Bitcoin as a way of avoiding to change money when travelling abroad

[winterland]

If you travel abroad from time to time, you are probably used to change money: to do so, you have to find a change office and accept the rates they offer. Many of them also ask to pay a fixed-amount fee, they want more money than what they get from the fx rate.... If it is a touristic place, there may be a little competition from different change offices, at least, if they don't agree prices. But in general, as an individual, you have very little power, you can't hardly negotitate, only accept what they propose... On the other side, if you choose to withdraw money from an ATM with your credit card, you will be paying the FX rate your bank decides to apply to you, with potentially other fees...

However, if Bitcoin become an accepted currency in shops worlwide, we could avoid to change money to the local currency. We will still need to change from OUR currency to Bitcoin, but I feel that we have a much larger negotiting power on that:
- you can do it anytime from your home
- you may automatically buy Bitcoin with a given limit at interesting rates, intead of accepting the prices proposed by a few change offices in the area
- you may have already created a Bitcoin wallet and be used to it: you will automatically understand if a price in a shop is cheap or expensive because you are used to see prices in bitcoins, instead of having to translate into your currency...
- you may keep the remaining money in Bitcoins and still be able to use it when you are back home, etc...

Bitcoin would work as a parallel universal currency, a situation that already exists with USD in many countries, where it is used in parallel with the local currency.

But of course, prior to that, it will need to become widely accepted and have a more stable price

What do you think? Have you ever used bitcoin when travelling abroad?

Well never really tried to travel abroad but this is really a good idea,
We could really use bitcoin to buy their currency without fees with their local FIAT exchanger.

I have never traveled abroad but I do not see why this strategy could not work, just make sure to bring with you other payment methods in the case you are not able to exchange your bitcoin for local currency fast enough.

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[KEPLER99]

If you travel abroad from time to time, you are probably used to change money: to do so, you have to find a change office and accept the rates they offer. Many of them also ask to pay a fixed-amount fee, they want more money than what they get from the fx rate.... If it is a touristic place, there may be a little competition from different change offices, at least, if they don't agree prices. But in general, as an individual, you have very little power, you can't hardly negotitate, only accept what they propose... On the other side, if you choose to withdraw money from an ATM with your credit card, you will be paying the FX rate your bank decides to apply to you, with potentially other fees...

However, if Bitcoin become an accepted currency in shops worlwide, we could avoid to change money to the local currency. We will still need to change from OUR currency to Bitcoin, but I feel that we have a much larger negotiting power on that:
- you can do it anytime from your home
- you may automatically buy Bitcoin with a given limit at interesting rates, intead of accepting the prices proposed by a few change offices in the area
- you may have already created a Bitcoin wallet and be used to it: you will automatically understand if a price in a shop is cheap or expensive because you are used to see prices in bitcoins, instead of having to translate into your currency...
- you may keep the remaining money in Bitcoins and still be able to use it when you are back home, etc...

Bitcoin would work as a parallel universal currency, a situation that already exists with USD in many countries, where it is used in parallel with the local currency.

But of course, prior to that, it will need to become widely accepted and have a more stable price

What do you think? Have you ever used bitcoin when travelling abroad?

Bitcoin saves you the whole stress of having to convert your money to another currency when you are making an international flight, now all you just need is a little cash in the foreign currency just in case of emergency and you have to use cash, else you’re good to go, you can easily convert bitcoins with the use of localbitcoins.com

[Jovovich]

That would actually because I too am planning to visit at least some Asian countries after I could stable in this business that I'm actually saving up by using bitoind I have earned. Although this will take too long to be effective i still hope this would happen

[fishbonez11]

I haven't tried using bitcoin during travels, but it will definitely be more convenient to use this digital currency. If this is the case, then there will be no need to convert money. Travelers will not be confused with the foreign money that they have. Being tricked by sneaky people taking advantage will also be lessened. There will be no unused coins and bills that that will go to  waste. It is a pretty imagery and possibility though the use of bitcoin is still not familiar to many places and few merchants are accepting bitcoin.

[jayhawk1]

If you travel abroad from time to time, you are probably used to change money: to do so, you have to find a change office and accept the rates they offer. Many of them also ask to pay a fixed-amount fee, they want more money than what they get from the fx rate.... If it is a touristic place, there may be a little competition from different change offices, at least, if they don't agree prices. But in general, as an individual, you have very little power, you can't hardly negotitate, only accept what they propose... On the other side, if you choose to withdraw money from an ATM with your credit card, you will be paying the FX rate your bank decides to apply to you, with potentially other fees...

However, if Bitcoin become an accepted currency in shops worlwide, we could avoid to change money to the local currency. We will still need to change from OUR currency to Bitcoin, but I feel that we have a much larger negotiting power on that:
- you can do it anytime from your home
- you may automatically buy Bitcoin with a given limit at interesting rates, intead of accepting the prices proposed by a few change offices in the area
- you may have already created a Bitcoin wallet and be used to it: you will automatically understand if a price in a shop is cheap or expensive because you are used to see prices in bitcoins, instead of having to translate into your currency...
- you may keep the remaining money in Bitcoins and still be able to use it when you are back home, etc...

Bitcoin would work as a parallel universal currency, a situation that already exists with USD in many countries, where it is used in parallel with the local currency.

