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Author Topic: Spending Bitcoins  (Read 101041 times)
Supercrypt
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November 22, 2016, 06:54:01 PM
 #641

We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.
While we can use debit cards loaded with bitcoin I think that defeats the purpose of using bitcoin and its not exactly what most people here will want to do since we want to pay with bitcoin directly.
Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards. Because people will send bitcoin to the bitcoin debit card provider instead of sending them to a merchants. But when we are considering the advantages of bitcoin debit card, I believe we need to ignore any hesitation of spending bitcoins 'indirectly'.
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November 23, 2016, 01:37:26 AM
 #642

We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.

I personally looked up many bitcoin debit cards but did not order one as their fees are too high for someone like me, i'm not a professional bitcoin earner so if i pay 3% everytime spending my bitcoins it would take away all what i might have, i prefer converting them to fiat and spending them then.

yes its a good solution to converting our bitcoin into fiat and spend our money in real world. but for personally, i don't like to spend my bitcoin for just buying product that maybe not really important for me. i am feel better to save it into my wallet and i am waiting for a good price to sell it. i think its what other people do with their bitcoin but maybe the other people will spend their bitcoin with different purpose.

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November 23, 2016, 11:07:16 AM
 #643

Spending your bitcoins on everyday bills is easy with the company Living Room of Satoshi.
Daniel Alexiuc, CEO of the company is currently holding an AMA if you have any questions regarding paying bills with bitcoins: https://forum.bitcoin.com/ama-ask-me-anything/i-am-daniel-alexiuc-ceo-of-living-room-of-satoshi-ama-t12712.html

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November 23, 2016, 11:14:22 AM
 #644

I would love to spend my bitcoin only if there was many places to do so the only places that do only sells things that i don't use on a regular bases i wish only there was a credit card that accepts bitcoin,and in my country people don't even know what bitcoin is so the chances of me using it is 0 i am just waiting for the day they make bitcoin an international currency so i can spend it Sad
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November 23, 2016, 11:43:57 AM
 #645

I would love to spend my bitcoin only if there was many places to do so the only places that do only sells things that i don't use on a regular bases i wish only there was a credit card that accepts bitcoin,and in my country people don't even know what bitcoin is so the chances of me using it is 0 i am just waiting for the day they make bitcoin an international currency so i can spend it Sad
Bitcoin is already an international currency. You can send to anyone regardless of their location in the world. There's a really simple solution to your problem. Get an ATM card at any bank and then connect that card to a local exchange website. When the price of bitcoin increased, convert your bitcoins into fiat by sending it to your ATM card. By that, you can finally use your bitcoin (in fiat form) in real life.

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November 23, 2016, 04:17:17 PM
 #646

Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards.

The primary advantage of Bitcoin is the removal of the middle man, a.k.a the bank.
If you are going to use a debit card, with loading and other fees, the whole purpose of removing the middle man is defeated.
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November 23, 2016, 04:25:27 PM
 #647

Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards.

The primary advantage of Bitcoin is the removal of the middle man, a.k.a the bank.
If you are going to use a debit card, with loading and other fees, the whole purpose of removing the middle man is defeated.

Having bitcoin debit card worst idea according to me bevuade they have charge for using in ATM machines and monthly penalities. If you escrow for transfers it'd just one time of transactions.
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November 23, 2016, 04:33:16 PM
 #648

I use my bitcoins for some of my expances, just I don't spend it daily due to I have not so much bitcoins. First of all I am savinf some amount and then just cash it out on my card and spend it for the things I need. In my country also there is no place or services that would accept bitcoin as payment directly. But I hope such places will appear soon.
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November 23, 2016, 04:36:59 PM
 #649

I use my bitcoins for some of my expances, just I don't spend it daily due to I have not so much bitcoins. First of all I am savinf some amount and then just cash it out on my card and spend it for the things I need. In my country also there is no place or services that would accept bitcoin as payment directly. But I hope such places will appear soon.

