Bitcoin debit card

[JayTris07]

Received my card on Saturday, used it yesterday. Deposited $1000 into the card and made withdrawals from 2 different banks wit no problems. Just like using my debit card. Hope this never goes away.

[rangerz2478]

For those who have deposited bitcoin onto the card, what have you noticed in terms of exchange rates? If you have lets say 5k in blockchain at the time of transaction, what ends up on the card? The prices can fluctuate so drastically from one site to another due to current volatility so curious what everyones experience has been like on this.

[rangerz2478]

It doesn't. All funds on card are in U.S dollars. Whenever you put money on card they go by what the bitcoin rate is at the time. But once it's on card it just stays as dollars.

But the rate can vary from one exchange to another, how exactly do they come up with the rate?

[rangerz2478]

For example, current rates: 588 bitstamp, 591 bitfinex, 595 coinbase. There's no one general rate out there.

[ParlayKing1986]

Saw no fluctuation from nitrogen to card directly..won witb you wager..gave my block chain address...for 1795..will see how much of it transfers to card. Will post update.

[Optional]

But the rate can vary from one exchange to another, how exactly do they come up with the rate?

There is no reference to a bitcoin rate in the terms but I think this applies;

[TheMoneyShot]

well i got the card today and it works fine. but the atm fee is $3.00 and $2.00 for bitpay so total $5.00. not bad but if you want to withdraw more than $750. it's gonna cost you another $5. it's a good backup to have for those emergency situations though.

also, when you withdraw, use the checking option. i kept picking credit card and it kept denying my transaction.

Just bumping this post.

I'm curious if anyone else has tried to use other ATM's in your area etc.

Could you post your amounts and your fees that you were charged?

Just trying to keep track of this info etc.

Seems like the highest is $750 + $5 fee.

Is this the best rate so far?

[spro23]

Got mine 6 business days after ordering it. not bad

[TheAntFather]

Got mine 6 business days after ordering it. not bad

Do you have to use your name or social security to get a bitcoin debit card?

[LT Profits]

But the rate can vary from one exchange to another, how exactly do they come up with the rate?

The BBB (Bitcoin Best Bid)

https://bitpay.com/bitcoin-exchange-rates

[TheMoneyShot]

Question on this Bitpay card.

Ok... so I accessed the bitpay log in page. Went to send bitcoin. Typed in $637.20 and it gave me the bitcoin address to send it to and the BTC amount was 0.987876

I got a confirmation email saying my card was loaded:

USD: $637.20
BTC: 0.987876
Exchange Rate: $645.02
Transaction Time: 2:54 PM Eastern


My question is... did I just get robbed on this transaction? How come the exchange rate was $645.02 but they only credit my card with $637.20

What did I do wrong here? Any advice?

[LT Profits]

Looks perfect, exchange rate is $645.02 per Btc, you only funded 0.987876

[TheMoneyShot]

Looks perfect, exchange rate is $645.02 per Btc, you only funded 0.987876

Ah... I see what you mean. 1 BTC = 645.02 at that time. That went over my head.

Still trying to get familiar with all this stuff. Thanks LT

[themike78]

Do you have to use your name or social security to get a bitcoin debit card?

Yes. It's just like any other bank issued debit card or prepaid debit card. Not anonymous but convenient.

[Zenyatta 19-1]

how do I withdraw from nitrogen straight to my bit card?? How do I find my address for the card

[Zenyatta 19-1]

wow nevermind I get it!

[rangerz2478]

The BBB (Bitcoin Best Bid)

https://bitpay.com/bitcoin-exchange-rates

It's competitive, but looks to be on the low side compared to exchanges. At the moment it's only a couple bucks off but was looking the other day and it was $5-$10 per bitcoin.

https://tradeblock.com/markets/bfnx/xbt-usd/1h/

[Optional]

It's competitive, but looks to be on the low side compared to exchanges. At the moment it's only a couple bucks off but was looking the other day and it was $5-$10 per bitcoin.

https://tradeblock.com/markets/bfnx/xbt-usd/1h/

If you think it is "off" by whatever amount, then it is advantageous to one side, either buying or selling.

