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[Rikafip]

For this moment i dont understand how can tax service of EU country see Binance card (or not) and count that spended money also.

Well, you are supposed to report your spending Binance card spendings to the tax office in your country but whether you will do it or risk it by not reporting is up to you and probably depends on how vigilant tax service in your country. Vast majority of people I know that are using crypto debit cards are not reporting it to our tax office, but mainly because procedure in my country is incredibly complicated so they rather risk it.

At this moment i'm thinking what different services are most reasonable for exit from crypto to EUR bank account by SEPA to lower comissions directly without p2p.

You might wanna look into Coinbase as well as some of my friends exited to EUR that way.

[1714655079]

1714655079

[Rikafip]

As expected, FTX is expanding their business and after US, they plan to release debit card in ~40 countries, focusing this time on Europe, Asia and Latin America. Since I am pretty satisfied with my Binance card and I really don't want to do KYC on another exchange, I think I will skip this one. Will be interesting though to see the perks & fees as they would have to be really good to get people move away from competition.

As mentioned earlier, the debit cards would be launched in about 40 countries. It was noted that both the parties involved were focusing on Latin America, Asia, and Europe. The cards will instantly connect to a user’s FTX crypto account and are already accessible in the United States.

One thing I don't understand from that article is this part : "Unlink other debit cards, this one would allow customers to make purchases without having to move their cryptocurrencies from the exchange". I mean, how is that different from my Binance Visa card as I also don't have to move crypto from exchange. Or I misunderstood that sentence.

[SFR10]

Will be interesting though to see the perks & fees as they would have to be really good to get people move away from competition.

Despite having no administrative or processing fees ^{[FTX Card Benefits]}, it doesn't seem to offer a cashback reward to its users.

One thing I don't understand from that article is this part : "Unlink other debit cards, this one would allow customers to make purchases without having to move their cryptocurrencies from the exchange". I mean, how is that different from my Binance Visa card as I also don't have to move crypto from exchange. Or I misunderstood that sentence.

AFAICS, there's no difference between the two with regard to that matter ^{[I believe the author of that article was referring to how the majority of other providers usually do it]}.

[Rikafip]

Despite having no administrative or processing fees ^{[FTX Card Benefits]}, it doesn't seem to offer a cashback reward to its users.

In that case I wish them good luck as they will have a hard time getting people on board. Unless their ATM limits are much higher than of competition, but looking at how it is in US, it doesn't look significantly better. Competition is a good thing though for us customers so the more the merrier.

AFAICS, there's no difference between the two with regard to that matter ^{[I believe the author of that article was referring to how the majority of other providers usually do it]}.

Then I guess its just some PR bullshit, to make them look better than competition.

[satscraper]

Nuri, former Bitwala, is going to close its business and be liquidated. CEO urges customers to withdraw their funds by 18/12/2022.  "Unfortunately, we have not been able to find investors to continue our mission and have asked our customers to withdraw their funds by 18/12/2022 the latest, so the business can be terminated and liquidated. Customers have access and will be able to withdraw all funds until the aforementioned date. All assets in your Nuri account are safe and unaffected by Nuri’s insolvency. Trading will be possible until 30/11/2022." (https://nuri.com/blog/letter-from-ceo/)

P.S. I had feelings that something similar must happen and said bye-bye to Nuri in August this year.    

[OmegaStarScream]

Blockchain.com announced a visa debit card earlier today[1][2]. The waitlist is only available for U.S customers for now.

[1] https://cointelegraph.com/news/blockchain-com-partners-with-visa-to-offer-crypto-debit-card
[2] https://www.blockchain.com/card

[snipie]

Blockchain.com announced a visa debit card earlier today[1][2]. The waitlist is only available for U.S customers for now.

[1] https://cointelegraph.com/news/blockchain-com-partners-with-visa-to-offer-crypto-debit-card
[2] https://www.blockchain.com/card

Blockchain.com is a popular site although I believe it dropped a bit comparing to the previous years. They reported a big number of people willing to order the card!

Code:

In a Yahoo Finance interview, Blockchain.com CEO Peter Smith said the card already had 50,000 signed onto a waiting list

There is also BitOasis and FTX that launched the VISA crypto friendly card in the same period which is a good news too. The only drawback is the limited number of countries accepted!

[OmegaStarScream]

Ledger has released a debit card as well (with a third-party service)[1][2]. You need a ledger device if you want the card:

Do I need to have a Ledger wallet to get the CL Card?
Yes, you’ll need a Ledger wallet that is synced with Ledger Live to move assets between your secured wallet and the card

[1] https://www.ledger.com/cl-card
[2] https://blockworks.co/news/ledger-rolls-out-crypto-life-debit-card-across-uk-and-europe

[SFR10]

You need a ledger device if you want the card:

IMO it's a poor decision by Ledger to design it in a way that relies on those who only have a Ledger device ^{[the moment they move those assets to the CL card, they're no longer in custody, so what's the point in limiting it in this way (apart from the marketing part)?]}!
^{- Having said that, the addition of the cryptodraft (and maybe stableloan) was a nice touch.}

[dkbit98]

Ledger has released a debit card as well (with a third-party service)[1][2]. You need a ledger device if you want the card:

Can you guess what will happen with this card if (or when) Baanx go bankrupt soon?
I see they also have their own centralized exchange powered by one more shittoken BXX, so don't be surprised if you hear news about this soon.
My suggestion to everyone who owns this card is not to keep any money there, or at least no more them popcorn and chewing gum money.
Ledger will probably wash their hands like Pilate did...

