OMG I found a Bitcoin Debit Card shipping to US Residents! Earn 4.85% APR Also!!

[muh_roads]

OMG, OMG, OMG!

I don't want to get too excited but if this works I can direct Bitwage to something finally and tell Wells Fargo to go screw off.

https://www.wagecan.com/

Not entirely sure how they provide 4.85%, I think it fluctuates...this is what it says...

The APR shown are based on a 7-day rate period, and are based upon a variety of conditions which include our low-risk bitcoin investments performace. The minimum deposit to earn interest is above 0.1 BTC

 

[kfarnan]

finally. thanks....

 

[Barrex]

I am so excited how fast Bitcoin services are developing. First there was btcjam where people can offer and recieve loans directly without middleman/bank and now this...

Things are moving at a lot faster pace than what I was expecting.

 

[presence]

[TABLE="class: table table-hover"]
[TR="class: active"]
[TH]Fees[/TH]
[TH]USD[/TH]
[TH]Remark[/TH]
[/TR]
[TR]
[TH]ATM Enquiry[/TH]
[TD]Free[/TD]
[TD]-[/TD]
[/TR]
[TR]
[TH]ATM Cash Withdrawal[/TH]
[TD]1% (or a minimum of 3 USD)[/TD]
[TD]-[/TD]
[/TR]
[TR]
[TH]POS[/TH]
[TD]Free[/TD]
[TD]-[/TD]
[/TR]
[TR]
[TH]Currency Conversion Fee[/TH]
[TD]1.5%[/TD]
[TD]-[/TD]
[/TR]
[TR]
[TH]New Card Fee (broken/lost/renew before expiration)[/TH]
[TD]15 USD[/TD]
[TD]-[/TD]
[/TR]
[TR]
[TH]Inactive Account Management Fee＊[/TH]
[TD]2 USD per month[/TD]
[TD]If there is no transaction within 12 consecutive months, a deduction will be conducted from the 13th month.[/TD]
[/TR]
[TR]
[TH]Expired Account Management Fee＊[/TH]
[TD]10% of card balance (or a minimum of 2 USD per month)[/TD]
[TD]Only apply to an expired WageCan Bitcoin Debit Card.[/TD]
[/TR]
[TR]
[TH]Expired Card renew[/TH]
[TD]Free[/TD]
[TD]Card will not be renewed if top-up is within 5 BTC before the card expired, and the remaining balance from your account will not be refunded either.[/TD]
[/TR]
[/TABLE]

..



for reference Simran charges 5% flat fee for BTC to paypal

 

[brandon]

3 atm withdrawal fee? Ouch... those terms blow.

OP you should have left WF years ago. They are the worst. There's a lot of good online banks like ally that have excellent terms and accounts with zero fees.

 

[muh_roads]

3 atm withdrawal fee? Ouch... those terms blow.

OP you should have left WF years ago. They are the worst. There's a lot of good online banks like ally that have excellent terms and accounts with zero fees.

I rarely pull cash out. But there is a much bigger picture here. Using FRN's funds US sponsored terrorism. All banks suck. Your online bank isn't "free" in the grand scheme of things considering the rising costs inflicted upon us due to our policies. Not to mention killing foreign kids kinda sucks.

I'm converting my entire life to just earning and spending BTC with as few middlemen as possible as time marches on. And it feels good.

EDIT: Barrex, totally! That 2013/2014 VC money is starting to appear in real services. So much more yet to come. Check out purse.io, also. Love that site.

EDIT2: Not familiar with Simran, pres.

 

[Dianne]

This is fabulous, especially for business owners. Anyone can stop payment on a credit card purchase at any time and with no valid justification. The banks always side with the consumer against the business owner. Once you have btc in your wallet no one can withdraw the transaction. This is perfect.

 

[muh_roads]

Thought I'd update. This card works and it works well! I bought a used car with it. (Actually a large downpayment. Didn't want to pay it off at these BTC levels)

The mastercard processing is handled by a Hong Kong company called TransForex. When you load funds to your debit card within the WageCan portal, it acts as a market sell. So if you have a plan to buy something, you can keep your funds in WageCan and still earn interest while it sits in your wallet there.

When the spot price reaches whatever you are comfortable with, then load the Debit card for the debt note conversion.

 

[Barrex]

I am so excited how fast Bitcoin services are developing. First there was btcjam where people can offer and recieve loans directly without middleman/bank and now this...

Things are moving at a lot faster pace than what I was expecting.

 

[Jackie Moon]

Thought I'd update. This card works and it works well! I bought a used car with it. (Actually a large downpayment. Didn't want to pay it off at these BTC levels)

The mastercard processing is handled by a Hong Kong company called TransForex. When you load funds to your debit card within the WageCan portal, it acts as a market sell. So if you have a plan to buy something, you can keep your funds in WageCan and still earn interest while it sits in your wallet there.

When the spot price reaches whatever you are comfortable with, then load the Debit card for the debt note conversion.

Thanks for posting an update.

I've been asked a number of times by people about a bitcoin debit card but I had never heard of this site before.

So the exchange rate seems fair? How much verification did you have to go through to get the card?

 

[Warrior_of_Freedom]

Kill the banks!

 

[muh_roads]

So the exchange rate seems fair? How much verification did you have to go through to get the card?

