Would You Use a Bitcoin Debit Card? | Bitcointalksearch.org

marcotheminer

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Quote from: ndnh on April 16, 2015, 03:15:08 PM

Quote from: marcotheminer on April 16, 2015, 02:49:43 PM

Quote from: ndnh on April 16, 2015, 02:45:47 PM

Beats the purpose of Bitcoin.. decentralization and anonymity.

I will stick to the usual card.

Edit: This is my unbiased honest opinion. Nothing to do with campaigns stuff. honestly.

Fair enough but at the moment it is a hassle to spend your bitcoins anywhere. It also beats the purpose of bitcoin if you can't/don't spend it!

Why would you use a usual card if you want decentralisation and anonymity?

I didn't say I don't spend bitcoins..

I certainly don't want to be anonymous in RL. Why should I be? lol. I will use the usual money/card. This is just my hobby. Wink

Edit: I did the math too. Too much fees for me.

Edit2: I don't use the card for a year, I get 0.6BTC fee??

Edit3: May be useful for someone who makes regualar purchases with bitcoin and has a good balance.

Quote

May be useful for someone who makes regular purchases with bitcoin and has a good balance.

Absolutely!

ndnh

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Quote from: marcotheminer on April 16, 2015, 02:49:43 PM

Quote from: ndnh on April 16, 2015, 02:45:47 PM

Beats the purpose of Bitcoin.. decentralization and anonymity.

I will stick to the usual card.

Edit: This is my unbiased honest opinion. Nothing to do with campaigns stuff. honestly.

Fair enough but at the moment it is a hassle to spend your bitcoins anywhere. It also beats the purpose of bitcoin if you can't/don't spend it!

Why would you use a usual card if you want decentralisation and anonymity?

I didn't say I don't spend bitcoins..

I certainly don't want to be anonymous in RL. Why should I be? lol. I will use the usual money/card. This is just my hobby. Wink

Edit: I did the math too. Too much fees for me.

Edit2: I don't use the card for a year, I get 0.6BTC fee??

Edit3: May be useful for someone who makes regualar purchases with bitcoin and has a good balance.

marcotheminer

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Quote from: ndnh on April 16, 2015, 02:45:47 PM

Beats the purpose of Bitcoin.. decentralization and anonymity.

I will stick to the usual card.

Edit: This is my unbiased honest opinion. Nothing to do with campaigns stuff. honestly.

Fair enough but at the moment it is a hassle to spend your bitcoins anywhere. It also beats the purpose of bitcoin if you can't/don't spend it!

Why would you use a usual card if you want decentralisation and anonymity?

ndnh

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Beats the purpose of Bitcoin.. decentralization and anonymity.

I will stick to the usual card.

Edit: This is my unbiased honest opinion. Nothing to do with campaigns stuff. honestly.

jdebunt

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Quote from: byt411 on April 16, 2015, 02:34:35 PM

That's interesting, I hadn't heard about that before. I only knew about Xapo, ANX and Bit-X, and NETELLEr, but that isn't a Bitcoin company.
Anyway, thanks, I'll check it out. Have you had any problems using this card?

No problems so far except finding shops that accept credit cards

Not all stores here in Belgium do so, especially not local grocery shops - despite being a bigger brand - as they do not process a transaction with a credit card.

Just make sure you activate it over the phone, remember your PIN code and off you go

byt411

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Quote from: jdebunt on April 16, 2015, 01:42:51 PM

Quote from: byt411 on April 16, 2015, 01:32:35 PM

Hey jdebunt, can you tell me which card you are using?

Sure can

I own the E-Coin debit card, issued by the same bank as Xapo's Bitcoin debit card.

website is http://e-coin.io , cards are available right now (no waiting time)

That's interesting, I hadn't heard about that before. I only knew about Xapo, ANX and Bit-X, and NETELLEr, but that isn't a Bitcoin company.
Anyway, thanks, I'll check it out. Have you had any problems using this card?

jdebunt

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Quote from: byt411 on April 16, 2015, 01:32:35 PM

Hey jdebunt, can you tell me which card you are using?

