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Author Topic: How many people are using Bitcoin debit card?  (Read 10311 times)
Nautiluss
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September 01, 2015, 08:52:51 PM
 #141

Have you tried to withdraw all your bitcoin to fiat cash through ATMs ? Because somewhere i read that it is limited to 70% and somewhere 90% both posts are from marcotheminer, is any of these true or it is 100%.
Are the fees as advertised or more than that from your experience?

No... I always had 30% to 40% of my coins remaining in the account. And regarding the fee, I think it is as per the rate given in their website.

Because, normally I pay around BTC0.01+3% as fee for withdrawing cash using the Bit-X card. BTC0.01 is Bit-X commission,while around 3% is the commission charged by Mastercard.   

Thanks for the feedback, I read a post from marcotheminer about this percentage at the begging it was 70%
Then they increased to 90% because of the fees and the conversation from BTC to fiat (usd or eur).
It should give some room to proceed the fees that's why it is 90%.
Yeah i saw these fees has been decreased a bit but still a bit expensive.

If its expensive, then why would anyone want to adopt something like it?

Yeah, it can be convential comforting, but knowing to pay extra when I can use my smartphone to do the same transaction doesnt make sense to me.  Tongue
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September 01, 2015, 09:05:41 PM
 #142

Have you tried to withdraw all your bitcoin to fiat cash through ATMs ? Because somewhere i read that it is limited to 70% and somewhere 90% both posts are from marcotheminer, is any of these true or it is 100%.
Are the fees as advertised or more than that from your experience?

No... I always had 30% to 40% of my coins remaining in the account. And regarding the fee, I think it is as per the rate given in their website.

Because, normally I pay around BTC0.01+3% as fee for withdrawing cash using the Bit-X card. BTC0.01 is Bit-X commission,while around 3% is the commission charged by Mastercard.  

Thanks for the feedback, I read a post from marcotheminer about this percentage at the begging it was 70%
Then they increased to 90% because of the fees and the conversation from BTC to fiat (usd or eur).
It should give some room to proceed the fees that's why it is 90%.
Yeah i saw these fees has been decreased a bit but still a bit expensive.

If its expensive, then why would anyone want to adopt something like it?

Yeah, it can be convential comforting, but knowing to pay extra when I can use my smartphone to do the same transaction doesnt make sense to me.  Tongue

It is expensive for us that don't have much bitcoin movement/to spend.
If i had at least 10BTC then i would order one as the fees in this case will be to little comparing to the amount of bitcoins.
Can you share how by smartphone, what do you mean exactly?

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September 07, 2015, 01:35:01 PM
 #143

not yet interesting for me.
but thi principle seems ok.

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September 07, 2015, 01:48:36 PM
 #144

yes i use bitcoin debit card and it is really convenient bcos i live near an atm and i can withdraw my bitcoins to cash anytime instantly!

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September 07, 2015, 04:21:20 PM
 #145

Maybe 10 or maybe 1000's.But me not using. However Bitcoin Debit Card is very useful now these days  Smiley

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September 07, 2015, 05:39:18 PM
 #146

I thought of trying the Bit-x debit card once because it was the first bitcoin debit card i ever hear of.
But...
 Never used it because there were already many people complaining about the "high fees".

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September 07, 2015, 05:41:44 PM
 #147

Looking forward to buying one, and I'm promised its gonna be as simple as a normal debit card.



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September 07, 2015, 06:46:06 PM
 #148

I'm planning to have one cuz I've read a lot of positive reviews regarding to bitcoin debit card. It seems very useful and convenient but I'm a little bit worried 'bout the fees


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September 07, 2015, 10:01:55 PM
 #149

yes i use bitcoin debit card and it is really convenient bcos i live near an atm and i can withdraw my bitcoins to cash anytime instantly!

Can you share with us which bitcoin debit card are you using?
I have in mind only 2 "main" trusted debit cards bit-x and coinomat debit card.
Is there any list when i can check each one benefits and their fees, because i am thinking to have one but just don't know which one to choose.

