Case summary
What happened
Wirex announced X-Accounts in June 2021 as an app-based product for earning interest on transferred assets and expanded the supported asset set soon after launch. Current materials describe Flexible accounts with variable rates and on-demand withdrawals, Plus accounts with higher fixed rates and a redemption-notice period, and Fixed accounts with selected lockup terms. Current terms state that X-Accounts are not bank or deposit accounts, are not protected by government-backed depositor-compensation schemes, and involve transfer of ownership of deposited crypto-assets to Wirex for use or management at its discretion.
Customer result
Customer outcome
Not applicable
Not-applicable reflects the absence of a reviewed failure or recovery process, not an assurance of principal protection, uninterrupted access, product availability, or solvency. X-Accounts are explicitly outside government-backed depositor-compensation schemes.
- Estimated recovery
- No platform-wide customer-loss, claims, or repayment event was identified for Wirex X-Accounts in the reviewed sources; the product remains active.
- Repayment started
- —
- Repayment completed
- —
- Confidence
- High
Asset treatment
Terms risk
Platform-owned
The terms also state that X-Accounts are not bank or deposit accounts and are not covered by government-backed depositor compensation, insurance, or guarantee schemes. This classification applies only to X-Accounts, not every Wirex wallet, card, payment, or trading balance.
- Affected product
- X-Account Flexible, X-Account Plus, and Fixed X-Account
- Confidence
- High
Wirex X-Account terms state that customers transfer ownership of deposited crypto-assets to Wirex, which may use, hold, or manage those assets at its discretion while owing the contractual account balance and interest treatment.
Known unknowns
Uncertainty
Availability, eligible assets, account variants, rates, limits, legal entity, and withdrawal conditions vary by country and can change. The record does not cover the entire Wirex payments, card, trading, Multiply, or Credit business.
Chronology
Historical record
Wirex launches X-Accounts
Wirex announced the launch of X-Accounts as an app-based product for earning interest through crypto and DeFi-linked allocations.
Product launch event for X-Accounts, not the launch of the broader Wirex platform.
Wirex expands the asset set supporting X-Accounts
Wirex announced additional crypto-assets on its platform and described continued expansion of X-Accounts shortly after the product launch.
Early product-expansion milestone; historical availability does not establish the current asset list.
Wirex One migration closes Classic X-Accounts in EEA, UK and Australia
Wirex's migration FAQ set 30 June 2026 as the deadline for Classic Wirex support in the EEA, UK and Australia and states that active Classic X-Accounts in those regions are closed with funds returned to the main balance as part of the Wirex One migration.
Regional Classic Wirex migration event only. Do not interpret this as a global shutdown of X-Accounts; Wirex One and current Wirex materials continue to describe X-Accounts.
Wirex documents current Flexible, Plus, and Fixed X-Accounts
Current Wirex materials described active Flexible, Plus, and Fixed X-Account variants with variable or fixed rates, weekly interest, different lockups, and different withdrawal conditions.
Current-state snapshot; country eligibility, assets, limits, rates, and exact terms can change.
Source record
Evidence dossier
Filter by claim, reliability, source type, and whether evidence is linked to a specific event.
Event
3 sourcesBringing DeFi to the masses: launch of X-Accounts and Fireblocks partnership
Wirex / PR Newswire · 2021-06-23
Company-issued launch announcement syndicated through PR Newswire.
Interest in X-Accounts grows as Wirex lists fifteen new coins
Wirex / PR Newswire · 2021-07-12
Company-issued early expansion announcement syndicated through PR Newswire.
Passaggio a Wirex One? Tutto quello che devi sapere
Wirex
Official Wirex migration FAQ. It supports a regional Classic Wirex migration/closure of X-Accounts in the EEA, UK and Australia after 30 June 2026, with balances returned to the main balance. It does not support a global X-Accounts shutdown.
status
2 sourcesWhat is X-Accounts?
Wirex
Current first-party product overview covering availability, daily calculation, weekly payment, and account access.
Which X-Account type is right for you?
Wirex · 2026-02-03
Current first-party guide comparing Fixed, Plus, and Flexible X-Accounts.
terms risk
1 sourcesX-Account Terms of Service
Wirex
Current product terms defining Flexible, Plus, and Fixed variants, rates, lockups, withdrawals, ownership transfer, asset use, and lack of deposit-guarantee protection.
No evidence records match the current filters.
Comparative records