Another Good Reason to Own Some BTC

[OROBTC]

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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".

[MWesterweele]

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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".

Having a bitcoin is a privelege , if we had a bitcoin we already have the curency for the future . And bitcoin for more more years will be likely to increaae its value more.

[malikusama]

There are many advantages of owning bitcoins like this one, however still many of the people are not aware of its advantages yet. Online wallets are not that safe like offline wallets but are very useful in these type of scenarios.

[Taki]

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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".

As I know you pay bills through online banking and if you loose your card the first thing you have to do is to block your bill. So, you can't pay your costs with bitcoins, if only the place does accept bitcoins directy.

[eckmar]

With current transaction fees it's not really worth to pay for some "small bills" since the fee will be like 50% of what you are paying for.

[stevebc]

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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".

Don't we all have our online wallets secured by 2FA?  If so - better make sure that when your credit card gets stolen they don't take your phone/yubikey or what have you also!

[eckmar]

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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".

Don't we all have our online wallets secured by 2FA?  If so - better make sure that when your credit card gets stolen they don't take your phone/yubikey or what have you also!

Problem with online wallets are not that only are less secure its that you are putting your money in someone else's hands so you have to trust company hosting the wallet in the first place

[satoshforever]

imo this is a nice use case, cool to have transferrable online cash everywhere. But you do have to remember the key or secure it somewhere online, which is a drawback

[odolvlobo]

Problem with online wallets are not that only are less secure its that you are putting your money in someone else's hands so you have to trust company hosting the wallet in the first place

Their are online wallets, such as blockchain.info and airbitz, that give you exclusive control of your keys.

[LTU_btc]

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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".

As I know you pay bills through online banking and if you loose your card the first thing you have to do is to block your bill. So, you can't pay your costs with bitcoins, if only the place does accept bitcoins directy.

If you lost your card, you need immediately contact your bank to block card, not bill.

Problem with online wallets are not that only are less secure its that you are putting your money in someone else's hands so you have to trust company hosting the wallet in the first place

Their are online wallets, such as blockchain.info and airbitz, that give you exclusive control of your keys.

Blockchain.info don't give control of private keys.

[mrcash02]

You would need to find someone there on that country buying Bitcoins and giving fiat instantly on your hands.

Only good if there were a trusted exchange house, something like this offering this service, because it's too dangerous to trust a stranger to do this transaction, you can give your Bitcoins and he won't give you any $$ back.

[xuan87]

But we can only pay if that shop is accepting Bitcoin, even though the country legalized and accepting Bitcoin that doesn't mean all the shop is accepting bitcoin, the implementation of Bitcoin for shop is still too little, so for now we can't depend on Bitcoin, but in the future I am sure we can live by only using Bitcoin

[darklus123]

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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".

What if you were also going to lose your smartphone along with your wallet. What can be your options? Unless that there would be an atm machine that allows you to log in using your keys however this is to dangerous so what would really be the option?

[harizen]

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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".

I don't think I will travel with just only credit card. It's a risk and everyone knows that. It's just a backup and not my main tool for spending. I have to bring some cash too.

Also I doubt that even in a country with active bitcoin scene, I can see services are just around. Still a risk to just rely only on credit card and bitcoin as only used for my spendings when I do travel.

[DOGE12321]

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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".

Yeah Bitcoin is great when it comes to situation like that. Of course the country would have to have Bitcoin legal before you can do such things, but Bitcoin is still a lifesaver here.

But I am baffled by this statement: "Here is a case for having an online wallet, "travels anywhere"."

I mean it does not have to be an online wallet does it? You could use your hardware wallet or offline wallet if you bring your device. Why compromise the safety of your Bitcoin by entrusting all your funds to some dodgy online wallet like coinbase, when you can ensure safety with your hardware or offline wallet? 

I would just take my hardware wallet with me while I travel. After all, it didn't get the name Ledger NANO for no reason. It is convenient and portable AND safe too. I would never trust my Bitcoin funds with online wallets.

[killgald]

It is a good way in case of emergency, but how could you use your BTC in some restaurant or in a hotel? maybe with a card that use btc or something like that! a Bitcoin bank

[YOYOY]

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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us. 

Here is a case for having an online wallet, "travels anywhere".

Yes it is a good reason to have some bitcoin and you have online wallet but the only problem you may encounter even if you have bitcoin and you lose your credit card if the country you visiting accept bitcoin or you are clearly remember your password through it, so better save some writings on your notebook or notepad in that way you will be saved. Just a reminder, but you have a point out there mate. Nice topic and information you got there.

[Manuj]

I agree. The good thing about bitcoin is that it is like an international money for all of us. One that has bitcoin can go to places without necessarily exchanging his current currency to that his country destination is using. For as long as he has bitcoin he can go there immediately and if there no stores that accept bitcoin as payment then he has just to exchange them to the country's money.

[pooya87]

~Here is a case for having an online wallet, "travels anywhere".

better have paper wallet, in that case you truly control everything and travelling with a piece of paper with some "nonsense" written on it is easy. you just put it anywhere and nobody can ask you why are you taking 1 billion dollar out of the country

[aTriz]

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If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".

This may become an issue for us.  

Here is a case for having an online wallet, "travels anywhere".

One of the best things about bitcoin is that it does not discriminate against countries. You using bitcoin in North Korea compared to you using bitcoin in the USA, as long as you have some sort of internet access, you'll be getting the exact same product.

Losing a credit card is something that is a real possibility. By carrying cash around in certain countries you have a high chance of getting robbed, and it's just inconvenient. With bitcoin, everything is done at your fingertips. Even in small countries there will be bitcoin traders on localbitcoins willing to take your bitcoin for cash. It's quite a sound backup plan in my opinion, just in case something unexpected does happen on your trip, you dont have to waste money on foreign exchange again.