Bitcoin debit card

**blowjoe2020** · 12-10-16, 04:17 AM

Just to clarify, you still have to go to coinbase or somewhere like that and link a bank account and then you send an ACH out of your bank acct. to buy bitcoin with right? THEN you put that bitcoin onto the card? Or do you still send bitcoin in from coinbase to the book and only use the card to withdraw it? I haven't seen this question yet. How is this not involving your banks when you still have to buy the bitcoin from your linked bank account? Are you people buying the bitcoin some other way than a linked bank account? If so how do you do that? Pay someone more money to sell it to you right? How do you pay that person without using a bank.
In other words how are you buying the bitcoin in the first place without a linked bank account and how do you then get the b-coin to the sportsbook?

**Optional** · 12-10-16, 05:08 AM

You can buy bitcoin with cards most places.

A very simple way is here: http://buy.bitcoin.com/

You would send it to a free blockchain.info/wallet and from there to your sportsbook.

wallofcoins.com paxful.com and localbitcoins.com offer a range of ways to pay from cash in person, paypal, giftcards etc.

**BrickJames** · 12-10-16, 07:52 AM

Originally posted by Optional

You can buy bitcoin with cards most places.

A very simple way is here: http://buy.bitcoin.com/

You would send it to a free blockchain.info/wallet and from there to your sportsbook.

wallofcoins.com paxful.com and localbitcoins.com offer a range of ways to pay from cash in person, paypal, giftcards etc.

7.5% is a pretty big hit to have to take to convert it. I supposed to be using a credit card it's not that bad

**BrickJames** · 12-10-16, 07:56 AM

Good call though optional I'm thinking about that and you could cash advance off your credit card for 7.5% using that site and the bit pay card that's pretty sweet

**BrickJames** · 12-10-16, 04:55 PM

Originally posted by Optional

You can buy bitcoin with cards most places.

A very simple way is here: http://buy.bitcoin.com/

You would send it to a free blockchain.info/wallet and from there to your sportsbook.

wallofcoins.com paxful.com and localbitcoins.com offer a range of ways to pay from cash in person, paypal, giftcards etc.

What is the cheapest way to buy BTC with a CC? Is bitcoin.com about as cheap as you can find it?

**Optional** · 12-10-16, 07:51 PM

No, the bitcoin.com one is about the most expensive way really. Just the simplest.

The cheapest way is to fund a trading exchange and buy bitcoin on the open market yourself. Rather than buying it off someone else who does that.

But that is a more complicated way to get started.

Most people who want ACH transfers will get started with Coinbase or possibly Gemini. They are fair with prices and fees. Maybe lose 2 or 3% over trading the btc on an exchange yourself.

**blowjoe2020** · 12-11-16, 05:23 AM

Yes but the whole point of the thread was kind of to see how little money it could cost you to get all this done to the end including the payout. But if you don't use an ACH from a bank to buy the bitcoin from coinbase, and instead you pay someone 7.5% to use a credit card to buy the bitcoin at first, then all the "savings" or whatever go right out the window.
I still love the whole idea of the quick and cheap payouts using the card. And if you use the bank and an ACH to buy your bitcoin from coinbase, then it is still pretty damn cheap. But buying the B-coin with a C-C from a seller charging 7.5% or higher cancels out any savings or good deals.
So the next question is do your banks give you any flak for simply doing an ACH to coinbase? or is it just the return ACH from coinbase?
Because if they don't give flak for doing an ACH to coinbase, then I could do that and then use this card for the withdrawals.
Then it becomes a great deal. Any word on flak from banks for ACH's to coinbase?
T.Y.

**Optional** · 12-11-16, 05:29 AM

Originally posted by blowjoe2020

Yes but the whole point of the thread was kind of to see how little money it could cost you to get all this done to the end including the payout. But if you don't use an ACH from a bank to buy the bitcoin from coinbase, and instead you pay someone 7.5% to use a credit card to buy the bitcoin at first, then all the "savings" or whatever go right out the window.
I still love the whole idea of the quick and cheap payouts using the card. And if you use the bank and an ACH to buy your bitcoin from coinbase, then it is still pretty damn cheap. But buying the B-coin with a C-C from a seller charging 7.5% or higher cancels out any savings or good deals.
So the next question is do your banks give you any flak for simply doing an ACH to coinbase? or is it just the return ACH from coinbase?
Because if they don't give flak for doing an ACH to coinbase, then I could do that and then use this card for the withdrawals.
Then it becomes a great deal. Any word on flak from banks for ACH's to coinbase?
T.Y.

