I just ordered one after seeing that they got rid of the inactivity fee. I was hesitant because of the huge signature campaign and for some reason I have equated signature campaigns with scammers, maybe because of the amount of people who post just for their signature campaign.
As for a 1% spending fee. Just realize that for the majority of Bitcoin's lifespan the price has tended in an upward direction. The fact that it is a limited supply means this will always true if it is adopted as a means of spending money. So consider the price of Bitcoin between when you were paid and when you went to spend your money. Has the price gone up?
The last time I was paid the price was $281/BTC. At the price of $283.81/BTC any spending with the card would equal the 1% fee. At the current ($288/BTC) price anything I spend is more than I received in my paycheck. And if the price goes down...I hold off on spending until it either goes up or after my next paycheck when I'm buying lower.
I used my ANX debit card for the first time this week. It worked but not as well as the bit-x card. I put $250 on it when the price was $245/BTC and it gave me a rate of $235/BTC. A rate that's way too high and it locks your dollar amount in.
As for those that don't want to spend your bitcoins...does that mean you are spending your fiat? Instead of buying bitcoins with that fiat?
Topic: I just tested out a bitcoin debit card and it worked! - page 2. (Read 3829 times)
Does it have a VISA / Mastercard logo on it, and obviously, CC#?
This looks like the same card as the Bit-X one (called the Nanocard), but it looks like it's cheaper to get it from CCEDK? Saw some announcements about a CCEDK and Bit-X partnership a while back. Looks like this is what it was about. I also don't see an option to add your name to the card on CCEDK.
I will be ordering a Bit-X card soon and hope to try it out on a day-to-day basis.
I will be ordering a Bit-X card soon and hope to try it out on a day-to-day basis.
The more feedback these cards get the more people will adapt and it will spread the word of Bitcoin. Nice.
ehm i doubt, the fee are ridiculous high, people are not that willing to pay so high fee only for bitcoin when they can use their fiat scam and paying almost zero or zero(at least this is true for me)
I registered an account in CCDEDK and ordered the bitcoin debit card. I activated the card in bit-x.com for 0.05 bitcoins and transferred 0.2 bitcoins to there for testing purposes. I did not verify my account.
Yesterday I went out and was able to withdraw 5 euros from some random ATM and later I bought a 2.8 EUR beer from a pub paying with the bit-x debit card. Everything worked flawlessly, although I was not able to check my balance in the ATM since that operation failed. My bit-x account balance is constantly changing with the price of bitcoin, so this truly is the kind of debit card we have been waiting for.
You can now pay with bitcoins everywhere where debit card is accepted. I am not affiliated with the named companies in any way. I am just writing about this because yesterday was a historic day for me and I've been waiting for such a debit card for years. You can now maul all bitcoin sceptics who think that this magic internet money is not accepted anywhere by showing them your bitcoin debit card and laughing at them and their worthless fiat that loses value every day.
Yesterday I went out and was able to withdraw 5 euros from some random ATM and later I bought a 2.8 EUR beer from a pub paying with the bit-x debit card. Everything worked flawlessly, although I was not able to check my balance in the ATM since that operation failed. My bit-x account balance is constantly changing with the price of bitcoin, so this truly is the kind of debit card we have been waiting for.
You can now pay with bitcoins everywhere where debit card is accepted. I am not affiliated with the named companies in any way. I am just writing about this because yesterday was a historic day for me and I've been waiting for such a debit card for years. You can now maul all bitcoin sceptics who think that this magic internet money is not accepted anywhere by showing them your bitcoin debit card and laughing at them and their worthless fiat that loses value every day.
this is definitely a good step forward, but for ever opionion debit cards bitcoins have the fee too high, i prefer sold my btc to my debit or credit card and then spend it
I registered an account in CCDEDK and ordered the bitcoin debit card. I activated the card in bit-x.com for 0.05 bitcoins and transferred 0.2 bitcoins to there for testing purposes. I did not verify my account.
