And now you can change bitcoins from any country in the world for local currency, but it is very inconvenient. Perhaps in the future, miners will realize that it is better to reduce the cost per transaction for stores. If it is to develop trade with bitcoin, the money that goes into the pocket of the exchangers will go to the miners and everyone will be happy.
Yes, the only doubt in using it is the transaction fee, yet it is mostly convenient especially if were into travel and already spend all the country cash ,we can use btc if that cointry liie Japan implemented it.
Topic: Bitcoin as a way of avoiding to change money when travelling abroad - page 2. (Read 1814 times)
August 30, 2017, 06:11:55 AM
August 29, 2017, 08:39:04 PM
This may likely to happen in the future but as of the moment this is not possible in bitcoin as we can see transaction fees are very frustrating many merchants worldwide may not accept bitcoin because of very high fees even if this method of payment is existing right now still I will not use btc because of fee and confirmations take too long bitcoin should used a lightning speed of transactions before this could happen.
August 29, 2017, 08:25:43 PM
You have the point it really more convenienced for travelling people but this is also possible if the establishment or lets say the money changer itself is also engage in bitcoin investment that they will receive bitcoin and other coins but still requires a minimal or less service fees in all of their transactions but it minimize the hassle atleast.
I think bitcoin is the best currency to take along with you because it is very reliable and convenient to use. Bitcoin currency is famous and acceptable in several countries it made bitcoin more powerful than before. It is now using for the traveling because it is easy to carry with you and you can make a profit by keeping your bitcoin in your wallet it will make bitcoin more powerful than before and also good for the future of the bitcoin. 
August 29, 2017, 12:12:00 PM
Still far from happening but yes, if it really is widely-used, then there's little reason to buy fiat in the country you are travelling to. Just load up your bitcoin wallet, get on a flight, enjoy.
Price and the rate would still be your main problem. I don't travel and hate little economic knowledge but as I've seen in videos, even a singular currency in the EU didn't really solve price differences. There may still be time when you might want to use the country's fiat rather than bitcoin.
Price and the rate would still be your main problem. I don't travel and hate little economic knowledge but as I've seen in videos, even a singular currency in the EU didn't really solve price differences. There may still be time when you might want to use the country's fiat rather than bitcoin.
August 29, 2017, 12:08:42 PM
If you travel abroad from time to time, you are probably used to change money: to do so, you have to find a change office and accept the rates they offer. Many of them also ask to pay a fixed-amount fee, they want more money than what they get from the fx rate.... If it is a touristic place, there may be a little competition from different change offices, at least, if they don't agree prices. But in general, as an individual, you have very little power, you can't hardly negotitate, only accept what they propose... On the other side, if you choose to withdraw money from an ATM with your credit card, you will be paying the FX rate your bank decides to apply to you, with potentially other fees...
However, if Bitcoin become an accepted currency in shops worlwide, we could avoid to change money to the local currency. We will still need to change from OUR currency to Bitcoin, but I feel that we have a much larger negotiting power on that:
- you can do it anytime from your home
- you may automatically buy Bitcoin with a given limit at interesting rates, intead of accepting the prices proposed by a few change offices in the area
- you may have already created a Bitcoin wallet and be used to it: you will automatically understand if a price in a shop is cheap or expensive because you are used to see prices in bitcoins, instead of having to translate into your currency...
- you may keep the remaining money in Bitcoins and still be able to use it when you are back home, etc...
Bitcoin would work as a parallel universal currency, a situation that already exists with USD in many countries, where it is used in parallel with the local currency.
But of course, prior to that, it will need to become widely accepted and have a more stable price
What do you think? Have you ever used bitcoin when travelling abroad?
Well never really tried to travel abroad but this is really a good idea,However, if Bitcoin become an accepted currency in shops worlwide, we could avoid to change money to the local currency. We will still need to change from OUR currency to Bitcoin, but I feel that we have a much larger negotiting power on that:
- you can do it anytime from your home
- you may automatically buy Bitcoin with a given limit at interesting rates, intead of accepting the prices proposed by a few change offices in the area
- you may have already created a Bitcoin wallet and be used to it: you will automatically understand if a price in a shop is cheap or expensive because you are used to see prices in bitcoins, instead of having to translate into your currency...
- you may keep the remaining money in Bitcoins and still be able to use it when you are back home, etc...
Bitcoin would work as a parallel universal currency, a situation that already exists with USD in many countries, where it is used in parallel with the local currency.