But of course, prior to that, it will need to become widely accepted and have a more stable price

What do you think? Have you ever used bitcoin when travelling abroad?

Using bitcoin when travelling will save you the stress of having to convert your money to a foreign currency before finally travelling, now all you need to do, is just to travel with your wallet safely with you, you can start exchanging for cash when you arrive your destination.

[Carlsen]

Using bitcoin abroad means that you have to travel in a country where its use is common.
But in general I would say that you have more instability through the volatile nature of bitcoin than you have when you exchange it in a local fiat.
Bitcoin does not only go up. And when you are on vacation you can't just wait until it recovers because your trip is mostly limited in time.

[Maddinson100]

If you travel abroad from time to time, you are probably used to change money: to do so, you have to find a change office and accept the rates they offer. Many of them also ask to pay a fixed-amount fee, they want more money than what they get from the fx rate.... If it is a touristic place, there may be a little competition from different change offices, at least, if they don't agree prices. But in general, as an individual, you have very little power, you can't hardly negotitate, only accept what they propose... On the other side, if you choose to withdraw money from an ATM with your credit card, you will be paying the FX rate your bank decides to apply to you, with potentially other fees...

However, if Bitcoin become an accepted currency in shops worlwide, we could avoid to change money to the local currency. We will still need to change from OUR currency to Bitcoin, but I feel that we have a much larger negotiting power on that:
- you can do it anytime from your home
- you may automatically buy Bitcoin with a given limit at interesting rates, intead of accepting the prices proposed by a few change offices in the area
- you may have already created a Bitcoin wallet and be used to it: you will automatically understand if a price in a shop is cheap or expensive because you are used to see prices in bitcoins, instead of having to translate into your currency...
- you may keep the remaining money in Bitcoins and still be able to use it when you are back home, etc...

Bitcoin would work as a parallel universal currency, a situation that already exists with USD in many countries, where it is used in parallel with the local currency.

But of course, prior to that, it will need to become widely accepted and have a more stable price

What do you think? Have you ever used bitcoin when travelling abroad?

With bitcoin you don’t have to bother about having to exchange your money at all those bureau de change offices all around that charge high fees for helping you exchange you money to another currency. Now with your wallet and internet connection you can have any currency you want.

[marjoree]

I really love travelling and if one day Bitcoin becomes that accessible, it will probably cause less wasting time of exchanging our currency and by then more people will join here so that they can afford getting abroad using Bitcoins

[Pleione527]

This is one of the main concern of many bitcoin users we want to have the best convenient crytpto currency can offer, if time comes that different country will accept bitcoin as a mode of payment, travelling abroad will be very easy you don't have to worry whether you have dollars in your pocket you can do shopping and eating in restaurants using bitcoin you can keep it on online wallet so you don't have to worry that you may lost it also you don't need to disclose too much of your personal information because they would not require you.

[HabBear]

You don't have to wait, this already exists with Wirex.

Wirex is a currency exchange and payment service. You fund your account with Bitcoin, create digital or plastic debit cards to serve the various global currencies you wish to spend with and then load each card with Bitcoin when you needed it. You've avoided currency exchange fees and the spread in the actual exchange of the currency (which is a cost in addition to the fees).

The only challenge is that Wirex doesn't operate in all global currencies and isn't available for all Countries.

[aencarnaci]

If you travel abroad from time to time, you are probably used to change money: to do so, you have to find a change office and accept the rates they offer. Many of them also ask to pay a fixed-amount fee, they want more money than what they get from the fx rate.... If it is a touristic place, there may be a little competition from different change offices, at least, if they don't agree prices. But in general, as an individual, you have very little power, you can't hardly negotitate, only accept what they propose... On the other side, if you choose to withdraw money from an ATM with your credit card, you will be paying the FX rate your bank decides to apply to you, with potentially other fees...

However, if Bitcoin become an accepted currency in shops worlwide, we could avoid to change money to the local currency. We will still need to change from OUR currency to Bitcoin, but I feel that we have a much larger negotiting power on that:
- you can do it anytime from your home
- you may automatically buy Bitcoin with a given limit at interesting rates, intead of accepting the prices proposed by a few change offices in the area
- you may have already created a Bitcoin wallet and be used to it: you will automatically understand if a price in a shop is cheap or expensive because you are used to see prices in bitcoins, instead of having to translate into your currency...
- you may keep the remaining money in Bitcoins and still be able to use it when you are back home, etc...

Bitcoin would work as a parallel universal currency, a situation that already exists with USD in many countries, where it is used in parallel with the local currency.

But of course, prior to that, it will need to become widely accepted and have a more stable price

What do you think? Have you ever used bitcoin when travelling abroad?

This is like one of the best reasons bitcoin will even be adopted globally soon. I have tried this twice and it was like, yeah! I have been able to finally solve one piece of the puzzle I always battle with in the past regarding having to change my currency before travelling. However, this still depends on the country you are going to but over time, as bitcoin evolves the more, we will start having more adoptions.

[guoyu78]

This is a good idea, but all the same, it will not be possible to settle accounts in every country with the help of bitcoins. Also it is necessary to take into account that in some countries it is generally prohibited.

You do not really have to start settling accounts. Isn't that why we have P2P exchange sites like localbitcoin? However, like you said, this cannot work for all countries now until we start seeing adoptions from other countries.