can Fold help me solve my problems? \ stacker news ~bitcoin

I've been hesitant to add Fold into my finance stack. I just hadn't seen the need for another sat buy button. And honestly the 'spins' made it seem more like a casino than a legitimate financial services company. It took me forever to get approved for a debit card which turned me off even more. But if it helps me solve my problems, I'm in...

The problem I'm trying to solve is for the businesses that charge a '3% fee for credit card'. I try to jump through hoops to get fiat onto a debit card or a bank account which is a huge pain in the ass for an obsessed sat stacker.

If I send BTC to my Fold account, sell that BTC for cash, can I spend that cash quickly on a debit card? Or withdrawal it from an ATM? What's the settlement/confirmation time for that

What else is possible? Other than the obvious sats back. And upcoming credit card.

2 sats \ 0 replies \ @Undisciplined 7h

I haven't done what you're describing, but Fold allows you to "push" sats into fiat when your balance is short. I believe it's more or less instantaneous.

0 sats \ 0 replies \ @DarthCoin 1h

0 sats \ 0 replies \ @lrm_btc 5h

I cover fiat expenses with fiat income, as a rule. I certainly wouldn't sell kyc to dodge a 3% fee. You must be in a more lenient jurisdiction regarding cgt?