i wondering what different between xapo,e-coin and coinbase debit card?is all of them have overplus?
and i'm still check and get some information all of them,and the best maybe can used by me,and glad to be know that there was 3 debit card that i know.
Well i know the differences between them, firstly xapo has their debit card which when you spend your bitcoin it takes that moment conversation rate, with e-coin you should first convert bitcoin to fiat money at their website and then spend, and about coinbase i have not much information as it is a new product nowadays.
XAPO: online card, attached directly to your XAPO wallet
E-coin: so called PrePaid card which you top up from your BTC account. After the top up you can use it as a regural bank card. (But in this case you can exchane the same amount to fiat and use your existing fiat bank card. Why to have 2 cards for the same purpose?)
how exactly do you easily and instantly exhcange BTC to fiat and us on your existing fiat bank card?
Now that's what I'm trying to say that:
Your card is a prepaid type card. This means for me that I have to top it up time to time, if I want to spend my money with it. If I top up that prepaid card, I exchange an amount of BTC to fiat, card will hold that fiat amount, if I'm right. After when I pay at a merchant, there is no BTC involved, it's only my fiat on the card and the merchant's transaction (payment in fiat).
If I have spent all my fiat from the card, I can top it up again with exchanging BTC from the wallet (or sooner, if I want)
So if all of the above is true, you have a fiat denominated prepaid bank card which can be topped up with BTC from a specific wallet quickly and easily.
My question is:
If I'm not in a hurry, I can sell my BTC's on any exchange and send the fiat to my regural bank account, to which I have my everyday bank card attached to. I can spend the amount I have exchanged with that regural bank card (even because it's contactless and I like PayPass very much), without extra costs for another card. Why then I need this kind of debit card?
I don't want to do marketing for your competitor, but I have another kind of BTC debit card that is attached to my wallet directly, so every time I do a transaction, the system uses the current exchange rate. But the main reason was for me choosing the other card was that I don't need to bother with topping up the card, as long as my wallet has enough funds, I'm OK to buy anything I want. But with your card if I haven't put enough funds on the card (even my wallet has the required amount) I won't be able to buy.
I don't want to talk about fees because both kind of debit cards has fees, so it's not a cheap thing yet if you want to play with these debit cards
but I hope that in the near future these fees will become more affordable.
Please correct me if I have misunderstood anything in connection with your system, I just want to get a clear view about possible ways of paying with BTC debit cards.