Been looking into crypto cards and I can't figure out which one is worth it. They all sound great on the website, but I need the best one
crypto.com seems like a good choice but the good cashback tiers are all locked behind CRO staking or a monthly sub. And everything pays out in CRO, which I'm not sure I want more of.
Bybit has wild cashback numbers, but from what I can tell, the base tier caps out at like $5/month, which is nothing. It only makes sense if you're already VIP on their platform.
Nexo is interesting because of its credit mode, where you borrow against your crypto rather than sell it. Cashback is like 2% you're not creating taxable events every time you tap the card.
Wirex keeps popping up, but earning in WXT doesn't excite me, and the tier structure looks overcomplicated for what you actually get.
u/Classic-Direction778
My cousin texted me last week asking what crypto to buy. First time he's ever shown interest. I realized the advice I'd give him now is completely different from what I would have said two years ago. Two years ago, I would have sent him a list of 5 coins, a YouTube video, and told him to set up a DEX wallet. What I actually told him was this - buy BTC. Just BTC. Don't look at anything else for at least 6 months. Don't join any Discord groups, don't follow any crypto accounts on Twitter, don't try to find the "next" ETH. Just buy it, set up a recurring buy, and that's it.
The other thing I told him, and I wish someone had told me this early, is to stop selling when you need cash. That was my biggest mistake for years. Every time rent was tight or something came up, I'd trim my position. All I was doing was chipping away at my best-performing asset. Eventually, I figured out you can just take a loan against your holdings instead of selling. I use nехо for it, but there are a few platforms that do this now. Either way, the point is I stopped treating my portfolio like a checking account, and that alone changed my whole trajectory