Bitcoin Forum

A little more details like limits and fees would be great, before one signs up for something.

The limits would be the amount of currency that you have loaded onto the card, and the only fee is 2.5% of the amount you load onto the card. The card will only cost $10 USD.

I guess the cards will be personalized then?
Also no fees for withdrawing cash from ATMs?

Would be nice if you would have an extra tab on blockchain.info to where you could move BTC to load (or refill) in your debit card, many people would effectively not need a bank account.

By the way can you refill this debit card after funding with the initial sum?

2.5% is pretty steep if you ask me.

It really is...

ANXPRO (http://bit.ly/anxprobyt) is a Bitcoin Exchange, and you can simply deposit Bitcoins into your ANX account and load it into your card. It doesn't involve a bank account at all.
Of course you can refill the debit card, since its a debit card, not a prepaid card. You can load as much money and as many times as you want.


I agree, but its the best that we can do right now. If you compare it to exchanging BTC to fiat, withdrawing it to your bank account, and then using your credit card to pay for stuff, the fees are a lot higher than 2.5%.

I admit this is quite neat. Just load the debit card with bitcoin and spend it anywhere. We need more details.

Yes, I have been waiting for this kind of service for years. My only concern are the fees.

What else do you need to know? Feel free to ask, I'm here to help.
Also, by the way, if there isn't that much demand (I doubt that), the cards should begin to ship next week. However, since that probably won't be the case, it will be shipped a bit later. The quicker you reserve, the earlier you get it!

What sort of documents do I need to send you to apply?

Here's a question: what exactly is the nature of the relationship of the Visa Payment Network (or whatever the corporate entity's name is) to this card?

All you would have to do is complete our verification process, which requires:
https://i.imgur.com/nZXrVjr.png

You will also have to fill out a verification form.


I don't know the answer, and I've asked. Once I get a reply I will get back to you.

We are already aware of the fact that the CIA dedicates significant resources to separate the sheep from the wolfs, they could easily tap into that information and put everyone in the latter category. A bitcoin debit card is cool, but having your house raided, a flashbang thrown into your childs face only for him to get extreme burns, slip into a coma and die after a week because you googled the wrong thing is not cool.

What is the difference between a debit card and a pre-paid card really? Why can I get a pre-paid card without any documents yet I need to risk my life, livelihood and independence for a nearly identical piece of plastic.

Haha, lol, I know that, actually the entire Internet is monitored by the CIA, and Tor and Bitcoin was invented by the NSA too.
Just Kidding.

Well, you can reload a debit card, and you can spend it online, at the nearest supermarket, or you can withdraw cash from a normal ATM. Are there any prepaid fiat cards that you can buy with bitcoin?

Pretty sure you will not see the CIA kicking in your front door.  If you do, I suggest you call 911 because they aren't actual government representatives.  Their style is more along the lines of convincing Joe the meth head that you are the antichrist and that Joe should come kick in your door.  Oh, and Joe, use these tactical weapons, night vision, body armor, and stolen Cadillac Escalade when you do the job.  Don't worry about returning any of he gear, either.  Just keep it.  Joe gets big $$$ if Joe doesn't get his ass blown away.  Joe gets another job a few weeks later doing the same thing.

2.5% seems a bit high but when you think about what an exchange takes off the top I guess its not terrible. It will be interesting to watch it either succeed or flop, from a distance of course :)

Lets separate facts from fiction and crazy conspiracy theories, my claim is a fact that has been proven by many documents, you are attempting to mix my facts with your bullshit to make my legitimate concerns sound like bullshit.

If you open a bank account like the rest of the sheeple then you also look like a sheeple thus the chances to be harmed by the state are minuscule as opposed to wearing the Bitcoin flag on your head and potentially get harassed for money laundering, drug dealing, get robbed by criminals, not to mention what will happen if/when the state gets desperate and you will be rounded up for the nearest concentration camp, not every country is as cryptocurrency loving as the U.S.

