I just tested out a bitcoin debit card and it worked!

[aakashsangwan]

Is there any monthly fee?
Or any kind of inactivity charges?
And what about the fee per transaction.

[Elwar]

Is there any monthly fee?
Or any kind of inactivity charges?
And what about the fee per transaction.

https://bit-x.com/guide/bitx-cards

Commissions & fees

Fees    BIT-X commission    Bank commission
Card activation    0.05 BTC    -
Card delivery via airmail    0.05 BTC    -
Card delivery via DHL    0.30 BTC    -
Monthly fee - FREE for the first 10000 users    0.02 BTC    -
Cash withdrawal at ATM    0.01 BTC    3%
Payments (POS)    0.002 BTC    1%

[teddy5145]

I heard a lot about signature campaign and bit-x but i still don't know how exactly i can make money with bit-x.

 can you explain This for me please ?

Basically you will put a signature that advertised Bit-x and it will show up every time you posted something on this forum (Just like my signature from secondstrade) and Bit-x will pay you for how many post do you make in a week

For now Bit-X only accept senior member and up so you're not eligible for the campaign
There are signature campaign for newbies, just check this topic
https://bitcointalk.org/index.php?topic=615953.0
Hope this helps 

[acquafredda]

The internet site of the Bitcoin nanocard is not reachable at the moment

https://nanocard.eu/

Anyway I share the concerns regarding the fact that it is very expensive and very limited if you have a limit of 250€ per year.

Those fees need to go down.

[Hyena]

wow nice exprience iam looking for some testimonial about bitcoin debit card,i think this is good way to spend our bitcoin in merchant but i want to ask you some question about bitcoin debit card.
1. The first questionis there are some people ( most of them never using it before) who said that the fee of the bitcoin debit card is very high,so what do you think about it and any solution?
2. And the last question as i know that in my country i cant buy anything at physical market or merchant with real bitcoin,is there a chance i using this card for make purchase at that merchant ?

I don't think that even a 3% fee is too high. If you try to trade your coins OTC you are probably going to pay as much as 10% premium. 3% is just about OK and 1% is absolutely OK. You pay 0.5% to bitstamp just for trading. You pay some money to you bank for the transfers. All of this sums up to 1%. Whining about 1% is hilarious. Whining about 3% fee is also weird because you only pay it when you use ATM. If it's too much, don't fucking use the ATM.

How does the credit card set its limit for overdrawing and how to evaluate this credit of the applicant?

You cannot spend more than 70% of your balance.

The internet site of the Bitcoin nanocard is not reachable at the moment

https://nanocard.eu/

Anyway I share the concerns regarding the fact that it is very expensive and very limited if you have a limit of 250€ per year.

Those fees need to go down.

WTF? Again with the fees being too high. What's wrong with you? Those fees are absolutely OK, do some math and see what fees you would have to pay for OTC trades and in localbitcoins.

[Elwar]

If you look at the fees, it is mainly from the bank fees (1% for POS and 3% for ATM).

So there is very little wiggle room the Bitcoin card companies have to play with.

[acquafredda]

I'm only talking about the usage fees like ATM withdrawals and POS transactions. Those are high for me.
Maybe you're richer than me but in any case if you don't want to verify your account and you have to stick to the 250$ limit those fees make this a little expensive.
This is how I see it.

But no one here is doubting the value of such a service!

[DooMAD]

Sounds tempting, but who holds the private keys to the wallet?

CCEDK is placing their ledgers on the blockchain so they cannot get Goxed.  CCEDK cannot touch your funds.  Problem solved.

You only need to trust Satoshi and you.

I don't think I've ever heard of an exchange where the users are in control of the private keys.  It might be on the blockchain, which is an improvement on what most exchanges are doing, but they must retain control of the keys or they wouldn't be able to facilitate trading, would they?  Or is it a separate wallet for the debit card?  Either way, I'll be having a closer look at CCEDK, as they're about to add Qora trading and it's probably my favourite alt.  Hopefully they're as good as they sound.

[jdebunt]

I don't think I've ever heard of an exchange where the users are in control of the private keys.  It might be on the blockchain, which is an improvement on what most exchanges are doing, but they must retain control of the keys or they wouldn't be able to facilitate trading, would they?  Or is it a separate wallet for the debit card?  Either way, I'll be having a closer look at CCEDK, as they're about to add Qora trading and it's probably my favourite alt.  Hopefully they're as good as they sound.

Your CCEDK account becomes your wallet, and you will have full control over the funds at any given time.

[fryarminer]

I don't think I've ever heard of an exchange where the users are in control of the private keys.  It might be on the blockchain, which is an improvement on what most exchanges are doing, but they must retain control of the keys or they wouldn't be able to facilitate trading, would they?  Or is it a separate wallet for the debit card?  Either way, I'll be having a closer look at CCEDK, as they're about to add Qora trading and it's probably my favourite alt.  Hopefully they're as good as they sound.

Your CCEDK account becomes your wallet, and you will have full control over the funds at any given time.

I find it hard to understand. Can you give me a link where they say that users keep their private keys?

[madonnino]

I don't think I've ever heard of an exchange where the users are in control of the private keys.  It might be on the blockchain, which is an improvement on what most exchanges are doing, but they must retain control of the keys or they wouldn't be able to facilitate trading, would they?  Or is it a separate wallet for the debit card?  Either way, I'll be having a closer look at CCEDK, as they're about to add Qora trading and it's probably my favourite alt.  Hopefully they're as good as they sound.

