Author

Topic: Would You Use a Bitcoin Debit Card? (Read 2431 times)

legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
April 16, 2015, 04:09:58 PM
#78
Beats the purpose of Bitcoin.. decentralization and anonymity.

I will stick to the usual card. Smiley

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!
legendary
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
April 16, 2015, 03:15:08 PM
#77
Beats the purpose of Bitcoin.. decentralization and anonymity.

I will stick to the usual card. Smiley

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.
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
April 16, 2015, 02:49:43 PM
#76
Beats the purpose of Bitcoin.. decentralization and anonymity.

I will stick to the usual card. Smiley

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?
legendary
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
April 16, 2015, 02:45:47 PM
#75
Beats the purpose of Bitcoin.. decentralization and anonymity.

I will stick to the usual card. Smiley

Edit: This is my unbiased honest opinion. Nothing to do with campaigns stuff. honestly.
legendary
Activity: 1596
Merit: 1010
April 16, 2015, 02:37:28 PM
#74
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 Smiley

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 Smiley
hero member
Activity: 798
Merit: 1000
April 16, 2015, 02:34:35 PM
#73
Hey jdebunt, can you tell me which card you are using?

Sure can Smiley

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?
legendary
Activity: 1596
Merit: 1010
April 16, 2015, 01:42:51 PM
#72
Hey jdebunt, can you tell me which card you are using?

Sure can Smiley

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)
hero member
Activity: 798
Merit: 1000
April 16, 2015, 01:32:35 PM
#71
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 Smiley

Hey jdebunt, can you tell me which card you are using?
legendary
Activity: 1638
Merit: 1329
Stultorum infinitus est numerus
April 15, 2015, 10:45:39 AM
#70
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.
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
April 15, 2015, 10:04:09 AM
#69
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!
legendary
Activity: 1638
Merit: 1329
Stultorum infinitus est numerus
April 15, 2015, 10:01:11 AM
#68
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.
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
April 14, 2015, 03:31:04 PM
#67
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.
hero member
Activity: 772
Merit: 500
April 11, 2015, 11:47:25 AM
#66
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
hero member
Activity: 504
Merit: 500
April 11, 2015, 11:40:11 AM
#65
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.
legendary
Activity: 1596
Merit: 1010
April 11, 2015, 06:56:23 AM
#64
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
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
April 11, 2015, 06:28:48 AM
#63
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 Smiley

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!
legendary
Activity: 1596
Merit: 1010
April 11, 2015, 06:23:38 AM
#62
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 Smiley
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
April 11, 2015, 02:57:18 AM
#61
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
hero member
Activity: 504
Merit: 500
April 11, 2015, 02:33:47 AM
#60
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.
hero member
Activity: 798
Merit: 1000
April 10, 2015, 11:11:22 PM
#59
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?
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
April 10, 2015, 11:08:17 PM
#58
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
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
April 10, 2015, 09:14:52 PM
#57
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.
hero member
Activity: 518
Merit: 500
April 10, 2015, 09:12:35 PM
#56
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.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
April 10, 2015, 09:08:56 PM
#55
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
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
April 10, 2015, 03:55:39 PM
#54
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..
newbie
Activity: 23
Merit: 0
April 10, 2015, 03:20:22 PM
#53
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.
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
April 10, 2015, 02:07:46 PM
#52
yes maybe, because in here only few store that accept btc as payment.
so I would use bitcoin debit card...
legendary
Activity: 1008
Merit: 1000
April 10, 2015, 01:56:08 PM
#51
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.
hero member
Activity: 672
Merit: 500
April 10, 2015, 01:20:51 PM
#50
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
hero member
Activity: 1372
Merit: 783
better everyday ♥
April 10, 2015, 11:15:38 AM
#49


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.
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
April 10, 2015, 11:12:24 AM
#48
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.
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
April 10, 2015, 11:11:05 AM
#47


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!
hero member
Activity: 1372
Merit: 783
better everyday ♥
April 10, 2015, 09:01:26 AM
#46


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.
newbie
Activity: 56
Merit: 0
April 10, 2015, 08:55:53 AM
#45
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).

