Crypto debit cards

[SilverClouds]

Your opinion on Offramp.xyz and Zypto? Not asking about Bitwala / Nuri because they loot their customers, apparently . Other crypto cards? I mean something you can pay your bills and buy groceries with.

 

[Zwielicht]

I keep seeing ads for these, more specifically for "no fees" crypto debit cards.

I've not looked into them much, but at this point, I'm almost wary of them just because there are so many ads pushing for them and making them sound like the deal of a lifetime. I mean, who knows, maybe they're great, but I can't help but wonder if there's some sort of caveat with them that hasn't been widely noticed yet.

Those are just my thoughts on them right now. I'll look into them more eventually and get a clearer picture of them one of these days.

 

[polecat]

I like the idea behind that sort of system but my main concern would they could do something bad to you over it or it could be used as possible way to track your payments meaning you may get a high tax bill without you knowing until it happens.

 

[t2van]

I don't understand why someone would want to do this.

It's converting to FIAT currency at the time of purchase. Given crypto is so volatile and fees associated with it, wouldn't it just make more sense to cash out on a high and then transfer those funds to a pre paid card or to your bank.

It's not going to be as efficient as say, using your debit card and paying that days exchange rate.

 

[SilverClouds]

I like the idea behind that sort of system but my main concern would they could do something bad to you over it or it could be used as possible way to track your payments meaning you may get a high tax bill without you knowing until it happens.

Yeah, need to use money somehow, though, not just look at my wallets . Offramp seems to send cards to Sri Lanka, which is... Uncommon. Literally with most fintechs I'd have to have someone in Poland forward the card to me, lol.

 

[polecat]

Yeah, need to use money somehow, though, not just look at my wallets . Offramp seems to send cards to Sri Lanka, which is... Uncommon. Literally with most fintechs I'd have to have someone in Poland forward the card to me, lol.

I get you .

You can if you want quite easy just get Paypal business card it can I think work in most country so you use your paypal balance to pay for things.

 

[Zwielicht]

I don't understand why someone would want to do this.

It's converting to FIAT currency at the time of purchase. Given crypto is so volatile and fees associated with it, wouldn't it just make more sense to cash out on a high and then transfer those funds to a pre paid card or to your bank.

It's not going to be as efficient as say, using your debit card and paying that days exchange rate.

I think these crypto cards are trying to appeal to people who don't have the patience to work out all the nuances to do with crypto. After all, converting or even just using some crypto for transactions isn't always a straightforward process, like what I described with Tron here.

Trying To Buy Something With Crypto For The First Time
So I wanted to buy the new server with crypto as I have enough in there to pay for the servers months in advance. I saw that they accepted TRON TRC20.

I thought, "Hey, I know that one", so I selected that as the invoice option. I'm given the wallet address to send the payment to, so I open up Ledger Live feeling excited to make my first payment.

Disappointment soon hit me when I was greeted with a warning message just before the transaction that said something like, "The SUN doesn't have enough energy! This transaction may cost up to an extra 50TRX".

I looked into this and found out that transactions cost... energy... that you can also rent or something... which sounds like BS. Look, I know there's a reason behind it, but all I could do was make comparisons to end-stage 2020 Angry Birds where after playing for a few levels, the game would stop you from playing with a message like, "Your birds are tired and have no energy, you need to wait 24 hours for them to rest... or you can wake them up with an ENERGY BOOST for 50 Bird Bucks, which you can purchase in the AB store for $5".
I ended up just not buying the server with crypto out of sheer annoyance.

 

[SilverClouds]

I don't understand why someone would want to do this.

It's converting to FIAT currency at the time of purchase. Given crypto is so volatile and fees associated with it, wouldn't it just make more sense to cash out on a high and then transfer those funds to a pre paid card or to your bank.

It's not going to be as efficient as say, using your debit card and paying that days exchange rate.

Is it, though? Bitwala for sure can hold both crypto and EUR so I'm thinking you can convert to EUR. Just not considering this service because they're scammers, crazy comments on reddit (especially under their previous name). Not sure about these other services.

Looking at what banking alternatives are available. Since moving my ass to another continent banks aren't too friendly. Maybe USDT / USDC (or something along these lines) + card like that would be helpful in addition to other fintechs I have. Real offshore bank accounts are a bit of a problem for someone that broke (I have too little money to open offshore bank account but a bit too much for these fintechs). Also for just accepting payments, if some people would pay in crypto I need to know I can actually use that money and not just look at it at the screen. I know I can pay out by bank transfer from exchanges but 1. I have problems with opening bank accounts 2. These exchanges have issues of their own, I have mixed feelings... 3. Some 'normal' bank accounts actually flag crypto so I don't want to loose the accounts that I do have only because someone feels pseudo-blackhat (without actually being blackhat) and uses shady payment method that I won't be able to cash out comfortably, lol.

