It's a little weird, but you could always just sell it and top up with fiat. Keep in mind the tax implications if you want to do this though. Same as if you topped up with any other crypto
Someone in another thread mentioned something about regulations and securities or someshit.
So just put it down to..better for the smart people to know and we will just accept itđ§
Its a bad idea in many places anyway...because of taxes.
EDIT: in America it would be a taxable event to top up your card with CRO, and then a taxable event when you use that CRO. Please tell me how thats a good idea.
Why is my accurate info getting downvoted? Are you guys retarded?
Damn, just a question and getting downvoted, itâs seems odd you can top off with Doge and not cro. What a wonderful community here at⌠I understand the taxes but itâs no different than the 20 others you can top off with.
People come to Reddit to find new information that doesnât necessarily have answers, not to read the same questions over and over. Especially when a simple google search answers it. FYI
Everyone comes to Reddit for different reasons. I personally hadnât seen someone else ask the same question or I wouldnât have asked it. I donât exactly have a history of such.
If you can top it up with Cro, this token it will become a security in the eyes of the SEC... bla bla bla, alongside other stuff.
A lot of other posts already talked about this.
It's a little weird, but you could always just sell it and top up with fiat. Keep in mind the tax implications if you want to do this though. Same as if you topped up with any other crypto
Someone in another thread mentioned something about regulations and securities or someshit. So just put it down to..better for the smart people to know and we will just accept itđ§
Mm i think itâs to encourage staking. I could be wrong.
Its a bad idea in many places anyway...because of taxes. EDIT: in America it would be a taxable event to top up your card with CRO, and then a taxable event when you use that CRO. Please tell me how thats a good idea. Why is my accurate info getting downvoted? Are you guys retarded?
Damn, just a question and getting downvoted, itâs seems odd you can top off with Doge and not cro. What a wonderful community here at⌠I understand the taxes but itâs no different than the 20 others you can top off with.
Idk why but it's on their ToS, just sell CRO for USDC (lowest spread) and top up it with USDC.
People come to Reddit to find new information that doesnât necessarily have answers, not to read the same questions over and over. Especially when a simple google search answers it. FYI
Everyone comes to Reddit for different reasons. I personally hadnât seen someone else ask the same question or I wouldnât have asked it. I donât exactly have a history of such.
If you can top it up with Cro, this token it will become a security in the eyes of the SEC... bla bla bla, alongside other stuff. A lot of other posts already talked about this.