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21 sats \ 12 replies \ @Coinsreporter OP 4 Feb \ parent \ on: Fold Expands Relationship with Visa to Accelerate Bitcoin Rewards Card Programs bitcoin
Fold does give Bitcoin rewards as per some stackers.
I think its just for debit cards right now, but I'm not sure.
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It's handy. I have the shakepay version here in Canada. I have stacked around 350k sats over the past couple years just using it to pay for small things. I don't use it to buy anything big but I will usually keep around 100 on the card and then if I need to pick up a few things at the grocery store or pay for gas I will use it.
Used to give me 2% back in bitcoin but that was just for the first 5k spent so it is 1% now.
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I respect it but don't feel like you missed out and need to make up for lost time. You will always regret not having bought more bitcoin but if you DCA whatever you can either daily or weekly you will end up with a nice stack. You are still way ahead of most people.
1% is also great. But it's kyc , right?
Do you top it up with no kyc bitcoins, or Kyced Bitcoins?
I'm not aware about the laws in canada but here they want us to declare our earning in Bitcoin. If we do, they impose a 30% tax for any earning in Bitcoin is considered as donation or gift. There's a relaxation upto $600 though.
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I'm also not sure. It's not available in India so I never had a serious thought about it.
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