How many people are using Bitcoin debit card? - page 8.

HarHarHar9965

hero member

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Quote from: Mickeyb on August 07, 2015, 05:04:59 PM

I have one, but I am not using it, just tried it out. Well, it's a great thing if you don't mind fees. It works great, you can actually spend your bitcoins and pay with bitcoins everywhere. But fees are still very high so for me it doesn't still make any sense using it on a daily basis.

I am sure, that as market matures and competition heats up, the fees will also drop and then these cards will be more user friendly.

You are indirectly cashing out your bitcoins and that is something I heavily advise not to do, you are not actually buying things with bitcoins but exchanging your bitcoins for goods and services, and every time you do, you are also paying pretty hefty conversion charges as well as transaction charges, I don't think these cards could be that great a deal right now. I don't really advise on using it.

Mickeyb

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Activity: 798

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Move On !!!!!!

I have one, but I am not using it, just tried it out. Well, it's a great thing if you don't mind fees. It works great, you can actually spend your bitcoins and pay with bitcoins everywhere. But fees are still very high so for me it doesn't still make any sense using it on a daily basis.

I am sure, that as market matures and competition heats up, the fees will also drop and then these cards will be more user friendly.

MrZillion

member

Activity: 174

Merit: 10

Mundus Ex Plurimum

Xapo, Bit-X and CCEDK are all similar regarding the cards and how they work.

Most can be used in any country that hasn't limited bitcoin. Those cards behave just like credit cards.

Just be sure to read the fine print: costs are rather high and there are spending limits. Those limits can be removed when you verify identity and when you do that, make sure to declare funds at tax time. That's mainly why the verification is there.

Overall a great card to have in my opinion!

aakashsangwan

hero member

Activity: 994

Merit: 1000

PUGG.io

I personally prefer bit-x but never applied for it.
I will wait for this service for wide adaption.

BIT-Sharon

sr. member

Activity: 266

Merit: 250

Do you know in which countries that bitcoin credit cards are issuing?

Derrike

member

Activity: 84

Merit: 10

I am not using it right now but looking forward to apply for the debit card.
I've not found a decent one till now.

dollarneed

hero member

Activity: 742

Merit: 500

Quote from: Payens on June 24, 2015, 02:48:15 AM

i like net+ (Not Bitcoin only), i need put my bitcoin into neteller and after use the card.

Iam Interested to using Net+ to
But i would ask you about some question
so what about the fee especially when we make a purchase?
as we now that there is some fee when we deposited our bitcoin to the neteller

prodigy8

hero member

Activity: 532

Merit: 500

I am not using a bitcoin debit card due to the fees that have many company.
The fees are too much if i have small money, but if the bitcoin is large the fees are not much

jaydipmodhwadia

sr. member

Activity: 322

Merit: 250

Verify my Bitcoin Address before EVERY transaction

Shame, bitcoin cards can't be used with fiat as well... Keep 2 currencies different but on 1 card so u can choose between fiat and virtual.

Coins168

member

Activity: 98

Merit: 10

not yet using those but probly in the future

Mr.jatt

newbie

Activity: 31

Merit: 0

No, but I think of using it in the future.

n2004al

legendary

Activity: 1134

Merit: 1000

Bitcoin debit card is yet to be known is most part of the world. There are to many few people that use those. Because to use those needed continues profits in bitcoin. And are to few the people who know bitcoin. To not speak for them who have the opportunity to have continuous profits in those.

ThEmporium

full member

Activity: 196

Merit: 100

Quote from: bananadines on June 24, 2015, 08:39:36 AM

i had xapo debit card but cancelled because of fees.. in the future when fees decreases use will become widespread

You can look at these fees structures seems bit worth than the other traders:

Embossed name on card : 0.10 BTC
Card activation :0.05 BTC
Card delivery via airmail : 0.05 BTC
Card delivery via DHL : 0.30 BTC
Monthly fee - FREE for the first 10000 users : 0.02 BTC
Monthly fee (no activity*) : 0.05 BTC
Cash withdrawal at ATM : 0.01 BTC
Payments (POS)    0.002 BTC

For more information refer to this link: https://bit-x.com/guide/bitx-cards

Anony

sr. member

Activity: 308

Merit: 250

Invest & Earn: https://cloudthink.io

Quote from: NeuroticFish on June 24, 2015, 07:25:11 AM

Quote from: ThEmporium on June 24, 2015, 07:21:28 AM

This sounds awesome, where can I purchase this officially. But I am afraid, in case of any transactions made through online fails, how will be the pay back methods. It needs complete security and reliability for the consumers and traders, if they fulfill such confidential things, then it is a real good deal.

