Post
Topic
Board Service Discussion
Re: Bit-X Debit MasterCard
by
marcotheminer
on 21/05/2015, 17:55:16 UTC
Why someone have to choose it instead the wallet?

To pay in physical stores that accept credit/debit cards and not bitcoin.
But what is the benefit for costumer?

What is normally the benefit of using a debit card? Convenience and accessibility. The main benefit is being able to spend your bitcoins directly. You don't need to trade or cash them out as you can do it easily with your card from your exchange balance. It all boils down to whether you think the convenience of being able to do this is worth the high fees. For some it is and others it isn't.

The fees are lower than Localbitcoins bitcoin to cash trades. Around 4% I've experienced.