Bitcoin Forum

I know about Xapo, but I also heard that they had some early issues and I want to make sure I'm not going to misfire here. What's a good Bitcoin debit card to use?

im not affiliated with bit-x besides being in their signature campaign, but ive actually heard some great things about their debit card from a few friends of mine, they use it to withdraw fiat money from ATMs using the bitcoin balance on their bit-x accounts. I havent tried it myself but id say its worth looking into.

There are card by Xapo, Bit-x and few other site, But the Problem is that, their Fees, Which is I think really High.
Lets talk about Bit-x:
If I cashout my btc through the card it take more than 20$ for each month. Because If I don't do five transection they will deduct .05 BTC for inactivity, and If i cash out for 5 times in each month then 5x .01+ 3% ( .05 +3%) fees will be deducted  :P ::).
And If I exchange my money through some other exchanger It only takes 5$ not more than that. Im not much familiar with xapo, but have the feeling that it will also the same as the bit-x.
 

thats true as well, in fact heres a list of the fees for the xapo card: https://support.xapo.com/95219-What-fees-are-associated-with-the-Xapo-Debit-Card

None of them, i recommend you to wait until the big companies (visa/mastercard) start releasing those so no middleman is involved.

last i heard, mastercard hates bitcoin, and i mean absolutely hates it (arguing bitcoin has slower tx times and higher fees than MC which are both completely untrue). i dont see any of the companies integrating bitcoin anytime soon. just some articles: http://www.coindesk.com/mastercard-executive-argues-bitcoin-cant-trusted/
http://upstart.bizjournals.com/entrepreneurs/hot-shots/2014/12/05/matthew-driver-bitcoin-critic-mastercard.html

but why do they charge that much

these companies arent running a charity service; companies are for-profit entities and this is one service they offer to generate revenue. compare this to most major credit card companies that usually charge a flat fee in addition to a % fee of each transaction: http://www.merchantmaverick.com/the-complete-guide-to-credit-card-processing-rates-and-fees/

its not that much different.

In my point of View try Bit-x Debit card. Easy cheap and reliable
More info can be found at : https://bit-x.com/cards

I think you didnt read my above post:

It's a relatively new service and it would require a bigger user base for lower fees. The minimum 5 transactions per month really kills it for me, makes me feel like bit-x is too greedy.

I guess I will go in for the bit-x debit card

can't see that happening any time soon, mastercard aren't exactly pro-btc.
they've been lobbying governments for more bitcoin regulation so I think it's safe to say they see btc as a [future] competitor.

As far as i have seen here on the forum there is bit-x debit card? am i right? fees wasn't so cheap

compared to fees of most major credit card companies, they arent that much different. smaller userbase means a slightly higher fee so that bit-x can make some money for providing this service.

They seem to be trying to slow bitcoin's progression into the mainstream and definitely took a stance to not help it.  It will be interesting to see what happens though when bitcoin gains popularity, and maybe becomes competitive to the point where it makes sense for larger creditcard companies (MC, Visa) to adopt bitcoin into their business.

Any bitcoin debit card is working in india?

i know about bitplastic, also xapo, i don't know how is reliebale the first, but the second is pretty well known

I don't know what's the best but here's a list:
 

• ANX
• Coinkite
• Xapo
• Bit-x
• Bitstamp

visa/mastercard are not going to create bitcoin cards anytime soon.

Bitplastic is a well known scam. A proof of it http://www.reddit.com/r/Bitcoin/comments/1v9pzr/bitplastic_scam/. Xapo doesn't ship to India nor US. There's a list here: https://support.xapo.com/which-countries-can-xapo-ship-the-debit-card-to/. Xapo is allowing preorders but I'm not sure when would they send it.

Wagecan and AdvCash(though its a prepaid card).

Comparisons:

 - https://bitcointalk.org/index.php?topic=1001849.0
 - https://bitcoinnewsmagazine.com/bitcoin-debit-card-options/

Now i will recommend every one a Bit-x card, because tgey remove the option of monthly fees .02 btc and monthly inactive fees .05. This is i think a great news.
https://bitcointalk.org/index.php?topic=1006153.msg11930878#msg11930878

you should note that this is only for the first 10000 people that sign up for the card. but what i do like about the bit-x card is that their fees are all in terms of BTC, wheras xapo's are in fiat. just a nice little touch.

Do you believe that 10000 people will order this card at the moment? No i dint believe that in next few years that 10000 people will order that card.

there's no telling what will happen in the next few years in terms of bitcoin adoption and it becoming mainstream; its definitely possible for those 10000 cards to be claimed within the next few years if bitcoin starts taking off.

Any card that doesn't charge a giant fee for non-(US)dollar usages?

I think at least two or 3 do, but I can't find such information easily

dont think so, some of the fees of the bitc debit cards are comparable to that of some of the fees charged by major credit card companies for transactions as well, but the bitcoin debit card fees are slightly higher as there is a smaller userbase, and the companies do need some revenue from the services they offer.

Check out the bit-x card. They are serious and well funded company. You can do basically whatever with their card, withddaw money on the ATMs, pay etc. Thers are some others but tbis one seems the best to me.

Disclaimer : I have gotten their card way before I enrolled into their signature campaign, just so you don't thin I am biased.

Xapo isn't bad fee-wise. Based on my understanding from their chart, it's $0.00 for debit transactions, and then you can just ask for cash back and there will be no fee on that, either. Buy a cheap $0.10 item and you can still get the cash back (up to $400 in most places).