Crypto debit cards latest?

Lex Luthor · 04-11-2020 6:59pm

Str8outtaWuhan wrote: »

issued me a card but it won' activate

the activation for me was the most straight forward process of the whole application

have you contacted the help desk

Str8outtaWuhan · 06-11-2020 7:19pm

Lex Luthor wrote: »

the activation for me was the most straight forward process of the whole application

have you contacted the help desk

multiple times, came to nowt every time.

bingobars · 06-11-2020 7:50pm

Lex Luthor wrote: »

If anyone is looking at a swipe card then I have a referral code
HD0JCP

Set mine up yesterday after getting it
After all the initial teething problems it’s working no iss
Activated and ready to go
Just going to transfer in some funds and see how that goes

I don’t think there is a referral program yet??

Swipe is a loose cannon. Poor software. All the card holders so far have been burned too. I see two good points tho. 1. crypto sphere has a short memory and 2. The binance backing. Sub $1 pricing at the moment makes it super appealing. With the way CRO is going this is the best value in town but I have to question what’s going on behind the scenes with them

Lex Luthor · 06-11-2020 11:04pm

bingobars wrote: »

I don’t think there is a referral program yet??

Swipe is a loose cannon. Poor software. All the card holders so far have been burned too. I see two good points tho. 1. crypto sphere has a short memory and 2. The binance backing. Sub $1 pricing at the moment makes it super appealing. With the way CRO is going this is the best value in town but I have to question what’s going on behind the scenes with them

In relation to the referral program, yes its available. The code I supplied is available to use when setting up a new account

in terms of the price of SXP, its not necessary to hold any SXP to have a saffron card

bingobars · 07-11-2020 8:32am

Lex Luthor wrote: »

In relation to the referral program, yes its available. The code I supplied is available to use when setting up a new account

in terms of the price of SXP, its not necessary to hold any SXP to have a saffron card

https://swipe.zendesk.com/hc/en-us/articles/360014328658-How-does-the-referral-program-work-for-Swipe-Slate-cardholders-

Nothing for referrals unless it’s high roller bringing in high roller

See the last line “
Note: There are currently no referral programs for other Swipe Card membership levels”

ZeroThreat · 11-11-2020 1:07pm

Anyone here looked into the Hold app and upcoming Utrust VISA debit card?

Lex Luthor · 11-11-2020 4:59pm

I'm sure this has been covered already, but I havent got the time to go through the whole thread, but lets say you buy crypto ABC and it doubles in value and you spend it using your crypto card, are you paying CGT then?

Bob24 · 11-11-2020 5:11pm

Lex Luthor wrote: »

I'm sure this has been covered already, but I havent got the time to go through the whole thread, but lets say you buy crypto ABC and it doubles in value and you spend it using your crypto card, are you paying CGT then?

Short answer: yes CGT is due (in order to pay for something with the card, you crypto has to get converted to euros/fiat, aka disposed of, which triggers CGT).

Gooey Looey · 11-11-2020 5:21pm

Lex Luthor wrote: »

I'm sure this has been covered already, but I havent got the time to go through the whole thread, but lets say you buy crypto ABC and it doubles in value and you spend it using your crypto card, are you paying CGT then?

I know with CDC to spend crypto you must convert it into fiat to top up the card

Lex Luthor · 11-11-2020 5:22pm

Bob24 wrote: »

Short answer: yes CGT is due (in order to pay for something with the card, you crypto has to get converted to euros/fiat, aka disposed of, which triggers CGT).

ay but you can set up the card to pay using your crypto, so I see what you're saying but .............

Lex Luthor · 11-11-2020 5:23pm

Gooey Looey wrote: »

I know with CDC to spend crypto you must convert it into fiat to top up the card

with the Swipe card you select which wallet to pay with, so if you have crypto you select that and pay with that and it reduces your crypto balance

Gooey Looey · 11-11-2020 5:26pm

Lex Luthor wrote: »

with the Swipe card you select which wallet to pay with, so if you have crypto you select that and pay with that and it reduces your crypto balance

Yes buy converting it into fiat as you spend. AFAIK it's a visa restriction that cards must be topped up in fiat

Bob24 · 11-11-2020 5:36pm

Lex Luthor wrote: »

with the Swipe card you select which wallet to pay with, so if you have crypto you select that and pay with that and it reduces your crypto balance

It happens is the background, but your crypto has to be converted to fiat currency to process the payment (the Visa/MasterCard networks can't process payments in cryptocurrency).

And technically, I believe even if you could pay directly in crypto, CGT would also be due as paying for something with an asset is considered disposal. For exemple I believe if I had a 1 ounce gold coin which I paid 1000 euros for and I used it to buy something from you (based on its current value of 1700 euros), It would trigger a 700 euro CGT liability for me, even though I never turned it into cash. Now, are people actually paying CGT in these circumstances is a different story, but technically AFAIK it is due.

ZeroThreat · 12-11-2020 12:52am

Bob24 wrote: »

It happens is the background, but your crypto has to be converted to fiat currency to process the payment (the Visa/MasterCard networks can't process payments in cryptocurrency).

And technically, I believe even if you could pay directly in crypto, CGT would also be due as paying for something with an asset is considered disposal. For exemple I believe if I had a 1 ounce gold coin which I paid 1000 euros for and I used it to buy something from you (based on its current value of 1700 euros), It would trigger a 700 euro CGT liability for me, even though I never turned it into cash. Now, are people actually paying CGT in these circumstances is a different story, but technically AFAIK it is due.

No doubt the crypto investigation task force of the Revenue department is monitoring this sub-forum extremely closely.

