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Author Topic: Have you used Bitcoin as Real money to buy Real/physical goods?  (Read 30584 times)
VeritasSapere
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September 26, 2015, 08:27:30 PM
 #201

Paid for some middle eastern food with Bitcoin today, I also went to the reinvent money conference in Rotterdam and saw Kax Keiser and Andreas Antonopoulos speak. Paid for the conference in Bitcoin of course. Grin
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September 26, 2015, 09:11:56 PM
 #202

Personally i am looking to buy a laptop (pc or mac) with good performance.
If i find any here or in any store that accepts bitcoin then yes i will spend my bitcoin.
But until now i haven't found any good and cheap so i am holding.
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September 26, 2015, 09:18:15 PM
 #203


 I am mostly using btc fpr trading altcoins.Now i want to buy btc debit card to use btc like a money.There is not possible to buy anything with btc here.23% vat tax for merchant

 
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September 26, 2015, 09:19:40 PM
 #204

ive accepted bitcoin as a method of payment, but havent used it to buy any goods yet.  Sad
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September 26, 2015, 09:23:20 PM
 #205

Yes. I've bought some books with bitcoin.
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September 26, 2015, 09:30:19 PM
 #206

No not yet.Given the slow speed at which people are adopting bitcoin in my country,I doubt if I can buy anything with bitcoin in next 5 years

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September 26, 2015, 09:38:30 PM
 #207

No not yet.Given the slow speed at which people are adopting bitcoin in my country,I doubt if I can buy anything with bitcoin in next 5 years

Why? Debit cards don't exist in your country? You can get an international BTC Debit card and it work as long as your stores accept debit/interact. And then you can use BTC all over the world with online sellers.


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September 27, 2015, 03:19:42 AM
 #208

No not yet.Given the slow speed at which people are adopting bitcoin in my country,I doubt if I can buy anything with bitcoin in next 5 years

Why? Debit cards don't exist in your country? You can get an international BTC Debit card and it work as long as your stores accept debit/interact. And then you can use BTC all over the world with online sellers.
Debit cards do not have high limits unless verification is gone through. Since you have to go through verification, you would expose yourself to the risk of identity theft. There are various restrictions on the area of service too, the loading fee is also very high.

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September 27, 2015, 04:48:34 AM
 #209

I've never gone to a physical store and bought things with it, but I have bought many real items with it through people that only accept bitcoin.
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September 27, 2015, 10:56:42 AM
 #210

No not yet.Given the slow speed at which people are adopting bitcoin in my country,I doubt if I can buy anything with bitcoin in next 5 years

Why? Debit cards don't exist in your country? You can get an international BTC Debit card and it work as long as your stores accept debit/interact. And then you can use BTC all over the world with online sellers.
Debit cards do not have high limits unless verification is gone through. Since you have to go through verification, you would expose yourself to the risk of identity theft. There are various restrictions on the area of service too, the loading fee is also very high.

Really? Not sure what card you're basing this on but even the Bit-x one, loading is free. Its not even loading, it just use your BTC wallet balance. The catch is currency conversion rate, they keep 2.5-5%.

That i cannot argue, is too much. And the limit for anonymous is 300$. For a daily things, doing the grocery, buying small stuff, its perfectly sufficient.

But its true i don't do it that way, its still too expensive. Instead, now i just sell BTC and send the money to my bank account. I used to use Bylls.com to drop it in my credit card, but now Coin Base support Canada and its 1%+1$ but Coin Base price is 1.6% over BTC price. Meanwhile the transfer only take under 1 day.


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September 27, 2015, 11:00:37 AM
 #211

I just bought a few domains with Bitcoin, through NameCheap.
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September 27, 2015, 11:01:44 AM
 #212

I bought a smartphone 2 yrs ago, I was so excited!

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September 27, 2015, 11:05:03 AM
 #213

I haven't bought any real/physical goods yet,
I have used my BTC to pay bills, buy domain and hosting

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September 27, 2015, 12:05:19 PM
 #214

No not yet.Given the slow speed at which people are adopting bitcoin in my country,I doubt if I can buy anything with bitcoin in next 5 years

Why? Debit cards don't exist in your country? You can get an international BTC Debit card and it work as long as your stores accept debit/interact. And then you can use BTC all over the world with online sellers.
Debit cards do not have high limits unless verification is gone through. Since you have to go through verification, you would expose yourself to the risk of identity theft. There are various restrictions on the area of service too, the loading fee is also very high.

