Topic: advantage of bitcoin debit card? - page 7. (Read 7163 times)
The main advantage is that most allow you to withdraw from ATMs in a need be situation, not something I am that interested in though.
i would spend bitcoins rather that normal coins if there is abitcoin debit card witch has contacless touch and goal
i would also see that things will be cheaper if you buy with bitcoins
i would also see that things will be cheaper if you buy with bitcoins
I can't really understand the logic behind things being cheaper when bought with bitcoin.
I really want you to give some examples on it to make me or us understand that how things can be cheaper if we buy them with bitcoins.
i would spend bitcoins rather that normal coins if there is abitcoin debit card witch has contacless touch and goal
i would also see that things will be cheaper if you buy with bitcoins
i would also see that things will be cheaper if you buy with bitcoins
Advantage is being able to spend your bitcoins where they're not yet accepted, disadvantage is, you're trusting a company of which you know nothing about with your money.
This is not exactly true. A better way to say it is:
Advantage is being able to spend your bitcoins where they're not yet accepted, disadvantage is, you're trusting a company of which you know nothing about with your spending money.
If you have 1000 bitcoins, keep 998 on a paper wallet. Then put 2BTC into a debit card. From time to time when you'd like to spend some BTC pull out the debit card and spend your BTC at 100 million convenient merchants everywhere in the world.
Bitcoin debit cards are awesome. Get one today. I'd use Coinbase(safety) / Shift (convenient). Go here and sign up now. https://www.shiftpayments.com/
When BTC price goes on a big up swing, I use my card to spend off a few. Then when I see price going down, I buy them back cheaper. A Bitcoin debit card lets you have very high liquidity necessary for good 'day' trading. Basically, my bitcoin profits buy me and my girl dinner and drinks about two or three times a month. Nice.
Haven't thought of using it that way, I have one for Uber, the thing is Uber rejected it. So I have a few dollars hangin on that card.
Doesn't exchanges have higher rates? I mean the margin in trading in cards is pretty stiff compared with using an exchange.
Advantage is being able to spend your bitcoins where they're not yet accepted, disadvantage is, you're trusting a company of which you know nothing about with your money.
This is not exactly true. A better way to say it is:
Advantage is being able to spend your bitcoins where they're not yet accepted, disadvantage is, you're trusting a company of which you know nothing about with your spending money.
If you have 1000 bitcoins, keep 998 on a paper wallet. Then put 2BTC into a debit card. From time to time when you'd like to spend some BTC pull out the debit card and spend your BTC at 100 million convenient merchants everywhere in the world.
Bitcoin debit cards are awesome. Get one today. I'd use Coinbase(safety) / Shift (convenient). Go here and sign up now. https://www.shiftpayments.com/
When BTC price goes on a big up swing, I use my card to spend off a few. Then when I see price going down, I buy them back cheaper. A Bitcoin debit card lets you have very high liquidity necessary for good 'day' trading. Basically, my bitcoin profits buy me and my girl dinner and drinks about two or three times a month. Nice.
Haven't thought of using it that way, I have one for Uber, the thing is Uber rejected it. So I have a few dollars hangin on that card.
Doesn't exchanges have higher rates? I mean the margin in trading in cards is pretty stiff compared with using an exchange.
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Actually it's cheaper to withdraw your Bitcoins into your bank account and then withdraw cash from your bank's ATM than withdrawing cash via a Bitcoin debit card.
I bought a card with e-coin. And i really hate that i did that. Their fee is enormous. Not the transaction fee but the amount of bitcoin you cash.
If the price is 407. You will be able to spend it with a 15 USD cutback. Making your bitcoins worth only 392
Bitcoin debit cards are especially usefull if you have a large amount of coins to spend and need to use services that don't accept Bitcoin.
Not worth it if you do not have that many coins, since the fees are pretty steep in general.
Not worth it if you do not have that many coins, since the fees are pretty steep in general.
How many times do we have to tell you, the fucking fees are zero! Is ZERO too much for you?
@RawDog: No need to be a complete asshole.. Like tommorisonwebdesign said, there are other cards, actually most cards have various fees, cards with ZERO fees are the exception.
Plus I went to their website and checked out their fees (BitX), and there are still some fees. OP did not state if he was talking about a virtual card or a physical card, there are always going to be fees when you order a physical card.
All I said was that it's pretty stupid to have a debit card if you only have like half a Bitcoin to spend, every few dollars in fees are going to add up.
Second - then choose the fucking card with ZERO fees!!! If you don't like the cards with fees, it seems a pretty clever solution to take the one that doesn't have fees. You don't have to be a crypto-guru to understand how that works.
THe advantage of a bitcoin debit card is that you pay less fees that if it was a credit card.
