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Author Topic: Bitcoin-Credit Card  (Read 3035 times)
SuperCoinGuy
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February 04, 2016, 07:06:37 AM
 #41

Some exchanges and online wallets offer bitcoin debit cards I may get one if the fees are not too high of course.
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February 04, 2016, 02:21:35 PM
 #42

I will be prototyping Credit Card. I will need some people that want to test and give feedback about possible product.
I am already offering credit lines so giving credit cards is next logical step.

But I think Bitcoins are still superior than credit cards, mainly because you dont feel safe about putting your debit card or credit card's details into a anonymous site while with bitcoins, you can pay them and relax as they never will be able to steal coins from your wallet, but cards are not like that.

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February 05, 2016, 04:47:59 AM
 #43

People are becoming increasingly accustomed to using bank cards. Now, with the increasing penetration of mobile and P2P payment systems, the necessity to use cash is quickly becoming obsolete. 
Which do you think is the relation between bitcoin and credit card? Don't you think the use of credit card works as the same way as bitcoin does?

yeah bitcoin is  credit card same like bank card and now all person is using now bitcoin when we need any thing this time using bitcoin. same like bank card

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February 05, 2016, 05:46:25 AM
 #44

Any kind of card, is just a method for the rich to drain more money from the consumers. The card removes the physical attachment people has to their money. The gambling sector realized this, when they replaced the old coin operated slot games with pre-paid cards.

People spend or gamble more, if they do not see the physical money/coins in their hands. These companies can also hide the transaction fees, because you do not normally think about this, every time you use these cards. They also add insurance fees and lost card fees and things like that.

Bitcoin is different, because you see the balance declining with every transaction you make and you can manage your spending and also transaction fees more effectively. ^smile^

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February 05, 2016, 09:02:00 AM
 #45

Creditcards is a great option to use in electronic processing of payments IMO, it is faster and easier to use but the fees is too high also the risk of using a Creditcard when you insert it in every site and would need carefully not using it in any untrustworthy place.

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February 05, 2016, 09:11:17 AM
 #46

This is easier than the Debit card version as you only need BTC in paying the account unlike in Debit Card you need to load some value into it, critical since the price always changes.

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February 05, 2016, 09:35:24 AM
 #47

That would indeed be fat like that will happen. But you do need to have the certainty that you can start paying.
So there are some risks involved. But it would indeed be useful.
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February 05, 2016, 10:02:58 AM
 #48

I would like to see some pre-paid debit cards for bitcoins where you can walk in an office and just transfer bitcoins from your wallet and get fiat and don't have to wait for transactions at the exchanges. Does such a service exist already?

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March 24, 2016, 05:31:21 PM
 #49

Maybe in the future they will create that credit card of bitcoin..that is accepted in designated machine or in any atm machine , for much easier transactions of withdrawing or inputting some bitcoin on it.

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March 24, 2016, 05:34:47 PM
 #50

It is not a simple thing changing your credit card number if you feel it is becoming a issue. Bitcoin you can alter the address with a press of the button. The connection seems weak because one has somebody analyzing every transaction and the other does not give a damn.

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March 24, 2016, 09:03:00 PM
 #51

I personally do not think that you can relate a bitcoin to a credit card. They have to many differences but in my opinion i think that you can relate a bitcoin more closely to a debit card but that is only my opinion. I wonder what other people will say

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March 24, 2016, 09:08:56 PM
 #52

I personally do not think that you can relate a bitcoin to a credit card. They have to many differences but in my opinion i think that you can relate a bitcoin more closely to a debit card but that is only my opinion. I wonder what other people will say
I agree with you that bitcoin can be better compared with debit cards not credit ones. because one when spends from his wallet it is similar to spending from a bank account. they can be consider as competitors as their use is quite similar
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March 24, 2016, 09:12:17 PM
 #53

When you use a credit card, you are using funds that you don't own. Whereas with Bitcoin, you need to have the Bitcoin to spend it.

There is really no way you can compare these two.

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March 24, 2016, 11:14:04 PM
 #54

I will be prototyping Credit Card. I will need some people that want to test and give feedback about possible product.
I am already offering credit lines so giving credit cards is next logical step.

But I think Bitcoins are still superior than credit cards, mainly because you dont feel safe about putting your debit card or credit card's details into a anonymous site while with bitcoins, you can pay them and relax as they never will be able to steal coins from your wallet, but cards are not like that.
You can use one time use and discard virtual cards and dispose them off after use and if you are paying for something legal,why conceal your ideidentity.But yes bitcoins are far better than credit and debit cards for many reasons

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March 24, 2016, 11:30:57 PM
 #55

you should see their fee's list before trying it out, to be honest i just used this debit card for purchasing thing online and never withdrawn my cash in atm because they'd took fees about 3.5$ and i think it's quite big, i would prefer exchanging from my local exchanger which only took fees about 1$,so use it if you can afford the fee

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busybee7
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March 24, 2016, 11:32:23 PM
 #56

When you use a credit card, you are using funds that you don't own. Whereas with Bitcoin, you need to have the Bitcoin to spend it.

There is really no way you can compare these two.
you can compare it im pretty sure there are some companies that offer bitcoin credit cards, i would definitely offer bit-x as they are around for a while already

if i had more bitcoins i would definitely have a credit card with it and i would use it for taking money from time to time
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March 24, 2016, 11:35:12 PM
 #57

It can be a blessing or a hinder on the bitcoin community. You know how dangerous and tempting credit cards can be.
And in the addition that bitcoin is hard to put value on it from minute to minute this can cloud a persons judgement on how much they will spend. Isn't that how it is with credit limits on the current format of how cards work?

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March 24, 2016, 11:54:44 PM
 #58

if bitcoin have a credit card that will be very great. bitcoin payment media would be highly desirable.

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March 25, 2016, 03:56:20 AM
 #59

I dont think so there should be a credit card for bitcoins. Credit cards are mostly used for online transactions and bitcoin has this feature built in that you can use it online without any card etc.  Although you there is no advance payment feature in bitcoin that you buy anything on credit and pay later.
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March 25, 2016, 06:36:37 AM
 #60

Bitcoin debit cards are going into circulation. It seems to be a success as it has made the conversion of bitcoin to fiat more easy than contacting traders. This time credit card introduction is also a good move.

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