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So confused can somebody just tell me what I should do if I wanna order bitcoin from sbr store and what should I use. Is it all the same when u first do it coinbase,blockchain is it the samething plus is there other options that are better and going to prob just put the Bitcoin I get into a sportsbook? I watch the tutorial but there seems to be newer and easier ways but I dunno?please help thank you.
Hey dumb question guys so sorry in advanced. Is the fee for withdrawing money out of the ATM considered one of the 200 transactions, in order for BitPay to generate a 1099 form ?
Only use my card typically twice a month on avg. Never had any forms generated by BitPay.Originally Posted by BeatTheJerk
Hey dumb question guys so sorry in advanced. Is the fee for withdrawing money out of the ATM considered one of the 200 transactions, in order for BitPay to generate a 1099 form ?
these clowns now ask for verification with ID! these scums
Then you would have kept the transactions under 200 @ 24 & if the fee counts as a transaction as it is listed on the activity log. That’s 48 total you are in the clear by far. There’s a chance I will be using it way far often than that (regarding ATM withdrawals).
I'd guess no because it is already in US$ by the time it is taken.Hey dumb question guys so sorry in advanced. Is the fee for withdrawing money out of the ATM considered one of the 200 transactions, in order for BitPay to generate a 1099 form ?
Thanks for your opinion Optional.
I don't necessarily believe that Bitpay falls under the category of 200/$20,000. Just to be safe... you should never abuse the card... (several transactions etc.) But I understand you want to be extra cautious... and you should be.
Thanks for your opinion as well TMS. We gotta stick together & huddle our minds, so the MAN doesn’t take away a percentage of our profits. I will use with caution ....
Im American, and by default Americans are the worlds greatest conmen. Let me explain. First I will neither confirm nor deny if I have done this myself or know of someone who has done this. Plenty of local poker games have some questionable characters.. Deadbeats, druggies and people who just don’t care about sh!t. Suppose your willing to give a druggie, 100 for his ID and 100 plus some oxycodone for his social security number.. Boom! Bit pay card is now free and clear of you.. Head to local corner store buy a burner prepaid phone and your on the way to the last step. Probably the most important. Most people think bitcoin on block chain is anonymous... it isn’t. Invest in a good bitcoin mixer before you load funds on the card.. While not completely 100% anonymous the mixer is close to it. Don’t feel bad about it.. Remember taxation is legalized theft!
ID and other verification is getting so prevalent now in BTC that the tightening has turned BTC
into less attractive method for guys like us. We are not interested in BTC as an investment.
Overpaying a lot for BTC without ID and risking getting scammed is not worth it. The tightening
is making BTC no different than USD. Private transactions are different but only the real private ones
with ppl you know are worth it, not the online players on Paxful or LBC.
State books are going to hurt offshore with Americans next year. I would rather provide ID
to the State that issued the ID and can be relied 100% to pay immediately and all the time if that's what
we are going to have to do. Not going to sweat taxes when the rate and trigger limits are so reasonable.
Plus BTC is very vulnerable for many reasons to another massive price drop.
Last edited by Snowball; 01-04-19 at 10:33 AM.
Who's asking for ID?? Bitpay? Are you trying to get a new card? Or is this a new procedure for old acct holders?
They never asked me for ID.
They seem to have access to your ID even if you don't send them, they pull it up when you give them your Social Security number
and agree to let them validate you.
https://bitpay.com/card/order/edit
"Proof of identity (POI): The information entered below must be the same as it appears on your valid government-issued ID. Your ID should contain your full name, date of birth (DOB), your photo, and expiration or validity date. This will be used to verify your identity.
Oh to be clear not the fee the ATM charges, but the added fee that Bitpay applies simultaneously.
Anyone ever get a call from bitpay when loading several thousands on to it?
Or any issues with high loading volume? Let me go pro since I’m here.
I think it would need to be more than several thousand for them to notice or report anything.
No. what did they ask you?
Didn’t get one either, nor do I want to get one. Just seeking advice on how to mitigate any concerns they might have. Glad nobody did either.
Didn't get one.... nor do you want to get one??? Why are you asking a question then???
Unless your transfering millions of dollars which is over their limit anyways I wouldn't worry about it. Its just like any other prepaid debit card. I've used places like these for years and they never bothered me about where money was coming from loading the card.
Because I’m loading thousands and want to know if others ever had any experiences like that.
this card doesnt work anymore does it why no mention
? mine works fine
I have not heard that. And cant see anything from a quick search.
bitpay card? thought earlier this month I saw reports about it being stopped
My bitpay card still works, loaded yesterday, used it last night and this morning at an ATM.
business as usual....working FINE...
Are you thinking about the one report a few months back that was stopping the International use of Bitpay? I can't remember the exact details of that story... maybe another poster knows what I'm talking about and can chime in...
But there were 2 versions of the card.... the USA version is 100% fine and working.
I have been using CB and shift, but Bitpay card seems to be better. Anyone have a preference on what compatible wallets I should go with? Can you sign up for bitpay card sending from blockchain.com wallet? Thanks
I use Airbitz wallet
Simple as it gets with the card.
Hek yeah works flawlessly.
Thanks for the advice. I got edge, bitpay wallet, and bitpay card set up tonight. BTC sent and received fast.
Good deal
Fake news. Card works fine I just loaded mine an hour ago. Bitcoin transfer from mycelium to card took under 10 seconds for cash to be available. To be honest I'm surprised the card has lasted this long but it is the best thing since the old neteller days as far as getting payouts from books. I don't understand why people are using coinbase or any of those other garbage exchanges trying to convert their bitcoin to cash.
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