Unlock Instant Liquidity with Wirex Loans

Access liquidity against your crypto holdings — instantly, with no credit check and no fixed repayment schedule. Your assets stay yours throughout. Repay on your own terms, open multiple loans at once, and keep your portfolio intact while you move.

Wirex Loans are fully collateral-backed and require no credit check. Taking out, maintaining, or repaying a loan has no impact on your credit score.

How to take out a loan

1. Go to Borrow in the app.
2. Select the crypto asset you'd like to use as collateral.
3. Choose your loan currency.
4. Set your loan amount.
5. Review and tap Confirm.

Your funds are credited to your Wirex account instantly and your collateral is locked for the duration of the loan.

Make sure your loan stays in the Healthy zone to avoid the risk of liquidation. Loan health is defined by your LTV.

Loan health

Your loan health reflects how safely your loan is positioned, based on your current LTV (Loan-to-Value) — the ratio between your outstanding loan balance and the current value of your collateral. As crypto markets move, your LTV changes. If your collateral loses value, your LTV rises.

There are four loan health levels:

Wirex will notify you when your loan enters the Warning or Danger zone. In fast-moving markets, prices can shift faster than a notification can reach you — check your loan health regularly, particularly during periods of high volatility.

What to do if your loan is in the Warning or Danger zone

If your loan health moves into Warning or Danger, add more collateral to bring your LTV down.

How to add collateral

1. Go to Borrow in the app.
2. Select your active loan.
3. Tap Add Collateral.
4. Select the amount and confirm.

You can also repay the loan in full — this will close it and release your collateral back to your account.

How to borrow more

You can borrow more against your existing collateral at any time, though this will increase your LTV — keep that in mind when markets are volatile.

1. Go to Borrow in the app.
2. Select your active loan.
3. Tap Withdraw.
4. Select the amount and confirm.

Interest

Monthly interest is charged on your loan principal — the amount you originally borrowed, not including any fees. Your accrued interest is updated daily based on your monthly interest rate.

Liquidation

If your LTV reaches the liquidation threshold for your collateral asset, your loan will be automatically closed. Your collateral is seized to cover the outstanding balance, and a liquidation fee applies.

Important: The best way to avoid liquidation is to act early. Add more collateral before your LTV reaches the Danger zone.

How to repay a loan

Repaying your loan closes it and releases your collateral back to your account.

1. Go to Borrow in the app.
2. Select your active loan.
3. Tap Repay.
4. Review and confirm.