Hello hive community, ydaiz greets you and I wanted to tell you that I got the binance card, 2 months ago I made a post about the lemon card, I would like to make a comparison between both.
Here's the lemon card post in case you haven't seen it yet:
| What do I think about the LEMON CASH card? | |
|---|---|
As I will detail below, both binance and lemon have a cashback, a refund of money to the expenditure that is given as a % of the total, lemon only counts with the final 2%, whether or not you have cryptocurrencies holdeadas. But binance played a bit more with an 8% cashback, but it is not that simple, for the big investors it may be beneficial, but now we will discuss my way of seeing it...
Cashback on each level according to each card:
With binance the % cashback increases up to level 7 if you have that amount of BNB in your account for 1 month and while using it.
For best information it is always crucial to go to the official source, in this case: https://www.binance.com/es/cards/.
But in the case of LEMON it is always 2%.
https://www.lemon.me/
The bnb currently has a value of approximately 275 dollars, this varies depending on when you see it. so it will be a good option to have a return on your consumption of 8% but, having the BNB in your binance for a long time without using it but as a saving of (bnb value 275 times the 600 bnb needed for level 7) = 165000 dollars literally standing still.
So would I put the focus of the discussion here, either my economy is too humble to see the great opportunities that binance offers us, or we could legitimately do much better things in the investment sense with that amount of dollars sitting in our fund account?
So would I put the focus of the discussion here, either my economy is too humble to see the great opportunities that binance offers us, or we could legitimately do much better things in the investment sense with that amount of dollars sitting in our fund account?
But it is not my intention to say that lemon or binance card is better or worse one than the other, everyone will be free to choose the option that best suits them, but in my economy binance card is far from being able to take advantage of it.
I am happy to have it, yesterday I got it and I wanted to show it to you, here are some pictures I have taken:
Next a very important point, the cashback limit for binance:
Level / Monthly refund limit (BUSD)
1)5
2)100
3)150
4)200
5)275
6)350
7)500
Source: https://www.binance.com/es-LA/support/faq/aa1ce3116e384868a6f042d13f256a91
Next a very important point, the cashback limit for Lemon:
The monthly withdrawal limit is the equivalent of ARS$8000 in Bitcoin per
calendar month. This means that on the 1st of each month this quota is renewed to continue earning crypto with all your purchases with your Lemon Card.
Source: https://help.lemon.me/es/articles/5679937-que-es-el-cashback
Now I would like you to tell me what you think about Binance card, if you use it or if you prefer to do other things with that money.
That's all for me, thanks in advance for the support, and it's always good to learn.
📢LET'S GET ON WITH THE CRYPTO REVOLUTION
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Thanks for reading, huge hug from ydaiz⭐
