Topic: Bitcoin credit card (Read 567 times)
Locking thread, no one is reading my responses and just posting randomly.
I have never seen or tried as you say, but I have seen some projects that lead to it. I think the innovation is now quite extensive regarding bitcoin and other ico.
maybe for next year we will be treated to more sophisticated technology.
Are there any websites out there that you can create a credit card and use your Bitcoin when you swipe? So the idea is you take out your card, swipe it and it will register as a mastercard, visa or whatever. But instead of charging you money it would charge you in BTC or take directly from your wallet? Obviously the card would have to be backed by a big bank or something.
TLDR- I am looking to get like a Visa credit card in exchange for Bitcoin
TLDR- I am looking to get like a Visa credit card in exchange for Bitcoin
in UK they used to sell pre-paid credit card (debit card ?) on shopping centers etc ... I almost buy an American Credit Card to give it as a gift card ...
Bitcoin credit card is a good point. When dealing with an exchange or a bank, every time you make a purchase it represents a sale of an asset and thus is a taxable event. Now you don't have to calculate or pay those taxes monthly, but you do have to do it yearly so this uses are bitcoin credit card.
ID is more important than cash-gold (credit/debit) relationship that's why I do projects like IBM, 3 blind approach
Building Trusted, Digital Identity with Blockchain
https://www.youtube.com/watch?time_continue=5&v=nyqhytBYQCc
Are there any websites out there that you can create a credit card and use your Bitcoin when you swipe? So the idea is you take out your card, swipe it and it will register as a mastercard, visa or whatever. But instead of charging you money it would charge you in BTC or take directly from your wallet? Obviously the card would have to be backed by a big bank or something.
TLDR- I am looking to get like a Visa credit card in exchange for Bitcoin
TLDR- I am looking to get like a Visa credit card in exchange for Bitcoin
in UK they used to sell pre-paid credit card (debit card ?) on shopping centers etc ... I almost buy an American Credit Card to give it as a gift card ...
Bitcoin credit card is a good point. When dealing with an exchange or a bank, every time you make a purchase it represents a sale of an asset and thus is a taxable event. Now you don't have to calculate or pay those taxes monthly, but you do have to do it yearly so this uses are bitcoin credit card.
Are there any websites out there that you can create a credit card and use your Bitcoin when you swipe? So the idea is you take out your card, swipe it and it will register as a mastercard, visa or whatever. But instead of charging you money it would charge you in BTC or take directly from your wallet? Obviously the card would have to be backed by a big bank or something.
TLDR- I am looking to get like a Visa credit card in exchange for Bitcoin
TLDR- I am looking to get like a Visa credit card in exchange for Bitcoin
in UK they used to sell pre-paid credit card (debit card ?) on shopping centers etc ... I almost buy an American Credit Card to give it as a gift card ...
Thank you for the responses all. This all started because I wanted to purchase something using Bitcoin for a website called Zygor-They make an addon for World Of Warcraft. They only accept Paypal-which I don't use, and a credit card-which I don't use. I'll check into some of the options and hopefully find something that will work, again. Thanks.
There is a dozen of websites like you are looking for. Basically, you load your account with Bitcoin, it gets converted to $,£ or € following their internal rate, then you transfer the money to your card, it is instant to load your card. If you go to the "service discussion" section you will find several topics about it.
This is very far from functioning of systems with national currencies. And this is far from the product for widespread use.
Although maybe you should not make a map, but focus on technology similar to ApplePay.
https://xapo.com/card/ offer you a debit card that can be used at every place that accepts VISA as a payment option. It does
not offer you credit, so you have to fund the card to make these purchases. Bitcoin is not really meant to be used as a credit
option, because it is a form of cash. Hope this helps you.
not offer you credit, so you have to fund the card to make these purchases. Bitcoin is not really meant to be used as a credit
option, because it is a form of cash. Hope this helps you.
Bitwala is a good service if you wanna have a visa card, you can use it in any store or just for withdrawing money in an atm, only that you have to convert your btc to usd first, and then you can withdraw it in your atm without any problems. I have been using it for some time and it is a good one.. I use wirex visa card too, i have both of them, but bitwala is the best one from them, because it is more faster and their support replies fast.
So question on that, Anytime I want to use the card I have to convert them first? How long does that actually take in order to transfer? I want something quick and instant, like I go to a bar/dinner/lunch and I want to pull my card out, have it take Bitcoins out and be done with it. I don't want to transfer or wait or anything. Is that even possible?
). give it a try! 
As far as I know Bitcoin credit cards don't exist, only Bitcoin debit cards and that is the big diference. With debit card you easier spend the coins you have in your wallet and they are converted to fiat currency you choose so you don't have to worry if merchants accepts Bitcoins or not.
For Bitcoin credit cards there should be some financing behind who would credit you with Bitcoins you don't have.
For Bitcoin credit cards there should be some financing behind who would credit you with Bitcoins you don't have.
I would be very happy if indeed in my country there are bitcoin credit cards like monaco credit cards abroad,
because credit cards can simplify the work in payments or other transactions,
But I'm still not sure it can happen in my country because bitcoin can not be legal.
because credit cards can simplify the work in payments or other transactions,
But I'm still not sure it can happen in my country because bitcoin can not be legal.
