Post
Topic
Board Service Discussion
Re: Bit-X Debit MasterCard
by
monbux
on 29/05/2015, 00:15:18 UTC
That's why I personally don't use exchanges. If I wanted to cash out I'd probably just sell locally or through a bank transfer or something on here. Always best to cut out the middle man and that's why I think we're in desperate need for decentralized exchanges.

For what reason? You just said "that's why" with no context.

Because a lot of people do not wish to have to go through the process of being 'verified' by another institution.

We have a decentralized currency, why would we want a centralized body telling us if and when we can make transfers ala Coinbase?



To each their own opinion. All services (even if based on a decentralised currency), at this point in time, will require some sort of verification for higher limits (for the debit card).

You may still order a card with the basic limits with absolutely no verification, just a valid shipping address.
Is bit-x planning to add CAD currency deposits? I would get the card, but the currency conversion fee is killer... Sad