Bitcoin-Brokers is now offering multiple reloadable debit card solutions to the bitcoin community.
Each solution has its own unique set of pros and cons based on each user's preferences.
Neither of these solutions are anonymous, so if you insist on anonymity, these will not work for you.
These solutions are only available to residents in the USA.
Option #1
www.Rushcard.com
-Rushcard was started over 10 years ago.
-Rushcard is a USA company, and the issuing bank is Metabank, which means that all funds held on your card are FDIC insured.
-Rushcard comes with live 24 hour a day customer service.
-Rushcard comes with a website which allows cardholders to log in and see all their card information such as balances, activity etc.
Card fee $3.95-$9.95 per card, and you will need to purchase 2 of these cards.
ATM Withdrawal Fee -$2.50
Maximum cash withdrawal per month- $5,000With your PIN, you may use your Card to obtain cash from any Automated Teller Machine ("ATM") or any Point-of-Sale ("POS") device, as permissible by a merchant that bears the Visa, Interlink®, Plus®, Maestro®, or MoneyPass® Acceptance Mark. MoneyPass is a surcharge-free ATM network. See
www.rushcard.com for a complete list of all surcharge-free MoneyPass ATMs. All ATM transactions are treated as cash withdrawal transactions. You may use your Card at an ATM. The maximum withdraw from an ATM in one transaction is $500.00. The maximum cumulative amount that may be withdrawn from multiple ATMs per 24 hour period is $500.00.
Please refer to the Cardholder Agreement for additional information on limits by all load types. Limits: $1,000 total per 24-hour period for cash loads; $2,000 total per 24-hour period, and $5,000 total per month for Card-to-Card transfers to your own personal cards; $2,000 total per month for Card-to-Card transfers to any one individual RushCard holder; $5,000 per transaction for ACH/Direct Deposit via employer-issued payroll and $2,000 per transaction for ACH via PayPal, Government Benefits, or Child Support.
How this option works-
You will need to purchase 2 debit cards from Rushcard. Once your debit cards have arrived and you have activated them with Rushcard, you will mail one of these debit cards to Bitcoin-Brokers.
When you wish to load bitcoin onto these debit cards you will transfer your bitcoin to Bitcoin-Brokers. We will immediately sell your bitcoin at the Bitstamp exchange at current market rates. We will then take the debit card that you mailed to us to one of the Rushcard load locations the same day and load funds onto this debit card minus our fees.
We will notify you that your load has been completed. You will then log onto the Rushcard website and perform a free card to card transfer which will draw the funds off of the card you mailed to us onto the card that is in your control.
You can then take that card to any ATM and withdraw your money
Option #2
Bank of America debit card
Wells Fargo debit card
PNC Bank debit card
Card fee-Free from your own bank
ATM withdrawal fee-Check your current debit card fee associated with your respective bank
Maximum cash withdrawal per month-UnlimitedHow this option works-
When you wish to load bitcoin onto your existing debit card issued by one of the above banks, simply transfer your bitcoin to Bitcoin-Brokers. We will immediately sell your bitcoin at the Bitstamp exchange at current market rates. We will then visit any of the above listed banks and deposit cash into your specified account the same day minus our fees.
We will notify you that your load has been completed.
You can immediately take your debit card to any ATM and withdraw cash as you normally would.
Our fee is 8% +$5.00 ( the $5.00 is to cover the load fee at the load location) for both debit card options.Some people will be wondering why should they pay Bitcoin-Brokers 8% when they could simply sell their bitcoin at Coinbase and have the funds transferred to their account for much less. Coinbase is a great company, and if you have a very small amount of bitcoin to sell, then Coinbase is probably the route you should pursue for obviously reasons. Though, if you use Coinbase to liquidate large amounts of bitcoin and have those funds transferred to your bank account from Coinbase, it is only a matter of time before your bank will close every single one of your accounts without warning.
Simply perform a Googe search for "coinbase closed bank account" and you will read countless stories of Bank of America, Wells Fargo, PNC, Chase and all the major banks closing people's bank accounts because they used the bank for their bitcoin business.
You can avoid losing your business accounts, and your personal accounts by having Bitcoin-Brokers personally visit your bank, and make a simple cash deposit into your account, and by doing so, your bank will never have any idea that these funds were associated with bitcoin whatsoever, and thus preserve your banking relationships.
Who is Bitcoin-Brokers?
Bitcoin-Brokers was established in June 2013.
We have handled 6,000 transactions totalling millions of dollars.
We have a review thread which has approximately 70,000 views, hundreds of comments, and you will not find one single complaint since inception. Every buyer and seller who has ever dealt with us has always received exactly what they should have. I encourage you to read through our review thread which can be found here:
https://bitcointalk.org/index.php?topic=237164.msg9460906#msg9460906
