Home Immigration Should You Use Crypto Debit Cards in 2022?

Should You Use Crypto Debit Cards in 2022?

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Should You Use Crypto Debit Cards in 2022?

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32 COMMENTS

  1. Edit:
    Original comment suggested channel is overly defensive to criticism of some content but fair is fair, they acknowledged my comment with humility which I do genuinely appreciate. Hence the edit rather than just adding another commemt underneath. Thank you 👍🏼

  2. Success is dependent on the actions or steps you take to achieve it. Show me a man who doesn't have an investment, and i will tell you how soon he will go broke. Investment is building a safe heaven for the future. With the right choice of Investment that has at least 1% minimum risk and with an expert Mrs Clara guidance, profit and Intrest is 100% guaranteed.

  3. You can get up to 8% back with a CDC debit card. However 5% (icy white / Rose gold) is probably the most viable option for people on a budget. You need to stake $40K of CRO for 180 days and will earn 12% on that. Your rewards are paid in CRO and there are some merchant codes excluded (mainly financial merchants, government entities etc). The card balance is denominated in fiat, so when you top it up, you need to convert crypto or top up fiat from a connected bank account. The card is a one way road. Balances can be put on to it, but cannot be taken back off. It needs to be spent. I have used this card extensively in Portugal to pay for everyday goods and big ticket items and get 8% back. It's a pretty nice feeling to get 8% back on dental work or architectural fees. CDC is not as good as they used to be. They recently murdered me with their earn allocation limit adjustments. This was about the cards though and those remain great. The Binance card can also give you 8% back but it is has a low upper limit I believe and you need to have a lot of BNB just sitting idle (unstaked) in your account to qualify.

  4. Just pay directly to the shopkeeper’s crypto address (wallet). Assuming that he is willing to accept payments in crypto. There is no point in muddling your life with debit cards and other unwanted paraphernalia , which go through the banking system (which you are scared off in the first place). LOL.

  5. Had several cards from different providers for 6 months and closed them, not worth it. Several conversions which cost you the spread. Cannot use stablecoins. Every conversion is a tax event, so you end up just converting $5k or something of BTC. Essentially it's a $ based card with crypto rewards that try to make up for the conversion cost. Easier just to cash out occasionally or take a loan.

  6. What is probably more sustainable is taking payments directly in Crypto. We are a city of 200,000 and there are 200 + merchants (and growing 2 – 3 per week) accepting BCH. We even have an entire shopping centre where all accept it. No KYC. Almost like real cash. For me this is the future. I know you are not a Roger fan Heidi. But there are other Crypto currencies where the transaction costs are low enough. The cards are just confusing and more of a hybrid model. It really takes the Ponzi fiat system out of the equation. This works when the merchant wants out of Fiat. The merchant doesn't even need to sign up…

  7. Love the channel and your vids but this is probably one of the poorer quality ones you guys have put out. Lack of research on the topic you have choosen as you have confirmed yet still provide an opinion on it. Kinda felt like it was video that you just had to put out there. Is that whats hot with the youtube algorithm right now? As it seems that alot of other crypto youtubers are putting out videos about cryptos cards at the same time aswell

  8. I don't get why they need to work with Visa/Mastercard.
    Prepaid debitcards are basically giftcards that you can top up and you never have to KYC when you buy a giftcard.
    Prepaid debitcards should arrange that paymentssystems in shops accept them and that can be done without Visa/Mastercard

  9. Get it. It was my intro to crypto. I wanted to get involved but I kept hearing about rug pulls. But having a big company like visa partnering with a crypto company I felt these guys aren’t rug pulling abs I jumped in.

  10. I've had Revolut as a backup for over a year. I still haven't KYC'd, even though they've asked me to a handful of times over a couple of months. But this was at least 6 months ago, and no problems so far. But if I join their new Revolut Bank, then I expect KYC to be mandatory.

  11. Binance's debit card doesn't convert the crypto until you actually use the card. And you can prioritize which crypto to use first, which one second etc. Unfortunately, KYC and facial recognition is required (but that'll probably soon be standard for banks anyway).

  12. Testing – YouTube back to deleting comments (with no links or bad words).

    Well, it keeps this, but my long paragraph explaining how the CDC card works (and how good it is and worth having) is gone!

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