Is a bitcoin debit card just like a wallet? Is it easy to send a payment online just like I normally do with any other wallet?
Bitcoin debit card is nothing but same as your ATM card or bank issued debit or credit card. The funding source alone different. To a bitcoin debit card, you can top up it with your bitcoins. 
Topic: advantage of bitcoin debit card? - page 9. (Read 7163 times)
Is a bitcoin debit card just like a wallet? Is it easy to send a payment online just like I normally do with any other wallet?
Bitcoin debit card is very good idea and it will push bitcoin further to become a mainstream currency. But the world first needs to be educated about bitcoin. A majority of the world population don't know what it is and what its use.
But bitcoin debit card is a very welcoming change. Only I wish the fees are lower though.
But bitcoin debit card is a very welcoming change. Only I wish the fees are lower though.
I personally don't think so because those Debit cards (same goes with exchanges) defeats the whole purpose of using Bitcoin on the first place , I mean aren't we using because it's anonymous,low fees,decentralized ? where is all that when you use Debit cards ?
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?
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?
Advantage:
We can use our bitcoin everywhere around the world just like fiat. We can use our bitcoin debit card on where ever Visa / master cards are accepted.
Fees:
Fees vary among different card providers. But when you're considering with the potential of this facility, fees are negligible.
We can use our bitcoin everywhere around the world just like fiat. We can use our bitcoin debit card on where ever Visa / master cards are accepted.
Fees:
Fees vary among different card providers. But when you're considering with the potential of this facility, fees are negligible.
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.
So the advantage is, Debit cards allow you to spend Bitcoin in shops where Bitcoin is not accepted.... What they not telling you is... They can now track all your spending and
make you pay for extra fees, that you should not be paying, if you just used Bitcoin without them. Take Shift for instance :
Plastic Card Issuance Fee $10.00
Plastic Card Replacement Fee $10.00
Domestic ATM $2.50
Intl. Transactions 3%
Intl. ATM $3.50
So you have to give up something to receive something.... In this case you sacrifice your financial privacy and pay more in fees to have the convenience to use your Bitcoin in
more places.
so if i have bitcoin debit card,i can shop anywhere i want,so I can pay the credit card bill using bitcoin?make you pay for extra fees, that you should not be paying, if you just used Bitcoin without them. Take Shift for instance :
Plastic Card Issuance Fee $10.00
Plastic Card Replacement Fee $10.00
Domestic ATM $2.50
Intl. Transactions 3%
Intl. ATM $3.50
So you have to give up something to receive something.... In this case you sacrifice your financial privacy and pay more in fees to have the convenience to use your Bitcoin in
more places.
is that true?bitcoin debit card have big fee like paypal?i never use bitcoin debit card,and this fact make me consider to try bitcoin debit card.
So the advantage is, Debit cards allow you to spend Bitcoin in shops where Bitcoin is not accepted.... What they not telling you is... They can now track all your spending and
make you pay for extra fees, that you should not be paying, if you just used Bitcoin without them. Take Shift for instance :
Plastic Card Issuance Fee $10.00
Plastic Card Replacement Fee $10.00
Domestic ATM $2.50
Intl. Transactions 3%
Intl. ATM $3.50
So you have to give up something to receive something.... In this case you sacrifice your financial privacy and pay more in fees to have the convenience to use your Bitcoin in
more places.
make you pay for extra fees, that you should not be paying, if you just used Bitcoin without them. Take Shift for instance :
Plastic Card Issuance Fee $10.00
Plastic Card Replacement Fee $10.00
Domestic ATM $2.50
Intl. Transactions 3%
Intl. ATM $3.50
So you have to give up something to receive something.... In this case you sacrifice your financial privacy and pay more in fees to have the convenience to use your Bitcoin in
more places.
Bitcoin debit card is very good idea and it will push bitcoin further to become a mainstream currency. But the world first needs to be educated about bitcoin. A majority of the world population don't know what it is and what its use.
But bitcoin debit card is a very welcoming change. Only I wish the fees are lower though.
But bitcoin debit card is a very welcoming change. Only I wish the fees are lower though.
I personally don't think so because those Debit cards (same goes with exchanges) defeats the whole purpose of using Bitcoin on the first place , I mean aren't we using because it's anonymous,low fees,decentralized ? where is all that when you use Debit cards ?
Debit cards having bitcoin account attached thereto are very convenient as they significantly improve the liquidity of your bitcoin holdings. Improved liquidity is very important for the next 10 years until bitcoin is everywhere. The fees are actually very low. In fact, zero for most purchases. Go get a shift card and try it. You'll be amazed how cool it is to have your bitcoin available at all times without having to go through a 4 day process before spending them.
It's only worth if those debit card companies ship those cards for free to your country as paying shipping fee, monthly fee and inactivity fee is just too much expensive. It can be used like normal debit cards but every card has some restrictions like Bit-x doesn't allow you to cashout the entire amount on the card The trusted companies like Bit-x, Xapo and Coinbase are one of the best options and Coinbase has the least fee. For me, I prefer my normal Visa card compared to bitcoin debit cards.
Bitcoin debit card is very good idea and it will push bitcoin further to become a mainstream currency. But the world first needs to be educated about bitcoin. A majority of the world population don't know what it is and what its use.
But bitcoin debit card is a very welcoming change. Only I wish the fees are lower though.
But bitcoin debit card is a very welcoming change. Only I wish the fees are lower though.
I personally don't think so because those Debit cards (same goes with exchanges) defeats the whole purpose of using Bitcoin on the first place , I mean aren't we using because it's anonymous,low fees,decentralized ? where is all that when you use Debit cards ?
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you can spend your bitcoin anywhere even a place which dont accept bitcoin,and you can use it for verfiying few accounts which require credit card/debit card verification, but i also see some merchant don't accept debit card transaction because they think debit card users will not going to pay for long term service just like few vps provider does,so debit card is not as easy as you using credit card and also very vulnerable to be stolen by carder when you do use it in random sites
Well, there's still shops that still didn't accept bitcoins.
So, by using debit card, you could buy it.
So, by using debit card, you could buy it.
Bitcoin debit card will make more users get into the bitcoin community. Now most people expect convenience rather than service. Debit cards are much needed in todays life. If these cards were issued with less charges than other debit cards more people would start using it. As the conversion will also be fast than manual transfer.
Bitcoin debit card is very good idea and it will push bitcoin further to become a mainstream currency. But the world first needs to be educated about bitcoin. A majority of the world population don't know what it is and what its use.
But bitcoin debit card is a very welcoming change. Only I wish the fees are lower though.
But bitcoin debit card is a very welcoming change. Only I wish the fees are lower though.
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.
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/
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.
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
anyone using them what is the transactions fees am courius
Here, check this topic:
Bitcoin Debit Cards! [Updated] https://bitcointalksearch.org/topic/bitcoin-debit-cards-updated-1155883
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