Wait how do you stop the banks from getting 3% of your money for doing nothing? I've gone full cash and crypto since 2021 started and my fucking bank takes 12$ from me every month I don't have at least a 500$ balance in my account!
Not all banks and credit unions are the same - so do your homework. The one I use has no account minimums for the basic savings account. I also have two separate checking accounts. No monthly fee.
Um, you just said if you have 500 in the account they don't charge you. So, yes there is something you can do about it. Face it, banks aren't open for your convenience.
Ditch banks and credit unions. Once you do that, you'll realize they've created a system that FORCES YOU to use some kind of FDIC insured institution. Any crypto exchange where you can trade fiat for crypto will absolutely require a bank account. Paying certain bills will only allow payments by ACH. Not even a debit card.
So... I opened an account with 'Current'. Works like a regular checking account and there are no maintenance fees for the basic account. No brick and mortar locations but they have all the features of a regular checking account. With this, I'm able to keep most of my value in crypto while transferring fiat as needed. In addition, you could also utilize coinbase's debit card which gives you several spending options with up to 4% back in crypto. Use wawa ATMs for free cash withdrawals for your Current account.
Credit unions suck too. They're all the same. Massive overhead and useless brick and mortar locations.
If you use CoinBase (🙄) transfer your crypto for FREE over to CoinBase Pro. More professional charts and fees are much cheaper (or they were)? Less Exchange to Bank transfer issues for some reason too.
CoinBase doesn’t advertise it for obvious reasons. They’re taking advantage of new people imo. I stopped using them long ago cuz there’s better alternatives.
I've considered it a few times but I just don't do enough converting. I just do my regular trading in usdc on coinex and transfer over profits or whatever to coinbase to spend like cash. Coinbase is just too convenient to stop using entirely. I don't see that as bad though. It's simplicity can bring more folks into the game which would be a good thing.
I'm aware of several other platforms that offer debit features so I could use them too. I just don't yet.
Yeah Crypto.com has a debit card 👍🏽 I do the same as you but instead of CoinBase I use Binance.US to convert USDT to fiat & back to bank. I do all my trading on KUCoin tho & just send USDT to & from Binance.US.
Cash or Cashier checks. What little convenience you may derive today is NOT worth your FREEDOM tomorrow.
"In GOD we trust, all else leave GOLD on the barrel head"
Wait how do you stop the banks from getting 3% of your money for doing nothing? I've gone full cash and crypto since 2021 started and my fucking bank takes 12$ from me every month I don't have at least a 500$ balance in my account!
And there's nothing I can do about it!
Switch to a credit union.
They won't charge me that minimum balance fee?
Not all banks and credit unions are the same - so do your homework. The one I use has no account minimums for the basic savings account. I also have two separate checking accounts. No monthly fee.
NAVY FEDERAL
One I was in years ago required a minimum kept in, as a share, that wasn't available for withdrawal unless I closed out, but it was a tiny amount.
Give me some names, lad!
Mine doesn't.
Which bank is that? I need to switch.
Are there many requirements?
Um, you just said if you have 500 in the account they don't charge you. So, yes there is something you can do about it. Face it, banks aren't open for your convenience.
Thank you captain obvious. That would defeat the whole purpose of me not wanting to keep all my eggs in one basket of which I don't have custody over.
Ditch banks and credit unions. Once you do that, you'll realize they've created a system that FORCES YOU to use some kind of FDIC insured institution. Any crypto exchange where you can trade fiat for crypto will absolutely require a bank account. Paying certain bills will only allow payments by ACH. Not even a debit card.
So... I opened an account with 'Current'. Works like a regular checking account and there are no maintenance fees for the basic account. No brick and mortar locations but they have all the features of a regular checking account. With this, I'm able to keep most of my value in crypto while transferring fiat as needed. In addition, you could also utilize coinbase's debit card which gives you several spending options with up to 4% back in crypto. Use wawa ATMs for free cash withdrawals for your Current account.
Credit unions suck too. They're all the same. Massive overhead and useless brick and mortar locations.
If you use CoinBase (🙄) transfer your crypto for FREE over to CoinBase Pro. More professional charts and fees are much cheaper (or they were)? Less Exchange to Bank transfer issues for some reason too.
Isn’t it insane that CBPro’s fees are magnitudes lower that’s Coinbase? But yet users still buy them Bitcoins on Coinbase.
CoinBase doesn’t advertise it for obvious reasons. They’re taking advantage of new people imo. I stopped using them long ago cuz there’s better alternatives.
what's the qualifications to use Pro?
I've considered it a few times but I just don't do enough converting. I just do my regular trading in usdc on coinex and transfer over profits or whatever to coinbase to spend like cash. Coinbase is just too convenient to stop using entirely. I don't see that as bad though. It's simplicity can bring more folks into the game which would be a good thing.
I'm aware of several other platforms that offer debit features so I could use them too. I just don't yet.
Yeah Crypto.com has a debit card 👍🏽 I do the same as you but instead of CoinBase I use Binance.US to convert USDT to fiat & back to bank. I do all my trading on KUCoin tho & just send USDT to & from Binance.US.
Cash or Cashier checks. What little convenience you may derive today is NOT worth your FREEDOM tomorrow. "In GOD we trust, all else leave GOLD on the barrel head"