The private information could also get leaked years down the road by some fool working for your company getting paid 15 bucks an hour putting all of us in grave danger. Any data about Bitcoin holders could become very very expensive years down the road.

The only difference between a debit card and a pre-paid card is that you can reload it, is reloading your card worth your life? I don't think so.

Well, I tell you, there aren't many exchanges that don't require verification. It's a standard process.
Also, you don't have to have a bank account to use our debit card. All you need to do is create an account on ANXPRO (http://bit.ly/anxprobyt), get verified, deposit some BTC, load it into your card, and you can go to the supermarket.

how this work? credit card pay bitcoin? nice

It's a debit card and not a credit card, which means that you can only spend the money you have, and you have no credit.
You load your card with any of our supported fiat currencies or Bitcoin, and it will get automatically exchanged into USD. You can then spend it everywhere.

do i give you private key or what, how i load

No, of course not. All you have to do is create an account on ANXPRO (http://bit.ly/anxprobyt). Once you get verified, you can reserve the card. Once it comes out, you can deposit BTC or fiat to your account, and then load it onto your card. That's it!

can i use doge im a shibe

Wow, it took almost 4.5h until the topic was hijacked. Im truly astonished.
The bold part is especially funny.

And btw: All credit/debit cards are coupled with a bank account, even if you dont see and have no access to it.

We don't support DOGE for our debit card right now, but it will be added alongside other cryptocurrencies in the near future.

Do you have EUR-card also?

Unfortunately, as of now, no. But it will still work worldwide.

Update:

I have now received official confirmation for the price of the debit cards.

0.04BTC: The International ANX Bitcoin Debit Card, delivered to you by standard shipping.
0.06BTC: The International ANX Bitcoin Debit Card, delivered to you by registered shipping with tracking number.
0.08BTC: The International ANX Bitcoin Debit Card, delivered to you by express shipping with tracking number.

Just in case the price crashes to 100$ before you ship. :D

And how long do those options take to the EU and US?

That won't happen! All I see is the price rising after our announcement. If anything happens, we will change the price.

Sorry - I could have sworn I saw a claim about 'Visa' in the OP. I guess I was confused. I withdraw the question, and replace it with another:

If you're not affiliated with Visa, MasterCard, AmEx, etc., how many retailers and other vendors do you expect will be accepting this card? In my experience, each seller only accepts a narrow range of payment networks. And I've never seen one that advertised that they accept ANX-Card.

Well, you can make light of it if you want, but the entire internet _is_ monitored by the CIA, NSA and their foreign counterparts, we don't know _who_ created bitcoin, and Tor was actually conceived, developed, and maintained by the US Navy.

Hi, the card is affiliated with Visa,  It is actually a re-chargeable VISA card. And it can be used in all merchants / vendors which accept VISA e.g. online shopping, any retails  and restaurants. Also it can be used in worldwide ATMs (which support VISA) to withdraw funds.
The card store Maximum value of 3300 USD.

Feel free to ask any more questions!, Regards


ANXPRO (http://bit.ly/1mHdAjh)

Jesus fucking christ, just on the previous page someone has asked what are the limits and you said the only limit is the 2.5% fee now we find out there is also a 3300USD limit.

The 2.5% fee is not a limit, is a fee to transfer funds into the debit card, and the card storage limit is 3300 USD which is pretty good for almost every person who want to use it for shopping, or have money ready.



ANXPRO (http://bit.ly/1mHdAjh)

So

Yeah, sorry about that, due to some communication problems I didn't receive that information. Also, the price for the card isn't $10 either, prices have been updated.

So what if someone loads up, say 15BTC, would the card refill every time the balance goes below 3300$? Are there any 24 hour limits, withdrawal limits, any other sort of limits?

If I load 1btc into the card and the current market price is $600. How much will I have on the debit card?
Do you charge exchange fee on top of the recharge fee?
1btc x $600 - ?% exchange fee - 2.5% recharge fee

Good question. As far as I know, you simply cannot load that much btc, and you would only be able to load a maximum of 5.23BTC, since the limit is $3300. There aren't any other limits as of right now.