Sure can

I own the E-Coin debit card, issued by the same bank as Xapo's Bitcoin debit card.

website is http://e-coin.io , cards are available right now (no waiting time)

byt411

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Quote from: jdebunt on April 11, 2015, 06:23:38 AM

I actually used one of my Bitcoin debit cards today (not the Bit-X one) to pay 35 euro in groceries.

It works just like any other card, although there is always a transaction fee to be aware of.

Plus, current cards are not linked to your Bitcoin wallet, so you need to add funds manually before spending anything.

Other than that, it could have a great future

Hey jdebunt, can you tell me which card you are using?

Deathwing

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Quote from: marcotheminer on April 15, 2015, 10:04:09 AM

Quote from: Deathwing on April 15, 2015, 10:01:11 AM

I would and i will, I do use cards on my online purchases, but to get that i need to change my Bitcoin to fiat then deposit it ot card and that takes A LOT of my time. So, having a Bitcoin Debit Card would be easier than that, send your Bitcoins to card... DONE.

You don't even need to send bitcoins to your card with Bit-X's debit card, just have a balance in your account!

Even better! Also, because that you can use it on Physical POS and even withdraw "CASH" from ATMs' (nah, too unnecessary) i can give Bit-X Debit Card a bonus point.

marcotheminer

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Quote from: Deathwing on April 15, 2015, 10:01:11 AM

I would and i will, I do use cards on my online purchases, but to get that i need to change my Bitcoin to fiat then deposit it ot card and that takes A LOT of my time. So, having a Bitcoin Debit Card would be easier than that, send your Bitcoins to card... DONE.

You don't even need to send bitcoins to your card with Bit-X's debit card, just have a balance in your account!

Deathwing

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I would and i will, I do use cards on my online purchases, but to get that i need to change my Bitcoin to fiat then deposit it ot card and that takes A LOT of my time. So, having a Bitcoin Debit Card would be easier than that, send your Bitcoins to card... DONE.

marcotheminer

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Quote from: Sarahiko on April 11, 2015, 11:47:25 AM

I would if i have a large amount of bitcoin to spend on something but BTC debit card that are being offered have a very high fee

That's fair enough.

Sarahiko

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I would if i have a large amount of bitcoin to spend on something but BTC debit card that are being offered have a very high fee

yeponlyone

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Quote from: marcotheminer on April 11, 2015, 02:57:18 AM

Quote from: yeponlyone on April 11, 2015, 02:33:47 AM

Quote from: marcotheminer on April 10, 2015, 08:35:16 AM

Quote from: Oscilson on April 10, 2015, 05:30:58 AM

The fee is the main issue here. When it is reduced to below visa or master, I will use it.

That'll only ever happen if the business wants to give away free coins and/or go out of business.

Visa/MasterCard will charge fees as would be expected and usually the business providing the card will too.

Of course, fees can be lowered by certain amounts!

how low can it go? bit-x.com cards have ridiculously high fees of 0.01btc+mastercard fees for POS transactions. Imagine going to purchase a coffee at your local starbucks and you have to spend $7 and 0.01BTC($2)+mastercard fees just for a cup of coffee. this is the main thing why people aren't that interested in a bitcoin debit card.

I don't really hear of anyone using any sort of card for tiny transactions like buying a coffee. Their intended use (from my experience at least) is usually above $100, more for ATM withdrawals.

Pro tip: Don't buy starbucks coffee if you're worried about spending too much Wink

I agree with your last line haha.

But still, people could still use it for groceries if they run out of cash and there are no ATMs nearby. Wouldn't it be a loss if you only have bitx card and have to pay 0.01BTC? For ATM withdrawals, I dont think it's that practical since you have to pay higher fees and you have a limit.

jdebunt

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Quote from: marcotheminer on April 11, 2015, 06:28:48 AM

That's where Bit-X is different. It is a true debit card (linked to your wallet) so there is no need to top up your card manually!

