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.
10 sats \ 0 replies \ @BrandonNakamoto 11 Jan 2023
I recommend just trying to use merchants that accepting lightning payments and not linking fiat to your transactions at all.
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10 sats \ 1 reply \ @cryptocoin 11 Jan 2023
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.
https://www.investing.com/news/cryptocurrency-news/top-12-crypto-debit-cards-to-consider-in-2022-2871977
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.
https://bitcointalk.org/index.php?topic=5280997
https://bitcointalk.org/index.php?topic=5280997.msg55362616#msg55362616
There was another post which said Dash Direct too, but that's for shitcoiners.
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10 sats \ 0 replies \ @cryptocoin 11 Jan 2023
There's a number of good methods to pay with bitcoin in bitusher's comment reply in this Reddit post:
Alternatives to PayWithMoon?
https://reddit.com/r/BitcoinBeginners/comments/wmthyw [Teddit]
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10 sats \ 4 replies \ @DarthCoin 11 Jan 2023
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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0 sats \ 3 replies \ @IanMalcolmPhd OP 11 Jan 2023
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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0 sats \ 2 replies \ @DarthCoin 11 Jan 2023
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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0 sats \ 1 reply \ @IanMalcolmPhd OP 7 Feb 2023
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.
https://www.justice.gov/usao-sdny/pr/us-attorney-announces-historic-336-billion-cryptocurrency-seizure-and-conviction
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0 sats \ 0 replies \ @DarthCoin 7 Feb 2023
There's no such thing. Bitcoin is Bitcoin.
All that crap is to make you scared. Ignore.
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0 sats \ 1 reply \ @cryptocoin 11 Jan 2023
Umm ...
Who wants to tell OP?
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25 sats \ 0 replies \ @IanMalcolmPhd OP 7 Feb 2023
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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0 sats \ 0 replies \ @juan 11 Jan 2023
https://paywithmoon.com
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