Wirex alternative for cashing out USDT to your own bank
Wirex keeps your money in a Wirex One account and converts it there. To sell USDT or USDC and have local money paid straight into your own bank, Unigox is a Wirex alternative. Keep Wirex for card spending.
When Unigox fits better than Wirex One
You want the USDT sold, not held as dollars
On Unigox you sell USDT once, and the P2P merchant or payment business that buys it pays the bank account you already use, in a currency Unigox serves. In Wirex One the USDT first becomes a dollar balance in your Wirex account, which then sends pounds or euros to your bank, converted from dollars at the prevailing rate.
You need a currency other than dollars, euros or pounds
Where Unigox serves your currency, the buyer of your USDT pays it to your bank or mobile money account. Wirex One's accounts are in dollars, euros and pounds. Beyond SEPA, Faster Payments and ACH, it sends dollars or euros to a Visa or Mastercard card, though it offers its own card in places such as Kenya, Ghana and South Africa.
You are about to upgrade to Wirex One
If all you need is your USDT turned into local money, you can send it to Unigox and sell it there instead. Upgrading closes open Multiply deals and changes your crypto deposit addresses, and the old Wirex app then only shows past activity.
When to stay with Wirex
You spend by card
The Wirex One card charges no foreign exchange fee and pays cashback in US dollars, from 0.5% to 8% by membership tier. Higher tiers need a larger balance, part of it held in Wirex's WPAY token.
You want account details to be paid into
Wirex One can give you account details, such as an IBAN or a UK sort code and account number, so an employer or a client can pay you there.
You keep your money in US dollars
Wirex One counts USDT and USDC one to one in its USD account, with no conversion fee or spread, and sends dollars by ACH to US bank accounts.
You hold other coins or use Earn and loans
Wirex One supports around 70 assets and offers Earn accounts and loans in the same app.
Wirex One vs Unigox for a USDT cash-out
Wirex One is an account, a card and a crypto app in one; the rows compare a single operation, turning USDT into money in a bank account.
| Topic | Wirex One | Unigox |
|---|---|---|
| What it is | An app with USD, EUR and GBP accounts, a payment card, around 70 crypto assets, Earn and loans. | A service for one job: a P2P merchant or a payment business buys your USDT or USDC and pays you local money. |
| From USDT to pounds or euros | The USDT counts one to one in your USD account. From there you send pounds by Faster Payments or euros by SEPA, converted at the prevailing rate, or exchange first between your accounts with Move. | One sale, in a currency Unigox serves: you send in the USDT, and whoever buys it pays the local money into your account. |
| Where the money can go | Bank accounts by SEPA in euros, Faster Payments in pounds or ACH in dollars, or a Visa or Mastercard card. | A bank or mobile money account in a currency Unigox serves. |
| Fees and rate | Wirex One converts at the prevailing rate and shows any conversion or transfer fee on its Review screen before you confirm. A Move settles within its slippage limit. The older app's UK fee list makes SEPA and Faster Payments withdrawals free. | Built into the rate quoted for your sale; there is no separate Unigox fee line. |
| Identity check | Not needed to send or receive crypto. Needed for bank and card transfers, the card, Earn and loans: photo ID and a selfie. | Needed before your first trade, whatever the amount. |
| Regulation | In the UK, Wirex Limited is authorised by the Financial Conduct Authority as an e-money institution (FRN 902025). In the UK and the EEA, crypto services come from Crossmint Europe, S.L., authorised by Spain's CNMV; in the EEA the card comes from Wirex Limited. | Unigox works through two companies: UNIGOX NETWORK CORP. in Canada handles the local-money side and is registered with FINTRAC as a money services business and with the Bank of Canada as a payment service provider; UNIGOX NETWORK CORP. in Panama handles the crypto side, including wallets and escrow. |
UnigoxCashing out on Unigox instead of Wirex
Verify before you sell
Unigox runs its own check before your first sale, even if Wirex has verified you.
Send your USDT across
In Wirex One, use Onchain Transfer from the Home tab to send USDT from your USD account to your Unigox deposit address, on the network the Unigox deposit screen names. A wrong network can lose the funds.
Sell into your account
Choose the currency and amount, add your bank or mobile money details and confirm the rate shown. The merchant or payment business that takes the sale pays you.
Questions from Wirex users
Which Wirex alternative suits someone who only cashes out USDT?
If you only need USDT or USDC turned into local money in your bank account, Unigox is one: you sell it and the buyer pays your account. Keep Wirex One for its card, Earn and other coins.
What are Wirex fees for cashing out USDT to a bank?
USDT sent to Wirex One counts one to one in its USD account, with no conversion fee or spread. Sending it on as pounds by Faster Payments or euros by SEPA converts it at the prevailing rate, with any fee shown on the Review screen before you confirm. The older Wirex app's UK fee list makes those bank withdrawals free. On Unigox the fee is part of the rate you see for your sale.
Is there an alternative to Wirex for currencies its accounts do not hold?
Wirex One's accounts are in US dollars, euros and pounds. If you hold USDT and need another currency in a bank or mobile money account, check whether Unigox serves it today.
Who are Wirex's competitors for cashing out stablecoins?
For selling USDT or USDC into your own bank or mobile money account, Unigox is one competitor, and we have also compared it with Crypto.com, Uphold and RedotPay.
Read the RedotPay comparisonAre there apps or sites like Wirex for selling USDT?
Unigox does one part of what Wirex One does: it sells your USDT or USDC for local money paid to your bank or mobile money account. It runs in a browser and in an Android app from Google Play or as an APK; its iPhone app is listed only in Canada's App Store.
Price a USDT sale before you move it to Wirex One
Type your amount on Unigox to see the rate with its fee included, then set it beside a Wirex One exchange and transfer.
Wirex, Wirex One and other names and logos are trademarks of their respective owners. Unigox is not affiliated with, endorsed or sponsored by them. Information about other companies comes from public sources, mainly the companies' own websites, and each company can change its products and fees at any time.