custodial
Coverage of custodial in the Nexus archive.
- the sell-withdraw-wait cycle is killing me so i finally gave up and did this
The author expresses frustration with the cumbersome process of converting stablecoins like USDC and USDT to fiat for daily expenses, leading them to adopt BitMart's exchange-linked card for convenience. While the card simplifies spending by directly using stablecoin balances, it comes with trade-offs such as a 1.3% fee, custodial risks, and KYC requirements.
- first time crypto spending felt like normal spending: when the virtual card hit google pay
A user described how adding a crypto-linked virtual card to Google Pay made spending cryptocurrency feel seamless and mainstream for the first time, eliminating the need for complex processes. The BitMart virtual card enabled a frictionless Spotify renewal, highlighting that crypto adoption will succeed when it stops feeling like a distinct 'crypto' activity.