Crypto.com VISA CARD & Exchange Review For CANADA

Поделиться
HTML-код
  • Опубликовано: 8 фев 2021
  • This is the 1st Crypto Visa/Debit that is available to Canadians (that works).
    Use my referral link crypto.com/app/cymdvyh6rf to sign up for Crypto.com and we both get $25 USD :)
    Timestamps:
    1:24 Exchange
    2:12 DeFi
    2:33 Visa Card Intro
    3:04 Comparing to other Credit cards
    3:52 CRO token
    4:16 How to get Visa Card
    4:34 Other Benefits of Credit Card
    5:29 Cons of Crypto.com
    6:20 My experience
    7:00 Cashback
    8:00 Conclusion
    9:22 How to Get $30 in free $USD
    Read more of my thoughts below:
    Looking for one crypto app to do it all crypto.com is for you!
    I review the exchange (pleasantly surprised), and the Crypto.com 2% cashback metal credit card. How to get started, use and what it will cost you to stake to receive up to 8% cashback with included Spotify, Netflix, Amazon Prime, air port lounge access and more!
    Other features of Crypto.com:
    - Defi Wallet earn up to 12% APY on stable coins and 4% on your Bitcoin
    - Crypto Loans
    - 66 alt coins available to purchase
    - Crypto.com bill payments
    - Recurring buys
    CONS of Crypto.com
    - Min exchange of 600 CRO when swapping to other coins.
    - App relies on (CRO tokens as rewards and stake)
    - Hard for Beginners (Etransfers, Application, Stake, DeFi)
    - Crypto removal fee of up to $15 (.00015 BTC)
    - KYC sign up process
    - Questionable history of MCO & CRO Merge
    - 6 Month CRO stake.
    📺 More of my videos:
    #1 Place to Buy Bitcoin for Canadians 🍁
    www.youtube.com/watch?v=pHTzQ...
    ✅ How to Invest in Bitcoin with your TFSA
    • How to Invest in BITCO...
    🍁Converting my CERB into Bitcoin
    www.youtube.com/watch?v=xqY5t...
    -----
    THANKS FOR WATCHING!
    📺 SUBSCRIBE:
    ruclips.net/channel/UCRPL...
    Questions? Need help? Message Me:
    📮 Telegram: t.me/dhoneysett
    Connect with Me:
    📸 Instagram: / darrenhoney...​
    👔 LinkedIn: / darren-ho...​
    🌐 www.darrenhoneysett.com
    *I may be an affiliate for companies promoted on this channel. By purchasing through links you are helping support me make more content.

    *Disclaimer: My content is not financial advice, I am simply discussing cryptocurrency, finance, stocks, investing. I am not a financial advisor. If you want to invest in cryptocurrency do your own research. Invest at your own risk. ⁠

Комментарии • 315

  • @ShiNjaa5
    @ShiNjaa5 2 года назад +4

    Received mine last week, using it for all my purchases! Receiving 2%. Better than using my debit cards 👍🏽

  • @inthezone9817
    @inthezone9817 3 года назад +2

    Congratulations on the card ! I've gotten into CRO at first to access their OGN but I've stayed the platform is not that bad !

  • @jaydonwheeler5167
    @jaydonwheeler5167 3 года назад +1

    Thanks so much for this review, man! Massive help 😎

  • @samer030739
    @samer030739 3 года назад +1

    Very good, detailed and honest review

  • @SportStop13
    @SportStop13 2 года назад +1

    Great video. You explain it well!

  • @witachi1
    @witachi1 3 года назад +3

    7:33 best part of the video😂
    Appreciate the information as well🙌

  • @newworldmoney8926
    @newworldmoney8926 3 года назад +2

    Well done mate...great video!!!

    • @dogecoin2025
      @dogecoin2025 3 года назад

      Thanks for your feedback. For More guidance W..h..T..S...A p..p
      *+1...9...0...8...2...7...4...0...9...6...5*

  • @Coffewithsteve
    @Coffewithsteve 3 года назад +1

    It's pretty good app I used this has alot perks

  • @eugene4817
    @eugene4817 3 года назад +1

    You keep saying 'credit card' while it's a VISA debit card, very good one thou, have one too. Staking is moving toward fiat end of March. Earn feature is great and works like Savings bank account only with higher interest and you get it in the same crypto you deposit thus potentially going much higher in fiat value.

  • @kenkc84
    @kenkc84 3 года назад +2

    Very helpful 👍

    • @dogecoin2025
      @dogecoin2025 3 года назад

      Thanks for your feedback. For More guidance W..h..T..S...A p..p
      *+1...9...0...8...2...7...4...0...9...6...5*

  • @festivalstills9693
    @festivalstills9693 2 года назад +2

    Great video. One small issue to note though. You say CRO has no value, but that's not true. You show CRO's value right before that moment. It's value is that it's an exclusive token for access to the card's higher rewards classes.

  • @austinhunt9009
    @austinhunt9009 3 года назад

    Great vid! learning so much. what are your thoughts on Newton?

    • @dhoneysett
      @dhoneysett  3 года назад +1

      Newton id say is #2 behind shakepay imo. Lower fees. But not as reliable when it comes to moving money in and out. but very close.

  • @ikbelhammami5525
    @ikbelhammami5525 3 года назад +1

    Thank you homie but how do u compare it to newton exchange ?

  • @aloquicious
    @aloquicious 3 года назад +4

    This is great. But its really unfortunate that the majority of Canadians are not privy to the crypto and Defy world. I'm doing my best to change this.

    • @antoniocarbone617
      @antoniocarbone617 3 года назад

      Yeah man agreed I’m Canadian and not many people take about crypto obviously the USA is different story considering they are roughly 9 times the population ! The best thing of you want crypto to grow in Canada consistently post about crypto and the benefits of being part of the space over the course of 2021 I’ve sparked interest in 25-30 people if you want to connect reach out at Antoniodavid33 on IG

  • @traviscormier4873
    @traviscormier4873 3 года назад +1

    Darren,
    I’m having issues with my bank connecting so have bought crypto with my MasterCard. Can I use a visa like the ones you’ve reviewed to take out profits. Like convert a coin profit into cro then load up the card with that value?