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?
sr. member
Activity: 728
Merit: 256
April 10, 2015, 08:54:23 AM
#44
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.
hero member
Activity: 1372
Merit: 783
better everyday ♥
April 10, 2015, 08:53:24 AM
#43
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....
full member
Activity: 184
Merit: 100
Bitcoin FTW!
April 10, 2015, 08:51:51 AM
#42
I would not, debit cards are passe... Smartphone is only tool that almost everyone have to use bitcoin everywhere around world
legendary
Activity: 3234
Merit: 1654
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
April 10, 2015, 08:47:11 AM
#41
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.
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
April 10, 2015, 08:35:16 AM
#40
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!
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
April 10, 2015, 08:34:30 AM
#39
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.


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
jr. member
Activity: 59
Merit: 10
April 10, 2015, 08:30:17 AM
#38
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.


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?
hero member
Activity: 518
Merit: 500
April 10, 2015, 08:23:20 AM
#37
I doht have enough bitcoin that will make having a devit card for it worth it. Ill loose all the money lol.
sr. member
Activity: 434
Merit: 250
April 10, 2015, 05:30:58 AM
#36
The fee is the main issue here. When it is reduced to below visa or master, I will use it.
hero member
Activity: 658
Merit: 500
April 10, 2015, 05:14:16 AM
#35
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.


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.

Since it called a "debit card", so you could fund the card with the coins when you need to use this card, There’s no need to keep fund in this third party site. Just fund it when you need.
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
April 10, 2015, 04:46:14 AM
#34
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.


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.
full member
Activity: 166
Merit: 100
April 10, 2015, 04:11:47 AM
#33
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.


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.
member
Activity: 69
Merit: 10
April 10, 2015, 04:09:30 AM
#32
Possibly, especially if they were low or no fee.
sr. member
Activity: 252
Merit: 250
April 10, 2015, 04:02:25 AM
#31
we its a debit card some fees are aplied but in general i might use it just the fact its not to promoted i cant use it in my country
legendary
Activity: 3374
Merit: 1824
April 10, 2015, 03:51:52 AM
#30
It depends really about the cost of the card and its availability in my country.
Right now, we have just 1 BTC ATM in my country, and still very few merchants accept Bitcoin, so these are not sufficient reasons to get started with BTC card now.
If more merchants accept BTC in the future and we get more BTC ATM here, in this case I will be interesting to have my own Bitcoin Debit Card.
TYT
member
Activity: 78
Merit: 10
April 10, 2015, 03:28:15 AM
#29
I would actually love a bitcoin debit card but only if the fees were not excessive and sadly all I've seen are. I  don't mind paying a small fee everytime I use it but I don't want all the extra costs of a monthly fee or re-activation fee when I don't use it for a month etc etc. It would be nice to have one as a back up to be able to spend my coins if and when needed but they're not really feasible for me how they operate currently.
member
Activity: 112
Merit: 10
April 10, 2015, 01:31:49 AM
#28
Of course I would, if it makes my life easier.
sr. member
Activity: 448
Merit: 250
April 10, 2015, 12:19:52 AM
#27
I'd prefer to use a cash deposit from an exchange to a bank account, then use the debit card linked to that account, but it's always nice to have an alternative in case that method isn't available for whatever reason like a secondary emergency backup or something along those lines.
nvK
sr. member
Activity: 381
Merit: 259
April 09, 2015, 10:53:44 AM
#26
Hi Guys,

Coinkite has a free option now, NO FEES!

More info here http://blog.coinkite.com/post/104987211551


hero member
Activity: 504
Merit: 500
April 09, 2015, 10:50:11 AM
#25
bitcoin debit cards charges significantly higher fees than ordinary anonymous debit card. Sure, they may be convenient to use but it's a loss to pay such high fees.
hero member
Activity: 926
Merit: 1001
weaving spiders come not here
April 09, 2015, 10:45:50 AM
#24
No.
legendary
Activity: 1288
Merit: 1012
April 09, 2015, 10:28:11 AM
#23
Not unless 0 fees and 1% discount like my visa.
0 fees that would be impossible, How will Bit-X make profit? I won't get myself any of those card due to high fees if they decrease there fees i would consider getting one.
legendary
Activity: 910
Merit: 1000
April 09, 2015, 10:13:05 AM
#22
Not unless 0 fees and 1% discount like my visa.
sr. member
Activity: 462
Merit: 250
April 09, 2015, 09:40:36 AM
#21
The fee is a little high, if the fee can be low, I may consider it.
It's a cool thing to use a card.
hero member
Activity: 658
Merit: 500
April 09, 2015, 09:38:02 AM
#20
The only real Bitcoin debit card is Coinkite. All of the others mentioned here are just fiat debit cards that happen to exchange from a Bitcoin account when used. You're still paying in dollars.

isn't this just an online wallet?

