#AskLeo - where do you spend your crypto?
Hi,
for today's #AskLeo, the # tag brought to us by @acesontop, I want to ask what do you buy with your crypto and if you used your crypto to buy things with it?
I'm one of the people that like to hold and don't spend any crypto. For the long run I think it is much better, but now for today I want to ask you if you have spent your crypto for other things or services.
As I ask, I will answer first. I'm a fan of hodling, but I like to test the services and the adoption of crypto. I'm about to test AVA on booking a hotel night directly with crypto.
There are two ways of spending crypto, directly paying with it, which is my aim and converting it to FIAT and then spending it.
At the moment I'm paying some server on Privex, where I pay with crypto. The last payment, which I've done today, was paid with Hive. I'm happy that this service accepts Hive, as it is a use case for something that is not crypto or crypto related, like other coins, tokens or NFTs.
I like the smoothness of the process and that it is a pure crypto transaction. It is not a large sum and I encourage the use of it.
I've changed some crypto 4 years ago to leverage another investment. I wouldn't do it today as I see, there is more opportunity in crypto, where the smart thing is to keep it.
So, what did you buy with your crypto? Did you do it directly or via FIAT?
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Aside of using my Binance card for all sort of everyday shopping for a few times I haven't used crypto for anything else.
May I ask how are you handling the tax declaration for the Binance card?
No need for that.
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Sweeeet! 🍰
Yep.
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Understood, as far as I remember you said crypto is your main source of income.
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Nothing - HODL my crypto
I don't even buy !BEER with crypto
There was a bar in Luxembourg that was accepting SBD 2years for !BEER ;)
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No spending on fiat as yet
Thank you! First have a !BEER
Will do a post, as it is definitely a good idea.
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.Why on more crypto of course!
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Yes, beside crypto, did you use it for something else?
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Paid off about three loans that were hanging over my head.
That is amazing! I hope you become debt free very, very soon!
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My crypto wallets are separate from my spending wallets. I haven't been changing fiat into crypto. I don't consider the 1 time payment I did for Splinterlands as a valid fiat into crypto since it was more for the game.
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Interesting approach, so you never did buy any crypto and everything was earned online?
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I think I blanked out when I wrote that reply earlier. I think everything on HIVE is pretty much without fiat (minus some packs for splinterlands).
I have a separate wallet that I gave one-time funds for crypto and have never added to it since. This was used to buy some BTC and a few other tokens. But I don't have any plans on cashing out this portion of funds. But who knows what the future entails and I don't know if I will add more funds to my separate wallet.
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I never bought anything with crypto... I'm playing the long game, accumulate as much as possible to earn enough passive income to retire. Once I retire I start using them 😁
Lol, the answer is nothing. I haven't bought anything with my crypto yet. I'm planning to buy an office chair for Christmas.
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Your post was promoted by @jfang003
Thank you, @jfang003
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Hmm, I still do the opposite. Pay with fiat and receive crypto cashback (with crypto.com VISA cards). I didn't include paying on Hive gaming sites as crypto payments, although most of them were.
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Very smart choice, that card system has some nice perk!
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Yes it does. Although I saw some complaining about their customer service. Mostly I believe it's growth pains.
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