So yeah, many reasons for that. Might or might not be useful, just looking around. Checking traditional banks too but it's tough.

 

[t2van]

Is it, though? Bitwala for sure can hold both crypto and EUR so I'm thinking you can convert to EUR. Just not considering this service because they're scammers, crazy comments on reddit (especially under their previous name). Not sure about these other services.

Looking at what banking alternatives are available. Since moving my ass to another continent banks aren't too friendly. Maybe USDT / USDC (or something along these lines) + card like that would be helpful in addition to other fintechs I have. Real offshore bank accounts are a bit of a problem for someone that broke (I have too little money to open offshore bank account but a bit too much for these fintechs). Also for just accepting payments, if some people would pay in crypto I need to know I can actually use that money and not just look at it at the screen. I know I can pay out by bank transfer from exchanges but 1. I have problems with opening bank accounts 2. These exchanges have issues of their own, I have mixed feelings... 3. Some 'normal' bank accounts actually flag crypto so I don't want to loose the accounts that I do have only because someone feels pseudo-blackhat (without actually being blackhat) and uses shady payment method that I won't be able to cash out comfortably, lol.

So yeah, many reasons for that. Might or might not be useful, just looking around. Checking traditional banks too but it's tough.

Banking though, I wouldn't say is hard just more paperwork and in-person visits etc If unwilling to jump through the hoops, why move there to start with. Anyhow....

For me I think if I had $500 in crypto and I went shopping my concern would be in that time it takes me to get to the shop and make a purchase that $500 has dropped to $490 or less.

Just seems like a bit of a stress or having to double check the balance before time of purchase to make sure the funds are all there!

If it was that much of a concern id either not accept the crypto in the first instance. OR I would just stick with whatever the most common exchange would be and then transfer it out that way to either a virtual card or direct deposit. Go to Coinbase > Coinbase Card > Spend Money

 

[Vix]

I've been using Trustee Plus for about a year now.
They offer both physical and virtual cards, and the virtual card syncs perfectly with Google Wallet, it works flawlessly.
The app itself is top-notch.

Honestly, I haven't seen such a smooth, responsive, and well-designed app in a long time.
Their fees are minimal, and if you sign up through someone's referral, that person receives half of the fees as a bonus.

 

[SilverClouds]

If unwilling to jump through the hoops, why move there to start with.

I know most of you guys are submissive (can't say for everyone, of course) but I'm not and I'm not impressed by a stranger trying to control what I do in life, where I move or not move, what kind of account I open, etc. I just asked if anyone uses these kind of cards and can share a positive or negative review. I didn't ask for anyone to order me around. If you want to do that, you'd have to start paying all my bills . Sorry not sorry . It doesn't work when you're a stranger. I'm not your dependent (or even employee) for you to boss me around.

I have you on ignored. I can click 'show ignored content' to take a peek, which makes sense if someone comments on my thread, but perhaps it'd be best if you added me to ignored too so my threads won't be tempting to comment on.

@Vix Thanks, I will check if they send to Sri Lanka. It's a bit of an issue. I can perhaps use a forwarding service from Poland to Sri Lanka but idk if blacklisted.

 

[t2van]

I know most of you guys are submissive (can't say for everyone, of course) but I'm not and I'm not impressed by a stranger trying to control what I do in life, where I move or not move, what kind of account I open, etc. I just asked if anyone uses these kind of cards and can share a positive or negative review. I didn't ask for anyone to order me around. If you want to do that, you'd have to start paying all my bills . Sorry not sorry . It doesn't work when you're a stranger. I'm not your dependent (or even employee) for you to boss me around.

I have you on ignored. I can click 'show ignored content' to take a peek, which makes sense if someone comments on my thread, but perhaps it'd be best if you added me to ignored too so my threads won't be tempting to comment on.

@Vix Thanks, I will check if they send to Sri Lanka. It's a bit of an issue. I can perhaps use a forwarding service from Poland to Sri Lanka but idk if blacklisted.

What part of that makes you think I'm trying to control you or anyone else?

You are beyond delusional.

I don't ignore anyone, but you are a total fuckwit.

 

[INCC]

I had a crypto debit card back in 2016 and that thing died on me constantly and put me in odd situations because I was overseas in countries where people didn't speak much English and my card payments didn't go through and there was constant headache with that thing.

It was called Xapo if I remember correctly.

Technology has obviously evolved in the past 9 years but I will not go back to this bullshit anymore.

