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Author Topic: How many people are using Bitcoin debit card?  (Read 10254 times)
BIT-Sharon
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July 27, 2015, 05:59:32 AM
 #61

Do you know in which countries that bitcoin credit cards are issuing?
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aakashsangwan
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July 27, 2015, 05:25:30 PM
 #62

I personally prefer bit-x but never applied for it.
I will wait for this service for wide adaption.

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August 07, 2015, 06:13:13 PM
 #63

Xapo, Bit-X and CCEDK are all similar regarding the cards and how they work.

Most can be used in any country that hasn't limited bitcoin. Those cards behave just like credit cards.

Just be sure to read the fine print: costs are rather high and there are spending limits. Those limits can be removed when you verify identity and when you do that, make sure to declare funds at tax time. That's mainly why the verification is there.

Overall a great card to have in my opinion!
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August 07, 2015, 09:04:59 PM
 #64

I have one, but I am not using it, just tried it out. Well, it's a great thing if you don't mind fees. It works great, you can actually spend your bitcoins and pay with bitcoins everywhere. But fees are still very high so for me it doesn't still make any sense using it on a daily basis.

I am sure, that as market matures and competition heats up, the fees will also drop and then these cards will be more user friendly.
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August 08, 2015, 05:16:04 AM
 #65

I have one, but I am not using it, just tried it out. Well, it's a great thing if you don't mind fees. It works great, you can actually spend your bitcoins and pay with bitcoins everywhere. But fees are still very high so for me it doesn't still make any sense using it on a daily basis.

I am sure, that as market matures and competition heats up, the fees will also drop and then these cards will be more user friendly.

You are indirectly cashing out your bitcoins and that is something I heavily advise not to do, you are not actually buying things with bitcoins but exchanging your bitcoins for goods and services, and every time you do, you are also paying pretty hefty conversion charges as well as transaction charges, I don't think these cards could be that great a deal right now. I don't really advise on using it.
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August 08, 2015, 05:26:03 AM
 #66

I have never used it and neither am I planning to do in the future. To use any of these cards you have to make accounts at a third party service such as Bit-x or Xapo etc. and to use these cards you have to keep balance in your accounts at these services and I don't like keeping my Bitcoin funds anywhere but in my secure cold wallet. As far as purchasing the stuff online with it is concerned, you can use your own debit/credit cards issued by your banks because basically that's what these cards are doing it too, any time you purchase something online with these cards from a service that doesn't accepts bitcoin, the coins in your account are sold for fiat and then you use that to buy anything that you buy and you pay a higher fees doing it.

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August 08, 2015, 05:35:38 AM
 #67

I have never used it and neither am I planning to do in the future. To use any of these cards you have to make accounts at a third party service such as Bit-x or Xapo etc. and to use these cards you have to keep balance in your accounts at these services and I don't like keeping my Bitcoin funds anywhere but in my secure cold wallet. As far as purchasing the stuff online with it is concerned, you can use your own debit/credit cards issued by your banks because basically that's what these cards are doing it too, any time you purchase something online with these cards from a service that doesn't accepts bitcoin, the coins in your account are sold for fiat and then you use that to buy anything that you buy and you pay a higher fees doing it.

So in short, people using these cards are not only wasting time by buying btc>buying card>using card>paying for goods and services through that card>paying transaction fees and conversion fees> where they could have just used their debit card directly. Either I am missing out on something or I really do not understand what's the use of these cards? Get a card and cash out your investments? NAH
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August 08, 2015, 06:03:58 AM
 #68

I've used Bitplastic in the past but I've stopped using the card since I actually don't want to spend too many coins lately Smiley
I have no complaints about their service though.


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Miracal
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August 08, 2015, 04:06:27 PM
 #69

I've used Bitplastic in the past but I've stopped using the card since I actually don't want to spend too many coins lately Smiley
I have no complaints about their service though.

I have never really liked any such cards, but I very rarely use the bit x card for such purposes. Although I am strictly promising myself to never cash out my bitcoins in the future again, rather add more to what I currently possess. Going to buy some btc very soon, the halving has no affect on my decision either way Cheesy
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August 09, 2015, 10:02:59 PM
 #70

I never knew bitcoin debit cards existed before reading this.  I would probably never use them, as I only really use bitcoin for hobby things.

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August 22, 2015, 09:23:58 AM
 #71

I didn't used bitcoin debitcard. I don't no about it! Using a debit card is more better l think. It is only my pesonal opinion.

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aakashsangwan
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August 22, 2015, 09:35:26 AM
 #72

I didn't used bitcoin debitcard. I don't no about it! Using a debit card is more better l think. It is only my pesonal opinion.
Yes of course. Currently using the retro fiat debit cards is profitable.
Because currently the bitcoin debitcards are overpriced and after some time its prices would probably come down.
So in my opinion also it is not good to use those cards right now, i'll wait for sometime before using those.

dollarneed
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August 22, 2015, 11:18:34 AM
 #73

anyone using coinocard from coinomat? here https://coinomat.com/cards.php
review please Smiley
iam just wondering about it
thank you

aakashsangwan
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August 22, 2015, 05:15:59 PM
 #74

anyone using coinocard from coinomat? here https://coinomat.com/cards.php
review please Smiley
iam just wondering about it
thank you
This debit card doesn't even sound good to me.
I mean, OK it's good that they have removed the monthly but I have not found any inactivity fee.
Just a question coming in my mind..... Do all Bitcoin debit card companies request/demand the completion of  aml/KYC in process of Giving us the debit cards? Huh
If yes then I'll never think about using one in my life. Because I use bitcoins to stay anonymous.

acquafredda
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August 22, 2015, 06:32:06 PM
 #75

anyone using coinocard from coinomat? here https://coinomat.com/cards.php
review please Smiley
iam just wondering about it
thank you

It is very expensive compared to other bitcoin debit cards which are currently available on the market.
The fees for everyday use are simply too high

Card fees
Issuance:   15,99€ / $19,99
Monthly fee:   none
ATM International withdrawal:   2.80€ / $3.50
FX exchange fee:   2.75%
Loading fees:   Coinomat exchange rate plus 3€ or $3 fixed fee
PoS transaction:   0.55€ / $0.75

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flock123
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August 22, 2015, 07:45:34 PM
 #76

I am sure there are many people who use a BTC debit card in this forum, but they might just see us
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August 23, 2015, 06:53:25 AM
 #77

i dont know about this.
cause im not used, i still exchange my btc on the bank.
yeah, like a barbar right?
may be if i think, many people use it. cause is very simple to use,

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August 23, 2015, 07:03:39 AM
 #78

I didn't know there's a bitcoin debit card but my thoughts on it
but i think i won't use it though if i have a debit card i will be spending
like no tomorrow and become broke faster than ending my day

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August 23, 2015, 03:39:11 PM
 #79

many people use it.
as we know debit card is more easy in use.
and not make trouble.
HarHarHar9965
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August 23, 2015, 04:03:26 PM
 #80

many people use it.
as we know debit card is more easy in use.
and not make trouble.

I don't feel it to be pretty reasonable because of the transaction fees it takes for exchange, and I would rather spend my bitcoins directly, and use my normal fiat/bank debit card for purchases and online shopping or withdrawing or whatever, because it is less complicated and I do feel there should be trade of assets in order to increase its value, but I don't like spending my assets too much, and treat it like currency right now.
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