Hong Kong Exchange ANX Launches Bitcoin Debit Card

Hong Kong. Can't get cash, Bitcoin isn't helping

This seems like a great use-case for Bitcoin to me:
I can't find a way to get cash at the moment here. I'm just on a tourist visa at the moment, waiting for a better visa to be processed. When that finally gets processed I'll be allowed a local bank account, which means I can withdraw cash.
Cash is required for the transport system here. Unfortunately my debit card was eaten by the ATM the other day so I have to take cash out via a credit card. This is very expensive. Cash is so common here I'm having to pay through the nose while a new card arrives. I have to pay fees also for the debit card on cash anyway.
1) I contacted many used goods sellers asking if they would be happy to accept Bitcoin. They all refused. A shop selling used goods replied that they can accept a credit card... but they charge 3% for the privilege.
2) In the population of 7 million here there is 1 person selling cash in exchange for Bitcoin on Local Trader. That person is not replying to messages.
3) Local Bitcoins has a few traders but all except one are wanting bank transfers. Banks will not take a customer here without a local ID card.
4) Even a few Taobao sellers in China have refused to accept Bitcoin. That might have been handy.
5) ANXBTC is based here but they are quite expensive for cash withdrawals and it will take a while to setup I'd imagine.
Any other ideas? I only need around 10,000HKD (1,000USD) to cover buying the things I can only really get with cash over the next (hopefully just) 2 or 3 weeks.
In the end I think I'm going to have to just pay the fees. It totally sucks. There should be a card you can load with cash and then withdraw. I can only assume such a thing gets abused?
Edit: Thanks for all your support :) I'll be in contact
submitted by j2598 to Bitcoin [link] [comments]

Wagecan shut down their bitcoin-to-mastercard service. Looking for an alternative ...

I live in Southeast Asia and I have used Hong Kong-based https://wagecan.com for over 6 months, I guess. The service was certainly up to snuff. They are an agent for http://transforex.com.
I recently received an email from wagecan, however, that the Hong Kong Monetary Authority no longer allows God-knows-what and that they have to terminate their global service. Duh.
So, I thought that I would use http://anxbtc.com, also in Hong Kong, but they have also had to shut down their global bitcoin prepaid card service.
So, now I am looking for an alternative to these services, in another country, to avoid the Hong Kong Monetary Authority.
Just like before, I just want to dump bitcoins onto an address, let the service do the market operations, and notify me that I can draw a given amount of USD with my prepaid card from pretty much any ATM.
I also use proper bitcoin exchanges, but then for larger amounts. The dump-draw-forget prepaid card services are really good for smaller, quick and dirty, I-need-a-few-hundred-bucks-now situations.
So, goodbye Hong Kong and its financial services, for now. What's my next destination? Any suggestion? ;-)
submitted by zaratustra99 to Bitcoin [link] [comments]

For those looking for a bitcoin debit card that can be used globally and not just in Australia...

I don't want this post to sound like an ad, but Hong Kong-based ANX is one of the lesser-known exchanges and I think most people simply aren't aware that their debit card product even exists.
I've been using the international debit card from ANX for the last couple weeks, and it has helped me transition to paying for almost EVERYTHING in bitcoin (in a roundabout way, I suppose).
It has a much higher limit than typical pre-paid debit cards. Other cards I've used in the past would have a $3,300 annual limit and could not be topped up once that limit was reached. The card can hold a balance of $50,000 (usd) and is limited to $1000 ATM withdrawal per day. Also the $50,000 limit is not annual, it can have that much at one time and can be recharged up to that point an unlimited amount of times.
The card is free to use for POS/online purchases, but unfortunately charges 1% for ATM withdrawals. I think the exchange rate they give you when recharging is also slightly less favorable than spot price (even though they claim no top-up fee). Alas, they have to make money on this product somehow, and those fees do not seem too ridiculous.
The initial cost to get the card is somewhat steep (mine was 0.37 BTC, including shipping), but it has more than made up for that in proving itself useful to me. So far I've successfully used it at ATMs, brick and mortar POS, and for purchasing online goods.
Here's a link to compare the different kinds of cards they offer: https://anxbtc.com/pages/#/card-compare
Note: I am not employed by ANX, just a very happy customer! I've been using their platform for trading for more than a year without issue.
submitted by BeijingBitcoins to Bitcoin [link] [comments]

How To Buy Bitcoin With Credit Or Debit Card - YouTube How to get your 1st bitcoin atm card for free - YouTube ANX International Bitcoin Debit Card How To Cash In $1000 In BitCoin For Less Than Average ATM ... Money and Tech Introduced ANX Bitcoin Debit Card

When you receive your card you can set a certain amount of BTC, which will be converted to dollars. You can fill up your debit card at the ANXBTC exchange. ANX will have a 2.5% rate to charge their cards. So in theory you can use the debit card everywhere. ANX’s achievements to date include introducing the world’s first physical Bitcoin retail store, the world’s 3rd Bitcoin ATM machine, multi-currency online Bitcoin exchange platforms (ANXPRO.COM & ANXBTC.COM), and mobile APPs for crypto currencies. ANX was one of the first firms specializing in crypto-currencies to be issued with a Money Services Operator (MSO) license for foreign ... De ANXBTC Bitcoin Debit Card werkt uitstekend! Alleen de aanschaf van de kaart kost geld en het opnemen van contant geld bij een pinautomaat. Wanneer je contant geld oppakt kost dit minimaal 3 USD of 1 % van het totaalbedrag. Je moet ook beseffen dat deze bitcoin debit card in USD of Hong Kong Dollars wordt genomineerd. Je betaalt extra valuta omzetkosten voor het gebruik van deze pinpas voor ... ANXBTC.COM offers an easy, secure, and affordable platform to buy and sell the Bitcoin crypto-currency. ANXBTC.COM offers a 24 hour online exchange that provides the automated matching of orders between its registered members and it strives to be your Bitcoin connection by making the experience as effortless as possible. The parent company (ANX, formerly known as Asia Nexgen) was established ... Customers, who must supply an identity card and proof of address for anti-money laundering regulatory compliance, will be able to purchase bitcoins for cash. In March 2014, ANX has brought the first Bitcoin ATM to Hong Kong. Customers must be verified to use this ATM and will need to use their Bitcoin wallet QR code to make a cash deposit. In July 2014, ANX announced a re-loadable prepaid ...

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How To Buy Bitcoin With Credit Or Debit Card - YouTube

In this video, I do a live bitcoin purchase from a Bitcoin ATM Machine using cash. This machine is from Coinsource and is located at 3663 S Las Vegas Blvd #4... Come and join me at Wirex! Sign up, buy some crypto using your credit/debit card, and we'll both earn free Bitcoin! Sign up your acct and get your crypto ATM... Bitcoin This video is unavailable. Watch Queue Queue. Watch Queue Queue I will show how to buy bitcoin from a Bitcoin ATM. We are using the genesis where you can buy or sell Bitcoin We will use our Coinbase app as a wallet. Use C...