How to Spend Bitcoin and Cryptos like a Boss!
Are you a Bitcoin Billionaire? Don't want to cash out and crash the system? What about spending it slowly? Spending bitcoin and other cryptocurrencies is getting easier each day.
Here are a few ways to spend crypto:
Bitpay (privately owned)
- allows you to transfer bitcoin into a prepaid Visa
Goldmoney (publicly traded, see XAU on Toronto Stock Exchange)
- this company stores insured precious metals (gold, silver, platinum, etc.) and several cryptocurrencies using cold storage (BTC and ETH) for small monthly fees
- use the app to transfer gold into a prepaid Mastercard (spend BTC or ETH by converting to gold)
TenX Card (see PAY token)
- their app allows you to transfer cryptocurrencies to a prepaid Visa (currently backlogged with orders)
- currently supports: BTC, ETH, ERC Tokens (beta) and Dash (beta)
Monaco Card (see MCO token)
- their app will allow you to transfer cryptocurrencies to a debit card that will work on the Interac system (without Interac fees)
- holding MCO token can get you certain perks and cashback (i.e. 50 MCO tokens gets 1% cashback, 500 MCO token gets 1.5% cashback, etc.)
- cards being sent out this year (over 50,000 people signed up and waiting for cards)
- they plan to support BTC, ETH and additional cryptocurrencies (details to come)
Let me know if there's a good one I missed.
Buy-Buy Strategy
Have you heard of the BUY-BUY strategy? In this low investment, low risk, strategy you BUY small amounts of bitcoin when it crashes. As it recovers, BUY stuff with it gradually. Repeat. Fiat currencies don't give you 20%+ cashback every couple weeks.
Share your experience!
If you've used any of the above (or another method of paying with cryptos) please share below. Look forward to your comments! Please make criticisms as harsh as possible - I have chronic dry eyes.
EZ C