Has anyone used a Credit Card that gives you Crypto rewards?

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Yhuw33

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Yhuw33
Aug 12, 2021 7 Comments

Saw an interesting post about BlockFi & Visa partnering on a Bitcoins reward card in the US

https://coolertalk.substack.com/p/blockfi

#Bitcoin #crypto #coinbase #Blockfi

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TOP 7 Comments
  • New
    Altguy

    New

    Altguy
    Getting crypto rewards from Coinbase card -spending USDC and earn XML or BTC is not taxable since Coinbase treat USDC and USD as 1:1 . However it will be taxable if you cash out the crypto or convert into another coin.

    Blockfi crypto card offers 1.5 % BTC cash back which is not taxable until you cash out or convert into another crypto

    So just accumulate crypto rewards and save it for the future to avoid all the taxes
    Aug 12, 2021 2
  • Sounds like a tax nightmare
    Aug 12, 2021 3