Spending Bitcoins - page 70. | Bitcointalksearch.org

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Quote from: sotoshihero on November 24, 2016, 01:44:30 AM

Quote from: panju1 on November 23, 2016, 11:17:17 AM

Quote from: Supercrypt on November 22, 2016, 01:54:01 PM

Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards.

The primary advantage of Bitcoin is the removal of the middle man, a.k.a the bank.
If you are going to use a debit card, with loading and other fees, the whole purpose of removing the middle man is defeated.

I think this is also one of the reasons why bitcoin was created. An alternative currency to be used on internet where decentralization is one of the feature.Now, sending or paying someone over the net using bitcoin is cheaper compared to other site.

It is and you are right. You are in the right place as well since bitcoin is very progressive now and people are coming in to use the system to help their daily lives.

sotoshihero

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Quote from: panju1 on November 23, 2016, 11:17:17 AM

Quote from: Supercrypt on November 22, 2016, 01:54:01 PM

Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards.

The primary advantage of Bitcoin is the removal of the middle man, a.k.a the bank.
If you are going to use a debit card, with loading and other fees, the whole purpose of removing the middle man is defeated.

I think this is also one of the reasons why bitcoin was created. An alternative currency to be used on internet where decentralization is one of the feature.Now, sending or paying someone over the net using bitcoin is cheaper compared to other site.

Yuuto

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Quote from: wxa7115 on November 23, 2016, 06:10:14 PM

Quote from: Supercrypt on November 22, 2016, 01:54:01 PM

Quote from: wxa7115 on November 22, 2016, 12:16:45 PM

Quote from: dothebeats on November 20, 2016, 11:54:59 AM

We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.

While we can use debit cards loaded with bitcoin I think that defeats the purpose of using bitcoin and its not exactly what most people here will want to do since we want to pay with bitcoin directly.

Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards. Because people will send bitcoin to the bitcoin debit card provider instead of sending them to a merchants. But when we are considering the advantages of bitcoin debit card, I believe we need to ignore any hesitation of spending bitcoins 'indirectly'.

I'm not saying there is anything wrong with it but some people here in the forum will probably like to avoid dealing with the banks at all, and we will like to spend our bitcoin directly instead.

I would definitely try to avoid dealing with the banks whenever possible because bitcoin is invented to replace the existing centralised banking system in the first place. Banks freeze accounts without warning and without reason.

Bitcoin is designed to be spent, so use it to actually do day to day purchases. Explain it to your local grocer... See if you can get him to accept it Cheesy

wxa7115

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Bitcoin is GOD

Quote from: Supercrypt on November 22, 2016, 01:54:01 PM

Quote from: wxa7115 on November 22, 2016, 12:16:45 PM

Quote from: dothebeats on November 20, 2016, 11:54:59 AM

We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.

While we can use debit cards loaded with bitcoin I think that defeats the purpose of using bitcoin and its not exactly what most people here will want to do since we want to pay with bitcoin directly.

Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards. Because people will send bitcoin to the bitcoin debit card provider instead of sending them to a merchants. But when we are considering the advantages of bitcoin debit card, I believe we need to ignore any hesitation of spending bitcoins 'indirectly'.

I'm not saying there is anything wrong with it but some people here in the forum will probably like to avoid dealing with the banks at all, and we will like to spend our bitcoin directly instead.

Maxsumi

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Spending bitcoins is not good right now and I would not do it to be honest because of the fact that the bitcoin is gonna rise to a higher amount so I do not think its worth it if you are asking me.

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Quote from: bitkilo on November 20, 2016, 02:36:50 PM

Quote from: Mastsetad on November 20, 2016, 12:05:46 PM

Quote from: dothebeats on November 20, 2016, 11:54:59 AM

We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.

I personally looked up many bitcoin debit cards but did not order one as their fees are too high for someone like me, i'm not a professional bitcoin earner so if i pay 3% everytime spending my bitcoins it would take away all what i might have, i prefer converting them to fiat and spending them then.

No bitcoin debit card should be charging 3% just to use the card, a couple of them will charge 1% to load the card but never to spend.
ATM's will charge fees to use their machines but thats different.

Do you know how much you have to pay in fees when converting to fiat?

