How To Withdraw from Binance without Fees | Binance Visa Card (Euro)

[@TheLearningsReport]

We'll add the FAQs here as the come through! At time of writing, we have NOT been charged a 0.9% fee when making Euro transactions 🤷‍♂️ Questions/comments, hit us up below! Hope this helps. Ste & Cian

[@hreynisson]

What about using BUSD as the payment method? Does it count as a taxable event as other digital assets? And do Binance have some sort of cashback extrad for that as well as BNB?

[@TheLearningsReport]

@@hreynisson Sorry for some reason your comment ended up being flagged as spam and didn't appear until we approved it! As BUSD is pegged to the USD, I would be very surprised if it was treated as a taxable event (but of course, if you would still need to convert your holdings to BUSD first, and that, would be a taxable event). Cashback at the moment is only paid in BNB token, unfortunately. - Ste

[@nicholasdvimidha7419]

Hello again :) I know this question is weird, but I want to know so I give it a try. How can the government check my purchases on my binance card, since it's not connected to my bank, and they can't see the money I withdraw from Binance to my Binance card? My passport / identity is connected to my Binance profile, and everytime I spend money, it will show my name on the receipt to the owner of the store, but I think that's it. Has Visa anything connected to ones own government? I can’t figure my head around how they can track down how much money I have, or have spend through this card? P.S i'm using fiat/euro from the card, and i'm a NFT creator who get’s crypto, so the money have never ever been in my bank. Thank you

[@nicholasdvimidha7419]

Simply said: can i actually avoid paying taxes as a nft creator with binance card

[@TheLearningsReport]

@@nicholasdvimidha7419 simply said, not legally in Ireland. There are some countries in the world where there may be 0% tax but it would involve relocating. - Cian

[@waynemcnamara5373]

Great video lads, I have used Binance for months but never withdrew funds. However wished to do so over the past couple of days and was having a nightmare, I was actually considering transferring to another exchange but is a bit cumbersome so this is a great work around and gives me comfort again I can access my funds. I'm new to.your channel but based on this great advice 👍

[@TheLearningsReport]

Nice one Wayne - really appreciate that feedback and thanks for the shout. Hope you continue watching! - Ste

[@Muslem1680]

1:19Does this show anything for me? For example, if we click the yellow button once, everything will end once

[@TheLearningsReport]

Hey Dastan, Thanks for watching. Which country are you based in? Binance card isn't supported in some countries. More here: academy.binance.com/en/articles/what-are-crypto-cards-and-how-do-they-work - Cian

[@CastraRadu]

9:37 I try to introduce the Binance Card to revolut and transfer euro but give me the error: '' Heads-Up...your bank refuse the transfer'' , something like that...

[@TheLearningsReport]

Don't really understand - 'Refuse the transfer?' You're just linking the card to your Revolut, not transferring 🤔

[@CastraRadu]

I talk to the binance support, the support guy says that doesn't work this method, from binance card to revolut card, but whatever i try again next time:D

[@TheLearningsReport]

@@CastraRadu I'm still a little confused by what you're trying to do. Am I correct in saying that you're trying to add your Binance Card to the Revolut app, so that you can take funds from your Binance card, and move them into Revolut to spend with Revolut, or move back to your regular bank account - right? As you see in the video, we do this exact thing (link the card to Revolut) and I'm able to move the funds from the card into my Revolut balance. However, the video example was with the 'virtual' card details (as at time of recording the physical card hadn't arrived yet). I'll try today with physical card and see if it works fine 👍 I assume it will, but happy to double check. - Ste

[@kacperbytnar6057]

@@TheLearningsReport I have the same problem as him, That method worked for me last 10 times but now they changed the way you verify the payment and transcaction gets declined by binance

[@TheLearningsReport]

@@kacperbytnar6057 Hmm v interesting. I still haven't had a chance to try it personally, but appreciate you backing up the other viewer's point. Just to clarify, we are all talking about the same thing here, right? As in, you're just linking your Binance card to Revolut, and trying to add funds from your card to your Revolut wallet. Just want to make sure I understand the issue and we're not all confusing each other 😅 - Ste

[@jhomarmatalog147]

Would I get taxed if i withdraw here in Netherland? I Will use USDT/EUR

[@TheLearningsReport]

Hey - I don't know the specific Dutch tax laws, but if a 'crypto withdrawal' is viewed as a taxable event in the Netherlands, then I would imagine yes, your situation would be similar to ours here in Ireland!

[@LaserGunNun]

Hi gents, really great content, please keep it up. You already saved me on the 1.8% deposit fee :D Thank you!

