Hey guys! How do you think what is better to choose for fiat: crypto exchange or credit card supporting crypto? In both cases you have to pay some percents for conversion but in case with credit card you can simply pay with it everywhere. What do you prefer and which exchanges or credit cards are worth trying?
Ugh...wha? I don't like to take money from bank and government with percentages. But I like to transfer my tokens to payment card and hold it in my pocket, cuz I have access to them 24 / 7, see now?
It will be the best decision! I was thinking about crypto card but then I counted the percents and decided to refuse the idea as I don't want any bank to take my money. Moreover then it won't be private anymore and I don't really want someone to check how much crypto do I have
What is the reason to speak about insecurity? If you're afraid - then don't try. Saving money in bank may be also insecure but the whole world do this.
Which vulnerabilities do you mean? At some point it's very convenient to use credit card as you can pay for anything with it. What are cons?
Really? Where did you find skepticism in my words? You speak about insecurity, then you say you trust in everything.. So what is your choice: wallet or credit card?
I prefer Wirex card for my crypto. As it's supported by ATM's in my country, this is available for me 24/7
Look, credit cards with cryprocurrency are now supported with ATMs. Isn't it's convenient to withdraw your money from nearest ATM?
You know, you shouldn't rely on other people's words and suggestions. It's just a question of your convenience. Which service is better for you. So check its pros and cons and decide on your own.
And how much do you lose on exchange rates using this card? I'm thinking to get one for myself, but still don't know if it's profitable thing.
I mean when you use a credit card that belongs to some bank - the bank itself takes some % in addition to the rates they choose. So in any case you lose some more in comparison with a usual exchange.
Okay, got it. It's not too much if you pay small amounts, but on the whole it's not very pleasant to lose 4% from each payment, especially when it's btc or other crypto.
What is its best purpose then? Why should anyone have such credit card connected to btc if you don't want to spend them? )
I'm not using this card for payment in grocery sore, but I use if for international transactions. 5-8 times per month, maybe
According to recent events, many exchanges lack good security, so I would choose a credit/debit card supporting crypto. However, I don't really know many banks that offer such option so an exchange seems to be a more easy way. Let me know which bank you use and if it is open for overseas customers
I like the convenience of payment by card. But personally, I never used the credit card, since I don't like to pay extra money. That's why it's better for me to collect some amount of money for several months and then buy smth. For the crypto purchase I always used my savings.
