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?
credit cards is evil, people with this this one just don't see any line for money spending Death on Credit, just like Louis-Ferdinand Celine wrote
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.
Exchanges are better for transaction safety, there are lot of vulnerabilities in cards usage and how you use the process is most important
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
I still can't choose. There many knowledge required to make this choice. I am not an expert, that's why I need help.
Look, credit cards with cryprocurrency are now supported with ATMs. Isn't it's convenient to withdraw your money from nearest ATM?
It's better to buy a hardware wallet and store cryptos there, as it's immune to hacks. Or choose an exchange, which provides a cold storage for keeping crypto funds.
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.
What if I don't like that way? It's not secured since they trace my CC and make a video record in the end.
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.
