Spending your crypto
Spending your crypto
As adoption of Bitcoin and crypto increases across the world, it is becoming easier to spend it to buy goods and services. If you have a wallet on your phone, it is easy to use your Bitcoin and crypto to buy things if the person selling is set up to accept it. You can simply transfer it directly from your wallet to theirs. But how do you spend it on everyday purchases if the vendor is not set up to accept crypto yet?
There are a number of services that provide physical debit cards that can be used anywhere that accepts Visa or Mastercard. You can load them up with your crypto or fiat currency to spend. You may even earn crypto on your spending.
Crypto.com
You can obtain a Visa card from Crypto.com once you sign up and stake and amount of their native token, CRO. The amount you need to stake depends on the level of rewards you want. You can earn up to 5% back on your purchases in CRO tokens. You can then add funds to your card either in Bitcoin, certain cryptos or cash.
Binance.com
You can obtain a Visa card from Binance. You can earn up to 8% back on your purchases in BNB tokens which is the native Finance token. You can then add funds to your card either in Bitcoin, certain cryptos or cash.