Its not very clear how the debit card works, so

Question

Its not very clear how the debit card works, so

you automatically open a loan when you use the card? what asset will be placed in collateral wallet? Cant we spend usdc/usdt directly when using the card without opening a loan?!?! @admin

#cryptocurrency #english #nexo

0

21.01.2022

11 ответов

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Bart Автор вопроса

Kristian
For now you can not spend directly without a loan....

Ok thanks. That is really to bad, tbh i wont use the nexo card untill i can choose to spend usdt/usdc or another coin directly without having to open a loan.. because if you pay of the loan before 1 month of no use you will get a fine you have to pay for closing the loan.. nobody wants that..

0

21.01.2022

Kristian

I take a loan, now I have to pay min 30 days interest on it, a week later when it is down to 23 days minimum I make a purchase with my card, at this point it is still just minimum 23 days if I pay it back (not 30 like previously.)

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21.01.2022

Bart Автор вопроса

Kristian
I take a loan, now I have to pay min 30 days inter...

Ok so it still means you take a forced loan.. What if I have $0 In loans outstanding and I use the card, the loan has 0 days of interest and I can pay it off right away?

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21.01.2022

Jesur | Nexo | No Support via DM

Bart
Ok so it still means you take a forced loan.. What...

You can in fact pay it off right away, yes.

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21.01.2022

Davide Swarup

what´s the point? nexo card is a credit card not a debit card. You stake your collateral. You spend, you dont pay taxes and you get cashback. About the 30 days loan fees, I dont know anything about it, yet. I believe that there should be an option for choosing collateral. is all in BETA. I cant even connect the card to goggle pay or curve.

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21.01.2022

Bart Автор вопроса

Davide Swarup
what´s the point? nexo card is a credit card not a...

I dont pay interest on any of my normal creditcards 🤷🏼‍♂️

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22.01.2022

Rob Nexo

Bart
I dont pay interest on any of my normal creditcard...

None of your credit cards use crypto as collateral 😉

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22.01.2022

Kristian

Davide Swarup
what´s the point? nexo card is a credit card not a...

For me it worked to add the card in Curve as well as Apple Pay.

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22.01.2022

Davide Swarup

Bart
I dont pay interest on any of my normal creditcard...

I believe that we are just speculating, and at release we all be happy.

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22.01.2022

Rob Nexo

Davide Swarup
what´s the point? nexo card is a credit card not a...

On Android you would need to manually add your card.

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22.01.2022

Kristian · Accepted Answer

Kristian

For now you can not spend directly without a loan. To have control over added collateral it is best to transfer it to credit wallet ahead of time by yourself, if not Nexo tends to favor high LTV assets.

0

21.01.2022

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Its not very clear how the debit card works, so

11 ответов

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