Besides with thes types of cards you can use your bitcoin anywhere and funding is pretty fast and very easy
Besides with thes types of cards you can use your bitcoin anywhere and funding is pretty fast and very easy
I own a bitcoin debit card myself and for me it has been quite useful as I can easily spend my bitcoins in stores that I purchase from regularly. Yes, bitcoin debit card is a good way to spend your bitcoins everywhere you wish.
If you are a Visa Card Holder, it works the same was as your normal debit card minus the fees and there are some debit cards that do not even ask for any verification. I believe these bitcoin debit cards will help bitcoin system to scale new heights for sure. 
so seen some companys that offers bitcoins debit card what is the advantage of having them?
anyone using them what is the transactions fees am courius
The only advantage is to be able to use bitcoin without exchanging it on any exchanger, so less work and easy to exchange bitcoin to fiat.anyone using them what is the transactions fees am courius
Well with some cards you need to exchange the coins on the website first then you can use it.
There lies the problem because with some cards you get almost 5% less of the actual value of bitcoin. With can be called stealing.
so seen some companys that offers bitcoins debit card what is the advantage of having them?
anyone using them what is the transactions fees am courius
The only advantage is to be able to use bitcoin without exchanging it on any exchanger, so less work and easy to exchange bitcoin to fiat. anyone using them what is the transactions fees am courius
It is good to have a bitcoin debit card. This debit card has got good use in exchanging of our bitcoins to physical money.
I heard that these debit cards can be used in certain exchanges. Specific cards are there with limited usage.
I heard that these debit cards can be used in certain exchanges. Specific cards are there with limited usage.
I think debit card will help to save your money when you go to exchange the bitcoin to your country fiat. You can save the forex and exchange rate by that.
It is good to have a bitcoin debit card. This debit card has got good use in exchanging of our bitcoins to physical money.
I heard that these debit cards can be used in certain exchanges. Specific cards are there with limited usage.
I heard that these debit cards can be used in certain exchanges. Specific cards are there with limited usage.
Bitcoin Debit Card could be used for buying things on ebay or other e-shop that isn't accepting Bitcoin now.
It will make your life easier rather than paying other people to buy it for you.
Or it could be used in a shops that have a debit card reader but doesn't accept bitcoin.
It will make your life easier rather than paying other people to buy it for you.
Or it could be used in a shops that have a debit card reader but doesn't accept bitcoin.
Actually it's cheaper to withdraw your Bitcoins into your bank account and then withdraw cash from your bank's ATM than withdrawing cash via a Bitcoin debit card.
I bought a card with e-coin. And i really hate that i did that. Their fee is enormous. Not the transaction fee but the amount of bitcoin you cash.
If the price is 407. You will be able to spend it with a 15 USD cutback. Making your bitcoins worth only 392
Actually it's cheaper to withdraw your Bitcoins into your bank account and then withdraw cash from your bank's ATM than withdrawing cash via a Bitcoin debit card.
I own a bitcoin debit card myself and for me it has been quite useful as I can easily spend my bitcoins in stores that I purchase from regularly. Yes, bitcoin debit card is a good way to spend your bitcoins everywhere you wish.
I am afraid that bitcoin debit/credit cards are just distraction. Bitcoin was created to be peer to peer currency and we want to use bitcoin the way we use standard fiat.I think it is a dead end and only slow real BTC adoption. Not to mention that we have to pay additional fees for using this cards.
I agree with you.
Right now, if you have BTC funds in the wallet, you can only use it online, for buying digital products or services.
In many countries there are not much BTC ATM as well, so if you need real cash in your hand, in order to pay for something offline (if merchants don't accept bitcoin) you have to cash out your bitcoin and usually pay high fees.
Bitcoin debit card will do everything easier and simpler (to pay services and products offline).
I own a bitcoin debit card myself and for me it has been quite useful as I can easily spend my bitcoins in stores that I purchase from regularly. Yes, bitcoin debit card is a good way to spend your bitcoins everywhere you wish.
I am afraid that bitcoin debit/credit cards are just distraction. Bitcoin was created to be peer to peer currency and we want to use bitcoin the way we use standard fiat.I think it is a dead end and only slow real BTC adoption. Not to mention that we have to pay additional fees for using this cards.
I own a bitcoin debit card myself and for me it has been quite useful as I can easily spend my bitcoins in stores that I purchase from regularly. Yes, bitcoin debit card is a good way to spend your bitcoins everywhere you wish.
I am afraid that bitcoin debit/credit cards are just distraction. Bitcoin was created to be peer to peer currency and we want to use bitcoin the way we use standard fiat.I think it is a dead end and only slow real BTC adoption. Not to mention that we have to pay additional fees for using this cards.
I own a bitcoin debit card myself and for me it has been quite useful as I can easily spend my bitcoins in stores that I purchase from regularly. Yes, bitcoin debit card is a good way to spend your bitcoins everywhere you wish.
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