How one Bold customer got 2.5% sats-back on a car he bought with bitcoin
At Bold it's our mission to make it easy for you to live your life on a bitcoin standard. We highlight one Bold customer who experienced firsthand what that means.
At Bold it's our mission to make it easy for you to live your life on a bitcoin standard.
This week a Bold customer, Mike*, got to experience firsthand what that means.
In his words:
"lol! This is fantastic! What a moment!!! I just bought a car with Bitcoin with no waiting except on the humans at the store to be ready!"
Mike has accumulated a stack of bitcoin, and wanted to buy a pre-owned Volvo. He planned to sell some of his bitcoin to fund the purchase of the car. The Bold platform made it easy. He took the following steps:
- Bought over $1,000 of bitcoin with Bold.
- This unlocked the Tier 4 rewards level on his Bold virtual Visa debit card, so he earns 2.5% sats back on card spending in every category.
- Sent some additional bitcoin into his Bold Wallet on-chain.
- The same day, sold the bitcoin.
- This provided him with over $5,900 of cash in his Bold Checking Account.**
- Hours later, bought the car for $5,900 using his Bold virtual Visa debit card.
- Earned $147.50 (2.5%) worth of sats back on the purchase.
Bold gave Mike instant access to the purchasing power of his bitcoin. He didn't need to deal with any limits on withdrawals, or send cash to an outside bank to be able to spend the proceeds from the sale of his bitcoin. No wires, no ACHs, no waiting.
Earning 2.5% sats back on the $5,900 car purchase was icing on the cake.
Our founder Zack provided white glove support. The email thread below is shared with Mike's permission.
Give Bold a try today, and experience for yourself why Mike calls it "...the best setup in Bitcoin!"
Bold is the banking platform for bitcoiners. Earn up to 10% bitcoin-back with the Bold virtual Visa debit card. Get the industry's lowest fees on bitcoin buys and sells. Store and move dollars with the Bold checking account*. Get $25 of free bitcoin when you buy $100 of BTC or more. Pay zero fees on your first $10,000 of buys.
*Mike is a fictional name to protect the customer's privacy.
**Bold is a financial technology company, not a bank. Banking services are provided through JPMorgan Chase Bank, N.A., and Pathward, N.A.; Members FDIC.