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Author Topic: Do bitcoins better than bank cards like debit or credit cards?  (Read 950 times)
PalindromemordnilaP (OP)
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August 10, 2017, 05:39:07 PM
 #1

I do wonder which is really better between using these two types of digital payment system for both sides of transactions as to:

1. speed;
2. reliability; and
3. security.


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August 10, 2017, 06:35:05 PM
 #2

I do wonder which is really better between using these two types of digital payment system for both sides of transactions as to:

1. speed;
2. reliability; and
3. security.



That's a rhetorical question while I am taking for granted that the website where you will buy is a very legit one. Surely Bitcoin and Bitcoin debit cards are better, they have much better security than a conventional debit card. Speed is instant in Bitcoin kinda like the traditional debit card but here there is no bank account setting limits for you ,for example making your max daily spend limit let's say 1000 dollars, there is no limit in the bitcoin and bitcoin debit card payment system unless you decide to set a limit. Reliability is great too together with security being as secure as the user computer is in the case of bitcoin and the same as a traditional debit card when you use a bitcoin debit card.

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August 10, 2017, 06:37:04 PM
 #3

Credit cards are a great way to pay for things.

I think the only problem is they are based on fiat.

Someday many people will use credit/debit cards to pay with Bitcoin instead of fiat.
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August 10, 2017, 06:39:39 PM
 #4

Debit cards require a third party which is never a good thing when you're talking about money. Why trust them with your money when you don't have to anymore? That's so archaic. Bitcoin transactions are instant whereas credit cards take days to confirm. Just because it shows up as a transaction right as you spend that doesn't mean that it's gone through yet. Also, when it does go through charge backs are so easy it's a joke.
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August 10, 2017, 06:56:34 PM
 #5

Surely btc will never end up like a credit card
Btc is something virtual yet and will remain virtual and the credit card is something real
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August 10, 2017, 07:21:45 PM
 #6

Some credit card and debt card transactions do take many days before the actualization of the transactions. Bitcoin transaction on the others hand is almost instant transfer. Bitcoin is decentralized therefore you can easily do transaction all over the world not as most of debt and credit that are not acceptable all over the world.
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August 10, 2017, 10:00:51 PM
 #7

Credit cards are without a doubt more efficient, especially with tap and instant payment.

However, Bitcoin is still essentially brand new which means over tie we will develop payment applications that are at least as good, but more likely even better than current ones like credit/debit cards.



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serjent05
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August 10, 2017, 10:07:12 PM
 #8

I believe Bitcoin is far superior in terms of security.  Though in time of speed of payment confirmation I think debit and credit card is way faster than bitcoin. Though I would go with the security than the speed of transaction. 

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August 10, 2017, 10:23:00 PM
 #9

I think kaertu credit is better for buying goods transactions. Because credit cards are acceptable in all stores. Different from bitcoin even though bitcoin is easier than credit card, not all stores accept bitcoin as payment. Bitcoin is easier to make transactions because it only requires internet connection while credit card requires atm machine to transact. Both have the same advantages and disadvantages of each. I think if we have both .. you can do anything in payment transaction
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August 10, 2017, 10:32:57 PM
 #10

Credit cards are a great way to pay for things.

I think the only problem is they are based on fiat.

Someday many people will use credit/debit cards to pay with Bitcoin instead of fiat.

One of the main benifits of credit/debit cards is a charge-back, how would this work if you based it on Bitcoin?
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August 10, 2017, 11:52:46 PM
 #11

I do wonder which is really better between using these two types of digital payment system for both sides of transactions as to:

1. speed;
2. reliability; and
3. security.



There a lot of advantages to Bitcoin as opposed to credit cards. For one thing, credit card companies charge a fee to the business to use the credit card. Also, with Bitcoin, there is no middle man so you are dealing directly with the business. To me this is more secure because a credit card company doesn't have to have all my personal information.
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August 11, 2017, 04:12:41 AM
 #12

I do wonder which is really better between using these two types of digital payment system for both sides of transactions as to:

1. speed;
2. reliability; and
3. security.



Well, for me bitcoin is better than bank cards, because bitcoin is a form of assets or investment of yours where it has a capability that can produce money anywhere you go. Unlike bank cards is not the same as bitcoin have. And it is very,  secured and safe than anyone else.
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August 11, 2017, 04:18:37 AM
 #13

I do wonder which is really better between using these two types of digital payment system for both sides of transactions as to:

1. speed;
2. reliability; and
3. security.



Well, for me bitcoin is better than bank cards, because bitcoin is a form of assets or investment of yours where it has a capability that can produce money anywhere you go. Unlike bank cards is not the same as bitcoin have. And it is very,  secured and safe than anyone else.