No, we don't charge an exchange fee if all you do is load up your card. It would be

1BTC x $600 x 0.975 = $585.

Seems illogical, what if one would want to purchase a car for 15,000$ he could then reload 5.23BTC every couple of seconds and break it down into 3300$ payments? What are you missing?

What if you pay in a different currency? What are your exchange rates? What if you pay in USD abroad, what other fees would incur? What is your policy in case your exchange gets robbed?

There are really many questions and no one qualified to answer them, I have already been tricked into subscribing with my email/name only to find out that this is complete crap.

Our card isn't made for you to buy cars. It's supposed to be used for everyday transactions such as paying for your dinner, buying groceries and such. I assume you don't buy a vehicle every day?
And no, there are no other fees. Our exchange has lots of security features, and most of our funds are stored in cold wallets, far from our office.
We don't have a policy if our exchange gets robbed, but we would repay customers as quickly as possible from our own funds.

But my point is what would theoretically stop one from buying a car? if what you're saying is true then this is a very appealing deal, however if it's false (as I suspect) then it's probably worse than a bank.

Do you have any insurance policy? Any type of legal document that you would provide? I can't exactly take you on your word that you'd repay potential hundreds of thousands of dollars that you claim to have.

We are planning an audit and a proof of reserve which will take place soon. You simply cannot load that much money onto your card to buy a car, and everything I'm saying is true (Although some tiny details may change).
We are a registered company in Hong Kong, and we also have a Money Transmitting license from the MSO in Hong Kong, which is basically the equivalent of FinCEN in the US.

What would stop me from loading 5.23BTC once, spending all of it in a single 3300$ transaction, refilling with another 5.23BTC, spending all the 3300$ again, then repeating the process multiple times?

You can do that, there's nothing to stop you, but do sellers in the US accept stuff like that?

Who said anything about sellers in the US?

I'm hoping some sort of competition will cause the fees to be lowered, on one card or another. I love the convenience here but with having to put your BTC on an exchange there is that added risk that the exchange goes belly up.

Depositing BTC is fast, why wouldn't you deposit BTC every time?

That's good, so I only loose 2.5% in total.

One more question. When we recharge the debit card, can we specify which currency the btc is converted to? For example, I buy and selling in GBP on the exchange, but I want to use the card in Europe. Can I choose EUR upon recharge, or all funds are always converted to USD?

I had the impression that you were from the US.


For now, its always USD, but we will add other fiat currencies soon.

Anyway indeed you can use the card in Europe, the funds will be electronically in USD but if you want to retire funds in a Europe ATM they will be converted at EU at the time of transaction at bank rates and you will get euros.



ANXPRO (http://bit.ly/1mHdAjh)

Bank rates? Not at VISA rates?
What are the bank rates and what are the extra fees for using an ATM?

There are somehow a lot of fees you are forgetting, like the exchange fees of ANX for instance.

The only fee that ANX (http://bit.ly/anxprobyt) charges is 2.5%. It's possible that the ATM operator will charge extra fees, but that differs from ATM to ATM, and that has nothing to do with us.

Of course that has nothing to do with you, but with the card you are distributing.
And the deal doesnt look as sweet, when you look at what some banks pocket when you use their VISA card:
http://raiffeisenpolbank.com/kursy-walut/tabela-kursow-walut
This are spreads of over 10% for each currency on top of the 5$+ for using their card at an ATM.

Since you are dodging questions and the initial cost of the card jumped from 10$ to 25$ in just one day, i have to assume the worst.

The cost of the card was simply unconfirmed when I made the announcement, details hadn't been decided yet. A solution to this would be simply to not withdraw cash at ATMs if your nearby ones has a high fee, and you can just pay for other stuff with your card.

Yes as OP said, indeed the fees can be high using it on an atm and you can avoid it simply by no using them, those prices are not set by us and any other money transmiter who provide international debit cards without requiring bank accounts will have same or higher fees,  the difference here is that you can fund it with bitcoins in a secure way if you want to spend your bitcoins without waiting several days from bank wires or other methods.