A couple of people have reported being asked what the transactions are. I think that has just been a couple of small banks though. Where a manager has only heard of bitcoin in relation to silk road etc.

Coinbase is a legal licensed entity. A bank really should have no concern over them.

**blowjoe2020** · 12-12-16, 12:10 AM

I agree. Banks shouldn't question a valid ACH.

**Codone69** · 12-21-16, 05:06 PM

I have a question about the Bitpay card. If I were to load funds to the card, say 1 BTC , say $800. Ok, so that gets loaded okay. Then a week later I see the price dropped to 1BTC = $400. Will I still have $800 on the card, or $400? In other words, when I actually load the card with cash, does it change "daily", or, is it fixed regardless of the current exchange rate?

**Optional** · 12-21-16, 06:14 PM

Originally posted by Codone69

I have a question about the Bitpay card. If I were to load funds to the card, say 1 BTC , say $800. Ok, so that gets loaded okay. Then a week later I see the price dropped to 1BTC = $400. Will I still have $800 on the card, or $400? In other words, when I actually load the card with cash, does it change "daily", or, is it fixed regardless of the current exchange rate?

You will still have $800

It's converted to US$ as soon as loaded onto the card.

**BrickJames** · 12-22-16, 01:37 PM

Originally posted by Optional

Whats wrong with BitPay for you?

BitPlastic and Shift accept US people but are a lot more limited than BitPay as far as amounts you can withdraw.

How much BTC would bitcoin.com sell me in one shot off a cc?

**littlekona** · 12-22-16, 01:41 PM

careful some cards count as cash advance and that will effect fee big time

**Optional** · 12-22-16, 01:43 PM

Originally posted by BrickJames

How much BTC would bitcoin.com sell me in one shot off a cc?

$1050 at a time.

But imagine you can do multiple transactions.

**BrickJames** · 12-22-16, 03:38 PM

Originally posted by littlekona

careful some cards count as cash advance and that will effect fee big time

Goes on your statement as a purchase from some random internet company I doubt they could figure out what it was

**EricLegend** · 12-30-16, 10:17 AM

Question! I ordered my Bitpay V Card 12/27/16 and I was told it shipped the same day. Do I wait until I receive the card before I download the Bitpay app and create a new account? Also am I required to add my checking account for verifications with Bitpay? My coinbase account is already open and verified.

Thanks

**5918mike** · 12-30-16, 10:28 AM

Got my card finally! All set, requested a 5D payout to get the ball rolling and test this out.

**Memento** · 12-30-16, 11:47 AM

Eric......You need the card on hand so you go to the website and verify it and then create username and password. Then it is just a matter of sending btc to the account...they call it topping off. No other info needed.[TABLE_COL]TX[/TABLE_COL]

**Memento** · 12-30-16, 11:53 AM

Originally posted by 5918mike

Got my card finally! All set, requested a 5D payout to get the ball rolling and test this out.

Avoid ATM fees buy purchasing a $ order at WalMart with the card and cashing it or depositing it for free at your bank.

**themike78** · 12-30-16, 02:48 PM

Originally posted by Memento

Avoid ATM fees buy purchasing a $ order at WalMart with the card and cashing it or depositing it for free at your bank.

I keep hearing about using it to buy money orders at Walmart. Every Walmart I have been to has told me cash only for money orders. No debit cards no ************. Maybe it's a state law but it's frustrating.

**EricLegend** · 12-30-16, 03:15 PM

Originally posted by Memento

Eric......You need the card on hand so you go to the website and verify it and then create username and password. Then it is just a matter of sending btc to the account...they call it topping off. No other info needed.[TABLE_COL]TX[/TABLE_COL]

Nice..... Can't wait to get my card. Thanks bruh.

**72nova** · 12-30-16, 04:30 PM

I bought a *********** with my Bitpay debit card last week at my local grocery store. It was a ** *********** so it took 1 day to clear at my bank.

**habitualwinning** · 12-30-16, 09:19 PM

Originally posted by Memento

Avoid ATM fees buy purchasing a $ order at WalMart with the card and cashing it or depositing it for free at your bank.

