Broken boilers, wedding gifts, vet bills… there’s always something. And it’s usually when you least expect it.
With Wirex Credit, you can be ready for whatever life throws at you. It lets you instantly borrow stablecoins against your crypto in times of need. All you’ve got to do is tap ‘borrow’ and lock your crypto – your funds will be available in seconds, which you can then spend with your Wirex card.
You don’t need to worry about wasting time on credit checks and approvals, either – Wirex Credit works instantly, so you can take out a credit line while you’re queuing at the till.
Ready to try it out? Here’s how to take out a Wirex Credit line:
Go to the Credit tab in-app and tap Borrow.
Select the cryptocurrency you wish to use as collateral.
Choose your loan to value (LTV) ratio.
Enter the amount you wish to use as collateral, then select the stablecoin you wish to receive credit in.
Tap Continue, double check the details, then tap Confirm.
You’re all done! Your stablecoins will be available instantly, which you can then exchange into another currency, or spend with your Wirex card.