Topic: Another Good Reason to Own Some BTC - page 12. (Read 5009 times)
I actually did this in Mexico. I sold half a Bitcoin and was able to live off that for quite a while.
Their are online wallets, such as blockchain.info and airbitz, that give you exclusive control of your keys.
Blockchain.info don't give control of private keys.Yes, they do.
Quote from: https://blockchain.info/wallet/how-it-works
We do not store your bitcoins, we only provide you with the software you need to store them yourself. Your wallet is encrypted on your device with your personal password. Your password acts as your decryption key to both lock and unlock your wallet — your wallet cannot be accessed without it. Because we don’t know or store your password (we can’t even reset it), only you are able to unlock and decrypt your wallet.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
Yeah, if you are creative then you can literally do anything with bitcoin.
One of the main advantages of bitcoin is that you can use it anywhere. You are not restricted by borders like fiat, you don't have to declare if you have bitcoin because technically you are not carrying it on your person.
Keeping just a little bitcoin even as an average person would prove extremely helpful if you were in a situation where you need immediate access to cash, for example as you said, when you lose yoru credit card in another foreign country.
And pretty sure you don't need to be in a country where bitcoin is widely adopted, basically every country has bitcoin traders and you can always hit one up on paxful or LBC.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
Yeah Bitcoin is great when it comes to situation like that. Of course the country would have to have Bitcoin legal before you can do such things, but Bitcoin is still a lifesaver here.
Does it really need for bitcoin to get legalize before you use it? In my country, bitcoin is not really leagalize thouhg there is no law that opposes it but we could still use it anywhere. We can convert it to fiat from our hardware wallet. But what's not good is it takes an hour before you get to cash out your bitcoin. It can help as long as you dont need that bitcoin quickly.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
I think you have not written completely, but what I can understand is that you mean that be it any place, any time and you are out of Fiat you can use Bitcoins. Well it will depend country to country not all have accepted it as of now. Then I hope you have not forgotten the fees, this days I have to put all the transactions on the back burner because of the dam fees, I miss the good old days where there was no fees. Your idea is nice, but currently it's not globally adopted.
i think you haven't really been making any transactions lately or "these days" becuse if you had you could have seen that since the spam attack stopped last week the mempool has been empty and the "good old days" are practically back and the low fee and extremely low fee transactions are also getting confirmed.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
I think you have not written completely, but what I can understand is that you mean that be it any place, any time and you are out of Fiat you can use Bitcoins. Well it will depend country to country not all have accepted it as of now. Then I hope you have not forgotten the fees, this days I have to put all the transactions on the back burner because of the dam fees, I miss the good old days where there was no fees. Your idea is nice, but currently it's not globally adopted.
With current transaction fees it's not really worth to pay for some "small bills" since the fee will be like 50% of what you are paying for.
The solution for that is to use a third party wallet service such as Coinbase. Transfer between Coinbase wallets can cost as little as BTC0.00001, and the transactions are instant. I am not favoring Coinbase in anyway. We can use any similar service (BitPay is another one).
So far as I checked the all online wallets Coinbase default fees seems little better than xapo, blockchain and others. By default they consumes 0.00087 btc as transaction fee. I agree Bitpay wouldn't have this much fees but your transaction will be completed in a 30 minutes.
With current transaction fees it's not really worth to pay for some "small bills" since the fee will be like 50% of what you are paying for.
The solution for that is to use a third party wallet service such as Coinbase. Transfer between Coinbase wallets can cost as little as BTC0.00001, and the transactions are instant. I am not favoring Coinbase in anyway. We can use any similar service (BitPay is another one).
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
That's a big plus. Especially when you travel to a bitcoin friendly country, you can actually leave out your credit cards or cash and use only bitcoin. So no worries of losing anything when on travel either. If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
...
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
One of the best things about bitcoin is that it does not discriminate against countries. You using bitcoin in North Korea compared to you using bitcoin in the USA, as long as you have some sort of internet access, you'll be getting the exact same product.
Losing a credit card is something that is a real possibility. By carrying cash around in certain countries you have a high chance of getting robbed, and it's just inconvenient. With bitcoin, everything is done at your fingertips. Even in small countries there will be bitcoin traders on localbitcoins willing to take your bitcoin for cash. It's quite a sound backup plan in my opinion, just in case something unexpected does happen on your trip, you dont have to waste money on foreign exchange again.
~Here is a case for having an online wallet, "travels anywhere".
better have paper wallet, in that case you truly control everything and travelling with a piece of paper with some "nonsense" written on it is easy. you just put it anywhere and nobody can ask you why are you taking 1 billion dollar out of the country
I agree. The good thing about bitcoin is that it is like an international money for all of us. One that has bitcoin can go to places without necessarily exchanging his current currency to that his country destination is using. For as long as he has bitcoin he can go there immediately and if there no stores that accept bitcoin as payment then he has just to exchange them to the country's money.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
Yes it is a good reason to have some bitcoin and you have online wallet but the only problem you may encounter even if you have bitcoin and you lose your credit card if the country you visiting accept bitcoin or you are clearly remember your password through it, so better save some writings on your notebook or notepad in that way you will be saved. Just a reminder, but you have a point out there mate. Nice topic and information you got there. If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
It is a good way in case of emergency, but how could you use your BTC in some restaurant or in a hotel? maybe with a card that use btc or something like that! a Bitcoin bank 
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
Yeah Bitcoin is great when it comes to situation like that. Of course the country would have to have Bitcoin legal before you can do such things, but Bitcoin is still a lifesaver here.
But I am baffled by this statement: "Here is a case for having an online wallet, "travels anywhere"."
I mean it does not have to be an online wallet does it? You could use your hardware wallet or offline wallet if you bring your device. Why compromise the safety of your Bitcoin by entrusting all your funds to some dodgy online wallet like coinbase, when you can ensure safety with your hardware or offline wallet?
I would just take my hardware wallet with me while I travel. After all, it didn't get the name Ledger NANO for no reason. It is convenient and portable AND safe too. I would never trust my Bitcoin funds with online wallets.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
I don't think I will travel with just only credit card. It's a risk and everyone knows that. It's just a backup and not my main tool for spending. I have to bring some cash too.
Also I doubt that even in a country with active bitcoin scene, I can see services are just around. Still a risk to just rely only on credit card and bitcoin as only used for my spendings when I do travel.
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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
What if you were also going to lose your smartphone along with your wallet. What can be your options? Unless that there would be an atm machine that allows you to log in using your keys however this is to dangerous so what would really be the option?
But we can only pay if that shop is accepting Bitcoin, even though the country legalized and accepting Bitcoin that doesn't mean all the shop is accepting bitcoin, the implementation of Bitcoin for shop is still too little, so for now we can't depend on Bitcoin, but in the future I am sure we can live by only using Bitcoin
You would need to find someone there on that country buying Bitcoins and giving fiat instantly on your hands.
Only good if there were a trusted exchange house, something like this offering this service, because it's too dangerous to trust a stranger to do this transaction, you can give your Bitcoins and he won't give you any $$ back.
Only good if there were a trusted exchange house, something like this offering this service, because it's too dangerous to trust a stranger to do this transaction, you can give your Bitcoins and he won't give you any $$ back.
...
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
As I know you pay bills through online banking and if you loose your card the first thing you have to do is to block your bill. So, you can't pay your costs with bitcoins, if only the place does accept bitcoins directy.If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
Problem with online wallets are not that only are less secure its that you are putting your money in someone else's hands so you have to trust company hosting the wallet in the first place
Their are online wallets, such as blockchain.info and airbitz, that give you exclusive control of your keys.
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