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

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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.
It has never been more important to educate yourself financially.
Contact me here if you are interested in working with me:
/ jameskaylive
/ jameskay99
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

Опубликовано:

6 фев 2024

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Комментарии : 510

@melaniekehaya2868 5 месяцев назад

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

@MikeCharles81 5 месяцев назад

That's because Visa is not the government

@josephspruill1212 5 месяцев назад

@@MikeCharles81visa teamed up with Coinbase years ago. I’ve had the card in my wallet for a few years now I know!

@Mystic-Seer 5 месяцев назад

They just want to control and track it, and us. 😔

@cheery-hex 5 месяцев назад

visa the company doesn't care about that. It's govmts and their puppet masters@@Mystic-Seer

@TheWizardofOdds-ut2bx 5 месяцев назад

They just want their piece of the pie. @@Mystic-Seer

@ecavero1 5 месяцев назад

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.

@christbenson6004 5 месяцев назад

Hi,greetings to you,how are you doing today?

@DJ-Illuminate 3 месяца назад

Thanks. Good to know.

@BF1GUN 5 месяцев назад

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!

@MillieMaldonado704 5 месяцев назад

The greatest long-range investment profits are never obtained by investing in marginal companies. Investors desiring maximum gains over the years had best stay away from low profit-margin or marginal companies

@JeffAlvin-di1wz 5 месяцев назад

Hello i'm new to the market how can I get a trade section with your Dfm?

@JeffAlvin-di1wz 5 месяцев назад

Thanks for the recommendation I just contacted and she attends to me nicely❤

@basicforge 5 месяцев назад

Or the pain of paying taxes on it when you sell it. Makes VISA's idea a little less appealing.

@BF1GUN 5 месяцев назад

@@basicforge What do you mean? You’ll be liable for taxes regardless of how you sell.

@MrDamon888 5 месяцев назад

KYC is a main problem.

@jameskay428 5 месяцев назад

Is definitely centralised.

@user-dy2qq5wh4b 5 месяцев назад

ultimo and metagensis dont report.

@quantumenergy3334 5 месяцев назад

Not sure if it would help but I just came across Palau creating a Digital Residency physical and digital ID specifically for blockchain people are using for KYC. (Not a true residency) It’s on Palaus government website and they did a press conference about it.

@quantumenergy3334 5 месяцев назад

Search KYC Palau.

@dangermouse8466 5 месяцев назад

@@user-dy2qq5wh4b Who runs metagenesis? Where are they based? I could not find any information on them and as such can't trust them. I don't even see how it all works. As for Ultimo, I did not find any information on that company. Do you have any links I can check? Thanks.

@davidmercer5561 5 месяцев назад

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

@matthewwilliams5445 5 месяцев назад

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

@HexBore13 5 месяцев назад

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

@Nilz4FR 5 месяцев назад

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

@RiseAboveItAllnow100 4 месяца назад

Yeah that’s a lot

@MrCODEmaster999 4 месяца назад

That's pretty good when you need a reliable broker that won't mess around.

@TCNTadas 2 месяца назад

From atm, but what about usual payment in restaurant ?

@TCNTadas 2 месяца назад

What about fees converting crypto to fiat and withdraw to bank than cash out there ???

@EmpowerWave-ol2ol 20 дней назад

Who cares 🎉

@RebMordecai 3 месяца назад

KYC required. Defeats one of he major reasons for using crypto - PRIVACY!

@ogcrypto6022 5 месяцев назад

Thanks for the video man

@TheSherchel 4 месяца назад

Thanks for the content ❤

@rolandrodriguez5677 18 дней назад

About time, thx!

@ajt51508 5 месяцев назад

Get visa involved get the thieves involved.

@oluwafemidada7074 5 месяцев назад

This is the first I come across your video and I love it. Weldone. Already subscribed

@jameskay428 5 месяцев назад

Thank you, really appreciate it!

@gs12pilot 5 месяцев назад

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

@hillybangbilly0101 5 месяцев назад

usdt trc20 valued US$59 fees approx US$7

@mikescarborough9196 5 месяцев назад

ATM convenience, ATM fees.