Well in terms of investments and assets, btc really is better but in terms of fees and transaction i think having credit card is much better. although security when it comes to these in the internet is risky. credit card really is faster in terms of speed and reliability in the physical transactions. Both of them are different because one is crypto and other is fiat.
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August 11, 2017, 04:26:43 AM
 #14

Credit cards charge a hidden fee from sellers, up to 4% or maybe even more. More expensive than Bitcoin unless for small trades.
There are credit card frauds and loss of money and chargeback. It is very hard to fake a Bitcoin payment. Chargeback is a two-edged sword because the buyer may scam the seller, but if the seller scams, no chargeback = nothing can be done.
Credit cards may lead to debit, which isn't good, and you need a back account and everything to have it, and you usally pay fees just to keep the credit card.

Credit cards are more expensive and harder to have and maintain.
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August 11, 2017, 04:27:27 AM
 #15

Bitcoin is better than debit cards especially than every other wallet.
I do not like the feature of debitcards sharing info to third parties.
Security is the priority in bitcoin wallets, so i like both the security and speed feature

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August 11, 2017, 11:48:35 AM
 #16

I can say that bitcoin is better than credit cards because bitcoin gives you money while credit cards take out money from you and bitcoin is not that fixed in value like debit cards because its market is always moving and it can go up into a higher price or even lower price.
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August 19, 2017, 02:22:10 AM
 #17

I believe Bitcoin is far superior in terms of security.  Though in time of speed of payment confirmation I think debit and credit card is way faster than bitcoin. Though I would go with the security than the speed of transaction. 

Bitcoin is the best because its promotes savings it means we will stay out from credits of interest and charges because we could budget our spending using actual cash in our pocket while credit card promotes credit in which most of people who dont have the dicipline to use it mostly are indebt. Debit card is good but i hate the travel to go to the banks just to fund the card for future spending. Bitcoin is within finger tips which i could have in cash almost in all banks and establishment.
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August 19, 2017, 02:41:14 AM
 #18

Yes it is. First, Bitcoin is encrypted, so it must be secure. Second, anyone can use it. Because it is free and no need for verification like ID Card or something like that. This is very good for kids or teenagers who want to start business early. It is quite easy to get money from Bitcoin, unlike dollar.

Right now, there are a lot of shop who use Bitcoins. I don't like credit cards. The tax and the debt is soo not good.
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August 19, 2017, 02:44:24 AM
 #19

If I think speed is the most important thing. And privacy issues, I think they're both balanced. Bitcoin also ensures good transparency and privacy security because bitcoin uses blockchain technology.

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August 19, 2017, 02:46:04 AM
 #20

I can say that bitcoin is better than credit cards because bitcoin gives you money while credit cards take out money from you and bitcoin is not that fixed in value like debit cards because its market is always moving and it can go up into a higher price or even lower price.

Credit cards are not good. I think the best to do when buying things is "in cash", what means pay the whole price of thing at once or to split in parcels but without extra fees. The problem with Debit card is that it's related to fiat, and fiat currencies aren't good to hold as it loses price.

The perfect solution is a Debit BTC card as there are few of them as I know. Few people only have them, but soon it will become more common.

 
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August 19, 2017, 02:52:11 AM
 #21

I do wonder which is really better between using these two types of digital payment system for both sides of transactions as to:

1. speed;
2. reliability; and
3. security.




I think it depends on which country you have belong.

For first world country either bitcoin or debit card were still okay. Most people in europe have master card so the everyday transaction when they bought goods were very smooth and fast.

For third world country. The everyday transactions were slow and tiring because most people do not have a debit card they used cash when buying goods.

For this reason bitcoins were better in third world countries because people could pay through mobile online transaction. Internet and cellphone today is necessary to everyone so online transaction was not a problem anymore. However the problem was that not all stores in third world country accept bitcoins.

In terms of speed and reliability both bitcoins and debit cards were the same. However in security I believed bitcoins was better compare to debit card.😁
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August 19, 2017, 03:01:28 AM
 #22

For me bitcoin is much better in terms of speed, reliability and security. When compared bitcoin is much more faster in terms of sending and receiving transactions with low fees especially when an scaling solution was implemented to improve bitcoin. It is much more reliable than cause you dont have to give away your personal information in order to buy something or pay something and bitcoin now is widely accepted as payment processor and not centralized.In terms of security i go with bitcoin as well. How many stolen credit card is being sell in the darknet sites daily?

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August 19, 2017, 03:07:58 AM
 #23

I do wonder which is really better between using these two types of digital payment system for both sides of transactions as to:

1. speed;
2. reliability; and
3. security.



