Which Crypto Card is better on the free tier, Wirex One or RedotPay?
Both give you a card and bank accounts, but Wirex One leaves the keys with you, and the biggest one by volume holds your money for you
@wirex_one
- Self-custodial wallet, and you can export the private key
- USD, EUR and GBP accounts with local bank details
- Pay out to any Visa or Mastercard, plus SEPA, ACH and Faster Payments
- Around 70 crypto assets supported
- Fixed-term savings for up to 24 months
@RedotPay
- Custodial account, held by its in-house custodian Red Dot Trust
- USD, EUR and GBP accounts with bank details
- Send money abroad to bank accounts and e-wallets in local currency
- Pay by QR in 9 countries, from Vietnam to Brazil
- Free instant transfers to other RedotPay users
What the free tier gets you:
- Wirex One: free virtual card, 0.5% back in USD, FX fees depend on the currency and the merchant
- RedotPay: $10 for a virtual card, no cashback, 1% when you pay from crypto plus 1.2% on non-USD purchases
- Wirex One gives more on the free tier: your own keys, a free card and cashback
- RedotPay does more with moving money: QR payments, payouts abroad, free transfers
Self-custodial or custodial, which one do you trust with your card balance?