@sharpy1785 5 месяцев назад

In the UK, it’s almost impossible to purchase crypto on Binance. I had to go down the p2p trading route, the fee was around 8% to purchase. You’re now looking at 16% fees for On/Off ramping, then 40-50% CG Tax on any gains. The system is now fully rigged.

@SHx589 4 месяца назад

Worth it for now

@hernandezgomez932 5 месяцев назад

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.

@affiliatemarketingsoldier6885 5 месяцев назад

Thank you for this valuable information. Liked an subscribed. 😃

@gerhard-jx4rn 5 месяцев назад

Good video thanks straight talk

@ohepay7343 5 месяцев назад

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.

@BullishDumpling 2 месяца назад

thank you, subbed!

@jameskay428 2 месяца назад

Thank you!

@goldenratiorob4907 5 месяцев назад

Limits of $1500 per transaction | $14,000 daily | $28,000 monthly | $100,000 yearly KYC required with address proof, ID document scan, and a selfie Minimum is $30.00 equivalent per transaction Transak processing fee: 3.5% for EUR & GBP, 5.5% for other currencies. What a Joke!!!! No wonder no one is talking about it!!

@almarshall1452 Месяц назад

Basically you get all the hassles, take all the risks and wait until governments change laws so they can go after you when you sign up. You also invite third parties to either look into your finances or give them access to your private information that they can sell to others... hmmmm Not that positive if you ask me!

@nicktrieu8129 5 месяцев назад

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.

@lynussss 5 месяцев назад

Exactly

@dropdroppie1653 4 месяца назад

Wich exchange does that ?

@steveb7600 4 месяца назад

if you are buying or selling on KYC then assume they know who you are and the government can audit that info at will assuming they don't already have direct access.

@Kendowyouknow 5 месяцев назад

Good stuff 👍

@TheWagcat 5 месяцев назад

Thanks for the update, nice to have some positive news regarding on/off ramps between Tradfi and Defi.

@christbenson6004 5 месяцев назад

Hi,greetings to you,how are you doing today?

@michaelnsofwa3117 5 месяцев назад

The video is very informative, educative and liberating. Thank you so much for wonderful video.

@deborahblades4000 4 месяца назад

Great news. I wonder whether the reverse would also be available, that is , the exchange of fiat for crypto.

@HendrixTaylor24 5 месяцев назад

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

@137dylan 5 месяцев назад

What's the catch tho? Massive fees/spread?

@HendrixTaylor24 5 месяцев назад

@@137dylan I had a play around and to get £300 of usdt on bsc into my MetaMask was £2.99. I didn’t go through with the transaction though.

@mydrone9606 5 месяцев назад

FCF soon to be rebranded ZYPTO have the same service, low fees as well.

@yv8190 5 месяцев назад

No KYC

@dd4778ryd 5 месяцев назад

is this just for small amounts? Can you put large amounts on a card then buy property for example through your card?

@djicebreaker80 5 месяцев назад

Thanks for the update and I found it very helpful

@jameskay428 5 месяцев назад

Thanks, glad it was helpful!

@pigsupporter 5 месяцев назад

Your videos are always so helpful. Thank you.

@christbenson6004 5 месяцев назад

Hi,greetings to you,how are you doing today?

@MyLibertyTV 4 месяца назад

Until the US Congress is convinced to change the tax code this is not very feasible in the USA as you create a taxable event every time you buy something.

@deborahscanlan2065 5 месяцев назад

It’s a great start, it will open the door for further options in the future.

@christbenson6004 5 месяцев назад

Hi,greetings to you,how are you doing today?

@JTheo73 5 месяцев назад

Brilliantly done James 👌 As soon as HMRC created a crypto assets tax page online it was only a matter of time ….remember heading towards 2025 agenda 👍

@jameskay428 5 месяцев назад

Thanks, glad it was useful

@Alexxx---101 5 месяцев назад

Thanks Ted

@paulshirley 5 месяцев назад

I did find this video interesting.. So I liked and subbed.

