I'm looking to acquire a crypto card and I'd love to hear feedbacks/advices from those who already use one.
(If possible, a card that's available in the US or Europe.)
Posted Using LeoFinance
I'm looking to acquire a crypto card and I'd love to hear feedbacks/advices from those who already use one.
(If possible, a card that's available in the US or Europe.)
Posted Using LeoFinance
I use the crypto.com (MCO) card all the time and I love it. I got the 3% cash back version and it makes it super easy to spend crypto.
Cool! Are the top-up fees high?
From what I remember, sometimes these cards use outrageous conversion rates. (and that's what kind of stopped me in the first place 2 years ago when I looked at crypto cards)
As far as I can tell the conversion rates to top up are about what I see for current market rates...either way it's definitely way better than what I was paying to convert to USD through Coinbase.
Good to know!
Thanks for your feedbacks, I might give it a try 😉
I actually have another question, on top of the perks, do you earn interests on the MCO you stake during this 6 months lock up? (I mean the 50 or 500 MCO that you stake to get the card)
Hey, sorry for the slow reply...you get 6% APR interest rate on your MCO tokens, paid in MCO tokens weekly.
Does crypto.com also offer any help with tax reporting? I think here in the US spending crypto is still considered as a taxable transaction...so for me its hard to see why I want to spent crypto for everyday purchases... what do you think?
I still have a Bitpay card from ages ago. I've started using CashApp for most traditional cash banking and they support buy/sell for BTC so I seldom need a dedicated card.
I've never heard of CashApp, it seems to be owned by Square which is a very popular service, that's interesting.
Do they have good rates when it comes to go from BTC to USD?
I'll try to read more about it.
Yeah I believe they are a division of Square. Jack Dorsey's commitment to Lightning Network development is the real reason I use them to be honest with myself. I also like that they give you a CashApp card that they provide bonuses for spending with.
The rates aren't the best but they cover tx fees when sending from their wallet so there's at least that. If I were to buy $100 worth of BTC I would be charged $2.28 right now at a $8,835 rate. CMC is showing the average at $8,871.39 for a comparison.
If you decide to check them out I'd be honored if you used my referral. They give each of us $5 after you send your first payment on there from user to user.
Awesome, thanks for the feedbacks!
I still to need to make some research but I'll definitely use your referral if I choose Cash App 😉
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I've just ordered the Coinbase one. Also the Nexo card looks interesting but it is just announced and not released from so long time.