[@TheLearningsReport]

Will do, Kev - appreciate you taking the time to write the feedback. 👍 Glad you're enjoying the vids! - Ste

[@bedantasaha5699]

Ahhh Finally!!!! Thank you so much guys!!! You are always the best ❤

[@TheLearningsReport]

Cheers Bedanta 👍

[@CAPTAINSARGE]

Is Sepa working again on Binance Ireland ? Might get charged 2 Euro though ?

[@TheLearningsReport]

Hey Captainsarge, Yes, Binance SEPA EUR deposits/withdrawals are being re-introduced again across markets now - more information is here: www.binance.com/en/support/announcement/6bd5763ecaa04a4a87b2ef0053842207. You just need to pay whatever Revolut/bank charges that there are - Binanace won't charge a fee. - Cian

[@sahiwalboy]

I live in Ireland and I have Binance physical card . It arrived within 10 days

[@TheLearningsReport]

Hey Usman - nice one, thanks for letting us know, Ste's card arrived shortly after recording this video!

[@meditationdaily1129]

hm how is crypto/DeFi blockchain a taxable transaction? I thought there's no EU/country specific crypto regulation in place, am I wrong? thanks in advance!

[@TheLearningsReport]

So in short, yes you're correct - there's no specific guidance yet, but that doesn't mean it's simply tax free :) In Ireland for example, the guidance is that the same rules for stocks/shares apply to crypto, at least in general terms. If we look at how things are going in the US when it comes to taxing defi etc. it's very likely that those transactions will be seen as taxable events. Governments are not going to just let a whole industry go un-taxed :) - Ste

[@misclic2408]

ty..can i ask ? can i transfer-receive , money from & to my neteler card ?

[@TheLearningsReport]

Hey! Hmm we're not familiar with Neteller, but you may be able to link the Binance card to your account, like the way we do with our Revolut accounts in this video? Maybe give it a try with a small amount of money as a test. - Ste

[@mohanpulami7273]

ATm machines is asking to me 12 pin numbers? How can we find out that ..do you have any idea ??

[@CastraRadu]

If I want to withdraw USD, what I need to convert? I see on that convert section for e.g , FROM ETH to USDT or USDP , what I need to choose? usdt or usdp? , Thank you!!!

[@TheLearningsReport]

Hey Castra - Convert from ETH to USDT, and then visit the link below to then convert your USDT to USD. Just double check the link below to make sure USD is available to you 👍 www.binance.com/en/buy-sell-crypto

[@toturialsbb9327]

@@TheLearningsReport what about busd?

[@victimtv6451]

​@@TheLearningsReport what about gbp. Can I add gbp to the card?

[@maumatielo]

Keep it up with this amazing content lads!

[@TheLearningsReport]

Thanks, Mauricio, appreciate the support!

[@victord.4388]

Really helpful! Thank you!

[@TheLearningsReport]

You're welcome, Victor!

[@MayLifeWithTheMJs]

Thank you! This helped me a lot

[@TheLearningsReport]

Glad to hear it, and no worries! - Ste

[@Svareliss]

Tried to apply for it I'm based in EU and I was only able to press the pre-order button, god knows when I will be able to apply, it don't seem to be so easy anymore.

[@TheLearningsReport]

That's frustrating - where are you based? When we ordered ours a couple of weeks ago there wasn't any 'pre-order' issues. Perhaps this video has caused a bit of an uptake 😅 Are you able to access a virtual card even, no? - Ste

[@Svareliss]

@@TheLearningsReport Lithuania. Nah, as soon as you log in and go into Binance virtual card section there is a "pre order" button you press it and thats it, dead end.

[@TheLearningsReport]

@@Svareliss very strange, It does mention on the Binance website that it is only available in certain countries but Lithuania is one. "Binance card is available only to users from selected countries, including: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden" academy.binance.com/en/articles/what-are-crypto-cards-and-how-do-they-work Maybe raise a query with Binance support to check? Let us know how it goes! - Cian

[@nicholasdvimidha7419]

great video and description thank you so much

[@TheLearningsReport]

Thanks a million for watching, Nicholas! :) - Cian

[@bucharestred]

when you transfer from Bitcoin into the funding wallet ... does the Bitcoin remain as Bitcoin or sold for USD

[@TheLearningsReport]

Hey - it remains as Bitcoin until you make a purchase. At the time of purchase, Binance automatically converts the required amount of btc to euro 👍🏻

[@kristofdebacker7186]

Hi, can I still apply and use the Binance Visa in Belgium. Since Binance will be banned here?

[@Tom-ms5ot]

I just love Binance. No other words needed :-)

[@TheLearningsReport]

Haha - not sure if sarcasm, but we agree 🤷‍♂

[@erenseremet2337]

How do we link the Binance card to Revolut? Is it possible to add the virtual Binance card to Revolut ?

