DeFi

Paying with crypto in the real world.

I am doing it.
It's my main payment method for 2+ years.

There are other options but my emphasis is on:
- Full control over my funds
- Keeping it cost efficient
- Supporting DeFi builders

Here we go.

1/8

Cash account with debit card and personal IBAN that you control from any self-custody wallet you own.

https://holyheld.com 

The degen part of @liquityprotocol • Views my own • DM’s open

Crypto debit card

You want a card which is self-custodial, meaning you can top it up directly from a web3 wallet.
Any and all CEX wallets are therefore disqualified.

There are quite a few options by now:
- @holyheld 
- monolith
- gnosispay
- Fiat24

2/8

I was a Monolith user for over a year, but as it's being sun-setted an alternative had to be found.

I opted for Holyheld:
- It's cheap 0.25% top up (0.75% - 0.50% cashback)
- Top up on several L2's with any ERC20
- Good mobile app and UX
- Good customer support
- Innovative

3/8

Top up the card

I estimate my monthly expenses and then top up my card from @Rabby_io on ETH mainnet.
This tx costs about $5 at 20 gwei

If I need to add funds, I pull the yield from one of my L2 farms.
Gas cost is <$1 and any ERC20 can be used!

Gassles top up is coming 👀

4/8

Send money to your Bank.

I use this when I need to pay for expenses in my home country.

These txs cost 1 EUR and arrive after 2hrs - 24hrs.
Never had any issues.

If you wire 500 EUR that is an offramp fee of <1%.
0.75% top up + 1 EUR.

5/8

Cash out

The ATM withdrawal fee is EUR 0.90 (domestic) and 1.5%+1.5 UR (abroad). That is in line with neobanks.

If you need to go over the withdrawal limit, you can top up your Revolut card with your Holyheld card at 0 fees.

6/8

While Holyheld might not be the perfect card it is a great fit for my needs.

It seamlessly bridges DeFi and TradFi and brings a lot of convince to my life.

Last but not least, it's built by a small team, which works hard to innovate in the space. And I support that effort.

7/8

You can use the card today!

The KYC process is very fast, mine took <1 hr.
Then just add it to Apple/Google pay.

If you want one as well, you can go to:
• holyheld.com/$bjnpck (my ref link with $10 bonus)
• holyheld.com

8/8

Why not just using a CEX?

Struggling to understand why those smaller companiesfor are better for off ramp. They are centralized anyway and have way higher fees without any orderbook.

An order book is nice to save on fees and get better prices on your asset if not stable coins.

AFAIK you loose custody of your funds too as soon as you charge your card, right?
Those companies are an extra centralized intermediary with less features than a CEX?
I've never used those products so I might be missing smth

I am talking about a debit card, not sure why you mention an order book.
I am not trading, I’m using crypto to pay for my living expenses.

You can use a CEX card but then you are giving away control over your money.
I’m in defi to move away from centralization not to give it more power.