Lex Luthor · 12-11-2020 8:22am

ZeroThreat wrote: »

the crypto investigation task force of the Revenue department .

Irish_rat · 12-11-2020 9:05pm

Lex Luthor wrote: »

I'm sure this has been covered already, but I havent got the time to go through the whole thread, but lets say you buy crypto ABC and it doubles in value and you spend it using your crypto card, are you paying CGT then?

Technically yes. I think a good idea would be to top it up with stable coin for the weeks purchases. That would get around the CGT. I would like it just for the cashback alone. My bigger crypto holdings would be kept on the ledger nano anyway.

Lex Luthor · 12-11-2020 11:41pm

Irish_rat wrote: »

I would like it just for the cashback alone.

thats basically what I'm using it for

the weekly shop and anything else I can afford to buy without the need of a credit card

Bob24 · 13-11-2020 12:04pm

It might have been there for some time, but I just noticed a new page on the CDC website with the list of merchant categories for which cashback is excluded: https://help.crypto.com/en/articles/4597450-restriction-of-cro-rewards-programme

At least it clarifies things a bit, but some of that stuff seems way over the top (what’s the story with excluding something like souvenir shops?)

BillyBoy · 13-11-2020 12:34pm

Has anyone else experienced delays on getting their CDC card? Its been at Issued status for nearly a month. I got onto chat and they just said it should be shipping shortly.

Gooey Looey · 13-11-2020 4:28pm

BillyBoy wrote: »

Has anyone else experienced delays on getting their CDC card? Its been at Issued status for nearly a month. I got onto chat and they just said it should be shipping shortly.

Which one? They are prioritising the higher ones. Some people are waiting months. I'm currently waiting on my upgrade to jade from ruby I did before 2nd Nov, but my ruby still works with the 3% cashback which is the same

banie01 · 13-11-2020 4:51pm

As Gooey says it depends on your level.
My original ruby was @2months and waiting on Indigo.
Wife's was about 2 months aswell.

Lex Luthor · 14-11-2020 1:28pm

going to upgrade to a Swipe Sky card
Rewards get doubled to 2% and there is free Netflix, Prime & Spotify

They wont send me a new card but my Saffron card will just be kept on being used with the benefits of the Sky card

BillyBoy · 16-11-2020 10:05am

Gooey Looey wrote: »

Which one? They are prioritising the higher ones. Some people are waiting months. I'm currently waiting on my upgrade to jade from ruby I did before 2nd Nov, but my ruby still works with the 3% cashback which is the same

banie01 wrote: »

As Gooey says it depends on your level.
My original ruby was @2months and waiting on Indigo.
Wife's was about 2 months aswell.

Thanks guys. Its just the Ruby card so at least I know its not just me, its the same all round. Thanks for replying and letting me know.

Lex Luthor · 30-11-2020 12:28pm

nice little bonus rewards from Swipe over the weekend, they doubled on the % rewards for the whole Black Fri weekend

Only found out about it on friday afternoon, but managed to do a bit of online xmas shopping over the weekend to take full advantage

Whelo79 · 19-12-2020 10:05pm

The new boy in town, a crypto credit card.

https://connect.financial/

The listing goes live on 1st January. Initial token price is .10c

banie01 · 19-12-2020 10:26pm

Whelo79 wrote: »

The new boy in town, a crypto credit card.

https://connect.financial/

The listing goes live on 1st January. Initial token price is .10c

The insured deposit limits and the custody and inheritance options with this one are interesting.

The inheritance issue is one I struggle with for crypto.
How to maintain security whilst insuring access to your inheritor is a tough one at times.

Bob24 · 19-12-2020 11:54pm

Whelo79 wrote: »

The new boy in town, a crypto credit card.

https://connect.financial/

The listing goes live on 1st January. Initial token price is .10c

Main difference with existing products is that it is an actual credit card rather than a debit card (I think BlockFi are also working on a similar product).

I am not their target audience as I very much dislike credit cards, but this is a good differentiator with existing cards and there must be a pool of potential customers who would like to use their crypto as a collateral for a credit card (having said that, I am not sure people who are in a position who get a credit card from a local bank without posting any collateral would be interested in this, unless I am missing something?).

SlowBlowin · 04-02-2021 6:49pm

I mined all my coins 2012 - 2013 and do not have any purchases as such (other than initial mining hardware), but also used LTC to buy ETH & BTC so there are a lot of transactions between exchanges, some of which don't exist any more. I have never used a withdrawal facility, although I do have them set up. I am retired and minimal day to day expenses, so I was thinking that a card would be good (I currently have some coins in Coinbase), but to be honest I am still concerned that anything I do could trigger a larger liability.

I guess I have 2 questions.

How visible are these card transactions ?

Anyone have experience with tax on mined coins ?

banie01 · 04-02-2021 11:49pm

SlowBlowin wrote: »

I guess I have 2 questions.

How visible are these card transactions ?

Anyone have experience with tax on mined coins ?

By visible, do you mean to you?
Or to Tax authorities?
Because visibility on both fronts is high, and advising on tax evasion is frowned upon...
But avoidance is grand

banie01 · 04-02-2021 11:58pm

Anyone else upgrade their CDC cards back in October before the staking increases?

I've yet to receive my new card, my old card was deactivated in December meaning no cashback and no subscription rebates since then.

Their CC is blaming logistics issues and 3rd parties which one can always make allowances for.
But when you need to lock up capital for 180 days for the benefits?
Yet the benefits aren't available to you for a substantial period of that, it's bloody annoying!

Anyone else still waiting?

Crypto debit cards latest?

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