That's right. In my place its the same. there is no places where I can pay directly with bitcoins. If such places would appear it would be nice economy to me, because every time when I use exchanger then transfering money on my card i have to pay some % for such services. I wander how much money I already spend for this. So directly payment would stay me without unnecessary payments as taxes.
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November 23, 2016, 04:39:44 PM
 #650

We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.

I personally looked up many bitcoin debit cards but did not order one as their fees are too high for someone like me, i'm not a professional bitcoin earner so if i pay 3% everytime spending my bitcoins it would take away all what i might have, i prefer converting them to fiat and spending them then.
No bitcoin debit card should be charging 3% just to use the card, a couple of them will charge 1% to load the card but never to spend.
ATM's will charge fees to use their machines but thats different.

Do you know how much you have to pay in fees when converting to fiat?

I looked at every available bitcoin debit card and their fees, it says that if you are using an ATM for cashing out some money then you should remember that if you are cashing out a currency that is not the default currency of your card which most of the times is USD, so it will charge you 3% currency exchange fees as well and it will also charge you the fees for using ATM.
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November 23, 2016, 05:12:08 PM
 #651

Spending bitcoins is not good right now and I would not do it to be honest because of the fact that the bitcoin is gonna rise to a higher amount so I do not think its worth it if you are asking me.
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November 23, 2016, 11:10:14 PM
 #652

We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.
While we can use debit cards loaded with bitcoin I think that defeats the purpose of using bitcoin and its not exactly what most people here will want to do since we want to pay with bitcoin directly.
Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards. Because people will send bitcoin to the bitcoin debit card provider instead of sending them to a merchants. But when we are considering the advantages of bitcoin debit card, I believe we need to ignore any hesitation of spending bitcoins 'indirectly'.
I'm not saying there is anything wrong with it but some people here in the forum will probably like to avoid dealing with the banks at all, and we will like to spend our bitcoin directly instead.
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November 24, 2016, 06:38:33 AM
 #653

We do have a similar service in which you could pay nearly almost every bill available such as utility, power, water bills and whatnot. Also, you could use the said service to recharge your mobile, order online game credits and an online wallet service. As for casual spending, you could get a debit card in which you could load up your bitcoins in there and do payments on a restaurant or a supermarket as if you're just using a regular credit card.
While we can use debit cards loaded with bitcoin I think that defeats the purpose of using bitcoin and its not exactly what most people here will want to do since we want to pay with bitcoin directly.
Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards. Because people will send bitcoin to the bitcoin debit card provider instead of sending them to a merchants. But when we are considering the advantages of bitcoin debit card, I believe we need to ignore any hesitation of spending bitcoins 'indirectly'.
I'm not saying there is anything wrong with it but some people here in the forum will probably like to avoid dealing with the banks at all, and we will like to spend our bitcoin directly instead.

I would definitely try to avoid dealing with the banks whenever possible because bitcoin is invented to replace the existing centralised banking system in the first place. Banks freeze accounts without warning and without reason.

Bitcoin is designed to be spent, so use it to actually do day to day purchases. Explain it to your local grocer... See if you can get him to accept it Cheesy
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November 24, 2016, 06:44:30 AM
 #654

Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards.

The primary advantage of Bitcoin is the removal of the middle man, a.k.a the bank.
If you are going to use a debit card, with loading and other fees, the whole purpose of removing the middle man is defeated.

I think this is also one of the reasons why bitcoin was created. An alternative currency to be used on internet where decentralization is one of the feature.Now, sending or paying someone over the net using bitcoin is cheaper compared to other site.
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November 24, 2016, 07:07:04 AM
 #655

Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards.

The primary advantage of Bitcoin is the removal of the middle man, a.k.a the bank.
If you are going to use a debit card, with loading and other fees, the whole purpose of removing the middle man is defeated.

I think this is also one of the reasons why bitcoin was created. An alternative currency to be used on internet where decentralization is one of the feature.Now, sending or paying someone over the net using bitcoin is cheaper compared to other site.
It is and you are right. You are in the right place as well since bitcoin is very progressive now and people are coming in to use the system to help their daily lives.

