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

[muh_roads]

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

I moved some more over during this 280-300 range. And I'm starting to let Bitwage build my balance there so it is ready to send more over to TransForex when needed. I first send to a Xapo wallet from Bitwage because I still have some reservations about WageCan also. So I have to monitor this and send coins when funds get low.

Ultimately I want to just send directly there and not worry about it. Check it once a month to recharge the card and that would be it.

I haven't figured out a way to pay back loan advances (my 0% CC balance transfers to checking) with bitcoin yet. So Bitwage is still a smaller % of my paycheck. BillPayForCoins supposedly helps you pay your credit card bills and mortgage so I need to test that next.

It works on the utilities I am slowly adding to it. Going to switch to rent next since my property manager lets me auto-pay with a CC.

The problem I worry about is if WageCan, Bitwage, BillPayForCoins etc has all their ducks in a row with the MSB's and money transmitter licenses. It is very strange that Coinbase & Circle don't have debit cards of their own by now...and they have far more money to pay off the authoritarian regulatory capture than these other smaller operations. There must be a reason for that.

Luckily WageCan is also located in Hong Kong along with TransForex, their actual MasterCard portal. There is some sort of relationship between the US & Hong Kong that seems to allow HK to get away with whatever they want.

But anywho, we're getting there. I can almost do anything with bitcoin now.

EDIT: Forgot to mention that LibraTax is keeping track of all my bitcoin to USD conversions for me. So any IRS employees lurking here can go suck a taint.

 

[Dianne]

I moved some more over during this 280-300 range. And I'm starting to let Bitwage build my balance there so it is ready to send more over to TransForex when needed. I first send to a Xapo wallet from Bitwage because I still have some reservations about WageCan also. So I have to monitor this and send coins when funds get low.

Ultimately I want to just send directly there and not worry about it. Check it once a month to recharge the card and that would be it.

I haven't figured out a way to pay back loan advances (my 0% CC balance transfers to checking) with bitcoin yet. So Bitwage is still a smaller % of my paycheck. BillPayForCoins supposedly helps you pay your credit card bills and mortgage so I need to test that next.

It works on the utilities I am slowly adding to it. Going to switch to rent next since my property manager lets me auto-pay with a CC.

The problem I worry about is if WageCan, Bitwage, BillPayForCoins etc has all their ducks in a row with the MSB's and money transmitter licenses. It is very strange that Coinbase & Circle don't have debit cards of their own by now...and they have far more money to pay off the authoritarian regulatory capture than these other smaller operations. There must be a reason for that.

Luckily WageCan is also located in Hong Kong along with TransForex, their actual MasterCard portal. There is some sort of relationship between the US & Hong Kong that seems to allow HK to get away with whatever they want.

But anywho, we're getting there. I can almost do anything with bitcoin now.

EDIT: Forgot to mention that LibraTax is keeping track of all my bitcoin to USD conversions for me. So any IRS employees lurking here can go suck a taint.

This really sounds great. I have to admit it is always scarey to try something new with btc. There seem to be so many scam artists out there. Wasn't Coinbase going to align with PayPal at some point? PayPal has a debit card also but problem is they report everything to the govt. The other problem is PayPal clips 3% on all transactions.

I'm going to keep an eye on this. I love the concept.

 

[kpitcher]

Update on the nanocard.

I received it in the mail and was easy to activate. However I obviously missed some fine print, or it has been added since I ordered.

The card has 3 levels of usage. Totally anonymous is max 250 Euro per year. Level 2 is verified, 2500, Level 3 is bank verified unlimited. USA users are stuck at level 1. Shame, it's not really the solution I thought.

The dream of an anonymous bitcoin backed credit card isn't yet out there. Or even a verified bitcoin backed card... oh well, I see they're working on it.

Take a look at these countries. Not many Western countries in it...

Residents from the following countries may order cards, but may not raise card limits to level 2: Afghanistan, Albania, Algeria, Angola, Cambodia, Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Democratic People's Republic of Korea, Lao People's Democratic Republic, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Romania, Sudan, Syrian Arab Republic, Uganda, United States and Minor Outlying Islands, Yemen, Zimbabwe.

 

[kfarnan]

This will be here soon..

 

[Dianne]

Update on the nanocard.

I received it in the mail and was easy to activate. However I obviously missed some fine print, or it has been added since I ordered.

The card has 3 levels of usage. Totally anonymous is max 250 Euro per year. Level 2 is verified, 2500, Level 3 is bank verified unlimited. USA users are stuck at level 1. Shame, it's not really the solution I thought.

The dream of an anonymous bitcoin backed credit card isn't yet out there. Or even a verified bitcoin backed card... oh well, I see they're working on it.