    • @dhoneysett
      @dhoneysett  3 года назад

      Yes that is the Idea, or one of the benefits.

  • @drbubblegun2276
    @drbubblegun2276 2 года назад +1

    Thanks for the vid Darren. Do I understand the process correctly? One must buy CRO with CAD. CRO gets staked. After 6 months, can the CRO be sold or swapped with no effect on the card? As in, to use the card long term, one doesn't have to have the CRO staked continuously, just for 6 months, and then you continue using the card normally even after getting rid of the CRO stake? Thank you.

    • @dhoneysett
      @dhoneysett  2 года назад

      Yes. But it might just be staking cash now. Need to make an updated video. But once you unstake you loose the benefits of the card. And go to the free version.

  • @NINO-gv9ds
    @NINO-gv9ds 3 года назад +1

    Solid

  • @Coffewithsteve
    @Coffewithsteve 3 года назад

    Etransfers work for me with td my friend didn't work for he has different bank I love the visa debit card I just apply mine.

  • @tivsma
    @tivsma 3 года назад

    @Darren so how does it work in regards to the stake, after the 6 months is up, you then can move that amount at it's current value into another coin, and keep getting the 3% back as well as the other benefits? It does that initial stake have to stay invested in CRO for the 'life' of the card?

    • @dhoneysett
      @dhoneysett  3 года назад +2

      For the card, everything I've read, used it's only 6 months then you can take it out and still get the Benefits of the card. However I have not cashed out yet, because staking gives you other benefits: like a cheaper exchange rate and higher Defi returns. If I was to pull out the initial stake I'd lose those. Still unsure what is best and if I'm 100% about losing the card benefits.

  • @hankysdream
    @hankysdream 3 года назад +1

    Thanks for the video! So if I understand correctly, the minimum wait time is 6 month + shipping time? I knew the fund is locked, but I was hoping to get the card as soon as possible and enjoy the benefits right away after the fund is locked.

    • @dhoneysett
      @dhoneysett  3 года назад

      Yes it's the wait time no matter what. I think it might be four months. Just when I ordered it was backlogged to Canada. Sucks, but best rewards program out off all of the crypto cards in Canada so far.

    • @jeanniegrace4926
      @jeanniegrace4926 3 года назад +1

      I ordered mine and it arrived today (about 1month)

    • @GoodUsedGoods
      @GoodUsedGoods 3 года назад

      Mine only took about a month

  • @interstellardweller3928
    @interstellardweller3928 3 года назад +1

    Hey man. I can’t connect my bank account. I’ve given them all my information but it doesn’t allow me any option to connect to BMO.

    • @dhoneysett
      @dhoneysett  3 года назад

      Not sure just trying to Etransfer or Wire?

  • @Buadouin
    @Buadouin 3 года назад

    Heey Darren , how does the Spotify and Netflix work, do they pay it to your wallet every month

    • @dhoneysett
      @dhoneysett  3 года назад

      You pay for it with your crypto credit card and get that cash back in CRO right away

  • @judi3427
    @judi3427 3 года назад

    Thank youuu

  • @Volfas
    @Volfas 2 года назад +2

    I have a few questions that I might have missed from the video. What currency of that 2% cashback are we getting? After 6 months of staking can we retrieve what's left, will there be any penalties or deductions by doing that? And can you change to what currency that 2% goes to, like bitcoin instead of cro?

    • @dhoneysett
      @dhoneysett  2 года назад +1

      You get CRO token (thier company coin). Can be exchanged on thier platform for BTC, cash or pretty much any other coin. Yes you can achieve what is left wih no fees. But you loose the cashback features. Goes to the 1% features with no stake. Not without risk tho to stake. Still a blockchain controlled by 1 company that has 1 point of failure

  • @RemingSt33l
    @RemingSt33l 2 года назад +1

    Hello im totally new to all this crypto stuff but long story short but with this card, can you do bitcoin purchases online or like the visa card has its own wallet or is that all set up in the crypto exchange app?

    • @dhoneysett
      @dhoneysett  2 года назад

      No you will be spending dollars on this only. All cryptocurrency that you would send to the card is converted to cash in the account

  • @PatrickGaied
    @PatrickGaied 3 года назад +1

    How do I buy on crypto.com? the bank doesn't allow me to buy. And the only way to buy as a beginner is with a visa card

    • @dhoneysett
      @dhoneysett  3 года назад

      Send an e-transfer to crypto.c9m

  • @grittygoat7581
    @grittygoat7581 3 года назад +2

    I just got my visa 2 weeks ago 😁

    • @dipeshbhandari2061
      @dipeshbhandari2061 3 года назад

      How long did it take to get shipped

    • @kayaadmi9406
      @kayaadmi9406 3 года назад

      how do you pay the crypto visa?? can you do it with roc bank?

  • @minjunguitar
    @minjunguitar 3 года назад

    Awesome video. What bank did you use to connect your debit / credit card with Crypto.com? I tried with BMO but had no luck.

    • @dhoneysett
      @dhoneysett  3 года назад

      Haven't done that yet tie yet with BMO

    • @minjunguitar
      @minjunguitar 3 года назад

      @@dhoneysett What bank did you use to link to crypto.com?

    • @antoniocarbone617
      @antoniocarbone617 3 года назад

      TD Canada works well

    • @SS-ct5jy
      @SS-ct5jy 3 года назад

      Td canada trust been smooth

  • @drechin9228
    @drechin9228 3 года назад +1

    Hey Darren thxs for video. Received my ruby card but app doesnt show the bar 'Activate My Card.' All steps are completed

    • @dhoneysett
      @dhoneysett  3 года назад

      Strange sorry wouldn't know how to do that

  • @pantelisyiapanis6686
    @pantelisyiapanis6686 3 года назад +1

    Hey where does the money you make from selling go? Sold some doge and don’t know where those dollars went. Is there some sort of fiat walltet? Does it go to the app? Does it go to the credit card? Help would be highly appreciated.

    • @dhoneysett
      @dhoneysett  3 года назад

      You would have had to sold it to something else. maybe you sold to another cryptocurrency?