Walmart M orders are issued by the same company as the red option that some people used to use to deposit to books. Be careful if you've ever had any problems or been banned with that company cause you'll run into problems with your M order. I haven't had any issues but just put 2 and 2 together when I saw what company was on the order last time I got one at wally. Fwiw I know a lot of people that got banned from the red option and the yellow option over the years. I don't know what one has to do exactly to run into problems, I just know it happens cause I know people that it has happened to. Just a heads up. Afaik there are only 3 companies that issue M orders that I'm aware of in the U.S. The red option, the yellow option and the federal government. Big banks do too but that would be useless for this method cause almost all of them require cash only payments, no cards.

**EricLegend** · 12-30-16, 11:46 PM

Why is everyone so paranoid? You know I read somewhere that some gamblers suffers from some sort of mental illness, not sure how accurate that study is, but I will say this, depositing multiple money orders into your checking account, will definitely get your account frozen and or closed by your banks back office, guaranteed no questions asked. Money orders have always been flagged as high risk deposit in the banking community. Keep this this in mind.

This card can be a game changer if used as it is intended. Abusing the ATM feature like some of you are doing is not a good look.

I personally will use this card for normal everyday purchases and will only use the ATM when need be. Im not worried about losing my money, once my money leaves 5dimes im good.

**temple2010** · 12-31-16, 03:45 AM

so much to read on here but good information. Simple question, where's the cheapest (and instant) place to buy $500 worth of bitcoin with a credit card or debit. I'm reading bitcoin.com but some say it's expensive- plus the site seems to take me to another site. any others??

**Optional** · 12-31-16, 07:08 AM

Originally posted by temple2010

so much to read on here but good information. Simple question, where's the cheapest (and instant) place to buy $500 worth of bitcoin with a credit card or debit. I'm reading bitcoin.com but some say it's expensive- plus the site seems to take me to another site. any others??

I 'think' if you signup with coinbase and add your card you will be able to buy $300 worth instantly. (I say think as terms change with these exchangers frequently)

Paxful, Localbitcoins and WallOfCoins are other potential places for fast delivery.

buy.bitcoin.com is just about the most expensive way... along with Bitcoin ATMs but they are the quickest/easiest way to get $1000 real fast.

**Optional** · 12-31-16, 07:12 AM

The 'other' site you mention is just their front for the payment processing btw.

**temple2010** · 12-31-16, 01:36 PM

thanks, buddy. Unfortunately coinbase has me limited to $150; what a drag

**Memento** · 12-31-16, 01:42 PM

Originally posted by EricLegend

Why is everyone so paranoid? You know I read somewhere that some gamblers suffers from some sort of mental illness, not sure how accurate that study is, but I will say this, depositing multiple money orders into your checking account, will definitely get your account frozen and or closed by your banks back office, guaranteed no questions asked. Money orders have always been flagged as high risk deposit in the banking community. Keep this this in mind.

This card can be a game changer if used as it is intended. Abusing the ATM feature like some of you are doing is not a good look.

I personally will use this card for normal everyday purchases and will only use the ATM when need be. Im not worried about losing my money, once my money leaves 5dimes im good.

If you are worried about the bank, you can buy.a 1000 $ order at wal mart for .70 and turn around and cash it at WalMart for $3. So $3.70 total might still be cheaper than ATM. Or get cash back at purchase with card.

**5918mike** · 01-02-17, 11:14 PM

Bitpay card users, I see you can refund an overpayment but how do you just accept it?

**BrickJames** · 01-04-17, 04:59 AM

Originally posted by Memento

If you are worried about the bank, you can buy.a 1000 $ order at wal mart for .70 and turn around and cash it at WalMart for $3. So $3.70 total might still be cheaper than ATM. Or get cash back at purchase with card.

How much cash back at purchase can you get?

**BrickJames** · 01-04-17, 09:34 AM

Originally posted by Memento

If you are worried about the bank, you can buy.a 1000 $ order at wal mart for .70 and turn around and cash it at WalMart for $3. So $3.70 total might still be cheaper than ATM. Or get cash back at purchase with card.

Wall Mark will cash a *********** they just sold?

**BrickJames** · 01-04-17, 09:35 AM

$$$$ order

**Memento** · 01-04-17, 12:10 PM

Originally posted by BrickJames

$$$$ order

Yes, $3 per $1000 as stated on website. They only cash $ orders purchased there.

**DroopyDog** · 01-04-17, 12:25 PM

thats a lot of hassle when you can just go to the moneypass atm site and find a moneypass ATM near you... no fees... except for the $2 bitpay charges