Bitcoin Forum

If I may ask, what is the advantage of using credit card bitcoins?Can it benefit us? Or just make us incur losses,With unstable bitcoin prices, seems to be making us a incur losses ,!

Well that's just dumb.  Bitcoin and altcoins are in an extremely dramatic bull market, so with regular use it would be better for you, at least for now.  

Still, using a Bitcoin "credit card" means that you're actually converting to fiat to spend instead of spending bitcoin - this means that you're not encouraging merchant adoption by spending at places that actually accept it.

You're also forfeiting the main benefit of Bitcoin, which is that you have responsibility over your money.  A credit card like this is basically an online wallet, and you're not controlling it yourself.

There is no advantage as such.It is more reliable to just your card instead of logging into your wallet every time you have to make a payment "onsite".
For your regular transactions online ,card won't help much but incase you live in a city where bitcoins are accepted in stores and all you can always carry a card with you.
About the prices ,nothing much to say since the prices remains te same regardless.Also some cards do come with service fees which can potentially increase your purchase.

Well, for me I am happy using bitcoin so far. So I don't think that bitcoin credit card is not a good things for me because as we all know all credit card company are regulated industry While Bitcoin is decentralized, therefore my answer is I am not in favor of Bitcoin credit card because we are the bank of our own bitcoin.

First of all, there are no bitcoin credit cards, only bitcoin debit cards. What is main benefit of these cards? Well, it allows to pay with bitcoins for purchases wherever cards is accepted. So, it helps to use ypur bitcoin in real life.

i think Credit card would be very difficult to keep your bitcoin safe and sound all the time as your hardware wallet can be, as for you online transaction card wont help much because there must be very difficult to get through its whole process, bitcoin is now accepted in some of the markets and it is now providing a huge profit to everyone, about the price it is already increasing day by day, it would reach the highest rates very soon so I would like to suggest online wallets instead of credit card.

There are some reasons to use the bitcoin debit cards, one of them is if you can't exchange the bitcoin for fiat within a short period of time.
Then another one is spending the bitcoin online like a credit card, but remember that the fees are very noticeable.
Recently the limit has been dropped almost on every credit card processor/service like wirex etc to maximum of 250 USD to spend monthly.

The various companies like Bitpay and Xapo offer debit cards as opposed to credit cards for Bitcoin, since it is difficult to go after someone for credit on an asset that most governments don't even recognize legally speaking. A BTC debit card will not make you incur any kind of losses other than what you'd experience normally from the market. I'm not sure how you draw that kind of conclusion.

If the same as fiat means the same as ATM real money, which is stored with the bank then on the sidelines of the bank inserted into the card with the number of numbers, which only distinguish the name alone, ATM uses real currency. If Bitcoin is in digital form then Conference becomes currency. Maybe like that

Yes ofcourse it can benefit us if bitcoin credit cards will be issued and bitcoins atm will be around the world now or later.It would be easy for us to convert and get money into it.Only disadvantage of that i think is identity theft i think

To be frank the only advantage of using credit card bitcoins is that it would be easier to spend because it is a credit card and many accepts it. It can benefit us because sometimes it is easier to convert bitcoin to fiat this way, but it discourages bitcoin adoption. The only losses you will incur with bitcoin credit card the normal loss you will have when market moves, and also some fees, nothing more.

I agree. This is true, but there really is not much more options available at the moment. If you want to use your Bitcoin you need to first sell it, convert it to fiat and then purchase commodities. Fiat opens a wider diversity of goods to purchase. This, of course, needs to change if Bitcoin is to work. Bitcoin needs to rise further in popularity and become accepted by various vendors. This must happen in order for Bitcoin to attain its goal as the first successful decentralised currency. We are seeing more mainstream attention for Bitcoin. So maybe this future is just around the corner.

For me, maybe if the dev. of the credit card will allow the fast transfer of the transaction maybe it is good enough but if not and may have the same feature or the same slow transaction then I guess there is no advantage of having credit card at all.
And so bitcoin credit card will fall into bank? The feature of anonymity will be erase then that so sad because in credit card it needs some of your information like name, age and address.

Most of bitcoin debit card have option to deposit bitcoin first and than you have to load your card interms of fiat. So I don't think you will loss anything when using those cards due to price fluctuation of bitcoin.

There are many advantage of using bitcoin debit cards specially when doing online shopping. As bitcoin is still not accepted by many merchants around the world, these cards can be used almost anywhere where credit cards are accepted and even in ATMs to quickly spend and use your bitcoins.

Not only bitcoin there are many card providers that accept multiple alts for deposits, which I find really useful and I am using one of those debit card to spend on domain registration, hosting and facebook advertising.

Personally, I would rather do something along the lines of just selling the Bitcoin and then paying off the Credit / Debit card with the money made from selling the bitcoins which you're probably going to be earning on a set schedule. I feel as if the current bitcoin cards are just going to get you into more fees and the volatility of the BITCOIN currency itself isn't going to help you when you want to make these transactions happen. I'd rather have the flexibility of a normal card and the reliability of a normal card which is going to be fine and even help you in the long run with helping you build up a credit score.

It may discourage adoption of Bitcoin, but it does give people an incentive to use their bitcoin and allows them to use it. This changes it from their bitcoins just sitting around and not doing anything, so I guess it does help depending on the way you look at it.

But what about the possible losses that may be very large when we pay the credit card itself, for example "if we spend bitcoin when bitcoin prices in the range of $ 2600 and we pay credit cards bitcoin for $ 3000" Is This not a big loss? Looks like using bitcoin credit cards will only make us poorer, right?

Maybe in future, but not now, definatly :(

Debit cards are a huge boon to people in countries with crappy exchange situations if they're looking to spend or cash out a little.

The big operators now send cards to a lot of countries. Some of them with barely any Bitcoin presence at all. You pay a foreign currency fee but it still beats meeting some geezer in a souk to get some cash.

Here's Xapo's list - https://support.xapo.com/which-countries-can-the-xapo-debit-card-be-shipped-to

With so many banks and countries that have not acknowledged the existence of bitcoin, it seems that bitcoin credit cards have not been profitable for use let alone to wear

I think credit card bitcoins are not recommended at all because of its unstable price which can be high or low we cannot predict when it should be increases or decreases. If we got our credit card bitcoin at the 1st place and the bitcoin value is high of course it is also good for us and it is really favor for us but when it decreases it will also make us lose.

That's really dumb. Why would you need a credit card?? You already have a wallet.

I think that we don't need bitcoin credit card! but its okay if we have bitcoin atm card that we can cash-out our bitcoin anytime.

The advantage is that you can use your card everywhere and since you are funding it with bitcoin then that means you can use bitcoin anywhere you may like but to be honest using bitcoin like that defeats the purpose of bitcoin which is to be a currency in itself that does not need the use of banks and any other settlement system besides bitcoin.

I really want to have a card called bitcoins credit card ,, not I also want but for all bitcoin players let alone there is also bitcoin atm around the world must be very good.

I really do not get the idea of making bitcoin ATMs and now BTC credit cards while in order to make any sort of transaction in bitcoins, you just need internet and mobile with wallet. However, if we have BTC cards which will allow us to directly pay in bitcoins will help bitcoiners a lot all around the world. It will also increase the fame of BTC.