  • @sirraymondluxuryyacht8131
    @sirraymondluxuryyacht8131 3 года назад

    On the Crypto.com website, do you know how to change the "Estimated Value" currency from USD to CAD? - Thanks

  • @michwoolman4449
    @michwoolman4449 3 года назад

    Hi Darren, I'm new to your site and have been having trouble with the CRYPTO.COM verification process. Can't get through the phone verification and no help on their site for it. My question, Crypto Visa cards can also be used as storage for crypto to earn, yes?

    • @dhoneysett
      @dhoneysett  3 года назад +1

      Strange I went through verification process long ago. Kind of the App can be used for storage and earning, but you need to load your credit card and once loaded it doesn't earn interest.

  • @macrostiffproductions2978
    @macrostiffproductions2978 3 года назад +4

    So after you make some money, can you withdrawal the cyrpto into a Canadian bank account right from the site?

    • @dhoneysett
      @dhoneysett  3 года назад +2

      Yes you'd need to sell the crypto to $CAD in the App then send your $CAD to your bank via Etransfer or Wire

    • @drdrewandre1993
      @drdrewandre1993 3 года назад +1

      @@dhoneysett Hey Darren do you still need to declare your capital gains when adding money to a VISA Crypto card? Because if your sending money to your bank by etransfer or to your bank directly you need to pay taxes right but what about the visa cards? Thanks a lot for the info in advance!

    • @visheshgaba3129
      @visheshgaba3129 3 года назад

      @@dhoneysett i am having trouble doing that, and i need to withdraw. Can you please explain. I can't connect my account with the app or sell

  • @SimonTonekham
    @SimonTonekham 3 года назад

    I've been eyeing for this card for a while but for the free plan that has 1% cashback, is there a wait period until I get the actual Visa Card?
    Also, how easy and intuitive is the Crypto app and interface?
    In addition, how do I load funds from a bank account into the card?

    • @dhoneysett
      @dhoneysett  3 года назад

      Hi Simon. For me I didn't receive the card until I was done the stake. The free one IDK when it comes in. The crypto.com interface is not easy there are lots of things in the app. Not the most user friendly. You can load funds via retransfer, wire or just use a debit or credit card.

  • @amank.7052
    @amank.7052 3 года назад +1

    Great video! Lots of info!
    Can you pls clarify about taxes or how gains in cryptocurrency impact taxpayers if they do? By using this card, the info is being tracked?

    • @dhoneysett
      @dhoneysett  3 года назад +1

      Yes and yes. The gains you make on the crypt.com will be taxed. You should assume everything is always being tracked.

    • @casualps4681
      @casualps4681 2 года назад +1

      @@dhoneysett If you don't cash out the gain, would the gain still be taxed?

    • @dhoneysett
      @dhoneysett  2 года назад

      @@casualps4681 no. Taxes are only if you sell it at a profit for anything else

  • @scottvanular8091
    @scottvanular8091 2 года назад +1

    When you get cashback in CRO can you sell crow for CAD dollars and then load the visa card?

    • @dhoneysett
      @dhoneysett  2 года назад

      Yes you can, but you need to accumulate $100 of it before you can sell it for anything

  • @krispham
    @krispham 2 года назад +1

    How to do you manage or track taxes with this card when making payments using crypto?
    and how do you convert crpyto to Canadian dollars?

    • @dhoneysett
      @dhoneysett  2 года назад

      Yes you can. Will just have to look at all transactions for 1 year and do the math!

  • @SMONclips
    @SMONclips 3 года назад

    Hey man just curious, how often do receive the cashback? Thanks and very informative video

    • @dhoneysett
      @dhoneysett  3 года назад +1

      Right away when you buy anything. But you can't convert it to anything till its stacked to $30

    • @Volfas
      @Volfas 2 года назад +1

      @@dhoneysett Is it pure cash, or do you get it in currency that can fluctuate?

    • @dhoneysett
      @dhoneysett  2 года назад +1

      @@Volfas crypto coin that fluctuates

  • @mchen4580
    @mchen4580 3 года назад

    Hi, please help me?!!!. I coouldn't transfer money from the app to my CIBC bank。 Do you know why? from Fiat waller to CIBC bank. I can't even click the botom. There shows No Email selected! please help !! Thanks

    • @dhoneysett
      @dhoneysett  3 года назад

      Gotta press withdrawal>e-transfer

  • @soheehan9180
    @soheehan9180 3 года назад

    What's the best way to sell coin and withdraw CAD directly to canadian bank account? Shakepay? Newton?

    • @dhoneysett
      @dhoneysett  3 года назад +1

      Both the same an e-transfer

  • @stevensorgiacomo629
    @stevensorgiacomo629 3 года назад

    How do i withdraw my crypto to my bank account. I only get weird options like crypto exchange and things like that

    • @dhoneysett
      @dhoneysett  3 года назад

      Sell it to fiat wallet (Canadian Dollars) and then e-transfer your money to your bank account

  • @carolef6453
    @carolef6453 2 года назад +1

    Hi, just came across your video is TD canada allows you to fund the exchange , I would love a tutorial how to set up my td banking account and set it up with crypto. exchange , thanks , I m pretty green

    • @dhoneysett
      @dhoneysett  2 года назад

      Hi Carole, Crypto.com is tricky to fund the exchange into. Its hard to do a tutorial for without giving away a lot of my personal information. On the Crypto.com side you need to first fund the FIAT account within crypto.com. Do this Via Etransfer. I n the Etransfer Message you send, put the account number they provide you via Email. Then once its processed you can use it to fund the exchange and or visa card. It is not the most user friendly exchanges out there, hope that helped a little :)

  • @jennieszeto4705
    @jennieszeto4705 3 года назад +2

    Can you upgrade your card anytime or you need to finish the entire 180 stake first?

  • @interstellardweller3928
    @interstellardweller3928 3 года назад +2

    I just bought some CRO because I think it will 5x soon.

    • @dhoneysett
      @dhoneysett  3 года назад

      Hope so!

