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Author Topic: advantage of bitcoin debit card?  (Read 7158 times)
Elwar
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March 30, 2016, 12:54:37 PM
 #121

With the Bitcoin debit card I can get closer to my goal of dropping my bank.

As bitcoin is my main currency, I get paid in bitcoins and spend mostly bitcoins. For places that do not take bitcoins I use my bitcoin debit card.

If everyone did this, a store that starts to accept Bitcoin would immediately see a large amount of customers paying in Bitcoin and they would be able to stop paying credit card fees. Because customers are already spending bitcoins.

It is the hybrid solution between what we have now and the day when stores accept Bitcoin directly.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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March 30, 2016, 12:59:33 PM
 #122

Good for you if only you could afford it. I see many ways around to withdraw bitcoin with a better fee rate.
Elwar
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March 30, 2016, 01:00:52 PM
 #123

Good for you if only you could afford it. I see many ways around to withdraw bitcoin with a better fee rate.

What is there to afford?

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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March 30, 2016, 01:10:41 PM
 #124

The advantage of bitcoin debit card is that the transaction is super fast. Besides that it is super fast it is also extreme cheap to transect money.
It does not matter if you are transecting money locally of internationally.
cheap can't match well with debit card, basically debit card took fees every transaction, when you want to get a cash from your local atm, it'll charge you 3.5$ for international atm and 2.5$ for domestic atm,it's waay to high if you'd compare it to some local exchanger which accept bitcoin,but it'll become no problem if you can afford it
Lol it's very expensive. I'd better not use bitcoin debit card. I can send it directly to the bitcoin wallet. the cost is very cheap fee.
I think the advantage is only "accepted throughout the world" because it uses a system mastercard
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March 30, 2016, 01:13:00 PM
 #125

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Elwar
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March 30, 2016, 01:20:53 PM
 #126

i would spend bitcoins rather that normal coins if there is abitcoin debit card witch has contacless  touch and goal
i would also see that things will be cheaper if you buy with bitcoins

I can't really understand the logic behind things being cheaper when bought with bitcoin.
I really want you to give some examples on it to make me or us understand that how things can be cheaper if we buy them with bitcoins.

Websites like purse.io allow you to buy things on Amazon for around 15% off.

Sites like gyft.com and egifter.com give you 3% discount on purchases at places like Target, most restaurant chains, most US franchises.

At small shops they would rather you pay in bitcoin because they don't have to pay the fees for credit card services.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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March 30, 2016, 01:27:17 PM
 #127

Good for you if only you could afford it. I see many ways around to withdraw bitcoin with a better fee rate.
Yes bitcoin debit card have become way to withdraw bitcoin in real cash where real in countries where real bitcoin exchanger is not available.

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March 30, 2016, 02:39:29 PM
 #128

Good for you if only you could afford it. I see many ways around to withdraw bitcoin with a better fee rate.
Yes bitcoin debit card have become way to withdraw bitcoin in real cash where real in countries where real bitcoin exchanger is not available.

Yeah its a good effort that keeps the exchanges away from us. Is it possible to use a bitcoin debit card bought from European nation to use in Asian Countries.

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March 30, 2016, 03:47:38 PM
 #129

Calling it a bitcoin debitcard is a wrong way in even referring to it, it's just a debitcard that is linked to your exchanger account and you can withdraw your USD balance to it "or exchange BTC to USD and then send it to the debitcard", a real bitcoin debitcard would be BTC based in my opinion.
you are right,definetly there was no bitcoin debit card,right?
and as you said,maybe some debit card company see good chance to make bitcoin as their "product" to be mre exist on new and future busines in payment,and they see bitcoin really good.
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April 01, 2016, 06:31:46 AM
 #130