@jameskay428 5 месяцев назад

Thanks, glad it's informative!

@bluenetmarketing 5 месяцев назад

Incredible amount of valuable crypto information in just this one video. Thanks!

@jameskay428 5 месяцев назад

Thanks, glad it was informative!

@christbenson6004 5 месяцев назад

Hi,greetings to you,how are you doing today?

@SlackHoffman 5 месяцев назад

Ok 👍 😅…like a hasty school kid I asked before I watched lol 😅…..great guns 💪

@TheWealthUniversityOfficial 5 месяцев назад

KYC!!! NO

@tony74jsy 5 месяцев назад

Awesome thank you

@jameskay428 5 месяцев назад

You're welcome, glad it was useful!

@BSJWright 5 месяцев назад

Good to know as I have crypto holdings in my business, some of which I will hold (a la Microstrategy), and some I will sell in the future. I was able to on-ramp using Transak (from Lloyds Business Banking). So it's not been an issue for me. I'm based in the UK.

@theunspokentruth5987 5 месяцев назад

Metacard is coming out very soon this will be a game changer

@janeznovak2408 5 месяцев назад

no kiding,..same swift fiat BS

@airlinesecret6725 5 месяцев назад

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

@G1CHO 5 месяцев назад

True is such an obvious trap, but it works so everyone will jump on it.

@Greencloud8 4 месяца назад

Defeats the purpose of getting away from fiat

@RIZFERD 5 месяцев назад

Nah.. it means too many fees Visa and MasterCard will rip us off! I haven't used any credit card neither debit card for years already but mobile banking and cash withdrawal at non-atm 24/7 open local counters we have here in Indonesia.

@MrDharmarajj 5 месяцев назад

James thanks for the info. Would you know if Visa needs to conform to the Common Reporting Standard (CRS) where they may need to provide kyc info of clients to governments?

@jameskay428 5 месяцев назад

Yes, KYC is required as it is very centralised

@TrapstarJolene Месяц назад

Thanks

@davidreilly1031 3 месяца назад

I've had a Mastercard with Uphold for over a year, really easy to use, and nominate which crypto currency from my portfolio I want to spend from. Mastercard is accepted in as many retailers as visa. So the title of this video made me watch to see whats actually a new thing.

@pranov.radhakrishnan 5 месяцев назад

P2p is much safer..and cheaper ,visa wil definitely charge huge fees..govt wil charge u tax ..p2p is safe.

@user-rh8mr2md6z 4 месяца назад

Very useful information

@alexanderbuckley8975 2 месяца назад

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?

@joeGuizan 4 месяца назад

Good info🏖️🤑

@jbrown9163 5 месяцев назад

and a whole lot of banks reporting to irs and hmrc, no thanks

@janeznovak2408 5 месяцев назад

all,..they need to report,..it is law

@jbrown9163 5 месяцев назад

@@janeznovak2408 says the woman that works for the f****g government

@sabbirbinmuslim 5 месяцев назад

thank you , this is very valuable as I am uk investor

@jameskay428 5 месяцев назад

Glad it was helpful!

@prestonmcgurk4772 5 месяцев назад

Hi James great information many thanks 😊 you mention ledger as one wallet what about tangem wallet how can I find out if needed

@johnsouthern362 4 месяца назад

Also have Tangem, what have you done regarding taking any profits, which method would you suggest?

@drz4073 5 месяцев назад

Simple - VISA will start out charging small fees at first (for transferring crypto to VISA debit)... then the exchanges will also charge transfer fees.... then foist ever increasing fees...

@louciamichaelides9992 5 месяцев назад

Awesome Great News Crypto Keep It UP Keep Going. 💯✌️👍💪

@suziestevens9747 5 месяцев назад

Like most on/off ramps the true net transaction cost is seemingly invisible. Transak says that they charge a 1% fee. Does Visa also make a transaction charge? So, overall cost of taking some ETH (e.g.) off Metamask could exceed 5%. Way more than my bank is willing to give me as a deposit rate. P2P tends to be 1-2%. I would have expected this service to be competitive. Am I wrong? Please sort me out. A couple of worked examples would go a long way to explain this. E.g. 1) 100 USDT to a USD-based Visa Card. How much do I get? 2) Similarly, to a GBP-based card. and 3) 100 worth of ETH to same. Thank you, in anticipation.