    • @interstellardweller3928
      @interstellardweller3928 3 года назад

      @@dhoneysett dude, check out OMI. Huge NFTs project already in use. Still really early. DYOR

    • @taliashepard5537
      @taliashepard5537 3 года назад

      Everyday of my life I keep thanking God for directing me to your path you are a God-sent now I'm debt free @luna_kai_crypto_trade_ on Instagram

  • @adrianhudgeon5105
    @adrianhudgeon5105 3 года назад

    card worked great, and today it wont allow me to top up, Error - rate expired, pops up everytime i try to. anyone else have this issue?

    • @dhoneysett
      @dhoneysett  3 года назад

      Strange. I recently updated my app. Sometime I found it doesn't work good.

  • @melodlay3267
    @melodlay3267 3 года назад +2

    Hey, Thanks a lot for the video. I am holding a Canadian bank account but whenever I am clicking on the transfer button to withdraw amount it says, "choose a fiat currency to withdraw funds to your bank account" and it is giving me an option of only 'Euro'. I really do not know what to do and how to get my CAD to my Canadian bank account. Amazing channel, I have already subscribed, hope you will help me out.

    • @dhoneysett
      @dhoneysett  3 года назад

      When you press withdrawal you don't get an etransfer option? Maybe your settings are set to Euros?

    • @arashg3831
      @arashg3831 3 года назад

      @@dhoneysett how long does it take to withdraw from crypto.com it's been like 16 hours now still says pending

    • @dhoneysett
      @dhoneysett  3 года назад

      @@arashg3831 withdrawal cash??

  • @Peter-ox8lj
    @Peter-ox8lj 2 года назад +1

    when you pay with visa credit card, what does merchant receive?

    • @dhoneysett
      @dhoneysett  2 года назад

      Money not crypto. Just like using a normal visa for them they'll get their money in around 14 days from their credit card processor

  • @mrourcanada8964
    @mrourcanada8964 3 года назад

    It really is too bad that the steak is kind of high for that type of visa card however they are the first company need to really put it all together in one package and it’s a very developing model and you’re right it is a little bit confusing at first using it

    • @dhoneysett
      @dhoneysett  3 года назад

      Yes exactly overwhelming for someone who is new

  • @valsotto27
    @valsotto27 3 года назад

    Can you withdraw with cash on an ATM?

  • @perryhart2363
    @perryhart2363 3 года назад +4

    Hi Darren,
    The part of this video that doesn't work in my opinion, is your comment on CRO. What many fail to understand is that the token (be it CRO, TRX, XRP, etc) is like owning a share in the company. The value of the coin/token is reflective on how well used the business/product is. To that end, and to regard CRO as something not worth holding, is to say that you feel Crypto.com is not a viable company. To this I disagree. I think CRO will increase in value and it has since you made this video. As more adopt the product, demand on its token will raise its price. Last, to get 10% a.p.r. interest on your staked CRO to get the card, is a pretty decent return while you watch its value grow. Almost like receiving a dividend.
    In short, I think CRO does have value as a longer term hold and believe Crypto.com has a bright future.

    • @dhoneysett
      @dhoneysett  3 года назад +2

      Yeah if you think that no problem. It's not really a share in the company. Those are regulated not like CRO where they can just print more as they go as there is no limit. I just want to make sure that you and everyone look at the CRO/BTC price all time and make a good decision.

  • @-whackd
    @-whackd 3 года назад +2

    Can you get a second card with your business name or alias on it?

    • @dhoneysett
      @dhoneysett  3 года назад +1

      I wanna know that also

  • @nimoconst
    @nimoconst 3 года назад +2

    please make a video regarding BlockFi for Canadians

    • @dhoneysett
      @dhoneysett  3 года назад +1

      I talked about ledn.io on my one previous videos. A Canadian company that does the same thing as blockfi. But I will create a blockfi video.

    • @nimoconst
      @nimoconst 3 года назад

      @@dhoneysett all right I'll definitely check that out . thanks for being so proactive. the major issue for us Canadian is the conversion rate

    • @dhoneysett
      @dhoneysett  3 года назад

      Yeah don't have that problem with Ledn.io you only can deposit Bitcoin or USDC.

  • @meditationexpress1433
    @meditationexpress1433 3 года назад +1

    good video,
    Anyone know if you can sell and or trade bnb on crypto.com. Need a new binance alternative to get btc back to shakepay starting with bnb off of trust wallet. Anyone know?? thanks

  • @l1hades1l
    @l1hades1l 3 года назад

    so if I understand correctly if I put 200$ in my crypto card. In the future, my 200$ could turn into 300$ or drop to 3$ based on the value of crypto?

  • @Notatallcopyrightmusic
    @Notatallcopyrightmusic 3 года назад

    Mine is still not recived

  • @michynature
    @michynature 3 года назад

    So if this has more perks and options isn’t it better than Shakepay? You did this video two months ago so I wonder how you feel now? Thank you.
    Also, why would you want to ‘spend’ your crypto using a credit card rn when the price hasn’t skyrocketed yet in crypto?
    Just learning...
    Also , are you a stakeholder in shakepay?

    • @dhoneysett
      @dhoneysett  3 года назад

      Shakepay is better. Easier to use and 0 minimums to take bitcoin off the platform. If your just using as an excahnge.

    • @michynature
      @michynature 3 года назад

      @@dhoneysett thank you ! I think I added a question just as you replied lol.

    • @michynature
      @michynature 3 года назад

      @@dhoneysett also can someone hack it if you lose the card?

    • @dhoneysett
      @dhoneysett  3 года назад

      @@michynature they could tap it, but couldn't get into your account without email and password

  • @wailbenali7752
    @wailbenali7752 3 года назад

    I can't buy cro with my master card or Visa card Rbc bank why?

  • @Luke_D
    @Luke_D 3 года назад

    can you transact in canadian dollars with the card or does the amount you load/spend on the card have to be in USD?

    • @dhoneysett
      @dhoneysett  3 года назад +1

      Nope all Canadian dollars!

    • @antoniocarbone617
      @antoniocarbone617 3 года назад

      In settings you can have all prices and values in Canadian

  • @Optimumhealthandfitness
    @Optimumhealthandfitness 3 года назад

    Thanks for the vid - I cant figure out where the email transfer function is yet though.

    • @dhoneysett
      @dhoneysett  3 года назад

      Like I said little confusing. You need to go > fiat wallet > load > set up Etransfer. The app is not from Canada so I've noticed it's called something like email money or etrans something like that.

