Lack of Bitcoin debit card providers - page 2.

AdolfinWolf

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Quote from: gentlemand on April 26, 2019, 07:27:46 PM

Quote from: AdolfinWolf on April 26, 2019, 07:50:31 AM

Anyways, how does this all work, since the providers of these cards most likely get them from VISA, what will happen if they go out of business? Will my money in those cards vanish into thin air or?

When all the Wavecrest cards shut down, Xapo, Bitpay etc you had to apply to them for a cheque to be sent to you.

Whoever's supplying the card, the fiat will be sitting in their bank account. I have zero faith in some no mark coughing up and I'd never bother with an unknown card provider. I can't see there being any type of official protection. Any random prick can become a card provider. Visa don't care until they do.

That sucks. I was just thinking of getting a virtual card from Cryptopay.me , and still are. Just trying to calculate if the risks offset the upside (anonymous VISA card..)

Not sure yet.. Undecided

Anyone know https://cryptopay.me/bitcoin-debit-card, or has a better alternative? I'd love to hear it.

gentlemand

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Quote from: noormcs5 on April 27, 2019, 05:28:31 AM

In 2017/18, many ICO started to claim that they will start the bitcoin debit card service and collected huge amount of money. Once the ICO were over, they just packed their bags of money and did not further developed their project. This made people lack of interest in companies claiming to release bitcoin debit card.
Also the bitcoin debt cards can only be used in the countries who have made bitcoin legal. You cannot just use the bitcoin debt card publicly if the bitcoin is prohibited in your country.

Any debit card that started off claiming it needed a token should never have attracted one penny of anyone else's money. There seem to have been a lot of them too. The only reason you need a token is to steal money from your future non customers.

Of course you can use a Bitcoin debit card publicly anywhere in the world because there is no such thing as a Bitcoin debit card, it's a Visa card pre funded with fiat by a Bitcoin sale and Visa is usable almost everywhere.

You won't be able to get one issued to you any more if you live in places like Bangladesh, but someone coming from elsewhere can use it just fine.

noormcs5

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Quote from: jumiapaul on April 26, 2019, 03:57:40 AM

There are several reasons as to why bitcoin debit card are scares. I believe if it was a profitable venture for entrepreneurs, then it would have been a prevalent mode of business.
One of the reasons why it would be difficult to give a bitcoin debit card is due to the volatility of the market.
Another reason is due to the regulations which has made the use of Bitcoin prohibited in some countries.

In 2017/18, many ICO started to claim that they will start the bitcoin debit card service and collected huge amount of money. Once the ICO were over, they just packed their bags of money and did not further developed their project. This made people lack of interest in companies claiming to release bitcoin debit card.
Also the bitcoin debt cards can only be used in the countries who have made bitcoin legal. You cannot just use the bitcoin debt card publicly if the bitcoin is prohibited in your country.

virasog

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Quote from: bitbunnny on April 21, 2019, 02:19:22 AM

I don't know if you use Bitcoin debit cards but to my opinion there is serious lack of their providers in the market. In one moment we had a flood of such cards that appeared (Xapo, Advcash, Mistertango, Wirex) and when Visa pulled back their services many gave up permanently.
Now I think that only Wirex has a properly working card.

To my opinion there are many users interested in crypto debit cards services but still there are no new providers appearing at the market. What do you think that is reason for that and will that change in the future?

The Bitcoin debit card trend is not yet started and also there is not much need of it as of today. Since you can do the transactions directly through wallets, the only need for bitcoin debit card is when you need to convert your Bitcoin into Fiat Currency. Maybe the Visa or Mastercard need to rethink and integate bitcoin with thier services and then we may see a rise in the number of compainices who will also offer Bitcoin Debit cards.

gentlemand

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Quote from: AdolfinWolf on April 26, 2019, 07:50:31 AM

Anyways, how does this all work, since the providers of these cards most likely get them from VISA, what will happen if they go out of business? Will my money in those cards vanish into thin air or?

When all the Wavecrest cards shut down, Xapo, Bitpay etc you had to apply to them for a cheque to be sent to you.

Whoever's supplying the card, the fiat will be sitting in their bank account. I have zero faith in some no mark coughing up and I'd never bother with an unknown card provider. I can't see there being any type of official protection. Any random prick can become a card provider. Visa don't care until they do.

alyssa85

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Quote from: gentlemand on April 21, 2019, 06:17:18 AM

No cryto debit card is ever actually handled by a crypto company. They're all operated by third party Visa issuers. The reason there used to be so many is that almost all of them were issued by the same company who glued a different label on each one.

