Bitcoin Forum

Are Bitcoin Debit Cards a good thing to buy?

For anonymity sure but do your research with whichever you'll go with (exchange rate, fee etc..) not all are same.

How having a bitcoin debit card is good for anonymity ? I don't get it . those cards defeat the whole purpose of using bitcoin in the first place . You won't be able to get those cards unless you provide real information's like ID and residence etc , It's not recommended to use them if you care about your privacy otherwise just go head and use them.

I don't see any connection of anonymous transaction when using bitcoin debit cards.

A debit card provider needs all your details and that will include your personal info.

Just stop doing shit that requires anonymity.  Quit taking drugs and learn how to code.  Holy fuck - would you give up on the anonymity bullshit already?  Nobody needs that if they are doing legal worthwhile things.

Anonymity has given Bitcoin a bad name.  No more anonymity.  Fucking stoners.

Now i think its not a good thing to buy it so for me bitcoin debit card is useless because im only earning here, im only small time earning so i dont think that bitcoin debit card is a good thing to buy. But In future its good thing to buy it. Many bitcoin user will buy it because they want use their earning directly to the shop. But for me its good because in future im.earning big amount of bitcoin so i need it to my shopping time.

Well, it depends. If you're earning bitcoins, as a backup plan, it might be a good option to have a bitcoin debit.

When your actual debit or creditcard won't work or anything like that, you can easily use your Bitcoin debit card, if you're out of funds in it, you can easily get it refilled.

But as far as I remember, the transaction fee is a bit much for the reloadable bitcoin cards.

it's worth thing to buy i guess,i've owned 4 cards from different card provider so far,i use most of them to buy stuff which can't be paid thru bitcoin just like digitalocean or another hosting stuff,but it can be used for verifying paypal too even the advantages are less than using real credit card,but as long it'll help you it's a worthy thing

I tried my best to find few reliable sites, but its not worth the risk.

Bitcoin debit cards would allow you to spend your Bitcoins basically anywhere both online and offline where Visa and MasterCard cards are accepted at an increased cost though because Bitcoin debit cards usually have higher fees than bank-issued debit cards. But if convenience is what you are looking for go for it I guess. Also you would be able to withdraw cash via ATM's without the need for a bank account which is a big plus in some places of residence. If I were you I would carefully look into the advantages and disadvantages of Bitcoin debit cards and compare them to other methods of exchanging and withdrawing Bitcoins before making a decision.

What kind of risks you talking about? Share your experience with us and let us know too.

What's the point when you just come here and say I tried but they don't worth the risk.

It's neither helping the OP for what he asked, nor it's giving us any hint if what it was.

There are few bitcoin cards issued by few signature campaign authorities. It has got limited access but the usability is pretty good and gives ease of access in cash out and converting to fiat.

I think this is a good start but afterall you are kind of like converting bitcoin back to fiat... The company that issue the cards maybe benefiting from the exchange rate.

That is completely true, the key of having Bitcoin is that people cannot come behind your information. If Bitcoin decides to come with some card that is going to change this factor.

I would always recommend Bitcoin debit cards because I have very good experience. It's probably the best way to spend your coins for everyday purpose, it's simple and convenient. Fees are resonable so.I can't say anything against it.

I completely disagree. BitCoin Debit cards are good for BitCoin because they increase adoption and put more transactions on the ledger. Without the debit card, BitCoin isn't much of a currency because NOBODY in the world accepts BitCoin, without the card, BitCoin is merely just an investment like a stock that people hope will go up so they can make a profit.

The with the CoinBase and Shift Financial card, there are 0 transaction fees. What it cost is what you paid.

It's definitely worth it to buy bitcoin debit cards because it is highly convenient and pretty much like any other debit cards, except that most btc debit cards do not have any transaction fees at all.

its good if you know how to use and what will you get wth that debit card,people with bitcoin debit card allowed to buy anything with bitcoin,even the seller not accept bitcoin,of course its good news for some people who love shopping and buy something with debit card.

And what the real fuck??
Anonymity isn't bad, it may be used for good purposes as well....

It depends.Such a card offers you to pay almost everywhere with Bitcoin.
The disadvantage imo are the fees.And I myself see no reason why I should use a visa or mastecard to pay with Bitcoin.
I wanna pay with Bitcoin directly and without the use of of the traditional payment services.
To me this is like owning a car and you let it pull by a horse.This makes no sense!