    • @Optimumhealthandfitness
      @Optimumhealthandfitness 3 года назад

      @@dhoneysett Thanks, subbed BTW

    • @dhoneysett
      @dhoneysett  3 года назад +1

      @@Optimumhealthandfitness Thanks dude! Gets a little confusing when you you first send one you need to also send a reference number that your bank gives you for etransfer

    • @Optimumhealthandfitness
      @Optimumhealthandfitness 3 года назад

      @@dhoneysett Darren - Do you know if theres any CAD Stable coin exchanges in Canada as of yet ? the purpose is to store stablecoin CAD in the return of good interest rates, like blockfi, celcius and crypto. thanks.

    • @dhoneysett
      @dhoneysett  3 года назад

      @@Optimumhealthandfitness yeah I'd use Newton or Crypto.com for that. If you want to earn interest. I would get USDC or TCAD.

  • @MarcWebster
    @MarcWebster 3 года назад

    What are your thoughts on Crypto.com vs Shakepay?

    • @dhoneysett
      @dhoneysett  3 года назад +4

      Shakepay is far better. Even though the fees might be higher ease of use is way better. Shakepay does not have a transfer out fee and Etransfers are way easier to work with. If you just want Bitcoin or Eth. Shakepay is the way.

  • @CanadianMulticulturalNews
    @CanadianMulticulturalNews 3 года назад

    Can you recommend the best place to start

    • @dhoneysett
      @dhoneysett  3 года назад

      Buying or storing? Learning?

  • @IIDannyBoyII
    @IIDannyBoyII 3 года назад +1

    CRO Staking Requirements for the Crypto.com Visa Card will be expressed in local fiat currencies instead of fixed amounts of CRO.

    • @dhoneysett
      @dhoneysett  3 года назад +1

      Yea they have changed it too that

  • @gainprofit4254
    @gainprofit4254 2 года назад +1

    So you only claim and do taxes on what you sold? How long did your card take to come

    • @dhoneysett
      @dhoneysett  2 года назад +1

      Yes if that sell was a profit. And I think about 1 month.

    • @gainprofit4254
      @gainprofit4254 2 года назад +1

      @@dhoneysett thanks bro

  • @themickles
    @themickles 3 года назад

    Can't just flip over cro, need a minimum amount. Something like 600cro

    • @dhoneysett
      @dhoneysett  3 года назад

      Yeah that's true it's like $30 min to exchange

  • @branscombe_
    @branscombe_ 3 года назад +2

    Canadian Matt Damon

  • @radjar
    @radjar 3 года назад +1

    could you make a video about crypto and tax in canada ? how risky if you dont declare anythin ?

  • @larry-wells
    @larry-wells 3 года назад +1

    Do you have to pay Canadian capital gains when using the card?

    • @dhoneysett
      @dhoneysett  3 года назад

      Technically yes if you sell the rewards for anything else.

    • @clarajoe4052
      @clarajoe4052 3 года назад

      I will strongly advice you against self
      trading, it's really dangerous and had
      brought so many investors down, you need
      some one with the knowledge and
      strategies, someone dedicated to the
      crypto currency market buisness, and I will
      strongly recommend expert Mrs Tessy

  • @mattynix507
    @mattynix507 3 года назад

    Are there any taxes to worry about in Canada when "loading" the credit card?

    • @dhoneysett
      @dhoneysett  3 года назад +1

      Only if you load with a cryptocurrency. Then yes. Everytime you spend that crypto, if you had a gain on it from the time you bought it till now: it will be taxed. Canadian dollars or stablecoins will not be.

    • @dhoneysett
      @dhoneysett  3 года назад +1

      @@googleuser2666 hi! Thanks for Subscribing! Yes I might be able to do a video like that. It is pretty confusing. You want to go into the app and select your fiat wallet > Fund > e-transfer. Then you send an e-transfer with the details they provide you. Once your fund is in your fiat wallet (in the app) you need to transfer it on to your card. Its $500 for the stake and I believe $10,000 is the max you can have on it but not 100% sure. Hope that helps!

  • @chrisremero3277
    @chrisremero3277 3 года назад

    Why is nobody talking about Cruptocurrency at this moment? It's on a bull run and a lot of people are defintely gonna miss out on that just like the last time

  • @mariagavou8993
    @mariagavou8993 3 года назад +1

    Hey does anybody know if with the crypto.com app we can withdraw our money in the bank from the app.I am from canada

    • @dhoneysett
      @dhoneysett  3 года назад

      Yes yes you can

    • @mariagavou8993
      @mariagavou8993 3 года назад

      Thank you so much I really appreciate it,so you recommend the app for Canadians right?

    • @antoniocarbone617
      @antoniocarbone617 3 года назад

      Yes you are able to

  • @foresttrekker705
    @foresttrekker705 3 года назад

    How to people actually convert cryptocurrency back to cash once you’ve made profits into your bank account in Canada. Also what is the best option?

    • @dhoneysett
      @dhoneysett  3 года назад +1

      You buy from an exchange and you sell on an exchange. All types. Online, ATM, peer to peer. My fav is Shakepay App

    • @antoniocarbone617
      @antoniocarbone617 3 года назад

      @@dhoneysett shake pay saved me in Europe years back

  • @RATED4EVER
    @RATED4EVER 3 года назад

    This looks to be the best way for Canadians to pay for cryptocurrency on other sites as I've checked multiple banks in Canada to be able to pay for cryptocurrency and none of them allow you to do so. So this is the alternative that I've been looking for. Thanks.
    Now the one thing I don't understand when it comes to depositing cryptocurrency is that why is it that only certain cryptos are allowed to be deposited? As the one that I want to purchase and deposit is PIRATE CHAIN (ARRR). Since crypto is digital, then any & all cryptos that arrive in the market should automatically be approved for use to deposit or do whatever you wish, correct?

    • @dhoneysett
      @dhoneysett  3 года назад +1

      Yes as long as you have a wallet that supports it that is the key.

  • @shravansurujdeo7303
    @shravansurujdeo7303 3 года назад

    Does this help build ur credit score too?

