First Time Using The Bitcoin Company \ stacker news ~bitcoin

1281 sats \ 14 comments \ @cryotosensei 8 May bitcoin

Habits are hard to break. Have been using Bitrefill to buy my gift cards for at least 20 transactions, and the purchase process is as well oiled as my favourite pair of shoes.

Finally got down to register an account with The Bitcoin Company because why not? And it seemed to me that it offers a greater cashback for some of its participating merchants, whereas Bitrefill offers a flat 1% cashback (if at all).

Happy to use part of the sats I have accumulated to buy a food takeout gift card from The Bitcoin Company:

True enough, it offers 2.8% cashback.

I copied the invoice generated from The Bitcoin Company:

and pasted it on Stacker News:

Success! Found the gift card inside my super app. Earned 495 sats in the process.

I can see myself using The Bitcoin Company more often from now on. Back to stacking sats.

Will post this on my personal blog in hopes to earn my one cent of the day.

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80 sats \ 1 reply \ @siggy47 8 May

I prefer The Bitcoin Company.

104 sats \ 0 replies \ @TheWildHustle 8 May

Likewise.

Auto withdraw rewards

More sats back

Donate a percentage of your rewards to Open Sats

254 sats \ 1 reply \ @Bitcoinisawesome 8 May

@DarthCoin hisses at the people using this service some times claiming it’s a VISA company and you’re just supporting the enemy when using it perhaps even hampering bitcoin adoption.

There’s a good argument to be had there if you’re actually buying VISA credit cards however if you’re buying gift cards with bitcoin using the bitcoin company as the third party you are lowering the amount of middle men by quite a lot. Sure, it’s not as ideal as directly trading your sats for a good or service but at least we can lower the amount of banks involved this way. Now there is only three parties involved: consumer, btc company, and the business. That’s great!!

I wonder if these types of business will see legislative attacks in the US as well….

0 sats \ 0 replies \ @kepford 8 May

Never read him saying this about them. Think you are thinking of Fold

60 sats \ 1 reply \ @StillStackinAfterAllTheseYears 8 May

Thanks for this. I'd been using Bitrefill as well (largely out of inertia), but am planning to try BTC next time I'm looking to make a grocery run.

0 sats \ 0 replies \ @cryotosensei OP 9 May

Inertia sounds so much better than procrastination. Thanks, now that this word is salient in my mind, I will use it more often

21 sats \ 0 replies \ @teemupleb 8 May

Works probably well with satsbacks and gift cards, but the prepaid Visa was a bit of a hassle last year because the card can get blocked easily if you use it with VPN or to pay for subscriptions.

50 sats \ 2 replies \ @grayruby 8 May

Nice. I should have sent you my referral code.

50 sats \ 1 reply \ @cryotosensei OP 9 May

I used another Stacker’s referral code, sorry about that

0 sats \ 0 replies \ @grayruby 9 May

All good. Glad someone got the referral.

50 sats \ 1 reply \ @Coinsreporter 8 May

Amazing! I haven't used TBC till now but after reading this, I am sure I should use it now.

Thanks mate for this wonderful information.

0 sats \ 0 replies \ @cryotosensei OP 9 May

Great! Will be happy to share my referral code when you take the plunge

0 sats \ 0 replies \ @BitcoinAbhi 8 May

Nice information. I also like Bitcoin company.

0 sats \ 0 replies \ @BlokchainB 8 May

Big fan of TBC. Trying to stop using credit cards as much and use TBC more often