Crypto visa/debit cards

Discussion in 'Digital Currencies' started by silverster, May 19, 2020.

  1. silverster

    silverster New Member

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    Has anyone had experience with crypto visa/debit cards?

    I have friends using wirex and crypto.com but these aren't available to Australian citizens.

    I am considering a Spectrocoin card.

    Any experiences would be greatly appreciated.

    Is anyone here on crypto forums that I might ask this question to?
     
  2. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    PM sent
     
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  3. silverster

    silverster New Member

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    Thanks!
     
  4. Jason1

    Jason1 Well-Known Member

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    How do they work? i could imagine going upto buy some petrol,
    Sorry sir you dont have enough funds, Then you wait 15mins for the crypto price to change and you have enough funds to buy the whole petrol station, but if you arent quick enough entering your pin you dont have enough funds again lol.
    The wife is like why are we going food shopping today? and you be like The price is down and that bread would work out to cost $20 a loaf, will have to Hodl a bit more until price goes up before doing the food shop.
    Would have tobe the most volatile card under the sun.
     
    Last edited: May 19, 2020
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  5. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Funds are held in fiat. You can top up your card with either fiat or crypto. If you top up with crypto it automatically exchanges it into fiat.
     
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  6. willrocks

    willrocks Well-Known Member Silver Stacker

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    Capital gains tax?
     
  7. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I think you can pay your tax liabilities by card. ;)
     
  8. willrocks

    willrocks Well-Known Member Silver Stacker

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    Then you'll be trapped in an infinite loop. Paying CGT on your last CGT payment. ;)

    Do the cards have any tax tools that automatically generate tax reports?
     
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  9. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Dunno, haven’t looked into that as I’m not selling crypto to fund the card.

    Edit to add: that’s a problem for the future
     
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  10. Silver260

    Silver260 Well-Known Member Silver Stacker

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    I've been using Coinjar for years. Very happy with the service. Even got a free card when the original broke ( normally $30 ).
     
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  11. silverster

    silverster New Member

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    Thanks all. Huge help.

    So, people here have happily used crypto.com and Coinjar cards.

    I've spent a lot of time looking into crypto.com so I will apply for this one. Might even apply for a Coinjar card too once I've looked into it.

    Appreciate the responses everyone...
     
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