And this is basically the problem with bitcoin debit cards. They plug into the VISA system, when bitcoin was really meant to be a separate payment system.

If you want to spend bitcoin, it be better to make an effort to find retailers that accept bitcoin direct. If people start buying things with bitcoin, other retailers will also enable payment by crypto and pretty soon we won't need Visa at all.

BITVISA

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Quote from: AdolfinWolf on April 26, 2019, 07:50:31 AM

Quote from: BITVISA on April 26, 2019, 07:34:33 AM

Dear
If you looking for bitcoin and cryptocurrency supported Debit or Credit card, you can order card from us, BITVISA: https://bitvisa.cc/
Our topic in bitcointalk here: https://bitcointalksearch.org/topic/bitvisa-bitcoin-prepaid-debit-card-anonym-card-worldwide-available-5113581

your site doesn't strike me as looking particularly trustworthy...?
And to order your basic level card, which can load up to 250$ MAX, i have to pay 69EUR for the card alone, with no VCC available? Doesn't sound like a very good deal to me, compared to the site linked above. *(Although that site sounds a bit too good to be true*)

Anyways, how does this all work, since the providers of these cards most likely get them from VISA, what will happen if they go out of business? Will my money in those cards vanish into thin air or?

If you want bigger limits, card can be upgrade to bigger level.

AdolfinWolf

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Quote from: BITVISA on April 26, 2019, 07:34:33 AM

Dear
If you looking for bitcoin and cryptocurrency supported Debit or Credit card, you can order card from us, BITVISA: https://bitvisa.cc/
Our topic in bitcointalk here: https://bitcointalksearch.org/topic/bitvisa-bitcoin-prepaid-debit-card-anonym-card-worldwide-available-5113581

your site doesn't strike me as looking particularly trustworthy...?
And to order your basic level card, which can load up to 250$ MAX, i have to pay 69EUR for the card alone, with no VCC available? Doesn't sound like a very good deal to me, compared to the site linked above. *(Although that site sounds a bit too good to be true*)

Anyways, how does this all work, since the providers of these cards most likely get them from VISA, what will happen if they go out of business? Will my money in those cards vanish into thin air or?

BITVISA

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Dear
If you looking for bitcoin and cryptocurrency supported Debit or Credit card, you can order card from us, BITVISA: https://bitvisa.cc/
Our topic in bitcointalk here: https://bitcointalksearch.org/topic/bitvisa-bitcoin-prepaid-debit-card-anonym-card-worldwide-available-5113581

AdolfinWolf

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What's up with Bitpay? - https://bitpay.com/card/

I was actually not looking for a physical card, but rather a virtual one to complete some purchases on sites that only accept VISA/Mastercard.
Didn't expect it to be this hard.

The closest that i was able to find was https://www.mycard2go.com/en/faq#card but they limit purchases up to 100 EUR and don't accept BTC..

Are there any options available for cards without KYC that accept BTC at all?

Quote from: Lucius on April 21, 2019, 09:05:43 AM

I know that Wirex is most used recenty, is someone using this card maybe? https://paycent.com/

Paycent doesn't list Bitcoin, and i'm not sure, but i think they only accept Visa/Mastercard payments, which is quite ironic? (+ They require KYC)..?

Quote from: gocryptowise on April 22, 2019, 09:39:28 AM

Looking to add new debit cards to review to our site, which ones should we be reviewing first? Thanks

Site is this one btw, no one have to visit it

https://gocryptowise.com/debit-cards/

Now this looks promising... https://cryptopay.me/bitcoin-debit-card/ 1000 EUR for unverified accounts, and the fees don't seem to bad..

