Personal Finance

Can you use Wise for cryptocurrency transfers?

Emma-Jane Stogdon

27.06.25

Read time 2 minutes

If you’re into cryptocurrency trading, you’ll want to know what kinds of accounts you can use with crypto exchanges and trading platforms.

While crypto is growing in popularity, not every kind of fiat currency account is compatible with it - so it’s important to check before organising any trades or transactions.

In this guide, we’ll look at whether you can use your Wise account for cryptocurrency transfers. The short answer is no, but we’ll explain everything you need to know below.

Is Wise crypto-friendly?

The Wise account is not crypto-friendly, as buying, selling or trading cryptocurrencies is against the Acceptable Use Policy.

You can also read more about Wise’s position on crypto here.

However, the Wise card works a little differently. You can use it to spend wherever you like (as long as it’s a legal transaction in a supported country) - and this includes cryptocurrency platforms.

Can you use Wise for cryptocurrency purchases?

You can’t use your Wise account to buy cryptocurrency, which includes doing any of the following:

Sending money to cryptocurrency exchanges like Coinbase or Binance
Sending money directly to individuals to buy virtual currency
Sending money to crypto wallets.

Additionally, you can’t use Wise to receive money from cryptocurrency platforms and exchanges that aren’t licensed in the UK or EU, or from individuals as part of P2P trading.

You can’t hold money involved in cryptocurrency trades in your Wise account either (for example, holding funds for another person for the purpose of buying virtual currency).

Here’s some more info on incompatible account and payment types with Wise.

Can you use Wise for cryptocurrency transfers?

No, you can’t use Wise to make cryptocurrency transfers of any kind - it’s explicitly prohibited by the Acceptable Use Policy which applies to Wise accounts.

This also includes using cryptocurrency to pay for money transfers using Wise.

You can only pay for transfers using an approved payment method, such as a bank account, debit or credit card, Google Pay or Apple Pay, or your Wise account.

What can you do with a Wise account?

You may not be able to buy, sell or trade cryptocurrency with Wise, but there’s a huge number of other things you can do with your Wise account.

Once you open your Wise account online (it’s quick and easy), you can:

Hold money in 40+ currencies
Send money worldwide for low fees* and mid-market exchange rates
Get local account details in 8+ currencies, so you can receive international payments for free
Get a Wise card (for a one-time fee of £7) and spend in 150+ countries, just like a local
Same day and instant transfers are available on many popular routes
Dedicated support for large transfer amounts with discounts on transfers above 20,000 GBP
Earn variable returns on your GBP, EUR and USD with Wise Interest. Capital is at risk.

Investments can fluctuate, and your capital is at risk. The Variable rate is based on the performance of the Fund over a 7-day period ending on 9/26/2025. The Fund has achieved an average annual return of 2.76% over a 5-year rolling period exclusive of fees. Interest is offered by Wise Assets UK Ltd, a subsidiary of Wise Payments Ltd. Wise Assets UK Ltd is authorised and regulated by the Financial Conduct Authority with registration number 839689. When facilitating access to Wise investment products, Wise Payments Ltd acts as an Introducer Appointed Representative of Wise Assets UK Ltd. Please be aware that we do not offer investment advice, and you may be liable for taxes on any earnings. If you're uncertain, we urge you to seek professional advice. To find out more about the Funds, visit our website.

It’s a truly international solution, ideal for travellers, expats, digital nomads and global freelancers alike.

Find out more about how Wise works or learn about the Wise account below.

➡️ Learn more about the Wise account

Sources used for this article: N/A

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.