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I was wondering to myself, what is the easiest way to cash out in an emergency? Or just to cash out in general, would it be cheaper to have a cryptocurrency credit card rather than transferring between my banks? Turns out this might be the best bet for some if you plan on spending over a certain limit.
I asked on reddit how would you live completely de-centralized without a bank or middleman with KYC requirements, and spend crypto in the stores? I don't think this is possible yet directly from cold storage for example (regardless of what the Monero bots say) yet, but someone mention that crypto.com also issues a pre-paid debitcard.
Which one would you bank on?
Originally posted on my blog where I also compare the native tokens related to the companies.
Footnotes:
* European Economic Area (EEA) includes: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.
** Each card (virtual and physical) will allow you to spend $5,000 a day, for a combined amount of $10,000 per day in point-of-sale transactions. *** Crypo.com's Card Cost, Amount of Fee-free withdrawals, spending, and transfer limits depends on card tier. 2% fee over limit for withdrawals.0.5% for interbank transfers.
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