X-Accounts is a revolutionary feature that empowers you to earn interest on your cryptocurrency and traditional currency holdings. Available in select countries, this feature offers a secure and simple way to generate interest on account balances.
In essence, X-Accounts is a DeFi-powered savings tool that generates interest on the funds held within it. The interest rate varies based on the subscription plan and tier, currency, and account balance. To open an X-Account, simply access the "Earn" tab on the “Grow” section and follow the on-screen instructions.
With X-Accounts, you can earn interest on a range of crypto currencies, stablecoins, and traditional currencies. The interest rate is calculated daily and paid out weekly.
To start earning interest with X-Accounts, all you need to do is transfer funds from your regular currency account to an X-Account. Once your funds are in the X-Account, you can watch your balance grow as you earn interest. The minimum amount of allocated funds needed to begin earning high-yielding interest is $1 or its equivalent in other currencies.
X-Accounts offers two types of accounts: Flexible and Plus. X-Accounts Plus provides unprecedented annual percentage rates. To gain high-yield interest, the account balance will be locked for a 30-day period before redemption.
On the other hand, one of the main advantages of Flexible X-Accounts is that there are no lock-in periods or withdrawal restrictions. With slightly lower rates of interest compared to X-Accounts Plus, in Fleixble, you can withdraw your funds at any time without any penalties or fees. This makes X-Accounts a convenient and flexible way to earn interest.
You can also boost your interest earnings by choosing to receive your interest payment in WXT. These rewards can be used to pay for subscription fees or exchanged for other crypto or traditional currencies.
In conclusion, X-Accounts is an effective tool for Wirex users who want to earn interest on their cryptocurrency and traditional currency holdings. With an easy setup process and flexible withdrawal options, X-Accounts is an excellent way to grow your wealth over time. Additionally, you can take advantage of the Wirex rewards program to earn even more value for your money.