Would You Use a Bitcoin Debit Card? - page 2.

ajareselde

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Quote from: Hazir on April 10, 2015, 09:14:52 PM

I am not using normal debit card at all why should I use bitcoin version of it? I don't like credit or debit cards in general it does not matter if it is bank card or bitcoins card. I will be using standard paper money, and in the future when it will become reality and bitcoin will be widely accepted everywhere a direct bitcoin transfer from my wallet.

In an ideal situation, we would be able to use bitcoin cards and actually have no bitcoin/fiat conversions, there cards may come in handy to some, but in the end theres that
middle man again, and with him comes the fee, and that is why i dont like it.
When u have situation that you have bitcoin wallet, and merchant is accepting bitcoins, then u have advancement, all this with debit cards is the same trick from the past,
which brings little new offers to the table.

cheers

Hazir

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I am not using normal debit card at all why should I use bitcoin version of it? I don't like credit or debit cards in general it does not matter if it is bank card or bitcoins card. I will be using standard paper money, and in the future when it will become reality and bitcoin will be widely accepted everywhere a direct bitcoin transfer from my wallet.

Somekindabitcoin

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I can say that the Bit-x Mastercard has huge ass fees. I wouldn't use the card despite non verification means that I can still spend 750. The monthly fee (waived for first 10k) is still too high and withdrawal from atms for 10 bucks is also too much. If Bit-x could lower their fees, it might be a much more valuable asset to have.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

I definetly need something similar to bitcoin debit card, and i was pretty enthusiastic about the idea, but after recent
experience with somewhat similar skrill mastercard, i am not so impressed.
The thing is, that if you must make currency conversion when ure making a withdraw @ atm machine, u are going to loose alot of money to fee's.
For example, i am in EU, and after making withdraw of about 200$, my account was charged 220$+, and most of it is not card provider's fault, its the
conversion rate that kills you.

Some people said they can make ATM withdrawals in multiple currencies, sadly, i have found no such option here.
The concept is quite amazing, but theres that middle man again, making his claims.

cheers

marcotheminer

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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.

With cards not arriving within 4 months and numerous user issues and public relation issues? Great card service..

swapman

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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.

dezoel

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yes maybe, because in here only few store that accept btc as payment.
so I would use bitcoin debit card...

trafficolaa

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verification method is much difficult to get Bitcoin Debit Card because some people don't want to share their documents with 3rd party so make it simple and accessable for every person without miner verification.

loaddebitcard

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You can load ANY debit card you currently have in your pocket that has a Visa or MasterCard logo using Bitcoin.
All you need is our service https://www.loaddebitcard.com

ChuckBuck

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better everyday ♥

Quote from: marcotheminer on April 10, 2015, 11:11:05 AM

Quote from: ChuckBuck on April 10, 2015, 09:01:26 AM

Quote from: Tarantino on April 10, 2015, 08:55:53 AM

Why don't you try find someone one a country that will receive them for you and reship them on?

I hear where you're coming from, but it's bad enough I have to give all my personal info to Bit-X just to sign up for the card. Now I have provide additional info to a complete stranger in another country?!!! Huh

No offense to any of you overseas, I Love all my fellow Bitcoiners across the globe. One of the main points I got into Bitcoin was the complete anonymity it provides, and providing my personal info and phone number to a centralized exchange, and my shipping address to a complete stranger totally go against that.

No thanks.

This is where the aspect of trust will have to play a major role. If you don't like sending over verification documents to use a service then don't use the service. Most people don't mind as they trust the exchange.

You don't have to provide your shipping address to a complete stranger!

Yea I know, I was referring to Tarantino's suggestion to get someone overseas ship the debit card to me, which require me providing a valid shipping address to a person I would have to somehow "trust".

Unfortunately, I don't know too many people around the world outside of my country the USA, that I'd just give my home or work shipping address randomly.

marcotheminer

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Quote from: Cruxer on April 10, 2015, 08:51:51 AM

I would not, debit cards are passe... Smartphone is only tool that almost everyone have to use bitcoin everywhere around world

Yet 99% of merchants have never heard of and won't accept bitcoin in the near future.

marcotheminer

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Quote from: ChuckBuck on April 10, 2015, 09:01:26 AM

Quote from: Tarantino on April 10, 2015, 08:55:53 AM

Why don't you try find someone one a country that will receive them for you and reship them on?

I hear where you're coming from, but it's bad enough I have to give all my personal info to Bit-X just to sign up for the card. Now I have provide additional info to a complete stranger in another country?!!! Huh

No offense to any of you overseas, I Love all my fellow Bitcoiners across the globe. One of the main points I got into Bitcoin was the complete anonymity it provides, and providing my personal info and phone number to a centralized exchange, and my shipping address to a complete stranger totally go against that.

No thanks.

This is where the aspect of trust will have to play a major role. If you don't like sending over verification documents to use a service then don't use the service. Most people don't mind as they trust the exchange.

