Bitcoin debit card

[Dire]

The bitcoin debit card are issued by the various banks. But I have a question? Why needed the bitcoin debit card if it is not possible to have continues revenues in bitcoin? Or you will buy bitcoin, will send them to your wallet and then will use your bitcoin debit card connected with this wallet?

Actually, to the best of my knowledge no Bitcoin debit card is issued by a bank, or at least, doesn't need to be. Visa and Mastercard work with businesses as long as they fill certain criteria and authorize them to be able to issue cards.

In fact, many of the places that you get the cards from, are not actually the ones who physically issue the cards. The Xapo card is just one example. It's issued from the Caymen islands/Gibralter (if I remember correctly) by another company for the companies that send us the cards. I think at least one company issues cards from Hong Kong.

Basically, the actual card issuing company is usually in a region that has fairly flexible tax laws/economic growth incentives.

As to why send Bitcoin to a debit card, well that depends on the person. Some may make profits from trading and then wish to withdraw in fiat. For me personally, it's just so I have the flexibility to do so should I need to.

There's also another reason: Say you bought one BTC at $280, and then next week the price shoots up to $1000, you can then deposit it to a debit card and lock it in as fiat at $1000. So no matter if the price does go down, you now have that $1000 one way or another.

 

[Mickeyb]

If my opinion means something to you, go with bit-x. I have it and it works great. Only thing that you can't do on all the ATMs is check your balance.

Now fee wise, they are quite high but it is the same with all the competitors, you can compare the fees in the previous page. I guess fees will go down in the future since this is a new service.

And yes, bit-x has droped a monthly maintenance fee which was quite annoying to me, so keep this in mind as well.

[ajareselde]

If my opinion means something to you, go with bit-x. I have it and it works great. Only thing that you can't do on all the ATMs is check your balance.

Now fee wise, they are quite high but it is the same with all the competitors, you can compare the fees in the previous page. I guess fees will go down in the future since this is a new service.

And yes, bit-x has droped a monthly maintenance fee which was quite annoying to me, so keep this in mind as well.

I would suggest bitx as well, but i have to say that in op's case i don't believe the fee's for ATM withdrawals are high. When i'm transfering money using skrill for example,
i loose about 10% on exchange, and additional fee's on atm withdrawal, where using bitx card  i will have only ATM withdrawal fee, which is way better imho.

cheers

[googleindo]

Yes i know some websites offering bitcoin debit cards that is bitplastic, bit-x, xapo, coindesk. Bitplastic is offering Debit card if we initially deposit 0.3 BTC into the Bitplastic wallet card. You can get debit card to directly to your home address by bitplastic. So please try to looking for above sites to get a clear picture about bitcoin debit cards.

[jones techbit]

What we really need is a debit card backed by btc that's accepted worldwide.
So many problems would be solved.

[harrymmmm]

thats nice if one can withdraw money from a bitcoin debit card.
anyone here knows a good bitcoin debit card? How can we get one?

I maintain an up to date list at your bitcoin debit card options.

Nice list with good anecdotal info, but I couldn't find the charges and other details on each card there. I also couldn't find that info about xapo cards on xapo's site, so it's getting annoying.

[kostya.ash]

AdvCash Prepaid Card: http://advcash.com/
BIT-X Debit Card: https://card.bit-x.com/
WageCan Debit Card: https://www.wagecan.com/DebitCardInfo

Do you use any of these? Do you have any bad experiences with them? Are there monthly fees required?
[/quote]

AdvCash:



WageCan:



BIT-X:


[/quote]

im interesting to use it, Which one is better ?
why do I have to choose ?

[tadakaluri]

The Bit-X exchange is now offering a MasterCard bitcoin Debit card which is acceptable Most of the ATMs in the world.

[timothythomas]

there are many cards as mentioned above but there fees are crazy i wanted to get a card my self but to be honest its easier/cheaper to sell/exchange btc to fiat and transfer in your bank account i guess just my thought

[RustyNomad]

What we really need is a debit card backed by btc that's accepted worldwide.
So many problems would be solved.

Not sure if I understand your post correctly but we already have that.

Both Bit-X and Xapo's cards are backed by bitcoin meaning that you do not have to convert your bitcoin to fiat and then transfer the fiat to the card. Their cards are directly linked to your wallet and when you make a transaction they take the bitcoin equivalent from your wallet to pay for the transaction. So you are actually paying in bitcoin but they convert it then for the vendor and pays him (or the payment processor) in fiat.

Also, with Bit-X you can even use Litecoin (think other alt coins as well). From my understanding they will take from your btc wallet but if there is not enough but you do have enough ltc in your ltc wallet then they will pay the transaction from there. Best to check their site, I'm sure I saw it on there somewhere but stand to be corrected if need be.

[ranochigo]

Yes i know some websites offering bitcoin debit cards that is bitplastic, bit-x, xapo, coindesk. Bitplastic is offering Debit card if we initially deposit 0.3 BTC into the Bitplastic wallet card. You can get debit card to directly to your home address by bitplastic. So please try to looking for above sites to get a clear picture about bitcoin debit cards.

Bitplastic is a scam and it has been verified by lots of proofs around the web. Xapo does not deliver cards right now, it is kind of a preorder. Coindesk does not issue any debit cards.

AdvCash Prepaid Card: http://advcash.com/
BIT-X Debit Card: https://card.bit-x.com/
WageCan Debit Card: https://www.wagecan.com/DebitCardInfo

Do you use any of these? Do you have any bad experiences with them? Are there monthly fees required?

im interesting to use it, Which one is better ?
why do I have to choose ?

The difference is in the fees and payment processor. The identity verification and limits are also different. WageCan requires identity verification while BitX and advcash does not when issuing a card. It is needed to raise the limits however. BitX and advcash both offers great service but Bitx's fees are quite high.

[irfan01]

maybe like BIT-X  , but i don't think so 

[eternalgloom]

Yeah sure it's possible, just don't get a virtual card
Just be aware that you cannot use your debit card at some ATM's (at least that's the case in my country)

[Blawpaw]

Of course you can! Currently, there are a lot of companies offering that type of service!

I personally use the ADV cash bitcoin prepaid debit card and I'm pretty happy with it!

You can eve ask for a card at Bitstamp!

[flock123]

BIT-X, AdvCash, WageCan, ANX and Xapo debit/prepaid cards can be used to withdraw money from ATM.

* Sorry if I missed any!

Thanks for information sir, i wanna check the site for bitcoin debit card

[Brewins]

yes for most of them, but ask the fees if you don't have strong heart, and for large values they will require identification

[Ilove-Obama]

Does anyone know if you can withdraw cash from a bitcoin debit card? Either atm or cashback in a store?

    
The new service https://www.e-coin.io

[harrymmmm]

Xapo does not deliver cards right now, it is kind of a preorder.

Ahh, I wasn't aware of that.
Is that why I can't find a list of fees etc? They haven't been determined yet?

[Jeremycoin]

Wait, I thought it was the point of Bitcoin Debit Card. To safe money on a card and withdraw it anytime.

[bitwala]

Yes, you can withdraw cash from any ATM that accepts VISA as payment.

We have created a price comparison of the biggest Bitcoin debit card providers:

Best Bitcoin Debit Card: https://www.bitwala.com/best-bitcoin-debit-card/