Wirex Private Call Summary
I had a discussion with the Head of Wirex Private and here are the key takeaways:
Enhanced Security Monitoring
In response to recent scams targeting the Wirex platform, Wirex has implemented an enhanced cyber attack monitoring system. This may result in accounts being temporarily blocked more frequently to ensure security.
Improved Rates
Wirex has negotiated better rates with its banking partners, enabling them to offer higher cashback and other financial benefits.
Wirex Private
Wirex Private customers can consult their Wirex Private manager (similar to a bank manager) for preferential rates. For example, customers can receive an additional 1%+ on staking assets worth over 100K for 30 days or more, with rates varying based on the type of assets.
OTC Services
Wirex offers better over-the-counter (OTC) rates for those looking to exchange 20K-30K to fiat currency.
Withdraw limits
The withdraw limits can be uplifted to 40/50K per transaction. You would need to send an email asking for the change.
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