But of course, prior to that, it will need to become widely accepted and have a more stable price
What do you think? Have you ever used bitcoin when travelling abroad?
We could really use bitcoin to buy their currency without fees with their local FIAT exchanger.
I think there will be no difference between changing your local currency to foreign country's local currency and buying bitcoins to use as a payment method and probably you will spend more money from using it due to the transaction fees on transfering bitcoin . Being able to travel abroad using bitcoin would be good as it will also help introduce our beloved cryptocurrency to many people but we still have to look for a way where we wouldn't have to spend much .
August 29, 2017, 02:22:43 AM
I agree with you. But it is hard to find a store which accept bitcoin right now. Bitcoin is famous cause of its price, but there are not many people thinking about buying bitcoin. Because of that fact, the number of merchants accepting bitcoin is still very small, especially in developing countries. Well, maybe in the future, we will have more chance to use bitcoin in any place on the world
This is a good idea to use bitcoin to travel abroad and yes its hard to find merchant that accept bitcoin as payment for now. Many will love to use bitcoin by most traveller. If this would happen bitcoin will attract more users. 
August 28, 2017, 08:40:46 AM
I agree with you. But it is hard to find a store which accept bitcoin right now. Bitcoin is famous cause of its price, but there are not many people thinking about buying bitcoin. Because of that fact, the number of merchants accepting bitcoin is still very small, especially in developing countries. Well, maybe in the future, we will have more chance to use bitcoin in any place on the world
August 28, 2017, 06:15:30 AM
Finally, when all these are done, Bitcoin will lose the privacy and secrecy behind it. It won't be decentralized anymore. May be it will still appeal to people that way. May be not. I know what level of documentation people go through with exchanges asking for one document verification or the other just to transact business with them. And this is kind of frustrating.
Why would it become decentralised currency? Just because it's going to be used in the world ? I don't think so. There are many ways by using which bitcoin still stays on the blockchain and it is converted to fiat currency algorithmically. There are many stuffs we don't know about bitcoin yet, but developers must have thought of something to make it reality one day. Blockchain is big thing, it can be upgraded and its open source. So developments are possible.
August 27, 2017, 10:34:01 PM
Yes this is possible and would just relax our lives. At least for those who are world traveller will benefit from such services very easily. The developments are already going on for internation crypto cards by using which you can transact in the local currency very easily. It's not necessary to have bitcoin card itself, but you can use any altcoin to use it. Hope to see such projects become reality so as to grab one of those cards. :-)
August 27, 2017, 09:31:04 PM
If you travel abroad from time to time, you are probably used to change money: to do so, you have to find a change office and accept the rates they offer. Many of them also ask to pay a fixed-amount fee, they want more money than what they get from the fx rate.... If it is a touristic place, there may be a little competition from different change offices, at least, if they don't agree prices. But in general, as an individual, you have very little power, you can't hardly negotitate, only accept what they propose... On the other side, if you choose to withdraw money from an ATM with your credit card, you will be paying the FX rate your bank decides to apply to you, with potentially other fees...
However, if Bitcoin become an accepted currency in shops worlwide, we could avoid to change money to the local currency. We will still need to change from OUR currency to Bitcoin, but I feel that we have a much larger negotiting power on that:
- you can do it anytime from your home
- you may automatically buy Bitcoin with a given limit at interesting rates, intead of accepting the prices proposed by a few change offices in the area
- you may have already created a Bitcoin wallet and be used to it: you will automatically understand if a price in a shop is cheap or expensive because you are used to see prices in bitcoins, instead of having to translate into your currency...
- you may keep the remaining money in Bitcoins and still be able to use it when you are back home, etc...
Bitcoin would work as a parallel universal currency, a situation that already exists with USD in many countries, where it is used in parallel with the local currency.
But of course, prior to that, it will need to become widely accepted and have a more stable price
What do you think? Have you ever used bitcoin when travelling abroad?
However, if Bitcoin become an accepted currency in shops worlwide, we could avoid to change money to the local currency. We will still need to change from OUR currency to Bitcoin, but I feel that we have a much larger negotiting power on that:
- you can do it anytime from your home
- you may automatically buy Bitcoin with a given limit at interesting rates, intead of accepting the prices proposed by a few change offices in the area
- you may have already created a Bitcoin wallet and be used to it: you will automatically understand if a price in a shop is cheap or expensive because you are used to see prices in bitcoins, instead of having to translate into your currency...
- you may keep the remaining money in Bitcoins and still be able to use it when you are back home, etc...
