Turn bitcoin into dollars instantly

[Living The Dream]

I'm going to take a wild stab and say once you send the BTC to the bitpay D.C. it will automatically transfer it to US Currency at the current exchange rate. If this is true.... this would be a real cool feature.

I guess we'll all learn soon enough.

Yep, exactly

[TheMoneyShot]

One question...

When you send Bitcoin to this Bitpay debit card, is it being held in "dollars" on the debit card? Hence, you can not worry about Bitcoin fluctuations...?

I'm going to take a wild stab and say once you send the BTC to the bitpay D.C. it will automatically transfer it to US Currency at the current exchange rate. If this is true.... this would be a real cool feature.

I guess we'll all learn soon enough.

[Living The Dream]

I received the same email. We will see

[ParlayKing1986]

Did anyone receive their card yet?

[littlekona]

I purchased last week got an email yesterday saying card will be coming next week via mail and its part of the first batch!! Great News!!!!

[3runhomer]

I put in my order for the card...we will see how this goes!

[themike78]

Yeah it's just like any other prepaid debit card like ******** or ********. The only difference is you can load it with bitcoin.

[3runhomer]

And also, if you click on the "Fees and Limits" link at the bottom of the Bitpay card's page...it says the card is actually a "pre-paid" ****...

I assume this is a positive, as it is not tied to a bank account and such...

Thoughts?

[3runhomer]

One question...

When you send Bitcoin to this Bitpay debit card, is it being held in "dollars" on the debit card? Hence, you can not worry about Bitcoin fluctuations...?

[3runhomer]

This could be a very encouraging development!

[Texans365]

Have been using European analogue from spectrocoin for two months. It works exactly as stated in the subject. Moreover, bitpay is one of the biggest bitcoin companies, and I am sure – this will be good option to use your BTC directly for shopping or getting cash.

[themike78]

Curious if any one has tried it. There were a few in the past that were scams. They would never send the card and the websites disappeared. This one seems legit though. This could make getting cash from bitcoin 100 times easier than it is.

[Memento]

http://www.bankrate.com/rates/safe-sound/memorandums-memos.aspx?fedid=2705895

[jtoler]

Your right there have been a lot of scams but this one seems legit. You think it's fake? Why.

I deleted that post because I typed that before I saw who it was from my bad. Ive looked at bitpay before because I have them bookmarked, but Ive never used them.

[themike78]

You believe anything dont you.

Your right there have been a lot of scams but this one seems legit. You think it's fake? Why.

[jtoler]

Wonder if this one works.

[jtoler]

...

[Memento]

Just trying to track down all the terms/fees for people:

Purchase card for $9.95 in btc and will arrive in 7-10 days
Purchase transactions free anywhere **** accepted (or uses **** processors like Paypal)
Deposits from btc wallets and employer (if you want to be paid salary in btc) free of charge
ATM withdrawal fee $2 US / $3 Non-US, Limits: $3000/day, $750/atm

I can't find the cost of activating the card.

[themike78]

This is exactly what I have been waiting for. Sick of waiting days for bitcoin to hit bank account. It says bitcoin reloads are instant, that is the best part. Definitely getting one. Thanks for the info.

[Texans365]

http://www.coindesk.com/bitcoin-debit-card-bitpay-50-states/