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November 24, 2016, 07:16:11 AM
 #656

Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards.

The primary advantage of Bitcoin is the removal of the middle man, a.k.a the bank.
If you are going to use a debit card, with loading and other fees, the whole purpose of removing the middle man is defeated.

I think this is also one of the reasons why bitcoin was created. An alternative currency to be used on internet where decentralization is one of the feature.Now, sending or paying someone over the net using bitcoin is cheaper compared to other site.
yeah that one of the purposes of use bitcoin as a payment method, but for now I think it is still limited to use bitcoin as a currency, because it is still a bit of a third party that accepts bitcoin
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November 24, 2016, 08:08:14 AM
 #657

Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards.

The primary advantage of Bitcoin is the removal of the middle man, a.k.a the bank.
If you are going to use a debit card, with loading and other fees, the whole purpose of removing the middle man is defeated.

I think this is also one of the reasons why bitcoin was created. An alternative currency to be used on internet where decentralization is one of the feature.Now, sending or paying someone over the net using bitcoin is cheaper compared to other site.
yeah that one of the purposes of use bitcoin as a payment method, but for now I think it is still limited to use bitcoin as a currency, because it is still a bit of a third party that accepts bitcoin
People are just making the right effort with bitcoin, since they understand that nowadays it's not so popular they consider it as investment as they see in the future that bitcoin will be popular and I am one of that people who believe in the future and investing now is the key to success.

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November 24, 2016, 08:16:17 AM
 #658

Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards.

The primary advantage of Bitcoin is the removal of the middle man, a.k.a the bank.
If you are going to use a debit card, with loading and other fees, the whole purpose of removing the middle man is defeated.

I think this is also one of the reasons why bitcoin was created. An alternative currency to be used on internet where decentralization is one of the feature.Now, sending or paying someone over the net using bitcoin is cheaper compared to other site.
yeah that one of the purposes of use bitcoin as a payment method, but for now I think it is still limited to use bitcoin as a currency, because it is still a bit of a third party that accepts bitcoin

I only hope Bitcoin will become popular on the biggest companies in the world. Amazon wants to accept it now, a few countries want to implement a Bitcoin-style currency for their citizens and this can bring up a lot of popularity for it. Bigger companies will convince then smaller ones so Bitcoin will become trendy and more would use it. It provides us so many advantages..
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November 24, 2016, 09:56:43 AM
 #659

Other than those loading fees, there will not be any uncomfortable in using bitcoin debit cards.

The primary advantage of Bitcoin is the removal of the middle man, a.k.a the bank.
If you are going to use a debit card, with loading and other fees, the whole purpose of removing the middle man is defeated.

I think this is also one of the reasons why bitcoin was created. An alternative currency to be used on internet where decentralization is one of the feature.Now, sending or paying someone over the net using bitcoin is cheaper compared to other site.
yeah that one of the purposes of use bitcoin as a payment method, but for now I think it is still limited to use bitcoin as a currency, because it is still a bit of a third party that accepts bitcoin

I only hope Bitcoin will become popular on the biggest companies in the world. Amazon wants to accept it now, a few countries want to implement a Bitcoin-style currency for their citizens and this can bring up a lot of popularity for it. Bigger companies will convince then smaller ones so Bitcoin will become trendy and more would use it. It provides us so many advantages..
With all though this may be so but some of the biggest companies like Dell and Microsoft just to name 2 already accept bitcoin but it hasn't brought yoo much mainstream attention with it.
Still need that killer app

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November 24, 2016, 10:17:05 AM
 #660


With all though this may be so but some of the biggest companies like Dell and Microsoft just to name 2 already accept bitcoin but it hasn't brought yoo much mainstream attention with it.
Still need that killer app
the news weren't spreading a lot because it was from few years back they're starting to accept bitcoin. if they are accepting on this year it'll sure will be hyped by so many people but it doesn't matter anymore. they're just accepting bitcoin and it's good. just hoping for more sites to come especially online shop like ebay or amazon

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