Another Good Reason to Own Some BTC

[shamzblueworld]

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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".

That's a big plus. Especially when you travel to a bitcoin friendly country, you can actually leave out your credit cards or cash and use only bitcoin. So no worries of losing anything when on travel either.

[Vishnu.Reang]

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.

The solution for that is to use a third party wallet service such as Coinbase. Transfer between Coinbase wallets can cost as little as BTC0.00001, and the transactions are instant. I am not favoring Coinbase in anyway. We can use any similar service (BitPay is another one).

[xIIImaL]

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.

The solution for that is to use a third party wallet service such as Coinbase. Transfer between Coinbase wallets can cost as little as BTC0.00001, and the transactions are instant. I am not favoring Coinbase in anyway. We can use any similar service (BitPay is another one).

So far as I checked the all online wallets Coinbase default fees seems little better than xapo, blockchain and others. By default they consumes 0.00087 btc as transaction fee. I agree Bitpay wouldn't have this much fees but your transaction will be completed in a 30 minutes.

[Juggy777]

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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 think you have not written completely, but what I can understand is that you mean that be it any place, any time and you are out of Fiat you can use Bitcoins. Well it will depend country to country not all have accepted it as of now. Then I hope you have not forgotten the fees, this days I have to put all the transactions on the back burner because of the dam fees, I miss the good old days where there was no fees. Your idea is nice, but currently it's not globally adopted.

[RoommateAgreement]

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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 think you have not written completely, but what I can understand is that you mean that be it any place, any time and you are out of Fiat you can use Bitcoins. Well it will depend country to country not all have accepted it as of now. Then I hope you have not forgotten the fees, this days I have to put all the transactions on the back burner because of the dam fees, I miss the good old days where there was no fees. Your idea is nice, but currently it's not globally adopted.

i think you haven't really been making any transactions lately or "these days" becuse if you had you could have seen that since the spam attack stopped last week the mempool has been empty and the "good old days" are practically back and the low fee and extremely low fee transactions are also getting confirmed.

[Quietman]

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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.

Does it really need for bitcoin to get legalize before you use it? In my country, bitcoin is not really leagalize thouhg there is no law that opposes it but we could still use it anywhere. We can convert it to fiat from our hardware wallet. But what's not good is it takes an hour before you get to cash out your bitcoin. It can help as long as you dont need that bitcoin quickly. 

[cafucafucafu]

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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, if you are creative then you can literally do anything with bitcoin.

One of the main advantages of bitcoin is that you can use it anywhere. You are not restricted by borders like fiat, you don't have to declare if you have bitcoin because technically you are not carrying it on your person.

Keeping just a little bitcoin even as an average person would prove extremely helpful if you were in a situation where you need immediate access to cash, for example as you said, when you lose yoru credit card in another foreign country.

And pretty sure you don't need to be in a country where bitcoin is widely adopted, basically every country has bitcoin traders and you can always hit one up on paxful or LBC.

[odolvlobo]

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.

Yes, they do.

We do not store your bitcoins, we only provide you with the software you need to store them yourself. Your wallet is encrypted on your device with your personal password. Your password acts as your decryption key to both lock and unlock your wallet — your wallet cannot be accessed without it. Because we don’t know or store your password (we can’t even reset it), only you are able to unlock and decrypt your wallet.

[CrewKitten]

I actually did this in Mexico. I sold half a Bitcoin and was able to live off that for quite a while.

[Anegg]

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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".

Well, this is definitely one of the upsides of bitcoin which has allowed for it to grow into what it is today, and also what is making cryptocurrencies look much nicer and conveint. I would totally recommend keeping a couple of bitcoin just in case your wallet gets stolen overseas, so you can still use money with bitcoin. Maybe in the future bitcoin will be more widespread so anything can be bought with bitcoin, instead of hassling to exchange your bitcoin. Even in small countries it should be possible to sell your bitcoin for fiat making it super convenient.

[niisarearning]

Even i am having plan for travelling some country which really having bitcoin atm and Mining (May be china) . I keep my bitcoin for my travel expenses . It was my first priority to hold bitcoin for travel expenses. Its really one of the best upsides of bitcoin.

[HeRetiK]

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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".

