by Suz
If you’ve seen my Quarterly Income Update posts, you would have known that I earn a lot of interest from my crypto.
In this example, I’m going to show you how I spend my $CAKE rewards using Crypto.com’s Debit Card.
By the way, if you don’t already have a Crypto.com card, you can use this referral link https://crypto.com/app/pprss4c66a to sign up for Crypto.com and we both get $25 USD when you stake for a Ruby card and above.
First up, you can go through these guides if you are not familiar with Pancakeswap.
- BSC: How to Connect to PancakeSwap Using Trust Wallet On Your IPhone
- BSC: How To Stake On PancakeSwap Using Trust Wallet On Your Iphone
- BSC: How To Harvest Your ReWards From PancakeSwap Using Trust Wallet on Your IPhone
- BSC: How To Swap Coins From Pancakeswap Using Trust Wallet On Your Iphone
Once you have BUSD in your Trust wallet (under BSC network), then you can follow the steps below to spend your BUSD using your Crypto.com card.
1. Find your Crypto.com App’s wallet address for BUSD
On the Home Tab -> Transfer -> Deposit -> Crypto -> Search BUSD -> Select BSC -> Copy the address
2. Send BUSD from your Trust wallet to the BUSD address you have just copied
Search for BUSD -> Send -> Paste the address you have just copied -> Next -> Confirm -> Wait for transaction to complete
3. Once the BUSD is deposited into your Crypto.com wallet, you will need to swap your BUSD for USDC (as you can only top up the card with USDC, BTC, ETH)
On Accounts tab -> Select Binance USD -> Sell BUSD and confirm. Rate is 1 BUSD = 1 USDC.
4. Once done, top up your Visa Card with the USDC. You will be able to convert the USDC to SGD. The rate is pretty reasonable.
On the Card tab -> Top up -> enter an amount -> select from USD Coin and confirm.
This is one of the more convenient way that I used to spend the stablecoins. You can use this Visa card anywhere that accepts Visa in Singapore. And this, my friend, is how you spend the Magic Internet Money!
