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If you’ve got it how to spend it

By DAC000 , in Cryptocurrency , at February 26, 2020 Tags:

got crypto?  Wanna spend crypto?  Why go through the process of selling crypto, realising funds then sending funds to your bank for spending? Why not use a debit card backed by crypto? About a three-minute read.

Comment: if you’re a spender this is your solution, but beware: few of these cards offer statements suitable for tax purposes. When spent if your crypto has a taxable gain, you must report the gain and perhaps pay taxes. Be advised, tax authorities globally are paying increased attention to crypto. They will certainly look carefully at holders of these cards. Far, far better to do as I do: buy crypto every week, never spend crypto. I’ve been doing this for years.  Me and my crypto? We are very happy together.