We don’t do half measures here at Wirex. Instead, we go the extra mile to ensure the utmost safety for both your money and your personal information.
From storing your funds in cold-storage multi-signature vaults to enabling sophisticated device authorisation like 2FA – we implement only the most advanced security measures so that you can use Wirex with complete peace of mind.
Super secure features
Top cryptocurrencies – the Wirex app offers safe and easy access to over 30 top cryptocurrencies, which can be exchanged at exclusive OTC rates.
Supercharged savings – our ground-breaking savings tool, X-Accounts, keeps your funds safe, while generating interest rates of up to 16% AER on selected currencies.
Instant alerts – get notified every time you use your Wirex card in-store or online.
And how safe are our funds in X-Accounts in case of Coinbase bankruptcy?
"Coinbase Says Users’ Crypto Assets Lack Bankruptcy Protections
Cryptocurrency trading firm warns its customers could be viewed as general unsecured creditors
Coinbase acknowledged that reality this week. In its quarterly filings, the crypto trading firm suggested that the digital tokens it holds for its users might not really belong to them if push comes to shove.
“Because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings, and such customers could be treated as our general unsecured creditors,” the company said.
By contrast, securities held for customers by a registered brokerage are legally segregated from the assets of the brokerage, meaning they can’t be touched in bankruptcy proceedings. The Securities Investor Protection Corp., a nonprofit entity set up by Congress in 1970, also insures as much as $500,000 of customers’ securities and cash in brokerage accounts."
Copied from The Wallstreet Journal (wsj_dot_com)