I Spent $2,000 on Crypto.com Debit Card – Worth It?

It’s a debit card or credit card?

So I partner with Crypto.com. And they sent me a card and staked it for me. And I really love it! We have a Netflix subscription and my daughter uses Spotify so I’m now getting those for free effectively. But the thing that I really love about it, that you didn’t mention, is being able to liquidate crypto almost instantaneously. I tend to buy crypto with my fiat whenever I can. Sometimes I maybe spent too much on crypto. But my attitude is, if I need some quick cash, I can always liquidate. So with the Crypto.com card. I can sell my bitcoin, top up the card, and buy something in the real world in less than a minute. I can even move bitcoin from my ledger nano over to the Crypto.com app, and then liquidate and buy something cool. Or I can simply go to an ATM and for a three dollar service charge (non bank ATM) withdraw cold hard cash! And when those sweet $50 referral bonuses come in, I sell the MCO for bitcoin, top up the card, and take the family out for a good meal! Or send it to my wife’s card! Cool beans!

For the skeptic's out there just get the free card, you may like it; I do. It's only 1% crypto back but for us poor people that's more than we were getting. Plus it provides a solid point to the non-believers by being able to swap out your BTC to cash card on the spot and spend it if the need should arise. Great vid ?.

Super cool idea I like it!

I personally don't like Crypto.com but I did sign up for the Rwby card out of curiosity. The reason I don't em is cause its not easy to transfer fiat from my bank with traditional banking fees crypto currencies to me are supposed to be an evolution and crypto.com is a hybrid and not the step forward I'm looking for. I also don't want support your ICO if there is a barrier to entry then it's not plan B more like not even a consideration also there is no way I could sell my family members to use my code pay $300.00 that you get back after 6 mons and we both get $50 MCO that you can convert back to money through an exchange. Crypto.com is for crypto users and not noobs. Lark can we get a portfolio in vid in % on your carries as well as how much you make as an affiliate in passive income so I can replicate.

Is the 3% cryptoback ROI marginal because of the fees going (say on a NZ purchase) NZD > SGD > NZD; + $15 SWIFT fee every time you load NZD from your NZ bank account? Makes more sense if you've got a massive vault of BTC that you're looking to spend, but still (BTC > SGD > NZD).

… or you could just use TenX. The app is free. The card costs $15 and you can spend BTC and ETH anywhere VISA is accepted. Been using it for over a year now without issue. Link, link, referral, sponsor – get a grip Lark – killing us softly with that $ong.

Everywhere in the world! That's something I'll definitely be looking to invest in. $50 bucks is a solid signup bonus with a nice perk for travel. Built in staking is a nice choice.

You should spend $2,000 on a better personality! I am just kidding, you have an awesome personality. 🙂

more of this please very interesting maybe comparisons of cards as they come out. Can be a lot take in but worth it! I got invalid code?

You wear the most fabulous shirts mate. I Love it

Have the ruby. I love their service, and I know how secure they are with the keys, but I just couldn't bring myself to spend $2K worth of Bitcoin for a MCO stake. I don't even have $100 in exchanges anymore.

K time for a new trip where you use this card to buy food and a hotel to sleep and maybe other things

I have the free one now I’m have been using it before I get the next one up. But I won’t let me upgrade to the next one

Wow,,,, excellent bro

After you started saying MCO, I was suddenly a baby listening to adult jibberish.

I have the ruby red. I use it when I am in profit. I had to wait quite a bit for MCO to correct in order to stake. I bought some CRO too. I think they are both solid coins and have a future. I canceled my Spotify a while ago and I'm not going to re-up it because you are still paying for it regardless. You are just getting the amount back in their tokens. Lark the real question is what other credit cards are in your wallet? Come on I know you have that AMEX in there! Platinum! Ha!

Good job, appreciate it. I looked into the card myself but chose not to. I figure Gresham's Law is in effect, once I get BTC it's just too valuable to send/spend, even if I can replace it. So I choose to spend USD FIRST, and I never spend BTC although I have used it in the past to buy gold/silver. I don't think BTC will be a big means of exchange UNTIL IT IS NEEDED. Once needed, and I think soon, it will come on like a flood. Soon. The fake "FED" just announced another half trillion in overnight repo bailouts, that means we'll be over the $700B mark that the FED had to get from CONgress in '08. So party on, thank you for being a good steward of crypto and educating us all, appreciate it.

A better route is to get a crypto backed loan in fiat, then pay back the loan with crypto. There's no taxable event if you live in the US

I like Crypto.com. Great wallet.

Good product, but terrible idea if you hold crypo in the US. Every time you spend with that card, it's a taxable event. Imagine every time you went to Starbucks, that's more crap that goes into tax reporting ?