Your CCEDK account becomes your wallet, and you will have full control over the funds at any given time.

then you have the private keys ? if you do not have the private keys of the wallet , you are not in possession of yours bitcoin

[DooMAD]

I don't think I've ever heard of an exchange where the users are in control of the private keys.  It might be on the blockchain, which is an improvement on what most exchanges are doing, but they must retain control of the keys or they wouldn't be able to facilitate trading, would they?  Or is it a separate wallet for the debit card?  Either way, I'll be having a closer look at CCEDK, as they're about to add Qora trading and it's probably my favourite alt.  Hopefully they're as good as they sound.

Your CCEDK account becomes your wallet, and you will have full control over the funds at any given time.

I'm guessing in the same way that webwallet users, like blockchain.info users, have control over their funds?  The key is kind of hidden away, so that only automated processes can use it, designed so their employees and the outside world can't access it (as long as security holds up), but the user can still move funds around.  It's still not quite the same thing as having the private key, though.  You're still relying on that third party to keep your funds secure and you aren't technically in full control.  If people are responsible and don't leave more money on there than they can afford to lose, there shouldn't be too much drama.  That's still a big "if", though, heh.

[fryarminer]

I don't think I've ever heard of an exchange where the users are in control of the private keys.  It might be on the blockchain, which is an improvement on what most exchanges are doing, but they must retain control of the keys or they wouldn't be able to facilitate trading, would they?  Or is it a separate wallet for the debit card?  Either way, I'll be having a closer look at CCEDK, as they're about to add Qora trading and it's probably my favourite alt.  Hopefully they're as good as they sound.

Your CCEDK account becomes your wallet, and you will have full control over the funds at any given time.

I'm guessing in the same way that webwallet users, like blockchain.info users, have control over their funds?  The key is kind of hidden away, so that only automated processes can use it, designed so their employees and the outside world can't access it (as long as security holds up), but the user can still move funds around.  It's still not quite the same thing as having the private key, though.  You're still relying on that third party to keep your funds secure and you aren't technically in full control.  If people are responsible and don't leave more money on there than they can afford to lose, there shouldn't be too much drama.  That's still a big "if", though, heh.

The question to ask is, ok. Suppose tomorrow CCEDK files bankruptcy. How do you spend the 5BTC that you have on their account? (Last I read if you keep 5BTC on their service you do not get charged an inactivity fee)
Now if you cannot recover your bitcoins in a scenario like that, you do not have full control of your funds at any given time.

[marcotheminer]

I don't think I've ever heard of an exchange where the users are in control of the private keys.  It might be on the blockchain, which is an improvement on what most exchanges are doing, but they must retain control of the keys or they wouldn't be able to facilitate trading, would they?  Or is it a separate wallet for the debit card?  Either way, I'll be having a closer look at CCEDK, as they're about to add Qora trading and it's probably my favourite alt.  Hopefully they're as good as they sound.

Your CCEDK account becomes your wallet, and you will have full control over the funds at any given time.

I'm guessing in the same way that webwallet users, like blockchain.info users, have control over their funds?  The key is kind of hidden away, so that only automated processes can use it, designed so their employees and the outside world can't access it (as long as security holds up), but the user can still move funds around.  It's still not quite the same thing as having the private key, though.  You're still relying on that third party to keep your funds secure and you aren't technically in full control.  If people are responsible and don't leave more money on there than they can afford to lose, there shouldn't be too much drama.  That's still a big "if", though, heh.

The question to ask is, ok. Suppose tomorrow CCEDK files bankruptcy. How do you spend the 5BTC that you have on their account? (Last I read if you keep 5BTC on their service you do not get charged an inactivity fee)
Now if you cannot recover your bitcoins in a scenario like that, you do not have full control of your funds at any given time.

With bit-x, there are no monthly fees whatsoever, not even inactive fees. Should be likewise with CCEDK since they are partners. If any company declares bankruptcy I imagine you can't access any funds.

[fryarminer]

My card arrived today. I ordered it from CCEDK. I paid more for it than is listed now, but hey, I paid what they asked when I ordered it!
It arrived on bit-x letterhead, and the activation site is bit-x, not CCEDK.
I'm reluctant to activate the card. I spend $250 a day, $250 limit for a whole year would make this merely a novelty item, and I'm reluctant to sign up at yet another website just for that.

[Hyena]

My card arrived today. I ordered it from CCEDK. I paid more for it than is listed now, but hey, I paid what they asked when I ordered it!
It arrived on bit-x letterhead, and the activation site is bit-x, not CCEDK.
I'm reluctant to activate the card. I spend $250 a day, $250 limit for a whole year would make this merely a novelty item, and I'm reluctant to sign up at yet another website just for that.

I'm planning to verify my account eventually to get the 2500 eur limit.

[fryarminer]

My card arrived today. I ordered it from CCEDK. I paid more for it than is listed now, but hey, I paid what they asked when I ordered it!
It arrived on bit-x letterhead, and the activation site is bit-x, not CCEDK.
I'm reluctant to activate the card. I spend $250 a day, $250 limit for a whole year would make this merely a novelty item, and I'm reluctant to sign up at yet another website just for that.

I'm planning to verify my account eventually to get the 2500 eur limit.

That would be cool. I could live with that. But you can't get that in the U.S.
Without the low limit, and now without the inactivity charge, it would be a sweet card.