They also provide both a debit card and a POS terminal: https://coinkite.com/store/products/all

Please note that I've never used them. I don't know how trustworthy they are.
legendary
Activity: 3668
Merit: 6382
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April 09, 2015, 09:22:54 AM
#19
I would right now, if I would have an amount of Bitcoin that matters - which I don't.
In my country the only good exchange FROM Bitcoin was shut down a few months ago.

I'll be honest, I didn't check what are the fees; if the fees are big indeed I would also look for alternatives.
But yeah, right now I don't need all this. I have to get bitcoin first.
hero member
Activity: 868
Merit: 1000
April 09, 2015, 09:06:45 AM
#18
I do actually like the idea and it would make it easier to cash out quick if needed, also it would start to give you reason to put more fiat into Bitcoin knowing that you can get it back instantly if needed pay bills etc a nice step closer to ideal.

Have not checked the fee's yet that could be a put off but hopefully they are not to extreme. Thanks op i will look into this further hopefully they can ship to me in the UK.
hero member
Activity: 1372
Merit: 783
better everyday ♥
April 09, 2015, 08:47:07 AM
#17
I would use a Bitcoin Debit Card like a Xapo or a Bit-X one, but unfortunately I don't think they ship to the good ole USA.

If they did, I'd put away my bank card for awhile and use it in a heartbeat...
legendary
Activity: 3248
Merit: 1070
April 09, 2015, 08:42:41 AM
#16
The only real Bitcoin debit card is Coinkite. All of the others mentioned here are just fiat debit cards that happen to exchange from a Bitcoin account when used. You're still paying in dollars.

isn't this just an online wallet? better to use blockcahin.info instead, the point of converting in fiat is that many people still are not so accustomed to bitcoin, and there are many service that accept bitcoin yet
hero member
Activity: 518
Merit: 500
Trust me!
April 09, 2015, 08:08:25 AM
#15
The only real Bitcoin debit card is Coinkite. All of the others mentioned here are just fiat debit cards that happen to exchange from a Bitcoin account when used. You're still paying in dollars.

Yeah, but it's bridging a gap. Maybe people like to hold their money in BTC... Maybe they feel safer doing so (political reasons!? economical reasons!?) I think it's important to just go and try it out. Let's see what happens.
legendary
Activity: 1652
Merit: 1007
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April 09, 2015, 08:06:53 AM
#14
I would definitely use a BTC debit card. In my country, the actual places where you can spend BTC are very rare and using this card is the only way to spend without going through banks and converting into fiat. I am contemplating of ordering one of these soon.

On the other hand, fees are the major issue, especially that inactivity fee. What is that, the issue wants to make me spend my own money even if I do not need anything? I think that one needs to be removed ASAP.
Regarding verification, I have no problem with that. Only people who have something to hide or deal with some illegal activities are afraid of that.
hero member
Activity: 658
Merit: 500
April 09, 2015, 08:04:10 AM
#13
The only real Bitcoin debit card is Coinkite. All of the others mentioned here are just fiat debit cards that happen to exchange from a Bitcoin account when used. You're still paying in dollars.
hero member
Activity: 518
Merit: 500
Trust me!
April 09, 2015, 07:47:02 AM
#12
I just wanted to go and say "hey, my signature campaign is currently offering one" and then I saw that it's actually you - the person running that very campaign Cheesy I find the idea interesting, I don't like paying FIAT amounts with BTC when BTC is this volatile (and low), though :/
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
April 09, 2015, 07:03:15 AM
#11
I don't use any kinda debit card issued by (especially*) mastercard or visa.
We're using bitcoin because of decentralization and those cards are kicking us back to central banks. What's the point that card? I'm not dependant only bitcoin. Of course I'm using my local currency, and I'm gonna use it (till bitcoin is accepted widely).

especially mastercard: As we know mastercard ceo's speech about bitcoin ( https://www.youtube.com/watch?v=bO4jHXjCXw8 ) . One day they can say something like that: "hey dudes I 've decided to terminate all bitcoin related service usages, If you got paid via an Exchange etc those money will not be transferred to you".