When it comes to speed, I think debit or credit cards are much faster than Bitcoin. All you need is one swipe to pay for your purchased goods or just the card numbers if purchased online while in Bitcoin, it need to undergo different confirmations before the transaction becomes successful. Same way with reliability and security, the debit and credit cards are more reliable and secure for me because Bitcoin is decentralized while banks have goberning bodies which makes it more secure. But I still love using Bitcoin than those cards. I never applied for a credit card. I don't like having one.
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August 19, 2017, 03:24:14 AM
 #24

For me bitcoin is much better in terms of speed, reliability and security. When compared bitcoin is much more faster in terms of sending and receiving transactions with low fees especially when an scaling solution was implemented to improve bitcoin. It is much more reliable than cause you dont have to give away your personal information in order to buy something or pay something and bitcoin now is widely accepted as payment processor and not centralized.In terms of security i go with bitcoin as well. How many stolen credit card is being sell in the darknet sites daily?
It seems that credit or debit cards are less secured compare to bitcoin accounts. Probably because banks needs your real identity before making transaction with them unlike bitcoin accounts and anyone may have a chance to steal your account. But in bitcoin, its very difficult because of its unique keys and  your identity will be hide therefore its hardly to trace nor anyone don't have a chance to steal money from you.
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August 19, 2017, 03:26:34 AM
 #25

In terms of security, I think Bitcoin is much better than any debit cards though they are also doing their best to protect their business and their names so that clients will still trust them. We already have Bitcoin-denominated debit cards now and they must be getting popular due to convenience and accessibility. Just search for them and find the one that can suit your needs and situations.
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August 19, 2017, 04:53:27 AM
 #26

I think that among the three have a negative and positive side. Well, for me it depends on which side of the need we see it.
Bitcoin allows us to send and receive money instantly anywhere and anytime. No holidays like banks, no state borders. No restrictions apply. Bitcoin gives its users full control over their money.

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August 19, 2017, 06:34:43 AM
 #27

I think that among the three have a negative and positive side. Well, for me it depends on which side of the need we see it.
Bitcoin allows us to send and receive money instantly anywhere and anytime. No holidays like banks, no state borders. No restrictions apply. Bitcoin gives its users full control over their money.
just hoping that bitcoin will be recognize in most establishment so it can be use as mode of payments like credit cards and debit cards
if bitcoin can be use that way. I think its better than those two but right now there's some limitations and credit card and debit card still
getting some edge.
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September 06, 2017, 06:32:13 AM
 #28

Cool! thanks for the enlightenment sir! well i guess bitcoin is really good as compare to credit cards as i summed up all of your responses. I'm in for the very first campaign that i have joined since i became a junior member. hoping i can earn more bitcoins here.

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September 06, 2017, 06:50:08 AM
 #29

Cool! thanks for the enlightenment sir! well i guess bitcoin is really good as compare to credit cards as i summed up all of your responses. I'm in for the very first campaign that i have joined since i became a junior member. hoping i can earn more bitcoins here.
Just keep being active here in our forum and do all your best to your current campaign so you can have a great quality of post and you will be able to build a great profile for your next signature campaigns. Don't get bored if you are working here because it will pay off after your signature campaign and don't forget to be always active.
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September 14, 2017, 08:00:39 AM
 #30

The price of BTC increases and the money on your debit cards don't grow, so the choice is obvious
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September 14, 2017, 08:17:27 AM
 #31

The speed and security makes bitcoin better than bank cards.One more option probably in bank cards is that bank money paid by credit cards can be reversed.
Bitcoin once sent,can't be claimed back. I like the security and prefer to use bitcoin cards rather than bank cards.
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September 14, 2017, 08:31:50 AM
 #32

credit cards and debit cards can be duplicated by skimming device so it fails the security and before you can use it you need fill up your information's while bitcoin only takes a seconds by scanning qr code or or input the receivers address with anonymous transaction so Bitcoin is better. the only problem here is the acceptance of bitcoin
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September 21, 2017, 02:18:14 AM
 #33

I do wonder which is really better between using these two types of digital payment system for both sides of transactions as to:

1. speed;
2. reliability; and
3. security.


Hmm.i think its better to compare these in terms of service , security and reability. Bitcoin can't collect interest unlike that the bank do. Also its not need an minimum balanced to check your accout (like atm cards) and in terms of security i think they're all the same. And in the reability. I think bitcoin is more reliable than the bank because if you have an emergency you do find banks but in bitcoin just exchange it in to your money country then it is. So i think bitcoin is better than those two.
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September 21, 2017, 02:33:00 AM
 #34

I think speed and security is what bitcoin is known for, although it is not that reliable, but yeah. If I ever I would have a BTC debit card, I will use it rather than bank cards or credit cards. Having bitcoin in my pocket or in my wallet is a good thing, it feels like I'm walking with my investment on me.

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