Pounds in, stablecoins out. Or the reverse.
Faster Payments connects your UK bank to a USD balance you can spend anywhere Visa works, with USDT and USDC as the way out.
USDC, USDT, DAI and PYUSD, on 10+ blockchains.
On-ramp
Deposit pounds by Faster Payments
Send pounds the same way you would pay a friend. Faster Payments transfers usually arrive within minutes and run every day of the week, so there is no waiting for a banking day to start.
- Verify your identity in the Wayex app. You only do this once.
- Copy your deposit details from the app and send a Faster Payments transfer from your UK bank.
- Your balance is ready to hold, spend with the card, or convert into USDC, USDT, DAI or PYUSD.
Off-ramp
Withdraw pounds to your UK account
Sell USDT or USDC into your balance and withdraw pounds over the same rail. Withdrawals travel by Faster Payments too, so the way out is as quick as the way in.
- Deposit USDC, USDT, DAI or PYUSD on any of 10+ chains, or use your existing balance.
- Request a GBP withdrawal to your UK bank account.
- Receive pounds, typically within minutes.
Settlement speed
- Faster Payments in
- Typically minutes, any day
- Faster Payments out
- Typically minutes once approved
Nearly all UK banks process Faster Payments around the clock. Compliance checks can add time on either side.
What it costs
Pounds convert into your USD balance at the rate shown in the app before you confirm. Wayex does not charge a GBP deposit fee. USDT deposits carry a 0.1% fee; USDC, DAI and PYUSD deposits carry none.
USDT
USDC
DAI
PYUSDDollars without the US bank account
Your balance sits in USD, which makes Wayex a practical dollar account alternative for UK users: hold dollars, spend them on a Visa card, and switch back to pounds by Faster Payments whenever you like.
Common questions
Other currencies
US dollar
Euro
Brazilian real
Mexican pesoReady when you are
Download Wayex, verify your identity once, and move between GBP and stablecoins from a single balance.