101–110 of 359 posts
Earlier quoted context omitted.
but if someone intercepts your mail, then they know your address and could possibly know your phone number. How secure is the activation process? Why dont you send the card and PIN out separately like a bank?
> but if someone intercepts your mail, then they know your address and could possibly know your phone number. How secure is the activation process Every "normal" credit and debit card I've received in the mail has used this same procedure -- call a number on a removable sticker stuck to the card to activate it where the only verification is the phone number you're calling from (and caller ID is easily faked). How is…
Where I am, PIN and Card arrive in different letters, and the Card letter is only sent once you confirmed via your online banking interface (which uses 2FA) that you received the PIN letter. And you need to confirm online in your banking interface to have received the card to be able to use it.
Earlier quoted context omitted.
Don't forget at a random exchange rate chosen by Coinbase.
The exchange rate is almost identical through all exchanges. Have been studying the market for a while, the slippage between exchanges barely last more than 5 minutes.
Just a reminder to Bitcoin newbies: This card looks like an OK product (still open questions about how much coinbase is gaming the ask/bid spread) but just realize that this card does NOT use Bitcoin, it uses "Coinbase Bitcoin"[1] which is Bitcoin for which the coinbase company is managing your private key: You only truly own Bitcoins if you own the private key for the account (users of MtGox learn this the hard way…
I don't see how a debit card could work any other way, since VISA is a pull-based system. If I have Bitcoin on my own computer and I swipe the card, how does the right amount of BTC get sucked out of my computer and exchanged?
You can now use Bitcoin anywhere VISA is accepted, so long as coinbase doesn't close your account, ignore you and close all the tickets you open. Even if you painstakingly collect and compile sensitive documents for them to review, which was a gigantic waste of my time, thanks! I have for months encouraged everyone I know not to use coinbase and will continue to do so.
That's really weird. I moved money in the 6 figures in Coinbase and have uploaded no documents whatsoever. Never had a question from them. (except for sending big amounts, they ask you if it is for an exchange or wallet).
I'm curious what the exchange rate looks like when purchasing stuff that's not in USD. If the conversion is the same as that of Bitcoin USD, then it would make this card super useful for people who travel a lot. What I mean is, it'd be cool if the card would do: - Bitcoin CAD - Bitcoin EUR - Bitcoin BHT - Bitcoin HKD - Bitcoin AUD So that we wouldn't need to do: - Bitcoin USD CAD - Bitcoin USD EUR - Bitcoin USD BHT -…
I'm curious what the exchange rate looks like when purchasing stuff that's not in USD. If the conversion is the same as that of Bitcoin USD, then it would make this card super useful for people who travel a lot. What I mean is, it'd be cool if the card would do: - Bitcoin CAD - Bitcoin EUR - Bitcoin BHT - Bitcoin HKD - Bitcoin AUD So that we wouldn't need to do: - Bitcoin USD CAD - Bitcoin USD EUR - Bitcoin USD BHT -…
I'm curious what the exchange rate looks like when purchasing stuff that's not in USD. If the conversion is the same as that of Bitcoin USD, then it would make this card super useful for people who travel a lot. What I mean is, it'd be cool if the card would do: - Bitcoin CAD - Bitcoin EUR - Bitcoin BHT - Bitcoin HKD - Bitcoin AUD So that we wouldn't need to do: - Bitcoin USD CAD - Bitcoin USD EUR - Bitcoin USD BHT -…
This might be the case for people who travel a lot and only hold money in bitcoin and not their native currency, but even then its worse then using USD. There are much better debit cards for travelers which don't charge foreign transaction fees or ATM fees (Schwab Investor Checking for example).