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Author Topic: Do bitcoins better than bank cards like debit or credit cards?  (Read 950 times)
andthereyou
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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.😁
Sadlife
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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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erickkyut
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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.
Hamstead
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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.
CryptoBry
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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.
gundala
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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.
PalindromemordnilaP (OP)
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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.

DoublerHunter
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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
h0lybyte
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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
Fasdartin
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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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