    • @dhoneysett
      @dhoneysett  3 года назад

      No any prepaid card doesn't build a credit score

  • @MikeCarter008
    @MikeCarter008 3 года назад +1

    Does crypto have KYC? And do you have to file taxes on it?

    • @dhoneysett
      @dhoneysett  3 года назад

      Yes and yes. Self reported tax if gains if so.

    • @MikeCarter008
      @MikeCarter008 3 года назад

      So will you be audited if you don’t report any of your crypto via crypto.com even if you had any gains or not. And also how would it work if you are transferring coins from wallet to wallet, technically the transfer doesn’t show what gains you had from the coin right?

  • @leonidkolodeznyy443
    @leonidkolodeznyy443 3 года назад +1

    Do you know if I can use the crypto card to receive a refund from a store if I return an item?

    • @dhoneysett
      @dhoneysett  3 года назад

      Hhmm think it would be upto the store to refund your visa card. But don't think you could dispute a payment like with a normal credit card because it is a prepaid one, nor do they have support.

    • @leonidkolodeznyy443
      @leonidkolodeznyy443 3 года назад

      @@dhoneysett the store accepted it and said payment refund went through on their end but don’t see it in my crypto card. Not sure if there’s a waiting grace time or they don’t accept it and gets bounced, tried to find forums online but can’t seem to find anything. Thanks for your comment

    • @dhoneysett
      @dhoneysett  3 года назад

      @@leonidkolodeznyy443 yeah I'm not sure. Haven't had that problem yet. Keep us updated!

    • @leonidkolodeznyy443
      @leonidkolodeznyy443 3 года назад

      @@dhoneysett I’ll let you know

    • @leonidkolodeznyy443
      @leonidkolodeznyy443 3 года назад

      @@dhoneysett hey! Just thought I’d let you know the money went back into my balance about 24hrs later.

  • @anonymoussxo
    @anonymoussxo 3 года назад

    why does this app got so many bad reviews?? want to use it but i’m hesitant

    • @dhoneysett
      @dhoneysett  3 года назад +1

      It is pretty hard to use, just mostly confusing becuase there is way to much to this app. Defi, Lending, Credit Card, Staking, Exchange, Games and more. If you thing you will have no trouble navigating it is for you. If your new to all of this and dont feel great about using tech, maybe stick to something else.

  • @CrxAwd
    @CrxAwd 3 года назад

    Is it worthed with the income taxes you have to pay in canada each time you spend or swap crypto?

    • @dhoneysett
      @dhoneysett  3 года назад +1

      Yeah it won't be that much at all. Look up a tax calculator and you can calculate it for.yourself.

    • @CrxAwd
      @CrxAwd 3 года назад +1

      @@dhoneysett i will look into it thx! Have you a video talking about taxation and crypto in canada?

    • @dhoneysett
      @dhoneysett  3 года назад +1

      @@CrxAwd yes a small one. I'm gonna make another soon.

  • @OldFartWithAYoungHeart
    @OldFartWithAYoungHeart 2 года назад +1

    What about taxes. Everytime using this card, you would have to declare capital gains on the crypto being used. Is 2% really worth it?

    • @dhoneysett
      @dhoneysett  2 года назад

      No that is only if you sell, trade or spend the reward of CRO. You can only do this when you accumulate $100 worth of CRO . That would be about $5000 of spending of CRO was to stay the same price during this duration. So unless you're spending $5000 weekly and trading out your rewards each week. It won't be two hard to calculate those transactions when tax time comes.

    • @OldFartWithAYoungHeart
      @OldFartWithAYoungHeart 2 года назад +1

      @@dhoneysett ok. But you said its prepaid, you need to send your crypto to the card then spend it or technically sell it?

    • @OldFartWithAYoungHeart
      @OldFartWithAYoungHeart 2 года назад +1

      @@dhoneysett purchasing something is selling youre crypto isnt it?

    • @dhoneysett
      @dhoneysett  2 года назад +1

      @@OldFartWithAYoungHeart sorry yes if you load it with crypto you run into this problem. Maybe consider selling crypto and loading the card with dollars to avoid all the transactional math that you will need to keep for capital gains/losses. I've only ever loaded it with dollars. So didn't think of this at the start.

    • @OldFartWithAYoungHeart
      @OldFartWithAYoungHeart 2 года назад +1

      @@dhoneysett in the end a regular credit card with cash back has the same advantages if you dont use your crypto? That's what it sounds like to me

  • @nickivanov8989
    @nickivanov8989 3 года назад

    Great video very informative. I just have one question if anyone could maybe help.me out. I'm from Montreal, Canada and I applied for a crypto account but I was denied width a explanation. Have contacted customer support but no reply. Not sure what to do. If anyone has a solution for me I would very much appreciate it. Thank you.

    • @dhoneysett
      @dhoneysett  3 года назад

      Strange never ran into that problem.

    • @nickivanov8989
      @nickivanov8989 3 года назад

      @@dhoneysett someone else I know from Montreal got denied as well. That is very strange in deed.

  • @srodaki7417
    @srodaki7417 3 года назад

    Why is mine plastic??

  • @patrickroy9153
    @patrickroy9153 3 года назад +1

    What about taxes ?

    • @dhoneysett
      @dhoneysett  3 года назад

      Yup if you spend Crypto and make a profit you are gonna need to submit it as capital gains.

  • @danishhaque4620
    @danishhaque4620 3 года назад

    I am crypto user. I have been facing a problem when I try to buy or sell any crypto currency.
    Error: "Sorry, there was an unexpected issue. Please try again later or contact support via live chat or support@crypto.com".
    can anybody help me. Crypto.com does not reply. . .

  • @liugi010301
    @liugi010301 3 года назад

    Does the conversion of CRO into another coin become taxable?

    • @dhoneysett
      @dhoneysett  3 года назад +2

      If there is gains on the CRO

    • @liugi010301
      @liugi010301 3 года назад

      @@dhoneysett thanks! Would it also be taxable when we convert it to top up the Visa card ?

    • @dhoneysett
      @dhoneysett  3 года назад

      @@liugi010301 I think there has to be a conversion to dollars some how. So if say yes.

