You Can Now Withdraw Crypto Directly to a Visa Debit Card & Avoid Using A CEX. Here Is How!

On ramps and off ramps for crypto have been difficult for many people in recent years.

Withdrawing cryptocurrencies into fiat currencies (USD, GBP, Euro etc.) using centralised exchanges has also proven challenging due to many factors including regulation and banks blocking cryptocurrency transactions.

However, Visa has now partnered with a Web3 payment infrastructure provider that is registered in the U.S., UK, Poland, India and the UAE to allow people in 145 countries to move crypto straight to a Visa debit card.

Through wallets such as MetaMask, Trust Wallet, Ledger etc.

Mastercard may also follow suit soon.

Find out more in this video.

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Disclaimer:
The information contained in this video is for informational purposes only. Nothing shall be construed as financial advice. The content is solely the opinions of the speaker who is not a licensed financial advisor. The speaker does not guarantee any particular outcome.

#crypto
#centralized
#cryptoexchange

[melaniekehaya]

Visa’s smart. Crypto is where the money is. Instead of fighting it they need to hop on board.

[BFGUN]

Thanks for the video, James.
This is the biggest announcement I have heard that can help bring crypto to the mainstream because, as it stands now, most people would have no idea, or interest, in going through the tiresome routine of what we have to do to convert crypto to fiat currencies, let alone the pain of having to buy crypto to begin with!

[ecavero]

The idea of using Bitcoin is to avoid the traditional fiat infrastructure altogether. Bolt Card is a card that when tapped on a compatible NFC reader, sends a transaction over the Lightning Network directly to the merchant. No fiat rails nor KYC needed.

[NilzFR]

and then they rip you off with 5% transaction fee....

[matthewwilliams]

Appreciate you keeping us UK boys up to date - keep doing what you’re doing.

[HexBore]

Thanks for the update. Interesting, it's great to have more options – but I wonder what the fees will be ...

[nicktrieu]

This would allow regulators to identify the owners of the wallets if they transact directly from the wallet. I would still prefer to transfer my cryptos to an exchange that provides a visa/mastercard debit cards.

[davidmercer]

LOVED IT!
Nice to hear someone talking truth.
They're days are limited. They have to know it

[teddyp]

Where is the list of countries that will allow this?

[gspilot]

Did you look at the fees? They are excessive !!!! 100 ADA value $56.12 fees $4.22 that is 7.5%

[patmagic]

How does Visa report taxes on the transfers? What countries can these visa accounts be set up in. Can a citizen of the US transfer to a foreign owned visa account?

[airlinesecret]

Could you do a walkthrough video to show how its done (cant find instructions on Youtube) say from Metamask to Visa ! Oh and Thanks for the info

[ohepay]

Thanks for the video and I suppose its an alternative way. The fee is too high and i would prefer to go with the exchange p2p route.

[ajt]

Get visa involved get the thieves involved.

[ogcrypto]

Yeah well how much of the charging for transaction fees is the question...

[sharpy]

Isn’t that going more down the centralisation route, using a company like visa??

[alexanderbuckley]

The complicating factor is is this transaction would be classed as disposing of an asset and therefore has capital gains tax consequences.

How is that accounted for?

[steveholloway]

Revolut does this. ping it over to your revolut wallet and then convert to fiat, ?

[HendrixT]

Thanks so much for this. An absolute game changer for us Brits (considering the amount of exchanges not allowing deposits).

[hernandezgomez]

Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.