Has anyone tried these guys?

jumiapaul

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There are several reasons as to why bitcoin debit card are scares. I believe if it was a profitable venture for entrepreneurs, then it would have been a prevalent mode of business.
One of the reasons why it would be difficult to give a bitcoin debit card is due to the volatility of the market.
Another reason is due to the regulations which has made the use of Bitcoin prohibited in some countries.

elisabetheva

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Although there may be a lot of developing bitcoin debit, I think there are still many who might still be confused about its use because the value of bitcoin is always changing. and maybe it is still easier to use a credit card (visa / master), or a conventional bank debit card because it is definitely certain of the convenience obtained.

jvdp

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Main stream adoption on bitcoin by visa gonna pass soon. So we should say that bitcoin debit is not that much lacking among the crypto users. There are plenty of crypto debit card providers available in the market.
Advcash
Bitpay
Coingate
Coinbase(coming soon)
Wirex
Spectrocoin

So soon any ICO will come with the name idea of debit card providing but lets see home come people gonna give the interest for it.

stfN2128

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Quote from: Slow death on April 24, 2019, 11:27:07 AM

Quote from: stfN2128 on April 21, 2019, 10:48:18 AM

bitwala has started their "full blockchain banking" services some weeks ago.

it seems to me that they do not send their cards to all the countries in the world, so I still do not see them as something that changes anything

Quote from: stfN2128 on April 21, 2019, 10:48:18 AM

Tenx has started lately to send out their cards.

But:

https://tenx.tech/en/card

They also do not send their cards to all the countries in the world.

Quote from: Lucius on April 21, 2019, 09:05:43 AM

is someone using this card maybe? https://paycent.com/

I'm considering using their cards, but I still need to do some research

ah ok, thanks for clarification. it seems tenx is still way behind wirex. they are working very very slow Roll Eyes

its a bit curious that they only offer their cards to this small circle of countries. do they have give a timeline or date? or only this "soon" message?

LeGaulois

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Quote from: eternalgloom on April 25, 2019, 02:54:40 AM

I've recently started using a Bitcoin debit card that's not actually marketed as a Bitcoin debit card, namely the one from Neteller.
Aside from supporting Bitcoin, it also supports about a dozen other payment methods to load up your card, like bank transfer, Paypal, various local payment options (Ideal, Bancontact, etc.), ...

They do charge a 2.5% fee for depositing Bitcoins, but other than that the fees are pretty limited.

Have you ever made a Bitcoin deposit and then withdrawn money to the ATM with the card?
Because I always believed that with Neteller we could only deposit (wallet only) and it was not possible to convert it to $/€/£ and then withdraw the money with the card.

eternalgloom

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I've recently started using a Bitcoin debit card that's not actually marketed as a Bitcoin debit card, namely the one from Neteller.
Aside from supporting Bitcoin, it also supports about a dozen other payment methods to load up your card, like bank transfer, Paypal, various local payment options (Ideal, Bancontact, etc.), ...

They do charge a 2.5% fee for depositing Bitcoins, but other than that the fees are pretty limited.

Slow death

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Quote from: stfN2128 on April 21, 2019, 10:48:18 AM

bitwala has started their "full blockchain banking" services some weeks ago.

it seems to me that they do not send their cards to all the countries in the world, so I still do not see them as something that changes anything

Quote from: stfN2128 on April 21, 2019, 10:48:18 AM

Tenx has started lately to send out their cards.

But:

https://tenx.tech/en/card

They also do not send their cards to all the countries in the world.

Quote from: Lucius on April 21, 2019, 09:05:43 AM

is someone using this card maybe? https://paycent.com/

I'm considering using their cards, but I still need to do some research

gocryptowise

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Looking to add new debit cards to review to our site, which ones should we be reviewing first? Thanks

Site is this one btw, no one have to visit it

https://gocryptowise.com/debit-cards/

NeuroticFish

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Quote from: stfN2128 on April 21, 2019, 10:48:18 AM

bitwala has started their "full blockchain banking" services some weeks ago

AdvCash also teasing (started teasing in 1st of March) that they'll have their cards back soon. How soon, no one knows, but they are getting close.
TenX is Singapore only, they move way too slow.

I think that since the market doesn't look so bearish now, more card companies will pop up. As soon as people get on profit, they'll be more eager to spend.

Lucius

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Quote from: bitbunnny on April 21, 2019, 06:44:55 PM

Someone has memtioned that he is not using card because of favourable exchanges. To my opinion crypo debit cards are much better because exchange is done automaticly and there is no need for the bank account to be involved.

I mentioned that in my post, and it is great advantage for me just for fact there is no KYC, and that means my personal data are not exposed. It is true that converting crypto in fiat via cards is very desirable way for many, but all your fiat transaction go through a bank or banks. Some often think that using cards can make them invisible to tax service, but card provider is using some bank, and you give all your data in order to use such service. It's the same as opening an bank account in some foreign country.

Topic: Lack of Bitcoin debit card providers - page 2. (Read 522 times)