Another Good Reason to Own Some BTC - page 13.

odolvlobo

legendary

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Quote from: eckmar on July 05, 2017, 05:14:27 PM

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.

satoshforever

member

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imo this is a nice use case, cool to have transferrable online cash everywhere. But you do have to remember the key or secure it somewhere online, which is a drawback

eckmar

legendary

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Telegram: https://t.me/eckmar

Quote from: stevebc on July 05, 2017, 05:03:56 PM

Quote from: OROBTC on July 05, 2017, 03:52:43 PM

...

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".

Don't we all have our online wallets secured by 2FA? If so - better make sure that when your credit card gets stolen they don't take your phone/yubikey or what have you also!

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

stevebc

full member

Activity: 209

Merit: 100

Quote from: OROBTC on July 05, 2017, 03:52:43 PM

...

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".

Don't we all have our online wallets secured by 2FA? If so - better make sure that when your credit card gets stolen they don't take your phone/yubikey or what have you also!

eckmar

legendary

Activity: 1878

Merit: 1038

Telegram: https://t.me/eckmar

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.

Taki

hero member

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Merit: 514

Quote from: OROBTC on July 05, 2017, 03:52:43 PM

...

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.

malikusama

copper member

Activity: 1050

Merit: 294

There are many advantages of owning bitcoins like this one, however still many of the people are not aware of its advantages yet. Online wallets are not that safe like offline wallets but are very useful in these type of scenarios.

MWesterweele

hero member

Activity: 1372

Merit: 564

Quote from: OROBTC on July 05, 2017, 03:52:43 PM

...

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".

Having a bitcoin is a privelege , if we had a bitcoin we already have the curency for the future . And bitcoin for more more years will be likely to increaae its value more.

OROBTC

legendary

Activity: 2968

Merit: 1895

...

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".

Topic: Another Good Reason to Own Some BTC - page 13. (Read 5009 times)