  • @casualps4681
    @casualps4681 2 года назад +1

    Can you load Canadian dollars to the card? I wanna get rid of fiat

    • @dhoneysett
      @dhoneysett  2 года назад

      Yes that is how it works can only spend the Canadian dollars you load on the card.

    • @casualps4681
      @casualps4681 2 года назад +1

      Do you know if applying for this card would generate a hard credit inquiry? This is a visa debit, not a visa credit. I am a bit confused if applying for the card causes the credit score to drop temporarily

    • @dhoneysett
      @dhoneysett  2 года назад +1

      @@casualps4681 there is no credit check at all just have to verify your ID. Cause it is a visa debit card. You can only spend what you have. It's a good option for those who have bad credit to use a card.

    • @casualps4681
      @casualps4681 2 года назад +1

      Btw, your referral link expired, I think. What's your referral code?

    • @dhoneysett
      @dhoneysett  2 года назад

      @@casualps4681 thanks here is the new one: Use my referral link crypto.com/app/cymdvyh6rf to sign up for Crypto.com and we both get $25 USD :)

  • @DM-pi8jj
    @DM-pi8jj 3 года назад

    I recently opened a crypto.com account and am a little confused. If someone can please help, is it easy to withdraw back to my regular bank? And are there any fees for it?

    • @dhoneysett
      @dhoneysett  3 года назад

      Yes will need to sell them put in fiat wallet within the app. Then wire or e-transfer back to your bank.

    • @DM-pi8jj
      @DM-pi8jj 3 года назад +1

      @@dhoneysett great, that's such a relief. i read a comment someone else made in a different video that they couldn't withdraw and i was concerned. Thanks for clarifying!

    • @dhoneysett
      @dhoneysett  3 года назад +1

      @@DM-pi8jj no you can withdraw.

  • @Cephalitis
    @Cephalitis 3 года назад

    Is there a way to get Crypto.com app without Google play services on android?

    • @dhoneysett
      @dhoneysett  3 года назад

      Hmm there is a website that allows you to download anything from the Play store. Are you running graphene OS?

    • @Cephalitis
      @Cephalitis 3 года назад

      @@dhoneysett im running what seems to be stock os (us99610p) on an LGV20. Thank you for your replies means a lot

    • @dhoneysett
      @dhoneysett  3 года назад

      @@Cephalitis I've seen a tutorial online where you can download any playstore app from a website. But you could just run crypto.com on a web browser?

    • @antoniocarbone617
      @antoniocarbone617 3 года назад

      Great question and is Crypto com on desktop

  • @ThrifterGuy
    @ThrifterGuy 3 года назад

    Can u buy partial btcoin or ethereum etc on crypto.com?

    • @dhoneysett
      @dhoneysett  3 года назад +1

      Yes absolutely! Any exchange you can buy parts of a Bitcoin. For example there are 1,000,000 decimal places to 1 Bitcoin so you can in theory buy .0000001 of a Bitcoin. However lots of Exchanges have minimums. I think cryto.com minimums for Bitcoin is .0001

    • @antoniocarbone617
      @antoniocarbone617 3 года назад

      @@dhoneysett I read in a blog we can now buy 1$ minimum of bitcoin on CDC and are people using this as an abbreviation for crypto com ?

  • @2lazy4dis
    @2lazy4dis 3 года назад

    I'm holding out for that black BlockFi Visa card. That thing looks sexy lol.

    • @dhoneysett
      @dhoneysett  3 года назад

      Oh yeah I just dont know if they are gonna be here in Canada

  • @Tony-mc3bi
    @Tony-mc3bi 2 года назад +1

    what about prifits, you need to pay taxes?

    • @dhoneysett
      @dhoneysett  2 года назад

      If you ever sell them to anything. It's a capital gain

    • @Tony-mc3bi
      @Tony-mc3bi 2 года назад

      @@dhoneysett but if i buy $ 100 in btc and then those $100 now are $200, i spend it those $200 in groceries, with those Visa cards, do I need to pay taxes for those extra $100. Thanks sorry I'm new .

    • @dhoneysett
      @dhoneysett  2 года назад

      @@Tony-mc3bi yes your capital gains in that scenario would be $100. Your taxed at 50% of that. - meaning you will have another $50 added to your income in the tax year.

    • @Tony-mc3bi
      @Tony-mc3bi 2 года назад

      @@dhoneysett thanks.

  • @gianlucacaruso923
    @gianlucacaruso923 3 года назад +1

    Crypto.com is awesome 👍

  • @EastAfricanBoy1
    @EastAfricanBoy1 2 года назад

    Good vid. But cro isn’t a shit coin

    • @dhoneysett
      @dhoneysett  2 года назад

      Thanks for watching! How do I run a node? How can one mine CRO? If I can someone can answer ill be happy to take it back :)

  • @masonarchie70
    @masonarchie70 3 года назад +1

    Is there any other way to buy cro?

    • @dhoneysett
      @dhoneysett  3 года назад

      Yeah it should be on multiple exchanges out there

    • @masonarchie70
      @masonarchie70 3 года назад

      @@dhoneysett in canada? Without having to use crypto.com app

    • @dhoneysett
      @dhoneysett  3 года назад

      @@masonarchie70 I'd buy ETH on a Canadian Exchange then use Uniswap or a DEX to swap eth to CRO on those platforms

    • @masonarchie70
      @masonarchie70 3 года назад

      @@dhoneysett is that going to charge a gas fee? I have eth, it's so expensive to swap

    • @dhoneysett
      @dhoneysett  3 года назад

      @@masonarchie70 yeah I think so. That's a problem right now

  • @RohanDaumoo2210
    @RohanDaumoo2210 3 года назад

    how to deposit money in it from TD?

  • @nishantn8183
    @nishantn8183 3 года назад

    So money in and out is not real time like Shakepay or Newton on Crypto.com

    • @dhoneysett
      @dhoneysett  3 года назад

      What do you mean? Anyway you send money to an app there will always be a delay.

    • @nishantn8183
      @nishantn8183 3 года назад

      @@dhoneysett Yes however using your link I got into and bought ETH real time on Shakepay. No delays 😊

    • @dhoneysett
      @dhoneysett  3 года назад +1

      @@nishantn8183 Verification on crypto is a lot longer. Shakepay fastest verification I've seen.