So it evens out after a deposit/withdrawal cycle at a sportsbook.

It's not right to call it 'off' though. There is no 'correct' price but this is better than trying to quote a specific exchange's rate moment to moment as that can be way off the market average at times.

[hello1234567]

Just ordered mine yesterday. Can't wait to use it and see how it will work out.

[hello1234567]

Do you send directly from book to card or book to blockchain to card? Timeframe it takes to receive bitcoins to the card?

Question on this Bitpay card.

Ok... so I accessed the bitpay log in page. Went to send bitcoin. Typed in $637.20 and it gave me the bitcoin address to send it to and the BTC amount was 0.987876

I got a confirmation email saying my card was loaded:

USD: $637.20
BTC: 0.987876
Exchange Rate: $645.02
Transaction Time: 2:54 PM Eastern


My question is... did I just get robbed on this transaction? How come the exchange rate was $645.02 but they only credit my card with $637.20

What did I do wrong here? Any advice?

[Ghenghis Kahn]

Do you send directly from book to card or book to blockchain to card? Timeframe it takes to receive bitcoins to the card?

book to blockchain then to the card is recommended. time frame should be pretty much instant.

[Courtesywipe]

Heritage to Blockchain to card. All within an hour. $5 fee for withdrawal from ATM. $1100 total. Hope this last for a year or two. At least through football season would be nice. Nothing like cashing out from book and having cash in hand same day.

[nymfan99]

these cards ask for SSN?

[CubsFan8301]

I went to bitpay and it asked for my organization name? Do I have to sign up through bitpay or do I just click on the debit card link and sign up for the debit card without a bitpay account? Or if I need a bitpay account before getting a bitpay debit card what do I put for organization name?? Thanks

[Courtesywipe]

I went to bitpay and it asked for my organization name? Do I have to sign up through bitpay or do I just click on the debit card link and sign up for the debit card without a bitpay account? Or if I need a bitpay account before getting a bitpay debit card what do I put for organization name?? Thanks

Come again ?

[TheMoneyShot]

I went to bitpay and it asked for my organization name? Do I have to sign up through bitpay or do I just click on the debit card link and sign up for the debit card without a bitpay account? Or if I need a bitpay account before getting a bitpay debit card what do I put for organization name?? Thanks

Come again ?

People are getting confused whether they should sign up on BitPay's "main log in" page? Or sign up on the Bitpay Card page?

Make sure you find the link to click on the "Card" it's at the bottom of the main page. All the way at the bottom.

Then it takes you to the page... "Order Card" which should be very top right of the page. Then follow the steps.

There is a fee to order the card and once you receive the card in the mail.... register your card... and then you can sign in.

[CubsFan8301]

People are getting confused whether they should sign up on BitPay's "main log in" page? Or sign up on the Bitpay Card page?

Make sure you find the link to click on the "Card" it's at the bottom of the main page. All the way at the bottom.

Then it takes you to the page... "Order Card" which should be very top right of the page. Then follow the steps.

There is a fee to order the card and once you receive the card in the mail.... register your card... and then you can sign in.

thanks, I will order the card now

[nymfan99]

what about SSN required?

[TheMoneyShot]

what about SSN required?

It is required as one of the steps unfortunately.

[Ironman07]

Just checking to see if those who have ordered recently have received their cards yet? I know form past discussions there appeared to a lag before... Thanks

[Natty68]

Sooo, this alleviates any bank involvement? You can just go to an ATM and withdraw cash?

[Optional]

Sooo, this alleviates any bank involvement? You can just go to an ATM and withdraw cash?

You can just go to the ATM and withdraw... but a bank issues the card so you are not free of bank involvement and their regulations.

[BeatTheJerk]

This card works at any ATM ? Or only a Bitcoin ATM, excuse me if this has been answered & or is an ignorant question.

[BeatTheJerk]

What's the max you can send to a blockchain wallet ?

[BeatTheJerk]

Never mind I googled it & my answers.