ANXPRO (http://bit.ly/1mHdAjh)

Either you guys dont understand me or you are intentionally dodging very simple questions:
Is the issuer of the cards levying any additional fees or using different exchange rates than Visas official one?

Only visa official ones when i said bank rates i was refering to visa rates.
Regards

They are dodging questions the affiliate cannot answer (which is 90%).

Their strategy is cram as many clueless people down the meat pipe as possible.

We are not dodging questions at all. Please refrain from making useless statements without evidence.

I doubt it is anything other than the relationship between the Visa Network and a bank like Chase issuing a Visa card. Visa aren't going to waste their time cutting special arrangements for such small players.

Assuming I'm correct, I find the 2.5% especially weird given that ANX, as a card issuer, will receive merchant interchange fees of 1.54% - 2.24% and make money of the BTC/fiat exchange. Smells fishy to me.

I will take a look on this

The reason I ask is that every previous attempt -- of which I am aware -- of affiliating a BTC-denominated payment card with a major payment processor, for the US market, has failed. Further, previous ones seemed to gravitate to MasterCard rather than Visa.

One might think that there is a high chance of this one failing as well, unless some of the principals involved have very tight relationships with principals at Visa.

Is this legit? Not enough info has yet been provided.

The exchange is very trusted, and the debit card first batch has already been shipped.
We are not any exchange, The ANX Headquarters are located at: Unit 701, 7/F, The Sun's Group Centre, 200 Gloucester Road, Wanchai, Hong Kong.

We have Atms (https://i.imgur.com/eQSJlaa.jpg) there and we cant wait you too meet you in person.
What kind of info do you want?


ANXPRO (http://bit.ly/1mHdAjh)

Actually, the first batch of ANXPRO (http://bit.ly/anxprobyt) cards have already been shipped.

Some sort of statement from Visa that your cards are honored on their network would be helpful.

You can wait to see first users to be able to use their card on any merchant or ATM, this will prove they are Visa, it would be non-sense for us to make hundreds of cards useless so the first user who receive it can state that they dont work and the rest of cards would be useless, not very smart from our side.

Anyway i will give you a list of visa stating us, or you can call directly to visa to get the proof by yourself.

Regards


ANXPRO (http://bit.ly/1mHdAjh)

Amazing stuff you did, i was wondering where do you get so many dollars for exchange, 2.5% fee whoa, nice bussines you're doing over there. Anyways, thanks for the really innovating service and let's request for it...

ANX (http://bit.ly/anxprobyt) has already shipped out the first batch of debit cards, and we have received the second batch in our office! Reserve now, there are many more batches coming soon.

Any experiences yet?
At least with the shipping process?

If you check our facebook page, you will see that we have some photos of satisfied customers with the card.

Bump, Our Bitcoin Debit Card is currently in stock! Get yours.

I´m thinking about ordering the debit card.

However I still have a question about this example, because I live in Europe and therefore I will probably pay additional
fees if I withdraw at an ATM with the debit card because of the involved currency conversion.

On VISAs homepage I only find the statement:

That means that basically you as ANX are responsible for the fees? Or is there a third party from which you get the VISA cards?


Please simply update the example for a citizen from Europe  ;D
1BTC x $600 x 0.975 * x.xxx = $xxx

Thank you for your help.

Assuming that the current price is $600, and you load the card with 1BTC and then immediately withdraw from ATM, you would get:
0.966875BTC

And then, when you withdraw, 0.00458333333BTC would be deducted, leaving you with 0.96229166667BTC.

As there seems to be quite a bit of confusion regarding the Fees for using the Card, here is what I got from support in respons to my question:

Debid Card fees (acording to anx customer support):

Transaction Type (per transaction)   Fee Deducted from
ATM Withdrawal $2.75   Debit Card
ATM Withdrawal Decline $1.25 Debit Card
POS Purchase $1.50 Debit Card
POS Purchase Decline $0.20 Debit Card
Monthly Fee N/A N/A
Card Load Fee $5 USD+2.5% of total amount ANX Account
Card Unload Fee $10 USD Debit Card

I am just in the process of ordering my Card, I will give a feedback once I have recived and used it.

