Anyone using Bitcoin Debit Card?

Hello, im wanting to get a bitcoin debit card and want to know if anyone in Pakistan is using one which works ok at ATMs? Please suggest me which one to apply for. Thanks

are u kidding me ........... i don't think bitcoin debit card will work on Pakistani ATM's.

If its Visa or Mastercard it should work at Standard Chartered ATMs. But if you've got bitcoins you can consider some local exchanges to get cash more conveniently.

[quote=“hashmi1, post:3, topic:22043”]

If its Visa or Mastercard it should work at Standard Chartered ATMs. But if you've got bitcoins you can consider some local exchanges to get cash more conveniently.

[/quote]

Do you know of any apart from localbitcoins?

I am not a a financial adviser but IMO, You should avoid using bitcoin debit cards because the bitcoin industry is yet unregulated and you might lose your entire equity.

The safest bet against bitcoin would be USD.

bro the bitcoin fluctuates so much, it is not stable. including other risks. it is used mainly to purchase illegal stuff. so be careful.

[quote=“Animotion, post:4, topic:22043”]

Do you know of any apart from localbitcoins?

[/quote]

Exchanges? A google search reveals several. Choose one which seems legit, try a small amount first to get a feel for the process and then make your transaction ... you may even visit a physical currency exchange and ask them if they or someone they know deals in bitcoin. Another (fee intensive) option can be to transfer via an international exchange to some payment service that does wire transfers to Pakistan (Skrill etc.)

[quote=“makhan, post:5, topic:22043”]

I am not a a financial adviser but IMO, You should avoid using bitcoin debit cards because the bitcoin industry is yet unregulated and you might lose your entire equity.

The safest bet against bitcoin would be USD.

[/quote]

[quote="Myelin, post:6, topic:22043"]

bro the bitcoin fluctuates so much, it is not stable. including other risks. it is used mainly to purchase illegal stuff. so be careful.

[/quote]

Both of you obviously have no clue what you guys are blabbering about. Im not asking your advice on 'whether to use bitcoins or not' read my query above again. Ive been doing business and dealing in bitcoins for 2 years and i know what they are all about and its nothing like what both of you are saying. You need to get more education about bitcoins before discrediting them out of sheer ignorance and spreading misinformation.

PS

hashmi1

: I know google search reveals tons of exchanges but im looking one specifcally for Pakistan, apart from UrduBit. But anyway I have applied for ANX bitcoin debit card.

[quote=“Animotion, post:8, topic:22043”]

PS

hashmi1

: I know google search reveals tons of exchanges but im looking one specifcally for Pakistan, apart from UrduBit. But anyway I have applied for ANX bitcoin debit card.

[/quote]

Add pakistan to the search query and you should find some .pk domains. Among them http://www.e-cash.pk/ and http://pakexchange.pk/

I won't personally vouch for either though, I used one of these for a fairly small transaction and it worked ... always do your own due diligence.

http://localbitcoins.com/has Pakistani merchants

[quote=“Myelin, post:10, topic:22043”]

http://localbitcoins.com/has Pakistani merchants

[/quote]

Yea, but they are bunch of jokers really.

[quote=“Animotion, post:8, topic:22043”]

Both of you obviously have no clue what you guys are blabbering about. Im not asking your advice on 'whether to use bitcoins or not' read my query above again. Ive been doing business and dealing in bitcoins for 2 years and i know what they are all about and its nothing like what both of you are saying. You need to get more education about bitcoins before discrediting them out of sheer ignorance and spreading misinformation.

PS

hashmi1

: I know google search reveals tons of exchanges but im looking one specifcally for Pakistan, apart from UrduBit. But anyway I have applied for ANX bitcoin debit card.

[/quote]

Sounds like you are too experience with money and Risk management.

What will you do if the exchange goes into insolvency?

http://www.cnbc.com/id/101442439