@sonotu8510 5 месяцев назад

Please use swiss money is much better and less fee

@ravaneda 5 месяцев назад

Thanks James!! 🎉🎉😊🚀🚀🌙🌙

@johnschroeder2710 5 месяцев назад

I've been doing exactly that for three + years with the square cash app card, piece of cake

@SweetJennyFan 5 месяцев назад

This is a key step in global crypto adoption. Very exciting. Thanks.

@janeznovak2408 5 месяцев назад

nope it is a key step to CBDC adoption

@1rsheridan 5 месяцев назад

Great news thanks James - have been looking for a solution as this for a while now

@jameskay428 5 месяцев назад

Thanks, glad it's helpful!

@mtpeterteacher755 5 месяцев назад

As a revolut account holder, it sounds like I/they have been ahead of this curve. For BTC, I abandoned Binance about 8 months ago. The purchase/sale charges are still pretty steep with Revolut, but on balance better than including Binance in the food chain.

@donnaharratt 5 месяцев назад

I've just started using Revolut and love how easy it is to combine my fiat and crypto but the fees are excessive and the only USDT option right now is Ethereum which costs a fortune to transfer!

@p.newsman 5 месяцев назад

Nothing beats CASH

@sang3Eta 5 месяцев назад

Cash has lost 8% of it's purchasing power every year on average since we dropped of the gold standard in 1971.

@p.newsman 5 месяцев назад

@@sang3Eta Cash is "printed freedom" and ultimate privacy for a free society - no bank nor government freezes it, no one can really track it, identifying every move you make. CBDC and even normal bank deposits will geht stolen one or the other day - while trying to save people spreading "misinformation' (when history proves every CT came true ;)

@SPaddy-fb7hy 5 месяцев назад

Or the square wheel,eh?

@janeznovak2408 5 месяцев назад

@@sang3Etanot cash,.,.currencys,..cash as method of payment will remain and with time will prevail,..not all people like and want CBDC banks gestapo card system

@teddyp1605 5 месяцев назад

Where is the list of countries that will allow this?

@adamg2204 5 месяцев назад

Ledger already has this with the CL card

@stewheart 5 месяцев назад

I think real integration will be when most transactions between stable coins and normal fiat happens in the background - most people will be transfering it it without even realising.

@iuliansc8446 5 месяцев назад

Whoever uses cryptos does not want the system to know what transactions it makes, it would be an incredible snitch, so no thanks

@TheWizardofOdds-ut2bx 5 месяцев назад

Not necessarily. Crypto has a cult following. Some people love using crypto for the sake of it.

@dd4778ryd 5 месяцев назад

is this just for small amounts? Can you put large amounts on a card then use that to invest in other assets?

@RevvedUpBiker 5 месяцев назад

Some banks are fairly flexible, and some in the UK have a blanket ban on crypto on and off ramps. A total pain. I just hope in the coming years it becomes much easier and safer.

@benbeh1499 5 месяцев назад

Visa for Asia ? When or how soon ?

@21__Million 5 месяцев назад

Walkthrough is necessary

@jason.martin 5 месяцев назад

Is there a non KYC one coming out?

@23bramble 5 месяцев назад

Here is a question for you slick , how can you pay any taxes we are due if we cant get it of exchanges ?

@MrDoyley35 5 месяцев назад

Will this work now from coinbase. I had to do a swift international transfer in the past which was stressful as it was routed via a bank in Slovakia which I thought was a scam and waited nearly a week for the funds to clear.

@COO698 5 месяцев назад

Please bring more information of how we can do large transaction from crypto to dollars in #1 transaction or do a daily payment of large amount from crypto to any business.

@ogcrypto6022 5 месяцев назад

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

@patmagic3301 5 месяцев назад

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?

@patmagic3301 5 месяцев назад

@officialadmin602I’m not sure what you’re saying?

