How do I spend my crypto profits? How do I use cryptocurrency in my day-to-day financial transactions? How do I use cryptocurrency like I use fiat currency for everyday purchases? Can my crypto assets be used as legal tender? As a crypto consultant, these were the most frequently asked questions I got from investors.
While cryptocurrency adoption is spreading sporadically across several industries, the idea of making everyday purchases with cryptocurrency is still foreign to many. However, with several businesses accepting cryptocurrency as payment, there is no reason not to embrace cryptocurrency for your daily purchases like you do with fiat currency.
Although the concept of cryptocurrency may be technical and confusing to some, using the right tool can make it very simple to get started for everyday payment. So, to answer the most frequently asked questions I receive, here is a story of how cryptocurrency was utilized effectively for everyday transactions and purchases by one of my clients.
Getting Started With Using Crypto in Real Life
Selina, one of my top-profile investors, sent me a screenshot of her crypto portfolio, which included various assets that had increased in value after profiting from a bull run. Despite her happiness with the massive gain she recorded, she wanted to use and spend cryptocurrency in real life. She could, however, convert her profit to her local currency and use it for her regular daily purchases. Unfortunately, she lives in a country where cryptocurrency is heavily taxed, and her profit could be taxed up to 30%.
Thus, her main concern was figuring out how to avoid paying so much tax and spending her cryptocurrency profits directly. She decided to research how she could use cryptocurrency in real life for everyday purchases without consulting anyone at first. Of course, she got various feedback from her search queries, with many directing her to download a digital wallet on her smartphone to use cryptocurrency for daily purchases.
Unfortunately, after numerous failed trials with various wallets she downloaded to facilitate daily usage of her cryptocurrency profits, she reached out for further consultation. When she told me about her ordeal, I knew exactly what she needed: a tool in one place that she could use to make her regular basic payments.
Introducing Cwallet: A Crypto Solution For Everyday Transactions
Selina wanted to use her cryptocurrency profits to pay her phone bills, e-commerce website purchases, hotel and travel bookings, and other expenses without converting to fiat and incurring a tax payment of up to 30%. While she had given up on finding a solution after numerous failed attempts with various tools, I introduced her to Cwallet, a must-have crypto tool and a solution for anyone who wants to use cryptocurrency for daily transactions.
Cwallet is a one-of-a-kind crypto wallet that provides users with a mix of custodial and non-custodial wallet options, allowing them to manage and interact with over 800 crypto assets with flexibility, convenience, and security.
Cwallet includes many user-friendly features, such as chatbots enabling crypto transactions on popular social media platforms like Twitter, Telegram, and Discord. This means you can send and receive cryptocurrency directly from your social media accounts without logging into a different platform.
Selina was introduced to Cwallet, and she decided to use the mobile refill feature to pay her monthly phone and internet bills, which allows her to top-up her phone directly with cryptocurrency, with Cwallet allowing her to choose from over 500+ cryptocurrencies and nearly 40 network operators they support in over 40 countries.
She was thrilled and excited about how simple and convenient it was to use cryptocurrency for paying her utility bills. Moreover, unlike when using fiat currency, she does not have to pay any transaction fees to third-party apps such as banks and other mobile recharge wallets.
After using the Cwallet mobile refill feature to pay her phone and internet bills, she discovered some e-commerce marketplaces and retailers that accept cryptocurrency payments for purchases. To attract more customers, most of them offer discounts on cryptocurrency purchases.
Interestingly, most e-commerce websites use the Cwallet payment button on their checkout page to provide seamless payment to their customers. As a result, Selina could make payments directly from her Cwallet account without incurring any transaction fees. Furthermore, Selina discovered platforms that accept cryptocurrency payments for airline and hotel bookings without incurring as many transaction fees, particularly international conversion fees, as she would have incurred if she had used fiat currency.
So, after consulting with an expert, she discovered how her crypto holding could be used as legal tender and how she could spend her crypto profits daily without converting to fiat currency. Importantly, she also discovered the Cwallet tool, which is an all-in-one solution for all crypto needs and everyday transactions.
Selina used cryptocurrency for her daily payments via Cwallet, significantly reducing some charges she would have incurred if she had used fiat currency. For example:
- No more local taxes when she books her flights.
- Refill mobile phone bills directly with crypto.
- No extra fees to third-party online payment processors on e-commerce websites.
- No stress about international conversions when making foreign purchases.
All of these and many other transactions were entirely completed in cryptocurrency, and her concern about using her crypto profits for daily payments and purchases were completely eliminated by Cwallet.
Wanna Use Crypto For Daily Payments Too?
Are you also worried about how you can spend cryptocurrency daily, just like your regular fiat currency? You can use your crypto portfolio for daily purchases like paying phone bills, online shopping, travel and booking, and many more, just like Selina and several of my investors did with Cwallet!
Cwallet is the ideal solution for anyone looking for a simple and convenient way to manage their crypto assets and use cryptocurrency for everyday purchases. Cwallet provides various services that make it simple to interact with crypto assets, whether you are a casual crypto user or a business owner. The best part is that no service or wallet fees are associated with using the app.
Using the Cwallet tool for your daily transactions is a no-brainer. It is simple, quick, and safe. You can create a Cwallet account using your mobile number or third-party networks like Twitter, Telegram, Discord, and Reddit.
So, what are you waiting for? Download Cwallet NOW and use your crypto assets for daily payments and purchases.