I'm looking for a debit card that I can transfer Bitcoin to, so that spending Bitcoin is not a taxable event. I suppose the company would pay the taxes on the conversion. But the upside for them is the price will go up.
I recommend just trying to use merchants that accepting lightning payments and not linking fiat to your transactions at all.
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There are many virtual card methods. I suspect you mean a physical card.
In the U.S. and UK there is Cash App, which lets you deposit bitcoin then spend those funds using their debit card.
In the UK and Eur, I believe you can do the same as above using Revolut.
As far as physical, stand-alone cards, there's also The Bitcoin Company, but not sure if they have a physical card yet.
CoinDebit.io was great. I don't think they've resumed selling their physical card.
Here's another post on this, from earlier this month:
Debit cards that I can easily top up using LN? #115869
Here are some alternatives listed. The list includes BitPay (ughhh ...) and Coinbase, so do your own research first.
Here's a BtcoinTalk thread with additional options. Many have since gone defunct. Which is a risk you face using these -- where one day the card will stop working and the company is bankrupt, leaving you without access to your balance.
There was another post which said Dash Direct too, but that's for shitcoiners.
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There's a number of good methods to pay with bitcoin in bitusher's comment reply in this Reddit post:
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All these visa debit cards are the DISEASE for Bitcoin. We are NOT going back to fiat. We should go forward using ONLY BTC/LN to pay for stuff. By using these cards you LITERALLY give fiat and banksters a reason to exist. We use Bitcoin to fuck the banks not to support them!
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All true and good points, but as with ipv4/ipv6, we are in the transition stage right now.
And besides, they've all been coinjoined at amounts that change each time and are time decorrelated (eg no daily patterns)
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That's like saying: ok I want to get rid of this fire I have in my house but until then I will just put some more gasoline on my floor... to keep it wet.
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True, but finding non kyc btc is like finding a pot of gold at the end of the rainbow. I don't know with certainty that chain analysis can be defeated. I'd rather not be an example for the IRS court. But I am learning all I can about the p2p Bitcoin marketplaces, that seems to be the way to go.
They found the silk road hacker because he tried to buy Bitcoin with bch - it's in the pdfs here[1]. The best one to road is the agent affidavit.
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non kyc btc
There's no such thing. Bitcoin is Bitcoin. All that crap is to make you scared. Ignore.
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so that spending Bitcoin is not a taxable event.
Umm ...
Who wants to tell OP?
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I'm not worried about paying the taxes, it's mainly having to track each and every the Bitcoin to fiat conversion for tax purposes. That would be a headache and I'm just trying to spend Bitcoin, not run a business! But thanks for the great suggestions.
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