Oh definitely. That's my plan B whenever I'm abroad. So far I never had to fall back on it though.

[BitcoinHunt3r]

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.

The solution for that is to use a third party wallet service such as Coinbase. Transfer between Coinbase wallets can cost as little as BTC0.00001, and the transactions are instant. I am not favoring Coinbase in anyway. We can use any similar service (BitPay is another one).

So far as I checked the all online wallets Coinbase default fees seems little better than xapo, blockchain and others. By default they consumes 0.00087 btc as transaction fee. I agree Bitpay wouldn't have this much fees but your transaction will be completed in a 30 minutes.

in real life i don't think if someone who lose his credit card will think about fees, if me i will do anything to fix it immediately so i can get out from that problem. ( in case if lose credit card problem )

[zarados]

having a bitcoin just like you plant a very large tree seedlings, as time will grow tall, each stems cultivate thousands of leaves, although sometimes there is a fall, does not mean he is dead completely, but there will be more new leaves that grow. tanam bitcoin sekrang dan panen hasilnya di waktu yang akan datang. 

[talkbitcoin]

the best reason would be when you want to go to a country like Japan which has about 260,000 merchants (last time i checked) who are accepting bitcoin. and that means you just walk around with your encrypted wallet on your phone for example and pay for anything you want with bitcoin, fast and easy and without the risk of someone mugging you in the street! they would just get your phone not your money.

[Amph]

this comparison doesn't make much sense you can also lose you know... your wallet and your bitcoin

the thing that matter is that you don't need to convert to local moneyw ith bitcoi, because it's a global currency

while with fiat you need to pay a fee for that

[YuginKadoya]

this comparison doesn't make much sense you can also lose you know... your wallet and your bitcoin

the thing that matter is that you don't need to convert to local moneyw ith bitcoi, because it's a global currency

while with fiat you need to pay a fee for that

Bitcoin Might be a global currency but I think that thought of yours is not applicable for now in certain countries, what if OP is from other countries besides the USA that have a privilege in using bitcoin anywhere the states, but I think in some countries they can not use their bitcoin directly that is why he is converting it into Fiat money first before he can surely use it, well we both do the same first before we can surely use bitcoin for payment in what ever we would like to buy or pay bills in certain situations.

[chocolah29]

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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.

Does it really need for bitcoin to get legalize before you use it? In my country, bitcoin is not really leagalize thouhg there is no law that opposes it but we could still use it anywhere. We can convert it to fiat from our hardware wallet. But what's not good is it takes an hour before you get to cash out your bitcoin. It can help as long as you dont need that bitcoin quickly. 

Yeah I also think so that bitcoin don't need to be legalize just to use it in your country like as long as you can convert it to fiat that will be alright. I don't like laws and regulations for bitcoin. We all love bitcoin the way its decentralized, everyone is hands off to this.

the best reason would be when you want to go to a country like Japan which has about 260,000 merchants (last time i checked) who are accepting bitcoin. and that means you just walk around with your encrypted wallet on your phone for example and pay for anything you want with bitcoin, fast and easy and without the risk of someone mugging you in the street! they would just get your phone not your money.

wow i don't really imagine that there are 260,000 merchant in Japan that accepting bitcoin, that's too many. I just can imagine myself walking in the street and shopping around with just my phone in my pocket. Ahhhh, that's life!

[krishnapramod]

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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".

Bitcoin is gradually being used in the travel and tourism industry, more options for booking tickets to accommodation are now available through bitcoin, but still there are many services a traveler might be not be able to get using bitcoin unless you are in Japan.

Using bitcoin instead of cash or cards for traveling has a lot of advantages, no need to worry about misplacing/theft cash or card, avoiding card fraud, no exchanges. Hassle-free traveling experience.

Yeah, bitcoin can be used as a back up if you end up losing cash or card.

[OROBTC]

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Thank you all for your replies.

In our case, having BTC (both hardware vulnerable to loss AND an online wallet) is our "Plan D" (the Scouts always have said: "Be Prepared").  We have cash, another credit card, an ATM card, and have already advised our bank re the problem.

YES, for BTC to work as described, the country you are in has to have someone to accept BTC...  But as cafucafucafu wrote, some creativity can help a lot...