Yes, those fees are correct. The customer above you was just a bit confused.

Thank you for that. It was impossible to get that information here.


I wonder what surprises you guys have up your sleeve next.
Maybe the 3% currency conversion fee mBank is charging?

Hmm... I don't think so, but I am not going to promise anything, since I'm just a support member. I personally hope they don't add any more fees.
Fees and other information is available in the ANXPRO (http://bit.ly/anxprobyt) FAQ, or you can just ask me.

You can bet on it, here are the cards official fees:
https://i.imgur.com/dpNsIlC.jpg

FFS:
1. The cards cost 25$ now.
2. There is a 3300$ limit.
3. There is a maximum cash withdrawal limit of 200$ per day.
4. ATM fee is 2.75$.
5. There is a 3% currency conversion fee.

What kind of business are you guys running?!?
Did your customers know about this? :o

I don't know about the conversion fee :/
I'm very sorry about this, but I've been passing along new information to you guys as it becomes available. I was mislead too.
Details weren't correct back then. I apologize for the inconvenience.

no problem, but I´ve also read on one of the earlier thread pages that you planned to introduce additional
currencies.

I think except from me also many other users from Europe would be interested in this  ;)

I'd be interested too, and be assured, I will inform you guys when that happens. I'm from Europe too!
Sadly, the card with the ANX design is out of stock right now. All we got is cards with a design from the issuer.
For those of you who don't know, the card reloading GUI is now up.

LOL
Have you even read through the topic?
I was inquiring several times about fees and limits since they said all it takes is 2.5% and they didnt have a clue or simply lied.
Now assuming those boxes on facebook carried 1000 cards(very moderate estimate):
https://scontent-b-fra.xx.fbcdn.net/hphotos-xap1/t1.0-9/q84/s720x720/10527650_677654152314859_2618214090453983389_n.jpg
And they claim they have sold several batches already.
What this means is they have scammed thousands of users, while i havent had a single complaint in over a year.
Please check the facts before you post nonsense.

Edit: At least im not lying to my customers and levy extra fees and shipping costs.
Anyway im out, as this was never intended as advertisement for my cards, i was simply astonished how they do it without fees from the issuing bank.

Now, please respect each other. We are doing 2 different things, and there is no need to hate each other just for that.


Actually, just 2 batches, not several.

Well this topic is just for anx, so any real inquiry will be responded here, rest please avoid making spam with non related things. Btw bernard we also not have any single complaint about our cards.

This is exactly what I was asking about you fucking scammer, you should all be thrown in jail for misleading and lying to sell your shitty cards.

I have specifically asked how is it logical that there is only a 3300$ limit and if I could then spend the whole 3300$ and reload the card instantly multiple times (which would effective circumvent the limit so what is the point to begin with).

In any case thanks to bernard for exposing the scam and saving me 25$, I will look into your card as well (as many other people will do too) instead of spending time and money dealing with these lying scammers.

Scamming is basically stealing people's money. We are not doing that. I kindly ask you to stop false accusations without proof.
Thanks.

If I tell you that I'm selling an new Mercedes and after receiving the funds send you an empty beer bottle that will go straight to the trash bin it's scamming, I would be a scammer the same as you scammer.

Well no, we are not doing that. The details have simply been changed, and the customer knows that before he/she buys the card. So no, we are not scamming, and please stop with these ridiculous accusations.

That example is just absurd, you should know that in every country you cant just withdraw hundreds and hundreds of dollars from a atm, and as your words, you dint bought the card so why the complain? you dint receive anything unexpected because you dont even bought it how can it be a scam? see the definition of scam byt411 just wrote, and besides of you that dint buy it , we dont have any single complain from users who really bought the card. thankyou.