Really? Not sure what card you're basing this on but even the Bit-x one, loading is free. Its not even loading, it just use your BTC wallet balance. The catch is currency conversion rate, they keep 2.5-5%.

That i cannot argue, is too much. And the limit for anonymous is 300$. For a daily things, doing the grocery, buying small stuff, its perfectly sufficient.

But its true i don't do it that way, its still too expensive. Instead, now i just sell BTC and send the money to my bank account. I used to use Bylls.com to drop it in my credit card, but now Coin Base support Canada and its 1%+1$ but Coin Base price is 1.6% over BTC price. Meanwhile the transfer only take under 1 day.

I wouldn't really count in using Bitcoin debit cards as buying goods or services for Bitcoin. This is just a workaround of us, the Bitcoin community until we don't grow enough to be able to spend our BTCs directly with merchants.

And this is also a quite expensive workaround and I don't see people using this in a long run. They are better off paying with their credit cards and use bitcoins only with merchants that accept them directly.
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September 27, 2015, 12:12:34 PM
 #215

No not yet.Given the slow speed at which people are adopting bitcoin in my country,I doubt if I can buy anything with bitcoin in next 5 years

Why? Debit cards don't exist in your country? You can get an international BTC Debit card and it work as long as your stores accept debit/interact. And then you can use BTC all over the world with online sellers.
Debit cards do not have high limits unless verification is gone through. Since you have to go through verification, you would expose yourself to the risk of identity theft. There are various restrictions on the area of service too, the loading fee is also very high.

Really? Not sure what card you're basing this on but even the Bit-x one, loading is free. Its not even loading, it just use your BTC wallet balance. The catch is currency conversion rate, they keep 2.5-5%.

That i cannot argue, is too much. And the limit for anonymous is 300$. For a daily things, doing the grocery, buying small stuff, its perfectly sufficient.

But its true i don't do it that way, its still too expensive. Instead, now i just sell BTC and send the money to my bank account. I used to use Bylls.com to drop it in my credit card, but now Coin Base support Canada and its 1%+1$ but Coin Base price is 1.6% over BTC price. Meanwhile the transfer only take under 1 day.

I wouldn't really count in using Bitcoin debit cards as buying goods or services for Bitcoin. This is just a workaround of us, the Bitcoin community until we don't grow enough to be able to spend our BTCs directly with merchants.

And this is also a quite expensive workaround and I don't see people using this in a long run. They are better off paying with their credit cards and use bitcoins only with merchants that accept them directly.

But 1% isint bad, even credit card take 2.5% or more from the merchant. The difference in price is why many online retailers has added bitcoin through payment processors to their checkout.
Even if the payment process take 1-2%, its still better than credit card. So overall if for instance CoinBase made a credit or debit card for their online wallet for 1%, it would still be a reasonable service.
As thus, the ability to send cash to my bank account within 24 hours for 1%+1$ is reasonable to me, even though i'm biased by previous method. If the seller could eat the 1% fee for the buyer on the account of saving some % compared to credit card, that would be pretty cool however.


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zenitzz
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September 27, 2015, 12:16:03 PM
 #216

i have not traded goods with bitcoin because no many services accept bitcoin right now and also government banned bitcoin for local store
lahm-44
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September 27, 2015, 08:02:59 PM
 #217

yes I did the first product which I bought is a watch I payed him in bitcoin and later he transfered the btc into his bank account and yes now some shopping malls are going to accept btc soon
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September 28, 2015, 01:02:32 AM
 #218

Unfortunately no. I'm earning bitcoins just for spending then buying CS:GO skins because in my country (Brazil), there isn't a lot of places that accept bitcoin as payment method. But my dream is to buy something real with Bitcoins and that is why I spend my whole day earning BTC through some high payment faucets and investing them.

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Herbert2020
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September 28, 2015, 04:09:09 AM
 #219

no, so far i have never used bitcoin to buy anything physical. in fact i have not used bitcoin to buy anything that much (i hope it changes in the future though). i have only used it to buy a couple of digital stuff which i used online.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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September 28, 2015, 05:38:02 AM
 #220

Hehe you are lucky enough dude, that boss knows bitcoin, and you can be his loyal customer, make friend with him, and you can discuss bitcoin more.

For me, I didn't buy real thing by bitcoin, and I bought virtual things like altcoins, in my country, most of people don't know bitcoin, hardly buy real things by bitcoin.
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