I looked at every available bitcoin debit card and their fees, it says that if you are using an ATM for cashing out some money then you should remember that if you are cashing out a currency that is not the default currency of your card which most of the times is USD, so it will charge you 3% currency exchange fees as well and it will also charge you the fees for using ATM.

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Quote from: Tanic on November 23, 2016, 11:33:16 AM

I use my bitcoins for some of my expances, just I don't spend it daily due to I have not so much bitcoins. First of all I am savinf some amount and then just cash it out on my card and spend it for the things I need. In my country also there is no place or services that would accept bitcoin as payment directly. But I hope such places will appear soon.

That's right. In my place its the same. there is no places where I can pay directly with bitcoins. If such places would appear it would be nice economy to me, because every time when I use exchanger then transfering money on my card i have to pay some % for such services. I wander how much money I already spend for this. So directly payment would stay me without unnecessary payments as taxes.

Tanic

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I use my bitcoins for some of my expances, just I don't spend it daily due to I have not so much bitcoins. First of all I am savinf some amount and then just cash it out on my card and spend it for the things I need. In my country also there is no place or services that would accept bitcoin as payment directly. But I hope such places will appear soon.

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Quote from: panju1 on November 23, 2016, 11:17:17 AM

Quote from: Supercrypt on November 22, 2016, 01:54:01 PM

Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards.

The primary advantage of Bitcoin is the removal of the middle man, a.k.a the bank.
If you are going to use a debit card, with loading and other fees, the whole purpose of removing the middle man is defeated.

Having bitcoin debit card worst idea according to me bevuade they have charge for using in ATM machines and monthly penalities. If you escrow for transfers it'd just one time of transactions.

panju1

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Quote from: Supercrypt on November 22, 2016, 01:54:01 PM

Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards.

The primary advantage of Bitcoin is the removal of the middle man, a.k.a the bank.
If you are going to use a debit card, with loading and other fees, the whole purpose of removing the middle man is defeated.

Fatanut

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Quote from: Shenzou on November 23, 2016, 06:14:22 AM

I would love to spend my bitcoin only if there was many places to do so the only places that do only sells things that i don't use on a regular bases i wish only there was a credit card that accepts bitcoin,and in my country people don't even know what bitcoin is so the chances of me using it is 0 i am just waiting for the day they make bitcoin an international currency so i can spend it Sad

Bitcoin is already an international currency. You can send to anyone regardless of their location in the world. There's a really simple solution to your problem. Get an ATM card at any bank and then connect that card to a local exchange website. When the price of bitcoin increased, convert your bitcoins into fiat by sending it to your ATM card. By that, you can finally use your bitcoin (in fiat form) in real life.

Shenzou

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I would love to spend my bitcoin only if there was many places to do so the only places that do only sells things that i don't use on a regular bases i wish only there was a credit card that accepts bitcoin,and in my country people don't even know what bitcoin is so the chances of me using it is 0 i am just waiting for the day they make bitcoin an international currency so i can spend it Sad

bitkilo

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Spending your bitcoins on everyday bills is easy with the company Living Room of Satoshi.
Daniel Alexiuc, CEO of the company is currently holding an AMA if you have any questions regarding paying bills with bitcoins: https://forum.bitcoin.com/ama-ask-me-anything/i-am-daniel-alexiuc-ceo-of-living-room-of-satoshi-ama-t12712.html

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Quote from: Mastsetad on November 20, 2016, 12:05:46 PM

Quote from: dothebeats on November 20, 2016, 11:54:59 AM

We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.

I personally looked up many bitcoin debit cards but did not order one as their fees are too high for someone like me, i'm not a professional bitcoin earner so if i pay 3% everytime spending my bitcoins it would take away all what i might have, i prefer converting them to fiat and spending them then.

yes its a good solution to converting our bitcoin into fiat and spend our money in real world. but for personally, i don't like to spend my bitcoin for just buying product that maybe not really important for me. i am feel better to save it into my wallet and i am waiting for a good price to sell it. i think its what other people do with their bitcoin but maybe the other people will spend their bitcoin with different purpose.

Supercrypt

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Quote from: wxa7115 on November 22, 2016, 12:16:45 PM

Quote from: dothebeats on November 20, 2016, 11:54:59 AM

We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.

