The Old Dog Advises: Get a Debit Card And Spend Some Steem. It Will Empower You!
Are we really making money by blogging and commenting? Is this REALLY real or are we just deluded fools?
We Are Not Deluded Fools And Here's The Proof!
In my previous article I reported that my debit card had arrived a week after ordering it.
What Happened Next?
- I went on line to advcash.com and activated my card.
- I exchanged some of my SBD's for Bitcoin using my exchange of choice, Blocktrades.us
- I then sent the Bitcoin to my advcash.com account and converted it to Euros. (they also use US dollars and Russian Rubles)
- Once the funds were in Euros I had to load them onto the debit card. Having the funds in your advcash account does not mean that they are loaded onto the card! Don't forget this step because I made several attempts to use the card without doing this and I was sure that the card didn't work. After many messages to the help desk another Steemit member that also uses this card pointed this out to me and Voila!
What Happened Last Night?
- I made a debit purchase in Italy.
- I withdrew Swiss francs in Switzerland!
2.5 kilos of meat, 7 bottles of premium beer, and some errrr snack food (I'll blame my son for that). Total Euro 34.78
Did I Really Just Pay For Groceries Courtesy of Steemit.com? Oh Ya!
My wife, my son and I went over to Italy to buy some groceries and to test out the debit function of the card. There is no charge for this service and so it is an attractive feature.
We were all so excited when the payment went through without any hitches and for the first time we saw the real power of Steemit! We were actually laughing with joy and in a bit of a state of shock. After all, I'd been blogging for over a year and had accumulated more than 41,000 Steem Power (worth about $70,000 at the time of me writing this article) but somehow it was still all so theoretical!
I needed to spend some of my Steem and the time and the means had arrived!
Did I Really Just Withdraw 50 Swiss Francs Courtesy of Steemit.com? Oh Ya!
Still high with elation after the successful trip to the grocery store we decided to attempt an ATM withdrawal in Switzerland. This meant paying an exchange rate on top of the 2 Euro debit fee and so it cost me 2.81 Euro to get the 50 Francs. It was, however, just a test and all of us were wide eyed with elation when again the card worked to perfection! Since we often use Euros I'll just make the withdrawals in Italy or Germany in the future and avoid the extra charge.
This shows my situation after the withdrawal and purchase. I had 101 Euros in The account and I've "spent" a total of 82.50. To summarize 101-82.50 = 18.50. My account shows that I have 15.69 Euros left and that means that I've paid a total of 2.81 Euro in charges. Remember that for debit card purchases there are no charges so these fees are from the cash withdrawal.
Some Final Thoughts
- I'm happy with the card and will now load it up for my Steemcation to the Black Forest next week.
- I am confident that more and better solutions are on the way and we'll be able to spend Steem directly. For example check out the project Blockpay by searching articles by @kencode
- I would like to see a resource for Steemit.com members where they can see the best on and off ramp solutions for their country.
- I believe in the future of Steemit and I will continue to keep most of my "holdings" in SteemPower!
Will You Get a Debit Card And Empower Yourself?
- Do you already have a debit card?
- Are you happy with it?
- Are you searching for one?
I hope that you enjoyed this article about getting a debit card and empowering yourself by spending some of your Steem!
Until next time,
@kus-knee (The Old Dog)
Remember, if you upvote my post and leave a comment I will do my best to upvote it with some of my 41,000 plus Steem Power!
I have an advcash virtual card and have used it to pay for server hosting.
For the cheapest option for physical purchases in Australia, I have been using Coinjar Swipe.
I am happy with it. An ATO ruling states that in certain circumstances bitcoin used for private purchases in capital gains tax exempt. I think a card will make it easier to show that purchases are private in nature. So, I have been spending bitcoin with it for months now and it gives me satisfaction every time a transaction goes through.
Whenever I think about spending crypto currencies in the real world, I remember the 10000 BTC pizza story.
Exactly my thoughts.
I think the opposite. If that guy (and noone else) had ever spent a single bitcoin, its value would still be in the cents range. Currency needs to be used to have value.
How about, spend a little, keep a lot. By spending you are increasing the utility (and hence value) of the portion you hold).
There is much to be said for holding although it can backfire as well.
Thank you so much for the follow up post!
I was reading this offline and told my friend about it.
Thank you - from them for the links and the advice
hopefully they could use it now :)
Have a great vaca and cheers to your Steem funded purchases
I bid you a fun, safe and relaxing vaca with the bird!
Yeah seriously!! That has to really hurt that guy... But who would have known how much that would be worth today.
Just like this!
Hey @kus-knee I'm making a similar project - to spend SBD for a romantic dinner in Russia.
All the best on your romantic dinner!
Thank you!
THIS IS GREAT TO FINALLY SEE A "LIVE & IN ACTION" POST ABOUT THIS!
I am going to be ordering one card within 2 weeks and plan on using it very soon. I'll be posting about it too as I am almost at my final destination and about to start posting on here again...
Thanks a lot for this "proof of usability", namaste :)
I love it. Just been on their website and got an account. in the process of verification but it seems really easy to navigate around. Also spotted a bug on the site, so I will be letting them know (they have a cool bug reporting tool). Looking forward to getting my plastic mastercard too! And really pleased that they can do paypal transfers!
Looking forward to reading more of your experience!
So cool , I did not know you could do this , Thank You for sharing this information , I might give this a try. upvoted and followed :)
Now that i have seen this post i will think about to have one! 😃
Here is a similar post by @solarguy
https://steemit.com/use-sbd/@solarguy/loading-your-cryptopay-bitcoin-visa-credit-card-and-buying-breakfast-with-cash-start-using-sbd-with-instructions-no-id-required
oops, just saw you made the first comment on that post xD
Ah well, it might be usefull for the other readers here ;)
@kus-knee Thank you for sharing this experience which makes Steemit experience a REAL EXPERIENCE. Through your two blogs on this subject, you have effectively demonstrated the connection between crypto and real world.. I showed your blog to my family as proof of Steemit being a great platform. Of corse, I have a long way to go till I accumulate enough Steem to matter. However, I am going to keep on Steemit! Upvoted.
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I'm glad that the articles were of some help!
that's amazing. I WANT one of them cards! ;)
Then you shall have one!