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September 08, 2015, 02:59:24 AM
 #150

i dont know people interesting to using bitcoin debitcard or not. but i have waiting bitcoin debit card can use in my country but i think it's impossible

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September 08, 2015, 03:09:58 AM
 #151

the consept of bitcoin debit cards are ok for this type of cryptocurrency system but the fees are way to high I mean skyhigh :p many peoples told me that they are stop using their bitcoin debit cards due to high fees..
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September 08, 2015, 05:30:37 AM
 #152

Not yet interesting about bitcoin debitcard, because i convert my bitcoin to $, and i send to my debitcard (bank)
after it i use it my debitcard to buy anything Cheesy

long way but i like it,,,




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September 08, 2015, 02:07:33 PM
 #153

With Bit-x and Xapo you do not need to send bitcoins to anyone. The debit cards they have are directly linked to your wallet. So each time you make a purchase on the card the value of that transaction is taken directly off your wallet. So no need to first convert the bitcoin to fiat, it all happens in the background when you make a transaction.

I have been reading today for few hours about debit cards and these two fits my needs,
What i am mostly interested is about Xapo debit card, i don't see there sell/buy orders to see the current price
Current in Xapo buy price is $247 and in Coindesk price is $244.4 what rate will it take when i want to cashout in ATM?

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September 08, 2015, 02:11:20 PM
 #154

I`m not interested in bitcoin debit card yet, since there are not many merchants anyway, and i would need more trust in them to be able to use that.

Identity theft is a big issue nowaday, and i would not give my personal data to untrustable people.


So i`ll wait a few more years until this industry becomes more stable, and more merchants accept it, then I`ll look into it more. Definitely a bitcoin debit card would be perfect in the future.

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September 08, 2015, 04:56:11 PM
 #155

Bitcoin debit card was kinda interesting for me. I'm really planning to use it but had some difficulties choosing one. Do you guys have any recommendations?
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September 08, 2015, 04:59:55 PM
 #156

Bitcoin debit card was kinda interesting for me. I'm really planning to use it but had some difficulties choosing one. Do you guys have any recommendations?
I'm buying one from here https://bitcointalk.org/index.php?topic=917350.0 you could check it out, or maybe stick with bit-x but I heard they had huge fees.



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lorylore
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September 08, 2015, 08:50:07 PM
 #157

Bitcoin debit card was kinda interesting for me. I'm really planning to use it but had some difficulties choosing one. Do you guys have any recommendations?
I'm buying one from here https://bitcointalk.org/index.php?topic=917350.0 you could check it out, or maybe stick with bit-x but I heard they had huge fees.

I checked this thread and also check in their website.
The rates it's a bit different from the real price of bitcoin (coindesk price vs e-coin.io rate)
Could you make a review and post here, i can't see any fee there just $17 for the card to be shipped.

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mrhelpful
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September 08, 2015, 08:57:18 PM
 #158

Bitcoin debit card was kinda interesting for me. I'm really planning to use it but had some difficulties choosing one. Do you guys have any recommendations?
I'm buying one from here https://bitcointalk.org/index.php?topic=917350.0 you could check it out, or maybe stick with bit-x but I heard they had huge fees.

I checked this thread and also check in their website.
The rates it's a bit different from the real price of bitcoin (coindesk price vs e-coin.io rate)
Could you make a review and post here, i can't see any fee there just $17 for the card to be shipped.

Just like anything, I`m pretty sure you`ll see the fee after you get the card.

I know marketing does enough to think its only $17 but in reality they need to make a profit, which it`ll show after you use their card if you cant find it.
lorylore
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September 08, 2015, 09:10:32 PM
 #159

Bitcoin debit card was kinda interesting for me. I'm really planning to use it but had some difficulties choosing one. Do you guys have any recommendations?
I'm buying one from here https://bitcointalk.org/index.php?topic=917350.0 you could check it out, or maybe stick with bit-x but I heard they had huge fees.

I checked this thread and also check in their website.
The rates it's a bit different from the real price of bitcoin (coindesk price vs e-coin.io rate)
Could you make a review and post here, i can't see any fee there just $17 for the card to be shipped.

Just like anything, I`m pretty sure you`ll see the fee after you get the card.

I know marketing does enough to think its only $17 but in reality they need to make a profit, which it`ll show after you use their card if you cant find it.

That's why i need to see the reviews from people that are using it.
More people using it more real are the reviews, i have researched for bit-x and seems good.
Also i am a bit confused about the Xapo because something is hidden that don't want let us known about these hidden fees(processing fees etc.)

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NoRespect
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September 10, 2015, 01:23:59 PM
 #160

now there are many people who use debit cards bitcoin, because there are many countries that have not mengaki bitcoin, besides there are also some countries that forbid using bitcoin
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