Coinbase Card

Holy shit, why is no one talking about this? I'm been waiting for this shit for about a year now.

Attached: coinbase.png (1436x1773, 367.95K)

I wonder what oracle provider they are using?

>OMG MY $70 MILLION DOLLAR PIZZA JUST GAVE ME 4% COINBACK
I honestly think this might be the dumbest fucking thing ever proposed in crypto

>implying they need oracles
Its centralized you fucking retard, coinbase could write down the transactions by hand and get some Indian to punch in blockchain transactions later manually if they wanted.

Been thinking about it since I signed up today. 4% cash back is something not even achievable with a perfect credit score. Is there a narrowed release date?

It's coinbase. You needed to acquire the crypto in the first place which if you bought it with cash presumably cost you more than 4%. That's how they can afford it.

To answer your question: yes, you do wonder that.

I just want to spend my crypto without transferring 100K into my bank account and then having people with black suits arrive at my house asking where I got 100K from.

Cost more than 4%?!?!?!? Just buy on Pro, its under .5%

When mine arrives, I will coom on it.

Merica will enjoy paying sales tax and crypto transaction tax as well with this piece of trash.

>4% cash back is something not even achievable with a perfect credit score

Short term capital gains tax would mean an 11% loss on every transaction.

They want to encourage people to keep their crypto on their exchange.

Exactly either those laws change very soon or they are just going to let plebs get wrecked on this

>lose crypto to gain crypto
No. I'd rather have a card that spends USD and awards BTC

Sad but true.
Crypto shouldnt be taxed at all in reality. Extreme risk with no repercussions other than individuals within the sphere losing or gaining. Closed system. Does no damage to the economy. Crypto is still just a drop in the bucket.
Fuck taxes.

Oh I must have misread the OP. I thought it was what you said. Soend USD, get cashback in BTC.

>any asset
Hold up. Does that mean you could set it to only spend USD and reward Crypto? I easily earn $100 a month in rewards points

Attached: CryptoCard.png (814x223, 19.2K)

FUCK OFF WITH THIS JEWBASE SHIT
FAGGOT

People's overtime is subject to higher tax rates... That's all you need to know to understand why crypto is taxed as heavily as posaible. They literally tax people who want to work harder more because they know they have a good work ethic and are reliable. Can you imagine how they look at a bunch of neets who are now worth 6 figures+ based off of a tiny investment in magic internet money in terms of potential income? Politicans (ie, the people who control your taxes and rates) see your money as their money. They feel entitled to it. Taxation isn't fair and was never designed to be fair.

If not just spend usdt or usdc or something..

Literally amass free bitcoin by buying milk
Count me in

Most of us here made our crypto by buying Uniswap shitcoins and selling them later for a 5x

They will probably still report it to the IRS if you spend more than $20k

I put every sinlg ebill possible on my 1.5% reward card. I signed up for the wait list. If it's shit I will cut it up and throw it away.

>Christmas shop
>Spend 500 on gifts
>20 dollar worth Bitcoin
>BTC 10x
>Only spent 300 on Christmas gifts

I have 5% cashback cards.

This, notice how long-term gains are insanely low compared to short-term. It's designed to preserve the wealth of people who can afford to sit on their assets for years.

coinbase has their own oracle stupid faggot

another step farther from decentralization.
(((they))) couldn't centralize the tech so they're going to regulate it to death

guys please Im a brainlet is this good?
I wanna sign up

What are tax implications??????? Doesn’t every sale count as a capital gains tax?

exchanging currency for goods is a sale
it would be a sales tax

>Most of us here made our crypto by buying Uniswap shitcoins and selling them later for a 5x
This literally couldn't have happened, maybe some of you did, but I guarantee the silent masses who keep eating shit on your bullshit rug pulls are here too.