If I used ANX debit card and withdraw it from ATM, will the USD/BTC converted into local currency automatically? And, can you give a summary of fees? Thanks!
~~MZ~~
Well i finally got my ANX premium card took me about 6 days to get it " including weekend " from Hong Kong to me here in the Midwest USA. I must say i was shocked how fast i got the card, i am still mad cards cant have persons name on them. They verify our identity and ask for documents but cant get a card with a name on it. I hope i can use it to rent a car when i travel for work. Also i dont like the activation process of the card they really need a native english speaker to translate this. Seems like they used google translate and it went wrong with words and meanings lost or not making sense. Also i dont like how the site where you go to activate card will show $0 balance even if you have bitcoin on ANXBTC website. I will try to use card sometime this weekend see what happens.
Verifying your identity is not because we find it fun, it's because it is required by the government. We are not a bank, we are a Bitcoin Exchange. The activation process of the card is not through us, it is through a third party, and their translating is not our fault. However, if you encounter any issues doing so, we are here to help.
Yes. DARKANGEL6415, please note that ANX is a Hong Kong registered company and a licensed MSO (Money Services Operator) with a compliance to KYC/AML, as byt411 mentioned, this is required for everything to be legal.
i think there is some confussion i have no problem getting account verified. I just want to know why cards cant have my name on them. I really suggest getting a new company for activations the site is horrible and worded in bad english. Also i deposited 0.6 bitcoin to try out card only to notice i have to " load " the card up with $100 minimal. I thought the card was going to be like XAPO debit card where they sell the bitcoin needed ONLY to cover the transaction you using it for. I also do not like the fact when i send bitcoin will show deposited but i can't use it till next day seriously that is a big flaw. Also when you top off the card using bitcoin that you already waited 1 day to clear the system then you are forced to wait more time before you can use the money up to two days. Seriously this card is turning out to be one BIG mistake i can't belive i paid 0.1 bitcoin for this horrible card. If the above issues fixed where people can have bitcoin in ANX and it automatically converts only the amount of item bought into cash would be great.
First of all, these are not issues. It may be your own personal opinion that the process of converting bitcoin to paying with card is a hassle, but they are not issues.
Again, cards can't have your name on them because the costs would be ridiculous. Ordering cards in bulk that are the same from our supplier is cheaper than having to personalize every single card. Our card is not like Xapo's card, and we have said that the Bitcoin is converted to fiat and stored in fiat multiple times, unlike Xapo's. However, we are working towards that feature.
You have to wait 1 day because the transaction is processed manually, and not automatically. I am unsure of what you mean by having to wait 1 day + 2 days, since in most cases loading the card takes 1 business day, unless you mean you loaded it on Friday night.
If you deposit 0.6
BTC, there shouldn't be any problems because that is equal to aprox. 161.9 USD.
However, despite you stating that these are issues, we appreciate your comments, and we welcome any constructive criticism.
Thank you for the reply and you are correct they are not issues but in fact opinions. I am sure alot of people would share the opinion of fast loading i mean we all want convinience and want faster and better. If that was not the case we would all still be paying by cash and checks. I also put some parts from the anx website that might have caused me the confusion and caused my opinion to be said.
"Your debit card will be automatically recharged once your bitcoin deposits to this address have been confirmed. "
this is what emails i got when i did not know a minimal amount to load, so my error
0.03860000 BTC was received on your topup address. Once confirmed this will be converted into USD which will be credited to your card named: ANX Premium
0.03860000 BTC was received, however it could not be automatically credited to your card named: ANX Premium USD 1 as the topup amount was below the minimum necessary amount 100 USD. The full amount remains available on your standard account.
Then i send different amount to meet this guidelines
0.44006163 BTC was received on your topup address. Once confirmed this will be converted into USD which will be credited to your card named: ANX Premium
0.44006163 BTC was received, however it could not be automatically credited to your card named: ANX Premium USD 1 as the topup amount was below the minimum necessary amount 100 USD. The full amount remains available on your standard account.
Unless i missed something that would have equal the amount of over $100 but still nothing. I will ofcourse still use the card whenever funds load as i got no other choice. I really do hope you are serious when you say they are looking into a option of having bitcoin convert it at point of sale into fiat to cover only the sale and not 1 satoshi more. In any way i am going to send another deposit straight into card address of around $200 and if i get error again i will post it again