[@TheLearningsReport]

Hi Eren - we show a brief clip in the video of linking the card to Revolut. If you rewatch you should see it! Its as simple as adding any bank card to Revolut 👍🏻 so just follow the usual steps for adding a card. Yes you can add virtual card but you’ll need to remove and add physical card once it arrives (as virtual will deactivate)

[@IGNACASLTU]

Great! You are life savers.

[@TheLearningsReport]

No worries, Ignas, glad we could help! - Cian

[@danomartis9136]

Did you have to pay anything for shipping of the card or does Binance pay for the shipping ?

[@TheLearningsReport]

Hey Dano, Binance ships the first card for free. Replacements will cost you €25, though. - Cian

[@danomartis9136]

@@TheLearningsReport Thank you very much for the quick reply 👍

[@AnandYadav-re3wh]

You guys are genius 👏 🙌 love the video

[@TheLearningsReport]

Thanks a mill, Anand! See you in the next one 👉 - Cian

[@shivams417]

super vid, i do have card its great. btw amzing timing :D !

[@TheLearningsReport]

Thanks Shiva! Hopefully Binance add some Netflix/Spotify rebate style of perks soon - similar to Crypto.com 🙏🏼

[@shivams417]

@@TheLearningsReport yea that would be great 🤞🏻

[@panpap4808]

Hello,great video!Can i use my bianance card in my apple pay?

[@TheLearningsReport]

Hey Pan, Currently, they don't support Apple Pay (but do support Google Pay). We're not sure when they plan to introduce it but from checking a thread on Reddit, some users seem to have found a workaround on Curve. www.reddit.com/r/binance/comments/jtthds/binance_card_apple_pay_support/ To caveat, we haven't tried it ourselves but might be worth a go. - Cian

[@askrep9390]

Is it possible to deposit money from ATM to card?

[@TheLearningsReport]

Hey AŞKREP, Do you mean to put cash on the card? You could deposit cash to your bank and then transfer money to your Binance account. What are you trying to achieve putting money from an ATM to a card? The above might be an overly complicated process. Cian

[@lilz0r]

Hey, great video. I have a question, if my local currency is not EUR there still be no fee, when i withdraw from the atm or buy on website?

[@TheLearningsReport]

Hey Kiril - thanks a million. So my hunch is no, you might be charged the fee if its not EUR. However, as we show in the video - Binance are v unclear when/if the fee applies. To be honest, your best bet is just to trial a couple or small transactions and look at the payment breakdown once they’ve settled. You’ll be able to see if a charge was applied or not! Let us know how it goes. Would also be interested to hear the country/currency you’re considering so that we can help other viewers who have the same question 👌🏼 cheers - Ste

[@moisesg.v.1575]

Hi, if you use the Binance card to cash out using an AIB ATM, will AIB charge you any fee?

[@TheLearningsReport]

Hey - Binance say they 'may' charge an atm withdrawal fee of up to 0.9%, but you'd need to test it out as I've only ever used it for card payments. In terms of AIB ATMs specifically, again, you'd need to test it and see. Usually, if the card you're using isn't compatible with the ATM (or it's not the native bank card) there will be a message displayed saying 'X fee for this withdrawal will be charged. if you find out that indeed you do need to pay a fee, the alternative would be to link your binance card to revolut and move your funds into Revolut before withdrawing from ATM. (Or just pay with the Binance card directly and avoid the hassle!) - Ste

[@moisesg.v.1575]

@@TheLearningsReport cheers bud!

[@Djaysolitty]

It don't work the the Bahamas 😢

[@stevexapril7226]

So i can add the binance visa to revolut.. and transfer money from binance visa to my bank account connected with revolut? Tks alot

[@TheLearningsReport]

Yes we were able to add our Binance Visa to Revolut, fund Revolut wallet with €15 from Binance Card, and then once its in your Revolut you can do whatever you want with the money. Spend it, move it to your other bank account, etc

[@stevexapril7226]

@@TheLearningsReport sry for the stupid question.. so i added my binance visa to revolut.. how can i transfer to my revolut visa?

[@TheLearningsReport]

If you rewatch the vid it shows you 👍🏻 you just need to hit add money, then ‘change’ bank card, add a card securely, and then add the details of your Binance card. You can then transfer the funds from Binance Card into Revolut Balance.

[@stevexapril7226]

@@TheLearningsReport thanks alot much appreciated

[@TheLearningsReport]

No problem at all - best of luck with it! Thanks for the questions.

[@dimart1843]

Thanks a lot 👍🏼 Best of luck 🍀

[@TheLearningsReport]

Cheers Dima! No problem.

[@lepassagedenfer]

Thanks so much for this video. you guys are the best!