Bit-X has BTC debit card, Xapo has BTC debit card.. they are easy to reach nowadays.

The memebers of Bit-X sig campaign can also get the Bit-X card without the issuing fee.
However, I'd advise you to look for the costs, on any card you want to check out.

Their are some countries where accepted bitcoin as currencies and assign as legal and allow to use bitcoin ATM.They approve for debit card as it is easy to use and allow bitcoin to purchase in cash at your local currencies as it is anonymous cash Grin

JarvisTechnology

sr. member

Activity: 350

Merit: 250

Quote from: HarHarHar9965 on June 24, 2015, 07:18:18 AM

I have friends using bitplastic and xapo, however their use is much less, more flashy. The card is pretty simple but I don't fund much future of them right now but a couple years later. What pisses me odd is that bitplastic still markets their debit cards saying they are the only ones offering bitcoin debit cards but they are so wrong.

Millions of people using Bitcoin debit card as it is completely safe to fund your cryptocurrency account with credit card and make withdrawal to credit card with it! Grin

As for withdrawal purpose it reduces the risks of the transactions(utility bills,internet shopping etc.) as of funding Bitcoin using Credit card, so verification will be much simplier. Grin

bryant.coleman

legendary

Activity: 3752

Merit: 1217

I am using a Bit-x debit card. So far, I have used it only for withdrawing money, and not for any online shopping. It is tricky sometimes. Different banks seems to have different exchange rates, and some of them have additional charges. But my overall experience has been positive. I'll continue to use it for the foreseeable future.

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

Quote from: Clint on June 27, 2015, 10:55:08 AM

I have a btc debit card, never used it though, because the price are so high!! I have friends who like the concept but I just can't afford it.

Well that doesnt seam like a smart choice either, since there is inactivity fee @ bit-x of 0,05 bitcoins, if i'm not mistaken?
Isn't it better for you to atleast make 1-2 transactions to avoid that inactivity fee?

cheers

gr8n8

full member

Activity: 144

Merit: 100

Quote from: NeuroticFish on June 24, 2015, 07:25:11 AM

Quote from: ThEmporium on June 24, 2015, 07:21:28 AM

This sounds awesome, where can I purchase this officially. But I am afraid, in case of any transactions made through online fails, how will be the pay back methods. It needs complete security and reliability for the consumers and traders, if they fulfill such confidential things, then it is a real good deal.

Bit-X has BTC debit card, Xapo has BTC debit card.. they are easy to reach nowadays.

The memebers of Bit-X sig campaign can also get the Bit-X card without the issuing fee.
However, I'd advise you to look for the costs, on any card you want to check out.

coinjar also offers cards they call it swipe

HarHarHar9965

hero member

Activity: 994

Merit: 1000

Quote from: ThEmporium on June 24, 2015, 07:21:28 AM

This sounds awesome, where can I purchase this officially. But I am afraid, in case of any transactions made through online fails, how will be the pay back methods. It needs complete security and reliability for the consumers and traders, if they fulfill such confidential things, then it is a real good deal.

If the transactions fails and you don't get recredited, you can sue your provider really good. Don't worry about that, but I don't understand the use of such cards right now, in 2015. It might be much more useful in the coming years when the transaction feels won't be as high as it is at the moment, when the bitcoin will hold more adoption and more value.

stallion

full member

Activity: 182

Merit: 100

What will you do with a debit card of a currency which isn't even widely accepted and used yet, man? You need to shut the fuck up and hold on your btc, make initiatives to make the world to adopt bitcoins and then you go and get a debit card. They're fucking useless at the moment. The fees are so high, what's the point of getting a card?

Topic: How many people are using Bitcoin debit card? - page 8. (Read 10611 times)