How to Create Wise Account without a Phone Number

Posted on 15/11/24 11:52 am

If you are living abroad and need to make money transfers without opening an account with a local bank, consider leveraging the Wise remittance service.

What is Wise in terms of its core functionality, and how does it differ from similar apps? Furthermore, how can you avoid compromising your real mobile number, which is required for verification? Let's discuss these topics and more in today’s article, starting with the app’s key development points and main features.

What is Wise? Brief History of the App

The core idea for Wise came to one of its co-founders, Taavet Hinrikus, when he moved to the UK from Estonia and began encountering difficulties with transferring money to his home country and other foreign locations. Along with his friend and co-founder Kristo Käärmann, they discovered that UK banks imposed unreasonably high commissions for international transfers. The worst part was that banks secretly built those fees into the exchange rate.

With business experience already under their belts, the two co-founders accepted the challenge and set out to find a solution. They soon came up with the idea to create a platform that would allow users to send and receive international transfers as fast, comfortable, and cost-effective as possible.

They decided to make all fees transparent, so clients could easily understand what they were paying for. This is how TransferWise came to life, later rebranded simply as Wise.

Now, let’s explore how Wise functions and why it has become such a popular tool for international money transfers.

Key Features & Opportunities

Wise provides several services, including:

Send and Receive Money Globally: You can send and receive money internationally, even without a local bank account. Wise uses the mid-market exchange rate to convert currencies, charging a low-cost fee. In contrast to conventional banks, which often offer disadvantageous exchange rates and hidden fees, Wise transfers are much cheaper and more transparent.
Multi-Currency Account: Wise allows you to hold multiple currencies in your account, and you can instantly convert any currency at the mid-market rate. This is ideal for people living or working abroad, freelancers working with international clients, and travelers.
Wise Debit Card: You can use a Wise debit card to spend money in any currency you have available in your account. This means you don’t need to convert funds, and the fees are minimal. This is especially convenient for frequent travelers or those who need to manage multiple currencies.
Business Accounts: Wise also offers tools to help businesses manage expenses and payments. This is particularly helpful for companies that deal with international partners and clients.
Investment Options: For participants in the Wise Assets program, you can also invest in the iShares World Equity Index Fund, which includes shares from companies like Apple, Microsoft, Tesla, and more.
Personal or Business Accounts: Wise lets you open either a personal or business account, with seamless integration to accounting systems and business platforms. For business owners, freelancers, and other organizations, Wise offers simple money management with significantly lower fees compared to other services.

Wise Account Registration and Setup Process: Step-by-Step

Register for either a personal or business account on the app.
Enter your email and mobile number to start the registration.
After verifying your account, complete your personal details.
To open your balance, click on ‘Open’ and press the ‘Plus’ button, then select your preferred currency.
Make a deposit to fund your account by choosing a deposit method and confirming the action.
Complete identity verification according to KYC (Know Your Customer) regulations. You may need to provide documents like a national ID, driver’s license, or proof of address.
Once verified, click ‘Finished Verifying’.
Add recipients by selecting ‘Add Recipients’, entering their details, and confirming the setup.

How to Create a Wise Account without a Phone Number?

If you want to create a Wise account without revealing your real mobile number, you can use a virtual phone number with limited duration.

These numbers, unlike traditional cellular phone numbers, allow you to receive OTP (One-Time Password) verification codes without the need to:

Purchase and install a SIM card.
Submit a proof of identity.
Reveal your physical address or link it to a particular device.

Using virtual phone numbers is useful for:

Gaining access to services or platforms that are restricted in your region.
Registering for platforms that only accept local phone numbers (common in certain Asian and South Asian apps).
Managing multiple accounts for promotion, sales, or other business purposes.
Enhancing privacy and avoiding unnecessary exposure of your real contact information.

By leveraging the SMSOTPVerify platform, you can protect your anonymity when signing up for over 4,000 supported global and local services, including social media, messaging apps, delivery services, and more. With 190+ country codes available, you can easily find a suitable number for your needs.

How to Buy a Disposable Phone Number for Wise Using SMSOTPVerify

Here’s how you can obtain a temporary phone number for Wise using SMSOTPVerify:

Sign up on smsotpverify.com with your email or Google account.
Top up your balance with a few dollars or cryptocurrency.
On the homepage, go to the ‘Receive SMS’ tab, select the service you need (Wise), and choose the country code.
Purchase a phone number from the available list.
Once purchased, you will be redirected to your account’s ‘Received Numbers’ section.
Submit this number during your Wise registration.
In your SMSOTPVerify account, click on the ‘Receive SMS’ button next to the number you bought to get the OTP.
Use the OTP to complete the verification and finalize your Wise registration.

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