Save time selling crypto for Thai baht. Let's make better use of crypto. Today, we'll review the EtherFi Cash Card, another option for those who want to use crypto. 1/ Normally, when we want to use crypto for real-life spending, there are always the same steps: open an exchange → wait for a good price → sell → wait for the transfer to our account → then pay. And every time we do that, there are hidden costs, such as transfer fees and withdrawal fees. And if the price goes up after we sell, we regret it later. Using this card reduces the steps and risks mentioned above. 2/ But what is the EtherFi Cash Card? EtherFi was originally a staking protocol (locking ETH to receive interest from the Ethereum network) with over $5 billion in the system, making it one of the largest DeFi protocols in the world. But what's even more interesting is that they've expanded it into the EtherFi Cash Card, a VISA card that lets you directly use your ETH or USDC to buy things without having to sell them first. 3/ The amazing thing is that we have people using it for 6 months and they've told us how it is. First, you don't have to wait for a physical card. It's ready to use on the day you register. After completing KYC, request a virtual card and link it to Apple Pay or Google Pay. Tap to pay instantly at over 100 million locations worldwide. If you want a physical metal card, place a $40 deposit and wait 15 business days (the deposit will be refunded later). 4/ There are two payment methods to choose from, depending on your convenience: Method 1 — Direct Pay (recommended for those who want simplicity). The system deducts USDC (a stablecoin pegged to the dollar at a 1:1 ratio) directly from your wallet immediately after swiping. It's as easy as a regular debit card with no additional risk. Suitable for anyone who just wants to use crypto to buy things in their daily lives. Method 2 — Borrow Mode (for those familiar with DeFi). Deposit ETH as collateral. The system borrows USDC to pay instead, while the ETH remains in the vault and continues to earn interest. A key advantage is that it's a "borrowing," not a "sale," so there's no taxable event, meaning there's no need to calculate taxes on profits from selling crypto. However, if the ETH price plummets to the point where collateral is insufficient, it may be subject to liquidation, which is the system that automatically forces the sale of collateral assets. 5/ Actual costs compared to traditional cash-out methods: Traditional cash-out method: Thai exchange spread ~0.5-1%, withdrawal fee ~0.25%, waiting for funds to be transferred to the account, paying only after receiving Thai baht. EtherFi Cash Card method: FX fee (currency conversion fee) ~1%, instant 3% cashback. Net profit = +2% profit back every time you swipe. For example, our team calculated this in real-world terms by swiping at Makro for approximately 1,399 baht, receiving $2.20 cashback, saving around 55 baht compared to selling through an exchange and paying with Thai baht. 6/ This is the trump card: special cashback promotions are constantly being offered. In addition to the base 3% cashback, there are special campaigns that have offered up to 20% during specified periods. And there's a year-end campaign offering 10% off, but these promotions come and go quickly, so you have to keep an eye on EtherFi's Discord or social media. 7/ Considerations before using this as your primary card: While this card works well with Lazada, Makro, most Visa-accepting stores, and mobile contactless payments, it still struggles with Shopee, Steam, and some other online platforms. ATM withdrawals are possible, but the fees are higher than regular purchases (ATM ~2% vs. regular purchases ~1% FX). If you really need Thai baht, selling crypto through an exchange is still more worthwhile. Customer support isn't as good as bank cards. In case of refunds, the issue is usually sent to the merchant directly; there's no chargeback system like with regular credit cards. This is a review after 6 months of using the card. Has anyone used this card before? Comment and share your experience! #EtherFiCash #EtherFi #Crypto #BitcoinAddictThailand