While we can use debit cards loaded with bitcoin I think that defeats the purpose of using bitcoin and its not exactly what most people here will want to do since we want to pay with bitcoin directly.

Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards. Because people will send bitcoin to the bitcoin debit card provider instead of sending them to a merchants. But when we are considering the advantages of bitcoin debit card, I believe we need to ignore any hesitation of spending bitcoins 'indirectly'.

wxa7115

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Bitcoin is GOD

Quote from: dothebeats on November 20, 2016, 11:54:59 AM

We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.

While we can use debit cards loaded with bitcoin I think that defeats the purpose of using bitcoin and its not exactly what most people here will want to do since we want to pay with bitcoin directly.

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Quote from: groll on November 21, 2016, 02:18:04 AM

Quote from: Mastsetad on November 20, 2016, 12:05:46 PM

Quote from: dothebeats on November 20, 2016, 11:54:59 AM

We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.

I personally looked up many bitcoin debit cards but did not order one as their fees are too high for someone like me, i'm not a professional bitcoin earner so if i pay 3% everytime spending my bitcoins it would take away all what i might have, i prefer converting them to fiat and spending them then.

Were in the same situation. I also prefer to convert my earnings to fiat and spend it in buying my stuffs than to buy online using bitcoin or by using a credit card. I think I can save more by cashing out my money than by using a credit card for i have to pay a larger fee on it plus the interest to be payed. I think it's more practical for me to convert my bitcoin into cash and spend it.

I am not fun of spending my bitcoin online, I prefer to go in a store and select the items I like to buy. I just love bitcoin because it's an investment for me and my money have grown a significant amount when I started using bitcoin.

Caladonian

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Quote from: groll on November 21, 2016, 02:18:04 AM

Quote from: Mastsetad on November 20, 2016, 12:05:46 PM

Quote from: dothebeats on November 20, 2016, 11:54:59 AM

We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.

I personally looked up many bitcoin debit cards but did not order one as their fees are too high for someone like me, i'm not a professional bitcoin earner so if i pay 3% everytime spending my bitcoins it would take away all what i might have, i prefer converting them to fiat and spending them then.

Were in the same situation. I also prefer to convert my earnings to fiat and spend it in buying my stuffs than to buy online using bitcoin or by using a credit card. I think I can save more by cashing out my money than by using a credit card for i have to pay a larger fee on it plus the interest to be payed. I think it's more practical for me to convert my bitcoin into cash and spend it.

well if you are thinking for benefits yes that's the simplest way to use bitcoin but if thinking for how to help the chain and how to make more adoption i guess we also needed to support those online shop that cater bitcoin payments for them to succeed and be more helpful for more possible users in coming days.

groll

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Quote from: Mastsetad on November 20, 2016, 12:05:46 PM

Quote from: dothebeats on November 20, 2016, 11:54:59 AM

We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.

I personally looked up many bitcoin debit cards but did not order one as their fees are too high for someone like me, i'm not a professional bitcoin earner so if i pay 3% everytime spending my bitcoins it would take away all what i might have, i prefer converting them to fiat and spending them then.

Were in the same situation. I also prefer to convert my earnings to fiat and spend it in buying my stuffs than to buy online using bitcoin or by using a credit card. I think I can save more by cashing out my money than by using a credit card for i have to pay a larger fee on it plus the interest to be payed. I think it's more practical for me to convert my bitcoin into cash and spend it.

bitkilo

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https://www.bitcoin.com/

Quote from: Mastsetad on November 20, 2016, 12:05:46 PM

Quote from: dothebeats on November 20, 2016, 11:54:59 AM

We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.

I personally looked up many bitcoin debit cards but did not order one as their fees are too high for someone like me, i'm not a professional bitcoin earner so if i pay 3% everytime spending my bitcoins it would take away all what i might have, i prefer converting them to fiat and spending them then.

No bitcoin debit card should be charging 3% just to use the card, a couple of them will charge 1% to load the card but never to spend.
ATM's will charge fees to use their machines but thats different.

Do you know how much you have to pay in fees when converting to fiat?

Topic: Spending Bitcoins - page 70. (Read 101106 times)