Just curious... Why do you guys want the debit so

Question

Nexo Community

Tony

Just curious... Why do you guys want the debit so

much? The credit card is fine by me

#cryptocurrency #english #nexo

0

31.07.2023

6 ответов

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Tony Автор вопроса

Helge
probably to be able to spend 100% of fiat they hav...

Exactly, as I'm currently using stablecoins as collateral for the card purchases and it almost feels like using a debit card. I would also love to hear more opinions tho

0

31.07.2023

Marco diConti | ❤️₿ | ❤️NEXO

Tony
Exactly, as I'm currently using stablecoins as col...

Aren't you missing out on yield opportunities by doing so? I personally use NETH + NEXO as collateral against card purchases, and keep my stables in the Savings line

0

31.07.2023

Marco diConti | ❤️₿ | ❤️NEXO

(simply because stables earn 0 when in the credit wallet, while NETH and NEXO do)

0

31.07.2023

Tony Автор вопроса

Marco diConti | ❤️₿ | ❤️NEXO
(simply because stables earn 0 when in the credit ...

I don't think that I am missing out on anything, cause I can spend up to 90% of my staked stablecoins with the card. As for NEXO and nETH - the LTV is way lower, so I think that it depends entierly on what your goals are. I still earn on other assets tho

0

31.07.2023

Jay Austin-Wilson

Atleast with most credit cards you spend what you usually would every week with credit card but maintain repayments and you can build up reward points debit cards give you nothing but fees

0

31.07.2023

Helge · Accepted Answer

Helge

probably to be able to spend 100% of fiat they have on the account (for monthly purchases as groceries etc etc), rather than being "limited" by each coins LTV. Though I dont understand the need either, stable coins got 90% LTV so pretty close

0

31.07.2023

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Just curious... Why do you guys want the debit so

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