Yesterday I went out and was able to withdraw 5 euros from some random ATM and later I bought a 2.8 EUR beer from a pub paying with the bit-x debit card. Everything worked flawlessly, although I was not able to check my balance in the ATM since that operation failed. My bit-x account balance is constantly changing with the price of bitcoin, so this truly is the kind of debit card we have been waiting for.
You can now pay with bitcoins everywhere where debit card is accepted. I am not affiliated with the named companies in any way. I am just writing about this because yesterday was a historic day for me and I've been waiting for such a debit card for years. You can now maul all bitcoin sceptics who think that this magic internet money is not accepted anywhere by showing them your bitcoin debit card and laughing at them and their worthless fiat that loses value every day.
Yesterday I went out and was able to withdraw 5 euros from some random ATM and later I bought a 2.8 EUR beer from a pub paying with the bit-x debit card. Everything worked flawlessly, although I was not able to check my balance in the ATM since that operation failed. My bit-x account balance is constantly changing with the price of bitcoin, so this truly is the kind of debit card we have been waiting for.
You can now pay with bitcoins everywhere where debit card is accepted. I am not affiliated with the named companies in any way. I am just writing about this because yesterday was a historic day for me and I've been waiting for such a debit card for years. You can now maul all bitcoin sceptics who think that this magic internet money is not accepted anywhere by showing them your bitcoin debit card and laughing at them and their worthless fiat that loses value every day.
How does the credit card set its limit for overdrawing and how to evaluate this credit of the applicant?
I also have a card from xmlgold.eu and I transfer my bitcoin on their site from ecoin.eu (trading platform) and it works like charm! Although I still haven't verified it yet due to my passport is still in process.
The more feedback these cards get the more people will adapt and it will spread the word of Bitcoin. Nice.
wow nice exprience iam looking for some testimonial about bitcoin debit card,i think this is good way to spend our bitcoin in merchant but i want to ask you some question about bitcoin debit card.
1. The first questionis there are some people ( most of them never using it before) who said that the fee of the bitcoin debit card is very high,so what do you think about it and any solution?
2. And the last question as i know that in my country i cant buy anything at physical market or merchant with real bitcoin,is there a chance i using this card for make purchase at that merchant ?
1. The first questionis there are some people ( most of them never using it before) who said that the fee of the bitcoin debit card is very high,so what do you think about it and any solution?
2. And the last question as i know that in my country i cant buy anything at physical market or merchant with real bitcoin,is there a chance i using this card for make purchase at that merchant ?
Sounds tempting, but my concern would be who holds the private keys to the wallet? From what I can tell, it sounds like it's the card provider. I guess it's not a huge deal if you've just got a small amount of spending money on there, but once people start to get complacent, they might start leaving larger sums on there and that tends to be when all hell breaks loose. Is it really progress if you're reintroducing trust into a trustless system?
You are right. I would never hold more bitcoins there than I can afford to lose in case of a hack. Ideally, I would send the bitcoins to my account prior to spending them.
On the one hand, there's bound to be someone who eventually figures out how to make it so we can tie a card to wallets we hold the keys to. Probably won't be too long before that happens. But even then, it would still not be suitable for large sums, since the card details themselves effectively become the private key. It's that whole push vs pull thing. We've become accustomed to 'pull' as it's generally more convenient, but once someone has the card details, they can move funds without the holder's prior knowledge or consent. There must be a happy medium to be struck somewhere in all that, but we haven't found it yet.
Sounds tempting, but my concern would be who holds the private keys to the wallet? From what I can tell, it sounds like it's the card provider. I guess it's not a huge deal if you've just got a small amount of spending money on there, but once people start to get complacent, they might start leaving larger sums on there and that tends to be when all hell breaks loose. Is it really progress if you're reintroducing trust into a trustless system?
You are right. I would never hold more bitcoins there than I can afford to lose in case of a hack. Ideally, I would send the bitcoins to my account prior to spending them.
Sounds tempting, but my concern would be who holds the private keys to the wallet? From what I can tell, it sounds like it's the card provider. I guess it's not a huge deal if you've just got a small amount of spending money on there, but once people start to get complacent, they might start leaving larger sums on there and that tends to be when all hell breaks loose. Is it really progress if you're reintroducing a trusted third party into a system that's more secure without them?
