Digital & Crypto

Earn Bitcoin rewards or spend with crypto-backed credit lines.

Frequently Asked Questions

What is a crypto credit card?

A crypto credit card is either a card that pays rewards in cryptocurrency instead of points or miles, or a card backed by crypto collateral (like Nexo). Some cards convert cashback to BTC automatically. Others let you spend crypto directly at traditional merchants.

Are crypto credit card rewards taxable?

In most jurisdictions, crypto rewards from credit card spending are treated as taxable income at the fair market value when received — similar to cashback. When you later sell the crypto, any gain is subject to capital gains tax. Tax treatment varies by country — consult a local tax adviser.

Can I lose money with a crypto-backed credit card?

Yes. If you use crypto as collateral (like with Nexo) and the value of your collateral drops significantly, you may face a margin call — forced repayment or collateral liquidation. Only use this structure with crypto holdings you are comfortable locking up as collateral.

What is Zonky UK?

Zonky UK is a peer-to-peer lending platform that connects borrowers seeking competitive loan rates with investors looking for returns above traditional savings accounts.

What returns can I expect from Zonky UK?

Historical returns on Zonky UK have varied depending on the risk tier selected. Higher-risk loans offer higher potential returns but with increased default risk. Always review the platform's risk disclosures before investing.

Is my money protected on Zonky UK?

P2P lending is not covered by the FSCS deposit guarantee. Your capital is at risk. Zonky UK is authorised and regulated by the FCA, which provides regulatory oversight but not deposit protection.

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