[NeuroticFish]

I've just read about an anonymous VISA card reloadable with crypto - USDT, USDC, ETH and some tokens: https://cointelegraph.com/news/fintech-company-zelf-launches-anonymous-visa-debit-card-with-crypto-recharge
Interestingly it's an USA company launching them (ZELF) and also interestingly (but in in a bad way) Bitcoin is not in the list of coins.

I don't know how will this go (anonymous, hmmm), if anyone will get to use this, I'd like to hear details.

[dkbit98]

I've just read about an anonymous VISA card reloadable with crypto - USDT, USDC, ETH and some tokens

Now they are claiming there is a delay for issuing new cards, but it sure looks stupid to support all this shitcoins and nft crap, and skip adding Bitcoin.
I am also not sure how this can be called anonymous when I have to open US account with my name, email and phone number, unless I use temporary or disposable phone number and random name.
Zelf website also looks scamish and they have weird .gg domain, so I would be very careful with this and not load more money than you are willing to lose.

[SFR10]

and also interestingly (but in in a bad way) Bitcoin is not in the list of coins.

They added an option on the "8th of December" to also deposit Bitcoin, but in connection to what dkbit98 mentioned yesterday, they just "released a statement couple of hours ago" claiming that their banking partner suspended their program ^{[this must be a new record ]}.

Zelf website also looks scamish and they have weird .gg domain,

I couldn't find the .gg domain that you were referring to, but their website ^{[with .co extension]} is no longer accessible.

[NeuroticFish]

They added an option on the "8th of December" to also deposit Bitcoin, but in connection to what dkbit98 mentioned yesterday, they just "released a statement couple of hours ago" claiming that their banking partner suspended their program ^{[this must be a new record ]}.
[~snip~]
I couldn't find the .gg domain that you were referring to, but their website ^{[with .co extension]} is no longer accessible.

Wow, indeed a new negative record.
I guess that my wishful thinking that anonymous crypto cards could ever become a thing (and not a scam)... remains... wishful thinking...
Oh well... too bad...

[Rikafip]

I guess that my wishful thinking that anonymous crypto cards could ever become a thing (and not a scam)... remains... wishful thinking...

I already came to terms that we will never see fully anonymous, reliable and legal crypto debit card, but if you don't mind about legal part and really want anonymous card that works, you might wanna check this Anonymous crypto loadable bitcoin debit card - No KYC - Private Card Services. Based on the feedback it doesn't look like a scam and cards work, but they aren't cheap.

[NeuroticFish]

Based on the feedback it doesn't look like a scam and cards work, but they aren't cheap.

I've read about that service at some point, I didn't know if it still works, however, I find it far too expensive compared to amounts I'd be using it with plus some effort to keep everything working; for me it doesn't worth the hassle.
I mean that if one doesn't use it extensively then crypto ATMs or the KYC cards + the tax can easily get cheaper.

Thanks though.

[Poker Player]

Based on the feedback it doesn't look like a scam and cards work, but they aren't cheap.

I've read about that service at some point, I didn't know if it still works, however, I find it far too expensive compared to amounts I'd be using it with plus some effort to keep everything working; for me it doesn't worth the hassle.
I mean that if one doesn't use it extensively then crypto ATMs or the KYC cards + the tax can easily get cheaper.

Thanks though.

For me the biggest problem is not a question of money, the problem is that it is a crime, known as impersonation or equivalent depending on the country in which you reside. That card is in someone else's name and you are using it to use funds that the state does not know you have. If you are caught, you are going to have problems.

It will be hard to get caught though if you do things right, but as with most crimes. You have to be aware of the risks.

[snipie]

Based on the feedback it doesn't look like a scam and cards work, but they aren't cheap.

I've read about that service at some point, I didn't know if it still works, however, I find it far too expensive compared to amounts I'd be using it with plus some effort to keep everything working; for me it doesn't worth the hassle.
I mean that if one doesn't use it extensively then crypto ATMs or the KYC cards + the tax can easily get cheaper.

Thanks though.

For me the biggest problem is not a question of money, the problem is that it is a crime, known as impersonation or equivalent depending on the country in which you reside. That card is in someone else's name and you are using it to use funds that the state does not know you have. If you are caught, you are going to have problems.

It will be hard to get caught though if you do things right, but as with most crimes. You have to be aware of the risks.

Not willing to extend the discussion here but it is logical to see such service when the official card issuers are blocking most countries from accessing their service..
I mean look to most services here, they are allowing only US citizens, others just Europeans, UK, few other countries only... Well in this case, alternative services will pop up with higher prices for people spending much money.

[Charlene777]

which card today is best to add after Binance card as cheapest alternative second service for spending crypto in EU to use also with ATM in EUR?

I think Advcash is a good alternative especially for Europeans since it is cheaper than the card available for the rest of the countries in the world.
Otherwise there is Neteller but honestly I am not sure if you can spend directly crypto deposited there with their mastercard or you have to use a third party service for deposit.

Advcash load to USD cards are no longer working. I guess EUR cards can still be loaded but they are only available to citizens & residents of EU, Israel, Turkey.

Do you know of an alternative that provides cards to people outside the EU?

[NotATether]

@Ratimov can you add CoinPayCard.net to the list? They have a working virtual debt card, and get also have an ANN thread for more details: ✅💳Get A Anonymous Crypto Debit Card | KYC-FREE - CoinPayCard.net 💳✅

Note - I am not affiliated with this project.