@dropdroppie1653 5 месяцев назад

HIS POINT EXACTLY !

@HotTopCom 5 месяцев назад

great news

@RichardFletcher 5 месяцев назад

That will be why some banks have moved over to mastercard.

@SlackHoffman 5 месяцев назад

Hi James I’ve seen this but just to clarify will this work with a visa debit or just a visa credit card 💳?? Thanks 🙏 for the intel as always 🤘✊🏆

@jameskay428 5 месяцев назад

Just to a Visa debit card

@ummb7963 5 месяцев назад

@jameskay428 So like our normal visa bank cards which we have? And the bank wouldn't freeze it if large amounts was deposited into it from a decentralised exchange?

@samurai-capybara 5 месяцев назад

I was wondering the same thing. If it's crediting my debit card, that means the money is going into my current account. A credit card account is a different thing.@@ummb7963 @jameskay428

@ZoeyRios 5 месяцев назад

@@jameskay428how to apply?

@keithwhite2986 5 месяцев назад

Whilst this sounds good I am not sure it offers myself any advantage over using the Bisq decentralised exchange network?

@christbenson6004 5 месяцев назад

Hi,greetings to you,how are you doing today?

@keithwhite2986 5 месяцев назад

Sequentially. @@christbenson6004

@tedlessor3887 5 месяцев назад

Not surprised, the Coinbase debt card is Visa. The big players are coming in slowly. I would like to use a credit card to buy crypto.

@janeznovak2408 5 месяцев назад

verry bad idea

@formxshape 5 месяцев назад

Can only imagine the bad sale price when you ‘withdraw’ your crypto to the card 😂

@user-hw5td5xm9b 5 месяцев назад

Been doing this for the last 6 months on Uphold. Visa in , Visa out.

@perfectroulettedeal1663 2 месяца назад

hello mate... Is that Revolut accepts from Uphold? I was bit worried that uphold can block me!!

@bawsypvp5481 5 месяцев назад

what are the fees like?

@vjmceo 5 месяцев назад

Is there a way to invest in it yet?

@salsabus1 5 месяцев назад

I believe that support for cbdcs will create a backlash from the people that are against it. Just my opinion

@dineshmistry8902 5 месяцев назад

Thnx James for this update. It seems slowly fight against high street banks providing opportunities for alternative solutions along with DeFi wallets which is a great news. However, the main challenge is how much fees Transak and Visa changes.... to be within affordable range

@moneymachine100 5 месяцев назад

Yer bro na what are the pro's and con's of the new ETF's

@moonshotsilver 5 месяцев назад

Would it be possible to gift crypto in this way to someone elses visa debit card or would it have to be in your own name ? Thanks

@giovannirusso9837 5 месяцев назад

To which debit cards ? I'm sure I cannot withdraw to any card I actually have or how does it work ?

@georgekubu5094 2 месяца назад

Hi James, I wish to return to the UK from China after 5 years of non-residency which i understand means that i will not be liable for CGT .My question is can i still use the UK banking system to access my gains and hold them in my UK bank account and not be liable for taxation.Do i have to repatriate those gains before i return as I also understand that i will be liable once i return for cashing out any future gains once domiciled in the UK again.Please could you tell me if my thinking is flawed or correct? or is this something you can only answer to a paying client? Kind regards. George Kubu

@Abracadabra21 5 месяцев назад

Would be interested about fee charges for those transactions, any info on that?

@christbenson6004 5 месяцев назад

Hi,greetings to you,how are you doing today?

@craigperry5564 5 месяцев назад

Great Intel!

@jameskay428 5 месяцев назад

Thanks, glad it's useful!

@Phucket24 5 месяцев назад

Can you please explain the extortionate fees behind Bitcoin when a person want to cash out of Bitcoin

@onekycarscanners6002 5 месяцев назад

Same kind of thing PayPal did and ended not making sense. I mean visa and Mastercard are only useful if cash exists apart from that it's not needed for the future with Ai and Blockchain integration. Why would anyone connect his open online statement to the oldschool closed system.