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61 sats \ 7 replies \ @grayruby 4 Feb \ parent \ on: Fold Expands Relationship with Visa to Accelerate Bitcoin Rewards Card Programs bitcoin
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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40 sats \ 3 replies \ @Aardvark 4 Feb
My personal spending account is extremely lean right now. I have some pretty aggressive stacking goals right now.
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41 sats \ 2 replies \ @grayruby 4 Feb
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.
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80 sats \ 1 reply \ @Aardvark 4 Feb
Looking at a 10-20 year horizon, I definitely didn't miss out. However, right now things are going pretty good financially for my wife and me. Things like that don't last forever usually, so im taking as much advantage as I can while I can.
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50 sats \ 0 replies \ @grayruby 4 Feb
Good to hear all going well for you. Keep on stacking.
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40 sats \ 2 replies \ @Coinsreporter OP 4 Feb
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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20 sats \ 1 reply \ @grayruby 4 Feb
It is definitely KYC.
There are capital gains taxes on Bitcoin in Canada but only if you sell. Don't give them any ideas to tax my rewards. They definitely will. Canada loves taxes.
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40 sats \ 0 replies \ @Coinsreporter OP 4 Feb
Great. Canada is still doing much much better than India.
They tax it as I said if you just recieve it from anywhere. It's like you recieve 1 Bitcoin and it'll be 0.69 straightaway.
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