Favorite Bitcoin "credit" cards \ stacker news ~bitcoin

367 sats \ 12 comments \ @anon 1 Jul bitcoin

I have been using XAPO as it is the only company that has been able to send a physical card to my country. Other cards (The Bitcoin Company, Bitrefill) are getting blocked. XAPO has been working great, in my country and during business trips to Europe and Asia. What are your favorite cards? I will try them out to see if their fees are better than XAPO while being able to ship to my country.

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142 sats \ 1 reply \ @fernandoporazzi 1 Jul

Using a bitcoin credit/debit card might seem like a great idea initially, however using those cards just delay BTC adoption overall as merchants don't feel the need to change anything as they keep on getting their fiat one way or another.

So I believe if we wanna see people really accepting BTC, we should offer them the real McCoy as a form of payment.

0 sats \ 0 replies \ @Rex 2 Jul

Large-scale P2P use will not be possible until most people have a Bitcoin wallet. Before this happens, we must support currency clearers and provide enough incentives for everyone to use Bitcoin.

10 sats \ 0 replies \ @DarthCoin 1 Jul

121 sats \ 0 replies \ @SwearyDoctor 1 Jul

I've been trying both the crypto.com card, as well as the CL card. The CL card is way more comfortable. Crypto.com makes you convert to fiat before to "fill up" the card, to then use. CL does it in the moment of use. (of course, with a separate little spending wallet, not your stack, obviously).

21 sats \ 2 replies \ @riberet19 1 Jul

I don't see the need to use a BTC credit or debit card, what is the difference then from using fiat money? I prefer to make payments in Lightning or even with the main Bitcoin chain, even if there are not so many options.

35 sats \ 1 reply \ @teemupleb 2 Jul

Maybe they get BTC (or crypto) cashbacks.

Maybe for tax reasons too: if you spend fiat from an overcollateralized Bitcoin credit line, it’s not a taxable event (as far as I understand).

This way, you can “live off bitcoin” without incurring a capital gains event.

0 sats \ 0 replies \ @Bell_curve 2 Jul

19 sats \ 3 replies \ @teemupleb 2 Jul

Nexo gives you a fiat credit line to spend, over-collateralized by your Bit-Coins

0 sats \ 2 replies \ @Bell_curve 2 Jul

Have you used their line of credit?

I have an account but haven’t pulled the trigger yet

19 sats \ 1 reply \ @teemupleb 3 Jul

Yes, it’s a good product. I’ve always wondered why there aren’t other companies offering a similar credit card.

0 sats \ 0 replies \ @Bell_curve 3 Jul

Good to know

I am going to check my account

It’s been 2 years probably

0 sats \ 0 replies \ @DarthCoin 1 Jul

FUCK THAT SHIT Please read here: #576140

Do we have to remind all the time WHY Bitcoin exist in the first place?

All these companies selling you "visa debit cards", are trying to fool Bitcoin users into keep using fiat money, in form of all those plastic cards (VISA /MasterCard/etc). Actually you are giving away your BTC and going back to use fiat money. Bitcoin was created EXACTLY to avoid these kind of practices.

If the merchants still don't accept Bitcoin, try to convince them or boycott those ones. Go to the other merchant that accept BTC directly.

FIAT DELENDA EST