Binance Visa Card vs Crypto.com: Review after 6 Months Using Both! - YouTube

Hello everyone it's Petko Aleksandrov, hope  you are doing well and in today's video  

I'll be sharing the differences between the  Binance visa card and the Crypto.com visa card  

and I know many YouTubers have reviewed them  and they compared them but you will notice with  

most videos that the YouTubers doing that they  don't have those cards, they're just reviewing  

the conditions on their websites which obviously  you can do as well but I have been using Binance  

visa card and I have been using Crypto.com cards  for quite a long time now and I can tell you  

the most important that you need to know and  actually my Crypto.com card is in my car so let  

me go straight in there. Alright guys, right in my  car, I believe yep here it is because I usually use  

it on the Gas stations here is the Crypto.com visa  card and why not actually going to the Gas station  

right now so I can show you how it practically  works instead of going back to the office  

This is a Crypto.com visa card versus Binance card  and the first thing I need to compare is the first  

impression and I actually keep in here yep there  they are okay, this is the envelope that I received  

the Binance card okay, a very average envelope and  inside I have a piece of paper, welcome to your  

Binance cards and a few things you can do, this is  how it looks like okay, but pay attention to how  

I have received the Crypto.com card, this is the  envelope, alright and look at that when you open  

it, you find the cards in here, this was where it  was placed, okay I have some money in right now  

but I got it into this piece of envelope which  is pretty cool isn't it and as well I have  

received obviously, it's not a personal one but it  is from the Co-founder and the SC of Crypto.com  

kind of a letter, okay so definitely the first  impression is way better on Crypto.com compared  

to the envelope from Binance, common Binance you  can do so much better than that. And the next thing  

when we're talking about impressions is that when  you hold the Crypto.com card here we go and you  

hold the Binance card there is a huge difference,  you know why, because the Crypto.com actually  

is a metal card, it's much heavier and when I  give it in the hands of someone in the shop or  

if I give it to my wife or friends to use it, they  always have the same first impression when they  

get it, whoa! It's heavy and I say yep because  it is a metal card. The Binance is just  

an average plastic card, definitely a better first  impression goes to Crypto.com, of course that's not  

the most important thing right. Now I will go  to the Gas station to put some gas in my car  

and while I'm going there I will explain  what is the most important thing you get  

when you are using Crypto cards such as Crypto.com visa card and Binance card, it is the cashback you  

receive, so for every purchase right now I'll  be putting gas in my car, I will get a cashback  

it depends on the type of cards you have, I have  reviewed them separately I will drop links down in  

the description so you can see exactly what's the  different criteria when you are choosing the card  

and you will know which card suits you better, for  example if you select to use the Crypto.com card  

you will see the different types of card explained  in the video and how much money you need to stake  

So when you are using Crypto cards you get  cashback, for every purchase let's say you spend  

50EUR on a purchase you are getting cashback,  depending on the type of card you have for example,  

on those two cards right here, I have 2% cashback, with the Crypto.com, it depends how much  

you are staking or how much you are locking as  CRO, this is the token of Crypto.com and with the  

Binance it depends how many Binance coins you  have or BNB coins you have in your wallet  

so you are getting more or less cashback on every  purchase, but the most important thing is, when  

you're getting the cash backs you get the token  you're not getting fiat money as Dollars, Euro  

or any Pounds yen wherever you are, okay you're  getting the token with the Crypto.com visa card  

you're getting CRO coins as a cashback, if you  spend $100, you get $2 with my type of card  

as a cashback or I'll be getting $2  in CRO coins, if the CRO coin sits at 0.50  

0.50 or 50 Cents, I'll be getting 4CRO coins,  if I spend a hundred Dollars, I hope this makes  

it clear it's the same thing with the BNB  or the Binance coin. So here comes probably  

the most important thing which coin or which token  you want to hold is it's CRO or is it BNB and  

from my trading perspective as a trader definitely  BNB has more value, you know where it sits today  

and so where is the CRO coin, this is because the  BNB has way lower number of coins in circulation  

compared to CRO coins even they have burned some  in the past still, CRO coin is much depreciated  

on the other hand if you earn more CRO coins,  when you are purchasing with your Crypto.com  

and in time if the coin increases in value that  would be better right, but if you want to go for  

the more valuable token at the moment and hold  more BNBs definitely, I give a point here to  

the Binance just because the token is way more  appreciated, but here is a huge note guys, with the  

Crypto.com I can fund it with another visa card  from a bank account with a fiat currencies okay  

but with BNB or the Binance card, I can fund  it only with Crypto, for example if I wanna  

spend what is it $100, I can put some  Bitcoin, Ethereum and in time when I'm purchasing  

they will convert and I will spend those money  but here is the trick, this is a taxable event  

Every time you put Crypto in your  card and you spend it as a fiat money,  

you are supposed to pay taxes and can you guess  how many transactions you are doing in 1 year, I  

bet hundreds or even thousands of them, right so it  gets really hot and a lot of people don't realize  

that but when you put Crypto in your Binance card  and you make purchases those are taxable events  

guys you need to pay taxes of course it depends  where you live but in most countries you need  

to pay taxes, my solution here is very simple I  just make bigger transactions with the Crypto on  

Binance, for example if you have bought a Bitcoin  at $20,000 and you decide to sell  

it at 40,000 you have a 100%  profit or that would be $20,000 as  

a profit, you know how much taxes you have to pay  and you are spending this $40,000

on your Binance card, but if you make small  transactions 20, 50, 5, 3, 40 or whatever every time,  

this will be really hard for you at the end of the  year to pay your taxes, that is why with the small  

transactions, I prefer to use the Crypto.com  because I don't need to fund with Crypto I can  

top up with fiat money and as well when the Crypto  market is going up and I want to hold it for  

longer, I don't feel like selling my Cryptos, I  prefer to top up the card with fiat money and  

I'm still getting those cashbacks, okay where on  Binance we don't have that option, you can top up  

only with Crypto, so that's a huge thing to know  and I will see you just on the Gas station guys

and

here I am at the Gas station, let's put some  gas with the Crypto car so what you need to  

bear in mind is that those are visa  cards and you can purchase anything  

where they have post terminals as well one thing I  forgot to mention is that you can purchase online  

and even when you are ordering the card before it  arrives you can use it for online purposes, okay

Voila that hard to do, now it is time  to go back to the office guys. Okay  

guys, so you already saw how that works,  it is super cool to have a Crypto card,  

gives you cashback, it depends what you're looking  for, if you want to save CRO or if you want to keep  

BNB, it is up to you, I will be happy  to see your thoughts in the comments below  

and I will see you in another video,  if you just subscribe, do it now cheers  

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