[@TheLearningsReport]

Cheers! Appreciate it and glad it helped you. - Ste

[@salehnawaz7233]

Sweet info... thx guys

[@TheLearningsReport]

No worries, Saleh!

[@CryptoWealthGroup]

4:50 7:00 9:40

[@alanfink5249]

Great content !. may I ask you where do you have the BNB to have the daily bnb balance calculation ? Binance Savings Account Balance? "Locked Savings" works for the bnb balance calculation?. thanks!

[@TheLearningsReport]

Hey Alan, Thanks for watching! We briefly refer to it at 11.15 but Binance Savings Account Balance is definitely included. No reference to Locked Savings, however, they do mention on their website that "Binance Savings Products" are included. If you are referring to locked staking, this is not included towards the balance. More details here: www.google.com/amp/s/www.binance.com/en/amp/support/announcement/360031505011 Cian

[@davesmith7658]

It seems that they have stopped giving digital cards. I order the physical card but got no info about the Digital card. 😓

[@TheLearningsReport]

Hi Dave - Hmm, I'd suggest double checking that as this is the first time we've heard someone having that issue. Desktop - Go to Finance dropdown, Binance visa card, and then what do you see under 'My Card'? Mobile - Click 'wallets' at the bottom of your screen, click 'funding' tab on the top of the 'wallet' page, click the small 'card' icon (should open funding wallet), and then scroll down and you should see your black virtual card details listed there. Let us know how you get on! - Ste

[@bimspecialist1800]

Can i sent money to binance visa card from my bank card so i can deposit to binance from their visa card ?

[@TheLearningsReport]

Hey - no unfortunately you can’t lodge money to your Binance card in any other way other than via the funding section of the Binance exchange. - Ste

[@marcoolinho]

Great vid fellaz! Very practical and precise. keep up the good work! Taxable events on a friday night??? Good one!

[@TheLearningsReport]

Cheers Marco! Nothing beats an ice cold taxable event on a Friday.

[@irishkalbo3389]

Just one word Lads ! WOW

[@TheLearningsReport]

😂 Hoping that's a positive dab, Kalbo.

[@colm5527]

@@TheLearningsReport all positive lads great video keep up the good work

[@TheLearningsReport]

@@colm5527 thanks, Colm. Appreciate the support!

[@Tzoras888]

Hello, so if i buy things with the binance card im getting taxed? ...fuk this is bad

[@TheLearningsReport]

Hey! So if you use the crypto on your card to make purchases, then yes, those are most likely taxable events. Remember, if you buy something with Bitcoin using your Binance card, you need to think of it as 'Bitcoin sold for EUR (or other currency), then exchanged with the merchant to pay for the good/service).' Essentially when you make the purchase, you're 'selling' your Bitcoin, and thus, are due to pay tax on the realised gain at the point you make the purchase. - Ste

[@joaxcol]

but waht's the fee when converting from ETH to EUR? You just skipped that point which at the moment how things are going it's crucial to me

[@TheLearningsReport]

There is no fee - Thats the whole point! Pause it on the screen and you’ll at the top underneath ‘Convert & OTC Portal’ “Zero fee, No slippage, More Cross Pairs’.

[@TucanusFace]

Does not seem possible now, you can only pre-order the physical card :(

[@TheLearningsReport]

Hey Slim - where are you based? We know that in some countries the card is either 1) not yet available or 2) as you said, there's a waiting list. Sit tight, and I'm sure it'll be available soon :) - Ste

[@PixellVFX]

@@TheLearningsReport same story for me, based in England

[@TheLearningsReport]

@@PixellVFX Sorry, missed this! So what screen do you get when you go to apply for the card? Our understanding was that they were in the middle of rolling it out in the UK but perhaps regulatory issues have slowed things down. - Ste

[@putishestvuj4062]

Thank you !

[@TheLearningsReport]

No worries, glad it was helpful! - Cian

[@svastara251]

if i have mastercard debit card, can i do euro withdraw from binance?

[@TheLearningsReport]

You mean you have a card with another bank? You can withdraw but will most likely need to pay the withdrawal fee. The Binance Visa method is a way to avoid these fees. - Cian

[@svastara251]

@@TheLearningsReport I have master card. I wanna withdraw euro from my binance account. It only offers me Bank/Visa withdraw with 1% fee would it work even if i have master card?

[@TheLearningsReport]

Yeah I had similar issues with my Revolut Mastercard, and it wouldn't let me. Fortunately, I had a Revolut Visa also - and that worked fine. You could get a virtual Revolut Visa pretty quickly and try that way? - Ste

[@Zenthy2012]

Thanks for that video guys !!! You rock ! Have a question though .... is that working without fees as well while funding the card with busd !? I can then withdraw in any country using the physical card ? Thanks for your lights !!!

