.
- Set the amount of WXT you want to buy, and execute the order.
Transfer WXT to Your Wallet:
- Once purchased, you can hold WXT in your exchange account or transfer it to a personal cryptocurrency wallet like Metamask.
- Consider trading WXT for other cryptocurrencies or using it for decentralized finance (DeFi) applications.
Remember to research the exchange's reputation, read user reviews, and compare different exchanges to find the most suitable one for you.