Take a look at these countries. Not many Western countries in it...

Looking at that list of countries speaks volumes as to the so called "freedom" in the U.S. Look at the company we are keeping !! It's time to remove "the land of the free" from the National Anthem.

 

[muh_roads]

Update on the nanocard.

I received it in the mail and was easy to activate. However I obviously missed some fine print, or it has been added since I ordered.

The card has 3 levels of usage. Totally anonymous is max 250 Euro per year. Level 2 is verified, 2500, Level 3 is bank verified unlimited. USA users are stuck at level 1. Shame, it's not really the solution I thought.

The dream of an anonymous bitcoin backed credit card isn't yet out there. Or even a verified bitcoin backed card... oh well, I see they're working on it.

Take a look at these countries. Not many Western countries in it...

Thanks for the update. I think I'll sign up for level 1 as well.

WageCan lets you load up to $50K worth of BTC if you want. But you do have to verify twice. Once with WageCan and again with TransForex.

250 is better than nothing I suppose. Get the groceries. Take the wife out for the evening, etc. If you need more than that in cash, load it, go to the ATM, withdraw, rinse repeat till u have the amount of cash raised.

This is supposedly 100% anon but I haven't tried it yet... https://bitplastic.com/

Any of these that are anon I am sure will always be illegal. Visa & MasterCard have their own oligarchs they have to answer to as well. We won't get off the legacy rails of the payment system until POS P2P is something people are willing to do on their own. It'll happen but we aren't at that stage yet.

In the meantime I just like the idea of Bitwage helping people do everything with bitcoin because some months might spend less on your bills due to a spot price increase and then you are saving. Some months I might spend 0.2 instead of 0.15 and that is fine too. I like the idea of knowing my money is mine and not someone else's debt.

 

[Texan4Life]

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.

yep. if you like Jam you will LOVE BTC Pop.. finally it is an all-in-one so to speak. They have p2p loans (with insurance and collateral), loan pools based on ratings, savings account, alt exchange, and shares that pay monthly dividends. They are pretty new, but they are doing some really exciting stuff. and management is very connected with the community. It was born out of Jam's problems, alot of high rollers left jam for pop.

 

[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.

We were right... ItsHappening.gif

Introducing the Shift Card

Today, we’re excited to introduce the first US-issued bitcoin debit card, the Shift Card. The Shift Card is a VISA debit card that currently allows Coinbase users in twenty-four states in the U.S. to spend bitcoin online and offline at over 38 million merchants worldwide.

Merchant adoption has come a long way over the past few years, but it’s still difficult for people to make regular purchases with bitcoin. Buying gas at a local gas station or groceries at a neighborhood grocery store with bitcoin has not been possible in most cities in the U.S. Thanks to Shift Payments, it’s now possible to use bitcoin to buy gas, groceries, and much more. With the Shift Card, you can now spend bitcoin anywhere in the world that VISA is accepted.

The Shift Card is now shipping to people in eligible states. You can get your Shift Card by completing the two-step sign up here:

Connect your Coinbase account

Order the card by providing your physical address and authorizing the $10* issuance fee

*the fee is paid for in bitcoin

For a limited time, there are no fees associated with domestic merchant transactions beyond the one-time $10 issuance fee (a complete fee schedule can be found here). In the future, we may charge a fee to Shift for the conversion of bitcoin, which Shift may pass to you.

Shift uses Coinbase Connect to make bitcoin more useful to 2.8M+ Coinbase users. We’ve enjoyed working with the Shift team and are excited to start using the card ourselves this holiday season!

To learn more about the card, check out our support article and visit Shift’s product page.

https://blog.coinbase.com/2015/11/20/introducing-the-shift-card


I guess it's not technically from Coinbase, but they're working with them to make it happen.

https://www.shiftpayments.com

This is really cool.

You can store your balance as bitcoin in your Coinbase account, and when you use the card the amount spent is automatically converted to USD at the current spot price with a 0% fee.

No annual fee, no transaction fee, and only $2.50 ATM fee.

So that essentially makes every ATM a Bitcoin ATM to go from BTC -> USD. Unfortunately there's currently a daily limit of $200 for ATM withdrawals, but still, that's pretty cool for people that don't have a 2-way Bitcoin ATM near them.

Only bad news is that my state is not available yet and I really want one.

At this time, only residents of the United States may apply for a Shift Card.

In order to spend bitcoin via Coinbase, cardholders must reside in one of the following U.S. states:
AL, AZ, CA, DE, DC, GA, ID, IA, KS, ME, MS, NE, NV, NJ, NC, ND, OK, PA, PR, SD, TX, VT, WA, WV