The ability to spend (actually use) one's Crypto balance is something the needs to be available. At this moment in time, many companies do not accept BTC/LTC, thus having a stepping stone to full crypto acceptance in the form of a Bitcoin MasterCard is key.
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
April 09, 2015, 07:01:28 AM
#10
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).

the problem is not they are not that high(well some yes are high) but there are too many type of fee, like inactive monthly fee, really? some of them seems unnecessary, just added to suck money

also for all member that carry signature, are issuance and activation fee, removed? do i need to activated anyway my card?

Issuance fee is free for campaign members.
legendary
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
April 09, 2015, 06:49:14 AM
#9
I would, but the card is too expensive for me. Grin
all of my BTCitcoin isn't enough to buy it, yet.

Then enter the giveaway! https://bitcointalksearch.org/topic/winners-announced-giveaway-bit-x-bitcoin-debit-card-1018534
Sure, I will enter it. Thx BTW Grin
But wait, no..... my country is excluded Cry
legendary
Activity: 3248
Merit: 1070
April 09, 2015, 06:48:05 AM
#8
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).

the problem is not they are not that high(well some yes are high) but there are too many type of fee, like inactive monthly fee, really? some of them seems unnecessary, just added to suck money

also for all members that carry signature, are issuance and activation fee, removed? do i need to activated anyway my card?
hero member
Activity: 699
Merit: 501
April 09, 2015, 06:34:34 AM
#7
I don't use any kinda debit card issued by (especially*) mastercard or visa.
We're using bitcoin because of decentralization and those cards are kicking us back to central banks. What's the point that card? I'm not dependant only bitcoin. Of course I'm using my local currency, and I'm gonna use it (till bitcoin is accepted widely).

especially mastercard: As we know mastercard ceo's speech about bitcoin ( https://www.youtube.com/watch?v=bO4jHXjCXw8 ) . One day they can say something like that: "hey dudes I 've decided to terminate all bitcoin related service usages, If you got paid via an Exchange etc those money will not be transferred to you".

+1

Couldn't have said it any better.
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
April 09, 2015, 06:28:41 AM
#6
I would, but the card is too expensive for me. Grin
all of my BTCitcoin isn't enough to buy it, yet.

Then enter the giveaway! https://bitcointalksearch.org/topic/winners-announced-giveaway-bit-x-bitcoin-debit-card-1018534
legendary
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
April 09, 2015, 06:24:27 AM
#5
I would, but the card is too expensive for me. Grin
all of my BTCitcoin isn't enough to buy it, yet.
legendary
Activity: 1274
Merit: 1000
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April 09, 2015, 06:23:12 AM
#4
I don't use any kinda debit card issued by (especially*) mastercard or visa.
We're using bitcoin because of decentralization and those cards are kicking us back to central banks. What's the point that card? I'm not dependant only bitcoin. Of course I'm using my local currency, and I'm gonna use it (till bitcoin is accepted widely).

especially mastercard: As we know mastercard ceo's speech about bitcoin ( https://www.youtube.com/watch?v=bO4jHXjCXw8 ) . One day they can say something like that: "hey dudes I 've decided to terminate all bitcoin related service usages, If you got paid via an Exchange etc those money will not be transferred to you".
member
Activity: 64
Merit: 10
April 09, 2015, 05:43:45 AM
#3
I would use them if the fees were low but not otherwise. In an ideal world I would rather just use bitcoin directly, though.
legendary
Activity: 3248
Merit: 1070
April 09, 2015, 05:42:21 AM
#2
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?
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
April 09, 2015, 05:40:13 AM
#1
What is the forum's opinion on Bitcoin debit cards?

Would you use it, why or why not?

What for?


Some card available on the market:
Bit-X Bitcoin Debit Card
ANX Prepaid Card
Xapo Debit Visa
AdvCash Prepaid Card.

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.



3 Bitcoin Debit Cards up for Giveaway - Now On!


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