[@TheLearningsReport]

Hey Shanty, You rock too! :) Thanks for watching. So, yes within the app if you fund the card using the steps that we went through it is free. In terms of adding money to your Binance account, we have another video which helps with avoiding the deposit fees which you can check out here: kzbin.info/www/bejne/gaC5opWvaZKqqZo Yes, you can then use the card anywhere in the world. As we highlighted, we didn't get any fees when using Euros but Binance do talk about a fee up to 0.9% but we couldn't get clarity from Binance themselves on what specific actions trigger this fee. Best of luck with it! - Cian

[@boingboing4587]

Right guys! As you mentioned in the video, if you convert crypto into fiat, it is a taxable event, but if you convert crypto into a stable coin, is it tax free, as some ppl say?

[@TheLearningsReport]

Afraid so - in most countries, the action of swapping BTC for ETH, or BNB for USDC, or whatever trading pair you want to use an example - will count as a 'sale' for tax purposes. If you think about it, it makes sense, as theoretically, stable coins are just digital version of the underlying currency (USD for example) - so if you sell all your BTC for USDT, you may as well have sold it to fiat. If the opposite was true, it'd be a major loophole 😅 But one that would be very nice if it were true. - Ste

[@boingboing4587]

@@TheLearningsReport oh man.. so we really have to go to a tax free crypto country

[@TheLearningsReport]

@@boingboing4587 has definitely crossed my mind! If you do actually consider it, though, have a look into all the finer details. You may have to be out of your country of residence for a few years before selling and there may also be domicile rules meaning you would still get taxed. Worth talking to a tax adviser! Two things certain in life. :/ - Cian

[@boingboing4587]

@@TheLearningsReport they are going even for the last penny. Hahahaha

[@TheLearningsReport]

@@boingboing4587 The sad truth

[@paul-antoine_]

Merci beaucoup !!

[@TheLearningsReport]

Pas de souci!

[@LukaNyan]

Very informative vid! BTW, if I don't want to activate the physical card can I just use the virtual one? (I guess ordering the card is mandatory). It still expires after 3 years? At that time I have to order another physical card, which is 25 eur to continue using the virtual one? Thanks

[@TheLearningsReport]

Hey Luka, thanks! Hmm interesting question. I guess no is the answer? I don’t think you’re forced to activate but I could be wrong. Im curious though, why wouldn’t you want a physical card when you can still add the card to your phone and use it ‘virtually’ (well, Android only currently but you can just link the Binance Card to revolut as an alternative) The 25 fee is for a replacement (my understanding was that was for loss as opposed to an expired card), but a good question again, does that count when the card expires 🤔 my guess would be no, and if you see the card through until expiration they should send another free one, but ill need to double check.

[@LukaNyan]

@@TheLearningsReport I basically never buy from physical stores. But if i need paper money, i just prefer to withdraw from an ATM. I read if you lose the card you have to call the support, and block your account etc (kind of an hassle). Maybe I'm paranoid. haha Also the card expires in just 3 years unlike most of the others that are 5. Anwyay if you find it out lemme know. Big thanks for your answer and wish you a happy new year 😊

[@TheLearningsReport]

@@LukaNyan you would need the physical card to withdraw from an ATM, right? Happy New Year to you too! - Cian

[@pamela-kurt]

I tried to order it but it is not available in UK :(

[@TheLearningsReport]

Sorry for the late response, Pamela - big summer off! Yes sadly UK and their brexit decisions have led to some annoyances when it comes to finance etc. :/ Maybe things will change as Binance continues to expand its ops!

[@thewargod129]

It says the country where the card is coming from is not supported or something

[@TheLearningsReport]

Hi WarGod, Which country are you based in? Curious to understand a bit more. - Cian

[@thewargod129]

@@TheLearningsReport macedonia, i don't think you can help tho my money are stuck in there 🙃

[@TheLearningsReport]

@@thewargod129 ah, right. It does mention on the Binance website that it is only available in certain countries. "Binance card is available only to users from selected countries, including: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden" academy.binance.com/en/articles/what-are-crypto-cards-and-how-do-they-work Hopefully they add Macedonia soon for you. - Cian

[@thewargod129]

@@TheLearningsReport yeah i red that

[@thewargod129]

Unfortunate

[@TheFerdi13]

Hello! Anyone knows if this withdrawal process with binance debit card also works with transferwise instead of revolut? Cheers!

[@TheLearningsReport]

Hey Ferdinand, We haven't tried it with Transferwise but would be curious to know if it works. Let us know what you find out! - Cian

[@hv6360]

Transferwise is banning all activities involving crypto...

[@TheLearningsReport]

@@hv6360 Do you have a link to a reference for that news? Curious to read into it a bit more.