Bitcoin would work as a parallel universal currency, a situation that already exists with USD in many countries, where it is used in parallel with the local currency.
But of course, prior to that, it will need to become widely accepted and have a more stable price
What do you think? Have you ever used bitcoin when travelling abroad?
I think it's really good to use bitcoin as a money that accepted by people around the world. It's good for traveler and backpacker, they can easily change their money into the local fiat but many people still don't know about bitcoin. It's hard to make it into reality right now, maybe someday it can happen.
August 27, 2017, 09:13:44 PM
Finally, when all these are done, Bitcoin will lose the privacy and secrecy behind it. It won't be decentralized anymore. May be it will still appeal to people that way. May be not. I know what level of documentation people go through with exchanges asking for one document verification or the other just to transact business with them. And this is kind of frustrating.
August 27, 2017, 09:06:18 PM
You have the point it really more convenienced for travelling people but this is also possible if the establishment or lets say the money changer itself is also engage in bitcoin investment that they will receive bitcoin and other coins but still requires a minimal or less service fees in all of their transactions but it minimize the hassle atleast.
August 27, 2017, 08:42:50 PM
For travel, it is very good to use bitcoin, but not everywhere it is accepted and it is necessary to plan your trip so that later you can not find yourself in a difficult situation without the usual money.
bitcoin is for sure very good to take with you while traveling because it is easy to carry huge amount of bitcoin through your hardware wallet and you can use it wherever you want the price of the bitcoin is very high and it made bitcoin the world currency bitcoin is being use in a lot of countries as legal currency and they are accepting bitcoin as t traveling fees or you can buy ticket of the air traveling of any country easily because it is very famous and popular now. 
August 27, 2017, 04:42:04 PM
Very fun when that happens, BTC became the currency that is valid in the world is really happy. As you have written above taxes and individuals who are looking for cruel money for me personally. I have never used BTC to buy goods abroad, but the results of mining BTC I use for road and shopping abroad until now. 
August 27, 2017, 04:26:33 PM
I've never used a bitcoin debit/credit card.
That could be one effective way to do this if said cards are accepted internationally.
Withdrawal could be a less effective method. But like I said I haven't used btc cards enough to know.
That could be one effective way to do this if said cards are accepted internationally.
Withdrawal could be a less effective method. But like I said I haven't used btc cards enough to know.
August 27, 2017, 02:32:52 PM
This is possible, no need of converting the currency to the conventional currency of the country to which we're traveling. But this too has certain issues, because while withdrawing for usage we can get it paid to our local bank account. When the same is withdrawn using a card the charges will make it worse.
August 27, 2017, 02:22:00 PM
I have traveled only in Europe during this two years that I'm in bitcoin world. And as here Evro is acceptable in those few places where I was. But I think to the idea of exchange skipping during travel asks for bitcoin would be acceptable everywhere. Now it's just impossible.
August 27, 2017, 02:06:48 PM
Yes, it is possible to use bitcoin that way and this is the utopia we refer when we say 'Bitcoin is a global currency'. But still such happening is far from practical reality. Major reasons are bitcoin volatility and it being unregulated.
Due to above mentions, merchants usually hesitate in integrating bitcoin in their businesses.
However, every bitcoin enthusiast will love to see future when every shop has hoarding above saying 'Bitcoin accepted here.'
Yep! In the real world, bitcoins will need to work harder for decades to become the digital global currency that is accepted everywhere. Indeed, many bitcoin lovers are anxiously waiting for this to be done so that they can buy their goods with bitcoins. It is a fact that some people are still afraid of using bitcoins in businesses. Due to above mentions, merchants usually hesitate in integrating bitcoin in their businesses.
However, every bitcoin enthusiast will love to see future when every shop has hoarding above saying 'Bitcoin accepted here.'
August 27, 2017, 09:47:24 AM
It really depend on target target countries Whether recognize bitcoin as payment method.In comparison to others,Bitcoin can make it easier for those travelling abroad by enabling people to convert into local currency.but currently bitcoin still has trouble with small transactions because transaction fees still keep
too high.
too high.
August 27, 2017, 08:40:54 AM
Yes I agree with I think that it would be good for all those who own bitcoin out there and it would be very convenient for them when they travel. I've been through the struggle of having to have your fiat exchanged to the currency of the country you are going to, since our local currency is not accepted worldwide. Its a hassle trying to look for an exchange with minimal rates, comparing one from another. Also, having to mentally compute the prices is also painstaking. I like your idea but many implementations have to be done first before bitcoin may be a universal currency.
Jump to: