Quote from: marcotheminer on August 29, 2015, 08:36:47 PM

Quote from: Cryptozero on August 29, 2015, 06:58:43 PM

Of course, it is. I personally together with many other Bitcoin users prefer to pay less especially if there is no clear benefit.

Clear benefit and paying less? You should use Bit-X!

Let's say I order a EUR card from e-coin and use it at a non-EUR ATM. I'll have these fees: 3% foreign transaction fee + $3.50 Int. ATM fee + ~4% (rounded down from ~4.3%) 'hidden' exchange fee (I used your current rate of $222.57 per bitcoin compared to preev.com's $232.7 per bitcoin). Total: 0.015 BTC + ~7% in fees. Plus the possibility that the exchange rate has gone up between when I sold my BTC to fund the card and actually used the funds.

Now a quick comparison to a foreign transaction using the Bit-X card. Fees: 3% ATM fee + 0.01 BTC. Total: 0.01 BTC + 3%.

Let's take e-coin's 'best case scenario' (using a EUR card at a EUR ATM). Fees: $2.50 ATM fee + ~4% (rounded down from ~4.3%) 'hidden' exchange fee (I used your current rate of $222.57 per bitcoin compared to preev.com's $232.7 per bitcoin). Total: 0.011 BTC + ~4%.

Comparison to a transaction using the Bit-X card in the same currency. Fees: 3% ATM fee + 0.01 BTC. Total: 0.01 BTC + 3%.

The benefit with the Bit-X card? No need to manually fund it, let alone sell your BTC in advance!

In both cases Bit-X has the lower total fee for an ATM transaction. I've not included others costs such as ordering, shipping, activation, funding (e-coin only?) and monthly fees (e-coin only).

But you're right. Many Bitcoin users prefer to pay less and have clear benefit. It's up to the individual to choose!

Not true!

USD case
1BTC
    BIT-X    E-Coin

Rate USD/BTC   228.00    222.42
    (no guarantee)

ATM    9.12     2.5 (the fixed charge per an ATM withdrawal)
   (you pay more if you withdraw more)
Receive    218.88    219.92

2 BTC
Rate USD/BTC   456.00   444.84
    (no guarantee)

ATM    18.24    2.5

Receive (ATM)   437.76   442.34
3 BTC
Rate USD/BTC   684.00   667.26
    (no guarantee)

ATM    27.36    2.5

Receive (ATM)   656.64   664.76

10 BTC
Rate USD/BTC   2280.00   2224.2
     (no guarantee)

ATM     91.2     2.5

Receive (ATM)   2188.80   2221.7

Same with EUR/GBP etc.

E-Coin maintenance fee of $1 includes the SMS service, and E-Coin does not have any inactivity fee.