Thank you@cryptolark for making a video about crypto.com.
Even if MCO gets to 3 billion market cap during next bull run , the price will be approx 200$/mco , already a 50x
But we all know that 3 billion will be nothing during the next trillion dollor bull run…
So my prediction atleast 5 billion market cap ! 350$ MCO !!
Do you think its realisticaly possible ?? ?

Its cool there are lending services now. I was looking at this one, but went with BlockFi right now which is going quite well actually. I think this card does offer good benefits and is a good step forward to making more things available in the crypto space. Y not!. the more things the better. Thanks for sharing!

got in when mco was at 3.75 and got it before xmas, so cash back timing is great! haha – the higher % for btc "earn" is great!!!! i got the indigo and my netflix and spotify are now free (u have to charge those bills to your card to get the mco cash back to cover them) – good review!

They need to add monero, that would be super sweet…

I have the ruby red card, it's okay, not happy on deposit fees if using a credit or debt card to fund it. One thing I don't understand, do I need to convert crypto into dollars before I can use my ruby red card?

question, if you spend $2,000 in crypto today will you get back $2,000 in crypto tomorrow when the value of $2,000 in crypto today is worth $1 million tomorrow?

You are telling me, I gotta pay them to use their card 2k? Stupid. I'll keep my btcs to myself.

I use this as well. I am skeptical with these guys, BlockFi (and don't forget Celcius) simply because I always worry that the crypto is going to get stolen since we don't own the keys when we send our coins to them. But I use my Crypto.com card at all the time and convert MCO to BTC a couple times a month. They also do not allow US customers to be a part of their new exchange OR give us the free airdrops of CRO tokens 🙁

You didn't spend 2k on it. You invested 2k on it. That's a huge difference.

You forgot to mention the 500 mco staked also earns 6% interest. I am an expat in Thailand and trying to get the address check completed no easy task when Thai addresses are in Thai scrypt .

You are not buying the card. It is more of a deposit that will likely grow over time.

Problem I see with this is Coinbase already offers a card in some countries. I think these will be pretty standard in the future.

I am disappointed of you. How come that you glorify central services and thus the banking system? You're also glorifying the attached centralized benefits & services like e.g. Netflix. IMHO, the crypto related incentives are only used to advertise and to get you to centralized services. You should at least mention that you're dealing with a representative symbol of a centralized banking system.

Bruh, too much chest this episode.

Hardcore card shilll video

I’m a couple of days away from getting a ruby one in the mail. The app is awesome. The possibility of lending my crypto and earning interest while I wait for the next ATH is very exciting.

I found another card but charges membership fee
I'm skeptical of these crypto Visa cards.

they feel like (MONEY GRABS) they hard to navigate & are
a grey area I might just buy Gift cards with my crypto where it's accepted.

I don't like the idea of Banks trying to be fancy with Crypto I prefer stores?
to make up their minds of where they stand on crypto either accept it or don't.

business owners? need to either take the dive? & accept crypto's? or have the Banks?
fuck the whole crypto scene up.

I can see crypto (FEES) when you want to buy a sandwich & have to sell crypto's 1st through
the exchange & than get charged a Bank Crypto fee for the transaction.

also rumors is that Crypto exchange could take days to sell your crypto because the damn
crypto Bank card is scamming you waiting for the price to drop so rather than that sandwich costing you
$4.99 it now cost you $19.99 because an asshole says the market was busy & locked your sell price at the bottom

WASH RINSE REPEAT LoL pissing off crypto Hodlers!!

why not just cutout? the middle man & stores need to take the risk & use a store wallet address & accept the sale
& it be person to person in (REAL TIME) everybody wins the store owner can keep the crypto or sell it
in the market themselves from a (RELIABLE EXCHANGE)!! a 5 STAR CRYPTO EXCHANGE not GARBAGE.

Does anyone know of a good way to pay a mortgage with a this Crytpo.com Debit Card. I would love to get the extra 3% of my payment in MCO each month

I bought a Blue Plastic Bitpay VISA card for a flat one time fee of $10 bucks. The only benefit is that I can transfer Bitcoin to it and spend it like cash. Yeah, the website itemizes my expenses but that's about it. If I were to buy the card again I would take the other $1,990 and buy another .275 BTC It works for me because I'm not a world traveler yet. :0)

I love my card, I got the indigo card which is the same as yours and I consider upgrading if I like how this goes for my first 6 month term. I had my identity stolen in 2007 so my favorite part is how much more secure it is. I have my spending usd in an 8% flexible term and 12% on my 3 month terms. Btc and ltc 6% on 3 month terms, that’s like doing a tiny dca every week but it’s free. So my card will pay for itself in no time, awesome.

i love my card

Once you stake your MCO to get the card can you un-stake it at anytime if/when you don’t want to use card? Ty

Hey Lark? There's a bunch of critters molesting your wall lamp. Might want to get control of that.
Don't make me strike you for "inappropriate content".

?