There is always a need for people to understand the advantages of using a debit and credit card like the Bitcoin sipping method. This method is similar to the fiat money system where you can use it in any shop or ATM machine without leaving your house. The main advantage with the debit card is that you can make purchases using as many as you want as you have the money loaded in it. And at the same time you can withdraw cash from the ATM machine. This system has proved to be very useful to the consumers who do not have change with their hands and still want to buy something. With such systems in place, the benefits that we are talking about are based on the security and efficiency aspect. Click here for more details about 비트코인홀짝
With a prepaid debit card, you do not need to worry about sharing your money with a stranger while paying for goods. Thus, the chances of theft increase a great amount. And if you get into an accident, the police will not ask for ransom money as they will simply take your debit card and run. Thus, it is much better to purchase goods and services using cash that you do not have at hand.
On the other hand, the situation with the credit card is quite opposite. When you use a credit card, the risk factor comes along with it. If you fall ill, the medical institution will report you to the credit card company, which will charge a hefty interest rate for the medication that you are borrowing. In the worst case scenario, your account may get terminated due to non-payment of dues. Thus, having a debit card as opposed to the credit card offers a lot of advantages.
Bitcoins debit cards are highly efficient as you do not have to deposit any money at all in order to start using it. Thus, there is no need for collateral and the risk factor does not exist. Thus, these cards provide you with all the convenience that one might expect from electronic wallets or credit cards. They are fast and are perfect for internet shopping as well.
The major disadvantage of using a wallet is the lack of security. You have to remember that not everyone will be storing the same wallet. Hence, if one gets hacked, all his or her previous transactions would become accessible. This is unfortunate because many people are attracted to bitcoins because of its high security. However, this security is not present in all the bitcoins wallets.
Another major disadvantage of using a debit card is that you are restricted to spend money that you have gotten from the internet only. Thus, if you want to purchase something you cannot as yet. The only way out of this predicament is by converting the balance of your money into cash. Many people may find this an inconvenient since they want to be able to shop any time they want.