You can have crypto in the Revolut app and cash it to fiat whenever you need it and use Revolut debit cards to pay.

What you can do is register a Revolut account, ID-verify yourself and send the card to one of your relatives address in Poland and let them to send it to you in Sri Lanka (or check maybe they do deliver them to Sri Lanka too if you have a Polish citizenship)

I have used my Revolut for 5-6 years and have had almost no issues with it (I have business and regular both, works with Stripe too).

 

[Aidan]

I don't understand why someone would want to do this.

It's converting to FIAT currency at the time of purchase. Given crypto is so volatile and fees associated with it, wouldn't it just make more sense to cash out on a high and then transfer those funds to a pre paid card or to your bank.

It's not going to be as efficient as say, using your debit card and paying that days exchange rate.

Have you ever even used a crypto card, lol.

Your posts just scream that you have never actually even used one, or that you simply don't just understand how they work in theory.

@SilverClouds
Are you looking for KYC or non-KYC cards?

 

[t0mmy]

I’ve been using crypto.com card for a long time and have zero issues, fees are reasonable and transfers etc are quick!

 

[t2van]

Have you ever even used a crypto card, lol.

Your posts just scream that you have never actually even used one, or that you simply don't just understand how they work in theory.

I understand how they work.

So you are telling me that there is no volatility with them?

So if the price of crypto goes up or down you don't lose or gain any money on that card?

Because every service I see says they are exposed to market volatility or do you not know what that is?

 

[SilverClouds]

@SilverClouds
Are you looking for KYC or non-KYC cards?

Both are ok... Non-kyc would be really nice but kyc is fine too if I'm able to pass said kyc. I moved to another continent and banks want me to kyc at my old address which I don't own anymore, Sri Lanka is often unsupported (I have 1 year rental agreement on a house here). But non-kyc would be very useful for some things too.

I’ve been using crypto.com card for a long time and have zero issues, fees are reasonable and transfers etc are quick!

I thinkkkk this sends cards to Sri Lanka . What is CRO lockup, do I need to freeze $5k there?

 

[Aidan]

I understand how they work.

You clearly don’t.

So you are telling me that there is no volatility with them?

So if the price of crypto goes up or down you don't lose or gain any money on that card?

Because every service I see says they are exposed to market volatility or do you not know what that is?

Educate yourself and you might even see that there are these fancy cryptos that are pegged to the US Dollar.

Educate yourself some more and you might even learn that there are hundreds of crypto networks that allow for near instant block times with almost gasless transactions.

Keep up, old chap; We’re not in 10-minute block times on L1s, lol.

Both are ok... Non-kyc would be really nice but kyc is fine too if I'm able to pass said kyc. I moved to another continent and banks want me to kyc at my old address which I don't own anymore, Sri Lanka is often unsupported (I have 1 year rental agreement on a house here). But non-kyc would be very useful for some things too.

Yep. Sri Lanka is not really among the first countries to be crypto cards.

Still have a Polish passport? Maybe get a mailbox from there and do the verifications?
Most just need the passport and some address to send the physical card to (if you want a physical card).

Holyheld, Nexo, Metamask Card, Zypto, Gnosis Pay.

Stella Pay I believe supports Sri Lanka, but it’s a meh card.

Non-KYC cards have much higher fees and can be a bit sketchy. If you need a list, shoot me a dm instead.

 

[t2van]

You clearly don’t.




Educate yourself and you might even see that there are these fancy cryptos that are pegged to the US Dollar.

Educate yourself some more and you might even learn that there are hundreds of crypto networks that allow for near instant block times with almost gasless transactions.

Keep up, old chap; We’re not in 10-minute block times on L1s, lol.

So you are telling me...

That if I leave the house and say my 100 crypto and its worth $1.00 each exactly.

If there is a sell off by the time I get to the store and the price has dropped to 0.90

I still got $100 to spend and not $90?

Yes, crypto cards are exposed to the price volatility of cryptocurrencies. When you load a crypto card with cryptocurrency, its value can fluctuate based on the market's price movements. This means the purchasing power of the card can change, potentially leading to a loss if the value of the crypto asset decreases before you spend it.

So please explain to me why that is not the case and that these cards are not exposed to this.

Because I might as well just add 5 BTC to one and then im protected against any drops in the market.

 

[Aidan]

So you are telling me...

That if I leave the house and say my 100 crypto and its worth $1.00 each exactly.

If there is a sell off by the time I get to the store and the price has dropped to 0.90

I still got $100 to spend and not $90?

What do you not understand in a crypto being 1:1 pegged to USD or other currencies.

Do you also wonder how electricity just magically comes from a magic outlet from inside your walls?