I love using @blocktrades & my @bitpay Visa Debit Card to withdrawl Cash in US dollars at any ATM (no need for a special Bitcoin ATM) & I only pay $1.50 standard ATM fee and then of course to convert SBD to Bitcoin Cash on blocktrades/bitpay is under $1
Steepshot
How do I get one of these cards ??
How can I take these cards like you with me?
Just go here signup https://bitpay.com/card
I know they work in USA and maybe other places
haha here is my lesson for you
What is the waiting period for the amount to be in our debit card ? Like if we send from steemit
Just 3-15 mins, depending only as long as bitcoin takes to confirm in your bitpay wallet. Btc confirms faster than bch but costs a dollar or so more
So I would transfer from blocktrades directly into my card ? And it would take 5-15 minutes ?
Yes Bitpay has always been fast with seldom any delays and this is all because it uses Bitcoin and Bitcoin Cash. It is at the whim of those networks but lately they've both been pretty fast.
Great job showing the ease at which one can convert steem or Steem Backed Dollars over to Cash in Hand like this. More people need to see this to break the spell over steem that it isn't real. As soon as the masses accept it as valuable real money then we WILL see its price go up just lkike Bitcoin. We just need Phone App Wallets but we have to wait for HF20 because unlike Bitcoin, creation of a Steem Wallet also requires the Steem ACCOUNT which costs a little bit of SP and steem to create so we will fix that after HF20 around 3rd Quarter this year (sept-Nov maybe ) and hopefully by then we will see Steem Wallet Apps that allow for INSTANT account creation. Yes I know we do have a steem free wallet which is great for now for anyone wishing to download an instant steem wallet but the way it works is youre just trusting free wallet and they really own all the steem on that wallet, it isn't like a free bitcoin wallet where you can still hold your own keys.
So yes when Steem gets a Hardfork and instant account creation we will see instannt wallet apps so people can use steem just like they use Bitcoin today, we will see a coinbase like app for convert steem or SBD to a bank account ( like @yensesa but for the USA ) and we will see what happens. It is nice to see @yensesa team over in Ghana ahead of the Usa in this respect but eventually we will have a Coinbase like App or Website like yensesa for converting Steem or SBD into Paypal or Venmo or hopefully we will have it like Coinbase whre you can add your bank or debit card to buy and sell steem. We can't wait for Coinbase to add steem but I do believe we couldcreate a simple app that does everything coinbase does but for Steem and SBD maybe even Golos and Bitshares toi really support our DPOS brothers and sisters. Now a Fiat Gateway for Bitshares Steem and Golos (and EOS?) would be incredible, I wonder what is keeping people from setting up coinbase competitors, maybe the regulatory costs are just too high? Mycelium has a peer 2 peer marketplace where people can buy and sell Bitcoin for CASH no ID no KYC nothing so we COULD have this for steem, it is not a question of regulations, anyone who tells you that is just a troll. Evidence for this is the fact that Mycelium allows for BTC trades in person peer 2 peer so steem/sbd can have this, we just need our own clone of the mycelium wallet's p2p marketplace feature. Which is a nicely kept secret which we can also use. Also I believe ackza setup https://localaltcoins.co which just redirects to steemit.com/trending/localaltcoins so someone needs to make a post with the tag #localaltcoins for the posts to show up here. So we can just use Steem for posting trades for buying and selling Steem/SBD for Fiat Cash in our areas, we just need to make a nice front end or App for this to keep it all organized and make it easy like localbitcoins to use maybe even have an escrow feature!
Wow, conversion of SBD into BCH with under $1 fees is really efficient. Thanks for showcasing the power of SBD and whole Crypto Economy over and over. 🙂
That is correct! Blocktrades Bitpay and SBD/steem make for a competitive combination for any Vlogger loking to make the switch from Youtube/Adsense over to Dlive/Dtube/Steem because now with Bitpay you can get paid just as fast if not faster than people waiting for their normal paychecks with the 2-4 weeks waiting periods.
Honestly Steem makes for a MUCH faster smoother experience than most people's day jobs!
Yes brother, i really agree with you, thanks for sharing your insights. Wishing you an great day. Stay blessed. 🙂
With bkocktrades and bitpay, turning sbd to cash has been made easy
WAO Spectacular News I didn't know you could do those things. Thank you for sharing.
Sounds interesting
This is an amazing method to convert steem and SBD into local currency.
This is amazing, converting crypto to cash hasnt been that easier. The charge of 1.50 you pay is per transaction charge or monthly fee?
This is awesome ..it more like I can make spendings directly from my steem wallet.. it nice to know theirs no limit to the use of sbd financially in the near future...awesome post
wow. that's great. but how to get the steem card. can anyone tell me ?
Great experience ..
Thanks for sharing your experience..
Your sharing experience inspiring us to use blocktrades and bitpay visa debit card..