You don't have to provide your shipping address to a complete stranger!

ChuckBuck

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better everyday ♥

Quote from: Tarantino on April 10, 2015, 08:55:53 AM

Why don't you try find someone one a country that will receive them for you and reship them on?

I hear where you're coming from, but it's bad enough I have to give all my personal info to Bit-X just to sign up for the card. Now I have provide additional info to a complete stranger in another country?!!! Huh

No offense to any of you overseas, I Love all my fellow Bitcoiners across the globe. One of the main points I got into Bitcoin was the complete anonymity it provides, and providing my personal info and phone number to a centralized exchange, and my shipping address to a complete stranger totally go against that.

No thanks.

Tarantino

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Quote from: Cruxer on April 10, 2015, 08:51:51 AM

I would not, debit cards are passe... Smartphone is only tool that almost everyone have to use bitcoin everywhere around world

But most places don't accept payment from a smartphone. At least not in my country (though this might change in the future).

Quote from: ChuckBuck on April 10, 2015, 08:53:24 AM

Quote from: irfan_pak10 on April 10, 2015, 08:47:11 AM

I was Really Happy When BIT-x announced that They are going to release A Debit Card, But when It release the thing is that they Dont Allow send Card to my country, Then I went for a advcash the Same thing with them also they also Dont alow member from my Country, Now Im looking for Anx card and Send a message to OP if they can send a Card to my country. I will not apply for XAPO card, I think Its not a Good Site.

That's the boat I'm in as well. None of the Bitcoin debit cards ship to the continental US, so I'm pretty much screwed.

Sucks for one's willing to be guinea pigs. OH well, as soon as the regulatory framework finally gets established, there'll be a ton of these cards on the market....

Why don't you try find someone one a country that will receive them for you and reship them on?

SpanishSoldier

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Quote from: Cruxer on April 10, 2015, 08:51:51 AM

I would not, debit cards are passe... Smartphone is only tool that almost everyone have to use bitcoin everywhere around world

+1

Bitcoin debit card is a vague concept just like bitcoin ATM. These are unnecessary and has no real world utility. Bitcoin online wallet serves well the purpose of debit cards.

ChuckBuck

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better everyday ♥

Quote from: irfan_pak10 on April 10, 2015, 08:47:11 AM

I was Really Happy When BIT-x announced that They are going to release A Debit Card, But when It release the thing is that they Dont Allow send Card to my country, Then I went for a advcash the Same thing with them also they also Dont alow member from my Country, Now Im looking for Anx card and Send a message to OP if they can send a Card to my country. I will not apply for XAPO card, I think Its not a Good Site.

That's the boat I'm in as well. None of the Bitcoin debit cards ship to the continental US, so I'm pretty much screwed.

Sucks for one's willing to be guinea pigs. OH well, as soon as the regulatory framework finally gets established, there'll be a ton of these cards on the market....

Cruxer

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Bitcoin FTW!

I would not, debit cards are passe... Smartphone is only tool that almost everyone have to use bitcoin everywhere around world

irfan_pak10

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I was Really Happy When BIT-x announced that They are going to release A Debit Card, But when It release the thing is that they Dont Allow send Card to my country, Then I went for a advcash the Same thing with them also they also Dont alow member from my Country, Now Im looking for Anx card and Send a message to OP if they can send a Card to my country. I will not apply for XAPO card, I think Its not a Good Site.

marcotheminer

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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!

marcotheminer

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Quote from: Slunt on April 10, 2015, 08:30:17 AM

Quote from: marcotheminer on April 10, 2015, 04:46:14 AM

Quote from: Jesu on April 10, 2015, 04:11:47 AM

Like other have said it would all depend on the fees. High fees kind of make it pointless really and not worth the fuss of it all.

Quote from: marcotheminer on April 09, 2015, 05:40:13 AM

Debit: Funds are taken from your wallet on the site offering the card. No need to fund it manually. Once you pay for something, BTC is exchanged instantly at the time of payment, not before or after (you won't lose money due to the volatile exchange rate).

Prepaid: Funds must be loaded by the user manually. Funds are converted once loaded so you may lose money due to the volatile exchange rate.

But with a debit version you have to keep your coins on a third party site and we all know that's a bad idea especially long term. If the site gets hacked or disappears then you can say buy to all your coins too.

That was a major issue a year or so ago, less now with the rise of licensed exchanges like https://Bit-X.com.

I don't think being licensed makes them immune from thefts or scamming users themselves (you can always have rogue employees too). Where is the exchange licensed?

I'll direct you to their official thread: https://bitcointalksearch.org/topic/bit-xcom-exchange-btc-ltc-usd-eur-gbp-rub-bitcoin-debit-card-874312

Topic: Would You Use a Bitcoin Debit Card? - page 2. (Read 2431 times)