Hmm...most interesting indeed.....Let's talk on Skype Wink

marcotheminer

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Quote from: jdebunt on April 11, 2015, 06:23:38 AM

I actually used one of my Bitcoin debit cards today (not the Bit-X one) to pay 35 euro in groceries.

It works just like any other card, although there is always a transaction fee to be aware of.

Plus, current cards are not linked to your Bitcoin wallet, so you need to add funds manually before spending anything.

Other than that, it could have a great future

That's where Bit-X is different. It is a true debit card (linked to your wallet) so there is no need to top up your card manually!

jdebunt

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I actually used one of my Bitcoin debit cards today (not the Bit-X one) to pay 35 euro in groceries.

It works just like any other card, although there is always a transaction fee to be aware of.

Plus, current cards are not linked to your Bitcoin wallet, so you need to add funds manually before spending anything.

Other than that, it could have a great future

marcotheminer

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Quote from: yeponlyone on April 11, 2015, 02:33:47 AM

Quote from: marcotheminer on April 10, 2015, 08:35:16 AM

Quote from: Oscilson on April 10, 2015, 05:30:58 AM

The fee is the main issue here. When it is reduced to below visa or master, I will use it.

That'll only ever happen if the business wants to give away free coins and/or go out of business.

Visa/MasterCard will charge fees as would be expected and usually the business providing the card will too.

Of course, fees can be lowered by certain amounts!

how low can it go? bit-x.com cards have ridiculously high fees of 0.01btc+mastercard fees for POS transactions. Imagine going to purchase a coffee at your local starbucks and you have to spend $7 and 0.01BTC($2)+mastercard fees just for a cup of coffee. this is the main thing why people aren't that interested in a bitcoin debit card.

I don't really hear of anyone using any sort of card for tiny transactions like buying a coffee. Their intended use (from my experience at least) is usually above $100, more for ATM withdrawals.

Pro tip: Don't buy starbucks coffee if you're worried about spending too much Wink

yeponlyone

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Quote from: marcotheminer on April 10, 2015, 08:35:16 AM

Quote from: Oscilson on April 10, 2015, 05:30:58 AM

The fee is the main issue here. When it is reduced to below visa or master, I will use it.

That'll only ever happen if the business wants to give away free coins and/or go out of business.

Visa/MasterCard will charge fees as would be expected and usually the business providing the card will too.

Of course, fees can be lowered by certain amounts!

how low can it go? bit-x.com cards have ridiculously high fees of 0.01btc+mastercard fees for POS transactions. Imagine going to purchase a coffee at your local starbucks and you have to spend $7 and 0.01BTC($2)+mastercard fees just for a cup of coffee. this is the main thing why people aren't that interested in a bitcoin debit card.

byt411

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Quote from: swapman on April 10, 2015, 03:20:22 PM

Quote from: ?? on ??

Quote from: Amph on April 09, 2015, 05:42:21 AM

the idea is cool but, no i would not use it because

fees too high

no verification limit too low

no anon with amount above 500

and i don't know how fast are money transferred from my account to debit card, they can be used istantly?

Fees are not that high in my opinion for some cards, others have very high fees. Hopefully they can be reduced even further one day!

Verification is compulsory according to AML and KYC laws and regulations, however be assured that all data is safe with companies like https://bit-x.com,

Once you pay for something using Bit-X's Debit MasterCard™ for example, the BTC is exchanged instantly at the time of payment, not before or after (you won't lose money due to the volatile exchange rate).

Bit-X card has very high and unreasonable fees, same with ANXpro. Xapo's is the most competitive card by far.

How does ANXPRO's Debit Card have very high and unreasonable fees?

Topic: Would You Use a Bitcoin Debit Card? (Read 2384 times)