/biz/ - Business & Finance

[Anonymous No.30409497]

>hurrrr you cant buy your groceries with crypto

[Anonymous No.30409593]

Can someone clarify this for me:
When you use these cards to make purchases for crypto, you are technically cashing out the crypto, and therefore pay taxes on that (as well as standard taxes on the goods)?

[Anonymous No.30409652]

>>30409593
why would i pay taxes? i don't give a shit

[Anonymous No.30409695]

>>30409497
when can i get this card?

[Anonymous No.30409706]

>>30409593
you're taxed on the goods...

[Anonymous No.30409720]

>Bank to bank transfer and they take the equivalent value out of your crypto wallet
Not actually paying with crypto though, crypto will never be a mainstream form of payment.

[Anonymous No.30409778]

>>30409593
Yes

[Anonymous No.30409796]

>>30409497
Unironically i've been using the binance card to pay for most of my shit for the past few months, you even get BNB cash back as a reward which was basically extra free money with its recent pump.
Crypto cards are comfy af

[Anonymous No.30409836]

>>30409652
Hello based department

[Anonymous No.30409934]

>>30409706
No shit, but that's not what I'm asking. These cards convert your crypto to cash at market value and then process the cash transaction, am I wrong? So don't you get taxed on the first conversion and then standard goods taxes on whatever you buy on top?

[Anonymous No.30410045]

>>30409652

[Anonymous No.30410193]

>>30409497
Nice fucking try bankers
You'll never have my bitkongs

[Anonymous No.30410300]

When is my coinbase card going to ship for fuck's sake

[Anonymous No.30410425]

>>30409497

You can literally pay with flexa

Why use a fucking giftcard you stupid faggot. Just let them scan you fucking phone

[Anonymous No.30410600]

>>30410425
How does this work? I assume you aren't paying transaction fees for each of these purchases, but what does flexa charge?

[Anonymous No.30410714]

>>30409695
lmao, can you be more retarded?

[Anonymous No.30410976]

>>30409934
I thought it was like a credit card. It holds your crpyto as collateral in case you cant make the card payments

[Anonymous No.30411094]

why americans always get the goods first
this is not fair bros :((((((((((((((((((((((((((

[Anonymous No.30411111]

sadly is not available in my country yet

[Anonymous No.30411217]

>>30409720
This basically.
But since crypto markets are getting more liquid and theres a lot of action, its good for trading.

[Anonymous No.30411226]

>>30410714
can you?

it still says coming soon your faggot. are you saying you work for coinbase are some insider you know when they will release it? please share, if not please take your dilating mangina back lgbt and bleed in company your mentally defected triple chromosome faggot.

[Anonymous No.30411240]

>>30410976
yup i believe it uses you crypto as colateral to establish a credit line that you then pay.

[Anonymous No.30411351]

>>30409593
Yes. You pay sales tax on the goods, and then have to report the conversion of your crypto>USD on your taxes.

[Anonymous No.30411396]

>>30409652
>i don't give a shit

[Anonymous No.30411429]

>>30409497
You cant, they take cash not crypto. Your shit just gets converted in something actual valuable

[Anonymous No.30411511]

>>30411396
>complying under threat of force

[Anonymous No.30412010]

>>30409497
Why the fuck would you buy stuff with crypto? Did the 10,000 BTC pizza teach you retards anything?
I'm just in it for the free tokens.

[Anonymous No.30412293]

>>30409796
Do you hold stable coins that are used to buy shit with? do you just swipe the card in a store?
PLEASE ELABORATE IF YOU HAVE THIS FIGURED OUT

[Anonymous No.30412685]

>>30409497
These are shit, use TUSD as fiat onramp and offramp, it's the best there is.