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Fold Is Lowering Withdrawals Threshold and More!blog.foldapp.com/were-making-referrals-and-withdrawals-easier/
353 sats \ 14 comments \ @Cje95 21 Mar bitcoin_beginners
Give how much the price of BTC has gone up since I first started using Fold (it was under $20k) hitting the 50k sats level to withdraw has become a little bit harder to achieve. Thankfully Fold is lowering it April 1st to 30k sats which is a 40% reduction!
Referral bonuses are also changing but not to terribly. Your referral gets $10 of bitcoin with their first Fold Card purchase, and you earn $5 of bitcoin. Also both you and your referral will receive 100 spins each! That’s 100 chances at a full bitcoin or special prizes when the wheel is boosted or sponsored!
When you add in that Fold is gearing up to launch their VISA Credit Card which will pay either 1.5% or 2% back in BTC per purchase here is my link to start climbing the line. The rewards are fantastic for all that join and work to climb the list!
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0 sats \ 6 replies \ @DarthCoin 22 Mar
What are doing fiat maxi statists? Shill bullshit crap fiat products. This is NOT informatikn to be shared with noobs.
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0 sats \ 5 replies \ @Cje95 OP 22 Mar
It’s an easy on-ramp for new people to get into BTC and has successfully helped orange pill millions
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0 sats \ 4 replies \ @DarthCoin 22 Mar
this is literally you
When idiots will learn that using a visa card is NOT onboarding to Bitcoin but the way around ? Disembarking from bitcoin.
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0 sats \ 3 replies \ @Cje95 OP 22 Mar
Sir no I’m a gov’t agent get it right
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0 sats \ 2 replies \ @DarthCoin 22 Mar
You are worse than just a gov agent...
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0 sats \ 1 reply \ @Cje95 OP 22 Mar
Here’s a little meme for you!
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0 sats \ 6 replies \ @BlokchainB 21 Mar
They need to implement lighting
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125 sats \ 5 replies \ @Cje95 OP 21 Mar
So they were initally going to... this was years ago back when i first joined (58 months ago according to the app lol) but there wasnt enough activity/usage 4+ years ago to get the devs to do it.
They have mentioned it again though I think they are trying to launch this CC first and then move on to moving to Lightening.
Something I think they (Fold) would like to see is more hardware wallets pick it up. Ledger doesnt support it and I dont think Trezos does either and since they are so popular it could affect usage.
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109 sats \ 3 replies \ @Aries 22 Mar
The reduction to a Bitcoin withdrawal is nice, but we still need Lightning. For instance, Braiins Pool’s popularity is largely attributed to Lightning payments. With a Bitaxe, you can receive constant daily payments if someone opts for pool mining instead of participating in the lottery. Essentially, it’s a modern-day Bitcoin faucet.
Fold can capitalize on the instant gratification of Lightning withdrawals, similar to how Apple advertised Daily Cash back that could be easily withdrawn when the card was first introduced.
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83 sats \ 1 reply \ @Cje95 OP 22 Mar
I am trying to find the tweet but haven’t yet… Will Reeves the CEO/Founder of Fold has talked about this on X! If I remember correctly it is coming just when they tried initially 4/5 years ago there wasn’t enough action.
Now with the CC rolling out it should be next up!
Do you know of a good LN hardware wallet??
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0 sats \ 0 replies \ @BlokchainB 22 Mar
They don’t exist yet
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0 sats \ 0 replies \ @BlokchainB 22 Mar
Yup!!!
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0 sats \ 0 replies \ @BlokchainB 22 Mar
Yeah good point LN on a hardware wallet is really hard
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