Thanks for sharing your experiences. I'll probably get a BTC card someday, but I guess I'll wait a little till the fees get lower, and the yearly limit gets higher. €250 or even €2500, that's not much!
Looks like Onebit will far excel Bitcoin debit cards.
I hate credit cards. There's a difference between credit and debit cards you know. Also I hate smartphones. This onebit does not far excel bitcoin debit cards but you are free to have your opinion.
Looks like Onebit will far excel Bitcoin debit cards.
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Residents of the following countries can order a card but may not raise limits above the "without any verification" limits due to Financial Action Task Force (FATF) and Central Bank restrictions.
Afghanistan, Albania, Algeria, Angola, Cambodia, Democratic Peoples's Republic of Korea (DPRK), Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Lao PDR, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Sudan, Syria, Uganda, USA, Yemen, Zimbabwe.
Afghanistan, Albania, Algeria, Angola, Cambodia, Democratic Peoples's Republic of Korea (DPRK), Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Lao PDR, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Sudan, Syria, Uganda, USA, Yemen, Zimbabwe.
USA, land of the free!
How the times have changed.....
A couple of years back you HAD to be living in the USA to be able to get your hands on anything 'new' and now more and more countries are excluding the US as they have to jump through one hoop after the other to keep old uncle sam happy in his efforts to monitor every single aspects of his citizens lives.
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Residents of the following countries can order a card but may not raise limits above the "without any verification" limits due to Financial Action Task Force (FATF) and Central Bank restrictions.
Afghanistan, Albania, Algeria, Angola, Cambodia, Democratic Peoples's Republic of Korea (DPRK), Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Lao PDR, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Sudan, Syria, Uganda, USA, Yemen, Zimbabwe.
Afghanistan, Albania, Algeria, Angola, Cambodia, Democratic Peoples's Republic of Korea (DPRK), Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Lao PDR, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Sudan, Syria, Uganda, USA, Yemen, Zimbabwe.
USA, land of the free!
They seems to fit in quite good in that company...
Quote
Residents of the following countries can order a card but may not raise limits above the "without any verification" limits due to Financial Action Task Force (FATF) and Central Bank restrictions.
Afghanistan, Albania, Algeria, Angola, Cambodia, Democratic Peoples's Republic of Korea (DPRK), Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Lao PDR, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Sudan, Syria, Uganda, USA, Yemen, Zimbabwe.
Afghanistan, Albania, Algeria, Angola, Cambodia, Democratic Peoples's Republic of Korea (DPRK), Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Lao PDR, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Sudan, Syria, Uganda, USA, Yemen, Zimbabwe.
USA, land of the free!
No, this card also has fees so high that it's unusable.
Even if you manage to avoid monthly fees:
- for each purchase made with the card you pay 0.002 BTC + 1% fee
- for each ATM withdrawal you pay 0.01 BTC + 3% fee
https://bit-x.com/guide/bitx-cards
Even if you manage to avoid monthly fees:
- for each purchase made with the card you pay 0.002 BTC + 1% fee
- for each ATM withdrawal you pay 0.01 BTC + 3% fee
https://bit-x.com/guide/bitx-cards
I guess you and I have different definitions for the word unusable. I personally think that 1% fee is nothing in comparison to the privilege of having live bitcoins on your debit card. I'm not going to switch 100% on this card but I will use up my limits for an extra pocket money while remaining somewhat under the radar for the powers that like to spy on people and on their purchases.
No, this card also has fees so high that it's unusable.
Even if you manage to avoid monthly fees:
- for each purchase made with the card you pay 0.002 BTC + 1% fee
- for each ATM withdrawal you pay 0.01 BTC + 3% fee
https://bit-x.com/guide/bitx-cards
Even if you manage to avoid monthly fees:
- for each purchase made with the card you pay 0.002 BTC + 1% fee
- for each ATM withdrawal you pay 0.01 BTC + 3% fee
https://bit-x.com/guide/bitx-cards
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