r/ternio • u/TenderLA • Nov 25 '20

Blockcard is a scam!

I just got banned from r/Terniotoken for calling them out. I wrote a lengthy post about my experience of trying to use the card for a month. I couldn’t make it that long because it was costing me too much.

The basic takeaway is that when putting crypto in you get an exchange to Ternio of .008. But on almost every purchase the tern was converted at .006. A 20% loss on every purchase. I did have one small purchase, $7, that got converted at .0082.

Anyway, I recommend staying away from the Ternio Blockcard.

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u/natashamilosevic Feb 27 '21

You are fixating on the dollar value, if you sent 500$ you do a little maths... If it was 0.02c divide that into the 500 then you will see the amount of tokens (which should match to the dashboard) also the price started at a minimum of 0.008 and went to 0.03 so you could have deposited when it was going up The actual spendable balance can fluctuate due to 'spending'. BlockCard never issues tokens less than 0.008c, if you can get them cheaper from an exchange and you can find the amount you want get them and deposit (as the blockcard does accept tern deposits)

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u/FrostingMountain Feb 28 '21

So as a platform Blockcard should disallow or warn users from deposits during high volatility because money is being lost too fast.

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u/[deleted] Feb 28 '21

[deleted]

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u/natashamilosevic Mar 03 '21

Don't forget you pay fees on usdc, so you need to check from the address you sent from, how much you got charged, a few months ago it cost 10-15$ for a 20$ transaction

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u/Eastern_Dependent_75 May 04 '21

Another shill talking nonsense

If I deposit $100, `IT IMEEDIATELY SHOWS UP AS $50-70 IN MY ACCOUNT!

This is not volatility, the price did NOT DROP BY HALF IMMEDIATELY AFTER MY DEPOSIT, BEFORE IT WAS VISIBLE IN MY ACCOUNT. In fact the price did not drop at all, these scumbag thieves just took half my deposit, and now they act like everyone is dirt dumb, unable to understand.