What is your bank account? Is it some place where you hold your savings? Is it some manner of repository that lets you sleep at night in the knowledge that you have some money saved up for some dark and dreary streak in your life? Or maybe it should be viewed as a real instrument for what it really is – an asset that you no longer control. Let’s face it, the moment you place your money in a bank, it no longer becomes your money. The bank owns that money and it will be used for any number of purposes, the most common of which is lending and credit. That is how banks work – they take up excess liquidity from some people and give it to those who need it most. Those people, in turn, will be using the loan for their purposes like running a business, buying up some crap in a store, refurbishing their apartments, or any other number of purposes.
The bank account is also your instrument for ensuring some meager passive income. You should also face the fact that the interest rate offered by the bank for your deposit is far from generous or ideal. At the most, banks can offer 10% as interest, of which real interest will be around 4% and the rest will either be limited to a certain timeframe, or will entail a lot of additional conditions that effectively make the deposit useless. Among such conditions could be the lock-up of funds for over a year, the inability to add or withdraw funds from the account, or even a sacrifice of another deposit. Combined, these factors make banks rather manipulative and their offers – conditional. Look at it the way you want, but you have few alternatives and will still head for a bank when you need money.
However, there was one industry that had promised a reprieve from the tyranny of banks. The decentralized industry emerged as a counter to the established norm of bank systems and offered a plethora of choices when it came to creating passive income streams. True, most of those streams were rather limited or fraudulent, but they were varied and entailed fewer conditions.
Buy BTC With Bank Account
Bitcoin is one of the only digital assets out there that can compete in terms of versatility and utility with credit card purchases. The bank card is a very useful instrument, one that is very close in utility to using a bank account. The decentralized industry embraced the banking sector as an important gateway for ushering in new clients and welcoming their liquidity, which was conveniently pooled through Visa and MasterCard.
Many people still ask “why buy Bitcoin with card?” and get the same answer. You can purchase Bitcoin in any number of ways, but the fact will remain the same – the asset can only be used in a limited scope of places. Though high Coinbase ratings place Bitcoin at the top of the charts, one has to agree that few shops actually accept it. You can certainly sell Bitcoin and get a profit, but the fear of losing out the next bull run makes it unlikely that anyone in their rights actually will sell Bitcoin. Using crypto with a bank card is now the ideal way of actually utilizing digital assets.
You can use your card in any shop, but that will require the use of fiat currency. However, when it comes to crypto, you will need a special crypto bank card to feel the difference. But, like any bank, a crypto bank will also be devious and will charge you for your operations.