Hello,

Just to inform, as following the article crypto coin news just released talking about the bitcoin debit cards fees. http://www.cryptocoinsnews.com/news/fees-killing-bitcoin-debit-card-dream/2014/08/04

There you can see that our card has many advantages over xapo one.

Xapo fees

http://www.cryptocoinsnews.com/wp-content/uploads/2014/08/Xapo-Fees.png

Anx pro fees

http://www.cryptocoinsnews.com/wp-content/uploads/2014/08/ANX-Fees.png

As you can see xapo withdrawal fee goes from $3.50 to $4.50 , ours is $2.75.

our card does not have monthly fee or card replacement fee among others.

Regards Anxpro

Hi,

I have read the Debit Card' FAQ on ANX website and that mentionned a lifetime maximum of USD $3300 by card...
So once u spend your $3300 u can't recharge the card, is it ? u have to buy another one ?
thx ANX Team to reply
Regards

Yes thats correct, you can order a new one once reached that limit.

f***k you,  if i know this info/limit ,(that cant recharge after $3300) , i never order it

"Your ANX Bitcoin Debit Card has been dispatched! "    on the 6 of August but nothing arrived

is it possible to cancel my order ?  it would be perfect

ANX review:

ANX Customer Support: From my experience, they are very friendly and responsive. I had quite a lot of questions before ordering the Card and always received an friendly (and constructive) answer within 24 hours.

ANX Website: Well takes quite a bit of getting used to (at least for me), once you understand that ANXBTC.com, ANXPRO.com and anxinternational.com are all connected its quite easy to use.

ANX Trading experience: Overall the liquidity is rather good, trade engine is smooth and instant, Fees are OK but not that good (0.3% limit order, 0.6% market order), only bad thing is (IMO) that there is no way to see the exchanges trade history (personal history only is visible)

ANX DebitCard: It delivers what they promise, nothing more nothing less. If you are OK with the rather high fees (but that is quite normal with credit/debit cards) and the initial cost of ordering, then its a great thing. Personally though I find that ANX should be more open with the fees (as well as that there is a 3000$ annual limit), that could be a bad surprise for those that did not do proper searching before ordering.


My experience with ANX and the Debit Card:

First of, over all I am very satisfied with ANX.
I opened an account at ANX and submitted my verification documents. Next day already I received an e-mail that my verification was excepted and that an validation code has been send via traditional post service to the address I submitted for verification. <<< Note: The account is not yet verified before you receive that code.
Even though I had not yet received the verification code I could already order the Debit card, which I did. As I live in South America and the Card is sent from Hong Kong, it took 3 weeks until I received it. Funny thing is, the verification code was sent from Brasil (neighboring country from where I live) but had not yet arrived when I received the Card.
I then sent ANX support a email with a picture of the card and the Letter and asked them to manually verified my account, which they agreed to and immediately verified my account.

Loading the card took an additional two business days, so its not instant as I had hoped for, but two business days isn't to bad.

Next day, after receiving confirmation that the card had been loaded, I made a test withdraw at a ATM and it worked flawless, no problem at all.

Thank you very much for this review. If there are any problems, please do not hesitate in contacting us.
Would you mind cross-posting this review in our thread? Thanks.
https://bitcointalk.org/index.php?topic=425451.0

I got two ANXBTC red cards (UnionPay) and i have received them but they didn't came with a pin number so I cannot use them on any ATM (i am being asked for a pin every time, if i don't enter the correct one, the transaction is cancelled). Same happens on shops. Most of shops in my country ask for a pin when paying.

Sent a mail to support but no answer yet.

Lost money?

You're suppose to run the transaction as if it was a Credit Card. (No pin)

It varies from country to country, but all Credit and Debit Cards usually have PINs.
The problem above has been resolved.

ROFL
This is ANXism on a whole new level.

user identifier when trying to log in and check the balance(https://anx.cards/login) im not sure what to put there..?

You can compare bitcoin debit cards and their fees here!

https://www.cryptocompare.com/wallets/#/cards