But neither Bitcoin debit cards nor Bitcoin exchanges are anonymous because you need to provide your ID and home address or a P.O box in order to get the card shipped to you. I think the only truly anonymous method of exchanging Bitcoin is through a private seller on Localbitcoins. But Bitcoin debit cards aside from the compromised anonymity offer a lot of advantages like being able to shop at places where Bitcoin is not accepted yet and being able to withdraw cash from ATM when you please. If you are a frequent user of debit cards online and offline I think it's a great idea to invest in a Bitcoin debit card of your choice.

i think this is something new. i am hearning this for 1st time. i think it will be a good news if its true. its a big improvement for bitcoin.

I have a bitcoin debit card but I do not know how to use them, It's difficult for me to using bitcoin debit card in my country because my country it's unfamiliar with btc. :-\ It's bad to using bitcoin debit cards for now.

I think it is relatively easy to use a Bitcoin debit card, depending on who you get it through. Xapo makes a decent one from what I remember, and it just uses the Visa network to make transactions. It should be relatively easy one you get past that point, or at least when everyone has a credit card reader, which operates in basically the same way.

There are things that is good and also bad
Good if the price of bitcoin is continue rising
Bad if the price of bitcoin is dumping
Possible if the price is stable like our present currency which will base on the economy of the country because the price of bitcoin the basis is the demand of the users.

i dont give a damn about anonimity, i'm not buying drugs with bitcoin..
I have a debit card and i like it, convert bitcoin to fiat have fee's too (specially here in brazil) so most of the time a prefer just to spend in bitcoin.

Yeah overall they are good. They let you buy things with bitcoin where bitcoin is not accepted and provide some anonymity.

Lol the funniest post I've read xD

Its funny to hear from you! Bitcoin debit card first announced from Coinbase and purse.IO at first time. Even I have received as well. You can get card easily in the sites like spectrocoin, bitx and Etc...
You can save some exchange fund by using bitcoin debit card because there is no exchange charges and all, So you could happily go with that.

when your government document being stolen  by some carders and they'd use it to verify their account in order to get verified and placing order with other's illegal credit card,you'll feel how important anonymity is

i'm have a bitcoin debit card but i not using this card because if i want to withdrawal it's take a big fee. And not using bitcoin debit card again for now. I'm not recomended you to using bitcoin debitcard because fee is high.

Obviously, these reloadable cards charge alot on each transaction, as they're not local. They're international and charge you for international

This will be good in the future if the governments allowed bitcoin to transact internationally or it will set only in the country which is more store are offering bitcoin as their mode of payment.

I don't think they have to accept bitcoin in order to use this card, it will automatically be convereted into the local currency I guess.

It's pretty important for me, because it's the easiest way for me to withdraw my Bitcoin. Well I can actually sell my Bitcoin to someone around me, but the problem is that not many people know about Bitcoin here.

Actually they do have high charges, the price of the card is not cheap, the limits aren't high unless you've verified it. There's fees when depositing and exchanging the Bitcoin and finally the currency conversion fees.

Bitcoin debit cards are great if you genuinely want to use Bitcoin as much as possible and don't care about the fees. They are still quite pricey as of now due to the rarity.

i think bitcoin should be used directly, like it was mean to be used, not with fiat, you can buy plenty of stuff online with bitcoin without touching fiat, credit card are useless

I think Neteller accepts Bitcoin deposits from EU customers right guys? I was thinking of depositing some Bitcoin there and use their free virtual Neteller debit card funded by Bitcoin to purchase goods online where Bitcoin is not directly accepted. I don't want a physical Bitcoin debit card because I would pay much more in fees with these than virtual debit cards. Has anyone else tried this method yet?

But there are some times where you need fiat. You have to convert BTC into fiat to get it.

It depends,if you want to remain anonymous they are not good cause you have to provide your id and other personal info to get one.If you don't care about anonymity and just want to buy anything from sellers who doesn't accept bitcoins then it is a good option for you.

Yes,for me is very usefuly a bitcoin debit card.I can buy things online invest in some sites and withdraw my bitcoin to fiat.

Bitcoin debit cards have made the access of bitcoin conversion to fiat. At the same the availability of these ATM's were not much available through out.

We are looking at the moment for a good bitcoin debit card we wish to purchase one, so does anyone here recommend a good one for us to use? At least we would save a lot of hassle with exchanges.

I would say use Spectrocoin card, or Coinsbank. I use both and i haven't ever got any problem.
The fact those companies exist long (coinsbank for years) makes it even better.

Depends on you, actually.
Bitcoin debit cards offer quite a lot of convenience because you can spend your bitcoins directly from stores and such. The debit card "brand" will convert your bitcoins into fiat to the current value.

Although it kinda is no different from any other debit cards when it comes to information because before you get a debit card, you surrender your information to them.

I use Xapo and I'm very satisfied. Had no problems at all, it's accepted everywhere on line and in stores, ATMs, fees are resonable. I would recommend it.