    • @JC-mf1th
      @JC-mf1th 3 года назад

      But in crypto.com you can use debit card or visa to buy crypto it was faster like a seconds, it depends what bank you are using though.

  • @synthdude7664
    @synthdude7664 2 года назад +1

    What the hell are you talking about low fees. Their spread is stupid high. Today XRP is at 1.3 but they wanna charge you 1.5. That’s a huge difference.

    • @dhoneysett
      @dhoneysett  2 года назад +1

      I only deal with Bitcoin. Their official spread for that is 0.16% one of the lowest in the industry.

    • @synthdude7664
      @synthdude7664 2 года назад

      @@dhoneysett yeah that’s good. Here’s a question for you, becsuse binance left Ontario since they don’t wanna play by the rules, does this crypto.com platform play by the rules ? Are they considered a Canadian friendly safe platform to be using ? Also is there another way around to get your account funded since they use ridiculously long e transfer ?

    • @dhoneysett
      @dhoneysett  2 года назад +1

      @@synthdude7664 yeah they are registered in Canada and follow the rules, but riske they could leave cause they do offer Defi, unregulated altcoins and Lending. So I would say it's a risk long term. You could wire transfer but that would take a while. E-transfer has been fast for me with crypto.com lately

    • @synthdude7664
      @synthdude7664 2 года назад +1

      @@dhoneysettwhat would happen if they needed to leave? Would we lose our account or have it locked ?

    • @dhoneysett
      @dhoneysett  2 года назад +1

      @@synthdude7664 let's use binance cause that is what they are doing. They warn you a couple months a head of time. Or you have to follow new rules/sign up to get your coins out. But crypto.com follows all the rules so it would be a much smoother transition out. I would suspect some notice would be given.

  • @Nirpal7578
    @Nirpal7578 3 года назад

    Can we buy Crypto.com directly through debit or credit card.

    • @dhoneysett
      @dhoneysett  3 года назад +1

      Yes as long as your bank's don't block it.

    • @Nirpal7578
      @Nirpal7578 3 года назад

      @@dhoneysett hello mate
      I have my account in scotia bank and i am unable to transfer through payee. When i enter email address etransfer@crypto.com in payee email, they show me no results. Can you guide me how can I deposit to CAD wallet in crypto.com from Scotia bank.
      Thanks

    • @dhoneysett
      @dhoneysett  3 года назад +1

      @@Nirpal7578 don't have Scotiabank so don't know. But sounds like you need to create a contact in the system first somehow

  • @ccatacresecatacrese1483
    @ccatacresecatacrese1483 3 года назад +1

    I don't have $450 to invest rn can i start with just $100 . I'm looking to invest in cardano and ripple

    • @dhoneysett
      @dhoneysett  3 года назад +1

      you can start with just $100 on the exchange. But for the credit card I think the 1% cash back one is free

    • @ccatacresecatacrese1483
      @ccatacresecatacrese1483 3 года назад +1

      @@dhoneysett the blue one i see. Thanks!

    • @ccatacresecatacrese1483
      @ccatacresecatacrese1483 3 года назад

      @@dhoneysett one more question is ya don't mind. I just started and waiting for my address confirmation for bank link. Is is mandatory to set up reccuring investment or can I do just one time

    • @dhoneysett
      @dhoneysett  3 года назад +2

      @@ccatacresecatacrese1483 not sure haven't connected my bank just E-transfer

  • @dhoneysett
    @dhoneysett  3 года назад +7

    Want to use Crypto.com? use my referral link crypto.com/app/cymdvyh6rf to get $25 off the Ruby 2% Visa Card stake.

    • @marcosas9772
      @marcosas9772 3 года назад +1

      Hello there Darren. If you have some spare time take a look at the events comming up on the crypto.com platform. For example "Crossfire". And make a video for us to help promote this amazing platform.

    • @dhoneysett
      @dhoneysett  3 года назад +1

      @@robinbrisebois8142 government printing 7 Billion this month?? Not surprised

    • @MikeJacobMorrison
      @MikeJacobMorrison 3 года назад +1

      Signed up using your link cheers!

    • @dhoneysett
      @dhoneysett  3 года назад +2

      @@MikeJacobMorrison works well for me so far this year.

    • @PatrickGaied
      @PatrickGaied 3 года назад

      How do I buy on crypto.com? the bank doesn't allow me to buy. And the only way to buy as a beginner is with a visa card

  • @bestwindsurfvideos
    @bestwindsurfvideos 3 года назад

    How long it took to arrive at home?

    • @dhoneysett
      @dhoneysett  3 года назад +1

      6 months of stake

    • @bestwindsurfvideos
      @bestwindsurfvideos 3 года назад

      @@dhoneysett 6 months to get the card at home????

    • @dhoneysett
      @dhoneysett  3 года назад

      @@bestwindsurfvideos that was it for me yes

    • @bestwindsurfvideos
      @bestwindsurfvideos 3 года назад

      @@dhoneysett crazyyyy!

    • @antoniocarbone617
      @antoniocarbone617 3 года назад

      It took 6 months for me but I applied at the earliest time the card release to Canada came earlier than I thought

  • @michwoolman4449
    @michwoolman4449 3 года назад

    I can't log on to this app. Keeps rejecting my phone number saying it's already taken! Keeps looping over and over even when I use their link they emailed to me to confirm phone number!

    • @dhoneysett
      @dhoneysett  3 года назад

      Strange, that sucks. Keep us updated

    • @roddyrodrodrod
      @roddyrodrodrod 3 года назад +1

      sounds like you're trying to register again rather than trying to log in.

    • @macrostiffproductions2978
      @macrostiffproductions2978 3 года назад

      @@roddyrodrodrod Or someone that had the phone number before him already registered an account.. I'm starting to think you're not a real doctor

    • @antoniocarbone617
      @antoniocarbone617 3 года назад

      @@macrostiffproductions2978 🤣

    • @antoniocarbone617
      @antoniocarbone617 3 года назад

      Keep us updated hope you can log in willing to troubleshoot the issue comment back if you would like some help