The advantage of uᴉoɔʇᴉq debit card is that the transaction is super fast. Besides that it is super fast it is also extreme cheap to transect money.
It does not matter if you are transecting money locally of internationally.
cheap can't match well with debit card, basically debit card took fees every transaction, when you want to get a cash from your local atm, it'll charge you 3.5$ for international atm and 2.5$ for domestic atm,it's waay to high if you'd compare it to some local exchanger which accept uᴉoɔʇᴉq,but it'll become no problem if you can afford it
Lol it's very expensive. I'd better not use uᴉoɔʇᴉq debit card. I can send it directly to the uᴉoɔʇᴉq wallet. the cost is very cheap fee.
I think the advantage is only "accepted throughout the world" because it uses a system mastercard
whether some merchant will accept debit card is uncertain, some merchant prefer accepting only credit card rather than debit card because people on the internet can buy those vcc which is the same as debit card on it function and consider it as fake card,and the main point,credit card can be charged automatically when the subscription is about expired

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April 01, 2016, 06:34:57 AM
 #131

I have one currently I plan on using it frequently havent used it yet it's a nice way to move my bitcoins fast into $ then into the place I need it.


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Kartikay
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April 01, 2016, 07:37:28 AM
 #132

I do not think there is any need of bitcoin debit card at this point of time.
What I mean is You actually can not use effectively. There are very less shops which accepts bitcoins. Moreover there is always a threat of theft associate with debit cards.
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April 01, 2016, 07:44:16 AM
 #133

Well i think its useful as most of us have problem doing with paypal.So we can eliminate them by using bitcoin debit cards.

Moreover there is always a threat of theft associate with debit cards.

Well every thing related to money contains threat of theft .There is no way you can eliminate it but you can lower the chances provided if you take necessary security steps .
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April 01, 2016, 08:56:49 AM
 #134

The real advantage is that you can pay everything with the debit cards from the bitcoin, you can just go to a store and pay with it and that is pretty nice if you ask me right ?
Also the fact is that you are not limited to direct deals that accept the bitcoin because with the debit card its just possible to buy anything.
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April 01, 2016, 09:41:22 AM
 #135

Most of shops still use credit / debit cards to do transaction. Bitcoin is still a rare thing to use commonly in public.

Also, BTC Debit card could be used in mini market for buying things.
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April 01, 2016, 12:25:12 PM
 #136

Most of shops still use credit / debit cards to do transaction. uᴉoɔʇᴉq is still a rare thing to use commonly in public.

Also, BTC Debit card could be used in mini market for buying things.

As said not much advantages can be found in the bitcoin debit card. Issuing of this card will popularize bitcoin among the public without any form of media promotion.

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April 01, 2016, 12:28:49 PM
 #137

Most of shops still use credit / debit cards to do transaction. uᴉoɔʇᴉq is still a rare thing to use commonly in public.

Also, BTC Debit card could be used in mini market for buying things.

As said not much advantages can be found in the uᴉoɔʇᴉq debit card. Issuing of this card will popularize uᴉoɔʇᴉq among the public without any form of media promotion.

When the bitcoin goes up to $1200, I will get a bitcoin credit card and spend the bitcoin I have at present.
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April 01, 2016, 02:48:38 PM
 #138

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As said not much advantages can be found in the uᴉoɔʇᴉq debit card. Issuing of this card will popularize uᴉoɔʇᴉq among the public without any form of media promotion.
yes you are right,i'm not see good advantage too,and also i'm not found people use xapo debit card,maybe they just want to make bitcoin more popular with create bitcoin debit card.
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April 01, 2016, 02:56:34 PM
 #139

Most of shops still use credit / debit cards to do transaction. uᴉoɔʇᴉq is still a rare thing to use commonly in public.

Also, BTC Debit card could be used in mini market for buying things.

As said not much advantages can be found in the bitcoin debit card. Issuing of this card will popularize bitcoin among the public without any form of media promotion.
nope I think bitcoin debit card has an advantage in terms of payment if you're using bitcoin
surely you will experience limitations in using bitcoin payment method. with bitcoin debit card you can buy anything
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April 02, 2016, 02:21:22 AM
 #140

Most of shops still use credit / debit cards to do transaction. Bitcoin is still a rare thing to use commonly in public.

Also, BTC Debit card could be used in mini market for buying things.

I wouldn't use bitcoin debit card to buy little things in a small market because the fees aren't low as we think, I would use the bitcoin debit card as a source to get my bitcoin fast in cash in urgent situations, instead of waiting for the exchange to send the money to me.

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