I do not agree if bitcoin makes credit cards, so it will make more umit just the process of withdrawal or other porses inside bitcoin. What's more if you have to deal with the bank, there will be taxes every month, and that will be detrimental to us, so be thankful the bitcoin we can still get and without tax.
if I strongly agree bitcoin create credit cards, because it will simplify the process of a transaction, such as paying utility bills, paying car payments, buying household needs and others.
There are lots of services out there which will deliver VISA or Mastercard and you can deposit any amount in them with bitcoin. Cryptopay, bitpay, shift are few of those card providers.
Monaco and Tenxpay is under development.
Monaco and Tenxpay is under development.
Do they support direct withdraw from wallet instead of loading them manually? I know in cryptopay you will need to convert btc to local currency and then load to your card.
But it will be nice to have a card where you don;t need to convert or load. Every time you use your card, it directly use your bitcoin and automatically converts. Is there any such card provider?
Cheers
Go for Centra, even Mayweather is using the Centra debit card lols. Seriously I think Centra has a good business model. They have a legit team. Other debit card funded by BTC are scams.
Are there any websites out there that you can create a credit card and use your Bitcoin when you swipe? So the idea is you take out your card, swipe it and it will register as a mastercard, visa or whatever. But instead of charging you money it would charge you in BTC or take directly from your wallet? Obviously the card would have to be backed by a big bank or something.
TLDR- I am looking to get like a Visa credit card in exchange for Bitcoin
TLDR- I am looking to get like a Visa credit card in exchange for Bitcoin
There are lots of services out there which will deliver VISA or Mastercard and you can deposit any amount in them with bitcoin. Cryptopay, bitpay, shift are few of those card providers.
Monaco and Tenxpay is under development.
Monaco and Tenxpay is under development.
Bitwala is a good service if you wanna have a visa card, you can use it in any store or just for withdrawing money in an atm, only that you have to convert your btc to usd first, and then you can withdraw it in your atm without any problems. I have been using it for some time and it is a good one.. I use wirex visa card too, i have both of them, but bitwala is the best one from them, because it is more faster and their support replies fast.
So question on that, Anytime I want to use the card I have to convert them first? How long does that actually take in order to transfer? I want something quick and instant, like I go to a bar/dinner/lunch and I want to pull my card out, have it take Bitcoins out and be done with it. I don't want to transfer or wait or anything. Is that even possible?
I guess since you convert your BTC to USD already to fund your bitwala card then it works as what debit/credit/atm card do.
So the answer is yes it will transfer instant just what other cards do, except if there's a maintenance with the platform, tho I don't have any experienced of using them but if you applied a simple logic that will goes like that.
OP's comment and your reply...
Wait what ? Take directly from the wallet ? Of course impossible. This means that somehow the service that issues your card should have total access to your address with private keys ??
Not a good idea.
My reply...and yours
If you can't understand what the OP said and what I replied, don't comment.
Read again.
Pathetic.
What am I not understanding about the OP? He's asking if a card exists to make purchases directly from a bitcoin wallet. The answer is yes. And I'm commenting on your surprise that anyone would allow a 3rd party access to private keys. It happens all the time with anyone using an exchange wallet.
You said "it's impossible" and it's (quite literally) not impossible.
Where's the misunderstanding on my end? And please keep the insults to yourself, we don't insult each other here.
But instead of charging you money it would charge you in BTC or take directly from your wallet?
Wait what ? Take directly from the wallet ? Of course impossible. This means that somehow the service that issues your card should have total access to your address with private keys ??
Not a good idea.
My reply...and yours
Sir, are you not familiar with bitcoin exchanges? Most of these debit cards only work through exchanges...so wallets where you don't have any private keys. Bitwala works with Trezor but you do get the protection provide by MasterCard or Visa.
If you can't understand what the OP said and what I replied, don't comment.
Read again.
Pathetic.
What am I not understanding about the OP? He's asking if a card exists to make purchases directly from a bitcoin wallet. The answer is yes. And I'm commenting on your surprise that anyone would allow a 3rd party access to private keys. It happens all the time with anyone using an exchange wallet.
You said "it's impossible" and it's (quite literally) not impossible.
Where's the misunderstanding on my end? And please keep the insults to yourself, we don't insult each other here.
I have wirex debit card, and this is the best card i have ever had, i used some debit cards in the past, like neteller card, uquid card, payeer, and advcash. But wirex has a very friendly interface, everybody can use it, even a newbie that does not understand how tu use bitcoin , can use that card and load it quickly. Onlike that their fees are a little bit high, but their service is excelent, and they have an ANN thread on this forum where they reply everyday.
I don't think it's a good idea. I wouldn't put a big amount in this kind of websites. If you need to withdraw you coins i advise to send small amounts only when you want to turn your coins to cash.
What's more if you have to deal with the bank, there will be taxes every month, and that will be detrimental to us, so be thankful the bitcoin we can still get and without tax.
This is a good point. When dealing with an exchange or a bank, every time you make a purchase it represents a sale of an asset and thus is a taxable event. Now you don't have to calculate or pay those taxes monthly, but you do have to do it yearly. If transactions are made over the blockchain and not via an exchange wallet there is less record keeping of such an event.
Things to think about I suppose.
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