[@hv6360]

@@TheLearningsReport It's because I tried to send fund from Wise to Binance, and they didn't allow me to do that....

[@TheLearningsReport]

@@hv6360 Hmm ok so we'll need to check if thats specific to your situation or whether it's a general thing with WISE. I was unable to use WISE to send USD to Binance, but not because it was crypto related - it was because Wise doesn't allow SWIFT payments in USD to bank accounts loacted in the US or US territories. However, you may still be able to use WISE to send funds to Binance, just perhaps not USD using SWIFT. - Ste

[@reardeltsbrah]

Unreal videos ! I was wondering if yee knew in relation to taxible events would "trading" euro for btc ( eur-btc pair)on coinbase pro be the same as just "buy" crypto with fiat on regular coinbase. Are they both not taxable events? Or would "trading" on coinbase pro different? Cheers for any help

[@TheLearningsReport]

Nice one Eoin - appreciate it. So if you're simply referring to 'purchasing' BTC using the EUR, then no, they wouldn't be taxable events because you're only taxed when you sell. So if you buy with your bank card directly, or deposit eur to your exchange and spend it later, it's still pretty much the same thing (i.e. you're just holding EUR and waiting to spend it). However, if the EUR you have on the exchange came from a SALE of another asset (e.g. you sell ETH to EUR, and then go and spend that EUR on BTC) then of course that first transaction (selling ETH to EUR) is a taxable event, taxed at 33%. But your secondary purchase of BTC wouldn't be taxed until you then decided to sell that also. Probably not the best example but hope that helps? - Ste

[@GMH9765]

Can one still move funds from Binance card to Revolut, or not anymore? And if i can, HOW?

[@LuisC7]

Isn't working doe me anymore too

[@danielchima9376]

Please can i transfer money from to my bank account?

[@TheLearningsReport]

Hi Daniel - are you using Revolut? In the video you can see that we suggest linking your Binance card to Revolut, adding funds into Revolut, and then from Revolut you can then withdraw directly to your bank. It's not the smoothest method, but it gets around the withdrawal fee! - Ste

[@danielchima9376]

@@TheLearningsReport No i don't have revolut card

[@danielchima9376]

@@TheLearningsReport i wanted to withdraw money from binance account it was not possible here in Italy please help me how can i get the revolut card?

[@TheLearningsReport]

You can order a Revolut card using this link - and then follow the steps we include in the video :) revolut.com/referral/stephed52!FEB1-22-AR

[@CryptoCraic]

Saw something lately that you have to click though before being able to do anything on binance - something about sharing data with 'Biffinity UAB' ...might be worthy of another video. seems like an extra level of verification they have added of late. have you guys spotted that? & wondering any thoughts on it. like who are they? just curious. i did all the kyc before , to do anymore seems excessive at this point. wow great videos.

[@TheLearningsReport]

Hey Mr. Nokodemion, Biffinty UAB is an entity of Binance, as per their website: "Bifinity UAB is registered with the Registry of Legal Entities of the Republic of Lithuania and local FIU as a crypto wallet service provider, which allows it to provide custody and trading services for virtual assets." As with all these terms and conditions, we recommend reading through and making sure you're happy to accept them. You'll most likely be fine, though. - Cian

[@decodedseries6993]

Binance Visa Card not available in Italy?

[@TheLearningsReport]

Hi Decoded, It should be available in Italy, it's listed on their website : academy.binance.com/en/articles/what-are-crypto-cards-and-how-do-they-work Are you coming across any issues when signing up? - Cian

[@karansawant7986]

Hey guys, Just wanted to know if you can use your Binance Card to Transfer funds to your Bank account for eg: AIB or even Revolut?

[@TheLearningsReport]

Hey Karan - yep, I was able to link my Binance card to my Revolut account and add funds directly from the card to my balance! You could then use Revolut normally, or move the funds from Revolut back into your AIB account. - Ste

[@karansawant7986]

@@TheLearningsReport That's great. Thankyou so much. Also, it's so good to have a dedicated finance/crypto related Irish Channel . Keep up the good work :)

[@TheLearningsReport]

@@karansawant7986 thanks for the kind words and for watching - see you in the next one 👉 - Cian

[@bhimbahadursherchan3211]

My binance visa card already suspended because of I inter wrong pin number so how can I solve this problem to reactivate my binance visa card.

[@TheLearningsReport]

Hey Bhim, You will need to unfreeze your card and you can do this by logging on to your Binance account - full instructions below. www.binance.com/en/support/faq/73e321ec73bc49b89b6dc0832789a7f1 - Cian

[@freedompeace6824]

Hello, a question i have order the binance visacard and i have activated it now i saw my withdrawal limit my question can i change the daily Limit by myself bcs its too low ?

[@TheLearningsReport]

Sorry for the late response - big summer off! Unfortunately not, not at the moment. For cash withdrawals, the limits are set to €290 - but of course you can spend a lot more than that if you use the card directly!

[@freedompeace6824]

@@TheLearningsReport ok thank you for your answer 🌸

[@blackcamcorder9902]

Nice video

[@TheLearningsReport]

Thanks, Black Camcorder, glad you liked it! - Cian

[@blackcamcorder9902]

@@TheLearningsReport I'm from Roscommon Ireland

[@TheLearningsReport]

@@blackcamcorder9902 Good stuff, great to have you watching the vids.

[@LaserGunNun]

Hello again gents, I have a quick question if you don't mind. You talked about taxable events (I'm also a tax resident of Ireland), do these only occur once you trade back into a fiat currency? For example, if I was to trade from crypto into BUSD or any other inter-crypto trade for that matter, would these events be considered taxable? Thank you again :D

[@TheLearningsReport]

Hey Kev, Good question - unfortunately, if you make a trade into any other crypto it counts as a taxable event. And it is still a taxable event even if you leave the crypto/funds on the broker. You would only owe tax if you made a gain on the crypto. We have videos on crypto investing, and how they are taxed, which you can check out if you are interested: - kzbin.info/www/bejne/i6vKg5qjqaykb8k - kzbin.info/www/bejne/l5mbl3pol5Voibs - kzbin.info/www/bejne/fouUhKeniMt4l6c Always here if you have any other questions! - Cian

[@LaserGunNun]

@@TheLearningsReport Epic Cian, thank you again. I'll take a look at those videos.

[@TheLearningsReport]

@@LaserGunNun nice one, Kev. Any questions on those ones, drop us a comment there. 👉 - Cian

[@heachi5000]

Great video..👍 Every thing clerified except Money Withdrawal in Atm Machine.. Does we Withdrawal Euro in German Bank..?? And what is Withdrawal Fee..???

[@TheLearningsReport]

Cheers Bruce. So the Ts&Cs says 'Up to a 0.9% transaction fee for transactions and ATM withdrawals' but when we tried with Euro, we couldn't see any fee on our side. Best bet is to simply do a test transaction in Euro, give it a day or two, and then check your transaction history to see if any fee was applied. My guess would be it should be fine if using euro!

[@heachi5000]

@@TheLearningsReport Thanx and love You..❤️

[@epicswell]

Hey great overview gents, thanks for making this. Quick one - if I were to place EUR directly in my funding wallet via SEPA - > Binance, and in turn get the BNB reward, am I right in thinking this would not be a taxable event? Trying to avoid taxable events where possible. Thanks in advance. ps have you considered a future vid on the recent EU decision to curtail use of custodial wallets (self-ownership of crypto)? crazy draconian decision I think. Cheers again.

[@TheLearningsReport]

No bother, glad you found it useful! Yeah correct, that would be our understanding also. Similarly to how fiat credit cards do cash back, those rewards aren't taxable (as it's basically viewed as discount). This, as far as we're aware, is would be the same as when you receive your BNB. The difference of course is that if you then go and sell some of that BNB or swap it to EUR, etc. then that will be a taxable event and your cost basis would be the value of BNB cash back when you received it. Will need to look into that EU decision as wasn't familiar with it! Thanks for putting it on our radar. - Ste

[@vechainben1992]

Hi Guys, just a quick question which I think you might have the answer for me a few months ago my binance got compromised and lost a total of 14k from my Binance which was transferred to a wallet in Egypt. What was does revenue view this as they hardly want me to pay tax on money which has been stolen and confirmation and track record from Binance ? Thanks Ben

[@TheLearningsReport]

Hi Ben - Sorry to hear that. If you can prove that your funds were lost as a result of criminal activities (e.g. a hack) then perhaps Revenue will be flexible. However, Binance usually use their SAFU fund to cover any hacks that occur through their platform, so I'm unsure how the $14k would simply have been ignored? I'd check with Binance on that one. If the funds were hacked outside of their platform, or due to your own human error, then I don't know how revenue would deal with that - likely you'd still be liable for it. - Ste

[@classicok8825]

I absolutely must follow ya. Hope to see your judgment on the Quarashi next time. ur thoughts is the only thing I'm waiting for to buy some $QUA.

[@TheLearningsReport]

Great to have you on board. We don't usually do individual token reviews, but always interested to to hear what people are looking into! What's the pitch and why do you like it? - Ste

[@iplaybose]

hey guys does this still work ? is it still worth it ? when I go to withdraw USD(swift) it says at the bottom 15USD fee

[@TheLearningsReport]

Still working for us! No harm in going through the process, the card is free and could save you a lot of money in the longer term. Let us know how you get on and if you have any questions. - Cian

[@TheLearningsReport]

If you withdraw using the 'regular' withdrawal method, Binance will charge you the fee. But the reason we suggest using the card as the method, is because it helps you avoid that fee!

[@mcmerry2846]

Why my binance card is Master Card?

[@God-T]

bnb can lower my fee

[@TheLearningsReport]

Statement or question?! 😅

[@kinanalqasem9744]

Great video lads, I am wondering about transfer money from binance card to Revolut card so my question is , is there any problem if I transfer €20k monthly from binance card to Revolut card and get cash withdraw with no problems ?? I mean can I withdraw €20k monthly from Revolut Card with no problem or I have to pay tax for this money

[@HOLDONFORDEARLIFE]

Mate is this working here in england? I am currently holding £12k and I have no idea how to transfer to a bank without any problems. I am nervous that hsbc might hold my money from binance

[@TheLearningsReport]

Heya - it should work fine! However, their support only mentioned that euro was how you could avoid the transaction fees when using the card. So just be aware that you MAY have to pay that small fee when using it, but, I don't see any reason why you can't use the card to simply withdraw the funds (which seems to be your main question). By using the Binance card, you won't need to involve HSBC at all. Hope that helps. - Ste

[@HOLDONFORDEARLIFE]

@@TheLearningsReport you guys are awesome!!!

[@hv6360]

@@HOLDONFORDEARLIFE How can you get the card in the UK?

[@TheLearningsReport]

@@hv6360 looks like when the Binance Card was launched you were able to order it, however, I don't see it listed on the list of countries it's available in now: www.google.com/amp/s/academy.binance.com/en/articles/what-are-crypto-cards-and-how-do-they-work.amp Are you having issues ordering? Is there a "pre-order" option for you or something? - Cian

[@hv6360]

@@TheLearningsReport Yes there is a pre-order option which is useless. Just wonder how someone in the UK can get it...

[@TheGroszber]

Hello, thank you for the great video, I would like to ask, if this method is also applicable to transfer your funds to Revolute, and omitting the fees! Cheers!

[@TheLearningsReport]

Hey László, Glad you liked the video! Ste added the Binance Visa Card to his Revolut and topped up his Revolut account by €15 with Euro and he didn't get charged any fees. You can watch how he did it in the video. 👍 - Cian

[@malan2099]

Wer is the pin code??

[@TheLearningsReport]

What pin code are you referring to here? Please share the timestamp you're referring to. - Cian

[@TheLearningsReport]

Ah you mean the pin code for your card. So you go the 'card' in the Binance app, scroll down to manage my card, and then click view pin 👍

[@LuisC7]

It's not working anymore I think. I was caught by surprise

[@clau_diuz]

thanks thanks

[@TheLearningsReport]

No worries!

[@Matt-bg5wg]

this is such a helpful channel thanks so much for your efforts gents.

[@TheLearningsReport]

Glad you find it helpful, Matt! Thanks for watching and appreciate the kind words - let us know what you want to see next. - Cian

[@RIOALBUMOFFICIAL]

It work in india

[@TheLearningsReport]

Hey, are you asking or stating? :)

[@RIOALBUMOFFICIAL]

@@TheLearningsReport asking

[@TheLearningsReport]

@@RIOALBUMOFFICIAL looks like the card isn't available in India right now: www.binance.com/en/support/faq/ed89f6797ae943ad87841e58591eb229 Hopefully this changes soon! - Cian

[@RIOALBUMOFFICIAL]

@@TheLearningsReport ok thank you learning report ❤️and one doubt indian credit or debit card accept in bianace is legal or illegal

[@TheLearningsReport]

@@RIOALBUMOFFICIAL I'm not sure, but this article might help you! www.binance.com/en-IN/blog/p2p/how-do-i-buy-bitcoin-in-inr-on-binance-421499824684902494

[@danielchima9376]

Please i am waiting for your reply thanks

[@TheLearningsReport]

Hey Daniel, we responded on your other comment there. 👍

[@PanagiotisTsakirakis]

💯💯💯

[@TheLearningsReport]

Thanks for watching, P!

[@irinavasilica5871]

👌👌👌

[@johnmadigan5400]

Hi Lads, Thanks for yer content, I'm day trading with trading 212, I made a trade a week ago GBP/USD, while the market was dropping, and the market kept dropping below my trade( in the red) . But then the market turned up throught my trade again as I was hoping. But as the market is rising , my trade stays in the Red and it should be green !!!!! do ye know where I'm going wrong!!!! do I need to changes my settings ?? I would really appreciate yer view on this!!!!... Thanks John