I have not been using them - not available from where I'm located these days. They were doing 10% cashback on purchases up until recently. There are quite a few offerings in terms of crypto debit cards now. Binance are also doing one (with 8% cashback) and they bought Swipe (who had also issued a card). Nexo, Coinbase and Monolith are other options.Anyone have a crypto.com debit card they are giving cash back rates of up to 8% for their topcard. Also interest of 12% on stable coins like Tgbp. I have been using them now for 3 months but with the lower tierd card of 3% rebate on all purhases plus free spotify and netflix.
Just curious is anyone else using them or similar
It looks like Binance are going to phase Swipe out in favour of its own offering.Yes seen the swipe one went for the crypto one at 3% as the cost was reasonable. The swipe one at 8% involves a stake of 30/40k which is out of my league. The crypto one was giving 10% back on groceries etc for 6 months but has now ended.
Do you have any opinion on the the reliability on the Crypto.com projectIt looks like Binance are going to phase Swipe out in favour of its own offering.
I don't really - or certainly not to a level of conviction that I'd suggest you base any decision on. I'm very cynical about staking - I don't like it (for tokens that have not proven themselves in any other way). But it turns out it doesn't matter what I think as it's proving to be wildly successful. I don't like the idea of having to stake and use their token - but it has been a cornerstone of their success to date.Do you have any opinion on the the reliability on the Crypto.com project
Yes I get where your coming from on the staking. Personally I staked from their ruby card roughly 1300 euro. Have received 400 euro back in cashback so far 3 months in but that amount dropping with the end of the 10% promotion. Original stake value roughly the same but tied up for another 3 months so there in lies my risk. Have invested in Tgbp which is 1 for 1 with sterling at 12% which is giving me 30 pound per week. But dont feel secure but then everything in crypto is a risk. As you say they seem to be aggressively marketing new opportunities all relating to staking their coin. Eg syndicates/ supercharger. Thanks for your input its nice to hear someones opinion with no stake in themI don't really - or certainly not to a level of conviction that I'd suggest you base any decision on. I'm very cynical about staking - I don't like it (for tokens that have not proven themselves in any other way). But it turns out it doesn't matter what I think as its proving to be wildly successful. I don't like the idea of having to stake and use their token - but it has been a cornerstone of their success to date.
I know that they really are digging their claws in to this space. They seem to sponsor all manner of crypto media (particularly podcasts) and they're currently hiring worldwide in large numbers.
Yes I get where your coming from on the staking. Personally I staked from their ruby card roughly 1300 euro. Have received 400 euro back in cashback so far 3 months in but that amount dropping with the end of the 10% promotion. Original stake value roughly the same but tied up for another 3 months so there in lies my risk. Have invested in Tgbp which is 1 for 1 with sterling at 12% which is giving me 30 pound per week. But dont feel secure but then everything in crypto is a risk. As you say they seem to be aggressively marketing new opportunities all relating to staking their coin. Eg syndicates/ supercharger. Thanks for your input its nice to hear someones opinion with no stake in them
What's your motivation in getting the card? Do you just want a card that you can spend crypto funds in €\$ with? Or is it the discounts on purchases or potential gains in the token?I am planning to get the same card but I am still in doubt.
Trust Token - a stablecoin that in this case (TGBP) tracks the pound sterling.What Tgbg stands for? I am new and saw that somewhere else but don't remember.
What's your motivation in getting the card? Do you just want a card that you can spend crypto funds in €\$ with? Or is it the discounts on purchases or potential gains in the token?
Hi did you go ahead with the card.I am planning to get the same card but I am still in doubt. If it were today would you make the same decision you made 3 months ago?
What Tgbg stands for? I am new and saw that somewhere else but don't remember.
Hi did you go ahead with the card.
No benefit apart from Cashback.
The only other benefit is for ease of access to Crypto through the app but as you rightly said it is volatile.
Doesn't sound like a workable plan for tax evasion (not that I'm in any way advocating for that). Revenue can just as easily request data from crypto exchanges as it can from banks.I think a certain cohort who don't like keeping the rules would possibly see it as a way to keep their crypto gains off revenues radar also. Spending directly from the crypto exchange would mean no gains showing in bank accounts to be questioned for tax purposes.
Doesn't sound like a workable plan for tax evasion (not that I'm in any way advocating for that). Revenue can just as easily request data from crypto exchanges as it can from banks.