Exchange rate references the Coindesk average. Currently about $3 lower than Bitfinex spot, which seemed fair. APR interest that you can earn on your BTC deposits has dropped a bit to 4.015% (0.011% daily)

Name, address, phone number is asked twice. Once on the WageCan site, and once again on TransForex when you receive your card. Hong Kong companies don't follow the rules the way the west would like them to. It doesn't seem to be your typical KYC anal reaming.

Kill the banks!

Indeed. For now debit card's are not the most ideal since some middlemen are still involved. I look at debit cards as a stepping stone until the POS infrastructure of just using your smartphone alone is more fleshed out.

 

[kpitcher]

I decided to see how good this is
https://www.ccedk.com/nanocard

Press release at http://finance.yahoo.com/news/ccedk-bit-x-release-nanocard-002700607.html


Whatever you have on the exchange is what you have on the card. The potential downside is this exchange isn't overly busy at the moment.

First 10K cards have no monthly fees so that's not all bad.

 

[muh_roads]

I decided to see how good this is
https://www.ccedk.com/nanocard

Press release at http://finance.yahoo.com/news/ccedk-bit-x-release-nanocard-002700607.html


Whatever you have on the exchange is what you have on the card. The potential downside is this exchange isn't overly busy at the moment.

First 10K cards have no monthly fees so that's not all bad.

Neat! Do you have it yet?

I'm all for getting as many of these cards as I can. Helps diversify the risk of other parties holding private keys for these types of things.

While the ultimate goal is no middleman, I really believe these debit cards are the next incremental step towards getting people to convert their entire salaries to BTC. People need the easiest way possible to autopay bills & rent, not just point of sale purchases.

 

[kpitcher]

Neat! Do you have it yet?

Nope just ordered it this weekend. I saw someone on bitcointalk say it worked well.

Another said they didn't put their real name on the card to see if that still worked. Interesting idea to have an anonymous card that's refilled by sending btc to an address.

 

[Jackie Moon]

Exchange rate references the Coindesk average. Currently about $3 lower than Bitfinex spot, which seemed fair. APR interest that you can earn on your BTC deposits has dropped a bit to 4.015% (0.011% daily)

Name, address, phone number is asked twice. Once on the WageCan site, and once again on TransForex when you receive your card. Hong Kong companies don't follow the rules the way the west would like them to. It doesn't seem to be your typical KYC anal reaming.



Indeed. For now debit card's are not the most ideal since some middlemen are still involved. I look at debit cards as a stepping stone until the POS infrastructure of just using your smartphone alone is more fleshed out.

Wow, that does seem pretty cool.

I've been asked about this by people that either don't have or don't want to use a bank account. This seems like a great alternative, especially if it doesn't require much personal info.

I love what Coinbase and Circle are doing make it easy and cheap for anyone with a bank account to buy and sell bitcoin. But I agree that the next step is finding a way around using bank accounts that is still cheap and easy.

Nope just ordered it this weekend. I saw someone on bitcointalk say it worked well.

Another said they didn't put their real name on the card to see if that still worked. Interesting idea to have an anonymous card that's refilled by sending btc to an address.

Yeah, that would be even better if that were possible. Keep us updated with how that one works out.

 

[Dianne]

Wow, that does seem pretty cool.

I've been asked about this by people that either don't have or don't want to use a bank account. This seems like a great alternative, especially if it doesn't require much personal info.

I love what Coinbase and Circle are doing make it easy and cheap for anyone with a bank account to buy and sell bitcoin. But I agree that the next step is finding a way around using bank accounts that is still cheap and easy.



Yeah, that would be even better if that were possible. Keep us updated with how that one works out.

Any updates on this. I was reading mixed reviews. I wonder why Coinbase doesn't come out with a debit card.

 

[presence]

I rarely pull cash out. But there is a much bigger picture here. Using FRN's funds US sponsored terrorism. All banks suck. Your online bank isn't "free" in the grand scheme of things considering the rising costs inflicted upon us due to our policies. Not to mention killing foreign kids kinda sucks.

I'm converting my entire life to just earning and spending BTC with as few middlemen as possible as time marches on.









And it feels good.

^^^^THIS

EDIT2: Not familiar with Simran, pres.

Simran is a 18 year old college freshman law student from Texas; he works part time as as a legal assistant.
He was among the first 3000 users at BTCe at age 14. He's one of the earliest LTC miners.

He'll send you up to $1000 daily at 5% however you like it.

You can use his online form for btce code to paypal:
https://bitcointalk.org/index.php?topic=391431.0

kid is legit.




enquire about current select of gold chains.



clean peer to peer transactions; presence approved

4.999% if you mention this ad

 

[Jackie Moon]

Any updates on this. I was reading mixed reviews. I wonder why Coinbase doesn't come out with a debit card.

I agree, it seems like something that Coinbase is probably working towards adding in the future.

They are working on being licensed in more states and expanding their USD wallet feature. Adding a debit card for people to spend directly from that account seems like a logical next step.

 

[Dianne]

I agree, it seems like something that Coinbase is probably working towards adding in the future.

They are working on being licensed in more states and expanding their USD wallet feature. Adding a debit card for people to spend directly from that account seems like a logical next step.

I hope so !! For some reason I have more trust in them. I would definitely throw my paycheck into bitcoin every month if I had a debit card to pay the bills. Not only that, can you imagine getting the hell out of the USA and being able to spend your money anywhere?