Unfortunately not all the info in this video is correct. CDC purchase rebates are refunded in CRO, not in USD. And card topup for Wirex in Europe has no fees. I've done it many times and never paid a fee.
Hi. Jus wondering if you can answer a question. So with this debit card, could I transfer bitcoin, stable coin or other on the card and use the crypto, to buy things? Or is it only deposit of fiat you can spend. Also is there any tax implication? Thanks
Why use cryptocurrency if I have to give up security and privacy? Then I'd rather use a classic card. This is against the mentality of crypto. We want to get out of the matrix, they say use crypto inside the matrix. No.
If you're living in a country such as the US, the IRS may want to have a word with you. That's because, every time you use your card, you might be triggering a taxable event. This depends on factors like whether you've held onto the coin until you've earned some gains. It's wild. I know. :/
It was irresponsible reporting on the author's part to omit the fact that in the United States ALL purchases of goods and/or services with crypto are considered to be taxable events and MUST be reported to the IRS when filing taxes. This applies to both big-ticket purchases like a house as well as tiny purchases like a cup of coffee. Crypto can be an accounting nightmare if the crypto holder isn't prepared for these bookkeeping responsibilities. Unless a crypto holder has the ability and desire to calculate this information or is willing to pay someone else to do it, it is advisable to refrain from purchasing any goods or services with cryptocurrency under the current tax law. Hopefully at some point the tax laws will change to more crypto-friendly purchases of goods and services. Until then, if you plan to use crypto to buy goods and/or services with cryptocurrency, be sure to document all of your transactions and become familiar as to how this gets reported on your tax return. Good luck.
@@raythomas5090 As long as one still retains his US affiliation even if he/she lives abroad this tax implication is still valid. What is the difference between using crypto debit card being inside of the US or outside of it in this regard?
nexo has a strict No VPN policy, be very cautious. Wirex has a poor reputation. I know people that had multiple failed transactions and support never fix it.
If you're living in a country such as the US, the IRS may want to have a word with you. That's because, every time you use your card, you might be triggering a taxable event. This depends on factors like whether you've held onto the coin until you've earned some gains. It's wild. I know :/
Great vídeo. Should have talked about Binance also. It's a great choise. 🙌
I was wondering the same why no Binance ? Excellent video tho
Probably they are in USA where Binance card isn't available.
Thanks for these slices of education
More coming your way!
On November 28, 2022, BlockFi filed for voluntary cases under Chapter 11 of the U.S. Bankruptcy Code.
I have an account in Nexo but decided to go for a Wirex card because Nexo card isn't available in my country
What is your country?
Unfortunately not all the info in this video is correct. CDC purchase rebates are refunded in CRO, not in USD.
And card topup for Wirex in Europe has no fees. I've done it many times and never paid a fee.
Hi. Jus wondering if you can answer a question. So with this debit card, could I transfer bitcoin, stable coin or other on the card and use the crypto, to buy things? Or is it only deposit of fiat you can spend. Also is there any tax implication? Thanks
most of them operate that way
MoneyLion debit card and also the cash app debit card
Can any one tell me which crypto debit card provider available for indians
None
What about without kyc????
there's one coming but only for U.S. usage and citizens, but check out ultimo, it comes with an os bank account in your name
Why use cryptocurrency if I have to give up security and privacy? Then I'd rather use a classic card. This is against the mentality of crypto. We want to get out of the matrix, they say use crypto inside the matrix. No.
Get a non custodial NFC card
Don’t you pay taxes on top of taxes for selling you crypto and what ever your buying with it
If you're living in a country such as the US, the IRS may want to have a word with you. That's because, every time you use your card, you might be triggering a taxable event. This depends on factors like whether you've held onto the coin until you've earned some gains. It's wild. I know. :/
Which debit card is available in malaysia?
Plutus and Monolith debit cards
Worth mentioning: Nuri, Spectrocoin, Changeinvest, Eidoo, Crypterium, Trastra and Cryptopay also
@@k4r4y can I use fiat like Australia dollar in any of those as well? Thanks in advance
It was irresponsible reporting on the author's part to omit the fact that in the United States ALL purchases of goods and/or services with crypto are considered to be taxable events and MUST be reported to the IRS when filing taxes. This applies to both big-ticket purchases like a house as well as tiny purchases like a cup of coffee. Crypto can be an accounting nightmare if the crypto holder isn't prepared for these bookkeeping responsibilities. Unless a crypto holder has the ability and desire to calculate this information or is willing to pay someone else to do it, it is advisable to refrain from purchasing any goods or services with cryptocurrency under the current tax law. Hopefully at some point the tax laws will change to more crypto-friendly purchases of goods and services. Until then, if you plan to use crypto to buy goods and/or services with cryptocurrency, be sure to document all of your transactions and become familiar as to how this gets reported on your tax return. Good luck.
That’s why you move out of country. To country that’s doesn’t have tax laws against crypto. Or doesn’t tax as much
@@raythomas5090 As long as one still retains his US affiliation even if he/she lives abroad this tax implication is still valid. What is the difference between using crypto debit card being inside of the US or outside of it in this regard?
If the capital gains is 15% then it makes sense to take a draw twice a year. Better than earned income.
@@keepitreal829 Why is it? Why not 3 or 4 times per year?
Yes it's better especially if Bitcoin goes up drastically. Less accounting.
Good job
Thanks! More awesome videos coming your way!
it the company created its own token when there is absolutely no need it means it is only another way to generate more money from its customers
Please recommend card for Pakistan
Redotpay
@@MrBeatDesign thanks
How can I get one in Guyana 🇬🇾🇬🇾🇬🇾🇬🇾🇬🇾
nexo has a strict No VPN policy, be very cautious. Wirex has a poor reputation. I know people that had multiple failed transactions and support never fix it.
Which card available in india?
Redotpay
Nice project
Glad you like it!
Smog Token's showin' some promise, don't you think? 💨📈
Nice
Those taxes tho' 😐
If you're living in a country such as the US, the IRS may want to have a word with you. That's because, every time you use your card, you might be triggering a taxable event. This depends on factors like whether you've held onto the coin until you've earned some gains. It's wild. I know :/
Thats why you use no kyc crypto cards.. IRS. Can kiss ass…😅😅😅
You forgot BitPanda and Binance 😊
xapo card
KYC.....no thanks.
Please reply i need help if i can spend without kyc
I'm not about to take financial advice from institutions that make money by keeping my finances. Fuck the system😂
Wxt wxt wxt wxt wxt the one and only 😊😊😊
Ty🤍