I would like to invest $200 is that enough for the start?
I would be happy to see if there is any business plan that you made inside the company and how have you planned to payback the investors, immediately from the first month or how, these information are very important to us.

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%.

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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).

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

Mosts users (myself included) check the exchange rate regularly so they already have an idea of the rate at the time of their transaction. If a specific rate must be known, a simple widget on a user's smartphone will do the job.

Do you really enjoy checking the rate when paying for the next pint at the pub?


Once, but in advance. Most crypto users prefer to deal in terms of BTC rather than fiat. This means they would prefer to hang on to their BTC for as long as possible before initiating a transaction, which you can't do with e-coin. Why use BTC at all, if you just convert all or most of it into fiat for spending over time?

With E-Coin you can do the same, the conversion takes seconds and you see what you get straightaway.


True!

You just described the issue with e-coin and other prepaid cards (that must be preloaded).


Strictly speaking your cards are also preloaded but with bitcoins. Moreover, you also require a deposit, which E-Coin does not.

Fees are straightforward: 0.01 BTC + 3% for ATM transactions | 0.002 BTC + 1% for POS transactions (which is either in-store or online).

It is a way higher compared to E-Coin.


It may be the same cards but the infrastructure built behind it is very different, which enables these real-time conversions.

E-Coin conversions are real time as well.
The most important: what is the point in a technology that do not improve functionality and convenience and customers have to pay more?


In the end, it's up to a user to decide what they prefer and what suits them best.

For me (and many other Bitcoin enthusiasts) I want to keep my holdings in BTC/LTC for as long as possible and only spend exactly what's needed only when I swipe the card.